₦airaland Forum

House help needed urgently Functions include but not limited to Cooking Washing Cleaning Running of errands FREE Accommodation and Feeding Ability to read and write Kindly send me a DM

House help needed urgently
Functions include but not limited to
Cooking
Washing
Cleaning
Running of errands
FREE Accommodation and Feeding
Ability to read and write
Kindly send me a DM

While we've been long Snapchat (SNAP) for some time now, we wanted to use their recent earnings announcement to revisit our thesis to see if it still held true. After learning from SNAP's management team that they project 50%+ YoY revenue growth for the next several years, we have incorporated this into our model in order to see how this affects their underlying business and our price target. After 200% returns on our recommendation last year, as of writing this, we are happy to announce that not only are we still long on SNAP but we are increasing our price target!

● Reiterating the above, SNAP is projecting 50% YoY (year over year) growth into the foreseeable future. For a company of their size ($2.5B in annual revenue) that growth is not only extremely strong but frankly it is unheard of. So why does SNAP project that this growth will not only be substantial but also prolonged? And why do we fully agree with their outlook? It is for several reasons:

● SNAP's core platform has and will continue to command more advertising spend through enhanced retargeting, optimization and attribution. SNAP has used the last year to reinvest in their core technology driving more ROI for advertisers, thus driving more revenue for these companies. We see this enhanced technology as a way for them to finally compete with the Facebook's of the world, who have such robust data on their users.

● While the technology has improved, it is moot unless they can drive more active users. Looking at their recent report, not only are they growing internationally to more countries, but they are getting more active users within the countries they already have a large presence in! This is extremely promising, as they are fighting to get screen time market share with the TikTok's and Instagrams of the world.

It will always lead to unhappiness. Comparison is the thief of happiness. Find what works for you. Stay patient. Start small. And stay consistent!

Earlier this year, GameStop stock had an epic short squeeze, orchestrated by a group on Reddit called Wallstreetbets. This group noticed that short interest for GameStop stock was over 100%. With a clever combination of buying common shares and call options (called a gamma squeeze), the group was able to cause the price per share to go up, forcing many short-sellers to close their positions for massive losses.

When the dust from the short squeeze settled, short interest for GameStop stock plummeted. Only about 40% of the float was shorted as of Jan. 29. More recent data isn't available yet to know what it is exactly today. But the decline in short interest appeared to mark the end of the GameStop saga. The stock fell roughly 90% from peak highs.

Except, apparently, everyone simply regrouped for round two.

Traders were out in full force late this afternoon, bidding GameStop stock back up. To be clear, 40% short interest is still significant enough to spark a mini short squeeze. However, it's possible shorts decided to short GameStop again, thinking it was all over. After all, the stock was still trading more than 10 times where it traded before all of this began. If short interest has increased any since Jan. 29, then this could be a wild ride yet again.

House Democrats plan to pass their $1.9 trillion coronavirus relief bill on Friday as lawmakers try to prevent unemployment lifelines from expiring next month.

The package includes $1,400 direct payments to most Americans, a $400 per week jobless benefit supplement and an extension of programs making millions more Americans eligible for unemployment insurance. It also puts $20 billion into Covid-19 vaccinations, $50 billion into testing, and $350 billion into state, local and tribal government relief.

The plan as of now would hike the federal minimum wage to $15 an hour by 2025. The provision may not survive in the final bill.
Democrats have moved to pass the legislation on their own through budget reconciliation, which requires a simple majority in a Senate divided 50-50 by party. They have argued they cannot wait to ease economic pain while they try to strike a deal with the GOP.

Republicans have questioned the need for nearly $2 trillion more in spending as they point to vaccinations putting the country on a path to a broader reopening.

Reported by CNBC

ETFs are basically a basket of stocks. Instead of buying one, you can buy an entire basket. You can buy or sell within the same trading day the same way you do stocks. And the price fluctuates the same as stocks as the ETF is bought and sold. There are no minimums – you can buy 1 share, 1000 shares or fractional shares. ETFs come in various securities, including stocks, commodities, and bonds. You can buy a large cap etf, small cap, an entire sector, or even specific index, among others.

When buying ETFs, rule of thumb is that you go for a low cost ETF less than around .15%. Although there are many great growth ETFs that go for .50-.75% like the Ark Funds or Global X ETFs.

An option is a contract that allows (but doesn't require) an investor to buy or sell an underlying instrument like a stock, ETF or even index at a predetermined price over a certain period of time.

Buying and selling options are done on the options market, which trades contracts based on securities. Buying an option that allows you to buy shares at a later time is called a "call option," whereas buying an option that allows you to sell shares at a later time is called a "put option."

Do you trade options? What strategies do you use?

DISCLAIMER: Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. This is educational material ONLY and not advice.

Foxconn Technology Group will develop an electric vehicle with Fisker Inc., part of the manufacturer’s efforts to boost its automotive capabilities at a time when technology companies including its main customer, Apple Inc., are looking to expand in vehicles.

The car will be built by Foxconn, targeted at multiple markets including North America, Europe, China and India, and sold under the Fisker brand, according to a joint statement from the companies Wednesday. Production is set to start in the fourth quarter of 2023.

Fisker is looking to break new ground with its second planned model. The startup plans to make a vehicle that doesn’t fit into an existing segment, like a sedan or SUV. Its partnership with Foxconn, a Taiwanese smartphone maker which is new to the auto business, is pinned on hopes that the collaboration will bring innovative manufacturing.

Lazyyouth4u:
Indeed, they have mastered the art of making money. They have even mastered it better than the banks in developed countries that they learnt from

You say internet banking and other channels were used. Okay. Other countries wey get better internet and IT systems wey our banks dey learn from probably don’t know how to use these channels like Naija banks

If you recall the lockdown was not the entire country it's started with Kano, Abuja, Lagos and Ogun.

I want to say this one more time.

NEVER let other people’s gains keep you awake at night or stress you out. Stop seeing screenshots of other people’s $10,000 days and stressing that you’re not making that right now; focus on your NEXT STEP towards making it ONE DAY.

ahiboilandgas:
Up

In my own opinion still not favourable

Good morning Scholars,

I bring you good news from the US stock market, with as low as =N=5,000 you can earn dividend monthly, quarterly or even bi-annually.

Why not avail yourself if this opportunity.

Register with my signature.

Thank you for your time.

klabi:
Registered and following this thread religiously

Good morning! Welcome on board. Where? @ the bolded

Lazyyouth4u:
Lockdown only in Lagos, Abuja and Ogun States? Are you being serious Anyway, no comment

At the initial stage

This is a roller coaster. Only those that jump off will get hurt. Im this all the way. Money must not burn.

Lazyyouth4u:
But let’s think critically about it.

How are they able to make over NGN 400 bn in interest income in a very rough year where their huge oil and gas loans were having serious issues with low oil prices, where many of their retail loans had to be restructured because of Covid and EndSars, where real estate/hotel loans suffered as people didn’t have money to buy and hotels are empty.

We can’t even say Tbills as T Bill rates were on the low side in 2020

So ofcourse, some ‘work’ was done on the financials

It's been said here Nigerian banks have mastered the art of making money in Nigeria.

Yes, internet banking and other channels were used.

emmanuelewumi:
God bless you

Amen

Donbrig:
I forbid the art of making money to the detriment of other people. My step mother worked as a bank manager for 8yrs in old generation bank, our banks are rogues, I don't want to go into details or argue. But I think we still have a lot of work to do in sanitizing our banking industry.

They are stealing billions from poor and helpless Nigerians every day, that's my fight and anger whenever they declare huge profits as if they have honestly worked hard for it.

Oga! Noted Sir.

aigjoey:
The 10k I invested is almost finished oo.. Just 5k left. How it happened is what I can't explain.. Anyway, it's for learning purpose shall... Please I need a mentor

This is what I keep saying most newbies are Ignorant and lack knowledge.
Answer the following
A. Why did you Invest in this market
B. Are you risk averse or high risk taker
C. Do you want to be a trader or an investor?

Kindly provide answer to the above

AirBay:
Btc is dipping. Buy the dip

dipper life

Donbrig:
It is unfortunate we give these banks credit for robbing customers everyday. Our banks are smooth criminals, there is no other country where banks steal from customers continuosly like Nigerian banks.

Why won't they make billions when they unlawfully deduct money from customers accounts, they end up giving it all kinds of funny names to make it look legal and professional.

Most Nigerians would say, it is only 20naira or 50naira they deducted from my account, no problem. But calculate that 20 or 50naira by millions of customers in their bank, you will understand why banks will alway make money either by hook or by crook.

And we have a system that allows them go away with it.

Even NSE is a big scam, a legal ponzi scheme, the big players knows how to manipulate the whole process to their own advantage.

Why complain when you can make money from those that have mastered the art of money making in Nigeria

condomuser:
E don red ooooooo, the FGN has officially put Lagos on olx

This is not new, other public owned government properties went same route.

Morning Communiqué:

I have heard it said, and it is true, “Trading the stock market is the HARDEST easy job you will ever do.” It is true!
Anyone else worn out from these past few days? We have had some awesome weeks and month and as hard as it has been, this pullback is needed.

As much as possible, it is advisable to keep at least 25% of your capital in cash….right now, maybe more.
I can see the market going 1 of 2 ways right now. We may get a little bit of a rebound today and then a little deeper correction on Thursday and Friday (Like what happened at the end of January and beginning of February) before we could start trending back up and possibly break the 400 mark, or we can just go straight to 400 from today.

The important thing, above all, is to know what you own. Only hold stocks that you have confidence in. If your stock is strong on the fundamentals, then it will weather a correction. But at the same time, you do not have to hold the stock, you may choose to sell it with the hopes to buy in lower if it dips more. It is never an easy choice.
I am working to update our long term investment plays as well and they should be ready for the beginning of March. With this correction, now might be a good time to revisit the plays.

Keep your heads up! This is part of the game. You have all been awesome warriors in this fight!


Guys, Have an awesome day and Safe Trading!
Your Friend and Fellow Trader,


 
The Market:
Futures are down as of now - S&P down 0.33%, dow down 0.25%, and nasdaq down 0.65%. Futures opened green initially and i wouldn’t be surprised to see them turn green by open, but right now is looking like we could see either a pullback on indexes to next support after bounce today, or could see continuation of downtrend if that next support breaks and we see a lower low than today had. Watching support on SPY 385.5, next support at 383, and final support is at 380 where there would be more downside below. Right now is super smart to buy the big drops on mid/long term positions that you’re confident in. Also lots of bounce/reversals to play off of short term but always be risk managed.

 
Swing Plays for Today:
*Reminder: my buy/sell alerts is just what I’m doing and should just be used for ideas. Not every entry/exit will be perfect timing.


$SUNW: watching as a heavily oversold play and held support at 300 MA on 4 hr chart. Depends on how solar sector is looking overall, but already seeing a bounce in some stocks in the sector such as $SPWR.
$TRIT: love this entry in the low $7s as long as support at $7 holds. short/mid term swing looking for $10+.
$XL: heavily oversold, looking at $14 to hold as support level. Love the value at this price for mid/long swing
$LMT: breaking out of inverse head & shoulders today, overall target is still $150-160 range
$QCOM: interested in an entry for quick bounce if it gets to $132 as first support level. Has gap to fill towards 132 if it can’t get back over 144 short term
$HYLN: held support at $16.5 on selloff yesterday, I’d be interested in an entry if it either gets back down to mid 16s or breaks above 18 and holds for breakout
$WMT: watching for potential entry for a quick swing here. $135 support level, earnings overreaction, and up to a 26% short float. If it can hold and bounce off 135 could see quick move back to 140+
$FUBO: needs to get back over $40 for reversal strength. Next support is at $35 and then $30.
$DM: watching for this to bottom out and show reversal strength before adding, but love the value in the low 20s and would be looking to swing a couple weeks or so for bounce back to 28.5
$PLTR: I’m watching to add more either on a trend down back to $25 support or on a breakout and hold above $30
$BTC plays likely to have a big gap up todayvsince btc was received nicely after hours.

Good evening!

Welcome to the thread that you would learn the ABC of investing in US stock market.

Firstly, we have the following app used in investing in US Stocks

* Choicetrade
* Passfolio
* Bamboo
* Chaka
* Etoro
* Fidelity
* Trove
* Trading212

Choice Trade is good too. But you start with $100 minimum. No commission on Trade. $10 Monthly maintenance fee.

Trading 212 is quite easy to open if you’re based in Nigeria. The tax number is not necessary (Nigerians). They just want to verify your name & address.

In terms of commission, they don’t charge anything at all. Compared to bamboo & the rest, you will be saving a lot of money on commission charges which is top notch, their interface is very understandable and updates real time.

In terms of deposit, unfortunately only gpay works for Nigerians. So you have to sign up google pay on your desktop (can’t download it in Nigerian Apple store). Then you set up your card etc. The gmail account must match the one you used for registration on 212. Deposit is cleared almost immediately. Another good thing with gpay is that you’re using your naira card to pay for dollars. You get charged at bank rate. In additon WalletAfrica comes in handy too

You can use the bank statement from your mobile app provided your house address is stated on it and it matches the one you registered on Trading 212 (Many have used it and was accepted).

PS: Fund your Trading 212 account with your Zenith Bank's card via Google pay. I believe they give the best rate compared to other banks.

And go get a $ dom account for withdrawal (not that you can't withdraw to a naira account, it best to have your money in $$$ and it's good for savings too), preferably a Zenith bank's dom account and it's zero minimum opening balance, (not trying to promote Zenith Bank, it's just that I opened a dom account with them last week and I wasn't required to deposit a minimum amount and I've had a savings account with them since 2019 and it's been a positive experience all through).

PS: On trading 212, only a passport is accepted as id document for residents of countries that aren’t part of the EEA (European Economic Area)

In terms of withdrawal, the money will be sent back to the card that you used on gpay. The withdrawal is done immediately but it can take some days to show in your account, depending on the bank you use. The dollars will be sent based on the bank exchange rate on that day to naira.

Flutterwave and the rest doesn’t work with 212 unfortunately. Only gpay. You can do a bank transfer from your Dom account but that can take days to clear.
Finally, Trading 212, is currently not on boarding any new customers because they are try to build their capacity to accommodate more customers


I use bamboo for now because there’s is more easier for a Nigerian based person. But if you have enough patience, you can try with 212
Trove and Bamboo use Drivewealth while trove is attached to ARM securities in Nigeria which allows for trading in Nigeria Stock Exchange (NSE) thereby eliminating the issues arising from sending trading request to BUY, SELL or STOP LOSS manually to brokers. It is also to note that upon registration & verification process the bank statement MUST match with the address you used for registration.e.g if your bank statement address states 1, Seun Osewa Str, Nairaland, when registering on the app it MUST be the same as your bank statement address. Choice Trade is good too.
Bamboo and trove have the following features
No minimum start up.
Yes!commission on Trade.
No Monthly maintenance fee.

⁠
The US stock market is open Monday - Friday, almost every week of the year. But what are the best times to trade stocks each day? ⏰
⁠
We thought we’d pull together this helpful grid, to show based on your country/time zone, what hours are typically the best to trade. Many people don’t realise you can actually trade in the pre-market (depending on the app you using?, which occurs for a few hours before the normal market open.
⁠
➡️ The first few minutes, even around 15 minutes at the open are usually volatile, so tread carefully here. Then 2 or 3 hours after the open, is when ‘lunch hours’ occur which is usually a time of lower volume and less squeezes happening. Things normally heat up in the final 2 hours approaching market close. ⁠
⁠
➡️ This is why during lunch hours, our trading group chat often goes quiet. If you’ve made a profit in the pre-market or at the open, you should protect those profits at all costs, and not over trade in the slower hours.
NextUp

HOW TO SET STOP LOSS

We have two methods of setting Stop Loss - [Automatic & Manual method]

What is Stop Loss?

-Stop loss is a trading tool designed to minimize the loss one can suffer in a trade by automatically liquidating assets [Close a trade or sell off], once the market reaches a particularly price.

-One can choose to go for the automatic method or use the manual method of stopping losses (I prefer the manual method)

So FOR EXAMPLE we traded $EXPR as stated in this signal above

That is we bought at 0.00000144 or at current market price and went for sell price 1 or 2 •••

And our stop loss is 0.00000137

••• Then after buying, you notice $EXPR is taking too long to hit sell price or the price keeps going down instead of going up, you're adviced to remain patient but if it goes down and goes below 0.00000137, you're advised to sell it off and move to another new stock

And also, you can still remain patient and continue observing because in stock trading here, no matter how low a trade goes, it will always come back up depending on a number of variables.

The only thing is it will take time..

And that's why "PATIENCE & HAVING AN INVESTOR's MINDSET IS IMPORTANT" in trading

So deciding how long you can wait for is up to you, like I'll always tell my students:- "make your own trading decisions and stick with it".

••• But that doesn't mean you should make canceling trades your hobby•••
You need to make sure the buy order has been successfully executed first

STEP 1:- You click on "Limit Order" under the sell column to reveal a dropdown of other options. - If your app uses it (mine doesn't)

STEP 2:- Then select
"Stop-Limit"

STEP 3:- Then you proceed to clear any price you may meet in the part, so you can input a new price.

STEP 4:- Then in the space for "Stop", you need to input a price that is a little above the actual Stop Loss price and that will serve as a price alert/trigger.

i.e for $EXPR, you can fill in 0.00000140 for "Stop(B)" and 0.00000137 for the "Limit(B)". This simply means you've instructed to App to trigger the Stop Loss if the price drops to 0.00000140 and that it should not allow the price go below 0.00000137 before selling it off.

0.00000137 is the actual Stop Loss Attached To the signal, 0.00000140 is what I used as a trigger alert.

STEP 5:- After step 4, you proceed to tap on 100% and then you click sell. Trading is not a get rich quick investment

I hope this helps, thank you for your time.

Finally, Join #Trove and we'll both get 500 shares of either Dangote Sugar or GT Bank FOR FREE. Sign up with my link on my signature.

Forget stocks, forgetting your health is the worst investment you can make.

Good afternoon

ozome15:
Please sir am a Newie in stock investment.
Please what are the key future one should look out when you talk about the
fundamentals of the company.

Welcome on board, register with my link on trove

You have to look out for the companies fundamentals
EPS
Growth