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.

MARKET TEACHING US VITAL LESSON!!!
Received one of those mails that tells you how much you would have gained if you had bought Microsoft 10 years ago!!! Actually, I don't regard such type of mails these days and I don't even watch those YouTube videos that tells me the hot stock to buy (by the time you see that video, the momentum may have just ended, just like if you bought a uranium stock yesterday, you are buying when the early buyers are getting out). so you are not likely to be profitable by buying stocks recommended on YouTube (have any doubt, okay buy them and see 3 months from now what will happen to your account).

So back to the main issue I want to point out. We need to buy some strong stocks for medium timeframe, they don't go down very fast in bearish markets like what we have just seen. This idea is vital if we have little time to be watching trades, let us embrace the "COFFEE CAN TRADING STRATEGY* (if you are hearing this for tge 1st time Google it and watch YouTube videos) or better still just join a good paid subscription service that will give you opportunity to ask the provider of tge service question that may be bothering you on trading).

So yesterday, we saw opportunity in : INTC, HPQ. Will stop here today.

CHAKA HAS BEEN DOWN TODAY?

I observed the above and have sent a mail. I hope they will come up soon!!!

THIS IS A TIME WHEN WE NEED AN OBJECTIVE MINDSET
We are seeing that market is not easy. There are times it looks easy and sometimes it is difficult.

This is one of those difficult times. So, for now, we just need to watch our stops and take profits if necessary

THERE IS NO NEED TO PANIC- LET US WAIT TILL CONSUMER REPORT IS RELEASED TODAY
Learning is part of the requirement required for good traders or investors. So let us wait, for things to allign with the long term trend.

For us, if the bull is delaying, we will take profit on our positions that looks threatened.

Happy waiting time to all.

US MARKET STAYS CLOSED THIS MONDAY 15 JANUARY MLK DAY

So we have time to plan our trades for the week?

Full Stock Market Holidays 2024

The following are the stock market holidays in 2024 when the NYSE, Nasdaq and bond markets are all fully closed:

Monday, Jan. 15 — Martin Luther King Jr. Day
Monday, Feb. 19 — Presidents' Day
Friday, March 29 — Good Friday
Monday, May 27 — Memorial Day
Wednesday, June 19 — Juneteenth
Thursday, July 4 — Independence Day
Monday, Sept. 2 — Labor Day
Thursday, Nov. 28 — Thanksgiving Day
Wednesday, Dec. 25 — Christmas Day

MORAL LESSON OF AVOIDING NEWS TRADING - HAPPENS ON 11 JAN 2024

CPI dissapoints, bullish expectation will likely be muted for some few days.

Trading the news can make you lose your gain of one month in just one day. Thus, we can see what we will gain by just avoiding a big one day loss. For me personally the need to get out of the market before the big news is sinking into my consciousness little by little.

WAITING FOR THE TIME MARKET WILL BE BACK TO THE UPTREND HAS BEEN THOUGH
The day we have been waiting for is here. Let us see what the CPI will offer. The Asian season has been bullish earlier today and with bitcoin ETFs approved in US we may see bitcoin stocks maintaining their bullish trend.

So from commodities to stock, everything is looking bullish.

[b]GLOBAL MARKET STILL HOLD THE ACE NIGERIA RISING STOCK PRICES LACK LONG TERM FUNDAMENTALS[/b]

Our twitter page shows some funny solutions by the Government to solve problem of inflation and lack of foreign investors. The proposed solutions are funny and is showing us that we have people who have questionable academic qualifications (did they truly study to get their degrees?) .

Okay, let us take problem of inflation as an example. We all knows the secondary school definition of inflation, too much money chasing fewer goods. Our Government solution ( is funny but that is what our Government has done) :reduce the access to cash for basic spending by the general public, by the time the general public do not have money in their pocket inflation will go (make cash unavailable, if people want to withdraw 100k,banks to give 10k,banks should not load money in ATM so that the public will have virtually no access to Cash). Result: inflation stays.

A better solution like what the US and Co has done, reduce Government spending, Open market operations etc. But the Government has failed to curtail the public sector spending (so maybe our policy makers only remember the definition of inflation that they learnt in secondary school " too much money chasing fewer goods", as the real solution which maybe is learnt at higher level is not remembered, so we should ask ourselves, can we trust that these people realy study basic economics for their various degrees?

We will look at the solution for attraction of foreign investors soon. You know they knew MSCI left Nigeria and they think MSCI is looking for Countries with booming stock market without considering risk? We in this forum and NSEMPA knows that MSCI people are pure professionals in their game and cannot be attracted by gimmicks, government give their cronies money to buy stocks from the market (do not be suprise if some of these Beta Edu/ palative money & Co were diverted through private pockets to pump us the stock market!!!).

Conclusion, we will only buy stocks with good fundamentals in the Nigeria market and we are thinking short term. Main action remains here, especially if we are interested in profiting from the Energy sector

Today, in global stock we are relaxing we know risk is fairly elevated, will take profit if necessary, real season for more aggressive investing will start tommorrow after the CPI report. We are looking to play on the bullish side as we know rate cut is real for the US.

THE NIGERIA MARKET IS BOOMING
I am sure by now "shoemakers will be thinking of putting money in the Nigeria market". Market has risen to the level where professionals will be buying with care. So, if you are buying Nigeria stock, have a short time horizon in focus.

For me, for the fairly long term, global stocks are still the best. I will be buying Nigeria stocks from time to time, but not at this highly extreme prices. I will buy more on retracement

Goodluck to everybody.

THIS FORUM MAKES US GLOBAL INVESTORS-SO TODAY I QUE TO BUY SOME NIGERIA STOCKS IS A PART OF MY GLOBAL PORTFOLIO
If MSCI can invest in Nigeria stocks (but sorry, they are our of Nigeria and may not come back, at least not in this our type of Government regime), who am, I want to copy MSCI and go to any Country where the money is, but remember MSCI will not consider a too risky climate/lying Government where you cannot get real facts easily (so that is why I am in Nigeria stock too, I believe temporarily for now)

I could not imagine myself buying Nigeria stocks again some few months ago, however, I have to burry my pride and have already place an order for that "emi L" stock discussed in our forum. All we are interested in is making best use of our capital.

I feel sad as a Nigerian that the Government people have destroyed viable businesses and are now trying by hook or crook to takeover businesses. Just imagine which stock are rising in the Nigeria market (service based businesses, banks Insurance and we should know who will be the people behind the purchase of most of these banking stocks, people in Government of course, forget the case of Emefuele going round, the present set od ruling Politicians will be behind some of tge purchase of these advancing banking stocks, we wilk hear the true story later). Long story short, I am buying some Nigeria banking stocks, no fundamentals here, just want to make some profits out of the madness going on. And once I see the bubble bursting, I will be out, simple no big story.

Happy 2024 to all. For here, let us see how far these Bitcoin and ETF scenerio will go. I believe we can catch some cruise here too!!!

MARKET IS NOT EASY- WE HAVE BEEN DEFENDING OUR POSITION
The US market has been volatile. Buy we should still keep our focus on the bullish side.

All things being equal, we should see the bitcoin stocks doing well.
[/b]
We will post some of our indicators that shows us what to do in a tough market!!!

Now, I want to be in a position where I will have no favorite stock. We have been tossing the [b]Jona's into the water. Equally, we try to keep our good stocks those that pays dividend or are high growth.