₦airaland Forum

SHORTING SIDE LOOK ENTICING, BUT AGAIN I LOOK AT THE FACTS

This is a dangerous product. I learn if for any reason our 3x investment goes the other way by 33%, we loose all our money?

This is a food for thought. Better option may be playing whatever is on the bullish side!!! See this https://twitter.com/piklverse/status/1496525765957263360.

Due to the above, I want to restrict myself on this short side. Why are we shorting, Russia invade Ukraine, risk: a truce is found suddenly? If we stick to this we will keep our focus where it should be.[/b]

I will scan a number of inverse ETFs, however, whaever we do will only be available to the public at the end of the day. Our Options:
- Buy a Oil/Gas Stock/ETF
- Buy Gold/Silver/ Etf
- Buy an inverse ETF anyone at all

This inverse thing is very tempting. We just made about 8% in [b]UNG in about 3 days this is my motivating factor for looking at the options above.

CONDITION WARRANTS OUR PLAYING ON THE SHORT SIDE 24 FEB 2022
Due to fact that shorting is expected to be a hedge against the buying side, it is expected to be a temporary play, plus the fact that you Will not get any dividend paying ETF (ETF for short side of the market are called inverse ETF) on the short side, example are SQQQ, QID, FNGD, UVXY etc).

So If you buy an inverse ETF, know that you must be ready to sell maximum, like 2 or 3 weeks and do not start with the high leverage 3x type.

Best of luck to all

MARKET COMMENT 24 FEB 2022
The worst has happened with Russia's invasion of Ukraine. Temporarily the "short" side seems to be safe. Commodity stocks are immediate beneficiaries. With OPEC meeting for next week oil will likely remain strong. *CRK* is our stock today.

MARKET COMMENT 23 FEB 2022
Another though day in the market. Our scan indicated that the metals (Gold, silver) are still doing well, however, for Gold I hope we should realize that if we buy now, we may be a little late for the party, therefore a tight stop may be necessary. Some stocks we may look at: [b]CRK, LYG, TELL, VNOM [/b]etc.

Russia Ukraine crisis is still affecting the market negatively. We need to apply caution. If Russia does not attack Ukraine by the time we wake up tommorrow morning, there may be some respite for the market!!!

Eagba:
Please oooo can anyone point me to where I monitor/know when US companies are releasing their quarterly earning, by day and just like what forexfactory does for forex trading.
A site that streamline the data for you

Check [url]earningswhisper.com[/url]

Senomii:
Can I buy like $10,000 worth is it safe? Or I should begin with less or just spread it out evenly

.

It may be better to buy small quantity like 25% of what you plan to invest. You know market is at a very risky zone at the moment. Below are some info on WFC for you.

To start investing you need a trading plan, Do you have one?

Senomii:
Do you know anything about buying US banks shares e.g wells fargo?

Yes. The bank is available on all trading platforms as WFC. Current price is about $55.43. You buy is like other stocks,

US STOCK PICKS 22 FEB 2022
Today is a crucial day for the market as Russia moves troops into Ukraine territory. The risk in the market is just too high. Today it is better to stay away from the market or we take positions in dividend paying oil stocks that are still in oversold areas. This is a portfolio killing moment.


Over 500 followers on twitter are not following for fun, they believe we have the stuff. https://twitter.com/AnalysisTarget

MARKET UPDATE/RUSSIA UKRAINE 21 FEB 2022
This morning, intervention seems to have slightly cool down the tension on Russia Ukraine crises, as per the quotes below.

But we still need to be on our guards as, Russia is taking this matter like a game.

However, we can relax a little knowing that by opening of market tomorrow, bearishness of the market will likely reduce.

Over 500 followers on twitter are not following for fun, they believe we have the stuff. https://twitter.com/AnalysisTarget

MARKET UPDATE 20 FEB 2022
This Russia/Ukraine crisis is turning the market upside down. Except there is a sort of compromise tommorrow, the market may continue falling.

What do we do. We have no option but to wait on the sideline. Personally, I will support the staying on the sideline (it is not all the time we should be in the market). Going further, looking at the idea behind the blockchain tokens (I will probably not talk about this again anywhere, except in our WhatsApp group).. One of the reasons blockchain was created is to empower the masses, those that have been relegated to the poverty line for one reason or the other and can never make any substantial money in their lifetime to gain financial freedom. This is why the big Institution and Government will like to crush blockchain if they have their way, however, this is not possible, Due to this reason, the falling market maybe a time to buy some bitcoin but use a system that will ensure you are buying at a bottom, for us we want to use a pivot system (we know we are buying not for immediate gain, probably we will have a mind of locking up this money for the next 12 months).

Market is down, we just need to take our mind away from putting more money in the market till this Russia/Ukraine crisis sees some headway. It is a painful decision but we have no other option, especially if we have lost money in the market resently. We will continue to brainstorm on what we can do again like looking at buying inverse ETF or shorting

US STOCK PICKS 18 FEB
Market still unpredictable due to Ukraine crisis as main driving force of the market at the moment. Not a time to panic, for stocks in metals/oil sector we should not be in a hurry to sell unless we see our target hit.

Rumor of pending truce on Ukraine matter should b be taken with grain of salt. We are still on the sideline, but NU showed a good setup (we are paper trading this only).

Let us enjoy our weekend. For us we continue to plan for next week trades.

MARKET UPDATE 17 FEB 2022
Today the market looks bad. One of those days that you just have to cation yourself without beign told.

A smart person will like to learn fron his own experience, a wise person will learn from the experience of another person. Better to be a wise person, if you try to be smart in this market you are likely to loose a lot of money. So many issue goes into Global stock investing than what youtube will teach, but youtube can be a good starting point, but I can bet you that youtube will never make you profitable (this will be after losing some money?) .

When, I learnt that there are many stock promoters on the internet, it was a big sho k for me, but that is the reality.

For now we keep our cash, not a time to be aggressive in the market, let us see what will happen on Ukraine.

US STOCK PICKS 17 FEB
Market is in confusion,likely to open negative, may subside later in the day. This will be a difficult market, we are watching the #market but staying on the sidelines.

You need a trading system to give U an edge in your trading.

I am worried this morning, looking at some previously high flying stocks now trading at a fraction of their previous prices (GRWD is an example) . Equally you can see many US stock trading forums now deserted, why. This is not an easy market to trade. The remedy is for us to be prepared to learn and get the right tools [/b]so that we can be around, when the market turns properly bullish.

There is money here, but making the money demands that we take this as a serious business and equip ourselves.

For newbies I want to post a very comprehensive introduction on stock trading, but want to avoid ban due to the many references in the right up? Will probably take the risk of making the post anytime from now. Also, if we start getting assess to options, trading Global Stocks from Nigeria will become more profitable? [b]Where is that forum for options and I hope the Admin wilk have a platform that will accept Nigerians?

COMMENT CLOSE OF MARKET 16 FEB
This is the reason we should not panic. Towards close of market, things improved slightly. We are not likely to do anything for the rest of the week, only to start planning for next week.

Our portfolio is good with no usual risk..

Due to the scary way the market started we had no plan to buy anything and it is not possible to change the plan suddenly.!!!

TODAY 16 FEB- LIVE MARKET COMMENT
Today is like a black swan day, I am a little bit surprised, that Russia is still building up troops at Ukraine border. This is a spoiler news for the market. However, if we had a diversified portfolio, there should be no damage to our account.

Let us not panic, tommorow is another day. We just need to incorporate things like this into our plan plus the big inflation news. Temporarily oil/other commodity stocks need to continue to be in our portfolio. Personally for commodity stocks, daily commodity prices makes them volatile and doing buy and hold may not work. For now, nothing new to consider, for commodity stocks we should buy ones that are dividend paying and as close to support as much as possible (like of PAA, CLF, REI etc).

Let us not be discouraged by unexpected events. Can you observe that people are happy to report on other people's pain than success, Bitcoin has been fairly stable but no comment, I remember the last news on frontpage of Nairaland, Bitcoin falls to 38 (let us just forge ahead, Bitcoin will survive along with metaverse, Senior Staffers are exiting big institutions like JP Morgan, Google to join Chainlink, ALGORAND etc).

Have a blessed week. Note that next Monday is public holiday in US there will be no trading, Fridays of long weekends can be bearish? Let us have this in mind.

SlahJoe:
Please sir, does Passfolio now accepts national Identity card (NIN) for account opening

You can use your NIN. I believed I use my NIN too.

LIVE MARKET C0MMENT/FURTHER COMMENT ON AMAZON
Today not too bad. We bought HOOD today using our trading system.

Amazon declared earning after close yesterday, it jumped up. This is good, but our advise to wait is best, only gamblers try to trade earnings (it is like playing a game after full time has expired and now to be decided by penalties). Now that the earnings is out of the way one can buy on pullback to support, buying today when the stock gapped up with about 15% is no no. A good pullback will be about 7% off today's close or look for some pullback in the next few days.

Again, I looking at our indicators with the risk factor incorporated into any pick, we have no option but to keep our stop tight or maximum of 8%..

NASDAQ closed positive for the week 2.38%

Wishing all happy weekend.

Topson88:
Is it a good time to buy amazon or we should expect further falls?

Wait. Let us see when it starts coming up again to around 2973 zone. It has fallen a lot (a stock that has fallen a lot can still keep falling,. We should discard the idea that it lloks cheap) , we should avoid the emotion of trying to catch tge bottom, it can send us out of the market faster than we can imagine.

LIVE MARKET UPDATE
I am exited abour the market and our indicators. Today I am not buying anything. However. HOOD is like having good set up for uptrend.

Let us all stayed tuned, whatever our previous picks has performed would be a childplay compared to what our new picks will show. We should have it being our ming that we will not do buy and hold and our stop loss is going to stay at a minimum of 8%, If any pick is like 2 days to result date please ignore..

BEST APP THAT ENABLE YOU MANAGE YOUR TRADING ACCOUNT
In terms of an app that shows you your cumulative profit and profit for the day correctly, Passfolio is good. For others you may need to keep an excel sheet to know your real profit. This is an area where Chaka and Trove need to work on.

For Trove, the platform is so dumb that once you sell part of a stock, the brain of the platform scatters, whatever percentage profit or loss for that particulate stock will not be correct.

For Chaka, knowing the cumulative loss or profit is not possible, it only shows profit/loss for the day. Also, you need to go and learn computer science to see your order history, ie know the price you executed an old order (Trove gets this one right, the order history recall is bam )

[b]On the whole on terms of showing our profit or loss without us doing personal calculations ourselves, chaka anf Trove need to learn from Passfolio [/b]or they should go to drivewealth for assistanc. Thank God both Chaka and Trove have not been sending assessment forms again, I believe they already know that they are failing in this area. We hope they will see this message and start working on how to improve

Nnamz:
When Yok is called out, he calms down for a day then goes back to his usual self. As for me, I have decided I don't have his strength so now j just scroll through all his numerous selfish market promoting post.

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Show us how many postings you have made telling us stocks to buy? If not for the likes of YOK this forum would have been inactive. Let us bring our ideas. People need longevity in the market to be successful and how do we achieve longevity without profitable ideas. Please let us all start contributing. I tested stopping for 2 days and nobody posted anything!!! This forum will not die it is a source of viable opportunity to make money if we have good trade ideas. We cannot achieve perfection with no idea, for example the rule of avoiding buying 2 close to earning dates or on FOMC meeting dates are rule which somebody can be reminding us about. Somebody simply posting about things like this will be a valuable contrition to the forum!!!

TODAY IS LOOKING LIKE A RISKY DAY IN THE MARKET
Market may likely pullback today. Good time to wait on the sideline. Seems like early weekend forced on us by the market

This forum need to get more contributions. There is good reward, but there is risk. Equally, the fact that we are not familiar with many of the companies is another matter. Nevertheless. I believe we all get better with time.

If more people are making contributions, I am sure postings by YOK should not be all over the place. We need to ask ourselves, how many of us are still active in the market? I am asking this question, as we experience something not too good on one of the local APPS resently. Unfortunately nobody talk about it?

Don't let us give up, trading is a profession it will take tile to learn. Equally for you to practice a profession you need tools and one of the tools will be an idea source hour do we get our ideas, what do we use in processing the ideas to arrive at our final buying or selling decision?

LIVE MARKET COMMENT - CLOSE OF MARKET 2 FEBRUARY
Not a bad day. Oil stocks initially saw some shaking, but later survived. Our scan told us that it may be the turn of the metal stocks to run soon: Gold/ Cooper stocks were showing some strength. Our pick of the day was [i]CLF[/i

Having the right tools for a job is good, our indicators gives us an x-ray view of the market.

This market is interesting and this forum will continue to bubble with activity. At least anybody can visit here for ideas to consider. We are contributing ours, others can contribute too There should be no dull moment here.

[quote author=Coolcash1
Only you have been posting and posting..be calming down mr man.

My take.[/quote]If this is the original Coolcash from NSEMPA, your comment is noted.

SO MANY STOCKS AT OVERBOUGHT REGION
Trading is like a war, sometimes when you reach the battle front you have to know when to retreat or attack.

As at this afternoon, we liquidated some of our trades. For the rest of the week, we are taking the time to plan for the coming week.

Let us protect our profits, opportunities the market will always be there.

Let us note that, others with ideas that can make all of us make money shouls start posting. This forum has potential to make us money. Comment by Coolcash is noted. This forum belong to us all.

Ovamboland:
30% tax rate is high oh.

And we are complaining of 10% tax on dividends in Nigeria

This one of the industries that attracts highest tax rate. there are others , that have lower rates and some that are tax free.

However, the high tax rate is the reason growth stocks are better. But in a period when the market is bearish, one has no option but to have some dividend paying stocks in the portfolio.

MONTHLY DIVIDEND IS GOOD IS LIKE COLLECTING RENT
I love monthly dividend, expecially when the stock gives a [b]yield of above 10%, [/b]Also note that the stock QYLD is an ETF that is fairly stable in price no matter what happens in the market.

This type of stock is a protection against a bearish market.

This is one of the reasons we love Global Stocks. There are still stocks that are safe, income producing and stable.

Stay with us for the best information on Global stocks.

Over 500 followers on twitter are not following for fun, they believe we have the stuff. https://twitter.com/AnalysisTarget

MONTHLY DIVIDEND IS GOOD IS LIKE COLLECTING RENT
I love monthly dividend, expecially when the stock gives a [b]yield of above 10%, [/b]Also note that the stock QYLD is an ETF that is fairly stable in price no matter what happens in the market.

This type of stock is a protection against a bearish market.

This is one of the reasons we love Global Stocks. There are still stocks uhthat are safe, income producing and stable.

Stay with us for the best information on Global stocks.

Over 500 followers on twitter are not following for fun, they believe we have the stuff. https://twitter.com/AnalysisTarget

MORNING UPDATE 2 FEB 2022

With the quality of the after market gainers on close of 1 Feb 2022, the bears just need to wait. This week will likely go to the bulls.

We still need to play safe, there is still risk in the air, only good quality stocks are good for our portfolio. Our stocks for today were given yesterday night as: UUUU, FLR, VVV .

Have a good day.

We are the go to service provider for trading signals!!!.Stay with us and become a profitable trader

Over 500 followers on twitter are not following for fun, they believe we have the stuff. https://twitter.com/AnalysisTarget