Trading the stockmarket (NO Referrals)

DRneocortez · 16 Nov 2020 at 16:52

My Iag is closer to £3.00 unfortunately, although sold my jet2 for a decent profit today, easyjet should be releasing some results shortly so tempted to buy back if there’s a dip, down around £1000 overall with the airlines but have a decent amount to put back in so tempted to average down somewhat.

DRneocortez · 16 Nov 2020 at 16:56

Was looking at Hyve when Gibbo mentioned it but why the big drop between 2013 and 2019, charts like that put me off, the stocks had its best days or a sign of poor management.

sid · 16 Nov 2020 at 18:12

ntg said:
paying for stock picking websites is like paying to see ads on tv.

Read the historical financial statements that are available on most finance websites. Read the 10Qs and then read relevant/specialized press. Only high quality newspapers such as FT or WSJ, avoid most blogs and crappy websites where any tom dick and harry post an opinion - there's a lot of manipulation going on, boiler rooms are now all digital and aim to fill your news feed with 20 different sources parroting the same message about some stock so they create this peripheral appreciation for what they are peddling.

I agree to an extent for random blogs and people peddling advice on Instagram etc but I was specifically referring to respected websites which have been in business for a while such as zacks, Morningstar.

I read their suggestions and check the charts /numbers myself but there are thousands of listed companies and even more etfs and funds so its all overwhelming really.

Diddums · 16 Nov 2020 at 19:28

sid said:
Where do you do your research ? Does anyone pay for stock picking websites like motley fool, zacks , seeking alpha ?

Its hard to get in before everyone else does

No good trader is going to reveal their secrets. Anyone who does is likely a failed trader and is trying to make some more money. If they're making good money, they have no reason to sell their info.

It's a bit like sports tips, if someone knows an edge, you can bet your bottom dollar that will be locked up tighter than Rachel Riley's norks.

Jonnycoupe · 16 Nov 2020 at 23:13

There’s Tesla SP500 on 21st Dec then and 463 in pre market (+13.5%) :eek:

sid · 16 Nov 2020 at 23:27

Diddums said:
No good trader is going to reveal their secrets. Anyone who does is likely a failed trader and is trying to make some more money. If they're making good money, they have no reason to sell their info.

It's a bit like sports tips, if someone knows an edge, you can bet your bottom dollar that will be locked up tighter than Rachel Riley's norks.

I think I'm looking for investments more than trading though. I agree no one is going to sell or give away their algorithms and technical analysis indicators if they work. Its the goose that lays golden eggs.

For longer term holds, I think it's more opinions and growth opportunities in the sector which are interesting to read. Electric cars, renewable energy, cloud computing, etc.

tlrBeta · 17 Nov 2020 at 10:18

DRneocortez said:
My Iag is closer to £3.00 unfortunately, although sold my jet2 for a decent profit today

Did you not take part in the RI? That's the only way my average has come down.

AshFU · 17 Nov 2020 at 11:30

I'm up over 30% in Taylor Wimpy god bless house builders, also watching Cineworld to see if they will jump after lockdown

JamesH85 · 17 Nov 2020 at 15:02

Anyone planning to do anything with their Nio today? Q3 financials at midnight.

uncle_rufus · 17 Nov 2020 at 15:10

Welp I'm in for some RR... fingers crossed!

syke · 17 Nov 2020 at 15:57

JamesH85 said:
Anyone planning to do anything with their Nio today? Q3 financials at midnight.

I'm in two minds whether to sell now ($19 buy to around $46ish) and re-buy tomorrow depending what happens.

ninjabib · 17 Nov 2020 at 16:18

syke said:
I'm in two minds whether to sell now ($19 buy to around $46ish) and re-buy tomorrow depending what happens.

Same, got 1500 shares at 24 dollar average and dont know whether to cash out my 100% profit and reinvest or just roll long term

syke · 17 Nov 2020 at 16:54

ninjabib said:
Same, got 1500 shares at 24 dollar average and dont know whether to cash out my 100% profit and reinvest or just roll long term

Let me know what you end up doing!

ninjabib · 17 Nov 2020 at 16:57

Doesnt seem to be much movement today either way. If it drops to 40ish i'll buy another 500. If not i'll wait and see what the earnings say and take my chances theres a big sell off.

JamesH85 · 17 Nov 2020 at 19:57

ninjabib said:
Doesnt seem to be much movement today either way. If it drops to 40ish i'll buy another 500. If not i'll wait and see what the earnings say and take my chances theres a big sell off.

I think nio just hit an all time high, big expectations from these financial and everyone wants a piece

ninjabib · 17 Nov 2020 at 20:09

True but looks like a small sell off going on already, dropped from 49.whatever to 46 now. I'd say a big sell off is coming.

I expect it to drop overt the next few days but not to 38-40, more 42ish. Then start rebuilding.

ninjabib · 17 Nov 2020 at 21:44

Results out for NIO, slightly ahead of expected but nothing amazing. Hoping for a sell off tommorow so us long-termers can get back in at better prices.

englishpremier · 17 Nov 2020 at 21:53

Margins improved, revenues improved over 20% on last quarter. I'd say it's amazing enough. The market has gotten too greedy.

ninjabib · 17 Nov 2020 at 21:54

Yes improvements indeed but from the hype i'd say people are expecting more (NOT NIOS FAULT). Down to 45 per share in the after market currently.

Lots of people already moaning asking why it hasnt risen 20% since release. I expect them to panic sell and take profits tommorow.

JamesH85 · 17 Nov 2020 at 22:01

I'm sitting right with mine, may be even more potential to buy tomorrow then