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Stock-Trading lessons I’ve learned since MARCH 2020
Stock-Trading lessons I’ve learned since MARCH 2020
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02-06-2021, 09:39 PM
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#1
Stock-Trading lessons I’ve learned since MARCH 2020
I was about to invest in GME, BB, NOK, etc but I’m not a dumbass and changed my mind instead.
Actually I’m definitely a dumbass but I learned that when you invest in stocks it’s all about 2 things:
1. Diversification
2. Timing
3. Patience
That’s 3 things, but my point still stands.
Don’t put everything into one stock, especially if it just rocketed up. 99 times out of 100, you missed it and the moment you buy, you’re immediately down 30+% before you know it.
Stocks go up, and stocks go down. Wait for a stock to be down before you buy. If you missed the train, you missed it.
Look at the charts. Weekly, monthly, quarterly, and yearly. Even all-time. Is the stock higher than it’s ever been? Or is it near its 52-week low?
Don’t obsess about the price when you buy a stock low. Set a target price and forget about it until you get the alert. I usually go 20-30% higher than what I bought it at.
Take profits. Don’t be stupid and wait for it to go higher. When a stock you bought increases significantly, that’s a win. Sell it and secure a gain. Don’t look back.
All that being said: Don’t get married to a stock. If you fuk one up, and lose 90%, just let it go. If you diversified, it’s a small portion of your entire account and it’s bound to happen sometimes. If you invested everything, you lost everything.
Stocks are a gamble. You can look at financial statements and do tons of due diligence and still lose.
And finally, don’t listen to anyone who tells you to buy or sell. It just makes you panic-sell or have FOMO and make a bad buy.
Actually I’m definitely a dumbass but I learned that when you invest in stocks it’s all about 2 things:
1. Diversification
2. Timing
3. Patience
That’s 3 things, but my point still stands.
Don’t put everything into one stock, especially if it just rocketed up. 99 times out of 100, you missed it and the moment you buy, you’re immediately down 30+% before you know it.
Stocks go up, and stocks go down. Wait for a stock to be down before you buy. If you missed the train, you missed it.
Look at the charts. Weekly, monthly, quarterly, and yearly. Even all-time. Is the stock higher than it’s ever been? Or is it near its 52-week low?
Don’t obsess about the price when you buy a stock low. Set a target price and forget about it until you get the alert. I usually go 20-30% higher than what I bought it at.
Take profits. Don’t be stupid and wait for it to go higher. When a stock you bought increases significantly, that’s a win. Sell it and secure a gain. Don’t look back.
All that being said: Don’t get married to a stock. If you fuk one up, and lose 90%, just let it go. If you diversified, it’s a small portion of your entire account and it’s bound to happen sometimes. If you invested everything, you lost everything.
Stocks are a gamble. You can look at financial statements and do tons of due diligence and still lose.
And finally, don’t listen to anyone who tells you to buy or sell. It just makes you panic-sell or have FOMO and make a bad buy.
02-06-2021, 09:51 PM
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#2
- SoutheastBeast1
- Join Date: Mar 2013
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Take profits. Don’t be stupid and wait for it to go higher. When a stock you bought increases significantly, that’s a win. Sell it and secure a gain. Don’t look back.
Or...
Invest in strong companies that will be around 20-30 years from now that will steadily yield gains and pay dividends then sell after you’re retired avoiding the higher tax you’d pay if selling while having an income
Odds are your “gain” will get taxed 20% more by selling while you’re working than it will after retirement.
You need to hold your investments at least 1 year. OP probably lost a lot of money with his immediately take the profit philosophy over the past year
Or...
Invest in strong companies that will be around 20-30 years from now that will steadily yield gains and pay dividends then sell after you’re retired avoiding the higher tax you’d pay if selling while having an income
Odds are your “gain” will get taxed 20% more by selling while you’re working than it will after retirement.
You need to hold your investments at least 1 year. OP probably lost a lot of money with his immediately take the profit philosophy over the past year
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
-SoutheastBeast1
02-06-2021, 09:53 PM
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#3
- doughnutking
- The Booty Warrior
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- doughnutking
- The Booty Warrior
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You’re only guy who Warren Buffet could have been.
02-06-2021, 09:55 PM
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#4
Originally Posted By SoutheastBeast1⏩
Yeah but to get a half-decent amount of money to start with you need to take some risk when you’re young. A few years ago I had nothing.Take profits. Don’t be stupid and wait for it to go higher. When a stock you bought increases significantly, that’s a win. Sell it and secure a gain. Don’t look back.
Or...
Invest in strong companies that will be around 20-30 years from now that will steadily yield gains and pay dividends then sell after you’re retired avoiding the higher tax you’d pay if selling while having an income
Or...
Invest in strong companies that will be around 20-30 years from now that will steadily yield gains and pay dividends then sell after you’re retired avoiding the higher tax you’d pay if selling while having an income
My account is strictly short term for now but I’m always thinking about long term. My 401k serves ok for now.
02-06-2021, 09:57 PM
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#5
- GaryCarnivals
- President of Clown World
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- GaryCarnivals
- President of Clown World
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Post some bulish picks for monday/next week
02-06-2021, 09:58 PM
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#6
02-06-2021, 10:06 PM
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#7
- MountainLion84
- Registered User
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- MountainLion84
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This advice is infantile and something I would expect from someone who slaps their knee watching Young Sheldon.
02-06-2021, 10:09 PM
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#8
- DimTriad
- Registered Usurper
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- DimTriad
- Registered Usurper
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A lizard that evolved to live in a cave without eyeballs could have made money since March 2020. Everyone is warren buffet in the biggest bull market of all time
Benevolent Dictatorship
🚷 Anti-Degeneracy Crew 🚷
02-06-2021, 10:13 PM
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#9
Originally Posted By DimTriad⏩
I’m actually really stupid, impulsive, and don’t dedicate enough time to researching stocks so you’re probably right.A lizard that evolved to live in a cave without eyeballs could have made money since March 2020. Everyone is warren buffet in the biggest bull market of all time
My point isn’t that I’m some guru, actually far from it. I only was able to make a little bit of money by following these ideas in this incredibly volatile market.
I think a lot of people would do well to follow my advice.
02-06-2021, 10:14 PM
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#10
- butwhowasfeel
- ᕕ( ᐛ )ᕗ
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- butwhowasfeel
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pm me ur pics and ill rep u haha jk no homo lol haha no but srsly pls pm me ur pics haha just glutes and maybe face haha no homo again lol just kidding kinda not rly lol pls send them
02-06-2021, 10:17 PM
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#11
02-06-2021, 10:25 PM
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#12
- OliverHeldens
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Patience and Timing are big but Diversification is nothing more than a boomer buzzword and is actually the opposite of what you want to do if you want to become wealthy.
If you are very confident in a play, go all in. I currently have about 90% of my entire portfolio in a certain play, and am adding another $25k to that play tomorrow. If it works out, I can retire this year.
If you are very confident in a play, go all in. I currently have about 90% of my entire portfolio in a certain play, and am adding another $25k to that play tomorrow. If it works out, I can retire this year.
02-06-2021, 10:28 PM
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#13
- SoutheastBeast1
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Originally Posted By Ausaric⏩
No you really don’t need to take risksYeah but to get a half-decent amount of money to start with you need to take some risk when you’re young. A few years ago I had nothing.
My account is strictly short term for now but I’m always thinking about long term. My 401k serves ok for now.
My account is strictly short term for now but I’m always thinking about long term. My 401k serves ok for now.
You’re talking about gambling trying to make a quick payday which is retard logic. You’re gonna lose money gambling on startups hoping to catch them when they pop and sell them before they sink.
If you buy reliable companies you’ll profit over time just fine.
5 year returns for some example companies
Disney: Up 93% over 5 years
FB: Up 138%
Bank of America: Up 130%
Expedia: Up 41%
Intel: Up 89%
US Foods: Up 50%
O’Reilly Auto Parts: Up 72%
T Rowe Price: Up 127%
Most of these were well established even 5 years ago. It’s not like FB and Disney were risky stocks in 2015
Just random examples of many.
Some of you think you gotta get in on the ground floor of a new ipo and hope it makes gains.
First Trust Water ETF is up 161% over the last 5 years ffs
Not worth playing volatile start ups looking for short term gains. That short term gain will likely be taxed 20% more. A lot of those companies I listed above had 100% return over 5 year stretches, so average of 20% return a year let’s estimate.
For your short term gain to be worth it you’d need a return above 25% before selling since you’ll get taxed 20% more (dependent on your income bracket of course, but let’s assume you all are in one of the upper brackets)
I personally wouldn’t sell any short term gain that was below a 30% return. And depending on how close you are to the yearly mark you might be better off holding altogether until that passes, even if it drops a bit by waiting.
Learn to play the system brahs
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
-SoutheastBeast1
02-06-2021, 10:34 PM
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#14
Originally Posted By SoutheastBeast1⏩
Yeah I’m not looking forward to filing my taxes for last year. You seem like you know your chit.No you really don’t need to take risks
You’re talking about gambling trying to make a quick payday which is retard logic. You’re gonna lose money gambling on startups hoping to catch them when they pop and sell them before they sink.
If you buy reliable companies you’ll profit over time just fine.
5 year returns for some example companies
Disney: Up 93% over 5 years
FB: Up 138%
Bank of America: Up 130%
Expedia: Up 41%
Intel: Up 89%
US Foods: Up 50%
O’Reilly Auto Parts: Up 72%
T Rowe Price: Up 127%
Most of these were well established even 5 years ago. It’s not like FB and Disney were risky stocks in 2015
Just random examples of many.
Some of you think you gotta get in on the ground floor of a new ipo and hope it makes gains.
First Trust Water ETF is up 161% over the last 5 years ffs
Not worth playing volatile start ups looking for short term gains. That short term gain will likely be taxed 20% more. A lot of those companies I listed above had 100% return over 5 year stretches, so average of 20% return a year let’s estimate.
For your short term gain to be worth it you’d need a return above 25% before selling since you’ll get taxed 20% more (dependent on your income bracket of course, but let’s assume you all are in one of the upper brackets)
I personally wouldn’t sell any short term gain that was below a 30% return. And depending on how close you are to the yearly mark you might be better off holding altogether until that passes, even if it drops a bit by waiting.
Learn to play the system brahs
You’re talking about gambling trying to make a quick payday which is retard logic. You’re gonna lose money gambling on startups hoping to catch them when they pop and sell them before they sink.
If you buy reliable companies you’ll profit over time just fine.
5 year returns for some example companies
Disney: Up 93% over 5 years
FB: Up 138%
Bank of America: Up 130%
Expedia: Up 41%
Intel: Up 89%
US Foods: Up 50%
O’Reilly Auto Parts: Up 72%
T Rowe Price: Up 127%
Most of these were well established even 5 years ago. It’s not like FB and Disney were risky stocks in 2015
Just random examples of many.
Some of you think you gotta get in on the ground floor of a new ipo and hope it makes gains.
First Trust Water ETF is up 161% over the last 5 years ffs
Not worth playing volatile start ups looking for short term gains. That short term gain will likely be taxed 20% more. A lot of those companies I listed above had 100% return over 5 year stretches, so average of 20% return a year let’s estimate.
For your short term gain to be worth it you’d need a return above 25% before selling since you’ll get taxed 20% more (dependent on your income bracket of course, but let’s assume you all are in one of the upper brackets)
I personally wouldn’t sell any short term gain that was below a 30% return. And depending on how close you are to the yearly mark you might be better off holding altogether until that passes, even if it drops a bit by waiting.
Learn to play the system brahs
But again, this time last year I had NO liquid capital for investment purposes. Now I at least have a little bit. So I personally am happy with my progress. I could lose everything tomorrow though.
02-07-2021, 02:33 AM
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#15
- HawtStuff
- U mad brah?
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- HawtStuff
- U mad brah?
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Originally Posted By MiscMathematician⏩
Ouch. I bought at 270 and sold at 300 presplit and thought that was bad.me in 2012... buy tesla at $90. it goes down 15%. sell it at 2k loss. realize it is now at $300. cry.
In case you're looking at charts....Tesla split
In case you're looking at charts....Tesla split
Just putting some light on BYDDY/BYDDF for those who haven't looked into it yet. This IMO is a LONG term safe investment with great potential.
"Those who think they have no time for bodily exercise will sooner or later have to find time for illness." - Edward Stanley
02-07-2021, 03:46 AM
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#16
people like op are going to be the reason the next recession is going to absolutely slaughter people
there are millions of people who have never invested before that created accounts and made free money due to the massive bull run who are going to panic sell so fckin hard when the market decides to go the other way
i dont think the economy is truly going tits up any time soon but the market is just one week of red away from scaring the millions of new investors into panic selling it into hibernation
there are millions of people who have never invested before that created accounts and made free money due to the massive bull run who are going to panic sell so fckin hard when the market decides to go the other way
i dont think the economy is truly going tits up any time soon but the market is just one week of red away from scaring the millions of new investors into panic selling it into hibernation
Official LTC representative
02-07-2021, 03:53 AM
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#17
- Burgerbuger
- Ceo
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- Burgerbuger
- Ceo
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With the dump of the stock market due to covid and the long bull run.. everybody seems to think they are trading experts.
During a bull run if you aren't completely brain dead there's no way you cannot NOT come out on top right now.
Wait until the market goes red for months and see how many will panic.
During a bull run if you aren't completely brain dead there's no way you cannot NOT come out on top right now.
Wait until the market goes red for months and see how many will panic.
Kindness is all that matters in life
02-07-2021, 03:59 AM
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#18
02-07-2021, 04:27 AM
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#19
Originally Posted By Burgerbuger⏩
This. Everyone wants to make a quick buck. GME was the perfect example where people dropped their house savings on a meme and are now crying because they didn't get a 100x return in 3 days. Gives me hope though as when someone loses, someone else wins. You just have to be smarter than the average investor.With the dump of the stock market due to covid and the long bull run.. everybody seems to think they are trading experts.
During a bull run if you aren't completely brain dead there's no way you cannot NOT come out on top right now.
Wait until the market goes red for months and see how many will panic.
During a bull run if you aren't completely brain dead there's no way you cannot NOT come out on top right now.
Wait until the market goes red for months and see how many will panic.
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