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    Thursday, July 9, 2020

    Stock Market - How do you handle big losses? (mentally)

    Stock Market - How do you handle big losses? (mentally)


    How do you handle big losses? (mentally)

    Posted: 09 Jul 2020 02:02 PM PDT

    Hey guys, newbie to subreddit here,

    Picked up light day trading a few weeks ago, first using 500, then 1500, then eventually putting in 3.5k euros.

    I used the site plus500 which gives me leverage, but is of course risky as hell. It started out good with me getting 50 to several hundred euros profit a week. I made good rational choices and it paid off. Then I started using more money, and was stupid enough not to diversify.

    I opened a position on a UK top 100 call which had a fairly large spread on it, making me start out with a badly losing position. With my limited understanding it looked like I bought in at a good position, but boy was I wrong...

    Within days the position started falling, falling, and falling. I kept it up and even bought more positions on the way down thinking it would come around. Wrong again.

    Eventually it dropped by over 400% and my positions were all closed. I lost all of it. As a uni student my goal was of course to make some money by using money I had saved up, and the prospect of losing it was pretty maddening. Couldn't even think straight for a couple days.

    I wanna stress that my goal isn't to write a sob story, but I'm genuinely curious if anyone here has been in a position like this, or how you guys handle big losses mentally. I can't imagine there being many other situations where you can lose everything so quickly, just from home and being notified by an app notification. Seems surreal.

    Funny enough it actually felt petty good writing this all down. One way of coping with it I guess. Please do share if you've had anything similar happen, or just anything else to say :)

    Ps: sorry for the wall of text.

    submitted by /u/Arondriessen
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    What makes the stock price go down?

    Posted: 09 Jul 2020 03:28 AM PDT

    When a companies shares are being sold isnt there someone on the other end buying them? if so what makes the price go down, and on the other side what makes it go up, is the nyse or lse changing the price of the stock as it gets sold or something. What is the mechanism by which the price changes? Sorry if this question sounds a bit retarded im kinda confusing myself too

    submitted by /u/postwarbeatle86
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    NIO new credit line announcement

    Posted: 09 Jul 2020 10:24 AM PDT

    https://www.google.ca/amp/s/cntechpost.com/2020/07/09/nio-reportedly-to-get-over-10-billion-yuan-credit-line-from-six-chinese-banks/amp/

    This could be very interesting, they already have enough liquidity to last till 21 with additional funds from 6 largest banks in China this could cause a large move

    submitted by /u/ExtremeSavings
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    What do you guys invest in the stock market for ?

    Posted: 09 Jul 2020 12:47 PM PDT

    I'm 24 and recent college grad. I'm investing in the stock market and been getting some gains, going very well. I'm thinking to use my stock account to save up for a house but wasn't sure if this was the best investment vehicle for a house.

    What do you guys invest for maybe something should look into as well since I'm new. Thanks.

    submitted by /u/Young_Dreamer96
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    Want to learn about day trading, where to start.

    Posted: 09 Jul 2020 09:43 AM PDT

    I'd like to start learning about day trading and I've been watching some YouTube videos/reading articles but it feels like I'm doing it wrong. There are words they mention that I've never heard in my life. Can you give me some advise, where do I start learning about day trading?

    submitted by /u/Crazy_Gam3r
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    NIO recieved the funding

    Posted: 09 Jul 2020 02:17 PM PDT

    https://www.fool.com/investing/2020/07/09/why-nio-stock-continued-its-run-on-thursday.aspx

    This should help quell investor fears that further dilution would occur, as there had been solvency concerns earlier in the year.

    submitted by /u/ExtremeSavings
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    Thoughts on Square (SQ) as a long term investment?

    Posted: 09 Jul 2020 03:17 AM PDT

    Considered buying SQ at ~$105 a few weeks ago, but decided to hold out for a dip. Don't see that dip coming anymore, but I'm uneasy about buying at all time highs. I don't usually try to time the market, but I'm not sure that it's the best idea to buy at ~$135.

    So I'm wondering, what do you guys think of the current share price? I think future growth may be priced in, but would you begin to DCA at the current price for a long term investment, or do you think it's completely overvalued?

    Thanks in advance!

    submitted by /u/MMC5998
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    Ameritrade Falsely Stating Available Margin And Immediately Putting Us In A Call After A Trade...

    Posted: 09 Jul 2020 01:54 PM PDT

    I was told I had 17000 available margin this morning and bought 4000 shares of Cronos.

    I literally was put in an immediate reg call for over $2300.

    Ameritrade is stating it's my fault and that while they agree that the App should have properly stated that or rejected the trade that there are laws against them compensating me for the roughly $80 dollars that I lost when immediately selling the position due to the bad info.

    I have also had multiple wire transfers just fail for no reason while my bank was blamed and had never even received a request. I also was put in a margin call for days incorrectly last month and not a single person could explain why in that department.

    Essentially I am pretty sure I'm done with them but am I unrealistic to expect compensation on some level?

    submitted by /u/American-Faust
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    Here is a free actionable scan and strategy you can use for swing/daytrading using only moving averages

    Posted: 09 Jul 2020 07:23 PM PDT

    Most people cannot dedicate their lives to trading all of a sudden and need to ease into it while they maintain their personal and professional responsibilities. I wanted to provide something so people start making progress with their trading without having to invest money or too much time.

    I wrote this scan in about 5 minutes on a free website that has a great scanner so anyone can use it on any platform. They have built in scans that are actually quite good and it one of the most powerful scanners that a lot of people I respect turned me on to. It's not pretty but its powerful.

    While this is a Daily scan and I will phrase this in terms of Daily and Swing trading, any of these results are prime candidates for intraday trading because they are stronger than the market and bullish with momentum. You can also use moving averages on a 5M chart in the exact same way. The same principals apply on any time frame. Swing trading is just much easier to start out with because the room for error is much more flexible.

    The perfect moving average order is 5 SMA over the 20 EMA over the 50 SMA over the 100 SMA over the 200 SMA. So when they are in this order, price is too high and we do not want to buy it. We want a pullback. Okay, everyone said "buy the dips" "buy low sell high". That's big words with no help. It's easy to scan for stocks, but no one tells you how to trade them without paying them money.

    https://chrt.biz/SHOP/1242586mifa/chart/ These highlight areas show you what happens when price "dips" and tests a moving average. As long as they get back in the right order, price moves up, and with more momentum than usual.

    We want the 200, 100 and 50 MA's to never change order, or its a sign of a bearish reversal. When short moving averages cross over the longer ones, that's a sign of retreat. Go short or get out.

    But when they come back and cross to the upside, that's our trigger!

    Here is the scan.

    https://www.stockfetcher.com/ Click New Filter, Paste the red text and Find Stocks

    Show stocks where the comparative relative strength(^SPX,90) is above 1.0 compare with ^SPXand Average Volume(30) is above 500000and close > 10and close < 300and EMA(20) > MA(50)and MA(50) > MA(100)and MA(100) > MA(200)and MA(5) < EMA(20)and Close > SMA(5)

    and Show MA(5)and Show EMA(20)and Show MA(50)and Show MA(100)and Show MA(200)

    1. We want stocks that are performing stronger than the S&P
    2. We want stocks with 500k volume minumum (I like 1M for intraday unless its a nanofloat with like 100k average and 500k would be 500%)
    3. Price - Set this to what you want. I don't recommend stocks under 10 unless you know what you are doing More money to be made, but smaller stocks behave differently at times. 15-100 would be good for a 5k-25k account. Smaller stocks have more potential to move. (except TSLA)
    4. We want the 200, 100 and 50 in order.
    5. We want the 5 to have gone below the 20 showing a bearish move. But
    6. We want price to have recovered above the 5 SMA but still below the 20EMA. Because then the 20 cross back over the 5. We get upward price movement with momentum.
    7. We do not want any signs of the 20 crossing down the 50 or we have a bearish trend.

    Bad: Price below 20 and 20 about to cross 50. https://chrt.biz/MRNA/12425861fc3/chart/

    Good: Price went below the 20 but totally rejected the 50. Very bullish sign and you can see how it gapped right over the 5 and 20 moving averages (not a coincidence). You can see the moving average labels in the order we want. https://chrt.biz/BABA/1242585rych/chart/

    Worse: Price is moving down so fast that the 5 is going to cross the 50 before the 20. So where is price going to go? The 100 SMA https://chrt.biz/WORK/1242585pzza/chart/

    In Summary:

    We use all SMA's except the 20 (I use the 15 intraday). That is an EMA (weights heavier on more recent price than the tail, where the SMA is even - not that important)

    We want the 100 over the 200. 50 over the 100. The 20 over the 50. The 5 BELOW the 20 BUT price RECOVERED above the 5 but still below the 20.

    Master this first then you can do more elaborate scans for better runners such as the 50 SMA retest.

    If you see here, all the times the price did what I have detailed in this guide in blue:

    https://chrt.biz/ZM/12425877qgm/chart/

    And then look at green highlighted area. The bigger the retest without falling below, the bigger the recovery.

    And here is what happens when a giant mess of moving averages suddenly get in order:

    https://chrt.biz/SHOP/1242586mifa/chart/

    I deliberately showed you two failures up there. That's trading. Most trades don't work out. You must learn proper risk management if you want to survive. You don't have to read any books or videos. Is price below the 5 SMA? Time to sell. Set an alert for the 20SMA and you can do it all over again.

    Moving average order is the single most powerful tool you can learn in any timeframe. It's on every platform. My 10 year old niece could understand it and draw it with crayons. Now trading it is the hard part, but this should hopefully get some people on the right path in realizing how simple trading can be. If you want complicated like I do, more power to you. But you can trade this after dinner, after a long day at work with orders ready to go in the morning. Put your stops in before work and check in a couple times during the day.

    If you are in a bad trade you cannot be in a good trade. Wait for the good ones.

    Good luck. Be safe.

    submitted by /u/UncleRyan79
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    Advice for dealing with risk management & emotions: when you start becoming consistent.

    Posted: 09 Jul 2020 07:22 PM PDT

    Hey guys,

    So I've been taking this seriously after my r/wallstreetbets splunge about 6 months ago. And after developing my own strategies and way of doing things, I'm finally starting to become consistent.

    The next hurdle I am trying to deal with is actually putting some money on the table. Most of my trades have been smaller size, keeping my losses low and giving me more leeway with my mistakes.

    But then as soon as I put up some more liquidity on the line, I'll catch myself in a bad trade here or there and get ruined for a few days mentally.

    And then I'll rinse and repeat, become confident and put more on and then feel shattered.

    How did you guys feel when you first started getting into the groove of things? I feel like if anything, this might be the point where my emotions will take the best of me.

    And how did you guys transition from small plays to bigger plays? I started at around 15K USD from 1ish years ago and am around 9K now - mainly from degenerate plays because I am young.

    submitted by /u/canadianbacon22
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    Any ideas for my first investment?! Budget Is ideally 100$ but can go a bit over

    Posted: 09 Jul 2020 07:05 PM PDT

    I'd appreciate some tips from more experienced individuals and people who've been trading for a few years now I think it'll help me better understand the market

    submitted by /u/Black-Chicken447
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    Cryptocurrency platform?

    Posted: 09 Jul 2020 06:53 PM PDT

    Sorry for the lame post but I can't get any answers. Best platform to do multiple trades a day on cryptocurrency with starting $500? Main goal=kill time while I make/lose money hence the multiple trades. Practice entry/exits

    Robinhood= Not enough options. CoinBase= Transaction Fees to high ETrade= I believe optuons are.limited also

    Etoro, Binance, Coinigy, and the list goes and goes.

    So reaching out to the community to put me in the right direction.
    Which platform and why?

    submitted by /u/GetoWork
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    Why do we have working capital changes in the cash flow statement? Isn't it supposed to tell me the cash flow from the operating activities? Those "adjustments for working capital changes" complete changes finances. Why are they in it?

    Posted: 09 Jul 2020 06:21 AM PDT

    Ignore this part please- Why do we have working capital changes in the cash flow statement? Isn't it supposed to tell me the cash flow from the operating activities? Those "adjustments for working capital changes" complete changes finances?

    submitted by /u/Ryan11001
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    TD and Robinhood showing me 2 different after hours results

    Posted: 09 Jul 2020 05:12 PM PDT

    So I have a TD account and I just got a Robinhood account and I just noticed that my after hours are completely different between the two. Anyone have any idea why JP Morgan is almost a $0.50 difference between the two?

    submitted by /u/Holdzweight420
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    What's your mid-term strategy?

    Posted: 09 Jul 2020 05:01 PM PDT

    I feel like we're in no-mans land with the market right now. The market seems to be turning a blind eye to the threat of increasing corona cases around the world, as well as other economic doom and gloom narrative. But we're just coasting, climbing a bit, dropping a bit, then climbing again

    I'm trying to find a bit of certainty I can pin a strategy to. The US election coming up in November is one of the few "checkpoints" I can think of that will affect the market - whether positively or negatively. The other I suppose is Q2 earnings period coming up in the next month or so.

    I'm not asking you to predict what will happen, but what's your strategy?

    • If the markets were to nose-dive suddenly would you panic sell everything?
    • Are you just long-term HODL?
    • Do you set yourself specific targets for each stock, and once you hit them you take your profits?

    Would be interested to hear how people approach this.

    submitted by /u/Bongo_2020
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    Airlines

    Posted: 09 Jul 2020 10:47 AM PDT

    I have 3 airline stocks: American, United and Spirit that I bought too high. I averaged down yesterday on Spirit and brought the price down a dollar to $18.45. I have United at $39.34 and American at $18.87. I have another $1000 that I could use to average down again. If you were me, would you throw anymore money at them and if so which one? Any concerns or bankruptcy on any of them at all? Help a brother out

    submitted by /u/DaInfamousWon
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    NTES a solid buy?

    Posted: 09 Jul 2020 04:40 PM PDT

    Hi all, it's my first time posting on this subreddit. I'm fairly new to trading in general (about a month in). So far, it's worked out pretty well—I've gained about a 10% solid return on my investments, which I intend to hold long.

    Well, I've been eyeing NTES for a while as a possible buy, and decided to get 1 share today just to observe it. What're your all's thoughts on NTES? Is it a good long term buy, or....? I'm just curious what those with more knowledge and experience might have to offer on the subject. Thanks!

    submitted by /u/The-Meta-Will
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    Is anyone else going to take advantage of the Chinese equities depression?

    Posted: 09 Jul 2020 04:36 PM PDT

    There are few opportunities to get stocks at bargain levels in one's life. Is this one of them now for Chinese equities? Momo selling at barely above 5 times earnings? Or fast growing viomi selling at about 9 times earnings? Let me know your thoughts or if this crash in stock prices is actually rational with Chinese equities. Also we should observe what happens with Sina and see if this is a warning sign for the Chinese market as a whole if this flagrant theft is allowed to take place

    submitted by /u/eiidunncnsj
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    Sell before or after merger?

    Posted: 09 Jul 2020 03:32 AM PDT

    VSLR was recently acquired by RUN, and holding stock in both has me torn. I am up on both of them, and was considering selling, but should I sell prior to the VSLR stocks converting to RUN (at a rate of 0.55), or after the merger is complete? Side note: earnings report August 5th.

    submitted by /u/stakeandshake
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    Anyone here have experience using Benzinga Pro?

    Posted: 09 Jul 2020 12:12 PM PDT

    I am looking for a news alert system basically to get fast news updates premarket and scan for low float pennys that jump premarket on good news, Benzinga seems pretty damn good after watching a few reviews, however I am wondering if there are any alternatives that are not 99 USD per month, or if i can modify a Screener in my Interactive Brokers account?

    submitted by /u/Jon_Salv2
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    What does Q1 2021 mean? It hasn't happened yet?

    Posted: 09 Jul 2020 03:19 PM PDT

    I have noticed this lately when researching on google financials how companies state this, also, for example on this article:

    "Nvidia had previously stated that it would reconsider repurchasing its stock after closing the acquisition of Mellanox. However, its commentary on the back of reporting its Q1 2021 results was that its market conditions remain uncertain and Nvidia didn't consider market conditions to be particularly favorable towards employing its strong balance sheet towards repurchasing its shares.

    As a reminder, Nvidia's balance sheet finished Q1 2021 with a solid net cash position of $9 billion. Although, subsequent to the end of the quarter, Nvidia has deployed $7 billion towards its Mellanox acquisition."

    What does that mean if it's not 2021 yet? Kinda confused lol I thought Q1 Q2 Q3 would only be revealed in a timely manner? Thanks

    submitted by /u/InsidiousStealth
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    What would you do for AFL? Hold or Dump?

    Posted: 09 Jul 2020 03:01 PM PDT

    Hello,

    I'm talking a 10% loss currently on AFL. People have been staying to hold for long-term. But, I'm afraid it's going down the rest of the financial sector.

    What would you do for AFL? Hold or Dump? Do you own any?

    submitted by /u/dustin4you
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    Boeing a worthwhile long hold?

    Posted: 09 Jul 2020 08:30 AM PDT

    Looking at the stock price right now, Boeing has been hit pretty hard, over the next 3 years I could see it recovering though. They have a pretty good dividend too. Thoughts?

    submitted by /u/TreeDiagram
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    TOUGHBUILT™ Q2 2020 Amazon sales reached $1,350,000

    Posted: 09 Jul 2020 07:08 AM PDT

    Thu July 9, 2020 9:30 AM|GlobeNewswire|About: TBLT

    LAKE FOREST, Calif, July 09, 2020 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. (TBLT) ("ToughBuilt" or the "Company") (NASDAQ: TBLT) an advanced product design, manufacturer and distributor with emphasis on innovative products, currently focused on tools and other accessories for the professional and home improvement building and construction industries today announced that for the quarter ended June 30, 2020, our gross sales through our Amazon U.S. and Canada storefront were approximately $1,350,000, which is $5,400,000 on an annualized basis.

    submitted by /u/URWife4Me2Use
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