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~* The official thread of stonks, tendies, safe, sound and very real professional financial advice *~


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16 minutes ago, Chris- said:


For the sake of all that is good and righteous, please tell me you did not get all of your learnings from this thread!

 

Hey I was a voice of reason a few times here.

 

On 2/7/2021 at 3:05 AM, Air_Delivery said:

There is always VTI/VUG and hold :p

 

On 2/9/2021 at 1:30 PM, Air_Delivery said:

Things are popping right now so everything seems easy. In the end buy and hold companies you believe in and index funds are how your average investor makes money.

Penny stocks/options and all that are fun for gambling but just recognize it for what it is. 

 

 

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23 minutes ago, Joe said:

You homies need to get in on Novavax while you still can!

 

*this is not financial advice

What's it at right now? I sold when my investment hit 100% and I know it dropped a bit after that. I'd buy back if it dipped more.

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568-D134-D-7696-4-BB2-A402-C06-E8-BA956-
 

I keep selling some then rebuying on $8 and lower dips. The gift that keeps giving, really.

 

@Komushaif you’re serious about getting into this then you need to learn chart reading, tape reading, and volume analysis. It’s all I’ve been doing for like 5 weeks now and I’ve barely scratched the surface. There’s a difference between trading and investing. VFF is an investment which you can trade, long term it’s going to be a monster in the weed market, nothing will change my mind on that - things like OCGN are purely trades, things like NVAX (at this point) are an investment. This thread is mostly joking around with some random short swing calls - it is NOT a place to learn. :sun: 

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  • b_m_b_m_b_m changed the title to ~* The official thread of stonks, tendies, safe, sound and very real professional financial advice *~

I will say this thread like almost all of the internet has come down to two types of people: the ones that are day-trading enthusiasts and the ones that occasionally pop in to say "ETFS ARE THE ONLY WAY!" I think there is a legitimate middle-ground there somewhere in that I do like to buy individual stocks, but for companies that I like and plan to hold for at least a year if not more.

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56 minutes ago, Spork3245 said:

568-D134-D-7696-4-BB2-A402-C06-E8-BA956-
 

I keep selling some then rebuying on $8 and lower dips. The gift that keeps giving, really.

 

@Komushaif you’re serious about getting into this then you need to learn chart reading, tape reading, and volume analysis. It’s all I’ve been doing for like 5 weeks now and I’ve barely scratched the surface. There’s a difference between trading and investing. VFF is an investment which you can trade, long term it’s going to be a monster in the weed market, nothing will change my mind on that - things like OCGN are purely trades, things like NVAX (at this point) are an investment. This thread is mostly joking around with some random short swing calls - it is NOT a place to learn. :sun: 


This sounds so fucking boring. I’ll never be rich 

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46 minutes ago, Joe said:

I will say this thread like almost all of the internet has come down to two types of people: the ones that are day-trading enthusiasts and the ones that occasionally pop in to say "ETFS ARE THE ONLY WAY!" I think there is a legitimate middle-ground there somewhere in that I do like to buy individual stocks, but for companies that I like and plan to hold for at least a year if not more.

Everyone should have most of their money in broad index funds. I have way more money than usual in individual stocks cause of pandemic opportunities.  Once things get relatively back to normal Ill rebalance.


Shit like GME, penny stocks etc is just for fun.  

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I should have clarified better. What I meant is that watching my portfolio take a dip as the market went down was an emotional learning experience itself. :p I have been taking a few of the stock tips posted here to heart, but don’t worry ya’ll, I’ve been doing my own research too! Everything I currently have I’m planning on holding on to for at least a year. Seeing my portfolio dip was painful, but I know it’ll be up again in the long run. Day trading and penny stocks seem fun but not until much later on down the line.

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21 minutes ago, Komusha said:

I should have clarified better. What I meant is that watching my portfolio take a dip as the market went down was an emotional learning experience itself. :p I have been taking a few of the stock tips posted here to heart, but don’t worry ya’ll, I’ve been doing my own research too! Everything I currently have I’m planning on holding on to for at least a year. Seeing my portfolio dip was painful, but I know it’ll be up again in the long run. Day trading and penny stocks seem fun but not until much later on down the line.

I held through the Covid collapse last March. This is peanuts to that

This correction was just a spoiled brat testing the Fed. I bought some more $PINS today near the bottom when I decided the dip got too stupid.

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14 hours ago, ManUtdRedDevils said:

@Spork3245 start posting charts and picks. Let’s put your 5 week education to the test 


I don’t feel confident enough in my charting abilities yet to post things as guides for anyone (I stated that I feel I haven’t “even scratched the surface” after these 5 weeks of self-learning), and my picks aren’t based off charts they’re based on DD as I’m primarily doing swings based on catalysts; the charting is allowing me to better know when to buy/sell.

 

Edit: maybe after I have like 5k hours of study time + practice :p 

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11 hours ago, Komusha said:

I should have clarified better. What I meant is that watching my portfolio take a dip as the market went down was an emotional learning experience itself. :p I have been taking a few of the stock tips posted here to heart, but don’t worry ya’ll, I’ve been doing my own research too! Everything I currently have I’m planning on holding on to for at least a year. Seeing my portfolio dip was painful, but I know it’ll be up again in the long run. Day trading and penny stocks seem fun but not until much later on down the line.

 

(was waiting till I was home to reply so I could post some of the stuff I've been learning from)

Start here:

how-to-read-stock-charts.png
WWW.STOCKTRADER.COM

Learning how to read stock charts is very important for stock traders that want to perform technical analysis and identify stock chart patterns.

 

 

Move into these:

Spoiler

 

data:image/gif;base64,R0lGODlhAQABAPABAP///wAAACH5BAEKAAAALAAAAAABAAEAAAICRAEAOw==

 

data:image/gif;base64,R0lGODlhAQABAPABAP///wAAACH5BAEKAAAALAAAAAABAAEAAAICRAEAOw==

 

data:image/gif;base64,R0lGODlhAQABAPABAP///wAAACH5BAEKAAAALAAAAAABAAEAAAICRAEAOw==

 

data:image/gif;base64,R0lGODlhAQABAPABAP///wAAACH5BAEKAAAALAAAAAABAAEAAAICRAEAOw==

 

 

 

Working on emotions:

Spoiler

 

 

 

And read this book about 5-10x:

 

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51 minutes ago, Air_Delivery said:

IMO technical analysis is akin to reading tea leaves :shrug:


Because you seem to only do LC and investment.

Trying to chart weeks is nonsense; charting should be applied to 5-10m timers with candlestick patterns to find support and resistance levels throughout the day with volume to know when to buy/sell.

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6 hours ago, Spork3245 said:

 

(was waiting till I was home to reply so I could post some of the stuff I've been learning from)

Start here:

how-to-read-stock-charts.png
WWW.STOCKTRADER.COM

Learning how to read stock charts is very important for stock traders that want to perform technical analysis and identify stock chart patterns.

 

 

Move into these:

  Reveal hidden contents

 

Working on emotions:

  Reveal hidden contents

 

 

And read this book about 5-10x:

 

 

 

  • Haha 2
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39 minutes ago, Spork3245 said:


Because you seem to only do LC and investment.

Trying to chart weeks is nonsense; charting should be applied to 5-10m timers with candlestick patterns to find support and resistance levels throughout the day with volume to know when to buy/sell.

 

How does charting apply to such short time frames? You're essentially at the mercy of high-frequency traders and just gambling.

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