OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[Otaku]

Good news coming out of California, 20% of population is reported as vaccinated and reopening of parks, concerts, stadiums to open April 1st. Might not do anything, but thought I would throw it out there.

 

[truss]

Good news coming out of California, 20% of population is reported as vaccinated and reopening of parks, concerts, stadiums to open April 1st. Might not do anything, but thought I would throw it out there.

reopening plays?

 

[frankmatthews]

i was just asking because I didn’t know lol, I’m starting out.

As I saw these prices dropping on some stocks I had my eye on I knew I wanted to buy more now but didn’t know if there was any benefit to selling the higher priced stocks since I just got them.

my thinking was if something you just bought at a store goes on sale for $100 less 2 days later you’d naturally go get an adjustment...I didn’t know if there was any logic to the same concept with stock shares

If you're just starting out I would suggest you just make trades on paper and dont put any real money in yet unless you have money to blow. Jumping right in with real money without knowing what you're doing or how things work is the easiest way to lose large amounts of money, especially in the middle of a downturn. The market is not kind to noobs. You really gotta educate yourself and go through the experiences. I know it may not seem like it based on the past year but the stock market is not a get rich quick scheme. Many people got into the stock market this past year and by pure dumb luck and the fact that almost every stock had a phenomenal year, made good money. You could've thrown darts at a stock list last year and made good money. It wont be like that going forward. Many people are going to get hurt bad if they haven't already. But to answer your question, once you lose the money and sell the stock its gone. Sure you can make up the loss if you rebuy it and it goes back up or buy a different stock and it goes up but as for your initial trade, that money is gone unless u wait for the stock to go back up. You need to ask yourself why you think roku, or any other stock is going to go up from the prices its at now. You need to have a solid, logical, educated reason otherwise you're just buying lotto tickets.

 

[ballinsam23]

I deal with wash sales all of the time. Schwab adds the loss onto your cost basis. Annoying as ****.

Wouldn’t it make sense for there to be a large volume increase ~30 days after? Not the exact bottom, but let’s say 30 days after February 20th. If people want to use losses as write offs, they’d wait the 30 days before jumping back in. Good strategy to follow?

 

[mplsdunk]

I’m going to be trading paper until I can win 60% at least.

then start with a grand in my cash account using like 100 per trade because I’ll have cash in limbo.

if I can keep winning I’ll scale up from there.

 

[Otaku]

reopening plays?

I can't offer any particular insight, there are many more experienced members here. Just what everyone has been waiting on travel, hospitality, dating apps, theatres, etc.

 

[southernhospita]

Got a dividend calculator
Because I don’t want to do the math on this **** at all

 

[johnnyredstorm]

I’m going to be trading paper until I can win 60% at least.

then start with a grand in my cash account using like 100 per trade because I’ll have cash in limbo.

if I can keep winning I’ll scale up from there.

Focus on risking 3-5x less than you’ll make per trade. Winning % is meaningless tbh. Slugging % is imperative.

FTD criteria

 

[wallyhopp]

Been dumping extra funds into a us reit index fund. It’s been bleeding for awhile. Hoping for a big rebound.
Rebound plays can include casinos, ticket master, movie theaters, Simon property/malls etc., and anything travel related. Amusement parks, air bnb, Uber, even airlines and hotel stocks.

 

[mplsdunk]

Focus on risking 3-5x less than you’ll make per trade. Winning % is meaningless tbh. Slugging % is imperative.

FTD criteria

So basically if I’m in a trade that looks like I could make 100 bucks before it goes back down pull it if I’m down 20 bucks and cut my loss?

what indicators do you like? Vwap and Sma seem like no brainers to me. My friend loves the spy line as well.

 

[rg92]

If this happens, I'm gonna sell my whole sneaker collection and buy the dip of my life

 

[johnnyredstorm]

So basically if I’m in a trade that looks like I could make 100 bucks before it goes back down pull it if I’m down 20 bucks and cut my loss?

what indicators do you like? Vwap and Sma seem like no brainers to me. My friend loves the spy line as well.

Basically this is what I do. I look for a level close to a pivot point and base my risk on the pivot being lost. So I try to risk $1-3 per share to make 5-10+ the indicator thing is going to be a revolving door for you as you find what works. Vwap is great on the 1m for intraday scalps. 8 and 21day ema’s are good for momentum trading in swings, 50 or 70 day moving averages is good for pull backs in strong stocks, 200 day is good for finding bottoms in corrections. Fib extensions and retracements are good for taking targets or buying dips. I use a proprietary indicator a buddy made called the market webs that is essentially volume profile and value area trading. You’re gonna play with a lot of ideas. I think the simplest is the 8/21. Buy dips against them, sell if they’re lost, buy breaks above, etc. and use fib extensions and retracements for levels of interest. AVWAP is also pretty money for dip buying as well.

 

[iheartboost]

reopening plays?

DIS.

 

[mplsdunk]

Basically this is what I do. I look for a level close to a pivot point and base my risk on the pivot being lost. So I try to risk $1-3 per share to make 5-10+ the indicator thing is going to be a revolving door for you as you find what works. Vwap is great on the 1m for intraday scalps. 8 and 21day ema’s are good for momentum trading in swings, 50 or 70 day moving averages is good for pull backs in strong stocks, 200 day is good for finding bottoms in corrections. Fib extensions and retracements are good for taking targets or buying dips. I use a proprietary indicator a buddy made called the market webs that is essentially volume profile and value area trading. You’re gonna play with a lot of ideas. I think the simplest is the 8/21. Buy dips against them, sell if they’re lost, buy breaks above, etc. and use fib extensions and retracements for levels of interest. AVWAP is also pretty money for dip buying as well.

appreciate the advice as always between this a the crypto.

I initially said I wanted to swing trade because my buddy makes good money off it.

BUT after doing some research and talking to him I’m really more interested in just scalping and investing. It just fits my personality better. I don’t like watching or worrying long term. Like investing I just throw money in and don’t care what happens because I’m hodl.

that’s why I want to get into scalping, I could get some in before I have to work around noon and just be done with it after that.

I don’t think I’ll be buying many dips as a n00b because I’m going to just be super conservative. I’m not worried about making money. I want to learn right now.

 

[johnnyredstorm]

DIS.

Yup DIS SQ are my favorites if you want high risk ACUIF does a lot of advertising for travel and hospitality
DKNG DMYD HZON
STNE
ABNB EXPE BKNG WYNN

 

[johnnyredstorm]

appreciate the advice as always between this a the crypto.

I initially said I wanted to swing trade because my buddy makes good money off it.

BUT after doing some research and talking to him I’m really more interested in just scalping and investing. It just fits my personality better. I don’t like watching or worrying long term. Like investing I just throw money in and don’t care what happens because I’m hodl.

that’s why I want to get into scalping, I could get some in before I have to work around noon and just be done with it after that.

I don’t think I’ll be buying many dips as a n00b because I’m going to just be super conservative. I’m not worried about making money. I want to learn right now.

Buy and hold great companies growing sales/revenue over 30% with free cash flow trending toward profitability and gross margins over 25%. Never buy on big up days, unless there’s a monster influx of volume and add to your best companies on down days or when the stock is more than 10-15% off the highs.

never use margin, it’s why the market crashes, don’t trade options your first 1-3 years. Focus on consistency and minimizing losses. If you keep losing money, think about what you’re doing wrong and do the opposite.

 

[mplsdunk]

Buy and hold great companies growing sales/revenue over 30% with free cash flow trending toward profitability and gross margins over 25%. Never buy on big up days, unless there’s a monster influx of volume and add to your best companies on down days or when the stock is more than 10-15% off the highs.

I was planning on Disney, intel and Johnson and Johnson to start.

idk when I’ll invest, I’ll probably use my scalping profits if I ever get good or cut my crypto investing in half and use it for stocks.

 

[johnnyredstorm]

Nvda and amd are the leaders in that space, not intel anymore, just an FYI. Good list otherwise giving you a nice combination of safety and low risk growth.

 

[ill steelo]

Gig workers would pay higher taxes under coronavirus aid bill - Roll Call

A late insert to coronavirus aid package would cost Uber and DoorDash drivers, Airbnb hosts and others about $1 billion annually.

www.rollcall.com

Imminent, further pullback coming in ETSY, FVRR, ABNB, UBER, LYFT, etc?

 

[ballinsam23]

Market looking real green tomorrow.

 

[antidope]

Gig workers would pay higher taxes under coronavirus aid bill - Roll Call

A late insert to coronavirus aid package would cost Uber and DoorDash drivers, Airbnb hosts and others about $1 billion annually.

www.rollcall.com

Imminent, further pullback coming in ETSY, FVRR, ABNB, UBER, LYFT, etc?

Let's take more money from people who likely work these jobs to make ends meet. America is something else man

 

[biggie62]

Let's take more money from people who likely work these jobs to make ends meet. America is something else man

I mean it’s just collecting what a person earns. Seems like a loophole was setup in the past that with thresholds that weren’t thought to be met by 99.99% of people but with people turning into the gig economy and reselling, it needed to be closed. I see nothing wrong.

 

[antidope]

I mean it’s just collecting what a person earns. Seems like a loophole was setup in the past that with thresholds that weren’t thought to be met by 99.99% of people but with people turning into the gig economy and reselling, it needed to be closed. I see nothing wrong.

It's compounding a problem..American labour is built around exploitation, but in terms of sectors, the gig economy is one of the most blatant with it. You're compounding a problem with this one. But I see your point.

 

[biggie62]

It's compounding a problem..American labour is built around exploitation, but in terms of sectors, the gig economy is one of the most blatant with it. You're compounding a problem with this one. But I see your point.

Agreed. This may force the setting up of gig workers as actual employees rather than contractors nationally. Which needs to be done.

 

[frankmatthews]

I mean it’s just collecting what a person earns. Seems like a loophole was setup in the past that with thresholds that weren’t thought to be met by 99.99% of people but with people turning into the gig economy and reselling, it needed to be closed. I see nothing wrong.

They tryna put the cost of the stimulus off on gig workers, people who likely need the tax break more than most. So basically gig workers get no stimulus now. Meanwhile corporate tax loopholes are still in full effect. Not to mention idk what they gonna do with all these 12 year olds selling on stockx.

This shouldn't have an effect on the actual companies, just the 1099 workers. Maybe they have a little higher expenses for reporting requirements.