MrDiligence:
I just downloaded Trove and Chaka apps, whoever needs referrals can send me the codes.

You can use this referral code (Chaka) : if you are able to start trading, we all add you to our caucus for 3 days free: CHYLB3CWPI

WE ARE LUCKY IN THIS FORUM BLOCKCHAIN INSTRUMENTS ARE FALLING IN PRICES CRYPTO FORUMS ARE CRYING!!!
For us blockchain instruments falling in prices is a good buying opportunity for us.

I have not seen any other instrument that requires less attention to make money compared with global stocks (if you follow the right mentor/caucus).

We can't wait for the independence holiday to be over and the market opening on 5th July.

YOU DON'T NEED TO SWEAT TOO MUCH I THE GLOBAL MARKET IF YOU FOLLOW THE RIGHT CAUCUS
Today a link was shared that gives a site when you get fundamental and some vital technical summaries of your preferred stock.

Do you know, we only show our picks based on technical analysis and if I am in doubt, I just glance at this site and I can see the full fundamentals for any stock: see sample for NNE below (Financials look weak, so I am not so much interested in this stock for long term, I can buy the momentum movement and sell few days once momentum cease:

OUR TRADING APPS ARE NOW RESPONDING TO REQUEST TO ADD TICKERS THAT YOU WANT BUT ARE NOT ON THEIR PLATFORMS
Trove and Chake added NNE as per our request.

Unfortunately, the day they added ticker[b], stock gained over 20% same day[/b]. We could not buy that day (has risen too high and too fast) , but only keep in our watchlist. We will likely buy the stock if it pulls back to a comfortable price or we just go for other nuclear/Uranium related stock

So, 8f you know a good ticker, not on the platforms, just email to support of that APP, and I am sure if the stock is considered safe for investors, it will be added.

ONE OF THE BEST GIFT WE CAN GIVE OURSELVES IS TO STAY IN A FORUM LIKE THIS
The current CBN policies in Nigeria is tilting too much to the financial sector and this is not good as non financial sectors will face more hadship. Having some stocks in the Global market can be a good hedge against our Nigeria stocks.

And a good source to have profitable ideas is joining our CAuCUS group. Not an advert, but those that are in the group knows what they are getting. You will never get lost in the jungle of the Global market.

Today, we expect a bullish day, but market will close early, holiday is tommorrow and Friday market opens again. Chinese stocks are opening their eyes let us see if the bulls here will wake up again.

Good day to everybody.

I AM ENJOYING THE MARKET
For those that want to see more of my postings, sorry I will only post free when I like to.

Today, I requested Trove and Chaka to add NNE to their platform. Let us see which one will respond and which will not respond!!!

I am working at the background on something that will ensure our longevity in this market. Okay. I have thought I will not talk about it here. But, I can revail part of it. Unfortunately, it will be of benefit to those of us who has money in the market already. I will not hype anything, how will you feel collecting like NGN20k monthly on your equivalent investment of NGN150k (as I said this may be of benefit for people who have survived this market and started like 2 years ago, I have used the exchange rate of about that time, okay you cam make the 150k, 240k . Yes for the caucus members, if you remember that ETF that we said we should be accumulating if it falls, we don't pray for market to fall).

Just a tip of the iceberg will continue latter (if I feel like only, I realise that free information are not valued, I am always pissed off when I visit Nsempa and I see people with half knowledge condemning the work of good people).

Happy day to all.

MARKET NOT TOO BAD TODAY

Been sticking with Chaka, and have been able to get them to add a number of new tickers.

I am enjoying the platform, at least compared with before they seems to be a listening entity compared with Trove.

Wishing everybody well. Tommorrow is likely to be better, especially if we have a lower inflation figure (this will be like a black swan event. highly unlikely). But we do want to predict anything, tommorrow will tell.

LOOKING AT WHAT IS HAPPENING IN THE NIGERIA!!! I AM A LITTLE BIT SCARED OF THE NIGERIA STOCK MARKET
With likes of Guinness, Nigeria Breweries likely to stop paying dividends if the constraints preventing businesses from operating efficiently is not resolved soon. I wonder what the people who were formerly receiving dividends from such entities will do?

This is one of the reasons I prefer the Global stocks. Buying a dividend king removes worry about company's ability to pay dividends. Fast forwarding this, this should be a sound warning for us to forget that you can't buy a stock in Nigeria and sleep with both eyes closed. These are likely to be one of the reasons MSCI exited Nigeria (the fund was more of a dividend fund) and what is happening now showed that their judgment was faultless?


Point to ponder on. For me any Nigeria stock to be bought must be one of the big caps and must have foreign connection or still have some backings from the Government (like FBN). I may be afraid to buy a stock like Dangote or any other one with an individual as the key figure. What happens if these key figures have problem with the goverent of the day or when the founders are gone (for this fear one may exclude GTCO to some extent, at least so far so good, it seems to have cross this rubicon). So conclusion, we should not put all our future investments in stocks especially companies owned by single individuals (better have it behind our mind that investment like real estate, may be more reliable in the the long term, find a cheap land somewhere that you can keep for the the future and build something on, our parents seems to know better about this)

MARKET TOUGH BUT WE SHOULD STAY FOCUS
We need to be focused with improving our skill in trading or we follow a good mentor. Market is ready to take our money if we do not know how to read charts or do technical analysis.

So, for the serious students of the market, let us protect our capital.

The ASIAN season is giving indication of a likely market reversal for stock today. If for ant reason, the marker ends bearish today, then we should know, there is something unusual going on, big money want to play some tricks to get some stocks at lower prices. There is nothing unusual here, just part of the normal tricks of the market.

Good luck to all.

MARKET HAS GOT TIMMING
Was lloking forward to buy apple/NVDA in the last 3 trading days, but our signals are telling us to wait.

Market is bigger than anybody so for today, it may likely be a window shopping day, if our buying criteria are not met, we keep our cash. This comment applies to semiconductors, blockchain especially.
,
For chaka, CHAKA was okay yesterday. The platform will respond if we have any complain.

OUR INDICATORS CAN TELL US WHERE THE BIG MONEY IS GOING
Today our stock is SMCI. Good chart pattern plus some fundamental news

LET US STICK TO KNOWN PLATFORMS ONLY

I was shocked to the bone marrow recently here on Nairaland when someone talk about a trading platform with a website/USA address but with some Nigerian connection.

Alas, I clicked the website and the website has dissapeared. You can try it too "just search for us stocks on Nairaland. The person that made the post normally talks abour cars? So before you believe anybody directing you to a trading platform, please make sure the person is a regular in a forum like this and specialize more on investment matters.

PLEASE BE WARNED SCAMMERS ARE ON THE PROW ONLY USE KNOWN AND POPULAR PLATFORMS ONLY

THIS MARKET/FORUM IS LOOKING GOOD

Hello, I am enjoying the benefit of this forum as I find myself in some ETFS that with my small investment, I am now sure of collecting a minimum of NGN10K per month (figure understated for some reason). The good lesson here is the crazy dividend yield plus attractive opportunity for capital appreciation on that particular ETF. This is not a stock that will run into ant issue in the next 5 to 10 years as long as no major catastrophe happens.

Very, soon I will tell the full story and make it available to everybody. For now, I 2ill continue to buy this(ese) stocks as long as they pullback, but we are still praying for a bullish market.

On a closing note, our scan, is telling us that we can return to Nigeria stocks (but bank sector stocks majorly). We should see the market improving gradually. Our Caucus member knows the name to buy when market opens tommorow.

Let us have a nice day.

WHAT WILL KILL MANY TRADERS IS TRYING TO APPLY FUNDAMENTAL ANALYSIS IN THE MARKET
The reason for this is the fact that fundamentals are too obvious and what is obvious to everybody is not likely to work well.

I our caucus we discussed that meme stocks are coming back. For this reason I bought AMC then (maybe 2 or 3 weeks ago) . So let us start looking at what the *wallstreetbet* guys are looking at again.

TINUBU IS DOING REVERSE DANCE WITH NIGERIAN ECONOMY

What Tinubu/APC cannot destroy does not exist: destroy living standard, destroy businesses, destroy affordable prices and we are sure he will destroy himselve and his family plus all his supporters

MARKET COMMENT/STOCK BROKER WITH OPTION PLATFORM
For option, Google choice trade

Market condition not too good and not too bad at tge moment. We are looking at CONL, it seems COIN is a good stock and may likely be a company that will last. The stock has many ETF versions that are not too bad. So, if your focus is long term, a stock like COIN and others that are offspring of the stock should be good, like CONL

TODAY WE SOKD SOME STOCK AND KEEP THE CASH FOR BUYING LOWER
Market looking somehow. With a lot of reports for Thursday/Friday, market may not be at ease.

Nevertheless, this is a good place to be. We are sharppening our knives for likely trade in Gold, up or down, no problem the right vehicle are available NUGT, JDST, JNUG etc

EKU SWEET MARKET OOO
Just look at one of our stocks or call it ETF that is giving 5% flat monthly dividend at tge moment. Will forward update to our caucus in just some few minutes.

Why will market not be sweet??

TODAY WAS NOT A BAD DAY
Nvidia delivered as expected. This our stock business is real business. Lately I have been busy on another area where technical analysis is useful.

Having a mentor is good, my dream of trading the other side (let us be talking in coded terms here sometimes). the spoilers of good things are in so many threads that before you know it they may start reporting what they do not have full knowledge about to their masters (who reported OPAY and Co to Government).

So, I am happy in this forum, I will forever, continue to remember our GO (OAKPEAL) , whose legacy we are enjoying today).
May he continue to have the mercy of God following him everywhere he goes.

Going forward, it seems king Dollar is about to regain it's MOJO back (a little bad for stocks, but equally good for some type of stocks, gold inverse and if you know how to short Gold, Good luck).

TODAY IS A LIKELY BULLISH DAY
NVDA delivered as expected. So today we are likely to see a strong uptrend day.

Other TECH stocks should benefit.

MARKET LOOKING FORWARD TO A BULLISH DAY
Meme stock seem to be cooling down, today is for heavy weight stocks, so the US stock index will likely be bullish for the day.

For local platform with penny stocks, Trove is good, but note the minimum commission charge. If you want penny stocks foreign brokers are your best bet or you move to forex, where NGN10k will get you started (for this you can DM me)

Let us all have a nice day

CHAKA HAS BEEN RESPONSIVE ADDING MORE TICKERS.

So if there is a ticker that you see on a platform like Trove that is not on Chaka, just let us know and I will email Chaka to add it.

However, on my side, I will only e-mail Chaka if the stock has a minimum market cap/AUM of up to $300Million.

We are going to have a good time in this forum as we get more stocks added in a platform like Chaka.

I WANT TO TELL CHAKA TO ADD "BITO"- TODAY

Try it. You will see it is not in the platform.

Before close of market today, it may be added to the platform.

So let us see.

WITH TIME WE WILL LEARN TO OBEY ONE OF THE CARDINAL RULES THAT REAL & PROFESSIONAL TRADERS FOLLOW
We should not trade earnings? Trading earnings can be tempting, but it may likely lead to a large loss if for any reason the market fails to accept the earnings (some stocks go down on good earnings SMCI, UBER etc are examples).

Somehow, market seem to have made a small recovery at tge latter part of tge trading day. So tommorow, although looks unusual toward the weekend, we may see some recovery.

Wishing everybody a good night rest. To mm9row will be another day. Today, we resisted the temptation tk put back our proceed from exiting a trade back into the market!!! We just need to learn to may, there are days that is not safe

TARGET TECHNICAL MARKET COMNENT 8 MAY 2024
Tiday is an equal opportunity chance for the bull/bears. So we may start going into cash.

A WEEK LIKE THIS WITH NO HIGH IMPACT NEWS!!!
This week should be a sweet week, with RUSSEL, technology and communication section showing bullish chart pattern.

The week should rank high in terms of profit for our portfolio.

There is no looking back, there will be longevity in this market as long as we learn how to play it.

Wishing everybody a sweet trading week.

Aremsssoo:

I think I asked for a ticket to be added on bamboo too but they sent me list of criteria it will meet before it can be added.

Good, you can post the criteria and then we can start sending our favorites tickers to the various Nigerian platforms. The foreign based platforms have no problem (average availble stock is over 6000- six thousand minimum). Here, Chaka is most affected. Chaka is a platform that is strong due to financial capacity/reputation/experience of the founders (they have been a SEC Nigeria Broker for ages!!!). So, you can see why some of us are endear to Chaka (longevity in stock broking business at least for the family of the Founder)
.So they have a name/reputation they can protect and guard jealousy.

CHAKA SHOCKED ME WITH ONE OF THEIR BEST RESPONSES TO A CUSTOMER'S REQUEST
During the week CHAKA added on new ticker to their plaform!!!

It was done just because I asked for it (I have checked the ticker 0rior to making the request, it was not there. All I did was to tell them to add the ticker and I gave then the following details:

Ticker name: xxxxx
Approximate Market Capitalisation: $373million

And in less than 10 minutes I got a message that the ticker is now available on Chaka (they even sent me the screen shot).

I thought it was a joke (actually there are some thickers available in Chaka, but if you trade them , it will never be executed, like YINN or the inverse, SOXS, BSM), so I was thinking this may be those tickers that are available, but your trades may be REJECTED, so I put in my order, voala it was executed tge stock hit my account. Again, second day I bought the stock again.

So, if you have a favorite stock and you are on Chaka, just try and as for it. And if your request is turned down, let us ask the for the criteria they use in putting a ticker on their platform. For example a stock like GCT, is not there, but this stock is making waves in the market ( I did not border to ask, as with about 3 active alternatives, there is a limit we should push things).

Going forward into the new week, Monday may probably start on a bullish note, as the type of employment report on Friday favour's rate cut, and rate cut creates excitement for investors.

TARGET TECHNICAL MARKET UPDATE 2 MAY 2024
Higher for longer rate is still in play, we maintain our current position of being long term bullish, but we want to slow down as there is much risk in the market. Chinese stocks are comming up strong. We have mantioned some Chinese stocks for our Caucus members.

Wishing all safe investing