MARKET IS STARTING ON A DULL NOTE TODAY- BUT LIKE THE BEHAVIOUR IN THE LAST 3 DAYS LIKELY TO PICK UP LATER IN THE DAY

The biotech stocks seems to be too many. Too many of then are making some scans to become too lengthy. The volatility of the market is high and here are what I can discern from the market immediately:
- Blockchain stocks have quiet accumulation going on, so we are bullish on them- Will mention one latter today, if we do not mention, please forgive us as we have given all necessary clues. It is the one we told our member we bought (we bought, not that we tell them to buy, so for us this is high conviction trade). Yes we bought this bitcoin stock yesterday, talk of any chart pattern (double bottom, demand zone, Fibonacci retracement etc). We kept our stop loss at 8% here. If this trade fails (it is a possibility), then something fundamental may not be right with the stock.

- Oil stocks are good, but we will not chase any of them, we want to buy around 50% daily RSI level.

PREMARKET IS GIVING INDICATION OF A LIKELY BULLISH WEEK
The stock market athmosphere is full of optimism. Tech, blockchain oil sectors looking good.

Market Pulling Back Today Is Expected
We are in the topple Witching day zone. So, with high probability on the bearish side. We should expect more pullbacks tommorrow. Monday will be the final opportunity for bears, thereafter the market should return to normal late on Monday. So for today and tommorow we should keep our stocks tight and be ready to take profits on so. E 9f our postions. For today, tommorow and early Monday we do not need to rush this market?

DAYLIGHT SAVINGS ENDED 10 MARCH 2024
Yesterday I was trying to sell a stock around 9.40pm Nigeria time not knowing market has already closed by 9pm WAT.

Latter I confirmed that trading time now 2.30 to 9p.m WAT. We will enjoy this time till first week of November. So, let us keep this in mind.

Happy investing.

THERE IS BIG GAIN IN LONGEVITY
At this point, I am not afraid of selling at a loss if necessary. Why, I know the market cannot take away some of the profits I have pocket.

For example you can refer to the 2 stocks, I showed from my portfolio recently (NVDA and COIN). if they fall more than 20% from their current position, I will sell. Equally, MARA, CLSK and other bitcoin stock are in my selling list once they hit my stop loss. Thank God for the new ETFs for blockchains, we now have dividend paying bitcoin related ETFs. So if I am fed up with the normal bitcoin stocks, I will port to the ones paying dividend.

MY EXPERIENCE WITH US STOCKS IN RECENT TIME HAS BEEN A GOOD ONE
Was suprised to see that bidden signed the US funding bill on Saturday to avoid shutdown (I am suprised that I have not been following this up, why is that I am focused on Managing my Portfolio, so if my portfolio is not threatened, I don't need to be looking for too much news).

The effect 9f the above is that Monday is likely to open bullish. Another reason why I was not too focus on news is that my main stocks are in performing sectors of the market. Like we discussed 9n our group, if most of our watchlist are gaining, maybe it is luck and market is random. Then, I tried to pick some stocks randomly, to my suprise the too many losers I would have ended up with scared me so much, the conclusion is that our method is better than random.

This week, let us look forward to bitcoin stocks leading the market again. Tuesday and Thursday has some inflation reports, but bullish expectation in the market is likely to crush the bearish expectations.

LOOKING AT THE MARKET THESE DAYS - GETTING STOCKS THAT WILL ADVANCE SEEMS NOT TO BE A BIG DEAL. WHAT IS THE BIG DEAL?
The big deal seams how to keep our stops small and avoid buying at the top!

Viewing this big deal issue, it seems if the stop problem (if we can keep our stops small) may be the key to everything? We will continue with our search for the solution!!! Also, I can bet that those days you see this forum empty, most of us are trying to see what we can do to solve these 2 problems (buying at the top and suffering a big big loss on the hope that we do not want to loose money, somebody said somewhere that you have not suffered a loss until you sell your losing position, please that is not applicable here, if your loss is pass 70%, just know that you have lost the money in that trade as it may take more than 4yrs to recover or you may never recover again.

So let us up our game. There is money here for people who will do things right (learn under a mentor/subscription service: have some knowledge of Tecnicals such that when we mention or you see a stock somewhere you will know a good entry point: take your mind away from news on hot stocks for the moment, this is a killer:be willing to take a small loss, nobody gains 100% of the time even Buffet, Sorros: be ready to do some work on your own, know the profile of some of the stocks you are interested in etc).

Wishing all the best.

MARKET TO CONTINUE THE UPTREND
Current AI and blockchain led growth is still intact. We should position in one of the sectors or the 2 if possible.

Let us disabuse our minds that expensive stocks cannot rise. Seeing 80 to 100% gain in a matter of months (mostly 3 to 4 months) is now common. See a snapshot from some of our holdings here and more will still follow) .

Also, please as a member of this forum (I am not interested in selling anything to you, subscribers usually benefit from knowledge transfer, which they can use for years), get a mentor, not the free type so that you can talk to the person to transfer some knowledge to you.

CHAKA PLATFORM IS LAGGING BEHIND IN TERMS OF NO OF STOCKS AVAILABLE COMPARED WITH TROVE!!
The wide gap in stocks that are availble in average platforms like Trove and Chaka is just too much!!!

Trading on Chaka has restricted the users to too few stocks. The problem is sometime before chaka makes the stock available, the price may have gone through the roof. Am old case was SAVA. In The Covid era stock started getting noticed when it was $4, Chaka did not make stock available until it hit$100, now imaging the stock is about $8.

Now too, stocks like TRMD, NU holdings, DTST, AEHR, are NOT ON Chaka, but they are popular stocks. The high commission on Trove means we buy/sell minimum of $50 at a time to enjoy approximately 1% commission on each side of the trade. We are still looking at what to do on this?

.
Market is still good, some of US have reached our full capacity temporarily) in terms of what we can buy. So for now we can only wait to see stocks that we can sell in order to buy another without losing so much money via commission.

PREMARKET LOOKING COOL TODAY

We will definitely make some money in this market. But let us keep to the rules (keep loses small, buy quality stocks, stick to your trading rules for example do not buy a stock that is going down, buy stocks with tradeable daily volume greater than/up to a 200k etc) of successful trading, it is not easy, but we should just try.

ON A DAY LIKE THIS_ WE ARE IN NO HURY TO BUY ANY STOCK 5 FEB 2024
Market falling is nobody's friend. With the Baba of Fed speaking tommorow, there will be no notice in the market until Powell finish his testimony.

But, we may buy something small for our Coffee can if we see the opportunity, so today, bought small qty of T (AT & T), pattern is good. We are still watching the likes of BBAI too for good entry point.

COMMENDATION FOR EVERY MEMBER OF THIS FORUM
On behalf of my GO of this forum (OAKPEAL), I wish to commend every member of this forum for our seriousness and tenacity. This is a forum where people do not joke, it is business as usual.

Please let us keep it up and the gods of trading will be on our side!!!

Meanwhile, as blochain/tech sector continues to exit us, let us keep our eyes on URANIUM stocks (the commodity is scarce already only that big money do mostly buy and selling ( plays on the sentiments side). now may be a good time to buy. Equally.we should not forget our coffee can investing strategy (if you are hearing it for the first time please Google and digest it). this should be like setting aside some money for the raining day (in case market is not in bullish mode), for this we can buy a no brainer stock like KMI immediately.

Thank you all for keeping this forum alive and making it a very interesting environment for all and I will say again that our money that have bben used to buy stock is safe as your shares are registered by SEC in USA. Also nobody can stop you from buying us shares, the worst that can happen is that your account is moved by your broker to another broker usually outside Nigeria (as long as you are with those brokers that are affiliated to drivewealth) and like the present problem, we may not find it easy to add cash to our account. Bye.

MARKET HAS BEEN EXTREMELY GOOD
Beign self taught is a big problem, you suffer so much by beating about the bush.

This month is one of our best months in this market.

We will not rest on our oar, but we will continue to strive to get better. Now we will concentrate on more analysis, we don't need to know about more indicators.

Happy weekend to all. For the moment, we are looking for breakout trades. So we will pick up a stock that is consolidating and then buy the breakout using our indicators (our indivicators are AI enebled). OPRA is the stock we are buying on Monday as long as it does not close on the negative side.

EXTRACT OF WHAT WE SHARED IN TARGET CAUCUS CIRCLE+WATCHLIST

CPE report is expected today, a positive (inflation going down is the positive side). However, BLOCKCHAIN stocks don't need the inflation report to continue raising at least in the medium term.

WE ARE READY TO PLAY THIS BLOCKCHAIN GAME

Blockchain are prepared to give us today again.

At this point, it will be unwise for us not to put some of our gains in dividend paying stocks (if you make $40 profit, put at least 10% in a good dividend payer) . Dividend payers are like savings, while we should consider gain from growth stock as our regular income. So let us keep some money in our dividen stock for tge raining days.

I AM HAPPY WITH THIS MARKET AT THIS POINT I AM READY TO TAKE ANY LOSS WITH JOY

We have benefited from this recent bullish movement, a bearish move will practically have minimal effect on our portfolio and if bear comes, we say welcome, we take our cash either our of the market, or just keep the money and wait for the next bull circle by

TODAY 27 FEB 2024_ BLOCKCHAIN STOCKS WANT TO GIVE IS AN ENCORE

Except something usual happen, we should see block chain stocks gaining again today.

Happy investinh to all.

MARKET NOT BAD TODAY - I AM HAPPY WITH MY PORTFOLIO

I am happy with my portfolio, as I can see a lot of green.

However, my greatest regret is not starting with a subscription/mentoring service, it would have cut my learning time substantially. Today the blockchain (let us call it this, to avoid exposing too much to casual visitors here) stocks are on fire. CIFR is fairly good.

Wishing all the best. Please let us remember the Pioneer member of the forum - OAKPEAL. We wish home well wherever he is. This forum will continue (e fokan bale, not the APC fokan bale ooo. Your money is safe, with a broker outside Nigeria, the worst that can happen if Nigeria Government misbehave ([i]you can guess how they can misbehav[/i]e, your money is technically outside Nigeria, the worst is that US to Naira may be expensive, but if your portfolio is profitable/paying dividends, you continue adding those dividends and your profit to your portfolio). Actually is has been long I added physical Cash to my portfolio, but dividends/moving my portfolio around make me to have a very active portfolio

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.

--------------

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.
New fee schedule:

0% commission per transaction. Buy and sell your assets with 0 commission (*).

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 (*).

Our top priority at Vest is your financial well-being. We work every day to improve your experience and to continue developing tools that allow you to continue building your financial freedom with a solid and sustainable company dedicated to building the best investment experience with and for you.

We will remain true to our core values of transparency and direct communication so that you will always have the information you need to continue with your investments.
 
We look forward to seeing you this coming Tuesday, February 20 in a YouTube Live where we, the Co-CEOs, will discuss these changes in detail, tell you more about upcoming developments at Vest and answer any questions you may have. It's a great opportunity to learn more about how we're adapting to better serve you.
 
We are constantly evolving and will continue to be dedicated to improving your experience.

Thank you for your trust in Vest,

Aaron Co-CEO, Paco,Co-CEO and the entire Vest team.

Financial freedom without borders
(*) Some minor fees and exceptions may apply. Northbound Securities LLC reserves the right to modify at any time and at its sole discretion the commission structure upon 30 days notice.

[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).