/biz/ - Business and Finance

>>25
That is because gold and minerals are decreasing in price, also in tech I don't know how you fucked up since I don't know which stocks you bought.

If all your shit is in the red, better take your loss now than take it later.

Bitch put and roll whats left into something stable, minerals are falling so I have no idea why you would get those.

It's OK though, OP, because you weren't a complete idiot and actually paper traded your tips and strategies before moving any real money out of your diverse portfolio of low-cost index funds.

Right?

>>52

lolololol this is the funniest thing I've seen on the internet in a month.


OP, tell us a little more about the portfolio you have going right now. Which stocks, and what percentage of the total portfolio are they? It's possible that you're in stocks that have taken a serious shit (yeah… gold/minerals are a bad short time-frame call right now) have a bullish long-term outlook, but in other cases you may want to cut your losses and get into something more solid.

>>25
>>52

I used a premium service and selected the best and most recent recommendations- yet still all in the red.

>>25
>>25

10 500 loss now. Fuck my life

>>69
Screenshot?

Resurrecting thread because why the fuck not.

I'm somewhat of a noob into trading stocks but I got solid knowledge in technical analysis and market psychology. Yesterday and today I banked $14k (paper trading of course) and what I traded were:

Ebola stocks (VSR, LAKE, APT, IBIO), VSR/LAKE/APT yesterday out of which I lost on APT because I didn't hold for too long, and IBIO today from $2.20 support until $3.18 minutes before market close

A gigantic short squeeze called $ESI today, jumped from $7.48 at market open well over $11 and I banked a $3/share gain


My method of picking out what to trade is following a few people on Twitter which have been confirmed winners and right about 75% of the time such as Nathan Michaud, Tim Sykes, Mark Croock and super_trades, as well as other normal traders. In order to get a feeling of market movement I use StockTwits: you bang on the keyboard the ticker in search and you get a constant feed of people's opinions about this stock. Out of 12 trades I made money in 10 of them, both short and long (but mostly long) and I've held my cool in moments when my Unrealized P&L was below $5000 (especially yesterday because I had shit timing).

>>79


Yeah this is a good idea. I had to Manny stocks and didn't monitor the situation closely enough.

>>77

Thx for this

I've learned the hard way again to stick to what you really know while monitoring people perceptions.

>>77

Have you spent a lot of time researching traders and their success rate?

>>25
just play an index OP.

>>25
>gold and minerals
TOP FUCKING KEK
THE PRICES OF MINERALS HAVE BEEN GOING DOWN FOR YEARS.

>>217
Certainly not in the short term

The fact that he let the fucking losses ride shows inexperience as a trader.

>>25
You lost $8k and now you lost $10.5k.

You failed the most important rule of trading: cut losses quickly. Buying based on recommendation (be it free or premium) is useless unless you got fucktonnes of money with a hedge fund, and even then it's risky because no hedge fund will assume losses as theirs.

Best thing to do now is to sell everything (to prevent an even bigger loss) and constrict your trading to day or swing. Investing is not worth it currently unless you're planning for retirement money or you use a shovel to move money around.

OP, I have never done stocks but i can tell you that the stock market the winner is always the one who keeps their stocks and waits a very long time.

or if you are rich and can rig the game like wallstreet does.

>>217
>Mining companies are pulling out of Africa because of strikes, pressure from corupt governments and crime rates around mines.

I really hope you are mining somewhere else. It will be mined illegally

>>25
>They are all tech and gold/mineral companies btw
Holy fucking kek

>>77
This is called sentiment analysis and is older than probably most people on this board.

There are even more advanced strategies like mining news articles, or trying to explore social networks to figure out who is the most important person. AFAIK it doesn't work (and if it did the big companies would erode your profit before you can get to it).

>>68
Never take recommendations from these jokes of a service.

There aren't enough retail investors in the market so these services are setup to offload stock into.

You've learned a valuable lesson OP.
NOW DON"T DO IT AGAIN.

>>41
buy high, sell low
it's the right way to do /biz/ness