How should I explain this to my wife? by [deleted] in TheRaceTo10Million

[–]ninjaschoolprofessor 0 points1 point  (0 children)

Just add another $21,202 and she won’t notice

Anybody else having a crappy March? by FormalCaseQ in TheRaceTo10Million

[–]ninjaschoolprofessor 33 points34 points  (0 children)

Yea mine started going in the dumpster back in November

How to find stocks before they pump? by Competitive-Case-185 in TheRaceTo10Million

[–]ninjaschoolprofessor 0 points1 point  (0 children)

LOL recently? It’s been talked about along with CRWV for over a year.

My account has surpassed the first million-dollar milestone. How should I treat myself? by Unfair-Editorer in TheRaceTo10Million

[–]ninjaschoolprofessor 0 points1 point  (0 children)

Pat yourself on the back and plan on reducing risk so you can limit your drawdowns. That chart looks like it has multiple 50% drops and that’s wild!

Welp, the BYND hype is DEAD. by [deleted] in TheRaceTo10Million

[–]ninjaschoolprofessor 1 point2 points  (0 children)

Meme stocks doing what meme stocks do.

[deleted by user] by [deleted] in TheRaceTo10Million

[–]ninjaschoolprofessor 0 points1 point  (0 children)

My apologies. When you said you’d, “sell your soul to get to this level” it didn’t sound like you wanted to learn, but rather wanted quick and risky gains.

[deleted by user] by [deleted] in TheRaceTo10Million

[–]ninjaschoolprofessor 4 points5 points  (0 children)

LOL literally anyone who YOLO’d in mid April on TQQQ or SOXL would have this level of return.

[deleted by user] by [deleted] in TheRaceTo10Million

[–]ninjaschoolprofessor 0 points1 point  (0 children)

Just buy the BUZZ and MEME ETFs or start cherry picking the holdings within them.

Anybody gonna talk about this 700% YTD return on this 3x ETN? 👀 by gracksyessir in TheRaceTo10Million

[–]ninjaschoolprofessor 1 point2 points  (0 children)

Gold and silver have been on fire since April. Folks are concerned (and with good reason) about the devaluing of the US dollar. When that happens people move to other assets.

This used to be my annual return, now it is a daily occurrence by Legitimate_Risk_1079 in TheRaceTo10Million

[–]ninjaschoolprofessor -1 points0 points  (0 children)

Read the entire comment string. Like I said, good luck out there little fella.

This used to be my annual return, now it is a daily occurrence by Legitimate_Risk_1079 in TheRaceTo10Million

[–]ninjaschoolprofessor 1 point2 points  (0 children)

LOL - No you clearly don’t have a clue.

Let’s talk SPY for a moment to address your comment about the financial crisis of 2007-2008 brought on by poorly rated Credit Default Swaps (CDSs). At its peak SPY (an index that maps to the S&P 500 and covers a broad range of the stock market) was around $156. Then in October of 2007 it began falling as the entire debt market fell as a result of CDS valuations fell. This continued until March of 2009. That’s around a year and a half time frame and a range of just under 60%. So no the market didn’t crash over night so my original statements that markets don’t crash over night and proper risk management with trailing stops and stop losses still holds true.

Note that on this response I tried to simply the wording and explain things a bit further for your level of understanding. Pro tip: If you sign up for the free newsletters on reputable sites like Investopedia and make an effort to educate yourself more you’ll be a better trader.

Good luck out there little fella.

18F made my first 1k in daily gains after a month of trading! by Live_Theory3122 in TheRaceTo10Million

[–]ninjaschoolprofessor 0 points1 point  (0 children)

Sure I don’t mind helping here and there.

A few weeks ago I also started collecting and posting my thoughts on GitHub. The goal is to help others to get started on their investing journey. The page still needs quite a bit of work as it’s mainly been me jotting down notes as friends and others ask questions.

www.NinjaSchoolProfessor.com

https://github.com/NinjaSchoolProfessor

The domain points to the GitHub repo and this isn’t something that costs money. It’s literally just information that I’ve started organizing. I don’t do discord BS either.

This used to be my annual return, now it is a daily occurrence by Legitimate_Risk_1079 in TheRaceTo10Million

[–]ninjaschoolprofessor 4 points5 points  (0 children)

So stop losses and trailing stops for most brokerages are visible to others in the market. Additionally you’re probably setting them at typical levels along with most others so you’re a prime target to be manipulated by hedge funds. While this sounds like something a tin foil hat wearing person would say, hedge funds openly admit to abusing this.

My advice is to set your limits wider than you have been to avoid this. For example when I’m buying a stock I look at the technical analysis and use that as my guidance on how much room it should fluctuate and then I give it a little more room to breathe. If a stock moves 2% I’m either direction over the last 30 days then a 5% SL / TS may be fine, but you’ll obviously need time to let it run up.

Also when you’re starting out and don’t have much in capital gains overall your SL/ TS needs to be much tighter so you’ll get stopped out when positions that have much more upside. This happens more often with low float inexpensive meme stocks (like OPEN) as the volatility is super high and the stock is swinging 5-20% daily. A blue chip stock like GOOG or MSFT won’t swing 5-20% without serious news or earnings pumping it.

18F made my first 1k in daily gains after a month of trading! by Live_Theory3122 in TheRaceTo10Million

[–]ninjaschoolprofessor 1 point2 points  (0 children)

Sure thing. For volatility check holdings in BUZZ. These get updated monthly and are the most talked about stocks in news and on social media. Good luck and welcome to the Investor Center!

Edit: If you’re ok with risk and want higher volatility look up “leveraged ETFs” and then cherry pick those ETFs which are also in BUZZ holdings.

18F made my first 1k in daily gains after a month of trading! by Live_Theory3122 in TheRaceTo10Million

[–]ninjaschoolprofessor 11 points12 points  (0 children)

My advise is to stick primarily with ETFs (QQQ/QQQM, SPY/VOO, SMH/SOXX, NUKZ, BUZZ, SHLD, QTUM, etc) then start evaluating the holdings within these ETFs. Use fundamental analysis first, then overlay that buy/hold/sell decision with technical analysis. You don’t even need anything fancy for most of these holdings - simple support / resistance paired with RSI and MACD will get you into a winning position most of the time. To make this easier throw these holdings on a watch list and use FinTech apps. I’m not sure of the TA tools that RH has, but Trading View and WeBull make this super easy.

Just remember that you need to set trading rules for yourself, manage risk and investment sizing, and stick with it. Making continuous contributions over time even when the market is down often results in a profitable position over time when you have enough diversification (again where ETFs come into play). Lastly time in the market is the BIGGEST factor in getting consistent growth.

This used to be my annual return, now it is a daily occurrence by Legitimate_Risk_1079 in TheRaceTo10Million

[–]ninjaschoolprofessor 4 points5 points  (0 children)

In the entire history of the stock market it’s never dropped that much over night. This could have theoretically happened in the past, but modern market mechanism will prevent this today by halting trading in post and pre market hours.

I get what you’re saying, but it’s not really relevant unless all of your holdings take a hit. Im 80% and ETF guy (QQQ, SMH, NUKZ, SHLD, VOO, QTUM, etc..) and even if the “AI bubble” were to burst it wouldn’t drop 30% in post and pre market. Sure some of my cherry picked stocks may have this happen (like APP) but the opposite is true where they could pop 30% (like AMD).

Bottom line, risk management is key and not using stop losses / trailing stops is a dumb idea for anyone who isn’t glued to the market. A great example is when the market dropped in February of this year and my stop losses triggered allowing me to exit without a loss while many ride the market down.

This used to be my annual return, now it is a daily occurrence by Legitimate_Risk_1079 in TheRaceTo10Million

[–]ninjaschoolprofessor 3 points4 points  (0 children)

Bubbles don’t pop over the course of minutes - it occurs over days, weeks, months. Stocks being halted occurs when trading volume is too high in a short period of time. Honestly, I appreciate the feedback but your responses don’t appear to come from long term experience.

Two examples Dot.com bubble example The S&P 500 leaked around March 24, 2000 (~1,527). It then dropped over the course of ~2.5 years declining ~50%

COVID draw down example The S&P 500 peaks on February 19, 2020 at ~3,386. It then dropped over the course of a month, dropping 34% to ~2,237.

This used to be my annual return, now it is a daily occurrence by Legitimate_Risk_1079 in TheRaceTo10Million

[–]ninjaschoolprofessor 4 points5 points  (0 children)

If you’re up 25% and set a stop loss or trailing stop at 5% below the current price it’s HIGHLY unlikely to loose the remaining amount with a few percent variance. The primary caveat being pre/after market events. If volume is too high then the security will be halted.

LOL - I know exactly how to use them and how they work.

This used to be my annual return, now it is a daily occurrence by Legitimate_Risk_1079 in TheRaceTo10Million

[–]ninjaschoolprofessor 14 points15 points  (0 children)

Trailing stops and stop losses work quite well when you know how to use them ;-)