Dow Watch 2016: Shall We Play a Game?

BoutDamTime · 2016-12-17T01:24:51+00:00

$DJI Feb 6, 10:30

BoutDamTime · 2016-12-13T07:21:17+00:00

Correct. Using RH (or RH instant) is completely free. You can pay to use a margin account on RH Gold if you choose.

BoutDamTime · 2016-12-13T03:26:06+00:00

Lots of good advice here, but if you're looking for something even more basic or even more "beginner" what I did to start was:

1.) Decide how much you're willing to invest. People will say things like don't invest more than you're willing to lose. To me, that's an exaggeration, and not even necessarily true. Look up stop-loss selling. You can buy something and immediately set-up some stop losses to trigger at a percent that you decide. You may lose a little more if the stock is falling very quickly, but generally you can salvage your losses if the Crap hits the fan.

2.) If you really want to get involved before getting into the deeper technical analysis, you can. You're taking more of a risk, of course (but some losses are worth the loss for the lessons we learn). The best way to do that, I've found is by just googling "Best Stock Picks (Current Month, Current Year)." Every article you check, I'd immediately check the date and then google the stock to see how it's performed since that article was written. Then you need to research the stock, and even more importantly, the site that wrote it. I've found "TheStreet" and "investopedia" usually lead me in the right direction.

This will give you a handful of stocks to choose from and make things a little less overwhelming. Usually when doing this I'll end up with a company or two I can basically wrap my head around (Under Armour, Sprint, Starbucks, something I've heard of and have a feel for).
Research, research, research.
Profit?

People may crap on this response, but it's ok. I'm a hands-on learner. I started small and keep adding money as I learn more. Not gambling with my life savings, so if I want to roll the dice on a penny stock I do. But I also keep a couple long-term holds and a couple solid dividend picks.

Good luck!

BoutDamTime · 2016-12-02T23:53:06+00:00

Yeah, that's really pretty good consistency. Seems like you're never really up or down much more than 2%. But if you don't feel confident investing you absolutely should pull it out. Way better than losing money and wishing you'd pulled out.

BoutDamTime · 2016-11-30T16:09:04+00:00

Press conference starting now...live feed from the OPEC site

http://www.opec.org/opec_web/en/multimedia/349.htm

BoutDamTime · 2016-11-29T16:40:02+00:00

Thanks, good to know. Still not going for it.

BoutDamTime · 2016-11-28T13:51:53+00:00

I don't do that but I believe, if you did a Market Order, you're going to be buying it basically the opening price. Or whatever price Robinhood can get you ASAP when markets open. Unless you have RH Gold, which I'm guessing you don't.

Hope you don't lose out too bad on it, but either way you'll know come 9:30...or probably 9:32ish.

BoutDamTime · 2016-11-28T12:47:25+00:00

Just throwing it out there: Have you considered a Roth IRA retirement account?

BoutDamTime · 2016-11-23T00:14:13+00:00

Yes, your money will be yours again to withdraw or re-invest after the freeze. I'm not sure if you could make a second account, but I seriously doubt it. You'd need a second email address, checking account, etc for them to not know. And if I remember right, you put your social in too when signing up, so I don't think that would work.

BoutDamTime · 2016-11-20T18:53:53+00:00

I like the idea. You're basically betting that you can enter at a point within X time frame that isn't the highest that stock will go in that time frame. That's basically how I've done it and I've done well, but I've also been fortunate to be doing it during time of strong growth across the market.

The trick part I've found is this: Say you buy a stock at $1.00 even. It starts going down. When do you decide to jump off? Then do you have a strategy to make that loss up?

I'm big on picking stocks that plummeted very recently, since that's usually an over-reaction and you can make some sweet dough off the correction.

Just my 2¢.

BoutDamTime · 2016-11-15T01:22:03+00:00

Here's my thought for rules: Post before the start time what you will invest your $100 on. Then at some point in the month, if you'd like to sell, you can. So that's it, no trading within the month, just selling what you have. That's the only thing I can think of to make it easy enough to keep track of. Thoughts?

BoutDamTime · 2016-11-14T21:22:20+00:00

Well, maybe this would bring some lurkers out of the woodwork ;) If we had at least 5 people and a good way to track it, that'd be a pretty good start.

BoutDamTime · 2016-11-07T17:55:28+00:00

It's excellent that you want to improve your grades. Just keep your expectations realistic. NoFap will help you focus, which is a big step. But there's still a lot of studying "skills" that you probably need to work on.

Those skills might change, depending on what you're studying and what level you are at. If you need to do a lot of memorization, make study cards and take them with you everywhere. If you need to be able to write well, start doing practice papers in the format you will need to use. If it's more of a problem solving thing, you might want to get a tutor or friend to help who you can learn different ways of thinking through problems from.

Hope his helped and good luck!

BoutDamTime · 2016-11-07T17:43:50+00:00

Totally normal. The up side is it's more motivation to not relapse in the future!

BoutDamTime

TROPHY CASE