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Misc Stock Market

Storm5 said:
Had six that were green all morning and now they are all red


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I've obviously got some learning to do.... yesterday the market was up and my portfolio was down, today the market is down and my portfolio is down ?‍♂️?‍♂️
 
Flurry said:
Looks like it's been behaving pretty well lately...Sounds good...I know you'll keep an eye on it
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I mean entry at $5.90 into a stock was trading at 20 in mid February. One good government contract away from trading above $50 again. I think I’ll sit on it a couple years. I mean, this looks good to me. Trying to diversify a little.A9572C2A-7768-4EAA-9C81-90750A4536A5.jpeg
 
I’m honestly just loading up knowing that I’ll most likely see red for a while. If/when this thing decides to bounce I’ll be on the train. I’m not the type of guy that would have invested my hard earned money into a market approaching 30k like it was a couple months ago but at these prices now I can’t help myself. And if it decides to tank again, I will continue to load. Be greedy when others are fearful.
 
Jimmy Hypocracy said:
I mean entry at $5.90 into a stock was trading at 20 in mid February. One good government contract away from trading above $50 again. I think I’ll sit on it a couple years. I mean, this looks good to me. Trying to diversify a little.View attachment 38153
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Looks like several analysts have it as an "overweight", but you know you need to take that with a grain of salt!! I think you're fine right now...Don't rock the boat as long as you're green
 
Take a look at UCO and tell me what you think. It’s a 2x Crude Oil ETF that has really taken a beating the last month or two. Upside looks solid but I’d like to know what some of the seasoned experts on here think.
 
Jimmy Hypocracy said:
Take a look at UCO and tell me what you think. It’s a 2x Crude Oil ETF that has really taken a beating the last month or two. Upside looks solid but I’d like to know what some of the seasoned experts on here think.
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Yeah I'm curious about the experts opinion also.... I may be wrong but seems to me having Oil ETF and gold ETF's might be counter-intuitive. As the markets bottom out so does oil and usually gold goes up and vice versa. But I'm a novice so yeah I'd like to know too
 
metwannabe said:
Yeah I'm curious about the experts opinion also.... I may be wrong but seems to me having Oil ETF and gold ETF's might be counter-intuitive. As the markets bottom out so does oil and usually gold goes up and vice versa. But I'm a novice so yeah I'd like to know too
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Oil has tanked and Gold/miners are hardly budging. I need something to give soon
 
FLR up 20% from where I bought yesterday. This EOD Dump is going to hurt but I’m not selling. And that’s that
 
Jimmy Hypocracy said:
Where does it stop? Nobody knows! Best 24hr investment of my young career. Now for the plunge????View attachment 38156
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I really wouldn't be surprised if you didn't see a big drop off today...It's doing what it's supposed to do...When shares are being sold, somebody's there to scoop up the scraps....That's a good sign
 
Jimmy Hypocracy said:
Take a look at UCO and tell me what you think. It’s a 2x Crude Oil ETF that has really taken a beating the last month or two. Upside looks solid but I’d like to know what some of the seasoned experts on here think.
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Because of the way they work, leveraged ETF’s aren’t usually a good way to invest in a down sector in this type of market. Once we get into a recovery and start to see things consistently green then the ETF might be worth a look if oil follows suit but until then I would stay away. I would look for individual oil companies with good revenue growth and low debt in the industries that are down if you want to look long term. Same with JNUG, I wouldn’t touch it with a 10 foot pole right now.
 
Finally my SQQQ is doing what it was supposed to do Monday! Green candles into the close!
 
snowlover91 said:
Because of the way they work, leveraged ETF’s aren’t usually a good way to invest in a down sector in this type of market. Once we get into a recovery and start to see things consistently green then the ETF might be worth a look if oil follows suit but until then I would stay away. I would look for individual oil companies with good revenue growth and low debt in the industries that are down if you want to look long term. Same with JNUG, I wouldn’t touch it with a 10 foot pole right now.
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Yeah. I’m sort of stuck in JNUG. Shouldn’t be a problem to recoup my money before the end of the week/early next week but it didn’t perform the way I thought it would. That’s investing, I guess.
 
Jimmy Hypocracy said:
Yeah. I’m sort of stuck in JNUG. Shouldn’t be a problem to recoup my money before the end of the week/early next week but it didn’t perform the way I thought it would. That’s investing, I guess.
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Yeah that’s part of investing, I’ve been doing it for 15 years now so I’ve learned many lessons the hard way lol. What brokerage are you with? One of the best tools in TD Ameritrade is the stock screener where you can create custom screens to look for stocks that meet certain qualifications. For example, I have one for high dividend paying stocks that average a 10% gain each year on top of paying a 5% or higher dividend. I also have a “big mover” screen I use for day trading. The top performer on that screen for today is SGBX.

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Once you really get the hang of things, L2 view is helpful with smaller companies and seeing where certain areas of resistance might be. I’ve also found most stocks that run 100% or more in a day usually only run 1-3 days before selling and profit taking kicks in and sends it red.
 
TVIX looks like a great entry right now before April starts and reality sets back in
 
snowlover91 said:
Yeah that’s part of investing, I’ve been doing it for 15 years now so I’ve learned many lessons the hard way lol. What brokerage are you with? One of the best tools in TD Ameritrade is the stock screener where you can create custom screens to look for stocks that meet certain qualifications. For example, I have one for high dividend paying stocks that average a 10% gain each year on top of paying a 5% or higher dividend. I also have a “big mover” screen I use for day trading. The top performer on that screen for today is SGBX.

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Once you really get the hang of things, L2 view is helpful with smaller companies and seeing where certain areas of resistance might be. I’ve also found most stocks that run 100% or more in a day usually only run 1-3 days before selling and profit taking kicks in and sends it red.
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I have Etrade. I downloaded some stock screeners and I’m trying to figure out a good screen to find big movers using Volume/volatility. The only problem is I want to find them before 10am. Finding the big movers after the fact does me and my wallet no good. Any suggestions on how to fine-tune this?
 
Also, for those who day trade or want to try it, I set a screener to pick up certain things in the AM and then usually pick a stock that fits my criteria and will go with it. I did CYDY yesterday and made 17% on it. Now waiting for funds to settle before I look for another.
 
Jimmy Hypocracy said:
I have Etrade. I downloaded some stock screeners and I’m trying to figure out a good screen to find big movers using Volume/volatility. The only problem is I want to find them before 10am. Finding the big movers after the fact does me and my wallet no good. Any suggestions on how to fine-tune this?
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My screen is set up to find stocks with heavy or above average volume, up more than 20% and that’s it. From there I sort the list by price and usually go with ones in the $2-5 range as they typically move the most percent in a day. I look for what the catalyst is that is making it move, share structure, L2 (Etrade should have that) and then pick out a top 2-4 stocks and watch them. I run my screen around 9:45 am. What you’ll find is the big runners almost always gap up big, sell of and languish and then run hard in the afternoon. I usually buy them once they start the move upwards. If I had spare money today I would have bought SGBX at the $4 price. Usually 10:30-1pm is the “lunch money” time where people take profits, selling pressure is heavier, etc and then if it’s going to run big in the afternoon it’ll take off around 1 or 2pm.

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snowlover91 said:
My screen is set up to find stocks with heavy or above average volume, up more than 20% and that’s it. From there I sort the list by price and usually go with ones in the $2-5 range as they typically move the most percent in a day. I look for what the catalyst is that is making it move, share structure, L2 (Etrade should have that) and then pick out a top 2-4 stocks and watch them. I run my screen around 9:45 am. What you’ll find is the big runners almost always gap up big, sell of and languish and then run hard in the afternoon. I usually buy them once they start the move upwards. If I had spare money today I would have bought SGBX at the $4 price. Usually 10:30-1pm is the “lunch money” time where people take profits, selling pressure is heavier, etc and then if it’s going to run big in the afternoon it’ll take off around 1 or 2pm.

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Invaluable information. Much appreciated
 
Jimmy Hypocracy said:
Invaluable information. Much appreciated
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You’re welcome! It takes a long time to get the hang of it but it can be very rewarding. Much of it is just pattern recognition and knowing what to look for and avoid. Right now a hot sector is anything coronavirus related. Awhile back the marijuana sector was. There’s always a hot sector, just have to find it and then hold on!
 
Flurry said:
FLR held her ground pretty good for you today, Mr. Hypocracy
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Yes she did. Tried to sell off and found resistance around 6.75. Very happy with the way that turned out. Healthy buying and selling. Now we just need to avoid the dump at the morning bell ??
 
Jimmy Hypocracy said:
Yes she did. Tried to sell off and found resistance around 6.75. Very happy with the way that turned out. Healthy buying and selling. Now we just need to avoid the dump at the morning bell ??
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Jimmy here’s a fun chart for you! If you bought this at $2 yesterday you would be looking at a 6x increase in 24 hours! How about that!
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Storm5 said:
www.foxnews.com

Trump says he's open to joining Russian-Saudi oil talks amid price war

With global oil prices plummeting during the coronavirus pandemic, President Trump said Tuesday that he is open to joining the leaders of Russia and Saudi Arabia in talks as the two countries try to resolve a price war.
www.foxnews.com www.foxnews.com


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This will be resolved. Load up on oil related stocks while they’re still at a discount. News will break some time in the future and oil stocks will go up overnight. We are still heavily reliant on oil and this little pandemic may have set us back another decade in that department. Load up
 
It's been great. Netflix has been wonderful. I don't know when I'll sell it. I have bought some short-term stocks due to the stimulus package, but I'm selling that dirt. Airlines? Sold them after picking them up already dirt cheap. The bottom is coming in the next month. Gather your funds.
 
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