₦airaland Forum

had an eye on Tesla ever since it stock split so I bought $7 worth today for long term

Ajibade123:
had an eye on Tesla ever since it stock split
so I bought $7 worth today for long term

Congratulations

IyaTola:
Congratulations

what do you think?

CONCERNING APPROPRIATE AMOUNT TO TRADE WITH
We should first of all decide what we want as our objective. If we do not less than $100 to start, I may suggest that we wait. The reason is that since most platforms are charging commission, any amount less than between $66 and 100 will loon small and we will not be risk conscious. Firr example if I have 10% gain on $7, I will say 70centa is small, I will leave the money in my account and still be holding the shares. If the account suffered a 20% loss, I 2ill say, OK money I have is just small. I will ignore it and leave money there.

Unfortunately, the money can depreciate by 90% without me knowing and then the loss become unrecoverable. So if you cannot invest $100 wait. Another alternative will be, invest the money in QYLD stock and be collecting your 10%annual dividend yield on monthly basis, the value of your capital may go down, but you are sure not to loose your money totally.

Actually what opened my eyes to this is the introduction of commission by Passfolio, now I cannot spread 10.20, 7, 8 here and there and forget. I buy one stock that I am sure that 8% gain is $8 and I sell real use my profit. From the book we are reading we will observe that 4% gain on stocks are regarded as big by the writers, 4% on $10,000 is $400. So if we are not ready to trade with $100 or abve just buy CRF, CLM, QYLD, SLVO (funds are managed by Professionals and reliable institutions, for example SLVO is from Credit Swiss Bank etc be satisfied with your constant monthly dividend. If you have over $100, subscribe to a good signal service (they are cheap, about $4 per month), and you will see your account improving. This is just the frank advice.

If you want to start buying HUSA and all those biotechs that showed 30% gain in one day and lose 50% the following day, you will just see that your money will disappear fast, that is the reason this forum is sometime deserted by the people that started with great optimism, but cannot show up here again.

I can assure you that this stock investing is better than forex (no dividend, you lose all your money is gone). But for QYLD, CLM etc, your dividends monthly are like guaranteed, although you may not see capital appreciation (but know whom you take advise from so that you do not buy stock that will pay dividend once and will not pay for the next 5yrs and your stock keeps depreciating in value).

This is the truth. .

TODAY IS BATTLE ROYALE- BULLS VS. BEARS
The bulls are struggling to hold the bears at bay. Yesterday's loss was rather big. I did not even notice it until the market was over. More so, I took my loss on good faith.

Today we are relaxing, no new trade except a miracle happens. Miracle can happen if my defender or one of my bearish hedge (inverse gold ETF) suddenly gain like 10%, waooo, I will just take the money to add to the plan I had on ground (our members are aware) and I am sure I will shout hallelujah thereafter.

I always feel bad when I miss an opportunity or when I make mistake, mistake cost us money. Our trading platforms are like Police, the Police is your friend, but we pray not to have any reason to visit the station. I place a limit order to buy and after 30 minutes, I have to change to market order (you see theoretically limit orders are the best, but my platform forced me to pay that they will show me quote without delay, but it seems what I was beign showed is still delayed!!! This delay thing is why day trading for a small Guy will be difficult, Big day traders pay for datafeed, they don't rely on their broker/trading platform data.

Okay we see after market close.

US should stop spreading their inflation problem around, how can US have negative inflation data and the whole stockmarket (Europe, Asia, South American etc will just go down) will go down because of US, looks somehow. Even Nigeria of all Countries have to pay homage to UD date by suffering a loss today

Okay we are playing inverse for now at least for the next 3 to 4 days.

@yok this is a good write up,the 10% annual dividend paid monthly, will it not amout to less than 1% per month.having said that,every stock has it's highest and lowest in the market,i think traders should buy into a company when it's shares has lost a considerable share price during the bearish periods and wait patiently for the bullish run to pick gains unfortunately,most traders just buy without carrying out research there by getting their fingers burnt.

sirBLUNT:
Pls house I have 15k what will you advise I invest in

15k naira or dollars?

yok:
CONCERNING APPROPRIATE AMOUNT TO TRADE WITH
We should first of all decide what we want as our objective. If we do not less than $100 to start, I may suggest that we wait. The reason is that since most platforms are charging commission, any amount less than between $66 and 100 will loon small and we will not be risk conscious. Firr example if I have 10% gain on $7, I will say 70centa is small, I will leave the money in my account and still be holding the shares. If the account suffered a 20% loss, I 2ill say, OK money I have is just small. I will ignore it and leave money there.

Unfortunately, the money can depreciate by 90% without me knowing and then the loss become unrecoverable. So if you cannot invest $100 wait. Another alternative will be, invest the money in QYLD stock and be collecting your 10%annual dividend yield on monthly basis, the value of your capital may go down, but you are sure not to loose your money totally.

Actually what opened my eyes to this is the introduction of commission by Passfolio, now I cannot spread 10.20, 7, 8 here and there and forget. I buy one stock that I am sure that 8% gain is $8 and I sell real use my profit. From the book we are reading we will observe that 4% gain on stocks are regarded as big by the writers, 4% on $10,000 is $400. So if we are not ready to trade with $100 or abve just buy CRF, CLM, QYLD, SLVO (funds are managed by Professionals and reliable institutions, for example SLVO is from Credit Swiss Bank etc be satisfied with your constant monthly dividend. If you have over $100, subscribe to a good signal service (they are cheap, about $4 per month), and you will see your account improving. This is just the frank advice.

If you want to start buying HUSA and all those biotechs that showed 30% gain in one day and lose 50% the following day, you will just see that your money will disappear fast, that is the reason this forum is sometime deserted by the people that started with great optimism, but cannot show up here again.

I can assure you that this stock investing is better than forex (no dividend, you lose all your money is gone). But for QYLD, CLM etc, your dividends monthly are like guaranteed, although you may not see capital appreciation (but know whom you take advise from so that you do not buy stock that will pay dividend once and will not pay for the next 5yrs and your stock keeps depreciating in value).

This is the truth. .

Why someone like me prefer forex to stocks trading is the appeal of leverage(though a two edged sword). Stocks would make more sense provided you have a lot of equity to start with. How would one raise at least 1000 to 10000 dols in this economy and fund an account like passfolio, Chaka, trove,.. that do not have any regulatory company here in Nigeria? And then considering the charges on a paltry 100dols would almost swallow the potential profit, provided you can guarantee capital appreciation via short trading. Stocks trading is better but has safety concerns here in Nigeria. My personal opinion though.

seyisanya:
15k naira or dollars?

naira sir

Pls my Ogas, can you recommend the best stocks trading broker in the UK for Nigeria with a UK residence permit

THE ARE SOME STOCKS ON OUR WATCHLIST
The market for this week is tough one, for us, we have finished our work for the week (all trades to be taken for the week already planned and arounf Tuesday, we would be ready to take more trades). But if you have a good trading system, anytime is a game time.

Buy shop on close above 33 83
Buy AMC on close above 9.92
Buy VERU on price crossing above 15.77
Buy FSR

Let us see how these stocks will do. Or we better keep this list till after Wednesday next week.

There is a stock that did what I have never seen in my combined 24 years in the Nigerian and US stock market some months back, rallying from under $100 to a high of $2,000/share before collapsing.

It looks like some market gang has revisited the stock yesterday and a similar gyration is about to happen.
I have watched the little I picked yesterday do 200% after it closed over 297% yesterday.

If you want to watch it today and take your own share of the risk/reward keep an eye on it.

It closed at $187 yesterday.
The name is $HKD.
The good news is that it is on Trove app.
You are responsible for your actions in the market.
No fundamental reason, only technical signals can explain this stock.
Do your due diligence.
Good luck and let us know if you had your slice of profit.

WE NEED TO HAVE AT LEAST 2 TRADING ACCOUNT AND BOTH MUST NOT BE LOCAL PLATFORMS
Our local platforms continue to be big letdown.

Why must it be a Customer that will call them and tell them the Platform is not working?

I am wondering if some of the founders have ever done serious trading before?

Below is message from Chaka today. How can one rely on platforms like this, especially those of us that want to do day trading, it is nearly impossible. I am short of words.

These APPS need to understand that people ready to deposit more money in their accounts, but with epileptic service delivery I sat shame on these platforms. We are lookibg to the time FUTU, Robinhood etc will have a Nigeria Partner.

My ordinary charting platform (definitely abroad), was down for few hour over the weekend (1st since I have been using them for about 2 years), the issue was resolved in just some few hours. This is how service should be!!!

Our Nigerian APP need to learn that this business is a viable one, the money is here (recently say advert that a bitcoin APP has been given some dollars again). These trading platforms should just sell themselves to the likes of Fluterware, or all of the collapse to one company (I still believe all of them together will still be smaller than Passfolio) , maybe they will be able to do better then.
. As emphasized, the good thing is that our stocks are safe, once purchased as the final domiciliation is with DRIVEWEALTH.

CHAKA APP IS UP AGAIN
APP is back on line. We need to troll these people. Just like we used to do in the past, I will now be withdrawing from our account from time to time. Any APP that delay payments without reason will be reported promptly, so that we take note. We have to be our own watchdog.

sirBLUNT:
naira sir

I would advise you build up some funds before embarking on your investment journey. In my opinion, 15k naira is not sufficient to start investing in stocks.

seyisanya:
I would advise you build up some funds before embarking on your investment journey. In my opinion, 15k naira is not sufficient to start investing in stocks.

like how is okay for an investment?

yok:
WE NEED TO HAVE AT LEAST 2 TRADING ACCOUNT AND BOTH MUST NOT BE LOCAL PLATFORMS
Our local platforms continue to be big letdown.

Why must it be a Customer that will call them and tell them the Platform is not working?

I am wondering if some of the founders have ever done serious trading before?

Below is message from Chaka today. How can one rely on platforms like this, especially those of us that want to do day trading, it is nearly impossible. I am short of words.

These APPS need to understand that people ready to deposit more money in their accounts, but with epileptic service delivery I sat shame on these platforms. We are lookibg to the time FUTU, Robinhood etc will have a Nigeria Partner.

My ordinary charting platform (definitely abroad), was down for few hour over the weekend (1st since I have been using them for about 2 years), the issue was resolved in just some few hours. This is how service should be!!!

Our Nigerian APP need to learn that this business is a viable one, the money is here (recently say advert that a bitcoin APP has been given some dollars again). These trading platforms should just sell themselves to the likes of Fluterware, or all of the collapse to one company (I still believe all of them together will still be smaller than Passfolio) , maybe they will be able to do better then.
. As emphasized, the good thing is that our stocks are safe, once purchased as the final domiciliation is with DRIVEWEALTH.

You mean if anything should happen to All these apps, our stock would still be with drive wealth?
2)Why is passfolio no longer accepting new registrant

ONCE SHARES ARE BOUGHT FOR YOU BY CHAKA/TROVE AND CO- YOUR SHARES ARE SAFE AS THEY ARE NOT WITH CHAKA/TROVE AGAIN, BUT THERE IS A CAVEAT READ BELOW
Only unutilised cash can be at risk, once shares are bought and confirmed in your portfolio, you shares are safe with drivewealth.

But the caveat is on these fractional shares, your fractional shares may somehow create a problem, current rule is that fractional shares cannot be easily transfered to another broker and you may need to liquidate to cash. So to further secure our postion, we should avoid buying fractional shares as much as possible as moving them in the case the company behind the APP has issues (this is the big risk). I expect the local APPS to clarify this area (at least they use to read our posts in the past). So the solution to this risky fractional shares is for us to stop buying fractional shares as much as possible or only have accounts with platforms that are strong financially.

Passfolio is still accepting Nigerians, but your minimum deposit is now $25 equivalent, but to be frank $100 minimum should be our target to start trading Global stocks. Using small amounts is what the local APPs are capitalizing on to misbehave, as if you open account with $10equivalent, you may not care what happens to the money as you consider it to be small and with a small error as a beginning trader if you suffer a loss, the balance is your account becomes too small to do anything and you forget it on the platform (so please ignore all theses adverts that are telling you that you can start trading with 7000 Naira equivalent, it is just mere advert just to lure you to open account and the APP may now be using those long list of $10 client base to look for funding probably from Venture capital firms abroad!!! If this is the case, then too bad).

CAVEAT: For what I have stated above, official explanation from the APPS will be appreciated, but from my interaction on the platforms and trading at least 5 times a week consistently at the moment, the above are real facts, supported by official documents in most instances

A TIME LIKE THIS IS LIKE A TABLE SHAKING PERIOD FOR THE MARKET
I have been thinkibg of when is the right time to be in cash. Somehow a period like this may be the best. Our fear is that if we are are in cash we will miss opportunity to pick bottom reversals!!!

Agreed, but the stocks that I already have in the market, but have pulled back can pick the reversals for me. So except I easy a very easy trade, I hold whatever cash I have till the FOMC decision is out. We need to learn how not to gamble with our money?

The situation in the market is such that, the stocks that have gained are getting overbought and the one that are down are oversold, so any of them can bounce to the other side (like market is currently at an extreme). So we need a fresh trend, to be able to make good money

googl currently at 52 weeks low and in a double bottom pattern so I bought some with my last card

As the market continues to give, wisdom demands that you cherry-pick great stocks and keep them little by little.
Some blue chips were split and makes them appear affordable, and as with all splits of strong fundamental stocks, they will rise more easily than if they remained in their very expensive prices.
Amazon, Alphabet, Apple, Tesla fall in this category.
I picked some Tesla immediately after the August 2022 split and it has left the $277 it dropped to then, and is now $309.

Before it gets to $350 if you can, get a piece of that pie for the long term.

See technical details for those in love with technicals.

I actually got me some Apple, Alphabet and NIO this season all for the long term and will buy more should they come down further in any form of market slide.

Apple chart update below.

I think I will just stick to indexes (equities and bonds) for now

FOMC SEEMS TO HAVE GIVEN OUT ANOTHER INVITATION CARD TO THE BEAR - LET US SEE AS THE SITUATION UNFOLDS
I am not a friend of a bear market, it is a very painful period.

However, I wonder the people that are always trading in front of these big reports and earnings: doing this is like gambling!!! Better to wait till results/Reports are out and then we dance along with the rhythm of the market.

I can see that following along with the trend is good. It can enable us do proper swing trading. Now our strategy will tilt more to taking fewer trades plus incorporating more fundatals into our picks as every penny is becoming more valuable if we reside where we need to do some currency conversion to fund our accounts.

So, let us be careful during the bearish times, definitely some bullish time will show up again. Moral lesson for today is "trade with the trend", as retail traders attempt to pick bottoms will lead us to buying bad stocks most of the time, example is today, if it was my old self I would have bought TELL, but no, I want the big money to push stock into a trend, then I can join later. Also, I was not prepared for any market action until this Fed debacle is over. It is as if buying a blochain token at the moment is a taboo, nobody said do not buy, but seeing your account in red everyday is enough red-light. I am still monitoring the dividend paying stocks that have fallen heavily too, but their situation seems not to be improving (but we scan them everyday to see when they will wake up again).

FOMC SEEMS TO HAVE GIVEN OUT ANOTHER INVITATION CARD TO THE BEAR - LET US SEE AS THE SITUATION UNFOLDS
I am not a friend of a bear market, it is a very painful period.

However, I wonder the people that are always trading in front of these big reports and earnings: doing this is like gambling!!! Better to wait till results/Reports are out and then we dance along with the rhythm of the market.

I can see that following along with the trend is good. It can enable us do proper swing trading. Now our strategy will tilt more to taking fewer trades plus incorporating more fundatals into our picks as every penny is becoming more valuable if we reside where we need to do some currency conversion to fund our accounts.

So, let us be careful during the bearish times, definitely some bullish time will show up again. Moral lesson for today is "trade with the trend", as retail traders attempt to pick bottoms will lead us to buying bad stocks most of the time, example is today, if it was my old self I would have bought TELL, but no, I want the big money to push stock into a trend, then I can join later. Also, I was not prepared for any market action until this Fed debacle is over. It is as if buying a blochain token at the moment is a taboo, nobody said do not buy, but seeing your account in red everyday is enough red-light. I am still monitoring the dividend paying stocks that have fallen heavily too, but their situation seems not to be improving (but we scan them everyday to see when they will wake up again).

THIS TRADING IS SERIOUS BUSINESS
If we have a serious business, we need to give it all it takes.

We cannot afford detractions. We need full concentration. Just because of worry over the fact that I have to take some small losses, I was disorganized. However, I have gotten over this and immediately I can see myself flowing with the market at the moment. However, my recovery could not have been possible without a good trading system.

Today we took some trades, which I can call textbook pattern, it was perfect execution. Thanks to out trading plan blueprint. Again, this is why I tell people, you need a trading system, we can give you the best stocks (yes be assured we would, as our stock undergo a lot of screening), but without a system of your own, knowing a good entry time may be a problem. I was a subscriber to barchart.com service at one time, but all the signals sent to me, I ended up messing them up as by the time I received them, the entry points are no more on my chart? But now, I know better that when I get signals I will pick the best out of them with my system even when market condition changes at time of execution.

Leu us stay safe in this turbulence market. Also, LEARN TO PLAY ON THE INVERSE SIDE, i[b]. e do some Shorting[/b]. you can short with inverse ETF even with your NGN7000 equivalent (let us be using Naira as much as possible so that people will not thing we are using dollars, this is a coded message, we don't want to attract attention, realy we are trading with Naira!!! )

I really want to use this opportunity to appreciate and ask God to bless everyone on this forum who contributed to my getting back in good health. Omo words can't explain how I have been from last week Friday till today. For the first time in several months I can sleep comfortably without waking up and having to cry all night just because of the unbearable pains in my eyes.

Although the sight in the eye has totally been lost I'm really hoping and praying for a miracle from God. I pray God almighty to replenish the works of your hands in Jesus mighty name amen.

WE NEED TO BE WHERE THE ACTION IS- MARKER WILL ALWAYS TEACH THE UNINITIATED A TERRIBLE LESSON
In our group today, we shared something that tols us the bears have taken over. Unfortunately, I have been reading investments books for so long and I have never come across this vital tool. For our members, they should learn how to use that chart I sent for the stock recommendation. For today. On my side it worked like magic, you know remember that my heading stock?

For whoever is interested on if our stock picks for today is TZA. This is a 2 edged sword, you know how to use it you make profit. For this stock just be buying and selling it once a week of every 3- 3 days and see some profit in your portfolio. If you are interest in more direction of how to use this prescription (it is like 1 table every 3 days, is that not medicine, and this is for trading the market).. Then if this does not deliver profit, you know what to do. Send a message to the Doctor of the market!!!

For our member more revelation are coming, just continue to follow us.

GOD BLESS THIS FORUM, GOD BLESS THE FOUNDER OF THIS FORUM (I [b]CALL HIM THE "GO" ). GOD BLESS CHAKA & CO, FOR TROVE, GOD BLESS THEM TOO (BUT I HOPE THEY REALIZE THEY ARE MESSING UP BIG TIME) [/b] AND FOR PASSFOLIO MORE GREEZ TO THEIR ELBOW WILL LOOK FOR IMROVED PERFORMANCE (AT LEAST YOU HAVE SHOWN YOURSELF TO BE ABOVE AVERAGE) [/b]

THE MARKET IS TELLING US" NA MUMU GO BUY STOCKS AGRESSIVELY AT A TIME LIKE THIS"

Please do not show yourself to be a mumu. If you do not know how to play on the short side or used inverse ETFs, just stay away from the market if you value your money!!!

For us we see a good opportunity to use inverse ETFs to protect our postions. Without using an inverse as an edge we can see our portfolio draining away. The interesting thing about inverse is that it is not easy to understand without proper guidiance and we are ready to be your guide.

We look forward to see some gains in our portfolio by the end of this new week.

For our members, we just continue to play our old game ( but you will get full gist of strategy 0lus better picks ). what is here is just for the general puplic or the people that want free stuff and you know the quality cannot be same. Stock we are looking at PSQ

We would still buy the stocks that have fallen in prices, but will only do it at the right time. This is a time to hedge our current postions in the market to avoid wipeout

FOR THE MARKET- FROM NOW AND REST 9F THE WEEK J- A LOT OF FED REPRESENTATIVES WOULD BE SPEAKING

In a situation like this we want to stay out of the market. So for the rest of this week, we will assume we are on vacation. But we are monitoring our trades in market.