investing now

[Anonymous]

Anonymous wrote:The stock I use is so expensive that 30 shares is plenty. It fell to $1100 on Monday I believe. It's already over $1400. It's got to be volatile if you want to take out the difference few times a month.
There's a cheaper one I just bought several hundreds that fell to $10, but should be around $18+ and will get back there in no time. Got to have the cash for the dips.
Vanguard, fidelity are too slow for catching the dips. Robinhood account has overtaken my Fidelity account because how easy it is to use. My taxes are low to non-existent as HH. Lots of my trading is done inside of three Roths.
I use both market and limit orders.
Got to have the cash ready. If it doesn't go up, I have more cash to catch it even lower. Once all shares get too high, time to sell. There's always deals to be had because of the bad news coming out, lousy earnings, sell-off. Bounces happen very fast. Only play with stocks you'd hold long term anyways.
I'm looking into buying after hours as the best dips happen then. I only need $5k a month to have a really good life. I have $50k cash to get it done, and it has been easy.
It is fun, working on my patience, and I have learned a lot. Biggest mistakes have been not having the patience. I can sell better on highs than catch the lows. Working on catching the lows and getting better.

please share the two stocks so we can learn.

[Anonymous]

Are you trading options?

[Anonymous]

Anonymous wrote:

Anonymous wrote:The stock I use is so expensive that 30 shares is plenty. It fell to $1100 on Monday I believe. It's already over $1400. It's got to be volatile if you want to take out the difference few times a month.
There's a cheaper one I just bought several hundreds that fell to $10, but should be around $18+ and will get back there in no time. Got to have the cash for the dips.
Vanguard, fidelity are too slow for catching the dips. Robinhood account has overtaken my Fidelity account because how easy it is to use. My taxes are low to non-existent as HH. Lots of my trading is done inside of three Roths.
I use both market and limit orders.
Got to have the cash ready. If it doesn't go up, I have more cash to catch it even lower. Once all shares get too high, time to sell. There's always deals to be had because of the bad news coming out, lousy earnings, sell-off. Bounces happen very fast. Only play with stocks you'd hold long term anyways.
I'm looking into buying after hours as the best dips happen then. I only need $5k a month to have a really good life. I have $50k cash to get it done, and it has been easy.
It is fun, working on my patience, and I have learned a lot. Biggest mistakes have been not having the patience. I can sell better on highs than catch the lows. Working on catching the lows and getting better.

Thanks PP - this is super helpful! Will be opening the Robinhood account today I had the feeling Fidelity was too slow for this type of exercise. I have been following all my positions much more closely lately and have started to noticed these tremendous dips and spikes - really just due to something someone said about X or Y, some jobs report or poor earnings or litigation ... it just really seems like super low hanging fruit to exploit, i wonder why more people arent doing it. It seems too good to be true. I am an economist with many years of experience so i have the foundational knowledge to see that something isnt quite right...anyways. Thank you so much, any tips on where I can go for more? Other groups/online communities/etc.???

Lol

[Anonymous]

Join us on wallstreetbets on Reddit

[Anonymous]

Anonymous wrote:Join us on wallstreetbets on Reddit

DP. I am here on DCUM and Bogleheads. I have such a hard time following wallstreetbets. But I don't use Reddit so maybe I just don't get the formatting.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Join us on wallstreetbets on Reddit

DP. I am here on DCUM and Bogleheads. I have such a hard time following wallstreetbets. But I don't use Reddit so maybe I just don't get the formatting.

It’s funny bc I think bogleheads is confusing. And I watch wsb for the random tidbits and earnings charts but don’t actually …follow the trading advice. I do use debt free forum, HENRY forums, financial planning, student loans lots of good stuff there!

[Anonymous]

I bought Mastercard based on a post here and it has done very nicwly

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The stock I use is so expensive that 30 shares is plenty. It fell to $1100 on Monday I believe. It's already over $1400. It's got to be volatile if you want to take out the difference few times a month.
There's a cheaper one I just bought several hundreds that fell to $10, but should be around $18+ and will get back there in no time. Got to have the cash for the dips.
Vanguard, fidelity are too slow for catching the dips. Robinhood account has overtaken my Fidelity account because how easy it is to use. My taxes are low to non-existent as HH. Lots of my trading is done inside of three Roths.
I use both market and limit orders.
Got to have the cash ready. If it doesn't go up, I have more cash to catch it even lower. Once all shares get too high, time to sell. There's always deals to be had because of the bad news coming out, lousy earnings, sell-off. Bounces happen very fast. Only play with stocks you'd hold long term anyways.
I'm looking into buying after hours as the best dips happen then. I only need $5k a month to have a really good life. I have $50k cash to get it done, and it has been easy.
It is fun, working on my patience, and I have learned a lot. Biggest mistakes have been not having the patience. I can sell better on highs than catch the lows. Working on catching the lows and getting better.

Thanks PP - this is super helpful! Will be opening the Robinhood account today I had the feeling Fidelity was too slow for this type of exercise. I have been following all my positions much more closely lately and have started to noticed these tremendous dips and spikes - really just due to something someone said about X or Y, some jobs report or poor earnings or litigation ... it just really seems like super low hanging fruit to exploit, i wonder why more people arent doing it. It seems too good to be true. I am an economist with many years of experience so i have the foundational knowledge to see that something isnt quite right...anyways. Thank you so much, any tips on where I can go for more? Other groups/online communities/etc.???

WTF. You're an economist, but you're asking for stock tips on a mommy forum and just now noticing "tremendous dips and spikes."

And attended a T20? ELL oh ell

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Join us on wallstreetbets on Reddit

DP. I am here on DCUM and Bogleheads. I have such a hard time following wallstreetbets. But I don't use Reddit so maybe I just don't get the formatting.

It’s funny bc I think bogleheads is confusing. And I watch wsb for the random tidbits and earnings charts but don’t actually …follow the trading advice. I do use debt free forum, HENRY forums, financial planning, student loans lots of good stuff there!

I hear you on Bogleheads. It's hard to keep track of any particular thread since they sink so fast. I'll look up some of your others. For financial info I read most everything on Yahoo Finance and the Economist. On Twitter I follow Mohamad el-Erain, Adam Taggart (seems to be a perma-bear,) Liz Sonders, Vuk Vukovic (great short podcasts that explain topics,) and several others. Trying to get facts-only types, plus bulls and bears. If I have learned anything in my years of trading (living) is that you can suss out pretty much any opinion you want to support what you want to hear by cherry picking facts. Hard not to fall prey to that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Join us on wallstreetbets on Reddit

DP. I am here on DCUM and Bogleheads. I have such a hard time following wallstreetbets. But I don't use Reddit so maybe I just don't get the formatting.

It’s funny bc I think bogleheads is confusing. And I watch wsb for the random tidbits and earnings charts but don’t actually …follow the trading advice. I do use debt free forum, HENRY forums, financial planning, student loans lots of good stuff there!

I hear you on Bogleheads. It's hard to keep track of any particular thread since they sink so fast. I'll look up some of your others. For financial info I read most everything on Yahoo Finance and the Economist. On Twitter I follow Mohamad el-Erain, Adam Taggart (seems to be a perma-bear,) Liz Sonders, Vuk Vukovic (great short podcasts that explain topics,) and several others. Trying to get facts-only types, plus bulls and bears. If I have learned anything in my years of trading (living) is that you can suss out pretty much any opinion you want to support what you want to hear by cherry picking facts. Hard not to fall prey to that.

You're playing a losers game. That's not "cherry picking facts." That's a fact and it's based on many, many studies.

[Anonymous]

I never do market orders today. I always buy with limit orders. And I rarely sell positions. Have over $4.2 M in the market. I usually buy weakness, 2009 financials, March 2020 bought some Tech. Patience is rewarded. Also leveraged position for a trade can also work out. The trend is your friend. Typically have a positive bias. Use the whole too box, ETFs, mutual funds, individual stocks if you have the time, DD and research will pay off.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Join us on wallstreetbets on Reddit

DP. I am here on DCUM and Bogleheads. I have such a hard time following wallstreetbets. But I don't use Reddit so maybe I just don't get the formatting.

Try https://old.reddit.com/r/wallstreetbets/ instead. I loathe New Reddit with the flames of a thousand suns, but Old Reddit is quite usable with a decent adblocker.