Stocks

[walrus]

Anyone buying now? I took some profit on a couple things prior to the meltdown. I’m looking at a couple things right now. My wife bought peloton long before covid which I was very much against but it turned into one of the “covid friendly” stocks. It’s hard to pick anything right now imo but my wife is working from home and I gave her a request to check out a few things today, might pick up a couple things.

[Master]

Can you buy them yourself or do you have to go through a broker?

[NoSavingByTheBell]

You can do your own trading with Forex software for example. Every successful forex day trader manages their risk; in my opinion it is one of, if not the most, crucial things you can do for your self in day trading.

To start, you must keep your risk on each trade very small, and from doing a simulation or 2, I'd say 1% or less is typical. Like if you have a $3,000 account, you shouldn't lose more than $30 on a single trade. That may seem like a small %, but it can add up,... even if you are a good day-trader will see losses. You can manage risk using a stop-loss order.

Bottom line is it's ridiculous, I mean Forex brokers may not charge a commission, but they trick sheeple by increasing the spread between the bid and ask, so people don't realize its more difficult to day trade profitably. ECN brokers offer a very small spread, makes it easier to trade profitably, but they charge about $3.50 for every $100,000 traded.

[walrus]

Can you buy them yourself or do you have to go through a broker?

We have accounts that allow us to buy individual. Tbh the small portfolio we put together ourselves had faired much better than our broker directed ones. I tried to balance it on my own. My wife did buy one stock today, it was one on my list but not the one I would have jumped on. It’s ok, it’s not a stock we would flip it’s to hold. I still think maybe add one or two more.

[walrus]

And master we we only add to our individual picks with profits from previous picks or profit from bitcoin or another investment. The goal is to never put additional funds into it and see where how we do. It’s a bit funny, my wife has made picks in the past without telling me and the drop a 100% gain on me when I didn’t know about. She did that with homedepot recently. I really won’t be surprised to see another 20% or more drop that’s why it’s important to trim and take profit on occasion. I still have one in our account I bought long before we were married that has had some incredible gains over the years but I’m thinking of finally doing something different with it.

[walrus]

Well I gotta give my wife credit. She made a ballsy stock move today. She went against my recommendations but fuck it she didn’t cry went I went into bitcoin years ago which was a complete gamble. Sometimes you gotta take some chances. Shit I’ve been working since I was 14 I always found if you don’t put together a side hustle you struggle. So good luck to my wife I told her peloton was a bad pick many months ago when she got it and I was wrong, although if it was not for the shutdown I still believe peloton wouldn’t have made it. We will see what happens, she told me I was dumb when I bought Tesla years ago. Ah married life.

[walrus]

Glad to see Trump and crew may be having Chinese stocks delist from the American stock exchange. For too many years they are manipulating data. Look at luckin coffee for example. They make the accounting bullshit practices US companies pull look like small change