Penboy:


Yeaah..
It is going from your end?

Yes

SetrakusRa:


Yes

It has very bad reviews on playstore

How long have you been using it

Capitas7:

First, I must say that I'm learning, so nothing unique about my strategy that might be new to you.

1. My strategy
I wish I could give a short and direct answer. I am more of an investor than a trader, so I go for value and growth stocks.
The pensions and life savings of hardworking Americans are in most of the ETFs, and if you check their charts, many of them have maintained higher highs perpetually breaking the ceiling regardless of the many cycles of bull or bear that the market has experienced. So these fund managers are doing something right, and one thing I found that they do right is objective fundamental analysis.
So basically, I check every metric that I know. I start with free cash flow, earnings growth, retained earnings, projected growth, among others.

2. Entry price
I used to estimate the intrinsic value and compare it to current price to see how much room the stock has to grow in price, but I have since stopped using that because there is usually a lot of divergence between intrinsic value add price that may never close up. The intrinsic value of growth stocks is difficultand subjective to calculate. The DCF approach also requires using future cash flows predicted by the sharks of Wall Street who have their own motives.
Once the basic and derived metrics check out for a company, I wait for cyclical lows for entry opportunities. A friend enters APPLE every year with huge capital, and makes roughly nothing less than 30% by just flowing with the cycle.

3. Exit strategy
I am poor at this. My kinds of stocks also make me not to worry too much about exit price. Intel was giving decent dividends when I exit it over a year ago partially bevause of the resons in my nect post. Warren Buffett has been keeping and increasing his position in APPLE, AMEX, BAC for decades, and has never lost his title.

Summary: I am learning just like most, but I have developed an approach to the market that insures the return of my money and still gives me comfortable return on my money.

The resources I value are: financial statement, earnings guidance, macroeconomic news, consumer sentiments and behavior, market appeal of the company of interest, etc. Great books discuss these in details.

Thanks very very much for taking your time to explain this to me.
Really appreciate.
About the books, can you list some for me to go through?
Thanks

Capitas7:


I agree with you on the likely reason for low turnout on this forum. Paid subscription tends to be a fair way if making money if it is not forced, or advertisements not made to sound like "you can never do well at this unless you pay us to teach you or do it for you".
I think you will do very fine trading foreign stocks. Your experience with the local stocks market and your kind of questions are the important ingredients.

Thanks very much for the compliment.
I am trying and will keep trying my best.

yok:
MARKET IS STARTING ON A DULL NOTE TODAY- BUT LIKE THE BEHAVIOUR IN THE LAST 3 DAYS LIKELY TO PICK UP LATER IN THE DAY

It is the one we told our member we bought (we bought, not that we tell them to buy, so for us this is high conviction trade). Yes we bought this bitcoin stock yesterday, talk of any chart pattern (double bottom, demand zone, Fibonacci retracement it is there etc). We kept our stop loss at 8% here. If this trade fails (it is a possibility), then something fundamental may not be right with the stock.

- Oil stocks are good, but we will not chase any of them, we want to buy around 50% daily RSI level.

______________________________
Market as at today 20 March 2024 going as planned.
We let our stocks do thier things.

As a pioneer of this forum, we have a good plan for visitors here. But we do not want to talk before we act, we will unfold our plans in practice soon. Like I tell people our system is for our internal use. For those in our caucus, we are revealing our system to them little by little. I can say that I subscribe in the past to barchart/other services too in the past. So if I am no giving free info, except when I feel so, I am not guilty. Getting goid trades takes time, even sometime you get lost in research process.

yok:
MARKET IS STARTING ON A DULL NOTE TODAY- BUT LIKE THE BEHAVIOUR IN THE LAST 3 DAYS LIKELY TO PICK UP LATER IN THE DAY

[quote author=yok post=129017487]MARKET IS STARTING ON A DULL NOTE TODAY- BUT LIKE THE BEHAVIOUR IN THE LAST 3 DAYS LIKELY TO PICK UP LATER IN THE DAY

It is the one we told our member we bought (we bought, not that we tell them to buy, so for us this is high conviction trade). Yes we bought this bitcoin stock yesterday, talk of any chart pattern (double bottom, demand zone, Fibonacci retracement it is there etc). We kept our stop loss at 8% here. If this trade fails (it is a possibility), then something fundamental may not be right with the stock.

- Oil stocks are good, but we will not chase any of them, we want to buy around 50% daily RSI level.

______________________________
Market as at today 20 March 2024 going as planned.
We let our stocks do thier things.

As a pioneer of this forum, we have a good plan for visitors here. But we do not want to talk before we act, we will unfold our plans in practice soon. Like I tell people our system is for our internal use. For those in our caucus, we are revealing our system to them little by little. I can say that I subscribe in the past to barchart/other services too in the past. So if I am no giving free info, except when I feel so, I am not guilty. Getting good trades takes time, even sometimes you get lost in research process.

Powell decision not to cut rate again after the FOMC meeting. Interesting times ahead. He really want to get inflation under 2 percent. Crazy times.

Penboy:
Powell decision not to cut rate again after the FOMC meeting. Interesting times ahead. He really want to get inflation under 2 percent. Crazy times.

Please we are no jokers here. Do not give fake news. This place is for serious investors.

We can all check: https://www.investing.com

yok:

Please we are no jokers here. Do not give fake news. This place is for serious investors.

We can all check: https://www.investing.com

Lolz.
There was no rate cut after the meeting sir. There's still possibility in the future. But not after this meeting.

yok:

Please we are no jokers here. Do not give fake news. This place is for serious investors.

We can all check: https://www.investing.com

Even the document you posted said rate was unchanged.

ON THE RATE CUT ISSUE
Please let us follow up the market and check both sides of things so that we do not scare ourselves out of the market.

If we have been following issues closely we will know that rate cut is not expected immediately. However, the rate cut agenda is on the table. We not not need any debate, all we need to do is flow with the market. The AGAIN, in the 1st information on rate cut is the culprit here.

Actually, we are all interested in this inflation matter and we know FED has a tough job at hand and just like all the world rose against inflation surge in the past, such collaboration may be necessary again, especially now that Russia has escaped all the sanctions put on their part to ensure rise in energy prices are curtailed. Let us be watching how the FED will tame this inflation in the face of rising energy prices.

However, going forward, the RATE CUT AGENDA is still on and ALIVE (actually it is a major driver of the bullish expectation in this market). So, if you hear that FED is abandoning rate cut, let us move our trades to the sell side.

FOR TODAY EXCEPT SOMETING UNEXPECTED HAPPENS, LET US LOOK FORWARD TO ANOTHER BULLISH DAY

Wishing all tge best. THIS MARKET MUST PUT MONEY IN OUR POCKET THIS YEAR

Penboy:


I think the main reason is people do not know what platform to use and trade foreign stocks. Most interesting platforms don't even accept Nigerians anymore.

That's quite sad; you made a great point boss.

Capitas7:

That's quite sad; you made a great point boss.

It is well boss.

emmaodet:


Thanks very very much for taking your time to explain this to me.
Really appreciate.
About the books, can you list some for me to go through?
Thanks

It is a pleasure boss, and I am glad you found it relevant.
1. Ordinary people, extraordinary wealth - Ric Edelman
2. The little book about value investing - Christopher Browne
3. The five rules of successful stock investing - Pat Dorsey

1 and 3 were recommended by DrAwo on the NGX thread, and I learnt a lot from both.

I like the connection between Graham's ideas and those of his "followers" and I think this connection forms the basis of why Warren Buffett and most of the authors of value investing books tend to have very similar approaches. Christopher Browne shared the details of how his father's co-owned firm was on the same block as Graham's on Wall street. He mentioned in some of his statements that he bought (as a broker) stocks for many of Graham's past students, and he observed their consistent pattern of buying undervalued stocks. He also mentioned about how he bought (again as a broker) Berkshire Herthaway shares for Warren Buffett in the late 60's.

The Berkshire shares being accummulated by Warren around $25 in 1969 are now traded at around $600,000 today. That is the kind of wealth that the US market offers. There are opportunities to make money, but even more opportunities to build wealth. We choose which one we want. Cars selling for $2500-4400 back then are now selling for $30,000-60,000, so the then $25 is arguably worth $400 today at worst.

I remember doing some homework on Micron towards the end of 2022 and sharing with a good friend how I wanted to accumulate the stocks between $58-65. I did buy in tranches till my BE was $62. Poor quaterly results doubled with the performance of the sector made me sell all, to buy in another sector. I needed little patience, more believe in my judgements. What I was also yet to learn were:
1. How to decipher when one-off bad results do not harm the prospects of a company

2. How flexibly undervalued companies can fluctuate in price to shake off impatient investors.

3. Even when cutting losses, one should continue to reevaluate the company. Never stay away from accompany you once saw as undervalued.

4. Selling one to buy another is not always a good call. One sometimes needs extra cash for new opportunities - as you build your portfolio, also build your "waiting cash".

Micron has been selling for $90+ until yesterday when it rose to $113. No serious regrets - I am happy I identified a good company, and I am happy I learnt a lot of lessons from my mistake.

Capitas7:

It is a pleasure boss, and I am glad you found it relevant.
1. Ordinary people, extraordinary wealth - Ric Edelman
2. The little book about value investing - Christopher Browne
3. The five rules of successful stock investing - Pat Dorsey

1 and 3 were recommended by DrAwo on the NGX thread, and I learnt a lot from both.

I like the connection between Graham's ideas and those of his "followers" and I think this connection forms the basis of why Warren Buffett and most of the authors of value investing books tend to have very similar approaches. Christopher Browne shared the details of how his father's co-owned firm was on the same block as Graham's on Wall street. He mentioned in some of his statements that he bought (as a broker) stocks for many of Graham's past students, and he observed their consistent pattern of buying undervalued stocks. He also mentioned about how he bought (again as a broker) Berkshire Herthaway shares for Warren Buffett in the late 60's.

Thanks very much bro.
I will go through those books and read them thoroughly.
Thanks

emmaodet:


Thanks very much bro.
I will go through those books and read them thoroughly.
Thanks

You are welcome bro!
Please enjoy reading them.

Capitas7:
The Berkshire shares being accummulated by Warren around $25 in 1969 are now traded at around $600,000 today. That is the kind of wealth that the US market offers. There are opportunities to make money, but even more opportunities to build wealth. We choose which one we want. Cars selling for $2500-4400 back then are now selling for $30,000-60,000, so the then $25 is arguably worth $400 today at worst.

I remember doing some homework on Micron towards the end of 2022 and sharing with a good friend how I wanted to accumulate the stocks between $58-65. I did buy in tranches till my BE was $62. Poor quaterly results doubled with the performance of the sector made me sell all, to buy in another sector. I needed little patience, more believe in my judgements. What I was also yet to learn were:
1. How to decipher when one-off bad results do not harm the prospects of a company

2. How flexibly undervalued companies can fluctuate in price to shake off impatient investors.

3. Even when cutting losses, one should continue to reevaluate the company. Never stay away from accompany you once saw as undervalued.

4. Selling one to buy another is not always a good call. One sometimes needs extra cash for new opportunities - as you build your portfolio, also build your "waiting cash".

Micron has been selling for $90+ until yesterday when it rose to $113. No serious regrets - I am happy I identified a good company, and I am happy I learnt a lot of lessons from my mistake.

Everyone has a lesson or two to learn from the US stock market bro. And learning from your experience is also what adds to our knowledge and sharpens our skill in the market.

Like it is commonly said, time in the market is greater than timing the market. In 2022, I also own NVIDIA and AMD in my portfolio. Got in AMD around lower than 80 and NVIDIA around 260 or so. Then the rate hikes killed the market.

Funny thing is INVIDA came to us around 90 USD and many of us were still scared to go in. Look at NVIDIA today.

Anyways, lesson learnt. If you identify a solid company and the dynamics of the company hasn't changed, please hold an average down for any dip. I bet you, the stock will rise again.

Notable examples of stocks I own that did that.
1. $OSCR
2. $DAKT

emmaodet:


Thanks very much bro.
I will go through those books and read them thoroughly.
Thanks

Ps.
You can also add good podcasts in addition to those books. You can download Google podcast or Spotify.

Search for "HALF TIME REPORT CNBC"
"FAST MONEY" CNBC

You'll keep abreast with recent happenings and analysis in Wallstreet.

Capitas7:
The Berkshire shares being accummulated by Warren around $25 in 1969 are now traded at around $600,000 today. That is the kind of wealth that the US market offers. There are opportunities to make money, but even more opportunities to build wealth. We choose which one we want. Cars selling for $2500-4400 back then are now selling for $30,000-60,000, so the then $25 is arguably worth $400 today at worst.

I remember doing some homework on Micron towards the end of 2022 and sharing with a good friend how I wanted to accumulate the stocks between $58-65. I did buy in tranches till my BE was $62. Poor quaterly results doubled with the performance of the sector made me sell all, to buy in another sector. I needed little patience, more believe in my judgements. What I was also yet to learn were:
1. How to decipher when one-off bad results do not harm the prospects of a company

2. How flexibly undervalued companies can fluctuate in price to shake off impatient investors.

3. Even when cutting losses, one should continue to reevaluate the company. Never stay away from accompany you once saw as undervalued.

4. Selling one to buy another is not always a good call. One sometimes needs extra cash for new opportunities - as you build your portfolio, also build your "waiting cash".

Micron has been selling for $90+ until yesterday when it rose to $113. No serious regrets - I am happy I identified a good company, and I am happy I learnt a lot of lessons from my mistake.

Have you looked at TSM? What are ur thoughts On it

Penboy:


Ps.
You can also add good podcasts in addition to those books. You can download Google podcast or Spotify.

Search for "HALF TIME REPORT CNBC"
"FAST MONEY" CNBC

You'll keep abreast with recent happenings and analysis in Wallstreet.

Ohhhh, thanks very much Penboy.
I really appreciate.
I will do that toi

MARKET NOT TOO BAD TODAY THURSDAY 21 MARCH
Rally continued, but in fewer stocks compare with WEDNESDAY. Somehow, the Gold future did well, but effect not see in must GOLD stocks were not positively affected, this is like today most traders were interested in profit taking!!! That is the handwriting on the wall. While the contray applied to the blockchain stocks.

For now, our experience is making me not to have a favorite stock, I am not day trading, I am basically a swing trader. So, going further, interest in holding stocks for more than 2 to 3 weeks at most seems to be out of my consideration (if you watch the people we use as standards only few hold stock for more than 2 weeks, at Least I say example in Perry Kaufman). To assist in this, we now rely on our scanners to give us stocks to trade, so we do not want yo be emotionally attached to any stock (just like I pointed out, if it was before, I would have nevers sold TRMD at a time, now I have sold SMCI twice, taking away my profit when they were falling and then comming back at the appropriate time, this is one 9f the things one will learn from the experts). And getting good entry points for is is no big deal, our indicators are good (we even have some that we're eloped by crocket scientists, yet our entry has some quality of rocket science, but simplified, at a glance I can know is to buy of sell, 2 minutes is okay).
.
So, long story short, we bought MSTR today and sold SOUN. The 2 stock still remains on our watchlist though. And we have another stock lined up for buy "C _ _", our caucus members can fill the gap.

Happy investing to all. We look forward to start pulling some money out of the market soon. Why, after hard work, we shokd enjoy some of the money of course!!!
. And like I use to say on NSEMPA[b], the market is not a bank, at some point we need to take away our cash or stay on the sideline.
[/b]

Penboy:


Everyone has a lesson or two to learn from the US stock market bro. And learning from your experience is also what adds to our knowledge and sharpens our skill in the market.

Like it is commonly said, time in the market is greater than timing the market. In 2022, I also own NVIDIA and AMD in my portfolio. Got in AMD around lower than 80 and NVIDIA around 260 or so. Then the rate hikes killed the market.

Funny thing is INVIDA came to us around 90 USD and many of us were still scared to go in. Look at NVIDIA today.

Anyways, lesson learnt. If you identify a solid company and the dynamics of the company hasn't changed, please hold an average down for any dip. I bet you, the stock will rise again.

Notable examples of stocks I own that did that.
1. $OSCR
2. $DAKT

Very well said bro! I'm happy for you on those two winners too. You are sitting on a huge profit.
I enjoyed averaging down on some decent company stocks when I had accounts with brokers that allowed fractional shares. I had to close those accounts because the investors/traders never "owned" the shares. We were just custodians, if that's the right way to put it - and that does not align with my investment objectives.

Thank you for sharing your experience and views bro. Healthy conversations make us all better - nobody can flourish as an island.

Stan2330:

Have you looked at TSM? What are ur thoughts On it

I am not sure if you are just seeking a second opinion after you've seen a green light, or you are at a point of making a decision to buy or sell. I also do not know if you tend more towards investing or trading, but here are my thoughts:

Positives:
1. Good growth company.
2. Sector will continue to receive investors' and traders' attention for quite a long time.
3. Positive economic indicators (inflation, interest rates etc) boost sales within the sector. The gradual recovery is being seen already

Caution factors:
1. Political factors favor AMD, than TSM because of country of origin/founding. Sadly, this sentiment affects the stock prices of companies from Chinko countries.
2. Even INTC within the same space/subsector is often said to be receiving government backing (this is a very complicated statement, but I come across this information a lot even in conversations).
3. As many stocks within the tech space are releasing encouraging results and experiencing price increases, it is difficult to know which one has more room for capital appreciation in comparison to others.

Investing take: I just took a quick peep just to get an overview. A proper analysis might require digging further into financial statements, history, management and recent changes, most recent guidance, etc.

Trading: I know next to nothing in this domain, but I think there's good potentials of some gains.

Capitas7:


Very well said bro! I'm happy for you on those two winners too. You are sitting on a huge profit.
I enjoyed averaging down on some decent company stocks when I had accounts with brokers that allowed fractional shares. I had to close those accounts because the investors/traders never "owned" the shares. We were just custodians, if that's the right way to put it - and that does not align with my investment objectives.

Thank you for sharing your experience and views bro. Healthy conversations make us all better - nobody can flourish as an island.

Really?
Can you share such platforms please? Just in case some of us use them to be weary.

MARKET LOOKING TOUGH TODAY
Today we are not buying anything. Also our positions are not threatened, so nothing to sell.

We hope Monday will be better. There is no big news next week that can be scary. GDP on Thursday and CPE on Friday, no big deal, GDP should be okay, CPE may not be too good (but no damage is expected to the uptrend)

aremso:
Just having feelings

FOXO Technologies will have a massive run up


Not investment advice

Your DD

Zagee:


The channel is closing-in for a breakout again. I think I'm beginning to understand how you make your picks . Not yet 100% sure, but getting close to 50

Oga aremso, breakout out is +ve. 16% during close and 25% after close of business.
Ahead of nextweek. See you Monday 🙂

Zagee:




Oga aremso, breakout out is +ve. 16% during close and 25% after close of business.
Ahead of nextweek. See you Monday 🙂

Nice call on FOXO.

I played it with small money.
But I'm up 17 percent already!

This is the beauty of this page.
Let's grow together!

But only risk what you can afford to lose on speculation and Gamble plays.

I'm also gamble playing
$TOPS

This stock usually have a massive upside move in a year. I'm waiting for it.

Penboy:


Nice call on FOXO.

I played it with small money.
But I'm up 17 percent already!

If not for the bamboo 1 dollar commission, I would have been flipping this for a while now.

Cannabis sector looks like its back in play though.

Due diligence is adviced.

Zagee:


If not for the bamboo 1 dollar commission, I would have been flipping this for a while now.

Cannabis sector looks like its back in play though.

Due diligence is adviced.

Yes o.
I see fire in that sector!

So we've not still seen any commission less platform that Nigerians can use?!

Terrible sha.