Stock of the Day
Stock of the Day
Out of context: Reply #411
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- NBQ000
How do you spot “hot” stocks on WSB early? I mean is there some kind of authority figure or posters with good track records?
All I see is constant noise and a lot of “diamond hands you apes” BS.
Where do you actually get the early picks there?
- don't bothermonospaced
- Ask your wife's boyfriend.palimpsest
- QBN. Shhhh_niko
- I've started watching your day trader video above, but before I finish it I want to add my 2¢. As someone who has no clue and just dabbles in the stock market,_niko
- it seems to me that if you have a large enough bankroll, say 100k, all you have to do is keep your ear to the ground and put your money on a stock that will_niko
- ...jump a meagre 1% and you've made $1000 which is a great daily income. Now if you do the same with $1m, you're making $10k/per day on only a 1% bump_niko
- the problem is, I'd imagine is that it's impossible to predict even a 1% bump in stock price unless you have insider knowledge. Apple release record earnings_niko
- Yeah niko, 1% a day theory is easy. Do you know how many billion-dollar hedge funds there are who keep losing money.NBQ00
- numbers and their stock took a dive. I've seen a few others do the same, so maybe it's a bit of a gamble after all._niko
- yeah NBQ00 exactly, if it were that easy, these hedge fund traders and other whales would be printing money, but it does seem like they do._niko
- @_niko more like they want way bigger returns; sure, what you said it's all good for a regular joe, but you need to do 5% to cover inflation, commissions, etc.grafician
- @_niko oh wait, you said 1% A DAY lol
so 20%/month? hmmmgrafician - Use trading view. Filter for relative volume and pre market gap. Look for what is moving towards extreme with those indicators.shapesalad
- You could also say if 1% a day was possible you could use compound trading and make trillion $$ in no time. If it was possible somebody would’ve already done itNBQ00
- I made more than $1,000 on just AAPL today alone.monospaced
- graf, 1% a day but not every day, so you have to pick a different stock or stocks to collectively make 1% and sell them. it seems easy. But I'm sure it's not_niko
- @_niko yeah, but that is not investing, that is very conservative day trading
@mono so you have $50k on AAPL? interestinggrafician - yeah graf, that's what I'm talking about, how possible it is to make 1k/day with a 100k bank roll conservatively selling after a 1% gain._niko
- @_niko $1-2K a day is very doable, with a little research upfront to pick a few stocksgrafician
- @graf, yes. I put $750 down a long time ago on 15 shares (estimates). It's now worth like $60K, and that's after I used a chunk to buy a house.monospaced
- I don't see how that's interesting though.monospaced
- I bought 50 shares when they released the iPhone. It split 7 to 1 in 2014, giving me 350 shares. Then 4 to 1 last year, giving me 1,400 shares.monospaced
- Follow mono - buy a good company with growth potential. Diversify. Then worry about gambling.formed
- Remember, "80% of day traders lose money over the course of a year with the median loss of -36.30%!" Day trading is a sucker's game.formed
- it's actually over 95% of daytraders losing moneyNBQ00
- Swing trading is better. Day trading needs a constant supply of expressos, high speed internet, super fast desktop pc, 20 monitors.shapesalad
- In the long run, you don't stand a chance.
The glamour of big returns and "diamond hands" is all marketing to attract new blood and dumb money.monNom - Nobody brags about slowly losing everything as they furiously double down and take larger risks trying to get back to even. You only ever see random lambo guy.monNom
- Because no matter what, you have inferior information compared tp the pros, or the pumper on reddit. If you're not in the club, you are their food.monNom