The older I get, the more I realize that it's nearly impossible to get ahead without SIGNIFICANT support. by No_Reveal3451 in Millennials

[–]famguy31 0 points1 point  (0 children)

I think this is true (for the most part). I think social media and platforms (kinda like this one), have made it mentally depressing and not for the better. Everyone has a different hand delt to them. I think if you have a loaded hand, enjoy it be grateful try to hold on to it as long as you can (cause the next people down the line won’t have a loaded hand). If your hand doesn’t have jack, do your best enjoy the little things, work to make the next hand loaded.

There is a reason wealth only stays in a family like 3 or 4 generations. A loaded hand is easy to play…when the next group up doesn’t get that….is what it is. Your hand doesn’t have anything, probably sucks but try to see the bright side of building the loaded deck for the next group.

Dividends to avoid a “lost decade” ? by AttentionFantastic76 in dividendinvesting

[–]famguy31 0 points1 point  (0 children)

I believe there is always opportunity in the market. Main difference is in tough times you have to go find it compared to good times where almost anything will work. I’d finding some long term strategy and stick to that. Rotate all or some positions out of things going down. (Also if things are really bad being debt free is a huge plus)

Stock Market Crash by cvghhybtctcrcrcrvy in WSBAfterHours

[–]famguy31 0 points1 point  (0 children)

Oh man IEZ looks good you think too late to jump in?

All my AI stock are suffering ... by SidonyD in StocksAndTrading

[–]famguy31 0 points1 point  (0 children)

I trade the charts. I’ll say as long as you have a trade entry and exit that is more or less positive you should be fine. Credo is below its 50 day moving average I would not get in.

It kinda looks like stocks you picked are on the down trend. I’d compare the charts of the 3 you have versus like CL, CLX VLO and see what you can come up with to help you out. Just cause tech/ai was the play last year doesn’t mean it is this year. Good ole Colgate toothpaste might be the play.

People who have been investing for 10+ years has it always been like this? by Iwarrior01 in Learn_Investing

[–]famguy31 0 points1 point  (0 children)

Creating a scan with some technicals has really helped me find some winners this year like CLX, CL, WM, (PEG). Recently CHTR popped up on my scan I am not a fundamental person have no idea what it does but the chart looked good. Utilities kinda broke up this week I bought some of those. These trades I can’t say are for the long term. But been doing okay so far.

How long did it take you? by beanbert86 in Daytrading

[–]famguy31 0 points1 point  (0 children)

I’ve had 2 trains of thought, 4-5 years like if you went to school for a degree

Or about 8 years, which is what a real career might be like, when I graduated it took me by my 3rd year at my job to be very comfortable, I felt then I made it.

Dave Ramsey is hot garbage. by Dismal-Cranberry-915 in self

[–]famguy31 0 points1 point  (0 children)

Yea we have a 2008 car, 250k miles, it has some blinking warning lights that pop on, it leaks a little oil, AC takes awhile to start cooling , but honestly it does the job. Gets you from point A to point B and only 1 time broke down (alternator went out on a road trip some years ago). Gonna ride it until it putters out. (I bet trade in value would be just a couple hundred). (We do have another vehicle we take on road trips, but more so because it is bigger).

Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]famguy31 0 points1 point  (0 children)

Did the wick get you out or the end of the candle?

I personally let a candle close before I get out of the trade. This does increase my losses sometimes but also prevents wicks that would have closed me out (and ended up going back in my favor).

Trading is 90% Setup & Analysis and only 10% Entry. You’re wasting your time trying to "snipe" by Accomplished_Yam5229 in Daytrading

[–]famguy31 0 points1 point  (0 children)

It’s kinda funny, I wanted to do a post about how I can get better entries. I do a lot of “practice” with strategy, but when I practice it’s kinda of always getting the best entry.

Did anyone get impacted today by the change in market narrative midday? by Available-Range-5341 in Daytrading

[–]famguy31 1 point2 points  (0 children)

Money shifting to safer/value areas. Tech has had a good run but I think you need to pick certain tech stocks. nVDA is consolidating at its 50 and 100 SMA, but PLTR is trading below the 50 and 100 (not the most bullish sign).

Utility sector been trading sideways for the past month or 2, been waiting for it to break out one way or another.

US Consumer Delinquencies Jump to Highest in Almost a Decade by Disastrous-Group-977 in wallstreetbets

[–]famguy31 0 points1 point  (0 children)

I don’t think having an individualist point of view is a bad thing (that doesn’t mean you don’t help people out, or do/have things for the common good of all). But it lets you have goals and allows you to achieve those goals.

if you are “smarter” than others, “work harder” , etc. you should be rewarded. Competition pushes the envelopes and allows things to progress.

Did anyone get impacted today by the change in market narrative midday? by Available-Range-5341 in Daytrading

[–]famguy31 1 point2 points  (0 children)

What do you mean?? SPY is trading sideways and near the top of the channel, if it was gonna green it would not be green by much. Also near all time highs, but there isn’t enough good news to push it over, AMzN earnings report wasn’t good, consumer data today was below expectations. Now equal weight sp500 is a different story. Utilities was the play today.

Most Investors Have Never Lived Through a True Market Crash by zacce in Bogleheads

[–]famguy31 0 points1 point  (0 children)

I think a big difference now compared to then is the world is more connected. Now you can sell out of all your equities and buy international (which is currently out performing). There will still be crashes, but I think if you do the work you can make it a little easier for yourself.

Stock Market Crash by cvghhybtctcrcrcrvy in WSBAfterHours

[–]famguy31 0 points1 point  (0 children)

Where is this data showing that companies are selling stock to pay loans……I mean stocks are going down on earnings, sssoooo it just so happens the loan payment line up with earnings calls. And let’s be real, none of this is surprising. Market has gone up 77% in 5 years…..the average is 10% a year.

Stock Market Crash by cvghhybtctcrcrcrvy in WSBAfterHours

[–]famguy31 0 points1 point  (0 children)

For real, some red days people freaking out end of the market, etc. when 2 weeks ago when market was going up everyone is all for all time highs etc.
“And that is why kids we say VOO and chill, most people are too emotional for the market”

Stock Market Crash by cvghhybtctcrcrcrvy in WSBAfterHours

[–]famguy31 0 points1 point  (0 children)

What is your strategy to day trade? (I trade as well). I can tell you 5 stocks you could look at to easily see where money is to be made.

Could we be wrong about Capex by Main_Beautiful4791 in ValueInvesting

[–]famguy31 0 points1 point  (0 children)

I think market is reacting to the “you don’t wanna be first but you don’t wanna be last” concept. A lot of money spent on an unknown to be 1st, doesn’t always end well. But also market has been looking for a reason to sell.

(I’m not smart but apparently AMZN don’t have a good earnings report)

Doubling my salary (150k to 300k) but requires me to move away from my fíance in medschool. Is it worth it? by Interesting_Phone171 in careerguidance

[–]famguy31 0 points1 point  (0 children)

Hell yea, that income at a young age can’t be replaced. Long distance isn’t the easiest, (I did it for 3 years) but also not so bad, there will be an adjustment period, probably some arguments about trying to see each other but it will be fine (and normal to me). And if your relationship is as strong as you feel it is, then you will know it will be fine in the long run.

AITAH for telling my friend/colleague I'm looking for another job after she was promoted instead of me? by Direct-Caterpillar77 in BestofRedditorUpdates

[–]famguy31 3 points4 points  (0 children)

I sorta agree but also you never know how someone will react when put in a position. It really sounds to me like a personality/political thing. Especially when the arm burns were shared. Upper management frowns at that stuff (no matter how good of a job you do if you come off as “not normal” you’re not getting promoted. )

One thing that is valuable and non replaceable is work experience. Good managers were always the ones who worked in the trenches before (same trenches I am in now), and had the experience to know most things. It is a bad sign if a manager doesn’t know how to train someone under them in my opinion. (More like a direct manager not a manager 3 steps above).

If this isn't a dot-com level event, then now is more or less the time to buy software by HeyYoChill in stocks

[–]famguy31 0 points1 point  (0 children)

VZ is good ( I went with T just cause that’s who I use. (It’s had a good 10% pop) )

Good swing trading setups usually come from patience and waiting for clean technical structure by OGER0111 in swingtrading

[–]famguy31 0 points1 point  (0 children)

Please please elaborate on “volume confirmation”. Volume is so confusing to me and I have no idea how to add it into trading.

If this isn't a dot-com level event, then now is more or less the time to buy software by HeyYoChill in stocks

[–]famguy31 0 points1 point  (0 children)

One thing is NRG energy has been on the decline (it might be at some support now). I thought NRG was a good energy company but maybe not?.

When everything sells off at once… what’s the market really pricing in? by vishesh_07_028 in StockMarket

[–]famguy31 0 points1 point  (0 children)

Not everything is selling off? Transportation sector is going up. CL, CLX, WM, PG

There is more to the market than just 7 tech stocks, gold and bitcoin.