Economy stonks v15, lucid madness

[BIKES!]

This is perfect. Thank you.

Stay away from meme stonks and realize by the time you hear something 99/100 it's too late or you are taking a big risk.

Right now there are some easy mid to long term plays imo with minimal risk. I don't see a scenario where UAL doesn't get to $50 in less than 90 days. Even AAL still looks good if you are betting the country is opening up (plus the stimulus won't stop in the current admin).

Tech is crazy and ignores the fundamentals. SPAC craze is impossible to predict despite most of us on here getting lucky time and again.

Start with trades which are free on most platforms and then move into options after you start spending more time researching companies, understanding earnings and timing, P/E, etc...

 

[Cuzcatlan]

God do I cut my losses on FUSE. bought after four dips and the shit keeps falling.

How many shares you hold? Sell calls if possible. That's what I did with my HYLN I been selling calls till I made a profit.

 

[mkess101]

How many shares you hold? Sell calls if possible. That's what I did with my HYLN I been selling calls till I made a profit.

He got out, I did too. It spiked near the end of trading today, sell sell sell.

 

[BIKES!]

How many shares you hold? Sell calls if possible. That's what I did with my HYLN I been selling calls till I made a profit.

Bro it went crazy at 3:15 EST. Can’t figure out why but maybe had to do with CCIV craze or some SPAC trend shit. Unloaded all and made a good amount

 

[BIKES!]

He got out, I did too. It spiked near the end of trading today, sell sell sell.

I only made out well by continuing to press dip after dip. This never served me well at the tables but oh well...

 

[brackis1]

I only made out well by continuing to press dip after dip. This never served me well at the tables but oh well...

it's because there's not $10 backstop in blackjack lol

 

[Cuzcatlan]

I'm just getting into stocks and investing. Can someone pass along some good books and websites that could help someone as clueless as me get started?

Get one of those "Dummies" books. That's what I did and it helped out in the beginning. Also there is a lot of good content on you tube surprisingly.
Don't buy courses from anyone. All the info is out there for free. You just got to gather it.

https://www.investopedia.com/ good website that will help out with all the language you might see here.

 

[brackis1]

Get one of those "Dummies" books. That's what I did and it helped out in the beginning. Also there is a lot of good content on you tube surprisingly.
Don't buy courses from anyone. All the info is out there for free. You just got to gather it.

https://www.investopedia.com/ good website that will help out with all the language you might see here.

Yep. Paying for data or info is one thing, but paying for "strategy" is worthless and only reinforced being a rube.

 

[Terry Noonan]

GE finally gaining some steam. Close to break even after doubling down during Covid recession.

 

[HOLA]

I'm just getting into stocks and investing. Can someone pass along some good books and websites that could help someone as clueless as me get started?

The Intelligent Investor by Benjamin Graham is probably the best book on investing ever written. Especially Chapter 8 The Investor and Market Fluctuations and Chapter 20 Margin of Safety. The edition I have is from around 2003, with commentary from Jason Zweig. His commentary is solid. Thank God I read that before I did anything.

This should also be mandatory reading: https://www.amazon.com/Berkshire-Ha...ett+shareholder+letters&qid=1613527063&sr=8-4

It's a compilation of all Buffett's annual shareholder letters since he began running Berkshire. Chock full of great info.

 

[JudoThrowFiasco]

I'm just getting into stocks and investing. Can someone pass along some good books and websites that could help someone as clueless as me get started?

Honestly, it depends on what you mean by investing. I personally like interactive learning with guided instruction and course work. Edx offers free courses to audit -- but its worth the money to actually pay to have full course access. I have done several Investopedia's Academy courses and i found them worth the price.

 

[rob mafia]

Honestly, it depends on what you mean by investing. I personally like interactive learning with guided instruction and course work. Edx offers free courses to audit -- but its worth the money to actually pay to have full course access. I have done several Investopedia's Academy courses and i found them worth the price.

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[JudoThrowFiasco]

<{CMPALM}>

You just like reading a book?

 

[rob mafia]

You just like reading a book?

i mean, i didn't really read any books about trading/etc, either... but i wouldn't discourage that. i'd discourage anyone paying for any kind of trading/market/etc course, though.

 

[JudoThrowFiasco]

i mean, i didn't really read any books about trading/etc, either... but i wouldn't discourage that. i'd discourage anyone paying for any kind of trading/market/etc course, though.

Depends on the course -- i really liked NYFI's and Investopedia's courses on Technical Analysis and their learning resources. Interpreting graphs, trends and gaps with the plethora of options out there can be daunting for a novice. Focused lessons can really help. I agree if you're saying no to "Jims guaranteed method of doubling your money" but learning how to navigate various charts and indicators, and seeing what works for you is, in my opinion, beneficial.

 

[rob mafia]

Depends on the course -- i really liked NYFI's and Investopedia's courses on Technical Analysis and their learning resources. Interpreting graphs, trends and gaps with the plethora of options out there can be daunting for a novice. Focused lessons can really help. I agree if you're saying no to "Jims guaranteed method of doubling your money" but learning how to navigate various charts and indicators, and seeing what works for you is, in my opinion, beneficial.

 

[CatchnShoot]

i mean, i didn't really read any books about trading/etc, either... but i wouldn't discourage that. i'd discourage anyone paying for any kind of trading/market/etc course, though.

But do you subscribe to any services like SpacInsider etc.?

I suppose all the information is available, but how much time do you have to research?

 

[rob mafia]

But do you subscribe to any services like SpacInsider etc.?

I suppose all the information is available, but how much time do you have to research?

no, but i glance at r/spacs. i often have a lot of time to research, but honestly... i don't think it matters much with spacs. (since they've been a fad, they're kinda easy money... and since they basically can't drop under $10 [or whatever the unit price], they're safe to park cash)

i do have spacinsider bookmarked, but i honestly rarely check it.

 

[Handsome Bruce]

Stay away from meme stonks and realize by the time you hear something 99/100 it's too late or you are taking a big risk.

Right now there are some easy mid to long term plays imo with minimal risk. I don't see a scenario where UAL doesn't get to $50 in less than 90 days. Even AAL still looks good if you are betting the country is opening up (plus the stimulus won't stop in the current admin).

Tech is crazy and ignores the fundamentals. SPAC craze is impossible to predict despite most of us on here getting lucky time and again.

Start with trades which are free on most platforms and then move into options after you start spending more time researching companies, understanding earnings and timing, P/E, etc...

What is a good app to buy stocks with that you would recommend? What about an app to buy crypto-currency? Have you heard of bitcoin UP?

 

[BIKES!]

What is a good app to buy stocks with that you would recommend? What about an app to buy crypto-currency? Have you heard of bitcoin UP?

I do E*TRADE and have a Fidelity account secondary. E*TRADE has no charges for basic trades and seems fine. I don’t touch crypto, shit seems nutts to me.