The Brehs of Wall Street (Offical Stock Market Thread)

[SwizzLake]

A question For brehs who have been investing for years

was Tesla ever a penny stock?

penny stocks is generally considered trading under 10 a share

 

[FaTaL]

You have to believe in the business if you're investing it for the long term, I don't believe in the business that much for me to hold it for that long. It is a high risk trade in my opinion, not for long term.

Read this article to understand why: Zomedica Is a High-Risk Trade, Not a Long-Term Investment

Of course we can be wrong

Good interesting read, social media is so powerful, might drop like sava

 

[calixprynce]

Good interesting read, social media is so powerful, might drop like sava

might take my 33% profit and run . i dont like leaving $ on the table

 

[SwizzLake]

Good interesting read, social media is so powerful, might drop like sava

Sometimes these companies employ these marketing nerds on social media to push how "valuable" their stock is and generate buzz..They don't have any volume, but get it through the buzz they create (ponzi scheme).

 

[ORDER_66]

I only put $50 on $zom I'm hoping to make more off it cause it's 1.87 ain't enough...

 

[UncleTomFord15]

Is this thread going to remain permanently stickied

 

[SwizzLake]

Good interesting read, social media is so powerful, might drop like sava

He explains it so well, the "Pump and Dumb" game of the penny stocks...simple and to the point:

 

[Canon]

Yesterday was my 1st day trading. Invested $1,500 into mostly penny stocks and made $151. Is that good or should I be aiming higher?

what did you invest in?

 

[old pig]

how do you brehs suggest migrating crypto from RobinHood?

Sell at ATH , then buyback at a dip ? Coinbase,Kraken, Binance all got me still verifying after a week of processing

you can’t...robinhood operates differently from crypto exchanges in that you do not own the crypto you purchase...at some point you may have to sell it and transfer the money to your bank then from there deposit the money into coinbase, kraken or binance.us where you can buy cryptocurrency that you actually own

verification is typically 24 hours but when the space becomes crowded as it is now due to the new hype surrounding it, the process can be delayed anywhere from a few days to months from now...gemini took me 3 months to get verified during the height of the craze in 2017...meanwhile coinbase and kraken only took a few days bcuz I joined earlier that year when there was no spotlight on crypto

 

[calixprynce]

you can’t...robinhood operates differently from crypto exchanges in that you do not own the crypto you purchase...at some point you may have to sell it and transfer the money to your bank then from there deposit the money into coinbase, kraken or binance.us where you can buy cryptocurrency that you actually own

yeah i understand that you cant withdraw and "not your keys" etc . im moreso asking about the timing

 

[old pig]

yeah i understand that you cant withdraw and "not your keys" etc . im moreso asking about the timing

well then ya “ideally” you want to sell it at ATH then wait a week or so for the money transfer to take place and hope it dips by the time your money hits the exchanges...but no one can seriously time it for you and tell you when that is...who’s to say whether or not it keeps going up after you sell? realistically there’s no correct answer to your question other than sell it and transfer the money to an exchange when you’re ready to do so after you’ve been verified by the exchanges...it might not be the most appealing answer but it’s the reality of the situation

 

[Bart simpson]

Is this thread going to remain permanently stickied

It should...
B/c Wallstreet Brehs...We're all gonna make it...

 

[Fly]

what did you invest in?

MGNI
ENZC
PVDG
SEGI
WDLF
EGOC

VPER as well but I lost money on that one. Was green for all the others.

 

[JayGatsby]

SPAC List (List of Active and Pre-IPO SPACs)

for my SPAC boys!

 

[Lord_nikon]

I have two existing brokerage accounts, which is better etrade or Charles Schwab ?

thanks