₦airaland Forum

emmaodet:
Which stockbroker are you using? And how legit are they? Can someone register as a Nigerian from Nigeria without any issues?
Does buying stocks on these platforms makes someone a shareholder of this companies? Or we are just trading through 3rd party?

We have answered questions like this in the past. The shares are in your name. You will even receive reports from post office in your Nigeria address. But see some previous post in this link to shed more light : https://www.nairaland.com/search?q=Yok+chaka&search=Search

WE NEED TO OBEY THE RULES FROM THE gODS 9F TRADING - I AM USING THE LANGUAGE OF BILL WILLIAMS

One of the cardinal rule is to avoid trading through earnings (except you have adnce assurance that the earnings will be good and it will move the market). Again, today affirm the rule, NVDA had good earnings (I told our cactus that probility was high for good earnings from NVDA, how I got to know is best known to me). But, the lesson here is that if I did not front run NVDA earnings, I will still catch the effect of the good earnings in other stocks.

Today NVDA has made the market to be alive again (has already gained 12% today pre market) , we are going to have a very bullish day (how can one stock carry the whole US market and others, size, highly capitalized stock, NVDA is like the new TSLA in the hay days of TSLA).

Let us have a very happy day. Today, I want to say let us buy some dividend paying stocks for our portfolio. Today for the people looking for big dividend yields: TRMD, is a good candidate (you can check the yield and tell us).

Another lesson is that we should keep our stops small. For the

MARKET IS THOUGH TODAY

Some news events can be powerful. Today market is close to a standstill except for some oil stocks that are showing some stability

FOR TECH STOCKS (TIME TO TAKE PROFIT) AND BITCOIN STOCKS MAY HOLD THEIR GROUND

We may take some profits off the table in some of our tech stocks, energy/transport sectors are breaking out, somehow Biotechs are coming up (I hope a Covid may not show up soon), communication stocks are retracing).

Today with a VIX close to 16.00 don't expect the bull to show up. Especially when Fed minute and NVIDIA result is tommorrow. Let us relax, watch our portfolio, take some profits on stocks that are becoming weaker and if energy/ transport stocks are stable (we take more position).

Now, we need to guide our base currency for this forum (we know what it is), it is very valuable so we make our stops tight today and we may be on the sideline today. No sin in holding cash, if we can withstand the temptation to always want to buy something. I will buy if I see strong support, espe ially in energy/transport sectors.

emmaodet:
Mr Yok, thanks for sharing your screen.
From your portfolio, it seems you are more of a day trader to a long term trader.
I will keep following your thread and probably subscribe later.
What is your cost of subscription? And are your members in a Whatsapp group or what?

Thanks. I am basically a swing trader. The problem is nowadays, due to the easy accessibility of computers to nearly everybody, the market is more volatile and so buying and holding all stocks for long terms will means one will need big stops and capacity to endure big retracents. For long term traders loss of around 25% per trade looks normal (Buffet, Hackman etc).

If you see the likes of EPD, DK etc, theses are not stocks you can day trade, they are a little bit on the defensive/dividend paying stocks. But as I said somewhere in my post, we cannot be like Warren Buffet who may be able to absorb drawdowns of 25% or more on a position and not feel anything due to the huge size of his portfolio. Hackman, was said to have bought FCX at $15, at a time, the stock fell to $10, he bought more, stock fell again to about $5 he still bought more, but at the end of the day he made over 50% profit on the stock (but today FCX is around $35 to $40.

So for investing in our own time, it will be difficult to hold a stock and not sell when you have made a big loss. This is the reason why those buying penny/biotech stocks and thinking of holding them for the long term will be washed away from the market (main reason this forum will never attract the crowd that is in NSEMPA, because you are playing with the sharks here and probability of getting washout is high, especially if you have half knowledge and you believe you have known it all) , here you continue learning and researching, on my head I must have see and study over 300 indicators and I am still continue to studt again to see how we can improve)

emmaodet:
You are not showing us your portfolio pictures.
Entry and exit prices and profit or loss made.

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How I wish I can tell the public what I am buying/selling live as it is happening!!! I am sorry that it will not be possible. Some of what I have posted recently are evidence. For example I told my caucus members what I bought yesterday.

But, below is a section of my portfolio (uncut). As I said earlier, the secret is our longevity in this market plus our indicators.

Okay, I want to give out the name of a good dividend paying stock that is in a buy zone, yield is over 15%, I will buy this again (I have bought this, made some capital gain, sold when it was retracing), any moment from now. If you are interested contact me, this will be free.

The fact that information that I am giving is for people who are paying subscription, I will only give tho the public after our members had bought. Like I told our members yesterday, I thought making profit in trading is a random walk thing, but alas, it is not. If you want to try "throw a dart and pick names fron the over 8000 stocks in the global market" and see if you will make profit.

16 FEB 2024- A PROFIT TAKING DAY

For the strong stocks and market in general, market still expected to be bullish. We took some profit in energy stocks and then took position in some defensive stocks in Energy, Materials and blockchain industry.

This is bearish day that many people will not complain about, at least the market has given us some profits recently and we need to take it our and feel the cash .

WITH THE ABOVE: THIS IS THE REASON I LIKE THE FOREIGN APPS THEY LISTEN

I wonder why our local appa are so rigid, especially CHAKA, what is going for Chaka, is just the reputation of the backers plus the past that you can buy stocks even if you have 3 pence in your account.

Let us see who will bring cryptos the way TROVE/Passfolio did it then.

I love the action here. HOW I WISH MONDAY 19TH IS NOT A US HOLIDAY

Wishing everybody more green days. IN THIS MARKET THERE IS ALWAYS A BULL SOMEWHERE, currently in tech, with Energy sitting on the reserve bench

Sproutfi logo - Newsletter - Information for your investments - TO GO ZERO. COMMISSION (BUT YOUR ACCOUNT MUST BE ACTIVE TO AVOID $5 QUARTERLY FEE

Our rate policy is changing.
And this was built together with you.

Hi YK,
Your feedback is a critical part of our growth and evolution, and we've listened to it. Through the surveys we conduct, our customer service team and all other communication channels.

Responding to many of the suggestions we have received, as of next March 18, 2024 a new rate schedule will go into effect.
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Maintenance fee of $5 USD charged at the end of each quarter, only if you do not make a deposit within this period of time (*).

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[quote author=emmaodet post=128467269]I see you are good in foreign stocks trading.

I use technical analysis 90%. For fundamentals you can easily get the data if you know the right websites for free, technical is difficult and is a skill you just have to learn formally (is the best). For example if you use investing.com, just type a stock name, then go to the financials you get all the fundamentals free.

In terms of dividend yield, for global stock, dividends are concentrated in some sectors (but these sectors lacks capital appreciation). 8% dividend yield and above are available in some stocks like: TRMD, PSEC, T, OXLC etc.

Continue to follow this forum and am sure you have not seen our best yet (we have been on this for quite some time, if you check NSEMPA, our records are there)

TROVE NEED TO LOOK FOR NEW PARTNERSHIP THAT CAN BRING CRYPTOS TRADING BACK AMONG THE PRODUCT OFFERINGS

We seriously need this. This is an opportunity an APP should look into, a partnership with the likes of TRADAZERO, MOOMOO eych can easily achieve this, we are missing passfolio!!!

THERE IS A BIG BENEFIT IN MAINTAINING LONGEVITY IN THE MARKET
A particular purchase recently has made ne to remember how much hardwork we had to put in in analyzing stocks in those early days, part of what I used to look at was "short interest" at some time I had to drop this from the factors I use to consider.

However, I have bought a stock with heavy "short interest" for our forum member that stock begin with "SY" and end with "ict". The stock was bought when it showed a bullish pattern plus some momentum. The stock dropped heavily just 2 days after purchase and I was ready with my stop if it falls below 10%, but looking at the fundamentals, we will give it some room, but I will not go beyond 2x of my earlier planned stop loss. The onus of this write - up is that our stock selection will now involve consideration of short interest as stocks in this class can enter a short squeeze which can deliver good profit, we have an indicator that can make this possible.

Today is another interesting day, happy profit day to all investors today, other may be celebrating something else.

WE NEED TO KNOW HOW TO PLAY DEFENSE IN THIS MARKET?
Today's early morning behavior is against fundamental reasonings. Stocks are about to recover some of yesterday's losses despite the rise in US inflation data.

So as a retail investor, I refuse to worry, I will just follow the charts. Actually, with the recent gain already in our pocket, we will welcome the bear with happiness by getting out of some of our postions.

On the EV side, again TSLA is at a point where the technical chart readers would have sold sometimes ago, they should be looking to get back into the market. Then, talking about defensive side for car stocks, the cyclicals are looking good, so instead of buying TSLA (I will not buy LCID for now, it is on clear downtrend), I may buy STLA (stellantis, this is where you have Peugeot, plus some of,those old car brands and you get about 10% dividend yield) and there is another one, a car dealership that our members have bought and we should be in about 8% profit after the washout of yesterday).

So for this market, we are happy, today to our surprises, we are likely to see a green close (55% certain).

[b]So, let us continue to follow this forum and learn along and we should know that you either pay somebody to learn from or you pay tuition (heavy one to the market).

THIS MARKET IS GOOD
The last stock I mentioned " COIN" is still good. My regret is that, I never had this book, "TRADING PLAN BLUEPRINT" when I started this market over 3yrs ago.

Today, the market is good. I am now open to taking some profits from this market. Equally our defence line of dividend paying stocks are worth buying too, added T today

[quote author=Mankind2024 post=128372612]@yoks
How are you doing?

if you have all these stocks, you have a fantastic portfolio that can withstand any market pullback.

You can stay in all of them, but you need to watch Berkshire Hathaway, it is in a very strong trend. You need to watch the support level of 393.02 (a close below this level may be a good point to take some profits).

Very good portfolio, equally I just added some GOOG to my portfolio today too.

Wishing you the best.

GLOBAL MARKET IS ABOUT TO BEAT THE NIGERIA MARKET
What we are about to start witnessing is the difference between an ideal environment (good for business and the the people) and an insane environment (want to enslave and make the people poor, look like the Bible passage, the Government of_ _ _ _ _ has come to kill, steal and destroy, may they never succeed before a miracle like what happen in the gate of Samaria occur).

So to our main message, US is likely to cut rate, conversely Nigeria is raising rates, what will follow for both Country's stock market we can easily figure it out. US market is likely to be bullish and Nigeria market may become bearish (for Nigeria side, inflation may be additional consequence as the good policies of the US may still make the dollar stronger, dollar chart on tradingview looks likely to be stable on the medium term).

We are in this forum for the long term, so we will not buy any GRAGRA stock (did you see GRRR, GRAGRA made 100% on opening about 3 days ago and still ended at 6% loss on close of market!!!).

Let us have a nice and bullish day today

THIS MARKET IS MAKING ME HAPPY- BUT NEXT STEP IS HAVING ENOUGH DIVERSISFICATION
Somehow somehow, the blockchain stocks seems to be in bullish season, actually they have pulled back!!!

Now, this our Global stock market game is getting better, but sorry for those who have dropped out of the game. if there is anything I will tell a newbie, please if you are not ready to learn by paying for a good subscription service, keep your money, as this market has no pity .

For today, I liquidated one of those my losing positions that I started with (over 3yrs ago or more, those were the years I was watch stocks to buy on YouTube and tying to be self taught, which does not pay, whoever does not believe should try self teaching and youtube recommendations, I can even help you with youtube links for stock recommendations if you need more apart from those I mentioned in earlier postings it is free, like Chris sain, stock Moe, Larry Jones etc) , [/b]the loss was huge, but getting the money out to now invest in a stock that I am sure I will have minimal risk is better. So today again, we bought [b]COIN. i am not interested in becoming a Warren Buffet, I am ready to get our if the market says I am wrong and equally I will cash out when the trend stops.

I DON'T KNOW WHAT NEWS HIT THE MARKET AROUND 7/8PM NIGERIA TIME- THE TECH STOCKS WERE JUST COMING UP

For our caucus members, that stock that have earnings coming up latter today (which I said we should wait, till result is out), I bought it but with an amount I can easily risk. It is that stock in our current watchlist that ends with SK.

Why did I take this risk: earning has been good generally, a leading stock in the industry just made some abnormal profit and thinking of what to do with the extra profit, stock is at a point close to support, my check on previous result around last year February showed only a fall of around 6% after earnings (I can live with this) etc.

Generally, I will not buy close to earnings.

NIGERIA STOCKS ARE REACHING TEMPORARY TOPS (LIKELY TO RETRACE), GLOBAL STOCKS ENJOYING SOME EARNINGS BOOM

Market is a little bit confusing, but we just need to focus on the medium timeframe and have in our mind that rates will not rise, so news about delay in rate cuts will only slow things down.

LEARNING TO READ CHARTS IS BETTER THAN READING THE NEWS OR WATCHING YOUTUBE VIDEOS (BUT IF YOU ARE JUST STARTING WATCH VIDEOS ON OSCILLATOR AND MOVING AVERAGES)
For the 1st time, one of my stocks showed 100% gain (held for like 6 months) and not the Yolo stocks that my gain will evaporate fast (I will have adequate time to exit if I see the stock doing smesme).

This feat was possible as I let the charts tell me what to do, not what anybody is saying. Now back to the main issue, the AI stocks are delivering good gains and again, I will say looking at cycle of new technologies and industries that will gain on each stage of AI, we are still at the beginning (stock that operates at tge beginning of AI are the semi conductor stocks, hardwares etc), as we move to the next stage, which is where the bulk of the gain will be, the likes of AMZN, GOOG, MSFT, AAPL, ADOBE etc, plus one stock that will gain at least over 10% today (will give the name again to our members who already have the full story of this AI cycle).

So, we should learn to read charts and have good indicators, stochastics, macd, moving average etc are okay to start with. Today I am likely to buy that stock that will gain over 10%, if I did not buy it today, I will buy it tommorow and if it moves too fast ( I already have small quantity, then I will buy SOXL, we should know this is AI related too).

Today and for the medium term, we still expect the bull, only if the CPI for next week comes out negative, than we will have it on our mind that the rate cut idea is under attack, for now we still stay on the rate cut idea.

FROM WHAT I CAN SEE THIS MORNING (EXPECT SOME STRONG BULLISH MOVES), READING TOO NEWS EXPECT YOUR NORMAL PLAIN NEWS OR WATCHING SOME YOUTUBE CAN BE DETRIMENTAL TO BE COMING PROFITABLE
If we have followed some news items, we would have found ourselves at the wrong side of the market sentiment (sentiment is determined by technical analysis and can be defined simply as the main/medium term direction of the market, may vary from one sector to another).

Just like I posted that most YouTube stock recommendations can leas to your pulling up losses ( some popular YouTube stock recommendations makers: stock moo, tattoo trader, Yolo trade etc), here I can single out "tattoo trader" as being the one that you should still listen to as recommendations are based on pure technicals and it tells you about the sponsorship others are more like stories or have allowed the sponsorships (the won't tell you that they are running advertising for those penny stocks so that you can invest in them, as big money are likely not to be buying those stocks but they need early investors and so use these popular YouTubers as indirect advert channels).

My main message is that after I have stopped watching you've stock recommendations (AI use scanners rhat tells me stock to look at for each day, have the one with list of stocks to look from and equally have those that are just plain and give me stocks rhat are totally objective, but for this objective list you exclude some type of stocks like those trading below 200,000 units per day and those below $1 plus some others.

Conclusion: I let the charts, intermarket analysis, sentiments tell me what to to do (be bullish or bearish) : today if I want to buy a stock, TECH, BLOCKCHAIN industries will lead the pack. I try to ignore some news sites (I only want objective news from trusted sites (finviz news section is example of a very good one).

[quote author=adamusuleiman2 post=128239643]People sometimes takes big money as fools. Electricity is worsening, inflation is making consumers to become poorer, kidnaping is going on (so foreign investor may even be kidnapped, and with government looking the other way when kidnappers are doing their things, shows indirect involvement of people in power, is another way for some useless big Nigerians to make money, at least it would be easy with this environment for Officials to claim bigger security votes), with investors not knowing when devaluation will stop, it is like Government want to invite foreign investors (I see an indirect form of attempting to do economic kidnapping here) and then rob the of their dollars via on going devaluation. So for now whoever, is expecting foreign investors without inflation going down, security improving, Naira becoming more stable is a bigger fool as the foreign investors are not fools (at least the rich cannot get rich is they continue taking foolish decisions as our Government officials are expecting).

LOOKING AT THE PULLBACKS IN THE BIG STOCKS THIS MARKET IS LIKELY TO GO HIGHER

AI seems to be holding this market. For the magnificent 7 stocks (Google this if you are no familiar with it), there seems to be some wind behind their sail that will take them to higher prices, so let us pay attention to them.

YOUTUBE VIDEOS TO LEARN ABOUT FOREIGN STOCKS
You can search for:
- able trend trading videos
-metastock trading tutorials
-zacks trading videos
- benzinga trading Academy

Watch the above first. If you watch and you feel you can trade then start trading.

However, looking at the fact that I have gone through all YouTube trading video watching (pls avoid those videos that tell you to go and buy particulate stocks, as immediately you buy those recommended stocks, I can bet you, you will not only lose money, but you will lose heavily . Best is to find a paid subscription after you must have watch YouTube videos on technical analysis. Especially if you can talk to the providers of the service to give you extra attention, example is TARGET Technical Analysis

FED MEETING- RATE RETAINED OLD RATE
With the above the market sentiment is still positive. All we need to look for is cooling inflation and Fed confirming when rate cut will start. These will strengthen the bulls more.

So, we say game is on.

PART OF OUR SECRET IS THE FACT THAT WE HAVE STOCK THAT PAYS DIVIDENDS
Dividends provide us free cash-flow, an opportunity to add to our portfolio from time to time.

This is the reason why we can be posting when other are deserting the market!!! These are stocks we call our line of defence and fortunately we have some that we bought at reasonable prices, like some oil/telecoms stocks.which are low beta stocks that can survive a bearish market. Sometimes, we assume big value stocks don't gain much (but I see about 43% gain in my AND stock!!!)

THIS GLOBAL MARKET IS BOMB
Despite the volatility in the market we are still surviving. How I wish I knew all I know now about 3 years ago!!!

No problem. I am happy that our trades are becoming more profitable. Now, I am getting to the point where no stock will be special to me that cannot be sold whether I am in profit or not. For example, I have sold my TSLA at a time, even my NVDA or BITO.

Again, I will say thank you to the initiator of this forum and those of us that keeps the flag flying. By God's grace this forum shall outlive all of us and we will handover to those that will take it to grater heights in a matter of time. But before then we will have a good story to tell . My purpose here is not to sell anything to anybody our Systems are for our internal use. I believed some people can confirm that we have send free messages and alyse charts just voluntary (but not all the time, we do this for matured and serious people only

sgtponzihater1:
Are we able to trust Chaka at this rate?

For now, out of all Nigeria APPs for global stock trading Chaka is the best in terms of track record (founders family have been in stock brokerage for long).

So, if anything happen to Chaka, the best option is just to go and top up our funds and go for a foreign broker to avoid wasting our time, other APP are just minor entities. This is why we need to up our game

Chaka seems to be having too many down days!!!
The platform has been dead for today!!

THE US MARKET NO GREE TODAY THE BULLS ARE LIKELY TO BE ON PARADE
Today likely to be a happy day in this forum today.

AAOI is one of the stocks in our watchlist.

The Nigeria market is still strong (but as a Nigerian my worry is that, this bull apart from the Dangote and other refineries comming on stream, what can engender strong company growth is lacking in the environment). Also, if China come on stream, Oil will become expensive, dollar on its own is strong so there is high probability that inflation may be difficult to contain). So if I want to invest in Nigeria stocks, definitely it cannot be for the long term. For now let us continue to enjoy the bull in Nigeria stocks, but keep our stocks tight and watch the support level, our member have this, for example DANGCEM support is 603.90). So if see DANCEM below 603.90 in a few days time then we should start thinking bearish. We will adjust tge support depending on market price action.

I AM ENJOYING THIS MARKET HOW I WISH I HAVE THIS TRADING SYSTEM AND UNDERSTOOD THE MARKET THIS MUCH EARLIER
As much as the Global stocks are profitable, it is equally a good burial ground for the people with half knowlege, when I look at some previous stocks that were trading at around $20, bur now trading below $0.5c or less, I felt something like holy anger, especially if we do not have the resources (to day trade you need to be able to spare at least $150/month for a trading plaform/signal service ) and we want to day trade!!! No wonder this forum is always quite, many peoples are losing very big. Don't be among the losers, ask for assistance, but you will probably not get it free!!!

LONGEVITY AND CONCENTRATION PAYS
With over 90% concentration on trading Global stocks, only few people (looking at stock pickers anywhere) can beat our stock picks.

Let us keep our eyes on NCLH. The stock may resume the uptrend move again.