Boiler Room: The Official Stock Market Discussion

[Saysumthinfunnymike]

Understand that all stock picks aren't winners. I'm not suggesting to sell at a loss but sometimes it is better to cut your losses and put your money to work elsewhere.

If you have 10 stocks and a diversified portfolio, as long as MOST of them are hitting you don't need to worry about the loser.

All the best investors have had some losing picks. If you do your DD you will come out on top more often than not and that's what you need.

 

[Starski]

Just some overall advice from my experience

• If you don't like reading, your fukked.
• A lot of people will appear they know what they talk about - approach with skepticism.
  • I am not saying assume they are lying - but always fact check.
• If you approach this as a "get rich quick" you will be fukked.
• Sec-Edgar is your friend
  • A 10-Q is a quarterly earnings report, they have a decent amount of information but the 10-K (which is the annual report) trumps all when first understanding a business.
• When you first get word of stock, don't fall in love - OPEND MINDEDNESS IS KEY IN THIS BUSINESS. Just don't look into the company, understand the environment they operate it, their competitors.
• PODCAST'S PODCAT'S & PODCAST's
  • Personally love
    • Real vision
    • Macrovoices
    • Invest Like the Best
• SeekingAlpha for Conference call Transcripts.
• I am not sure what your background is - ACCOUNTING IS A MUST.
• Aswath Damodaran - If you want to learn valuation (More advanced).
  
• Reddit Piracy to get free E-Book.s
• This doesn't just apply to investing - but you really have to love & have a passion if you want to get "good". Good should be measured by not just how much you made in a few weeks or months, but how long you stay in the game.

Also, and this is anecdotal, the difference between the Pro's and the amateurs is the pro's understand when they are wrong FASTER.

 

[FabTrey]

please go back to $45

if that happens i'm loading the boat

 

[FabTrey]

planet 13






$2.7 dip was nice



i regret selling my shares back when it was $1.2. i ate profit thinking this is just another volatile weed stock. but this really is nice.

 

[Serious]

damn IPOB got as high as 27 today

 

[IrateMastermind]

In a similar vein, I'm throwing about half my paycheck into my trading account.

In terms of figuring out what to do with your $$$, there is a good reddit graphic on budgeting:

Spoiler

Note: One idea growing in popularity is to use your Roth IRA as an emergency fund. If you go that route, you can kill two birds with one stone in the graphic above, but ideally, you won't actually have an emergency that requires $$$ so that your $$$ can grow over time.

As Gabbo mentioned, you can close out any stock position and have the $$$ back in your bank account in 3-5 business days. In my +30 years, I've never had a money emergency that required $$$ in less than 5 business days.

I’ve had this setup for a while now and I’ve always felt uncomfortable with it because I assumed no one else was doing this.

Do you mind dropping the link to the actual Reddit forum?

 

[FabTrey]

damn IPOB got as high as 27 today

but it don't matter if nikkas don't eat profits. i mean SHLL went near $60.

 

[Starski]

I just got around to listening to the JPM call...Jamie is a dikk

bruh just called the analyst asking a question and idiot.

 

[Saysumthinfunnymike]

but it don't matter if nikkas don't eat profits. i mean SHLL went near $60.

Secure profit, buy on the dip.. but opendoor is also legit imo

 

[FabTrey]

if your account isn't up 100% this year then you are

1. penny stock nikka who wins and loses some
2. scared ass nikka who didn't invest in March
3. broke ass nikka who are both #1 & #2
4. can't commit to anything nikka who keeps buying and selling stocks
5. nikka who waits for the next dip
6. noob ass nikka

 

[FabTrey]

Secure profit, buy on the dip.. but opendoor is also legit imo

it seems legit, but just like LMND, it will come down to earth. all it needs is 1 bad press or shorties go in on them.

if nikkas got in early then it's fine. but those who got in late then gotta secure the profit. my biggest mistake with SHLL is that i got greedy and i kept buying it because i believed in it too much. my avg went from $18 to like $32. at one point it was near $39. i mean when it was $58, $43 seemed like a nice dip.

 

[Saysumthinfunnymike]

it seems legit, but just like LMND, it will come down to earth. all it needs is 1 bad press or shorties go in on them.

if nikkas got in early then it's fine. but those who got in late then gotta secure the profit. my biggest mistake with SHLL is that i got greedy and i kept buying it because i believed in it too much. my avg went from $18 to like $32. at one point it was near $39. i mean when it was $58, $43 seemed like a nice dip.

Yeah no news on SPACs can be as bad as bad news sometimes lol because people will be impatient and big money isn't in enough to stabilize it.

But with opendoor at least you see ARK buying that's big money invested

 

[FabTrey]

Yeah no news on SPACs can be as bad as bad news sometimes lol because people will be impatient and big money isn't in enough to stabilize it.

But with opendoor at least you see ARK buying that's big money invested

ARK went in on ILMN too, but they ditched it. just sayin.


i could've kept IPOB, but i felt like i would rather just go long with TSLA.

and i already have LMND. i can't buy them all. and i'm just gonna add it when it goes public to my m1.

 

[Macallik86]

I’ve had this setup for a while now and I’ve always felt uncomfortable with it because I assumed no one else was doing this.

Do you mind dropping the link to the actual Reddit forum?

The subreddit is r/personalfinance

 

[tuckgod]

Just some overall advice from my experience

• If you don't like reading, your fukked.
• A lot of people will appear they know what they talk about - approach with skepticism.
  • I am not saying assume they are lying - but always fact check.
• If you approach this as a "get rich quick" you will be fukked.
• Sec-Edgar is your friend
  • A 10-Q is a quarterly earnings report, they have a decent amount of information but the 10-K (which is the annual report) trumps all when first understanding a business.
• When you first get word of stock, don't fall in love - OPEND MINDEDNESS IS KEY IN THIS BUSINESS. Just don't look into the company, understand the environment they operate it, their competitors.
• PODCAST'S PODCAT'S & PODCAST's
  • Personally love
    • Real vision
    • Macrovoices
    • Invest Like the Best
• SeekingAlpha for Conference call Transcripts.
• I am not sure what your background is - ACCOUNTING IS A MUST.
• Aswath Damodaran - If you want to learn valuation (More advanced).
  
• Reddit Piracy to get free E-Book.s
• This doesn't just apply to investing - but you really have to love & have a passion if you want to get "good". Good should be measured by not just how much you made in a few weeks or months, but how long you stay in the game.

Also, and this is anecdotal, the difference between the Pro's and the amateurs is the pro's understand when they are wrong FASTER.

I feel like I owe y’all some bread