mtbakerpow
Active member
If any of you nerds are trading daily and have any advice feel free to share it here 
**This thread was edited on Apr 21st 2018 at 3:58:05am
**This thread was edited on Apr 21st 2018 at 3:58:05am
Stock market
- Thread starter mtbakerpow
- Start date
mtbakerpow
Active member
13914811:JoeF2661 said:
You should ask what stocks he’s holding until 2019
**This post was edited on Apr 11th 2018 at 10:06:38pm
oiucheekykunt
Member
To lazy for trading rather just buy etfs
Dustin.
Active member
It's been empirically proven many times that 99% of day traders can't beat the market in the long term. When you add in your fees to trade, 35% vs 15% tax rate, and the volatility of day to day trading, it becomes expensive enough that you need really big short term wins consistently. That is almost impossible to do. Now factor in your time and you might as well work a real job and invest the money long term anyway.
I buy individual stocks when I see excellent opportunities for a long term investment. It's usually something obvious to you, like replacing the worst thing in the world with something better (leave Comcast for Netflix, for example - boom. I guess I should buy Netflix because literally everyone I know hates cable and wants a cheap option). Another one I like to use as an example is Boeing. I am in the aviation and military realm every day, so when I noticed that Boeing pays a generous dividend, airlines are expanding at a tremendous rate, and that Boeing is the sole manufacturer to most GPS guided weapons, I saw a fantastic buy opportunity and was happily surprised by how good that 3 year return was. Another common example is Apple. I bought Apple in 2007 when Steve Jobs unveiled the iPhone like many others. There was nothing remotely similar to that on the market, my dad owned a brand new Motorola Razr that day. Those are times you can make a solid buy and hold on for the long term. I did sell and re buy a few times along the way to lock in gains and get back on the train, but those are rare opportunities.
These are wins I'm listing of course to provide examples of what I look for. I have also bought stocks with great confidence only for that company to have an Earth shattering trip up the next day that crushes a previously great business model. When I average my wins and losses, it's not much different than my return for by far my biggest holdings: long term ETFs/Mutual Funds (which take zero man hours to maintain). So hopefully this helps you wrap your mind around it. Realize everyone you talk to will list their wins and tend to not mention the day they lost 40% because they were stupid and excited, so temper your emotions with the data and you'll do well. The biggest thing you can do is save more, so passing on your 4th ski jacket and investing that money instead will get you to your financial goals years, maybe decades faster.
I buy individual stocks when I see excellent opportunities for a long term investment. It's usually something obvious to you, like replacing the worst thing in the world with something better (leave Comcast for Netflix, for example - boom. I guess I should buy Netflix because literally everyone I know hates cable and wants a cheap option). Another one I like to use as an example is Boeing. I am in the aviation and military realm every day, so when I noticed that Boeing pays a generous dividend, airlines are expanding at a tremendous rate, and that Boeing is the sole manufacturer to most GPS guided weapons, I saw a fantastic buy opportunity and was happily surprised by how good that 3 year return was. Another common example is Apple. I bought Apple in 2007 when Steve Jobs unveiled the iPhone like many others. There was nothing remotely similar to that on the market, my dad owned a brand new Motorola Razr that day. Those are times you can make a solid buy and hold on for the long term. I did sell and re buy a few times along the way to lock in gains and get back on the train, but those are rare opportunities.
These are wins I'm listing of course to provide examples of what I look for. I have also bought stocks with great confidence only for that company to have an Earth shattering trip up the next day that crushes a previously great business model. When I average my wins and losses, it's not much different than my return for by far my biggest holdings: long term ETFs/Mutual Funds (which take zero man hours to maintain). So hopefully this helps you wrap your mind around it. Realize everyone you talk to will list their wins and tend to not mention the day they lost 40% because they were stupid and excited, so temper your emotions with the data and you'll do well. The biggest thing you can do is save more, so passing on your 4th ski jacket and investing that money instead will get you to your financial goals years, maybe decades faster.
kingsskier
Active member
I more or less want to have this in my threads for updates.
Day trading is a tough little fucker. I have been day trading off and on since I built up my $25k needed to pattern day trade and I find it to be a little adrenaline rush when I get in. I make sure I do my research and I really dont get in unless a lot of factors add up. But its still risking a ton of money for a small gain normally. I have hit some 50-75% winners and that is great. I have hit 30% losers too. But normally its 7-10% on a really good day. So, if you risk $20k for a good daily return of 7%, you are getting $1400 back. If you take a big spike in the eye, you lose $5k in a few minutes.
Some things I look for:
Previous days activity
Is there news that day on the company
Off market trade patterns (this one is big)
Average and recent volume (this is often overlooked and screws a lot of people)
Opening partterns
Mid day patterns and volume
Anyone use any other major factors?
Recently, I like ARQL if you can get in below 2.70 for a multi-day hold. If I remember what I read, they are presenting phase 2 findings to the AACR in a couple days and I dont think they would advertise that they are if they had bad news. I bought in the other day in the low 2.60s and expect it to get to 3.1x or higher after they announce their news.
Turtle beach (HEAR) and Sprint (S) treated me well the past couple days.
**This post was edited on Apr 12th 2018 at 3:37:00pm
Day trading is a tough little fucker. I have been day trading off and on since I built up my $25k needed to pattern day trade and I find it to be a little adrenaline rush when I get in. I make sure I do my research and I really dont get in unless a lot of factors add up. But its still risking a ton of money for a small gain normally. I have hit some 50-75% winners and that is great. I have hit 30% losers too. But normally its 7-10% on a really good day. So, if you risk $20k for a good daily return of 7%, you are getting $1400 back. If you take a big spike in the eye, you lose $5k in a few minutes.
Some things I look for:
Previous days activity
Is there news that day on the company
Off market trade patterns (this one is big)
Average and recent volume (this is often overlooked and screws a lot of people)
Opening partterns
Mid day patterns and volume
Anyone use any other major factors?
Recently, I like ARQL if you can get in below 2.70 for a multi-day hold. If I remember what I read, they are presenting phase 2 findings to the AACR in a couple days and I dont think they would advertise that they are if they had bad news. I bought in the other day in the low 2.60s and expect it to get to 3.1x or higher after they announce their news.
Turtle beach (HEAR) and Sprint (S) treated me well the past couple days.
**This post was edited on Apr 12th 2018 at 3:37:00pm
.MASSHOLE.
Active member
If you want event-driven stocks to trade, healthcare is a really good (but difficult) place to look.
There is a whole host of data available online for the general public, and even more so if you are still in college and have access to the library since most have ability to access scientific and medical journals.
You can also track a lot of the clinical trials ongoing through clinicaltrials.gov as well as see what trials have failed/are currently ongoing in the same indication.
My tip right now for stocks to look at in this sector? COOL (PolarityTE) and CBAY (Cymabay).
COOL is down a lot recently but the technology is quite interesting and promising. Their issue is that they can't present their story in a coherent manner to investors but the science community loves it. I'd expect them to be bought out in 12-24 months.
CBAY has some really promising NASH and PBC data which are hot places to be currently.
I'd invest in them myself but I can't for a multitude of reasons related to work and connections with the companies listed above.
If you're investing long term, stick with bluechips and ETFs.
Day trading, IMO, is a waste of money for 99.9% of the people who are looking to make a substantial amount of money from it. It's fine to dabble with a few thousand in but as someone said above, in the long run you're better off elsewhere.
**This post was edited on Apr 12th 2018 at 4:14:13pm
There is a whole host of data available online for the general public, and even more so if you are still in college and have access to the library since most have ability to access scientific and medical journals.
You can also track a lot of the clinical trials ongoing through clinicaltrials.gov as well as see what trials have failed/are currently ongoing in the same indication.
My tip right now for stocks to look at in this sector? COOL (PolarityTE) and CBAY (Cymabay).
COOL is down a lot recently but the technology is quite interesting and promising. Their issue is that they can't present their story in a coherent manner to investors but the science community loves it. I'd expect them to be bought out in 12-24 months.
CBAY has some really promising NASH and PBC data which are hot places to be currently.
I'd invest in them myself but I can't for a multitude of reasons related to work and connections with the companies listed above.
If you're investing long term, stick with bluechips and ETFs.
Day trading, IMO, is a waste of money for 99.9% of the people who are looking to make a substantial amount of money from it. It's fine to dabble with a few thousand in but as someone said above, in the long run you're better off elsewhere.
**This post was edited on Apr 12th 2018 at 4:14:13pm
mtbakerpow
Active member
Wasn’t able to buy the ipo this morning with my Schwab account so I ended up buying fmc,alb and some ge.
Hoping to get info on Didi Chuxing, Ant Financial and have cash ready to buy when they go public
**This post was edited on Apr 12th 2018 at 5:33:49pm
Hoping to get info on Didi Chuxing, Ant Financial and have cash ready to buy when they go public
**This post was edited on Apr 12th 2018 at 5:33:49pm
mtbakerpow
Active member
13914938:TRVP_ANGEL said:
Ya I’m hoping more people dump intel stock and buy amd in a few months . I only have 133 shares of amd but tempted to buy another 100-200 in the next week.
mtbakerpow
Active member
13914938:TRVP_ANGEL said:
What do you think about LIT etf?
I have other lithium extraction stocks but have wondered about the LIT as an addition
mtbakerpow
Active member
13915072:nostreboR said:
Interesting is one way of looking at it
sklermang
Active member
13915149:mtbakerpow said:Interesting is one way of looking at it
Damn, that looks dire. I still think I would take 50% stock option + 50% salary at spotify over 100% salary if I was offered a job there. That shit has potential for crazy growth. But hey I haven't done my research, I just think the other music streaming platforms in the market are bad, and spotify is better.
mtbakerpow
Active member
13915153:nostreboR said:
Ya that’s pretty normal for ipo’s to go up/down a lot at first but I’m sure Spotify will grow and scale with more tech in many things to come
oiucheekykunt
Member
although look at snapchat its 50% down a year after IPO a lot of these tech companies are so hyped up when they arent very profitable. also just so you guys know avoid anything chinese i got fucked13915193:mtbakerpow said:
Dustin.
Active member
13915060:kingsskier said:
Why would you do all that for a 7-10% gain? The stock market average adjusted for inflation is 7%. You should expect an average of 10% not adjusted. Seems like way too much work and a terrible tax situation (35% vs 15%) when I make that much watching TV.
mtbakerpow
Active member
13915230:Dustin. said:
Ya I try to only invest in profitable businesses
mtbakerpow
Active member
I’m going to double down on GE tomorrow and possibly buy some Facebook stock knowing it will rebound
I don’t actually use Facebook though.f that shit haha
**This post was edited on Apr 13th 2018 at 12:53:12am
**This post was edited on Apr 13th 2018 at 2:58:04pm
**This post was edited on Apr 13th 2018 at 2:58:49pm
I don’t actually use Facebook though.f that shit haha
**This post was edited on Apr 13th 2018 at 12:53:12am
**This post was edited on Apr 13th 2018 at 2:58:04pm
**This post was edited on Apr 13th 2018 at 2:58:49pm
WoFIowz
Active member
Horrible history, negative profits, but significantly on sale now cuz they posted an additional offering. NVAX is good now if you're a day trader playing the short game on this volatile stock. To be long, is risky, but if their flu and RSV trials actually pan out that's some next level shit. Results are good so far, but clinical trials fail more often than not so high risk.
kingsskier
Active member
13915228:Dustin. said:
A daily return of 7% is WAYYYY higher than an annual return of 10%.
13915230:Dustin. said:
I hope your trolling, almost any post I see you make on the topic of investing is incredibly dense. 7% Stock market return average is on an annual figure
**This post was edited on Apr 13th 2018 at 10:26:41am
oiucheekykunt
Member
13915319:kingsskier said:
over say 20 years could you average that
WoFIowz
Active member
Get ready and strap in. Jeff Sessions is about to get slapped in the face:https://www.washingtonpost.com/poli...ory.html?noredirect=on&utm_term=.982a28235a99
Govygen_gourmet
Member
I dont day trade but I do have some snap shares that I bought when Snap went public... I am so dissapointed.. but I believe there is hope yet!
oiucheekykunt
Member
13915669:Govygen_gourmet said:
x to doubt
kingsskier
Active member
13915398:oiucheekykunt said:
Way too high of a number. Lets do the math for one week using easy numbers and you can take it from there.
$1000 in initial investment
7% over 5 business days (1 stock market week)
Day 1: 1000+(1000*.07) = 1070
Day 2: 1070+(1070*.07) = 1144.9
Day 3: 1144.9+(1144.9*.07) = 1225.043
Day 4: 1225.043+(1225.043*.07) = 1310.796
Day 5: 1310.796+(1310.796*.07) = 1402.55
OR
P*(1+interest%)^(number of days)
1000*(1+.07)^5= 1402.55
5 day return percent of 40.3%
Assume 260 market trading days a year.
1000*(1+.07)^(260*20)= $6.25e155
That is assuming no losses and a consistent 7% daily return with reinvestment of all funds. (This will never happen or you would be an investing GOD)
**This post was edited on Apr 16th 2018 at 9:57:05am
**This post was edited on Apr 16th 2018 at 9:58:16am
kingsskier
Active member
13915060:kingsskier said:
If anyone got into this at the low 2.60s where it was recently, you are sitting at 8% gain and climbing. I think it may come closer to or break $3 in the coming days if not today.
PS, I got in at $2.62 and sold at $2.88 to capture my 10%. If it drops again, Ill repeat.
kingsskier
Active member
13915060:kingsskier said:
If anyone got into this at the low 2.60s where it was recently, you are sitting at 8% gain and climbing. I think it may come closer to or break $3 in the coming days if not today.
PS, I got in at $2.62 and sold at $2.88 to capture my 10%. If it drops again, Ill repeat.
mtbakerpow
Active member
My portfolio’s are happy today. I knew I should have bought more a few days ago!
These doing better than others-GE,AMD,FB,SHOP,SQ,BIDU,FMC
**This post was edited on Apr 17th 2018 at 2:57:45pm
These doing better than others-GE,AMD,FB,SHOP,SQ,BIDU,FMC
**This post was edited on Apr 17th 2018 at 2:57:45pm
mtbakerpow
Active member
SQ(square) is going to the moon today $
kingsskier
Active member
13916966:mtbakerpow said:
I think its a more buy and hold. They are depending on crypto with their latest news. So, they will moon with good crypto news.
VTVT fucking mooned today for no rhyme or reason.
NVCN was good for me this week. Made a Smooth $1k twice in a week. Very volatile, but if you get in low, you can make good profits easily. Its a huge volume mover.
mtbakerpow
Active member
13916979:kingsskier said:
I saw amazon is trying extra hard to get bitcoin as a payment type by applying for some patent so hoping to buy all the parallels and maybe but bitcoin in another year or two if it looks like it will get accepted more internationally
I believe everyone should have some level of action within the market. Started trading a few years ago losing money until i took the time to obsessively study everything including how to find promising stocks. Which is why I recommend beginners stick to maybe swing trading (not day trading) and going super long term on less volatile stocks. Lack of research makes it feel like more of a gamble. Now i'm in heavy and am happy with my marginal gains that I wouldnt get from a savings account.
kingsskier
Active member
13917196:blankface said:
It's not an unrealistic goal at all. It doesn't mean I consistently hit it. It's what I aim for. If you aim low, you will not make money. Always set your goals at the highest realistic value.
I also say it's a very good day when I hit that mark.
GhettoYeti
Member
What is the typical percentage of your savings alotted to trading?
kingsskier
Active member
13917616:GhettoYeti said:
I typically keep 80% of my savings in investments. Stocks, cryptos, real estate and some other things. I pull out 10% of my after tax gains and reinvest the rest. I will sometimes pull out a larger chunk for a larger purchase. I recently sold a bunch of crypto to buy a new car. But, I like my money to work for me. Savings accounts are jokes with the percent they give you. I just keep one if my debit card gets hacked, my quick funds arent reachable. My bank makes moving money from savings to checking easy and instant on my phone app.
I base my money on liquidity for the most part. Banks are instantly liquid, stocks and cryptos take a few days to wire money but are attainable fairly quick. Real estate is not so liquid. Gold and silver are annoying to sell for market in my area. I like to have at least 50% of my investments liquid. I dont know if this number is how everyone does it (likely not). But, it works for me.
**This post was edited on Apr 20th 2018 at 2:31:09pm
GhettoYeti
Member
13917620:kingsskier said:
Thats alot, but you are totally right, savings accounts are shite
mtbakerpow
Active member
Depends on your net worth,if you can afford to have a large amount in savings without any risk,you should. But obviously if you’re paying attention to your portfolio daily having more in market makes more sense!
kingsskier
Active member
13917622:GhettoYeti said:
Just make the most of what you have. I started out investing at an uncomfortable level and worked my way to a decent net worth. My next goal is a millionaire net worth. I have to keep reinvesting and living on a strict budget to get there but it will be worth it. I will never stop making my money work for me. The more I have, the more I gain. It becomes an addiction. You always want that number higher. I will never settle and I'm okay with that. I do however, have a number that I will start pulling out more money to enjoy life. But, I always will want that number higher. But that gives me the drive to keep at it.
GhettoYeti
Member
13917701:kingsskier said:
Yeah haha I am in engineering school right now but when I get out that will be like my goal
kingsskier
Active member
13917715:GhettoYeti said:
Stick with it. I'm an electrical engineer as my day job and day trade when I have time. I hope to day trade full time at some point.
GhettoYeti
Member
13917719:kingsskier said:
Yeah I love it, I just want to trade too
mtbakerpow
Active member
This
