Message from @Darth
Discord ID: 392567976227766282
Does anyone know good resources to learn how to pick stocks?
check out the YouTube channel Ricky Gutierrez
join his group techbud solutions
its nice 👌
Thanks
Don't pick stocks.
Check out a quilt chart as to why. Stock picking for most is a fools gold and inefficient,
And shorting options should and can only be done by experts as it leaves investors vulnerable to incredible losses.
The goal is 10% growth in a diversified portfolio. That doubles your money every 10 years. Sure, get rich quick schemes work 1% of the time, but fail otherwise and all that capital is wasted.
Is it that hard to beat index funds?
Bitcoin is better termed petrodollars since it now takes 20 barrells oil to mine one bitcoin
Beating index is called Alpha, and it is difficult
Not impossible by any means, but requires a strategy
And generally, to add alpha, it is more efficient to use mutual funds or etfs
With bitcoins going to 100 barrel prices, I would sell and stay away
Why would it be so hard to find stocks that can at least slightly beat the market?
If it were that easy, everyone would be doing it...beating the market is basically saying beating company valuations...possible as a one off? Sure. Long term it has been shown not to work.
Valuations are done by very intelliegent people, experienced at what they are doing, and have far more info than 99.9% of investors
Yes, penny stock from the pink sheets could work out, but that is exceedingly rare
Everyone wouldn't be doing it because the stocks would become overbought, but, ya, some of those are good points
Instead of buying Apple, maybe buy shares in the company that supplies Apple the compknents...that can build alpha
So, here's the thing. Index funds naturally are going to include some obviously shit stocks that drag down the average. So, would it really be that difficult to find something that is at the very least above average?
@Jacob I’ve been able to successfully pick individual stocks for years by watching price to earnings ratios. ETF’s that track broader markets are still your best option most of the time.
I'm not sure I'm agreeing with most of what's being said here... you absolutely can be successful picking stocks 😅
why are we acting like it's completely impossible to do technical analysis and have a successful swing trade lol
or even successfuly mitigate risk while capitalizing on momentum?...
while playing lower to mid cap things with more volatility and having trades that are on a shorter basis you're not going to win 100% of the time, nobody does. You need to have the proper entry and exit strategies so if you do lose (which you will) it's only 2-4%
but when you do win, it can be 3-30% percent or even more
like i said @Jacob join techbud solutions and go in the main voice chat during market open, that can be the best way to learn, just by observing
obviously Google and YouTube whatever you can too
and for the love of god (and your funds) before you even think about using real money... make sure you demonstrate to yourself that you actually can do this right with a papertrading account
Tfw threw $$$ into crypto and stocks without any research and have made a few hundred dollars
👎
Yeah, money sucks
whats this new currency im hearing about
iota or something?
IOTA isn't particularly new to my knowledge
There's probably a lot of shitcoins released every day