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What are some of the corporations you're watching?gaining_age wrote: ↑24 Jun 2022, 21:05 With recession coming, I'm revisiting my "sin stocks" -to a degree- (not gambling but alcohol, etc.)... sad people splurge on vices.
I look through a few searches to learn about market cap and choices:sweetandsour wrote: ↑25 Jun 2022, 07:38What are some of the corporations you're watching?gaining_age wrote: ↑24 Jun 2022, 21:05 With recession coming, I'm revisiting my "sin stocks" -to a degree- (not gambling but alcohol, etc.)... sad people splurge on vices.
Marijuana stocks zoomed in Jan 2021 just as Biden took office (reclaiming the great highs of the pre-covid economy). They have fallen steadily since, as economic stress and social chaos have steadily increased. An ETF I watch (MJ) hit $34 when Biden was inaugurated. It's down to $6.5 today.gaining_age wrote: ↑25 Jun 2022, 14:28I look through a few searches to learn about market cap and choices:sweetandsour wrote: ↑25 Jun 2022, 07:38What are some of the corporations you're watching?gaining_age wrote: ↑24 Jun 2022, 21:05 With recession coming, I'm revisiting my "sin stocks" -to a degree- (not gambling but alcohol, etc.)... sad people splurge on vices.
<wine as a search as an example>
https://www.vinovest.co/blog/wine-stocks
https://www.fool.com/investing/stock-ma ... ne-stocks/
Del wrote: ↑25 Jun 2022, 17:15Marijuana stocks zoomed in Jan 2021 just as Biden took office (reclaiming the great highs of the pre-covid economy). They have fallen steadily since, as economic stress and social chaos have steadily increased. An ETF I watch (MJ) hit $34 when Biden was inaugurated. It's down to $6.5 today.gaining_age wrote: ↑25 Jun 2022, 14:28I look through a few searches to learn about market cap and choices:
<wine as a search as an example>
https://www.vinovest.co/blog/wine-stocks
https://www.fool.com/investing/stock-ma ... ne-stocks/
I don't know if Biden did that. Could be a coincidence. Maybe it has nothing to do with lawlessness and the flood of illegal weed.
Seeing support, resistance, and trading channels are essential skills for technical analysis. (Japanese samurai invented the candle charts to tease this information out of rice markets.)sweetandsour wrote: ↑28 Jun 2022, 10:35 I'm slowly learning, about support and resistance, and drawing lines through the candlesticks. I should have sold my NVDA yesterday at 171, that I bought at 156. I put a limit sell order in this morning, but too late. Hopefully it won't drop too far before the next rebound. If I'd sold at even 170, I could buy it again in the 150s. I'd really like it to reach the 190s again and I'd sell all the shares and break even.
Yeah I'm learning lessons the hard way, but at least it's costing me hundreds, not thousands, at the moment. I signed up for an options 101 webinar this morning but got too busy and missed it. There'll be another.Del wrote: ↑29 Jun 2022, 08:26Seeing support, resistance, and trading channels are essential skills for technical analysis. (Japanese samurai invented the candle charts to tease this information out of rice markets.)sweetandsour wrote: ↑28 Jun 2022, 10:35 I'm slowly learning, about support and resistance, and drawing lines through the candlesticks. I should have sold my NVDA yesterday at 171, that I bought at 156. I put a limit sell order in this morning, but too late. Hopefully it won't drop too far before the next rebound. If I'd sold at even 170, I could buy it again in the 150s. I'd really like it to reach the 190s again and I'd sell all the shares and break even.
We are still in a bear market. The overall trend is still DOWN.
If a trader doesn't want to sell short or anything exotic, we can still buy on dips and sell on the upswings. But this means holding for a week or so and setting short targets.
NVDA is trading at support now, $154. If a guy sells it when it hits 164, that's still 6.5% return in a week or so. But don't buy today.
On Thursday morning, the latest news on inflation and unemployment will be released. The market could react strongly, and most likely drop below support. Market is already dropping today, in anticipation of bad news.
https://www.forexfactory.com/calendar
Options can give you some more opportunities.sweetandsour wrote: ↑29 Jun 2022, 09:49Yeah I'm learning lessons the hard way, but at least it's costing me hundreds, not thousands, at the moment. I signed up for an options 101 webinar this morning but got too busy and missed it. There'll be another.Del wrote: ↑29 Jun 2022, 08:26Seeing support, resistance, and trading channels are essential skills for technical analysis. (Japanese samurai invented the candle charts to tease this information out of rice markets.)sweetandsour wrote: ↑28 Jun 2022, 10:35 I'm slowly learning, about support and resistance, and drawing lines through the candlesticks. I should have sold my NVDA yesterday at 171, that I bought at 156. I put a limit sell order in this morning, but too late. Hopefully it won't drop too far before the next rebound. If I'd sold at even 170, I could buy it again in the 150s. I'd really like it to reach the 190s again and I'd sell all the shares and break even.
We are still in a bear market. The overall trend is still DOWN.
If a trader doesn't want to sell short or anything exotic, we can still buy on dips and sell on the upswings. But this means holding for a week or so and setting short targets.
NVDA is trading at support now, $154. If a guy sells it when it hits 164, that's still 6.5% return in a week or so. But don't buy today.
On Thursday morning, the latest news on inflation and unemployment will be released. The market could react strongly, and most likely drop below support. Market is already dropping today, in anticipation of bad news.
https://www.forexfactory.com/calendar