SeriosPerson:
Goodmorning.
Why did the AAPL stock split wipe off 3/4 of my AAPL stock value without increasing the number of my shares? This is a noob question so bear with me.

Mine split already. Like Lafuria1 said, allow 24hrs for adjustment.

Care4:
Hello investors and traders.

I am between trade212 and ChoiceTrade. Kindly share your experiences or recommendations.
Thanks.

Cc: @oakpearl @yeryer @jayjaycee18 @skymoore1004

Sorry bro. I'm not familiar with either one.

OakPearl:


When the market reacts, it's almost always extrem whether positive or negative.

As you very well know, every loss is on paper until you sell.
Your decision to buy the dip is what I would have done.

Yes sir. Paper loss until I sell. I plan to hold a bit though.

Penboy:
Who is monitoring Salesforce.com?? ($CRM)
�

Monitoring but not in it.

YerYer:
FOMOed back into Overstock (OSTK). Wayfair (W) another online retailer of home goods has a market cap of over $31B while Overstock is just $5.3B. As we all know, many people are using this period to refurnish their homes hence the reason why online home goods retailers like Wayfair (W) and William Sonoma (WSM) have been on a tear. If you've been holding this stock since Oakpearl recommended it, congrats, I got out at $90. Plan to dollar cost average my position if it drops to $90.

Overstock (OSTK) dipped down to $90 earlier today and closed at $96.05. I'm down 21% or $1289. The stock dropped like a rock today partly because of a decrease in coronavirus cases in the U.S and competition from Facebook Shop. I bought a few more shares to reduce my cost basis. I think the reaction is over done and will add to my position as it drops.

megamart247:


Now My questions

Are the charges okay compare to those using ECOBANK & ZENITHBK.. because I have dollar too with those 2 banks..

cc Skymoore1004, OakPearl, YerYer, OvaSabi1,Nigsrdumb, 4play, InaNla.

Bros I'm sure others have answered your question

ebuka1997:

Oh yeah, those stocks are bad companies, they’re just for trading and taking profits
For next week I’ll be watching fastly for long term, they fell largely due to the Tik too issue and I believe they’ll be a correction... bosses @oakpearl @yeryer please your thought on this?

Mehn this fastly just dey make me laugh sometimes. I dey look am when e drop to $75 and I wan place my buy order but fear dey catch me because of the U.S China spat. But it's important to remember that Tiktok makes up only 10% of Fastly's revenue, so while they may lose a big customer, these guys are doing business with other big companies. Its just that you cannot predict investor's sentiments, they may overreact. If Oracle, Microsoft or someone else takes over Tiktok's US services, fastly should shoot to the stars. A reputable analyst even upgraded the syock today with a price target of $100. I might buy a few if it dips.

OakPearl:


All we need is more bites of patience for this one.
Investor sentiment for it is great with the fundamental structures they have been putting in place. As I no fit close eye buy Amazon for $3,000 na, I don sidon tight for this one.
Na my own Amazon be this.

The recent jump to $127 was due to latest analysts' recommendation that it should be selling at a target price of $140/share.

Not a buy or sell recommendation.

Lol, next thing now we go hear say Walmart, Target or another big player wan buy am... e go mooooon

FOMOed back into Overstock (OSTK). Wayfair (W) another online retailer of home goods has a market cap of over $31B while Overstock is just $5.3B. As we all know, many people are using this period to refurnish their homes hence the reason why online home goods retailers like Wayfair (W) and William Sonoma (WSM) have been on a tear. If you've been holding this stock since Oakpearl recommended it, congrats, I got out at $90. Plan to dollar cost average my position if it drops to $90.

proprp:
In the spirit of sharing, I thought I share my portfolio. I am new to the stock trading / investment in stocks and I have reading comments from others, watching CNBC , watching investor clips and reading loads. I have made some mistakes, lost some and gain some, but feel like I am getting better daily. So my advice is to keep learning and researching.

Congrats!! Those are high quality stocks. You will keep winning.

OvaSabi1:


For now, nothing because I will be busy within the next few weeks. But last week I stocked up on the following:

$OSTK $BWX $ARKK $STAG $VT

Wow, those are great picks. I'm tempted to get back into OSTK. Will add STAG to my watchlist, thanks.

OvaSabi1:


I am still here

What are you buying or paying a close attention to?

InaNla:
God will not shame us.

@OvaSabi1
@YerYer
@OakPearl
@Skymoore1004
@All

You guys cannot afford to go to sleep and abandon the ship oooo.

It may interest you all to know that I have paid services of Motleyfool, Marketbeat, & Zacks but since I started reading commentaries and recommendations of the bosses/active players here, I am over 58.89% better off.

Your daily / weekly / or spontaneous post on stocks direction are well appreciated. I am always glue to the thread.

Kindly do not be silent.

Wishing us all the best...

My dear i'm still here. I plan to make some spontaneous trades this week and I will definitely post the moment I do so you can lose I mean make money with me. Expect more screenshots.

OvaSabi1:
I just want to profer advice to the newbies here. Some "gurus" use demo accounts to show their gains. Some show gains in only one stock and will not show you losses for their portfolio as a whole. Some will show you gains for one day and one stock while the week/month as a whole is in red. I am happy for the genuine day traders making bag. It's not easy to be alert 24/7 doing technical analysis and being on the edge over your trades. I have been there and I know how it feels, we're all trying to survive, so I am not referring to you. I am referring to the impressionable newbies and dishonest gurus who are deliberately pushing a different narrative of day trading. I decided to stop commenting when someone here recommended Gold/silver ETFs because they're not too volatile. I will gradually limit my contribution here or stop commenting if I can, so that I don't offend anyone here. But like 4play said earlier, fact is fact.

This is a very healthy discussion to have. I'm by far the one person that post screenshots of my trades here and I've been called a "guru" here just as well as Oakpearl and many others. I wouldn't personally call myself a guru but this thread seem to breed a culture of mutual respect. I address people as "sir" and "ma", granted I'm sure i'm older than some people I salute in this manner, but again, its out of mutual respect. No one here is trying to outshine or belittle anyone. So you may not be talking about me directly, but I just want to point out that at least 80% of screenshots showing gains on this thread have been posted by me.

I've been investing in stocks since 2015 when I stumbled upon a thread here on nairaland by Jideams. Because of that thread, I got the confidence to finally test the waters in stock investing; before that, I just had money sitting in the bank earning less than 0.1% in interest. I have always used TD Ameritrade because they are easily the best broker in the business and anyone in the U.S, Europe and other countries can download the app for themselves and compare the UI between the demo and real accounts. I use both their TD Ameritrade and ThinkorSwim apps, they have different color schemes but your trades are in sync with each other, meaning any trade I carry out on the TD Ameritrade app or website automatically syncs on their ThinkorSwim platform and vice versa. They also provide a demo account for the ThinkorSwim platform but there's a difference in the color schemes, UI and a lack of an actual account number. Again please do not take this as a rebuttal for what you posted, its possible you are talking about folks on other websites like say Reddit posting trades with demo accounts and making it seem like its a real account, but I just want to say this because I'm sure there might be other people thinking along those lines.

In regards to posting weekly or monthly P/L, not everyone would feel comfortable revealing that much detail about their account. If not because of how busy I've gotten, I usually indicate what stocks i'm buying and I post screenshots of my entry. I also update when i'm selling or if i'm still holding. Anyone can calculate the weekly or monthly rate of return from those trades because they were posted at entry and exit, so there's no element of deceit. Occasionally, I might post screenshot of stocks being discussed on the forum that I hold or if a stock is in the headlines. I'm definitely not a day trader, however, If a company makes an announcement that might significantly move the stock price, I might initiate a small trade, ride the wave for a day or two and sell off.

You are a big advocate of long term investing and having a portfolio that mirrors the performance of the S&P and beats inflation. This is great and I strongly support whoever wants to take this approach but at the same time if we only talk about investing in indexes, there wouldn't be a need for this thread. I also invest in indexes and etfs via a traditional IRA, Roth IRA and a 403B; these are long term retirement accounts. But I also like to mix things up with short to medium term trades.

Let me close by saying no one should feel down because they aren't seeing the types of gains others are talking about. We know little drops of water make the mighty ocean. Any gains being posted here should serve as an encouragement and not a focus of discontentment. Our paths may vary, but we are all on the same journey to financial independence. No one here is selling any investment newsletter so seriously we should rejoice with people when they are making money, no matter how little. I love to read stories of new investors finally taking the initiative to invest in stocks and talk about their progress; they should be commended and encouraged because it does take guts to risk real money as a beginner. Like you said, it might serve most new investors well just buying an index and adding to it periodically, but there are also some new and more experienced investors here who want to pick stocks in specific companies for various reasons and that's fine as well. Lastly, new investors should stay the course and not just seek out quick profits, the power of compounding over many years will put you ahead.

afroxyz:
Everyone can post his trading/investing startegies. This is fine as people would learn a thing or two. The fallacy is when you believe yours to be sacrosanct. No strategy is the best because we all have different goals and temperaments and investing philosophies which are even influenced by the amount of capital we are ready to risk. Provided your startegy works for you, fine. It works for you but may not work for another person.

100% on point!

Ehuatamuigunisi:


Talking about losses will discourage new investors

Not necessarily. I talk about my loses sometimes because it's part of investing. The truth is, we have been in a bull market for so many years that the gains outweigh the losses. Moreover, paper loss isn't a loss until you sell. So on days when the market is down, your portfolio will be down, but if you don't sell at that point, its not a loss and the market should rebound. I usually post some of my initial purchases here for transparency, its easier to track that way. Posting losses is also important so new investors don't think stock investing is an easy money making scheme with no risks. I've posted a few screenshot showing posts I made about my losses, there are even more posts than these

Penboy:



Your name na OakPearl, the stock self get OAK as name.

This one na insider trading.
Guys beware ooo

Guy you beat me to this
A stock named after him is a sure bet!

OakPearl:


I have 8 online education stocks on my watchlist:
#ARCE
#CHGG
#PRDO
#EDU
#LRN
#BEDU
#HMHC
#TWOU
I have not found any better than these.
Studying patterns and movement with fundamentals to know which is maybe the top 3 or 5.
Earlier this year, before the recent focus on online education stocks, #ARCE ranked #1 on Zacks.
Says a lot about their fundamentals.
#CHGG has a great market sentiment and is doing great too.
Amazingly, education stocks are not as cheap as one would generally think.
Happy investing.

Chegg (CHGG) is a fantastically well run company

GrammarNazi1:

More money to you. But how much did you buy it? I'm completely new to this.

I bought it for $10.74, it got to $12 and I sold. I posted the screenshot again with explanations. If you follow this thread, there's a wealth of information here that will help you get started. Don't only focus on profits though, think long term, slow and steady growth.

akinssan:
Schools are reopening online this week and running into massive issues - online education stocks IN PLAY big time this week. So
any searchlight from our guru's in the house..

cc Oakpearl
YerYer , OvaSabi ,Jotrade,skymoore.... etc

I don't know any online education stocks. Can you mention some let's check them out.

4Play:


I mentioned PLUG on July 10 and noted that nobody seemed to have brought it up. I did also mention DKNG in the same post which has been dogshit To be fair, DKNG popped up after my post and I made a bit from it. I have never bought PLUG though.



Has anyone looked at Rent a Centre (RCII)? It's not one of those highfliers but it seems like a decent long-term hold in our austere economic times - it's a company that rents out goods which is great for the cost-conscious. Low PE and high dividend yields are also noteworthy.

Then Kirkland Gold also. Everyone seems to have missed the action on precious metals.

You are great sir. Thanks for the tip. In regards to precious metals. I made a nice profit from SLV and closed my position earlier than I should have.

This forum is great. Whoever recommended Plug Power (PLUG) I thank you o. I now work mostly during the day so I'm unable to watch my usual CNBC to get ideas. I bought PLUG on Friday as its been recommended here on this thread and I'm up $1260.

TheNoble007:
Good job to the OP and everyone here. Can someone comment on TD Ameritrade? I recently downloaded the app on my phone.

They are the best broker if you ask me.

InaNla:


Boss, we have arrived $90 for OSTK, do you still advise we offload now?

@OakPearl what do you recommend too?

Yes ma, I just sold my shares for a profit of 49% or $2983. You can sell half of your holding and let the rest ride, totally your call. I'm looking to buy more UAVS

YerYer:


That was a great call. I hope you bought in. I just got in today at $60.88, probably late to the game but we shall see.

OSTK reported stellar earnings. I'm up almost $1500. Plan to hold until stock reaches $90.

InaNla:



Life itself is a risk. Please be more kind to push us through. Appreciate as always.

No problem ma

InaNla:


you guys are doing great.

It would be good you intimate your children when taking this type of position for us to join body

Make una dey remember us ooooo. We are following you expats...

My sister this was an impulsive trade o. I saw the stock make big moves on Tuesday so on Wednesday morning I just jumped in to ride the wave. It could've gone the other way o and I would've been fine with it. If I post and anyone follows, they have to understand the risk involved.

OakPearl:


My brother I bought it at $14+ a day after I made that "Stock Focus" and my village people pushed me to sell at $28.

I bought back last Thursday at $54.94.
Crazy stuff.

Lol you doubled your money, that was a great return tbh. Haven't really been trading for some time now. Let the stock continue doing all those things it was doing before I got in

OakPearl:


It's $50 now!!!
Jumped in at $19.20.

I joined this morning as well and got out right in time..

OakPearl:




Anyone seen how Overstock is tearing under the radar?
The above "Stock Focus" was done May 6th when it was trading at $14.10.
Now $59.10 today!

That was a great call. I hope you bought in. I just got in today at $60.88, probably late to the game but we shall see.