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On November 10 2020 09:22 FiWiFaKi wrote:
Yeah, funny day, I have a feeling that response was too overhyped... I sort of expect a pullback this week, don't think S&P500 at 3600 is a fair valuation relative where we were before COVID. On the otherhand, I feel a bit invincible right now lol.
Around 60% on my election wager cleared Friday morning, so I split that 50/50 between MX and SU (TSX) at 2x margin last week. Sold MX today before close at 46.50~, and still keeping Suncor... Nice little gain back to 19, still quite a ways to go to reach the 26 something breakeven.
Will be interesting to see how the market responds to the vaccine news slowly leaking out. For example even if everyone gets the vaccine tomorrow, I highly doubt oil and real estate demand will go back to precovid levels. Surprised the thread didn't get more attention today though, this is the catalyst everyone has been waiting for.
Was a Japanese pump imo. Dollar strength ahead?
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I'm also newbie to trading Searching trading practices to perform but I didn't satisfied on them can any here help me how I can earn to live a peaceful life for my family.
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United Kingdom13775 Posts
On November 10 2020 14:38 abdiel081 wrote:
I'm also newbie to trading Searching trading practices to perform but I didn't satisfied on them can any here help me how I can earn to live a peaceful life for my family.
Pick a strategy that works for you, pick a couple of stocks you have a lot of faith in, or just throw it into index funds and go make money elsewhere. It's hard to make big money in stocks if you don't already have big money, since your biggest return option involves doing giant gambles that will most likely just leave you with nothing. A lot of people are so active in their investing approach not because it makes a lot of money but because their ego somehow depends on playing with their fairly mediocre cash stack.
That said, some people do make decent money off of active trading, so if that's what you want then pick one of the many plays that exist out there and throw some money at it.
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Agree wholeheartedly why what LegalLord said.
No free money in this game, and if you put in 5k expecting 100k in a year or two, 99% chance you'll be at zero. A consistent 15% yearly return would be excellent, but on 5k, all that effort for 750 is better spent on your job. Until you have at least 1x your yearly post tax income (or imo 2x), there's no point to spending a lot of time on it, because you'll make more money just working.
That said, there's no harm putting in 5k, but having realistic expectations. Most of the time, a index ETF tracking the S&P500 is the best option, unless you really have a strong reason to believe something, the really obvious is usually priced in. I partake in wsb, and I've talked to a few people over DM's because I reply to one of their posts and get scared... And I see first hand how people buy high and sell low too often due to emotional thinking. Somehow you need to convince yourself that the life changing amount of money you're playing with doesn't matter to you, and you're just trying to get a highscore. That way you rid emotions from your investing, and you can sleep easy if your portfolio drops 50%. And trust your gut, sentiment follows the market movements, people are doom and gloom in a recession and cocky when we're reaching all time highs. Following news and big public forums will usually sway you in the wrong direction sentiment wise.
In the meantime, try opening up an account, buy a very broad ETF, and see how your body reacts to the movements in your account to understand what you're comfortable with... And look at some companies you think and are good, and see what their stock does. Nothing like being 100% sure of a movement in one direction, and the market doing the opposite - makes you respect the market and teaches you to hedge your risk. Markets especially short term are very irrational and people drive the movements, so little things like random tweets or sex scandals can create unexpected movements. It's all very probability based, and even being able to get a small edge and win 51% of the time can lead to exponential growth long term.
My father invested in one company (some obscure gold mining company in the middle East) , went from 10k to 80k in a few months (found gold, things were looking great). His next play, he put in 250k in another middle East company, amazing fundamentals, super undervalued... Reporting that soil sample results are excellent blah blah, turns out CEO was a fraud, and ran with the money, and father lost almost everything. Be careful 
Edit: Maybe Kwark, I checked his history of 3 posts before posting... A bit odd, but idk, in the off chance he's real, nice to be welcoming to newcomers.
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United States42009 Posts
On November 10 2020 15:21 LegalLord wrote:Show nested quote +On November 10 2020 14:38 abdiel081 wrote:
I'm also newbie to trading Searching trading practices to perform but I didn't satisfied on them can any here help me how I can earn to live a peaceful life for my family. Pick a strategy that works for you, pick a couple of stocks you have a lot of faith in, or just throw it into index funds and go make money elsewhere. It's hard to make big money in stocks if you don't already have big money, since your biggest return option involves doing giant gambles that will most likely just leave you with nothing. A lot of people are so active in their investing approach not because it makes a lot of money but because their ego somehow depends on playing with their fairly mediocre cash stack. That said, some people do make decent money off of active trading, so if that's what you want then pick one of the many plays that exist out there and throw some money at it.
Pretty sure you’re talking to a bot.
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Aaand luck ran out today. Slid into a curb at like 15km/h with the rear wheel, because Alberta weather and I drive too fast. $1975 repair, ugh, on my junker $5000 car. I'm so bitter, hate flushing money down the toilet like that. Should've done it myself, but the shop took too much apart to diagnose what was bent, so would already be down $300 or so. Seems like such a small thing, but it bends the suspension everywhere.
That mentality is so strange though, throwing down several tens of thousands of dollars on a high risk play, doesn't blink. But paying $13 for lunch, oh no.
Anyway, sorry for slightly off topic, think of it as -2k investment play. Not much to talk about today, market was pretty mellow compared to yesterday. Didn't see much optimism from everyday people today about the vaccine news from my interactions.
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Fully expecting the coming drawdown to be blamed on Trump election drama or some totally (yeah right) unexpected event.
Because he wants you to believe he's controlling it...
If no drawdown, I'll eat my hat.
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And for the low, low price of $999.99 I can show you how to make money too!
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where my palantir chads at?
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 When I was looking forward to starting day trading, my best friend told me: Daytrading is very easy, trading a profit is hard, but keeping those profits it's the hardest part. I did great as an online broker in the bull market for the first few months but then doubled down and lost about 5k really quickly. Tried it again after a while, and figured out how to make it work. It took me six months to make all this profitable, so it's not an instant thing by any means, but it's totally worth it, in my opinion.
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What's happening with Bitcoin again? I've not followed it much, but seems to be approaching the peaks it had two years ago. My understanding is that nothing has really changed, so once again there is nothing fundamental driving the price up, so is it just people hopping onto the "funny line go BRRRRR" train with big time FOMO?
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United States42009 Posts
On November 23 2020 05:45 Oukka wrote:
What's happening with Bitcoin again? I've not followed it much, but seems to be approaching the peaks it had two years ago. My understanding is that nothing has really changed, so once again there is nothing fundamental driving the price up, so is it just people hopping onto the "funny line go BRRRRR" train with big time FOMO?
Yep
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There's a lot of easy money floating around in investments these days and bitcoin is a natural place for some of it to end up. When (and if) there's a concerted contraction, bitcoin will follow the rest of the ships in the sea I'd guess.
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On November 23 2020 06:02 farvacola wrote:
There's a lot of easy money floating around in investments these days and bitcoin is a natural place for some of it to end up. When (and if) there's a concerted contraction, bitcoin will follow the rest of the ships in the sea I'd guess.
Think a bunch of new people have access to it as well through paypal is another driver.
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So weeks like today makes you question why you ever hold SPY and the like. Market exploding, SU position up over 50% over 3 weeks, S&P (vfv) goes up 0.5% or 1% in a day when it feels like it.
The rally we've had is quite impressive though, WTI to $45 today, and these value stocks pumped like mad, curious to how much longer it will go on, only so much money out there. Sentiment is just too damn high imo. Right now I'm about 60% S&P500 and 40% SU. Still eyeing some plays, was thinking of a somewhat safe boomer stock to buy yesterday if it didn't open much higher today. Ford did though, so passed up on buying a 30-40k position on LoC. Cenovus is probably the best oil producer play if you anticipate $50+ oil prices, theyve got like 0.6% of world production and are worth pennies (they bleed money when oil is cheap unlike CNQ or SU, though when it's low enough everyone will bleed).
My view (not to get political), is that people are viewed the vaccine as a cure, but I think it's not going to be as smooth sailing. I think governments won't be comfortable to lift restrictions to see how the vaccine works longer term. People will be a bit paranoid to travel for a while, and I think longer term, 90% success rate of the vaccine is very optimistic. I think sometime next year we're going to take a small hit, but anyway, hard to speculate.
Any COVID hit stocks you guys are in that are taking their sweet time to recover?
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Yes. Bought some Boeing call options expiring in June next year. I closed the position for a small profit today. Bought leap calls expiring in 2023 for Jets ETF (ETF for airlines) a little out of the money. I'm intending to keep that position for at least a year since I think it'll take until the end of next year until life returns to normal. My option plays are just for a few 1000 Euro's though. Most of my portfolio is in world equity index funds.
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United Kingdom13775 Posts
Still sitting on a mix of cash and various index funds, and to be honest I'm pretty happy with the results this year. I suppose I could have done more stock picking and right now be obsessing over "that one stock" I made a big play in, but I'm not into stupid WSB-like leverage plays and don't have enough money to care about the upside of a stock merely rallying some double digit percentage. Sounds mostly like a way to waste a lot of time obsessing over mere six-figure pennies.
Looking back at the gains since January or since June, I like how much I'm up by. Not really inclined to change my strategy at the moment.
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What platforms/banks/brokers do euros here use for basic retirement/nest egg saving?
I am planning on moving back to Europe next summer after 10 years in the US and at least from what research I have done so far the infrastructure for grassroots savers seems woefully lacking.
I am not interested in day trading or whatever, I just want to be able to buy regularly buy indexfunds or broad index tracking ETFs for equities, government bonds and corporate bonds with no fees.
So far my searches mostly point me to small online-only brokers that almost feel like startups to me and I am very worried about trusting a startup with a significant fraction of my money. Is that unreasonable?
There doesnt seem to be any equivalents to Schwab or Vanguard?
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I use one of the big banks in the Netherlands. Due to tax reasons it's the cheapest. There shouldn't be any risk since investments will be held in a separate holding so that when the broker goes bankrupt there won't be any claims on the investments of clients. Exception is that some brokers trade with cfd's instead of actual stocks. Avoid those. Some big brokers you can look at are degiro and interactive brokers.
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EPT
