Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

Hope you didn’t buy much cause I can’t see this going up before earnings and then earnings will be a flip of the coin.

 

Yeah.. I didn't buy too much. I've just been using cash back credit card money, so I don't have anything to lose. But it's certainly not looking good, especially with the business failing

 

Yeah that’s why I lean towards dividend paying stocks so if it does fall, I can just hold and the dividends pay me during that period.

I trade CHK as well, but haven’t in a few months. I deal with mainly oil companies for daytrading, and large company dividend stocks for long term holding.

I remember 2 years ago CHK had a rumor they were gonna file bankruptcy, their stock dropped to $1.50/ share, they came out and said no bankruptcy and their stock bounced all the way up to $6. So you kind of have an idea how low it’d go if worst case scenario of bankruptcy rumors start

 

Yeah, I remember that. The shares got VERY cheap. Lots of folks made some good money on the bounce back. Now it's just been a slow death.. I've been watching and jumping in on the dips and selling in the high 3s / low 4s. This time it's going lower than I expected, but I probably just need to give it some time.

 

I’m not a fan. It’s close to the 52 high and I’ve never bought a stock buyer in the range.

 

It’s the price of a stock over a 52 week time period. So in this case, it’s close to its 52 week high.

If you’re just starting off, you probably want to start off small. And only buy known companies that won’t go bankrupt. Companies like T (AT&T).

 

But yeah, don’t go balls in.

 

My company is switching firms to Lincoln. The standard auto deal is 3% outta each paycheck and the highest for the maximum match is 5%. Its a new deal so ill find out more details.

 

thats funny, when I started into stocks I had the same idea and bought T, well didn't the fuckers go chapter 11 on me! 500 shares gone.

 

Yeah, in general try to go follow the buy low, sell high route. That being said, some stocks just keep ticking up and up and up. It makes it risky because the downside could be a lot worse. But if you pick an under performing stock (like the problem I'm having with CHK), then you could be in for a miserable ride further down... sure there's lots of room to go up, but maybe the company just barely has any good news to report. It's definitely best to start off with strong companies, or ones that have room for improvement. But I would stay away from things like biotech, or super small and peculiar companies with low trading volume. Stocks with low volume can swing wildly with hardly any trading activity.

If you haven't learned how to read candlestick charts, you should. They are good at telling you lots of things, especially volume.

The thing with tesla is they have a bigger valuation than ford.. which just puts a bad taste in my mouth. Not a lot of fundamentals playing a part in that stock price.

 

Do the max! It's free money. If you don't lose more than 50% of your valuation it's still a win.

 

Get into GE stock now while it's low. They're trimming fat now and if you can hold on 15 years, you'll be sitting well in the end.

 

Price point is good, but I’d be concerned with them cutting the div in half recently, and talk of them doing away with it completely. A 3% div is ok. Lots of other more secure companies with higher div. Like T @5% ( which has never lowered their div).

 

They are restructuring. I'd resesrch GE aviation in regards to P&W.

 

What company do you all recommend I set up an account with. I would like to open a Roth IRA, and buy a little stock from time to time.

 

Try Trading View. It’s a great platform with all manner of custom indicators, as well as blogs by users (a mixed bag of course) which will expose you to use and meaning of terms such as macd, rsi, ema, fibbonacci etc. It actually can be fun reading the charts when you start getting the hang of it. Mind you, I’m no pro trader by any stretch, but it’s a great platform for sure. Of course, part of trading is trading the news - and propaganda - as a lifestyle. Which can be a soul-suck if you let it.

Candle sticks are great, and popular, one should learn to use several other indicators to really understand what the charts are saying.

Of course a lot of people aren’t interested in TA (technical analysis) and just buy on fundamentals (long term potential value of an asset) and hold it.

Hope this helps.

 

I'm using TD Ameritrade for buying stock online.

 

Patches. I'm puttin my money in patches today. Seem to be holding value & with them on my headliner I can move them easily.

 

I plan on it. Had to remind coworkers of percentages. 3% of $1 is .03. And take it from there. Lol

 

one step at a time, try not to scare him off lol