Trading the stockmarket (NO Referrals)

Skeptic said:
-4.8 shrink of GDP in the states and all stocks rocketing up. What is this nonsense. Never been happier to be cash gang for the majority of portfolio. Nobody is going to time the top and the fall can only be one for the ages.
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I'm bemused by it too. There are many companies that may not recover from this or otherwise feel the scars for many years to come.
 
I was one of those that nearly opted in who has cash both personal & potential investment.
Decided against it as I think Covid will come back and all stock rise is a circle jerk of cheap money investment on no sound company return basis.
I'll stick to local property that I know that will go cheap when cash is king.
 
Anybody who is just joining the market would undoubtedly think that it's just a machine for enhancing your wealth with no risk. When that happens, I get nervous; the bigger boys will take your money. It might not be today or tomorrow but it will happen.

Just look at the irrational exuberance going on. Some people will do very well, through luck, whereas others will likely lose a lot. That's my view anyway: the market is disconnected from the real world presently. When will that not be the case? If the stock market is really just a machine to enhance wealth, and stocks only go up, then what value is money?

I've made approx 7k over the last few weeks, and honestly deserve none of it. Very few of the plays made sense, and I rode the wave of sentiment. That isn't trading, or investing, or finance, it's luck and greed. This isn't fomo, I probably will miss some gains, but it's just ridiculous now.
 
Joe Jones said:
For anyone reading dowie's post above....please don't ignore money/risk management.

It'd be foolish to assume you have the perfect trade and put all your money into it (i.e absolutely no risk management).
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Yes that would be foolish, the point was that day trading will likely lead to you losing money... not to go all in on one trade???
 
dowie said:
Yes that would be foolish, the point was that day trading will likely lead to you losing money... not to go all in on one trade???
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If your not prepared to lose money you shouldn't even touch day trading. Literally fighting for what .. 5% of the market that an algo and companies full of the best traders can't be bothered with.

Theres money in it but only individuals can decide if its worth the risk, it's why I hate others seeking advice on this thread about good stocks..its like the blind leading the blind.

If your willing to play the long game chuck some cash in a fund and forget about it for 5 years. Your 'likely' to see good gains.
 
iamtheoneneo said:
If your not prepared to lose money you shouldn't even touch day trading.
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By lose money I don't mean lose a bit then gain in the long run.. I'm talking about losing money in the long run.

If you're prepared to do that or find it desirable then you might as well play table games in a casino too.

It doesn't seem like a desirable goal to me. You'd be better off day trading (or trading in general) if/when you're able to find an exploitable edge... or at least what looks likely to be one.
 
Huge after hours jump in Tesla shares after Q1 earnings.

https://ir.tesla.com/static-files/c1723af4-ffda-4881-ae12-b6f3c972b795

Tesla Inc. posted a surprise profit in the first quarter, the first to reflect the economic destruction wrought by the coronavirus pandemic, boosting shares in the extended session.

Tesla TSLA, +4.08% late Wednesday said it earned $16 million, or 9 cents a share, in the quarter, versus a GAAP loss of $4.10 a share in the year-ago period.

Adjusted for one-time items, the company said it earned $227 million, or $1.24 a share, contrasting with an adjusted loss of $2.90 a year ago.

Sales rose to $5.99 billion from $4.54 billion a year ago. The stock rose more than 9% following the report.


Analysts polled by FactSet had expected the electric-car maker to report an adjusted loss of 28 cents a share on sales of $6.1 billion.

First-quarter 2020 “was the first time in our history that we achieved a positive GAAP net income in the seasonally weak first quarter. Despite global operational challenges, we were able to achieve our best first quarter for both production and deliveries,” Tesla said in its letter to investors.

The results were “quite impressive, given the difficulties incurred towards the end of the quarter with COVID-19 issues,” Argus Research analyst Bill Selesky said.

“Going forward, the most challenging quarter of the year will be the second quarter, given the dislocation caused by the coronavirus,” he said. “My biggest worry is that demand for Tesla’s vehicles may take a pause,” as people grapple with unemployment concerns and less discretionary income and put off buying an electric car.

“As gasoline prices remain weak, consumers may just want to keep driving what they have (and repair what they have) until the economic climate comes back to a better place,” Selesky said.
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AA chart looks excellent at the moment.

Also is anyone in CNR? I was years ago but it looks like an interesting one at the moment.

Overall I agree with the irrational exuberance here but I think it will continue until a string of terrible earnings results/ funding calls/ bankruptcies and awful GDP figures hit the headlines. I am still planning on exiting my biggest holdings - CRM and GVC before too long. Others like AA above I am just ‘riding the wave’
 
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Tesla was a surprising one.

I’ve got some CNR, had them years and kind of forgotten about them. Yesterday update was nice.

Shell cut their dividend today too
 
CNR is quite a big holding of mine. They've taken the scenic route over the last few years, but things are starting to come together now.

Production decision due any time this year, which is considered to be a good entry point, as per this chart and others like it: https://goldstocktrades.wordpress.com/2011/11/18/the-life-cycle-of-a-junior-miner/

Bank of America predicting $3000/oz gold price in the next 18 months. https://www.mining.com/gold-price-to-surge-past-3000-says-bank-of-america/

Of course anyone can do that, but these aren't some crazy survivalists. If it comes to pass, any company with 'Gold' in it's name is going to go bonkers.
 
S&P finally reacting to more staggering jobless numbers - and spending down. Not like the bloodbath of previous weeks, but this might be the cliff edge. Data from Christine Lagarde also astonishing. Every day cements the damage further.
 
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