Here's a thread for general stock discussions. Do your own research before you buy any stocks. Don't buy or sell based on what is in this thread. This is just a spot to talk about anything you want to stock market related. If you think myself or anyone else's opinion is way off base, be civil when you give your opinion.
For example we can talk about stuff like:
1. What brokers do you use and why?
2. Got any hot takes on any companies you're looking at?
3. Are you bullish or bearish on the overall outlook of the stock market?
4. What bubble will burst next? (Credit card debt, student loans, housing, tech, etc)
5. What are you thoughts on the burgeoning weed market? Think it will get federally legalized in the next couple years?
6. Are you more partial to stock options, ETFs, bonds, cryptos, FOREX, or general stocks?
7. What technical indicators do you use and why?
(1) To start, I use TD Ameritrade's Think or Swim app for their awesome charting and free paper-trading (fake money) service. You can sign up for free and it seems to be the most widely used broker because of this powerful app specifically. I also have a Fidelity account to do buying and selling on the OTC market, where most of the small cap weed companies are coming up, also fidelity will allow bitcoin trading in a few weeks. I also use RobinHood for their no-commission trades but they only allow trading on the NYSE and Nasdaq and crypto currencies depending on where you live. I also use the Yahoo Finance app to track different markets and to look at their discussion boards. Further, I'm active in numerous stock market discord servers. I can let you know which ones if ya want.
(2) I'm long on Halo Labs ('AGEEF' on the OTC), Hexo Corp. ('HEXO' on the Nasdaq), Aphria ('APHA' on the Nasdaq), and Medipharm Labs Corp ('MEDIF' on the OTC), and the Chicago Volatility Index ('^VIX' on the Nasdaq).
HEXO and APHA are cannabis growers, MEDIF and AGEEF are extraction companies. Currently I think AGEEF is hugely undervalued compared to its competitors (Curaleaf, Valens, Medipharm, Nextleaf). I have lots of info on Halo Labs if anyone wants to discuss it privately.
I'm using ^VIX as a way to bet against the general market right now because of the trade war. Also as you've seen from my other thread, investing/trading in crypto currencies can be used as a way to leverage your overall position in the market.
(3) Overall I'm bullish on the stock market. Even though we are in trade war with China and that is casting huge uncertainty on most markets there are avenues to make money. I keep up on the news and I research as much as I can everyday. I know that a recession could be triggered at any moment from a variety of bubbles bursting so I use stop-loss orders when applicable to give some peace of mind.
(4) IMO, we're going to have another housing crisis first. Also if Bernie wins and raises corporate taxes the stock market will tank. (But at that point who cares.)
(5) From looking at my portfolio you can see that I'm hugely bullish on the burgeoning weed market. The stigma is changing, many US states and other countries are legalizing weed or moving towards doing so. I believe in both THC, CBD, and hemp as products that will revolutionize many industries. IMO we're at the ground floor now. This is a catalyst for wealth that doesn't come along very often IMO.
(6) I'm partial to investing in individual stocks because I see them as giving the best return with the least risk (when you employ a stop-loss), and I have the most control of what I'm buying/selling. The only stock options I like are covered calls, but I haven't gotten in to it yet. ETF/ETN's seem good for well funded diversified portfolio but I'm not there yet. There is way too much uncertainty in cryptos and forex for my liking but I enjoy watching them. May jump in at some point.
(7) I'm still learning about technical indicators (there are many) but I use the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) daily when I look at stocks. Technical indicators like these can be good tools, but can't trust them too much. They are just another tool like looking at the news, debt/asset ratio, earnings, balance sheet, future plans, etc that you can use to make yourself more confident about buying/selling decisions.
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I'm curious to see what you all have to say generally about the stock market.
Stock Market Discussions
If any of you want to sign up for Robin Hood (the zero commission trading app) use this link (share.robinhood.com/steveh719) so we both get a free stock. You have a small chance at getting a share of Apple, Berkshire, or Facebook but you have a 100% chance of getting a share of some other stock. Also you can fund your account with as little as a penny.
I have been day trading Aleafea TSX (ALEF) for almost a year now.
I have made around 3K so far from that 1 stock alone.
It has cooled a bit the past few months but was very volatile last year.
As well, I did a single buy of Hexo but shortly after the purchase it dropped.
I sat on it for months and just dumped it for a tidy $1200 profit.
Besides that I have 5K invested in Enbridge which in my opinion is undervalued.
It's currently trading around $45.00/ share but 2 years ago it was selling for almost $60.00
It pays quarterly dividends which I have set up as a DRIP so the dividends are rolled back in to purchase more stock.
I have made around 3K so far from that 1 stock alone.
It has cooled a bit the past few months but was very volatile last year.
As well, I did a single buy of Hexo but shortly after the purchase it dropped.
I sat on it for months and just dumped it for a tidy $1200 profit.
Besides that I have 5K invested in Enbridge which in my opinion is undervalued.
It's currently trading around $45.00/ share but 2 years ago it was selling for almost $60.00
It pays quarterly dividends which I have set up as a DRIP so the dividends are rolled back in to purchase more stock.
I day traded canntrust (CTST) today twice and am up 9.4%.
https://imgur.com/zDIJfaW
That's the think or swim app with some technical indicators turned on and level2 real-time ask/buy enabled.
https://imgur.com/zDIJfaW
That's the think or swim app with some technical indicators turned on and level2 real-time ask/buy enabled.
Last edited by Dome on Tue May 14, 2019 6:05 pm, edited 1 time in total.
Markets are hilarious right now you're all missing out on many lols. Unless you're invested in what's being effected.
Trump is basically a dictator without the executions. Possibly triggering another recession out of spite and greed. Why doesn't the SEC give a @#(! about this? It's because we live in a backwards world.
#WageEarners4Life
Trump is basically a dictator without the executions. Possibly triggering another recession out of spite and greed. Why doesn't the SEC give a @#(! about this? It's because we live in a backwards world.
#WageEarners4Life
I am sure someone will make money with stock markets. Seeing the overhead costs on trading infrastructure / trading platforms / advisors / business channels etc I think they benefit most. If the "market analyst" was really good, he would have made a fortune for himself, in stead of advising others what portfolio to hold.
Curious about brokers myself as I'm really lost about how to jump into stocks and/or Forex now that I'm finally making nice money and need to put it somewhere. Spent the last 5 years or so building up a side business to have the money built up to launch the real online business(es) I've been wanting to start up. Side business is making great money while requiring a relatively low time investment, but it is something I can only count on it being so profitable for the very short term as the market will inevitably change/die within a year or two. So I'm very eager to add another source of income until my main business is making good money.
I have the skill set to do very well trading as it isn't all that different from how I have been making money, but I don't yet really know anything about the markets or brokers. Day trading or at least short term seems more along what I would excel at, but I'm open to anything. Forex seems to have a lower barrier to entry so I have been leaning towards that, but it sounds like it isn't the best time to get into forex especially in the US due to the regulations here.
The main thing I don't understand yet are broker commissions/spread markups. So with the expectation of being a very active trader, potentially day trader, I need to keep fees/expenses at a minimum. Online reviews and discussions on brokers tend to be too generic and not very informative, so I have no idea what broker would be best or if it really matters that much. Very little choice where I go for forex but there seems to be a lot of options for stocks.
Dome edit: Woops I edited the wrong post, sorry!
I have the skill set to do very well trading as it isn't all that different from how I have been making money, but I don't yet really know anything about the markets or brokers. Day trading or at least short term seems more along what I would excel at, but I'm open to anything. Forex seems to have a lower barrier to entry so I have been leaning towards that, but it sounds like it isn't the best time to get into forex especially in the US due to the regulations here.
The main thing I don't understand yet are broker commissions/spread markups. So with the expectation of being a very active trader, potentially day trader, I need to keep fees/expenses at a minimum. Online reviews and discussions on brokers tend to be too generic and not very informative, so I have no idea what broker would be best or if it really matters that much. Very little choice where I go for forex but there seems to be a lot of options for stocks.
Dome edit: Woops I edited the wrong post, sorry!
Last edited by aem on Mon Jun 03, 2019 1:37 pm, edited 1 time in total.