What stocks are you trading today

[mikecatt13]

Roll the dice and take a chance then. I would guess that you would be at about 50/50, a gamble. T, AAL, INTC, XOM, BP, AAPL..... Take a pick, for whatever your reason is... So you are in a position to lose it all in the course of learning? My hat's off to you Sir!

In my opinion, you should be looking at a timeframe of 5 years or more with much pain possible in those 5 years.

In my personal opinion, with your stated knowledge of the stock market and personal finance, you should be looking at broad market funds as offered by Fidelity or Vanguard.

Of course losing all of it wouldnt be preferred lol but risk/reward is a thing. I'm not talking about a large percentage of my disposable funds. I've enjoyed some blackjack in the past and it doesnt look like I'll be going to vegas soon, reallocate that budget with a touch more educated guess vs luck

 

[YancyW]

Appreciate the honesty and caution. I'm young (30) and have some cash available. Thus far, I've busted my butt and invested in myself (businesses), I have some commercial projects in the works that have funds allocated to them and in a few years I intend to let my financial advisor manage a decent sum of money towards my retirement (he has done well for my father over many years and ups and downs) with fairly low risk.

That being said, I have some funds I'd be willing to essentially gamble with and hope to take advantage of market conditions, and understand that gambling is essentially what it would be. Stocks have always intrigued me, I like numbers and finance, seems like a good excuse to start learning. I doubt I will gain enough knowledge fast enough to profit consistently off short term trades, but it seems like there may be good opportunity at getting in on some solid companies at lower prices that could show good returns in a year or two or whatever.

Swinging for the fences is something that fits my personality, but it isn't always smart. My rule is to max my SEP and to max my 401k every year, after doing both of those, then I take the same amount every month that was going into the 401k and add it to the account I use for stuff like this.

 

[Alistair]

Of course losing all of it wouldnt be preferred lol but risk/reward is a thing. I'm not talking about a large percentage of my disposable funds. I've enjoyed some blackjack in the past and it doesnt look like I'll be going to vegas soon, reallocate that budget with a touch more educated guess vs luck

My advice, for you as a new investor, is actually to approach this the same as any other gambling. Don't spend money you can't afford to lose, don't invest so much it's painful if it disappears, don't 'expect' a win and don't get pot committed. Beyond that, read and learn as much as you can and enjoy the ride. At the very least watching and having an interest in the markets is a fascinating insight into world affairs and the human condition and hell, you might even make some money.

The Blackjack analogy is a good one here. This isn't roulette, relying on pure luck and actually, the odds aren't always against you either. As with Blackjack, the shrewd player, keeping his eye on the cards played and the overall state of the deck can wait for the right bet on the right hand with the right percentage odds to make plays where actually, a win is not only possible, but statistically likely. Just don't expect that statistical likelihood to lead to the anticipated result every time, you still gotta play enough hands to smooth the influence of chance either way. That being the case, don't go all in on the first go!

I got into the game at University where I had lots of time to read and learn, plus a student living expenses loan from the government over here which I didn't actually need as I was working part time during my studies. My aim was to break even, cover the interest rate on the loan (1.5%PA) and learn about a useful skill for later life. I did a lot better than that in the end and managed to pay off most of my tuition fees as well, so I left Uni almost debt free. That doesn't necessarily make me good at investing so much as lucky, but I did take advantage of the commodities I had a lot of - time and the loan of low interest funds. You can get as involved in the markets as you wish and your time allows, but as I said, even a top level awareness is fantastically useful for better understanding people, stats, the world and it's politics, as well as padding out your own bank balance (possibly).

There are a great many free internet resources to get you started, including some quite good free podcasts from various universities which you might be able to find on YouTube, as well as sites such as Investopedia which can be useful. There will also be assorted magazines and newspapers in your region to give an idea of market conditions and also understand the fundamentals. I used to get the Financial Times and Investor's Chronicle in the UK as the Uni had a subscription, but that's probably not helpful in the US. Beyond that, get stuck in, the interent is your friend for info, although I wouldn't take any tips on individual stocks at face value without significant further examination yourself, you never know who has an agenda there!

Above all, enjoy and good luck.

Al.

 

[Scott CWO]

@mikecatt13 it also depends on your stage in life. At your age, you can afford to be a bit more aggressive than someone who doesn't have as much time and has already accumulated a decent retirement fund and doesn't want to lose it. Mutual and Index Funds are very popular but I always remember what a guy told me that had time to do research. He said that those funds have a lot of losers and winners mixed together and he preferred to just invest in winners and good solid companies, such as many on the S&P 500 (large companies). I have a good amount of MF and IF but I also look to the S&P 500 companies. Everything is down right now so there are some upsides now going forward.

 

[375 Ruger Fan]

MOSCOW (Bloomberg) --Oil’s freefall amid a deepening price war and a global pandemic threatens to complicate Russian efforts to turn the Arctic into a major new energy zone.

Just last month Igor Sechin, the boss of top Russian producer Rosneft PJSC, told President Vladimir Putin the company would invest more than 10 trillion rubles ($134 billion) in its Vostok Oil project on the Taymyr peninsula. Yet reimbursement of infrastructure costs is dependent on crude prices, and they have crashed to a four-year low.

A drop in funds from the state could be a setback for Rosneft, which estimates potential resources in the new region at more than 37 billion barrels of oil equivalent, with a production plateau equal to “the largest projects in the Middle East.”

In return for investing in the Arctic province, the government has offered tax breaks to one of Rosneft’s flagship fields in East Siberia, Vankor, located about 250 miles south of Vostok Oil. That would allow the company to reduce annual extraction-tax payments by as much as 60 billion rubles in the next 10 years.

Under the current bill, awaiting final approval from Putin, Rosneft would get tax breaks for Vankor as long as oil trades above $42.45 a barrel this year, $43.30 in 2021 and $44.16 a barrel in 2022. Such prices set down in the budget would allow the government to cover all spending without seeking extra funds.

Yet benchmark Brent crude is currently trading near $30, having been battered by the simultaneous shocks of the coronavirus and a price war unleashed by Saudi Arabia after OPEC+ talks broke down earlier this month.

“Amid low oil prices, Rosneft may minimize investment in its Arctic project,” said Vasily Tanurkov, director of Russia’s ACRA Ratings. The extent of any pullback will depend on the duration of crude’s recovery, he said.

Arctic Bet. Rosneft has been among the staunchest opponents of cooperation with OPEC, and the recent collapse of the deal to cut supply may help frame its view of future production. Russia expects its Arctic reserves to drive long-term output growth as most of its crude currently comes from declining Soviet-era fields.

The Finance Ministry hasn’t received any request from Rosneft or from government authorities to review the oil-price base level in the draft tax legislation, its press office said.

Rosneft is ready to finance the construction of infrastructure at Vostok Oil with its own funds and offset those costs once it receives tax breaks for Vankor, the company said.

Vostok Oil includes several fields on the Taymyr peninsula in the Krasnoyarsk region, including the Lodochnoye, Suzunskoye, Tagulskoye and Payakha deposits. The license for Payakha is held by operator Neftegazholding, a company owned by former Rosneft president Eduard Khudainatov. Rosneft also created a joint venture with BP Plc to explore fields in the area.

“In the long term, Vostok Oil is likely to remain the company’s priority,” ACRA’s Tanurkov said. Crude’s plunge may lead to underinvestment across the global industry, resulting in lower output and subsequent price growth in the future, he said.

 

[YancyW]

Bought SQQQ @ $25

I think tomorrow will be a sea of red, so this is another overnight play.

This turned out to be a 15% return this morning. Or about a Caprivi buff hunt...

 

[mikecatt13]

This turned out to be a 15% return this morning. Or about a Caprivi buff hunt...

Well done, good for you!

 

[YancyW]

Buying the S&P index, looking to make a quick flip off the Senate passing the House stimulus bill.

 

[lwaters]

We'll make that 50% drop unless they close it.

 

[YancyW]

We'll make that 50% drop unless they close it.

I wish you were wrong, but it's pretty clear there is no support at any level right now. I am afraid the financial world is going to very different for a long time.

 

[Wheels]

Thought there might be price support at DOW 20,000. That didn't happen so not sure where a floor would be. I also don't really trust large up days right now. I can't tell if the momentum is good or if one of the massive players is caught in a short squeeze and calling Mnuchin for money.

Digital currencies have mirrored the stock market when it doesn't seem like they should. Digitals were probably a bubble also and needed some air released. Yesterday it looked like XBT might start separating from the DOW. Today it looked like they separated until the last 20 minutes of the equity market.

I stuck my toe in the water and picked up some XBT. For the last week it has been in a narrow range (relatively). If it breaks out north I will add to the position. If it breaks south I am out of it.

If equities wallow or fall some more, XBT may have some upside possibilities. I still am not big on digitals and wouldn't put a large percent of net worth in them. It just provides a trade that might run counter to the market.



We should resurrect this thread in a year. I am sure it will be good for a bunch of laughs.

 

[Wheels]

We should resurrect this thread in a year. I am sure it will be good for a bunch of laughs.

..........and possibly a few tears.

 

[jacques smith]

Adding to RDSA, nibbling on JPM, buying long term calls on major oils, adding to EPD,nibbling on APPL, sitting on gold stocks, and initiating BA and BRKB. Could be all wet but what the hell. Best luck to all
Jacques

 

[Uncle Sauce]

We should resurrect this thread in a year. I am sure it will be good for a bunch of laughs.

It will be good to look back with the benefit of hindsight! We'll tell ourselves: "Why didn't I see that coming"!!! Or "I should have known that"!

 

[YancyW]

Adding to RDSA, nibbling on JPM, buying long term calls on major oils, adding to EPD,nibbling on APPL, sitting on gold stocks, and initiating BA and BRKB. Could be all wet but what the hell. Best luck to all
Jacques

If those gas/oils buys turn out to be bad long term, there isn't a damn thing you could have done to make it better. At that point, just spend it all on booze and women.

 

[Chukar]

This turned out to be a 15% return this morning. Or about a Caprivi buff hunt...

Congratulations! Heck of a call there.

Not much action here. I bolstered some fund positions that were down around 30% on Monday and started a massively small position in MRO today.

Waiting for a sustained floor or a 35% + decline before deploying more cash.

 

[Trophyhunter01]

Can’t believe I missed Clorox run up, guess it needed a red light on it...lol. I am afraid this is the early front end of this mess and more pain to come with plenty of entry points.

 

[steve white]

buy toilet paper manufacturers in USA and razor wire mfg. in South Africa lol.

 

[YancyW]

Can’t believe I missed Clorox run up, guess it needed a red light on it...lol. I am afraid this is the early front end of this mess and more pain to come with plenty of entry points.

I am 100% sure you haven't miss the bottom, unfortunately.

 

[bassasdaindia]

In times like this i will give you 2 good buys .

1. Good bye house
2. Good bye car

Its hard to predict the bottom .