₦airaland Forum

ON THE RATE CUT ISSUE
Please let us follow up the market and check both sides of things so that we do not scare ourselves out of the market.

If we have been following issues closely we will know that rate cut is not expected immediately. However, the rate cut agenda is on the table. We not not need any debate, all we need to do is flow with the market. The AGAIN, in the 1st information on rate cut is the culprit here.

Actually, we are all interested in this inflation matter and we know FED has a tough job at hand and just like all the world rose against inflation surge in the past, such collaboration may be necessary again, especially now that Russia has escaped all the sanctions put on their part to ensure rise in energy prices are curtailed. Let us be watching how the FED will tame this inflation in the face of rising energy prices.

However, going forward, the RATE CUT AGENDA is still on and ALIVE (actually it is a major driver of the bullish expectation in this market). So, if you hear that FED is abandoning rate cut, let us move our trades to the sell side.

FOR TODAY EXCEPT SOMETING UNEXPECTED HAPPENS, LET US LOOK FORWARD TO ANOTHER BULLISH DAY

Wishing all tge best. THIS MARKET MUST PUT MONEY IN OUR POCKET THIS YEAR

[quote author=chisomkachy post=128875986][/quote]Little by little confusion is strong in. The lies of this Government will make them bring destruction upon themselves. People are praying for this Government like: all the people making Nigerians to suffer, God scatter their language, all the the leaders that want Nigerian on palliative: may they and their family end up their lives depending on palliatives!!! . We are sure the prayer of the masses will come to pass soonest as the North are becoming aggitators too, just like the East

BEFORE WE HAD A LIE MOHAMMED SPEAKING FOR THE GOVERNMENT - NOW ALL THE GOVERNMENT ARE LIERS
This Government keep telling lies to tge Government from the Presidency to the Ministers, Legislators, etc they are all liers.

It is unfortunately that this Government will bring itself down, as there was jubilation when the "Rawlings boom sound " happened in Niger, the jubilation in Nigeria will be 3x that if by any me any means the *boom sound happens". Nigerians need Devine help to deliver them from a Pharaoh that has purcthe people in slavery worst than what the Eqyptians did to Isreal. It is like tte people are crying when are we going to say " the Egyptians we see today we shall see the no more, the sea just need to swallow all the slave master currently in power. And interesting thing is that God know how to deliver people when he knows the pain is too much. This Government has become the enemy of the people and these days we know what prayer people prays for their enemies (even Christianity has change, the Christian now prays that all their enemies should " - - - - -" we all know the MFM style. So this Government should know the type of prayer people are praying for them at the moment!!!!

[quote author=Arobaga post=128360360]The stage is set for "BOOM LANGUAGE" in the word of the Late Jerry RAWLINGS. When the Govt fails to hear the word of the people. Thank God the developed world know that democracy is not the best for Africa. In Mali, Gabon, Niger etc, the developed word failed to impose sanction on were the Military men have taken over. One thing is sure, if military is in control, terrorist will have no option, but to go into hiding. We are looking at the unfolding situation, if a Government is not capable then they better get out or reverse the polices that have brought hardship to the people. Jonathan regime remove some items from dollar allocation, this government reverse it saying Customs need to make more revenue, which is more important, Government revenue for the few to embezzle or the welfare of the general public (final result will come out soon). But like one Pastor use to say to the song "Ma Jaye oni o, Mi meyin Ola Oo" We know the eyin ola for this Government that is deaf to the demand of the public, it is either the "boom sound or the masses advise themselves"

PRE-MARKET LOOKING SO GOOD FOR CRYPTO RELATED STOCKS
If you cannot make money in this market, at the moment. You need to cover your face with your hand.

WE ARE OBLIGATED TO GIVE STOCK PICKS EVERYDAY- EVEN IF WE ARE BLOCKED SOMEWHERE, YOU WILL SEE OUR PICKS IN VARIOUS LOCATIONS!

We are not changing our comments, as market condition has not changed, tech stocks hold the ace in terms of capital appreciation. Industrials are good too and bitcoin stocks still have a pattern showing further uptrend, despite the strong gains yesterday.

Yesterday we consolidate our postion on SURG.

LET US BE WATCHING THE BULLISH MOVE IS ABOUT TO START-- TOMMORROW IS THE MAIN DAY

This is the forum to be. We will all enjoy the benefit of this forum if we just do the right thing, among which are:
. know some technical analysis
. Avoid those weak penny stocks, especially Biotechs(except there is a worldwide pandemic).
. cut losses short (8 to 15%) should be the maximum to allow. You are likely to recover fast
. if you are just starting, join a good, but cheap subscription service
. never take trade ideas from unknown sources
. test all trade ideas with your technical analysis. I appreciate good ideas, like someone mentioned ROVER recently, a good one as per recent performance, our technicals should tell us the time to enter tge trade, it may not be the day tge idea was received

. avoid news trading/youtube recommended stocks. Many youtube mentioned stocks are advertisement in disguise to make you buy fairy new stocks/unpopular stocks

You can add own idea of what to watch for in order to stop losing money!!!

For me I continue my dancing, SKELEWU 9f course

THE BULLISH MASCURADE WILL COME OUT TODAY?
After market opening, the GDP report will come out. Thus report is always according to expectations.

Report coming out positive will further move the market. However tomorrow's CPI is the key one. So we wait to see these reports.

GOLD BREAKING OUT!!!!

17 NOVEMBER 2023
End of another good week for the market. The coming week may be fairly dull. Main event is Wednesday Fed minuans the fact that we will have a four day trading week.

Below comment shows the the important of technical analysis over fundamental analysis for the small traders. If we are not careful, relying on fundamentals alone can kill our account, as it is fundamentals that will tell us to wait when prices of our investments are falling, instead of obeying the rule of cutting our losses short!!!

A good way to have some I dept on technical analysis is our "trading plan blue print". Shows you:
-How to get free charting platforms
-websites where to get trading ideas from a confirm source(not just any site, hedge funds use this site, but you will take advantage of the free ideas as a stater)
-technical set up you can start using to start making money immediately
-Introduction to Sector analysis, which stock you can buy on a particular day and be in profit from day 1
-Gives information on Major APPs you can use in trading local stocks
-plus many more. It is a book you can finish in 2days and after that you should be ready to trade.

SEE the message below as to why you need technical analysis now!!!

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MARKET NOT BAD TODAY

Today we bought oil/tankers stock as planed.

The quality of a good trade is following your plan. Winning or losing does not matter.

However, a good system will deliver winners in the long run.

I NOW SEE WHY IT IS GOOD TO BE A SPECIALIST

Focusing on few indicators, few stocks and having a tab on intermarmaket analysis can have significant effect on our profitability!!!

Today we are going full blast on Energy, Oil specifically. As usual, we will tell our members what we have bought. For members, no need to worry, you can easily start with that oil stock we have been pointing out. It has the fundamental to withstand all the pressure that may come from the market!!!

EARLY MORNING SIGNAL IS GIVING INDICATION OF A LIKELY BULKIS DAY 16 NOV

Above is the general expectation of the market, but with some 2 Fed member speaking, any mention of "rate hike " will slow down the bullish move temporarily.

You need good indicators to succeed on this market. Example of a stock that our indicator say buy Is CVI, I did not see the fundamental, we bought and we are happy.

THIS MARKET LOOKS TOO HOT

Some stocks are looking too overbought. Today I overcome the temptation to buy anything. I want yo wait till tommorrow to see what to do. Some opportunities are just begging to deliver profits!!!

hometutorslagos:
Hello,
Please how do you get across to Trove when you have issues with deposit? I have been sending messages but no update yet?

Thanks

Send email to :
hello@troveapp.co

You will get response. But transfer using your app is preferred.

WHOEVER BELIEVES BUARI CAN EVER PROPOSE TO BUY PRESIDENTIAL YACHT WILL BELIEVE FALSEHOOD

A reasonable person will know that BUHARI can never propose to buy a YATCH in the midst of the challenges facing the Country. Only an insensitive regime like the current one can do it. Shame on this present set of the people in Government and their social propaganda team. This Government is a TEAM "" government, the worst we can ever have.

STOP LOSS IS GOOD

I was busy with something else, and suddenly today market made a 90 degree about turn from positive to negative. I just checked my wallet and my stop loss has taken me out of some trades. This is fantastic.

Going further, with POWEL speaking tommorow, at Jackson Hole conference. The speech may probable throw the market into a bearish "Hole". So, for today and better part of tommorrow, I want to be in cash!!! 5% Total loss on a portfolio is big. I need some rest!!!

MSCI is telling us to expect the slowdown to continue in the short term

TODAY IS A DAY WE SHOULD PUT OUR EMOTIONS IN CHECK
I was able to withstand the urge to place a new trade today. The rule of trading say we should watch the general market before making a move. You cannot be wiser than the market, so if the market is falling, there is no need to try to buy in order to pick a falling knive, all in the name of buying a pullback. My waiting just gave me opportunity to buy at a better time and probably lower price on another day!!!

So we keep our cash.

For now safety of our funds first.

WHAT DO YOU DO ON A FEARFUL DAY LIKE THIS AS MARKET PREPARES TO OPEN?
Simple, we follow our plan. If you have quality stocks, no need to worry, just follow your plan.

For us our plan today is to see[b] if our bitcoin stocks continue losing, we Exit today without fail. And if our stop loss pass a particular [/b]thresholds, we sell and move on. A example of maximum loss for a swing trader who holds strong stocks is 20%. So, any of my stock that hits the 20% threshold or lose 20% from a recent hight is booted out of my portfolio, no apology (please do not assume this figure is hight, we need to avoid losses getting to 50 or 70%. recovery will be too difficult) for 20%, recovery is possible Ina matter of weeks.

If you fail to exit your poor quality/loisi g stock this week, you may likely see a bigger loss next week. This is not to scare anybody, but just the reality.

Let us have a nice day and protect our capital.

Going forward, please this is a time to slow down, next week may be more dangerous than this week if tge 2 reports from US is negative!!!!

TARGET TECHNICAL ANALYSIS- MARKET PLAN FOR 20 APRIL 2023
Some investors are still buying Nigeria stocks as indicated by the MSCI chart (we will check the MSCI recent purchase and report back on the Nigeria stocks being purchased, the level of optimism by the MSCI chart is just too much, even better than what the local Nigeria market index is doing?

There is likelihood that checking MSCI addition may give us some clue. Transcorp still on fire next, resistance is 2.83 to 3.82 looking at the monthly chart. Current index support level to monitor is 50695.

DESPITE ALL THE ISSUES- CHAKA DID WELL TODAY
Complain that plaform was not working. Chaka responded swiftly and[b] I was able to place my my trade for the day. [/b]Quite commendable.

We are enjoying early Christmas here, problem is choosing if you should take your profit and jump to another. On some accounts Mara should be above 20% in profit at the moment and URANIUM sector is begging whoever cares to come for free money

[quote author=victichy post=122479712]@OakPearl, I have been following this thread since it’s inception. I registered on Trove app because of this Thread (2019). So it’s over 3 years of investing. I have made over $50,000 deposits on Trove through Real estate Money hoping to invest for a long time and make some money. Unfortunately, most of the stocks I invested in Went down and my money as I speak has Been reduced to a little over 10k.

You should be able to withdraw the money gradually, mayby not everything g at once. If the cash is on your account, withdrawing should be easy. Drivewealth cannot hold your money. But I know for some few stocks that are not easily tradeable, the broker may need to tell drivewealth to sell for you. You make the request and Trove will pass it to Drivewealth and I am sure drivewealth should be through in like 2 days. Sproutfi did like that for me on GEL,

Also, you should be telling some of the new people, those stocks that made you lose so much money.

I THINK THIS TROVE PEOPLE ARE MAD
I just try to us the small the small amount I have on Trove. To my surprise, they want to charge NGN4.9, when what I am buying is just NGN19. 7 in total

No story, I am withdrawing the cash and heading over to Chaka. We do not need to beg any app to be reasonable, we have our money and we can use it anywhere we want. This is why Sproutfi is best for me as at now.

And if Chaka, misbehave, I
say with my traditional local broken (Morgan of United Capital). I cannot even use these apps for local stocks, they are too small and charges high commission (sorry o CHAKA, TROVE AND others, we love you but you do not love yourselve ).

Don't mind me for using NGN it is our code for keeping things secret here. We only spend Naira in Nigeria

[quote author=Havemercylord post=117173364]Hello, I am in need of a programmer who can design and program a website.

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Be careful of whom you deal with. Many of these people are fraudsters. Rejoice Chikamnele shown below designs websites among other things, but he took my money's and switch off his phone. And they work as a team and have many names. Also check the time the person opened his Nairaland page, if less than 2years run likely to be a Scammer using a new name

SIR CHIKAMNELE HAS BEEN SCAMMING PEOPLE USING WEBSITE DESIGN AND SELLING GSM RELATED SERVICES AS A COVER
This person took my money to do shared short code, but he never deliver the service. He is a thief. I observed that he operates with many names as shown below.

A serial fraudster. I believe he is operating as a syndicate. So be careful of people rendering service listed below. The guy I am sur is operating from OWERRI.

[quote author=God1000 post=116026371]This is heartbreaking, and we have a clueless and inept president that is always in coma.
______________________________________________________________________________________________________________________________________
[b]PLEASE I WANT A GRAPIC ARTIST TO GIVE ME SHETIMA MEME WITH COW SITTING DOWN
All the Shetima mimic are just too funny. Maybe Shetima is telling us what to expect, probably there will be no NEPA to iron cloths by then?

https://twitter.com/YeleSowore/status/1549854034617679874?t=X1xs57hjiQfiOzmfOY9FYQ&s=19[/quote]LET US CALL A SPADE A SPADE
This current Government has failed in provision of Power (was power this bad in previous years in area you are currently staying, why did current Goverent not maintain the facilities) . Did we have outages like this in the past? The Buhari/APC regime should have used the various recovered looted funds to address the Power issue. At least Obasanjo solved Power problem during his time and the government is free to probe for looted funds and recover them. Current APC government has failed totally in the area of Electricity and Security. Our prayer is that may we never have these type of vagabonds in power again.

[quote author=ExAngel007 post=114162956]PVC PROCUREMENT BEING CHAMPIONED BY RELIGEIUOS BODIES NOW MAKE SENSE TO ME
A big church Pastor told us to go and get our PVC, make sure we vote for anybody we like (whether they will rig it or not) and then leave the rest to God. This matter struck me, when he said we leave the rest to God.

The message make some sense. The next election will have a lot of shock for us.