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Hey stock trading thread, I've been looking to dip my toes into stock trading, but I don't have much cash to start with. Would you guys have any recommended reading material for a complete newbie? Right now I have an account on robinhood and have a few hundred bucks to spare, so I'm trying to find a good starting point.
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May 19, 2019 05:25
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| # ¿ Apr 26, 2024 15:20 |
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crazypeltast52 posted:This is the thread for degenerate gamblers, if you want to plan for retirement the long-term thread is a better place, but most of us post in both. Degenerate gambling looks closer to what I'm trying to do, yeah. I don't even know what stock options are yet so I probably won't be trading those anytime soon.
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May 19, 2019 06:23
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Thanks for the book suggestions guys, gonna start with Four pillars first. Does anyone know a good place to read up on investing/stocks vocabulary or should I just keep googling everything as I see it and hope for the best?(Going long? selling contracts? Calls/puts? I either don't know what those mean at all, or probably have a poor understanding of them)
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May 20, 2019 07:09
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Exactly what I was looking for, thanks! *edit* If I'm reading this correctly, is a put a lower risk and lower profit version of a short sell? And for that matter, if you guys don't mind, tell me if my understanding of a short sell is correct: 1. You borrow X amount of shares and sell them, holding onto the cash from the sales 2. You wait until a future date that you agreed upon. 3. On said date, you buy back the same number of stocks to return them, hoping that the price dropped and you keep the difference. Umbreon fucked around with this message at 08:53 on May 20, 2019 |
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May 20, 2019 07:43
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Holy moly Sprint just exploded. I feel so dumb for trying to limit buy at a penny under the market price last night, the price jumped up like almost $1.50 the moment the premarket opened
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May 20, 2019 15:25
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I'm not sure if I'm understanding dividends right. I'm looking at F, which has a price of $10.29 per share, but a dividend of 7.84. Is that correct? You seriously get 80% of the stock's value per year just for owning the stock? *edit* Ahh, I think I figured it out. Annual dividend divided by share price, so this actually means it's 80 cents a share? Umbreon fucked around with this message at 06:06 on May 21, 2019 |
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May 21, 2019 06:02
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greasyhands posted:....what?  Where would I go to find the annual yield?
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May 21, 2019 06:48
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greasyhands posted:The "dividend yield" on that page would be in % terms (i.e. a 7.84% yield), but it is incorrect. I don't recognize what you are using, but it has incorrect data. You are doing the math correctly (it would be an .80 annual dividend if 7.84% were correct), you've just got a bad data source. Makes sense. I think the data source is just using an alternative calculation method: quote:Depending on the source, the annual dividend used in the calculation could be the total dividends paid during the most recent fiscal year, the total dividend paid over the past four quarters or the most recent dividend multiplied by four. Guess I'll stick to finviz for looking at dividends for now.
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May 21, 2019 07:24
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Sorry for spamming you guys with all my dumb questions, but this one should be an easy one: I'm looking at REML and the numbers also sound unreal. If I'm reading this right, it's a $23 stock that has a 21% dividend yield, so just under $5 a share per year in dividends? This sounds like a really good long term investment choice, even with the wild fluctuations they have. Am I missing something here?
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May 21, 2019 08:20
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Agronox posted:How would you describe the biggest risk you take by holding REML? Not sure. I'm a complete newbie to this, so my best guess is the price tanking like it did earlier in the year?
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May 21, 2019 16:48
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Agronox posted:Well, yeah, but what I’m asking you is: what are the underlying business risks? (There are at least two big ones that should be fairly obvious.) I cannot. Where would be a good place to research this specific topic, and what exactly should I look up?
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May 21, 2019 20:20
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Agronox posted:A good first step is to take a look at the most recent annual report for the company, which can be found on the SEC's web site. They're called 10-Ks over there. Wow, I did not know SEC filings would be so plainly readable to even a newbie like me. I can see now that this is a massive amount of risk, are there any other sections of a 10K that I should be homing in on first when I'm checking one for a company?
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May 21, 2019 22:55
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I currently toss about $300 a month into savings+ whatever is leftover in my checking account. Would it be a better idea to use that cash to instead buy a share in the S&P 500? It looks pretty solid for long term investments
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May 26, 2019 06:02
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Solice Kirsk posted:My dude, have you considered putting those funds into a Portuguese Bank penny stock? BCP all the way. Penny stocks are ironically hard to buy for people just getting into stock trading.
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May 26, 2019 21:38
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uhhhhahhhhohahhh posted:Kicking myself for not picking up any AMD calls when it was red premarket yesterday, even the ITM turbos up like 300%. gently caress knows what's going to happen with it today though. It's going to plunge because I discovered stock options and bought an AMD call at 29.50. Get your puts ready while you still can
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May 29, 2019 13:32
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uhhhhahhhhohahhh posted:I'm thinking of doing the same tbh. I hate to FOMO in but it worked out for me on AMD before when I made the wrong call on their 1Q earnings and swapped sides. Plus I was having surgery under GA on my testicles yesterday and didn't know what state I was going to be in when I woke up so didn't want to commit I warned you all! 
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May 29, 2019 14:43
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greasyhands posted:Big director purchase on TEVA today. It's big because he essentially held no shares prior to this purchase so its not a prop-up bid- he essentially thinks its cheap and bought a million bucks worth. Man I am glad I bought a straddle on that during premarket
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Jun 4, 2019 04:17
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I'm looking at ACB and it looks pretty volatile, would this be a decent choice to buy a cheap strangle on? (Mostly asking to test my understanding of options so far)
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Jun 5, 2019 09:00
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uhhhhahhhhohahhh posted:AMD almost hitting 30 in premarket already, what the poo poo. How did "they will never cut rates" become "buy everything" so suddenly. Don't know whether to double down on these puts or just forget them. Should've bought calls at the same time to account for this random bullshit. don't worry, I've got a straddle on 29.5 so that poo poo isn't going to go anywhere, I promise you
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Jun 5, 2019 15:28
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uhhhhahhhhohahhh posted:Yeah, no clue wtf. Didn't fomo into calls either. Congrats to the guy holding the straddle I was my first stock option I ever got a profit on 
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Jun 7, 2019 13:12
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uhhhhahhhhohahhh posted:So AMD spiked big on the Computex news. They're going to be showing off more at E3, Monday afternoon. Hard to tell if it's going to do the same again. I think it's assumed that this is to show off Navi, which is less exciting than Ryzen3, and unless they're beating Nvidia at a better price point it's hard to get excited about it. Plus trying to factor in if Mexico tariff being over is good or if everyone is trying to play 4d chess because tariff over means no rate cut means bad is a nightmare. Lord help me, I'm buying a third call
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Jun 9, 2019 13:31
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dougdrums posted:gently caress I wanna short BYND at $160 but there's none to borrow. Forward P/E of like 3300 is just too delicious. Sorry if this is a dumbass question, but can't you just buy long puts instead?
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Jun 13, 2019 18:28
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Ulio posted:Bought the dip on GOOGL for a quick profit and closed my aapl calls position. Man I was so close to buying SNAP calls but I didn't want to pay the premium into earnings. I am really glad I bought a SNAP call @14.5 for 1.02 despite my better judgement telling me not to
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Jul 23, 2019 22:05
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SPY 290 8/12 calls @ 1.57 each. They dropped 40% in value already but I'm still holding for the eventual recovery.
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Aug 6, 2019 18:37
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Is QQQ basically a cheaper version of SPY for options?
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Aug 11, 2019 05:28
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Toxic Mental posted:John Deere, unquestionably. Their stock virtually mirrors the S&P: When recessions start, people stop building houses and farmers don't buy new machines as much, and people golf less, which is what their Construction and Forestry/Agriculture and Turf divisions are all about. Why short Cisco? They seem to have a bunch of new technologies coming up that look pretty profitable, is that just blowing hot air?
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Aug 11, 2019 22:17
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fougera posted:Dude you have to stick around for the potential meltdown tomorrow. CSCO guiding well below street, seems inevitable tomorrow unless... Whoever mentioned their earnings report was gonna be bad was right on the money. My $52 CSCO put is gonna be worth a nice chunk of change tomorrow
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Aug 14, 2019 22:36
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Toxic Mental posted:Tried to warn everyone about Cisco... If they miss with such low EPS predicted, they miss big. RIP my brother Your warning was very appreciated and my $52 CSCO thanks you
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Aug 15, 2019 01:05
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How does one buy into an IPO?(on Robinhood, if possible)
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Sep 13, 2019 08:09
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Are there any good Canadian brokers for options trading?
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Oct 11, 2019 13:40
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Can someone tell me what the hell is going on with SPY/QQQ and why the prices are skyrocketing so high over such a short period of time? I bought a few 12/30 $323 SPY calls when SPY was $315 and these are legitimately about to start having intrinsic value instead of extrinsic and I have no idea why
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Dec 21, 2019 15:57
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When I sold puts on SPY last week, and saw what happened yesterday, I was feeling pretty worried but I held anyway and didn't try to buy back. Currently very glad I made that choice
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May 5, 2020 15:11
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Wrote a single SPY 291 put with a 5/15 expiration date, with the other leg being at 289.
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May 11, 2020 15:15
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Kal Torak posted:As a Canadian, I don't know anything about RH, but that story makes zero sense. How does a 20 year old get in the hole 700K? I hope it wasn't simply one side of a spread being assigned and all he had to do was close out the position. Isn't that automatic on Robin Hood? I've been assigned a whole bunch of times so far, and nothing has ever happened besides me paying up the maximum risk I had in collateral, it's always been automatic with no input from me
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Jun 15, 2020 03:36
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pmchem posted:just imagine when SPY touches 340 intraday I literally sold my whole portfolio and bought a couple of $336 strike 11/30 spy calls because I can feel in my bones that this is going to happen
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Aug 7, 2020 15:32
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ketchup vs catsup posted:Don’t most platforms already have fractional ownership? It's all about making the options cheaper and more accessible
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Aug 13, 2020 15:05
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Is Jpows' speech why SPY is climbing even more after the huge climb yesterday? e: I'm literally too afraid to sell my $336 SPY calls I got back when SPY was in the high 320's because they just don't stop climbing up in price
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Aug 27, 2020 15:08
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If SpaceX ever does an IPO I'm literally going to dump my entire portfolio in as much cash as I can grab into it. I've worked at different ISPs for almost a decade now and I can tell you exactly how much 1Gbps low latency internet across the entire globe is going to kill competition
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Aug 29, 2020 14:51
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I would appreciate if you least explain why you think that's funny
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Aug 29, 2020 20:43
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| # ¿ Apr 26, 2024 15:20 |
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FreelanceSocialist posted:Because you didn't know literally everything about trading and equities and the market and you use Robinhood and it's cool to make fun of people who fall into those two particular categories. He's being a jerk. Here is some info about trading IPO's on Robinhood on their opening day. Thank you, I didn't even know trading before the IPO was even out was a thing. I've got accounts with multiple trading platforms, I'll make sure I have cash ready somewhere else to get in as early as possible
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Aug 30, 2020 06:29
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