Alexandre7:


Do you have a mechanism of picking your stocks for short term plays?

I'm planning on making some short term plays with penny stocks but want to do my due diligence first.

I'm mostly buying on market order, but with time I'll become used to limit order, stop-loss order.

Taking it gradually one at a time so as not to confuse myself.

I use S&P Capital IQ (because I have free access to it), Yahoo Finance, Simply Wall St, and finviz (especially for charts) to get info.

What I’m looking for are high volume, price, moderate price-earnings multiple, positive insider transactions (could signal the true value of the stock), the chart patterns to spot resistance and support in order to guess the price to enter or sell via limit order, etc.

Finviz really helps to screen based on some criteria. With time I’d subscribe to gold membership on Robinhood to have access to level II data. I have a Fidelity account too, although I haven’t used them to trade, but they have more good info.

I would love to hear the thoughts of experienced traders in the house on this.

OakPearl:




So in keeping with my promise to hint, I have seen from my "Dark Room" (if you remember how photographers washed pictures taken years back) that this may be the right time for some ETF plays.

Am buying these plays today UVXY (38.40) and SQQQ ($10.99).
They can be very volatile and are for very short term.

arduino:

Just entered SQQQ today

With the sudden turn of events following Jerome Powell’s television interview and Moderna’s exciting vaccine news yesterday, the market could be moving higher from here.

Consequently, I advise that it is wiser to exit bearish ETF plays for now and reinvest in more promising stocks.

Remaining in ETF's may require a longer than expected time frame instead of short term profits as anticipated.
Exiting today.

DreManuel:



I use S&P Capital IQ (because I have free access to it), Yahoo Finance, Simply Wall St, and finviz (especially for charts) to get info.

What I’m looking for are high volume, price, moderate price-earnings multiple, positive insider transactions (could signal the true value of the stock), the chart patterns to spot resistance and support in order to guess the price to enter or sell via limit order, etc.

Finviz really helps to screen based on some criteria. With time I’d subscribe to gold membership on Robinhood to have access to level II data. I have a Fidelity account too, although I haven’t used them to trade, but they have more good info.

I would love to hear the thoughts of experienced traders in the house on this.

You are equipped with some of the best tools that offers free content even without subscribing for their premium offers.
Finviz and yahoo finance are two very rich apps.

Good day All. Please how do you buy fractional shares on the apps (Trove, Bamboo, Chaka) practically. Is there somewhere you click or what?

OakPearl:




With the sudden turn of events following Jerome Powell’s television interview and Moderna’s exciting vaccine news yesterday, the market could be moving higher from here.

Consequently, I advise that it is wiser to exit bearish ETF plays for now and reinvest in more promising stocks.

Remaining in ETF's may require a longer than expected time frame instead of short term profits as anticipated.
Exiting today.

You're truly in the spirit. Immediately I heard of the Moderna's vaccine news, I sold off quickly with small hair cut sha.
I no come play for international markets.

arduino:

You're truly in the spirit. Immediately I heard of the Moderna's vaccine news, I sold off quickly with small hair cut sha.
I no come play for international markets.

Correct bro.
This is why one shouldn't take their eyes off the market.

Phraences:
Good day All. Please how do you buy fractional shares on the apps (Trove, Bamboo, Chaka) practically. Is there somewhere you click or what?

With Trove, you simply type in the total amount in dollars you intend to trade with, and the system will take care of the corresponding number of shares to that amount.

ChybuzzDD:


With Trove, you simply type in the total amount in dollars you intend to trade with, and the system will take care of the corresponding number of shares to that amount.

Thank you.

Outstanding result from WMT.

Walmart Q1 US Comp Sales Up 10.0%, eCommerce Sales Grew 74%

Premarket currently 4% up.

millennium2012:
Outstanding result from WMT.

Walmart Q1 US Comp Sales Up 10.0%, eCommerce Sales Grew 74%

Premarket currently 4% up.

Nice update bro.
Can't agree less.
We saw this coming.
When a brick and mortar giant embraces the innovative online shopping it can only increase their dominance.
We wait to see if the price responds.

millennium2012:
Outstanding result from WMT.

Walmart Q1 US Comp Sales Up 10.0%, eCommerce Sales Grew 74%

Premarket currently 4% up.

I keyed in yesterday @126. Just hoping for it to get to 135 today so I can sell. #Daytrading

Hi everyone, I really appreciate what you guys have got going here. I’m a student, supposed to graduate this year had it not been for the coronavirus. I work as a freelancer on the side and have been able to save some funds. I’m thinking of removing some of those funds from the bank and putting them to use investing. If anyone could recommend articles, books or any material I could use to broaden my knowledge and reduce the risk in investing, I would really appreciate it. I check on this thread everyday and have signed up for all three apps(trove, bamboo and Chaka) I might just go with one of the numerous stock recommendations here to test the waters one of this days. Thanks once again guys.

ChybuzzDD:


I keyed in yesterday @126. Just hoping for it to get to 135 today so I can sell. #Daytrading

This is looking good

ChybuzzDD:


I keyed in yesterday @126. Just hoping for it to get to 135 today so I can sell. #Daytrading

Smart!

samzyswagg:
Hi everyone, I really appreciate what you guys have got going here. I’m a student, supposed to graduate this year had it not been for the coronavirus. I work as a freelancer on the side and have been able to save some funds. I’m thinking of removing some of those funds from the bank and putting them to use investing. If anyone could recommend articles, books or any material I could use to broaden my knowledge and reduce the risk in investing, I would really appreciate it. I check on this thread everyday and have signed up for all three apps(trove, bamboo and Chaka) I might just go with one of the numerous stock recommendations here to test the waters one of this days. Thanks once again guys.

Read like 5 -10 pages back you would see books one can read or look for bjbjbj's posts

OakPearl:


Correct bro.
This is why one shouldn't take their eyes off the market.

If I may ask, wouldn't it be better to hold in anticipation of prices rising given the news about the vaccine which may be a positive catalyst or is the plan to sell then re-enter at a lower price?

Newbie asking

Thanks chief.
Let's hope the bearish outlook of today's market will let it run.

OakPearl:


Nice update bro.
Can't agree less.
We saw this coming.
When a brick and mortar giant embraces the innovative online shopping it can only increase their dominance.
We wait to see if the price responds.

Nice one bro. I too entered yesterday @128, but will be holding for much longer.

Am also eyeing BABA.

It has:
44% (Strong Buy)
55% (Buy)
0% (Hold and Sell) Recommendations from Analysts


More green to us all.

ChybuzzDD:


I keyed in yesterday @126. Just hoping for it to get to 135 today so I can sell. #Daytrading

The prices seen on the apps, are they real time?

afroxyz:


If I may ask, wouldn't it be better to hold in anticipation of prices rising given the news about the vaccine which may be a positive catalyst or is the plan to sell then re-enter at a lower price?

Newbie asking

If for the sake of a future downturn in general market trend, then one can hold till when ever that happens.

ETF's are peculiar as a lot of them mirror the direct opposite prevailing conditions of the stock market such that when prices are collapsing, they are appreciating and vice versa.

I hope this helps.

Its like we are in a week of green today..red tomorrow...hum...monday green..tuesday red..wednesday?

millennium2012:
Nice one bro. I too entered yesterday @128, but will be holding for much longer.

Am also eyeing BABA.

It has:
44% (Strong Buy)
55% (Buy)
0% (Hold and Sell) Recommendations from Analysts


More green to us all.

BABA may not come out with a block buster result if feelers I am getting is anything to go by.
But if you can board at anything under $200, that would be fantastic entry.

Yeah, you may be right about that. Am actually trying to play it medium to long term.

Thanks for the advice though.

OakPearl:


BABA may not come out with a block buster result if feelers I am getting is anything to go by.
But if you can board at anything under $200, that would be fantastic entry.

gamaliel9:
Its like we are in a week of green today..red tomorrow...hum...monday green..tuesday red..wednesday?

Am telling you

millennium2012:
Yeah, you may be right about that. Am actually trying to play it medium to long term.

Thanks for the advice though.

With a mid -long term investment horizon, BABA is a sure bet even at today's price.
All that is required u patience to sit out the up and down waves of the moment.

YerYer:


Welcome on board!! You've taken a bold step towarads a path I strongly believe will lead to financial independence if done right. I remember coming across a similar tread like this on nairaland some years ago and that's was how I started investing in the stock market. I like TD Ameritrade, it is a broker for serious investors.

I like all four airline stocks and I still believe buying them at these levels is literally free money. As the economy opens up, people will travel once more. And like you said, we still need the airlines, will the govt just let them all go bankrupt? I don't think so. Unlike the cruise lines, the airlines are essential and yes the government will step in to save them (maybe not all) just like they did with the big banks in 2008.

You plan to hold these stocks for over 6 months, so I think even with uncertainty and volatility in the travel sector, you will still come out ahead as long term investor.

I will urge you to get a general understading of graphs so as to identify potential resistance and floor levels, it may help you trim or add to your position along the way.

Marriott and other leisure and entertainment stocks have been beaten to a pulp. The risk reward at these levels are enticing especially for a long term investor. But like Dremanuel said, try not to put all your eggs in one basket. Diversify your portfolio so it can withstand shocks in the market. Being fully invested in the travel and leisure space only can be risky, so if you have capital to buy more stocks, look into the health, consumer discretionary, financials and tech sectors.

Nice comment! The Robotics companies is another area long term investors might consider when diversifying.

I really want to commend OakPearl, Yeryer and the rest for the great work here. You guys are really amazing! I have been reading up the thread for a while now. I have downloaded Chaka and Trove application and want to start trading.
First in all, I will like to find of if Chaka charges $1 for buying and selling of stocks only.
Secondly, can anyone recommend the stock I can buy into with a minimal amount for short term as I intend funding it now through bank transfer. Though I am looking at ACB, NIO, NEPT and GRWG.
Gurus in the house your response will really be appreciated.

mikol:
I really want to commend OakPearl, Yeryer and the rest for the great work here. You guys are really amazing! I have been reading up the thread for a while now. I have downloaded Chaka and Trove application and want to start trading.
First in all, I will like to find of if Chaka charges $1 for buying and selling of stocks only.
Secondly, can anyone recommend the stock I can buy into with a minimal amount for short term as I intend funding it now through bank transfer. Though I am looking at ACB, NIO, NEPT and GRWG.
Gurus in the house your response will really be appreciated.

Am fixing my gaze at both the Agricultural and Aviation industries current cos judging from Powell's interview this afternoon most stimulus packages will be targeted at these sectors going forward......
@ oakpearl, any picks?

arduino:

Am fixing my gaze at both the Agricultural and Aviation industries current cos judging from Powell's interview this afternoon most stimulus packages will be targeted at these sectors going forward......
@ oakpearl, any picks?

I noticed that I couldn't fund my account yet on Chaka. The 1-3 business days is ending tomorrow. Does it take ages for it to be verified?

For experienced traders preferably in the U.S.:

How do you navigate the wide gulf between short-term vs long-term capital gain tax rates?
Do you have any strategies for tax-loss harvesting while circumventing the wash-sale rule?


YerYer et al.

I don't know much about TD Ameritrade but you can try FreeTrade, since you are resident in the UK

Alaska90:
Hello Guys,

I have been trying to open an account with TD Ameritrade online from UK where I am resident

But after filling in my personal details ( name, country, add in UK ), the application is stopped with message it cant process application from every country and that I

should call an account manager or something like that.

So I could not pass the address page of the application.

Please I don't know what to do because I thought UK is not blocked from applying

1. Please any suggestion on what to do?

2 . And secondly can I use a family address in US to register?......I have a US checking bank account link to this address in US

Can anybody help please

Thanks