Anyone here following stocks?

[JackParticipant 21]

Hello, first and foremost let me be transparent, I am an amateur day trader/investor, I don’t have any education in the field and I don’t work for anyone in it either. I am signed up to one of those “follow my trade” services, which I haven’t been using much of, and that’s about it.

That said, does anyone here invest in the market? Is there a group with tips and guidance?

Cheers,

Jack

[Faust For ScienceParticipant 22568]

The stock market has become about as crooked a casino as one can find.

To start with the stock market has removed price discovery.

All the major companies get bail outs, this corporate welfare means the American people foot the bill on the losses while the companies keep the profits. The term, “socialist losses and privatize profits” come from this corporate welfare.

“Insider trading” is legal for politicians and foreign globalists but a felony for the common people.

Even if you get lucky with an investment the SEC can charge you with “insider trading”, seize everything you own, fine you into bankruptcy, and send you to prison for five to ten years.

The way “inside trading” law is written, a person is guilty and cannot prove their innocence.

Though, the whole stock market is one large economic bubble on top of another economic bubbles, it is all ready to pop and when the market pops no amount of fiat printed money will save it.

[Anonymous 42]

I got f~~~ed and never went back. I just picked up 100Tr oz. silver, it’s tangible and can’t be watered down by the printing of silver, only because they can’t print silver!

For me the trust is rust, the kind you can poke your finger through!

[Anonymous 7]

I would advise you to get with a certified finacial planning service of your choosing.

Get an idea of your overall needs now and until your death. This will help your understanding of how your composite portfolio will work for you when you need income.

Depending on your future goals, you could be getting better results in another way.

Day trading can be lucrative if done with the correct research backing your opinion, and others, on potential growth and need for said investment.

It is a crap-shoot in human nature with specific avenues to follow, such as, essential/survival needs; food, shelter, clothing, transportation.

Do your research, but be forewarned, people do this as their day job and they still get it wrong sometimes. Me, not included.

Edit to add:
Those foreseeing the apocalypse, learn to make ammo/arms and alcohol. Nobody will want to lug around your gold and silver. You’re going to probably die before being able to dig your stash up anyway. *said with humor*

[Faust For ScienceParticipant 22568]

Anonymous wrote:

I would advise you to get with a certified finacial planning service of your choosing.

Get an idea of your overall needs now and until your death. This will help your understanding of how your composite portfolio will work for you when you need income.

Depending on your future goals, you could be getting better results in another way.

Day trading can be lucrative if done with the correct research backing your opinion, and others, on potential growth and need for said investment.

It is a crap-shoot in human nature with specific avenues to follow, such as, essential/survival needs; food, shelter, clothing, transportation.

Do your research, but be forewarned, people do this as their day job and they still get it wrong sometimes. Me, not included.

From a historical standpoint, we are at the tail of a civilization before a major collapse. Long term investment is not going to happen. Between government looting everything it can find, followed by rampaging hordes looting everything in sight, there will be no investments left.

[Anonymous 7]

Science,

Please see edit.

[MarketWatcherParticipant]

Jack wrote:

I don’t have any education in the field

You will get an education soon. Go ahead and get long this market, I dare you.

Invest wisely.

[Back in BlackParticipant 1732]

Check out what I call the FAT NAG stocks:

Facebook
Apple
Tesla

Netflicks
Amazon
Google

As has been said previously, beware! Historical PE’s are very high. A correction will happen at some point (if the powers that be allow it to – or when they want it to). If you are not one of the elite, be very careful. Lots of good info on youtube. Check out Tasty Trade.

I would recommend putting no more than 2% of your investment $ into any one investment.

"Women are directly adapted to act as the nurses and educators of our early childhood, for the simple reason that they themselves are childish, foolish, and short-sighted—in a word, are big children all their lives, something intermediate between the child and the man, who is a man in the strict sense of the word. Consider how a young girl will toy day after day with a child, dance with it and sing to it; and then consider what a man, with the very best intentions in the world, could do in her place.” Quote from Arthur Shopenhauer, 17th century philosopher

[Faust For ScienceParticipant 22568]

Anonymous wrote:

Those foreseeing the apocalypse, learn to make ammo/arms and alcohol. Nobody will want to lug around your gold and silver. You’re going to probably die before being able to dig your stash up anyway. *said with humor*

That is a very wise point.

Mao said to the effect, all power flows through the barrel of the gun.

I believe the U.S. has gone beyond the saturation point where government lacks the manpower and ability to disarm the American people.

[Anonymous 7]

Back in Black wrote:

Check out what I call the FAT NAG stocks:

Facebook
Apple
Tesla

Netflicks
Amazon
Google

As has been said previously, beware!…

Diversification = not putting all your eggs in one basket.

Also, think of things that a company has to offer if things go south – tangible items to be sold. What will fakebook have to offer to investors if collapse happens?

There are many variables to consider.

[MarketWatcherParticipant]

Back in Black wrote:

Check out what I call the FAT NAG stocks:
Facebook
Apple
Tesla
Netflicks
Amazon
Google
As has been said previously, beware! Historical PE’s are very high. A correction will happen at some point (if the powers that be allow it to – or when they want it to). If you are not one of the elite, be very careful. Lots of good info on youtube. Check out Tasty Trade.
I would recommend putting no more than 2% of your investment $ into any one investment

This is some great advice and a spot on assessment of the current situation! Hear it now and understand it later. BIB I like your take on the FANG stocks, great analogy you came up with. Don’t forget to sell….

[Anonymous 7]

Faust For Science wrote:

… Mao said to the effect, all power flows through the barrel of the gun.

I believe the U.S. has gone beyond the saturation point where government lacks the manpower and ability to disarm the American people.

I agree. Though my worry, do enough of the American people still hold any willpower to wield the same, as a right.

[Faust For ScienceParticipant 22568]

Anonymous wrote:

I agree. Though my worry, do enough of the American people still hold any willpower to wield the same, as a right.

Nationalism is on the rise in the U.S. and in the American mindset, private gunowership and nationalism are one in the same.

The progressive attacks against nationalists in the nation has only emboldened the nationalists.

[Anonymous 7]

As they say, soap box, ballet box, ammo box.

You sound like someone that I may let invest in my forge and moonshine still business, if it comes to that.

Beware the market! It is now solely driven on computer numbers. Get it while it lasts.

[Joey CusackParticipant 1044]

You need a trading method that is repeatable to be successful.

Always have a stop loss in place to protect your trading account because a given loss will hurt you more than a gain will help you.

[MarketWatcherParticipant]

Joey Cusack wrote:

You need a trading method that is repeatable to be successful.
Always have a stop loss in place to protect your trading account because a given loss will hurt you more than a gain will help you

I give this the Market~~~cher seal of approval! Another guy who knows what he is talking about.

[Joey CusackParticipant 1044]

MarketWatcher wrote:

Joey Cusack wrote:

You need a trading method that is repeatable to be successful.
Always have a stop loss in place to protect your trading account because a given loss will hurt you more than a gain will help you

I give this the Market~~~cher seal of approval! Another guy who knows what he is talking about.

Well thank you sir. I did play around in the market back when the “money honey” Maria Bartiromo, was hot.

[MarketWatcherParticipant]

Joey Cusack wrote:

“money honey” Maria Bartiromo, was hot.

LOL!! Old school CNBC. Don’t give up on the market man, but don’t be a fool and buy long term when stocks are not “on sale”.

Maria? Hit the wall.;(

[Ho Lee Fuk, MGTOW!Participant 100]

I trade stocks & Options for a living it’s my main source of income. Disagree with many posters in this thread, it’s definitely possible to make money in trading over the long term. Extreme discipline, a trading “edge” in the markets with good risk/trade management skills. Most important is finding a style of trading/investing that suits you’re personal psychological makeup, which can take a long time in itself. If you can’t find you’re niche it’ll be incredibly hard to stay consistent to you’re trading system & plans within it without giving up prematurely. It’s a game which rewards the fiercely independent, challenge you’re beliefs & expose many personal weaknesses along with opening ones mind up to being flexible with things (Strong conviction in a trade one week but the next being able to admit one is wrong once the position is against you and cutting it without any ill feelings etc.)

I never had any formal training (no finance background or worked in the industry). It was many years of independent studying, research and of course trading that helped me find my footing.

If you like to read i’d recommend checking out “reminisces Of a stock Operator” by Edwin Lefevre. One of the iconic trading books about legendary trader Jesse Livermore. Another good introductory book is “how i made 2 million in the stock market” by Nicolas Darvas. These are good introductory books into longer term “Position” trading which looks to exploits big trends within different markets.

Hope this helps

[WA4SWJParticipant 366]

Guys,

I’ve posted this info before. Go to tastytrade.com and get yourself educated. It is completely free and they have unbelievable trading information and training videos. I say again – it is completely free. They do have their own brokerage now (tastyworks.com) that has low rates and costs $0 to close a trade. Perfect for small traders. Get a paper trading account (like monopoly money) and practice trading with fake money until you understand what you are doing.

It is indeed possible to make money (I am retired now and am making money to pay for retirement) but you really do need to educate yourself. Do not waste money on consultants and folks that promise unlimited profits. They are all a waste of money. Tastytrde is free and is better than all of them. Take charge of your own money. Trade small and don’t bet the farm on one trade.

FYI – I have absolutely no connection to tastytrade other than being a brokerage customer. I have no financial interest in them.

There is a lot to learn so go get started. You’ll be happy you did once you’re in control of your money and know what you’re doing. It is fun, challenging and profitable.

All the best brothers!!

Ed

[Author]

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