Boiler Room: The Official Stock Market Discussion

[mannyrs13]

@mannyrs13

AWS re/Start

Thanks breh. Definitely gotta check that out. Wonder what the requirements are. I been doing some A+ cert studying but not ready to take the test. I know the parts of the pc and can manage my way around one but not the extreme technical stuff like knowing port numbers and other complex stuff. Have messed with some coding but it takes a lot of patience with that. I know Python is a major language but I don't know how someone can use it at times cuz it feels like so much work for what seems like such a simple task. Maybe learning is the boring part and the rest is interesting. I just been working on some html lately which isn't coding but feels like the same concept with writing code. I gotta get better at all this learning shyt.

 

[Serious]

I gotta get better at all this learning shyt.

Log out of the coli

Do the same with social media.

And watch your focus increase.

 

[mannyrs13]

Log out of the coli

Do the same with social media.

And watch your focus increase.

Most of my time spent is in this thread so not a waste of time but I feel ya on that.

 

[Serious]

Most of my time spent is in this thread so not a waste of time but I feel ya on that.

My secret in college, was noise cancelling headphones and acquiring a taste for jazz....
These are the best genres of music to listen to while you study - Study International

This is the ultimate cheat code to studying, listening to shyt like this:


If I was day trader, I would keep my calm by listening to this as well.

 

[Arithmetic]

WSJ News Exclusive | Affirm Postpones Its Initial Public Offering

 

[FabTrey]

NNDM came up on the Lightening Round and cramer was clueless.....

A lot of CNBC analyst are just as clueless about as stocks that are moving then we think....

There's a huge disconnect between young investors and the boomers.

Like 4 out of 6 questions were ARK INVEST related and cramer was stomped / clueless each time:

most investors don't know much about micro and small cap stocks. they have no reason to gamble and they know 9 out of 10 times these are trash. i get that.


but ARK? Cramer didn't do his DD.

 

[Serious]

most investors don't know much about micro and small cap stocks. they have no reason to gamble and they know 9 out of 10 times these are trash. i get that.


but ARK? Cramer didn't do his DD.

Nah I meant the questions he was asked centered around shyt ark was heavy in.


Someone did namedrop trashly with ark and cramer nearly had a heart attack trying to describe how o overvalued it was. I agree with him on that point

People would be better off buying NET instead of trashly.

 

[dora_da_destroyer]

WSJ News Exclusive | Affirm Postpones Its Initial Public Offering

Posted up about peloton being 1/3 of their revenue, this is also a crowded space. I do think them being an SV company flush with cash will help them in the acquisition game.

also this tidbit from a McKinsey study shows why the POS lending industry is a necessary part of the finance mix

The annual salary of millennials is approximately 20% lower than that of the baby boomer generation when they were the same age, after adjusting for inflation. Net worth of Americans ages 18 to 35 has decreased by 34% since 1996. These consumer factors make point-of-sale financing a must-have for banks in their unsecured lending playbook

 

[Arithmetic]

Electric-Bus Maker Lion Electric to Go Public in New SPAC Deal | The Motley Fool

Lion Electric (NGA). Keep an eye on this one.

Another Electric Vehicle Maker Is Going Public. This One Is All About Trucks and Buses.

 

[Doomsday]

I've been doing research. All yaw with 401k and ROTH need to get the fukk out of dodge.

Over the lifetime of the ROTH/401k, you lose 66% of the money you would have made. So you'd be 3x making all the same moves independently,

I personally don't like M1 either. Their customer service is bottom-tier and I don't believe in giving someone money and they purchase the shares on their own time. Even if you only purchase blue chips, you could miss out on dips fukking with them.

 

[Saysumthinfunnymike]

I personally don't like M1 either. Their customer service is bottom-tier and I don't believe in giving someone money and they purchase the shares on their own time. Even if you only purchase blue chips, you could miss out on dips fukking with them.

I like M1 for a couple reasons.. It's not something I really look at more than once a day. Fractional sharing made it easy as fukk to eat off multiple companies without outright buying shares and having the money sit there and i feel by combining the blue chips and the high growth it was an easy way to just throw some money at something and bank at minimal risk..

Most of what I stated there was a matter of convenience. But I still eat more off my other brokerage accounts because I'm doing more DD during covid and buying up companies that ain't even listed on M1

 

[FabTrey]

I've been doing research. All yaw with 401k and ROTH need to get the fukk out of dodge.

Over the lifetime of the ROTH/401k, you lose 66% of the money you would have made. So you'd be 3x making all the same moves independently,

I personally don't like M1 either. Their customer service is bottom-tier and I don't believe in giving someone money and they purchase the shares on their own time. Even if you only purchase blue chips, you could miss out on dips fukking with them.

401k/roth losing 66% can't be right. is it?
why would anybody do roth then? i've seen smart investor/advisors recommending roth over traditional all the time?


and i thought traditional vs. roth has been debated to death and it all depends on your future earnings and tax bracket.




m1 is a nice complimentary account for me.
it aint for trading. and I never ever contact customer service. i actually never contacted any customer service so far in any of my accounts.

M1 is a great dollar cost average/auto-invest platform, but if you got an itch finger, this shyt ain't for you.

this is a 5-10 year long term hold account.

 

[FabTrey]

DBX is nice brehs




i'm kicking myself not loading up more.

 

[Kal El]

I've been doing research. All yaw with 401k and ROTH need to get the fukk out of dodge.

Over the lifetime of the ROTH/401k, you lose 66% of the money you would have made. So you'd be 3x making all the same moves independently,

The hell you talking about? Roth IRA gains are tax free when you withdraw after 59 1/2

 

[Notley]

Please no one take this the wrong way. But the whole thing about keeping your portfolio tight (Preferably 3 but no more than 12) was something I've been harping on all year. It's called the "All In Gang" strategy, and as you can see, it clearly works. I'm not saying @Serious specifically followed my blueprint (even if he did it's all good, that's what we're here for) but I don't believe anyone's M1 was anywhere close to around 6 symbols before I stated it. But thanks to Serious for providing proof of concept in case anyone doubted the method.


As far as @Serious is concerned, proud of you bra. It seems you are finding the perfect balance between meme trader aggressive growth and boomer consistency. Salute.

I definitely believe in the "All In" mantra. It is how I want to play: 2-3 high-conviction stocks.

@FabTrey mentioned that he is focused on finding stocks where he sees a clear path to 10x. That's a high ass standard, but I know it is the path to wealth.

Right now, my standards are a bit lower, I am looking for stocks that I believe can 3-5x within two years in this low interest rate environment.

One of the most underappreciated
parts of the approach @Serious has laid out is when he tries to enter trades.

He tries to enter only after some Big Money gets in. Then, he tries to front run the second and third wave of Big Money. You've mentioned this, too. You were probably the first to do so.

That really is our big advantage: we can beat most of Big Money into a stock.

Some of these firms have strict rules. Some only allocate, and re-allocate funds once a week, or once a month, and even once a quarter.

That's one of the reasons that being able to see Ark's trades is so important, it gives us a jump on identifying where Big Money might go.