Yea, I really should be putting disclaimer whenever I post something stock-related in here. Totally agree on that priority list: get the basics covered first before venturing into stocks.
Just posting to see how far I can take my base 5k in the stock market. Just interested to hear other traders out there- success/failure stories, bullshit etc. As for me, best play so far is NEON stocks. In @3.02 from last week after it announce 5M stock issues for the next 3 years. It just crossed 4.00+ yesterday. Not bad imo.
Speaking of High-frequency trading, itās on next weekās agenda in the Senate Panel. Is it illegal? Iām not sure: i mean its predictive pattern algorithm that happens to be in a really fast connection trading in large quantities where a 3 cent difference translates into big $$$. Weāll see.
Disclaimer: Play with expendable income only if you want to try stock trading! Iām no financial advisor on this subject, just a scrub trying to earn extra $$ on the side etc. You can potentially lose all your $$$ on this! Gamble at your own risk.
I know I keep yapping about the legal pot thing, but hereās one more article kinda on that topic.
Basically, the weed aināt making more criminals. According to police reports, there are actually less arrests now than before. Also, more weed shops have opened up WITHOUT a large outbreak of criminal activity!! :wow: Two people have been reported as dead, one jumped out of a window, and one killed by a man (Her then husband). Both were reported to be high on marijuana. Still, Iāve seen worse happen on alcohol. Not only worse, but at a far higher numerical rate in a much shorter time. Donāt believe me? Itās football season. go to a game and see how long it takes to spot a drunk. Hell, you may not even have to go THAT far.
What does that mean to us? More people are finding out what the stoners and potheads have known for years. Marijuana is NOT an evil, killer drug. Itās most sinister property is that it is ILLEGAL. That, and it makes your breath smell like youāve been using diarrhea for mouthwash. :wasted: What I like about this isā¦
1: Pot stocks are bound to get more love (and therefore, become more profitable) because of the increasing good news.
2: There are plenty of small cap pot stocks around that even a person with a minimal wage job can afford to stack up a bunch of them and wait it out for them to hopefully grow into some bigger green. Take that however you want. Good luck everybody. Hope to see you in the winnerās circle and soon. :tup:
This dudeās blog is the truth. I personally donāt dabble in currency trading but his points still stand regardless. Itās well worth the read :tup:
Damn yo. This thread been getting straight neglected. Hereās hoping I can inject a little new love into it.
Donāt worry. Itās not gonna spam your box into early retirement, nor is it a virus. Just a free video from the motley fool website that I think a lot of you here will want to see and should give a listen to. Enjoy.
well, my plan was to buy BABA at 92 and give it a year. Of course I wuss out as it drops a measly 5 bucks, then watch as it 100, then gains $20 in like 5 freaking days .I did so much research on that before too, ugh should have trusted my instincts. I think its still a buy though
I hear ya man. I got mad because I tried like hell to get the jump on it when it first came out. I had actually sat awake that WHOLE night into game time that morning making sure I didnāt miss the buzzer. I set my price at 65. Didnāt even get a one. I get mad, rage quit, and bought another stock to reap some upcoming dividends. Kinda in the same boat with you now wishing I had went ahead and bought some of it.
The more I read about3d printing, the more I feel that this is going to go big. I mean, how can it NOT? 3d fān printing. Keeping it down to simple non-complex objects, Just look at the possibilities. Break a dish? Print.
lost a screw? print.
lost the wrench? print a tool belt butterfingers!!!
New T-shirt for the baby? print.
Dirty panties? Do yoā damn laundry!!! If that option is not available, Print.
Fucking super-exclusive Dirty green-blue lego rolled under the couch and the dog ate it? First, put the damn dog outsideā¦then Print.
You can see where Iām going with this. Thatās just small simple objects. I know that they have printed replacement bones, organs, They even have 3d printed meat. Yes, MEAT. For those who donāt care about foodā¦
^Those who know me know that I can fap to this. Canāt wait to see what they can think up for LED contacts. Welp, back to the quest for knowledge and money.
Anyway here is one suggestion is that whatever you make take about 1 hour worth of work for each day and add it into your savings weekly. For example, if you make about $34,000 a year that is the equivalent about $16.35/hr. So you should be saving about $81.73/wk. With interest bearing accounts such as INGDirect (i have) and others, that money will increase in a heartbeat.
^Truth.
I personally set up a 2nd bank account where every payday, it automatically move a certain amount from main checking account to another account. I donāt have a card to it so there is no way for me to access it except physically going to the bank. Iām a lazy douche so I rarely go to the bank- itās a WIN-WIN situation. āSet it and Forget Itā is what I say.
Since its 2015, anyone have any new/updated financial goals? Mines simple: trade that ish once it appreciates 5% instead of 10%. Yes it may not seem much, with taxes etc, but as posted before, Mattās Trading blog is right. A profit is a profit!
Spoiler
#1: Take Profit
Thatās what trading is all about. Period. Taking profit. Youāre not losing money by taking profit. Your account is not big enough to absorb and sustain drawdown, yet youāre trying to pay bills so youāve got to get paid. At this point, the direction your account balance moves is of much greater importance than the speed at which it changes. Not to mention, thereās some unbreakable and unwritten law of trading that says when your account balance goes down, it drops much faster than you can make it go up. Donāt test this theory, accept it and let it put the fear of God into you. The idea is to quit while youāre ahead, every time you get ahead. Do not concern yourself with how far ahead. Taking less profit more, results in more profit.
When your balance has grown to something more substantial, you can endorse concepts like ālet your winners runā. For now however, you just canāt. Doing so will cost you dearly. Thereās nothing wrong with the idea that the vast majority of your trades are closed at break-even or just slightly above. In fact, with a small account this is desirable. Youāre taking trades, but not losing money. Iām a huge fan of 10 pips. Iām a bigger fan of 5 pips. 2 pips will do nicely as well. A pip in the books is a pip earned. A hundred pips in open PnL is worthless until you take it. Your chances of success go up proportionally to the age of your account. Every day, month, year that you trade without losing your account increases the chances that youāll end up where you want to be.
I had one of those with them. I wish I had stayed on it because about now Iād be rolling. I might go back in soon, but thereās the problems of my disability cash to worry about. Unless Iām wrong, they can cut it off if I make too much money in the stock market. Not sure how that works for military DB, but I think regular Government DB has a certain rule about that.
that bolded part is the truth. As of this month, I have finally achieved one of the goals I had in mind when I did exactly what you said. I set it and (Mostly) I did forget it. Now Iāve got 10 grand in backup bucks. It works out well as long as I donāt mess with it. With a little disciplene, I might be able to double it up this year. If so, Iām gonna celebrate in a foreign country.
Iām starting to think paying off my credit card is going to be a cumbersome process - I pay the minimum payments of $25, and after a while the bank wants to charge me with interest for not paying off the entire thing in full. I canāt speak for others, but not everyone can pay off their entire credit in one drop. Itās rather annoying considering Iāve been consistent with the payment and have not been using my card at all in the past months, but I suppose how the world works.
That being said, my financial goals are being more strict with my money, developing a good sense of handling finances, and as aforementioned, paying off my credit card.
The first thing I must advise is to NEVER just pay minimum. ALWAYS pay as much above minimum as you can. You want to pay that thing off as quickly as possible. As you said, they want to charge you with interest for not paying off the entire thing already. Basically, more money to them, and you get to stay on a leash slaving away to get rid of that debt.
I too have a credit card. The first thing I made myself promise is that
1: I will pay this bitch off each and every month, no matter what.
2: I only use it for two reasons: keeping my credit rate in shape, or if shit has hit the fan and I need to put money on something RIGHT HERE, RIGHT NOW. NOTE: By keeping my credit rate in shape, I mean that I buy a small priced item per each month on the card. I try to have the money already in place before I even buy whatever it is. either that or make sure it is going to be there before the bill comes out. Once that bill arrives, I pay it so fast that the bill itself looks at me like,āBitch, you know you coulda just paid that shit and saved me from having to come all this damn way out here.ā
3: Try not to ever break the first two. I never wanted to get a card, but since I need to have credit to get to stuff I do want, I swallowed my fears, made a sensible plan, and did what needed to be done. I wonāt lie tho. There are days when that thing is burning a HOLE in my pocket and I hear voices in my head saying,āUse me. Use my power. Get what you want!!ā But I have been able to stick to my plans and all has worked out well. First thing first, get that damn thing paid off!! Do it as fast as possible, even if you have to turn some stuff off to get extra money for a while. When you get it back under your control, make sure it stays there.
Thank you. I help out with other bills in the household so I try to pay as much as I can on the card as possible, which is the card is the way it is now (thereās money on the card but not much). However, lately Iāve been spending too much on groceries though.