talk2tonie:


Are you using a naira card or dollar card?

naira

4Play:
Investing is hard: one of the stocks I invested in in May 2021 is down 70% from May. By far my worst ever stock investment.

This is SelectQuote who have been experiencing decelerating revenue and earnings growth and have negative cash flow. They also appear to book revenue before they have actually received it.

It's a salutary lesson that you need to know what you own as a shareholder if you are to pick stocks.

With diversification and as I own 12 stocks, the impact on the overall portfolio performance is moderated but it shows you still need very good insights into each business you are invested in.

yes it is. same thing with my portfolio. You didn't apply stop loss?

which card?

Onuokwu:


Yes

Kennyking1234:
naira

Ok. Maybe you should try sending them a mail.

Kennyking1234:
yes it is. same thing with my portfolio. You didn't apply stop loss?

I generally avoid using stop losses for any investments based on fundamentals. I prefer to sell only if I change my mind on the business's prospects or its valuation. With SelectQuote, after 2 sets of poor results including last night's, it's clear it will take a while, if at all, for their large staff recruitment drive to start feeding into higher profit margins.

Kennyking1234:
I am trying to... but it is not working.

They said they are not accepring cards from Nigeria again. Guess its by wire transfer now

4Play:


I generally avoid using stop losses for any investments based on fundamentals. I prefer to sell only if I change my mind on the business's prospects or its valuation. With SelectQuote, after 2 sets of poor results including last night's, it's clear it will take a while, if at all, for their large staff recruitment drive to start feeding into higher profit margins.

me I don't use stop loss I don't even understand how its works, let me ask did you buy at all time highs?

Kennyking1234:
me I don't use stop loss I don't even understand how its works, let me ask did you buy at all time highs?

Close to all time highs. And it's a recently IPOed stock so with a lot of existing shareholders taking advantage of the public listing to sell their shares. Too many alarm bells I didn't pay heed to.

4Play:


Close to all time highs. And it's a recently IPOed stock so with a lot of existing shareholders taking advantage of the public listing to sell their shares. Too many alarm bells I didn't pay heed to.

I have made so many losses investing, my only protection is that my capital is too small to have much impact, if you check the picture of my portfolio, I posted recently you would see I am -70% on a particular stock.
One thing I have learnt so far is to never buy an IPO unless am insider trader. And also "buy the rumor sale the news".
Accept my condolence. It part of the game...

Down -50% on $virgin galatic
Down -60% on $Dlpn during the nft fad.

afroxyz:


They said they are not accepring cards from Nigeria again. Guess its by wire transfer now

what error where you getting?

yok:


Passfolio is operationg from outside Nigeria, that is why it is not listed. Unfortunately for somebody like me, I will not go to passfolio as I believe it is still a Nigerian operating outside the country- this what CBN is asking for Chaka/Trove can go and be operating from Ghana or anywhere outside Nigera and Nigerians will still patrise them, (for passfolio I read their 1st introductory article in Punch Newspaper and what the fellow talk about making money from Customers deposit made me uncomfortable, money in my trading account is for trading, it is always in transit, if i want to save money I will open a depost account).

Our plan B should be for us to get our International passport and be prepared to open account with foreign Brokers like etoro, Trade212, for those outside Nigeria very easy the like of Fidelity is there. Just like the Ladipo boys or any medium size importers are getting their money from Bureau De change, we get our Dollar outside the CBN system and then patronise the Foreign Brokers, Forex trading has been going on for ages like this.

Chaka, Trove and co will develop the Nigerian economy as the patronage of Foreign Stockbrokers will reduce if they are allow to operate.

Please tommorrow we continue let us have a nice rest, our portfolios are with the main stockbrokers home and abroad.

does etoro accept Nigerians

Lexusgs430:
$PFE is really doing well.......

42.83% increase no be beans...... I am thankful I got infected with covid.........

lol how?

yok:


As of the last time I checked, Etoro is one of the few brokers accepting residents of Nigeria.

Thank you

But do they offer real stocks or just CFDs?

What's their trading commission like?

US STOCK PICKS PLAN 27 AUGUST

The bulls were tired yesterday but not out, actually many stocks that lost yesterday are back in green premarket.

Not surprised our portfolio lost little value yesterday despite fall in NASDAQ. Previously our portfolio use to lose fairly high when the market retraces. The improvement in our portfolio in the face of declining market is traceable to applying the principle in our trading manual.

No Stocks picks for the day (but keep PLTR, SENS in your watchlist), want to take a breather from the market. We have realised that we don't have to be scanning foe stocks to buy everyday. If we have our watchlist, the stock we should buy today should come from our watchlist. For example our watchlist is telling us that we want to buy SENS around $3.71

Our Trading Plan Blueprint Manual plus free trading system video is now available. The package is a PDF plus 2 videos. If you need details of the contents of the package, just send me a DM or email.

The manual is also good for Nigerian stock, the system just signal that UCAP is in buy zone this week begining 23 Aug 2021. We have bough for our portfolio at NGN7.15[/b]

Sign up with Trove using the link on our profile page, you will get either 5 stocks of Dangote Sugar or GTB, plus our cheat sheet containing the secrets of trading profitable/guide you to trade for the 1st few days after funding your account and free membership of our Group. For the free membership of our group, there are some terms and conditions that apply. Please e-mail us once you have funded your account via our link with trove and we will send you the cheat sheet and add you to the WhatsApp group free for one month.

Caution: This is for information purposes only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan).

This document remains the personal property of Target technical analysis [b]https://twitter.com/AnalysisTarget

Kennyking1234:
me I don't use stop loss I don't even understand how its works, let me ask did you buy at all time highs?

It means... u must sell a stock...
Once your loss reach a certain percentage....e,g 5%....10%
The underlyin assumption is the need to protect your capital....
First and Foremost ...while u can think about profit on a later date....
For example.... if you sold your stock at 10% loss....
U will still have some capital available to recover from your loss.......
Rather than havin a 70% loss....
And have to wait for the stock to recover ...
And/or find additional capital to push up your position....

TRADING PLAN BLUEPRINT MANUAL/VIDEO IS MAKING ME HAPPY

If you are trading stock, you need to follow up on what we are doing here. There is too much money to be made in this market.

The market seems to be ready for tapering, it seems nobody is afraid of inflation again. Is your portfolio ready for any shock in the market? Trading Plan Blueprint Manual/Video makes you ready for any situation.

yok:


As of the last time I checked, Etoro is one of the few brokers accepting residents of Nigeria.

I tried opening with them they don't.

finally broke the 100 dollar barrier today. 1000 next. Thanks everyone.

I AM SHORT OF WORDS TODAY!!!

See one of our trades over 20% profit in 2 days, courtesy of Trading Plan Blueprint Manual.

Willie2015:


It means... u must sell a stock...
Once your loss reach a certain percentage....e,g 5%....10%
The underlyin assumption is the need to protect your capital....
First and Foremost ...while u can think about profit on a later date....
For example.... if you sold your stock at 10% loss....
U will still have some capital available to recover from your loss.......
Rather than havin a 70% loss....
And have to wait for the stock to recover ...
And/or find additional capital to push up your position....

The problem with stop losses is that you are eventually going to be worn down as you get stopped out of a position, buy another and watch your new position underperform the old one. Not to mention the transaction costs as you jump from one stock to another. Activity is often the enemy of outperformance in investing.

My view is that if you are investing in stocks, to get the best out of your hopefully diversified portfolio, you have to run the risk of huge drawdowns. Some of the best stock returns for me presently - Fortinet, Lam Research, Regeneron, Learning Technologies (UK) - went through big drawdowns but their business outlooks still looked okay so I held on. Usually and luckily for me, the multi-baggers (+100% returns) offset the laggards but you have to risk drawdowns, in a diversified portfolio, to get your multi-baggers. However, this assumes you know the ins and outs of the company you bought: this is what I got wrong with SelectQuote as I didn't factor in that their rapid revenue and earnings growth involved a bit of accounting gimmickery.

That's why I recommend index funds (I have almost half of my investing funds in indexes and it arguably should be a higher proportion) as it's difficult to acquire market-beating knowledge of these companies. It's difficult for professionals, never mind us retail investors.

But to get outperformance from stock picking, if you insist on picking stocks, you have to be prepared to ride out some gut-wrenching fluctuations as long as you are satisfied you are in the right company.

afroxyz:


They said they are not accepring cards from Nigeria again. Guess its by wire transfer now

Use Skrill...
Its working...

The big guys are now following trends......... Traditional ways are been dumped........

Kennyking1234:
finally broke the 100 dollar barrier today. 1000 next. Thanks everyone.

Corresponding investments is the only way that $1000 target would be achieved........

Except you are extremely lucky......

You might have to invest about £10000+ with a bit of luck + pump & dump........ You would hit your target.....

Any Gme holder here?

Lexusgs430:




Corresponding investments is the only way that $1000 target would be achieved........

Except you are extremely lucky......

You might have to invest about £10000+ with a bit of luck + pump & dump........ You would hit your target.....

lol I got 1600% in dodge coin. The stock I am heavily invested in, is expecting fda approval would likely short squeeze.

Kennyking1234:
lol I got 1600% in dodge coin. The stock I am heavily invested in, is expecting fda approval would likely short squeeze.

Easily achievable in the coins world, within a short period...... But this a stock/shares thread........

Lexusgs430:




Easily achievable in the coins world, within a short period...... But this a stock/shares thread........

it happens everwhere. Check out GME performance this year. and also $sens

Agen is also doing remarkable well, got it at less than $3 per share now did over 100%

4Play:


The problem with stop losses is that you are eventually going to be worn down as you get stopped out of a position, buy another and watch your new position underperform the old one. Not to mention the transaction costs as you jump from one stock to another. Activity is often the enemy of outperformance in investing.

My view is that if you are investing in stocks, to get the best out of your hopefully diversified portfolio, you have to run the risk of huge drawdowns. Some of the best stock returns for me presently - Fortinet, Lam Research, Regeneron, Learning Technologies (UK) - went through big drawdowns but their business outlooks still looked okay so I held on. Usually and luckily for me, the multi-baggers (+100% returns) offset the laggards but you have to risk drawdowns, in a diversified portfolio, to get your multi-baggers. However, this assumes you know the ins and outs of the company you bought: this is what I got wrong with SelectQuote as I didn't factor in that their rapid revenue and earnings growth involved a bit of accounting gimmickery.

That's why I recommend index funds (I have almost half of my investing funds in indexes and it arguably should be a higher proportion) as it's difficult to acquire market-beating knowledge of these companies. It's difficult for professionals, never mind us retail investors.

But to get outperformance from stock picking, if you insist on picking stocks, you have to be prepared to ride out some gut-wrenching fluctuations as long as you are satisfied you are in the right company.

Index funds on bamboo? Is it available on bamboo?