The Stock Market thread

[muathaz03]

38 minutes ago, Bird Bird Bird said:

 

Peeps of WSB are turning millionaires. Lol. Crazy. 

 

i assume many people there are already millionaires. not from trading though 

[KunjanPSD]

My long term portfolio took another hit today but I was expecting it and didn't sell anything. Actually, today was an opportunity to buy some great stocks at great prices but I slept, lol.

Will be looking to add on Monday.

[KunjanPSD]

3 minutes ago, muathaz03 said:

btw I don't rely on technical indicators much (rather not at all). i could be wrong but they are of very limited utility for day trading imo since they are derived from price itself and is lagging. they might be more useful for short/swing/positional trades.

You only need RSI, MACD and Volume. Maybe a sort of MA. They will help to set up trends over longer time frames.

They shouldn't be the basis of your move in smaller time frames but support your theory.

[hope]

1 minute ago, adity said:

Monday is budget so anything can happen. If I had money I'd buy OTM calls and puts on nifty

can you explain this

[KunjanPSD]

14 minutes ago, adity said:

Monday is budget so anything can happen. If I had money I'd buy OTM calls and puts on nifty

 

5 minutes ago, adity said:

Basically betting on the market either falling or rising more than usual. 

 

It's not that easy to bet. What if you buy calls and the market tanks? And opposite for the puts?

Buying both won't help you either, one will provide gains while the other will not. One might think that the greater of the two will win and provide gains but it's highly unlikely, depending on the spot prices involved both of the OTM calls and puts might be in the red. Don't underestimate Black Scholes.

[muathaz03]

46 minutes ago, kunjanp said:

You only need RSI, MACD and Volume. Maybe a sort of MA. They will help to set up trends over longer time frames.

They shouldn't be the basis of your move in smaller time frames but support your theory.

 

i was going to say that. P.A with volume is the sole thing i focus up on now. at times it feels easy but it really is not. only experience can improve the skill. if there's one indicator i'll learn deeply in the future it's RSI. VWAP and MAs will try soon. like you said not to base my moves but to support them. 

[muathaz03]

20 minutes ago, kunjanp said:

 

 

It's not that easy to bet. What if you buy calls and the market tanks? And opposite for the puts?

Buying both won't help you either, one will provide gains while the other will not. One might think that the greater of the two will win and provide gains but it's highly unlikely, depending on the spot prices involved both of the OTM calls and puts might be in the red. Don't underestimate Black Scholes.

 

it looks easy until one decides to do it frequently. maybe one two times beginner's luck is applicable. all beginners including myself think we would do better if we had bigger capital. 

[KunjanPSD]

29 minutes ago, muathaz03 said:

 

i was going to say that. P.A with volume is the sole thing i focus up on now. at times it feels easy but it really is not. only experience can improve the skill. if there's one indicator i'll learn deeply in the future it's RSI. VWAP and MAs will try soon. like you said not to base my moves but to support them. 

P.A ftw. Support, resistance and most importantly, experience. 

Indicators are your supporters.

[KunjanPSD]

27 minutes ago, muathaz03 said:

 

it looks easy until one decides to do it frequently. maybe one two times beginner's luck is applicable. all beginners including myself think we would do better if we had bigger capital. 

Obviously, that's the natural tendency. That's why I recommend people to let go of leverage at the starting, trade using only the money you have. No matter how small the gains are, they are providing you something much more valuable, experience.

[Bird Bird Bird]

1 hour ago, hope said:

can you explain this

Check Sensibull. 

[muathaz03]

1 hour ago, kunjanp said:

P.A ftw. Support, resistance and most importantly, experience. 

Indicators are your supporters.

exactly. that's the plan 

sounds easy and simple but really isn't. hope experience improves my skill over time. 

 

1 hour ago, kunjanp said:

Obviously, that's the natural tendency. That's why I recommend people to let go of leverage at the starting, trade using only the money you have. No matter how small the gains are, they are providing you something much more valuable, experience.

but one problem with very low capital and not using leverage is that one won't learn much from the failed trades. it's only when the loss stings, one actually will go and analyse what went wrong/what could have done better. otherwise it's just like paper trading. just my opinion. 

[KunjanPSD]

18 minutes ago, muathaz03 said:

but one problem with very low capital and not using leverage is that one won't learn much from the failed trades. it's only when the loss stings, one actually will go and analyse what went wrong/what could have done better. otherwise it's just like paper trading. just my opinion. 

My philosophy is to prevent the loss in the first place. Use only your capital till the time you are pulling in consistent returns. Because if you can't handle your own capital, how can you handle the borrowed capital? Just reduce down the quantity.

[Bird Bird Bird]

GME at 337. 

 

I just opened a Vested account. 

[muathaz03]

19 minutes ago, kunjanp said:

My philosophy is to prevent the loss in the first place. Use only your capital till the time you are pulling in consistent returns. Because if you can't handle your own capital, how can you handle the borrowed capital? Just reduce down the quantity.

 

Well that's the correct way to look at it. to each his own i suppose. 

[KunjanPSD]

19 minutes ago, Bird Bird Bird said:

GME at 337. 

 

I just opened a Vested account. 

Are you buying? ?

 

Also, Vested states no brokerage but has $3/purchase charge, what's that about?

[Bird Bird Bird]

2 hours ago, kunjanp said:

Are you buying? ?

 

Also, Vested states no brokerage but has $3/purchase charge, what's that about?

Only for free account. No charge for paid accounts. 

[radicaldude]

[emoji41]

[DinJo]

People will realize how hard can it hit back once they start piling up on losses.

[Bird Bird Bird]

No shares alloted for Home Finance too. Panauti kismat. 

[i_rock098]

No shares alloted for Home Finance too. Panauti kismat. 

Wanted indigo, did not get it. Had applied for homefirst just for the heck of it and got it.

I am hoping for some listing gain. The financials look decent, not crazy like stovekraft.


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