Boiler Room: The Official Stock Market Discussion

[Deafheaven]

@Carrion Flowers are you interested in stocks or crypto exposure or both? I don't know a damn thing about crypto itself but I can help with stocks and stocks that have some crypto exposure. I'll probably be online more tomorrow but I got some snow clean up to do

mostly stocks fam.

 

[Deafheaven]

The app is decent. I mostly use the website cuz its gonna show more features of course but app decent enough.



Yeah I think you need to wait until the funds clear. Make sure you have plenty of patience and risk tolerance cuz everyday isn't like today. I know MARA has to do with crypto but you not gonna see crazy gains on a daily basis. You gotta be on top of things and know your limits. Its a long and rewarding game investing in the stock market. You've made a good choice by investing tho.

Yeah I'm really focused on taking my finances to the next level in 2021. I'm naturally frugal so I might as well put a bit of my savings into something. I don't mind it being a slow grind at all.

 

[mannyrs13]

Yeah I'm really focused on taking my finances to the next level in 2021. I'm naturally frugal so I might as well put a bit of my savings into something. I don't mind it being a slow grind at all.

Yeah I feel ya. I had my savings in Ally Bank but once the pandemic hit and I lost my job plus they started lowering their rates I was like fukk it. Let me get deeper into the stocks and crypto game. Was making like 2% interest and then the rates lowered and now I think they offering like .40% yet with my M1 Finance pie I've made over 45% since like the summer and with much less money than I had in savings. Plus all my other gains in other investments. Just not worth it to have so little returns on a savings account. Definitely lots of good info on here. I feel that knowing finances and money management are necessary to survive out here. Read up on the knowledgeable posters on here that post info and videos, and just read up in general. Whether it be random articles online or even finance books. Something that'll get your mind focused and motivated to improve your finances. Its simple to take your finances to the next level. Just gotta learn the rules to the game and follow them. You likely young so you got plenty of years to grow your money and build. If you older, don't matter, long as you doing something you ahead of the game.

 

[FabTrey]

FE going in on TTCF. i guess i'm adding it to my m1.

 

[FabTrey]

stay away from robinhood breh
SEC charges Robinhood with misleading customers about how it makes money

these shady practices don't impact my account at all. Robinhood is great because it's the easiest with nice features. and i feel like it's secure with 2 factor authentication.

there is a reason why it's growing so fast. look at these stats.


Robinhood Users
2014 500,000
2016 1 million
2017 2 million
2018 6 million
2019 10 million
2020 13 million


Robinhood Revenue
2015 $2.9 million
2016 $9.3 million
2017 $21 million
2018 $69 million
Q1 2020 $91 million
Q2 2020 $180 million


Robinhood Average Account Size Comparison
Robinhood $1,000 to $5,000
E-Trade $100,000
TD Ameritrade $110,000
Charles Schwab $240,000

i see them keep growing and growing. it changed the game. it made investing approachable.

compare RH to fidelity mobile app. It's really not even comparable. RH is so much better at everything. i like fidelity because it's my long term account. but for anything else RH beats all my other accounts.

bottom line RH is a perfect for noob investors. it's so simple. Simple always wins.

Spoiler

 

[FabTrey]

What I do is put 10 to 20% in the AGG stock. Its a gold and treasury ETF. Low expense ratio of .004%. They give a dividend every month. And the best part is the stock actually goes up when the economy crashes.

So what I do is sell my agg stock take those funds and buy stock thats crashed. Then when the econony comes back. I sell some stock and buy AGG again and wait for the market to crash.

that's another way to do it, but my itchy finger always pull a damn trigger. so i like to have my cash in my bank account

 

[Reign X]

FE going in on TTCF. i guess i'm adding it to my m1.

him and others, it’s doing good business already. If I had something to sell I would buy some.

Well damn.

 

[FabTrey]

him and others, it’s doing good business already. If I had something to sell I would buy some.

Well damn.

that thing is ugly. people will probably buy it tho. they buy anything from toyota. every time i see prius i be like


Elon ain't impressed with the competition




i wonder what Elon thinks of new Mustang Mach E. reviews are great.

 

[Reign X]

Looking at who else could get s&p stimulus in future, not at Tesla level but a bit of a bump. Square needs three more profitable quarters after covid set them back and they’ll likely get in. Could be a 150+ bill market cap by then. Zoom is another option, but see what happens post vaccine.

 

[Saysumthinfunnymike]

here we go I had Tattooed Chef a handful of shares back when it was a SPAC and sold them off but Jeremy is in and I always liked it, I felt it could eventually make a BYND type of run, talkin years 3-5 years but fukk it.

@Da_Eggman

 

[Serious]

here we go I had Tattooed Chef a handful of shares back when it was a SPAC and sold them off but Jeremy is in and I always liked it, I felt it could eventually make a BYND type of run, talkin years 3-5 years but fukk it.

@Da_Eggman

I actually see these in the store and they're usually out of stock or close to it. I live in la, in a very trendy / hipster area if that helps....

Definitely will load up and take inventory next time in the store this weekend.

It's already up $2 in PM.

Holy shyt there's some bag holders at $57

Once again off principle I gotta wait for an entry point, could be a couple weeks or a month from now. It's getting FOMO'd.

 

[Saysumthinfunnymike]

I think the true intraday high for Tattooed Chef is more like $28. This google chart is all fukked up for some reason. So $28 is what I'm looking at as the limit for my "buying zone" if I were to get back in it.

But expected 50% growth next year. Expansion in Walmart and Costco and then hitting all the other major food retailers in the near future. They have an online store for products...

But my favorite part of all.. They are growing their own products and testing out new SKUs. That spells huge growth potential. Key word potential but so far they are nailing what you wanna see.

Valuation is far more reasonable than BYND (though I don't factor that in much for a growth stock).

 

[Serious]

closing up my position in BFT...

Once again I believe this shyt can run to $40 in the near future, but I want to allocate my money somewhere else. Trying keep as few positions as possible.

Can't be investing like a slut- Chicken Singapore

TTCF looks interesting and its on my watchlist. I'll wait for a time to strike.....

 

[dora_da_destroyer]

i wonder what Elon thinks of new Mustang Mach E. reviews are great.

They made this stang look too much like a Tesla. Mustang been one of my favorite cares my whole life, think there has only been one body style I didn’t really love back in the early 00’s

 

[Serious]

Good point. No stimulus deal = markets tank.

I'm ready either way.