Boiler Room: The Official Stock Market Discussion

[tuckgod]

Go on YouTube and look at videos to learn how to read a balance sheet, income statement, and cash flow statement. Don't buy companies with bad balance sheets.

Decide if you want to commit to long term investing or short term investing. Short term is usually much riskier and will probably get you less in profit but you'll get the profit quicker. Long term is far safer and will likely get you more in profit but that will be inaccessible for long stretches.

When starting out buy companies you know and believe in that have good balance sheets (manageable debt load and decent amount of cash on-hand) if all that makes you uncomfortable but companies like Microsoft, Google, Amazon, Apple, and Facebook. If you feel a bit more bold buy Tesla.

My total portfolio which is a little over a year and a half old is up about $11K about $9K of that is from just Microsoft, Facebook, and Apple. $6.2K of it is just from Apple alone.

If you buy a company with a good balance sheet and solid fundamentals and you're a long term investor don't sell for at least a few years if possible. The stock market tends to go up and to the right as time goes on. I'd be up way more if I kept some of the stocks I sold out of.

Don't follow the stock market too closely. Excessive tracking can lead to making too many moves.

I really appreciate y’all man

 

[Macallik86]

Funds were using it to short. Leaves retail exposed to more risk

Anyone can use it to short though, it's just funds took the initiative. I downloaded some data and planned on setting up a load to SQL Server but never got around to it.

Also, is it that much different than Payment For Order Flow where institutional traders pay brokerages like RobinHood to take the opposite side of retail trades since they are likely to be wrong?

 

[Starski]

If your new best to open up a Robin Hood account, but gold, trade options with max leverage.... anything else is a waste

Spoiler

 

[Ohene]

The bull case is that between all the partnerships they've made and their name they have positioned themselves as the leader in a sector that should be doubling and tripling as more states legalize sports gambling and DraftKings moves into those territories. Yes, there will be competition but DKNG is at least for right now ahead of their comp in many areas and the sector will be big enough to where multiple sports books can survive and do well.

The bear case at least for the short term you are seeing it play out.. They spend a lot of money on advertising to get where they are and with covid ramping back up people still don't believe these football seasons will even continue. I'm not sure myself if they will continue. I think they will try everything they can to push it through but we will see..

So with the offerings to raise capital and football being in trouble that's how you see a dip from $63 to $46. But this is a stock that I started accumulating when it was like $25 so it is what it is.. I'm holding long term because I believe in the sector.

Short term I see it as a potential buying opportunity. It could get down to $40 again.

Thanks for this. Will certainly keep an eye for it. I like the online gambling space overall but i feel like draftkings might have benefited from staying private a bit longer. They wrre very smart to raise capital at the high share price imo

 

[K-Deini]

Dkng getting mighty interesting at these prices. Need the Tampa Bay rays whole squad to contract the virus

 

[Serious]

Me too. FAN, TAN, ICLN, are on my radar.

bet ICLN is in my price range

 

[mr. smoke weed]

I honestly don’t feel like there’s much education (fundamentals of investing) in this thread. Best bet is to just ask whatever questions you have and skim the posts each trading day. But 2/3 of the posts each day are people just posting a random stock symbol followed by a smiley, “pouring jelly” or “hop on”

If you followed many of those suggestions, your portfolio would be slamming right now. Not you particularly, but any random poster.

 

[dora_da_destroyer]

Yo, thank you sincerely.

You gave me so much shyt to look into.

good luck, may the compound interest be with you

 

[dora_da_destroyer]

If you followed many of those suggestions, your portfolio would be slamming right now. Not you particularly, but any random poster.

following suggestions is not education. that's the difference between feeding someone (hey, buy this stock) and teaching them how to fish (here's how to analyze this stock, how to find what the drivers are for the company/segment, how to assess growth, here's their balance sheet and why it looks good, etc).

there have also been some bad moves and bags posted in here, and following suggestions is especially dangerous advice when it comes to stocks that should be flipped or swung, just seeing people post stuff doesn't mean you understand when to get in (or whether to get in) or out.

this thread can have some great suggestions, but if you don't understand why it's a good pick nor the type of investment play it is, then it means nothing.

 

[Serious]

Yo, thank you sincerely.

You gave me so much shyt to look into.

stay away from margin accounts.

Go with cash accounts.

 

[FabTrey]

nice little dip on LMND

 

[Serious]

nice little dip on LMND

please go back to $45

 

[morris]

nice little dip on LMND

gonna dip more

 

[Starski]

stay away from margin accounts.

Go with cash accounts.

This is true for beginners.

Once you have a solid understanding of singular stock evaluation, and the ability to basket different positions into a risk-adjusted portfolio - there is nothing wrong with margin.

 

[tuckgod]

good luck, may the compound interest be with you