Plainview's Stock Trading Thread...
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With $500 you're going to want to look at stocks under $10 MAX. You'll have to buy and then wait. With that small of an account, you're in the set it, set a sell price, and forget it until it sells. If it goes too long without a profit, try to break even. Don't forget to include any fees in that calculation if there is any.
Stocks in the $10 range are only moving cents per day. Sometimes you'll get one that pops a few dollars, but that's really rare. Look for stocks that are down for the past 30 days. Those are probably your best buys to set it and forget it.
Pennie stocks, stay away since your roll is small. It's the quickest way to lose everything.
This is just my amateur opinion. I think back to when I first started years back with the same $500. Made absolutely nothing as fees ate up most profit. Think of that $500 as a good learning and playing around lesson.
https://www.businessinsider.com/rob...-suicide-options-negative-cash-balance-2020-6
Yikes. So sad.
A concern about robinhood is that it can be buggy sometimes. It went down on leap day and cost me some monies.
Yikes. So sad.
A concern about robinhood is that it can be buggy sometimes. It went down on leap day and cost me some monies.
Haven't traded this week. Last week I bought Ford and Ralph Lauren and bot dropped about 3% and I doubled up on them, I do that if the drop is significant enough. Now, they're just waving back and forth. Since I don't want to take a loss, I'm stuck with them until they're up, which should hopefully be next week. I have money left to trade, but want to keep reserves in case one, or both, collapse and feel they're at the bottom.
FINALLY one of my holdings jumped. Ralph Lauren had a nice jump today, it was down big, and I tripled up on it since it was so down. Bought 300 shares for an average of $70.33 per share. Sold it at $71.75. It will go higher than that today, but since I had it for over a week, I didn't want to hold onto it in case it drops hard as the volume is very low and can have big swings fast. $424.52 and 1.66% profit.
I still have 2000 shares of Ford. It's up today, but I'm still down on it by about 1%. I don't want to take a loss on it, but I may take a loss if it's nearing .5% down for me. It may be time to cut losses. With RL sold, I have more flexibility in my mind.
I still have 2000 shares of Ford. It's up today, but I'm still down on it by about 1%. I don't want to take a loss on it, but I may take a loss if it's nearing .5% down for me. It may be time to cut losses. With RL sold, I have more flexibility in my mind.
Doesn't look like Ford will jump today and I'll be bringing my holdings into July. Performance for June was 5.15% total net gains for the month. That's an awesome return for a month where I missed a lot of time trading because I didn't know how to trade the market conditions. This is about half the gains last month because of the JCPenny fluke where I made a great percentage net profit. Forgetting about JcPenny, last month's performance was in the 7% range. I forgot what it was exactly. The past two months combined has my trading account value up 16.22% over two months. I couldn't be happier as an amateur trader.
It's been a long waiting week. Bought AIG, Ralph Lauren, and GE all on Friday last week. All dropped significantly. Today, AIG had BIG jump. I doubled down, nearly, on it mid week when it was really done. Since it was up a lot today, and ripe for a big drop Monday, I got out at $287.14/1.8% profit. It wasn't a home run considering how long I held onto it, but it's still a nice profit. No picture as there are a lot of sites, including Imgur, that are gimped because of a facebook SDK issue.
Still have 1000 shares of GE and 200 shares fo Ralph Lauren. I doubled up on Ralph Lauren when it dropped significantly also. Hopefully I can move both of these on Monday.
Right now the market is scary. There's a LOT of false value in it that is going to have to collapse at some point. Apple is up 10% for the month and Tesla is up 58%!!!!!!!!!! Neither makes sense except for traders artificially inflating it. There are a lot of stocks like that.
Still have 1000 shares of GE and 200 shares fo Ralph Lauren. I doubled up on Ralph Lauren when it dropped significantly also. Hopefully I can move both of these on Monday.
Right now the market is scary. There's a LOT of false value in it that is going to have to collapse at some point. Apple is up 10% for the month and Tesla is up 58%!!!!!!!!!! Neither makes sense except for traders artificially inflating it. There are a lot of stocks like that.
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Ever mess with foreign stocks? Wondered if other markets might be more stable? Or at least have less crazy speculators?
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Some of the same companies will be in both. And regardless you want to do research if a company is stable or is even a real company and not a scam, i'd imagine that would be more difficult if you're trying to deal with a foreign market only company. ETF's are less risky or companies like Apple or Microsoft if your trying to buy with low risk, however at the moment if your looking to long low risk stocks it might be better to wait till the next big drop.
https://jalopnik.com/tesla-sure-looks-like-its-gonna-pull-this-off-for-now-1844338357
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With Tesla shares more than tripling this year, short sellers—investors who have bet against the stock—have lost $17.89 billion on paper during the period, according to Ihor Dusaniwsky, head of predictive analytics at S3 Partners. In July, the bearish investors are down more than $4 billion, with shares up 2.1% on Thursday.
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Damn.
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With Tesla shares more than tripling this year, short sellers—investors who have bet against the stock—have lost $17.89 billion on paper during the period, according to Ihor Dusaniwsky, head of predictive analytics at S3 Partners. In July, the bearish investors are down more than $4 billion, with shares up 2.1% on Thursday.
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Damn.
Ralph Lauren and GE FINALLY sold. They were both WAY up pre-market above my sell prices. I decided to leave it so they sold at the bell no matter what since they were way above my sell price. I could have held on, but since I've had them so long, and they were both well above 5% return, I decided to let them go. GE netted 5.18% and Ralph Lauren netted 5.43%. It was an awesome day and it kinda made up for having to hold onto them for a little more than a week. Glad I didn't sell yesterday when they were both about 1.9% profit.
Watching how Ralph Lauren reacts when it jumps, I think the next time its below $69 a share, I'm gonna hold onto it for a little longer. I missed out on 2% more gain since it's still slowly rising. It seems to do that fairly often. The one issue with it is that there's always very low volume with it. It's up 6% right now with not even 200,000 shares being traded. It seems like this is a pump and dump stock. Traders wait until it's sub $69 and drive up the price quickly when they're ready to let it go.
Tesla is typically overvalued if you look at it compared to profitability and assets; the difference is in intellectual property, which can fluctuate in value based on perception. If Elon Musk tweets something racist or weird the stock could drop 5%.
Bought GE 1000 shares at $6.96 yesterday and sold it today for $7.10 per share. $149.84/2.16% profit. What I thought of today, since I didn't have any prospects yesterday, I should have bought more shares to increase total profit. I have to keep that in mind next time when other stocks don't fit my eye that day. It was down, and I should have bought 3000 more shares.
Anyone have any favorite resources to read for getting into the market? I'm looking for long term growth but also pretty keen on just dabbling in some day to day trading here and there.
I thought about starting up a couple years ago and mainly try to buy into tech but didn't have enough savings to properly get into it. What a mistake that was haha.
I thought about starting up a couple years ago and mainly try to buy into tech but didn't have enough savings to properly get into it. What a mistake that was haha.
Apple's doing a stock split 4 to 1 end of next motnth.
https://www.marketwatch.com/story/h...old-dow-industrials-11596148180?mod=home-page
https://www.marketwatch.com/story/h...old-dow-industrials-11596148180?mod=home-page
I would drop a good chunk of change on them and just let it sit, but I’m trying to refinance so I can’t make any big money moves.
Yea its nerve wracking right now cause any drop maybe the next big drop and you could end up getting locked up in stocks you didn't intend to.