Stocks - r/Stocks Daily Discussion Wednesday - Aug 19, 2020 |
- r/Stocks Daily Discussion Wednesday - Aug 19, 2020
- Apple is now worth $2 trillion
- A guide for those looking to invest in Renewable Energy. (My Renewable portfolio with DD)
- Target reports a monster quarter — profits jump 80%, same-store sales set new record
- Who here buys stocks based off what other people say, rather than doing their own DD?
- Apple’s $2 trillion value is proof that Tim Cook’s services plan worked
- BABA earnings tomorrow
- Airbnb files for IPO
- Just went long on Sea Limited $SE
- are we being watched or what?
- Any good stock forums that has a board for each stock that is better than Stockwits?
- The threat of delisting Chinese Stock is not as bad as it seems
- QCLN vs ICLN. Whats the better clean energy ETF and why?
- BEP.UN vs. BEPC in my TFSA?
- Air bnb confidentially files for U.S IPO
- JPMorgan Chase held talks with U.S. Postal Service about installing ATMs in post offices
- Is it always a good idea to invest in stocks after the market tanks
- The Roaring 2020s
- My Opinion on Technical Analysis, AMA!
- 50k sitting in my IRA settlement account - buy or wait?
- Nvidia hurdles $300 billion market cap, which Intel hasn’t topped since the dot-com bust
- The Federal Open Market Committee (FOMC) July video/notes were just released. showing what the Fed is doing and planning
- What Happens If You Purchase a Tesla Share after Aug 21, the cutoff date?
- Are Earnings estimates GAAP or Non-GAAP?
- Priorities
| r/Stocks Daily Discussion Wednesday - Aug 19, 2020 Posted: 19 Aug 2020 01:06 AM PDT These daily discussions run from Monday to Friday including during our themed posts. Some helpful links:
If you have a basic question, for example "what is EPS," then google "investopedia EPS" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned. Please discuss your portfolios in the Rate My Portfolio sticky.. See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| Apple is now worth $2 trillion Posted: 19 Aug 2020 08:11 AM PDT Apple (AAPL) has become the first US company to reach a $2 trillion market cap. [link] [comments]  |
| A guide for those looking to invest in Renewable Energy. (My Renewable portfolio with DD) Posted: 18 Aug 2020 06:16 PM PDT I've dedicated a large percentage of my portfolio to renewable energy companies and have obtained some knowledge on the sector and specific companies in doing so. I've noticed a trend of people inquiring about these companies so I hope that this post can provide some information. I'll provide a brief bullish thesis and some information about my investments in renewables. These are in order of weight in my portfolio. Tesla (TSLA) (511% gain) Most of us know what Tesla is about. They are the global leader in electric vehicles and will eventually come out with autonomous driving but I'll focus on their energy business. They sell solar panels with the lowest cost/watt of U.S. manufacturers, but this isn't the exciting part of their energy business. They are a leader in battery storage, which is an integral part of a renewable future. Energy storage systems store energy produced from solar panels and when the sun isn't shining, energy is consumed from the batteries instead. Also their autobidder software, which is out in trial in Massachusetts and Australia I believe, eventually will turn energy into a market place for Tesla customers. Read more about autobidder here: https://www.tesla.com/support/autobidder My bull case for Tesla (specifically the energy side of the business) is that they will continue to innovate with their low cost panels, and be a leader in battery storage, plus leverage their autobidder software to bring added value to residential customers. Vestas Wind Systems (VWDRY) (91.4% gain) Vestas is the leading manufacturer and installer of wind turbines. They have a global footprint and are expected to grow in line with the growth of the wind industry as a whole. A major growth engine in their business is going to be their expanding service and maintenance business, which has very high margins. My bull case for Vestas is that they are a unique pure play wind turbine company with years of experience in the growing industry. First Solar (FSLR). (24% gain) First Solar is an American based solar module manufacturing and solar project operating company. Most of their business comes from corporate and grid level solar projects. Notably, they have Next Era Energy, Microsoft and Apple as customers. The real bullish case behind First Solar is around their differentiated Cadmium Telluride solar modules. Compared to the standard Crystalline silicon technology, First Solar's modules last longer and produce energy at higher efficiencies in hotter climates. My bull case for First Solar is around their differentiated technology, strong balance sheet, and position as an American company, which typically warrants a higher P/E ratio than foreign companies. Jinko Solar (JKS) (22% gain) https://ir.jinkosolar.com/static-files/5a6d9266-d288-4ece-a0ea-f8e49ff60119 Jinko Solar is a leader is a Chinese based solar panel manufacturer. They produce low cost modules and also manage solar projects. Their business model is similar to First Solar's, however they trade at a cheaper valuation, due to being a Chinese company. You can read more about their technology on their investor relations page, but my main bull case for this company is around their position in South East Asia as a leading manufacturer, as this is undoubtably the biggest potential market for solar energy. Canadian Solar (CSIQ) (27.5% gain) http://investors.canadiansolar.com/events Canadian Solar is also a leader in the module manufacturing & project development business. They have a similar business model with Jinko and First Solar. Canadian Solar owns equity stakes in several of their solar projects, which gives them a source of recurring revenue. They also have a large footprint in American grid/commercial systems and are a market leader in North America. They trade at an absurdly low 5 P/E ratio despite significant growth expectations in the coming years. My bull case for CSIQ is around their ability to dominate the current market and potential to capitalize off of further market growth and consolidation towards the biggest solar companies. Also their current valuation is very intriguing. SolarEdge (SEDG) (126% gain) https://investors.solaredge.com/ SolarEdge is the global leader in the Inverter space, with a 60% U.S. market share. For those who don't know, Inverter's turn the D.C. electrical current from the sun into an A.C. current, which is used by households. The inverter business is also much higher margin than the module (panel) business, due to there being fewer players in the industry. They are also expanding into energy storage and electric vehicle manufacturing. My bull case around SolarEdge is around their market dominance in the Solar Inverter business, which will grow exponentially in the coming years plus future expansion in storage & EVs. They have a very strong management team as well. TPI composites (TPIC). (70.55% gain) TPI composites manufacturers wind blades and sells them to wind turbine companies. They have long term contracts with the top 5 non Chinese wind turbine companies (Vestas, GE, Siemens, Nordex & Enercon.) 63% of total wind blade manufacturing is outsourced to companies like TPI and they are the market leader in this space with about 20% market share globally. The business currently has low margins, but they target a 12% EBITDA margin for the future, and they trade at a measly 0.74 P/S ratio currently. They are also expanding into EV composite manufacturing and have a contract with a certain EV company that I can't mention on this subreddit apparently (DM if you want more info) to manufacture vehicle parts for them. Enphase Energy (ENPH) (46% gain) https://investor.enphase.com/static-files/81902e59-7d61-4693-aa86-8d54e63975b9 Enphase is the sole producer of Microinverters, which are smaller inverters that go on individual panels and provide a safer, more efficient, but more expensive solution than the standard string inverters. Microinverters are used in smaller solar systems, mostly residential. They also have an energy storage business that is just starting to scale. Enphase and SolarEdge are competitors in both of these spaces, and are expected to be major players in the future. Like SolarEdge, Enphases' inverter business is high margin and expects rapid future growth, as the residential solar market grows. My bullish case around Enphase is around their Microinverter technology, potential for expansion into storage and unique Ensamble home energy management system (read about Ensamble on the Investor relations page). Brookfield Renewables (BEPC). (12% gain) Brookfield Renewables owns and operates renewable energy systems and projects. They sell energy produced from such systems to utility companies and have a recurring revenue stream. They also pay a 3.73% dividend yield. Their investments are split between Hydroelectric, solar and wind. My bullish thesis around BEPC is the consistent cash flow positive revenue stream and relative safety in the business model. Also, they provide me with exposure to hydroelectric energy. Let me know if you have any comments, hold, or plan to buy any of these companies! NOTE: I'm 19 years old and have a 5-10 year+ timeline for holding/buying into all of these companies PS: These are not all of my holdings, just the renewable energy portion of my portfolio. (which including Tesla makes up more than half, exluding Tesla about 1/4) [link] [comments]  |
| Target reports a monster quarter — profits jump 80%, same-store sales set new record Posted: 19 Aug 2020 03:48 AM PDT https://www.cnbc.com/2020/08/19/target-tgt-q2-2020-earnings.html Adjusted EPS: $3.38, vs. $1.62 expected Revenue: $23 billion, vs. $20.09 billion expected Same-store sales growth: 24.3%, vs. 7.6% expected, according to StreetAccount survey [link] [comments]  |
| Who here buys stocks based off what other people say, rather than doing their own DD? Posted: 19 Aug 2020 06:47 AM PDT Be honest. Do you actually go and do your own DD before buying a stock, or do you listen to other people on this subreddit and other platforms, and just buy stocks based off that? There's so many stocks which get talked about on here like Tesla, NET, SE, SHOP, NIO, AMD etc. and I've invested in all of those and made huge gains, but never actually done any thorough research on them. All I really know about them is what their company is, their future prospects and other fundamental things. I've had a lot of success with this "strategy" and my stats are like this: April: +22% May: +12% June: +5% July: +2% August: +8% (so far) Best performing stocks since I started have been Enph, Sea, Shop, Tesla and also airlines/resorts/oil [link] [comments]  |
| Apple’s $2 trillion value is proof that Tim Cook’s services plan worked Posted: 19 Aug 2020 09:00 AM PDT
I don't agree. Services growth is slowing down for some time now. Wearables are actually slowing down too. The biggest driver behind AAPL's price are the buybacks. What do you think? [link] [comments]  |
| Posted: 19 Aug 2020 09:02 AM PDT Bought BABA again today as I expect it to have sold a lot in the past months. And of course will sell tomorrow quickly for a quick buck. What do you the BABA earnings will look like? I had BABA in the past and made some profit, but the whole trump thing got me to sell early.... [link] [comments]  |
| Posted: 19 Aug 2020 01:52 PM PDT This is gonna be huge ! Airbnb has filed confidential IPO paperwork https://www.cnbc.com/2020/08/19/airbnb-has-filed-confidential-ipo-paperwork.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard No financial information as of yet or amount of shares that will be issued. Who's getting on it ? [link] [comments]  |
| Just went long on Sea Limited $SE Posted: 19 Aug 2020 12:57 PM PDT Just discovered and went long on Sea Limited $SE today 1500 @ $150.00 share. Wish I had seen this earlier this year but seems to have amazing runway ahead of it based on revenue growth and gaming, finance and ecommerce! Anyone else long in this one? [link] [comments]  |
| Posted: 19 Aug 2020 10:02 AM PDT it is kinda ridiculous but why every time I put stock for selling at a limited price (which is the price at that moment and not higher) then the price suddenly drops and does not hit that? or when I set a higher limit price it never gets there, but if I don't put a limit price and just wait it reaches there? what a fuck is going on, am I hallucinating or what? This shit might have something to do with levelII data ... [link] [comments]  |
| Any good stock forums that has a board for each stock that is better than Stockwits? Posted: 19 Aug 2020 01:01 PM PDT I'm a new trader and while also doing my due diligence have been using Stockwits to see people's opinions on things. Boy is that a mistake. I've quickly learned that people on there basically just say whatever they want to happen, not what they think will. Is there any similar forum that has actual honest discussion and not just people trying to manipulate things? [link] [comments]  |
| The threat of delisting Chinese Stock is not as bad as it seems Posted: 19 Aug 2020 12:21 PM PDT So many people on this sub have ask this question and are worried about investing into the shares. Delisting in NYSE doesn't mean the company disappears from the public trade and our shares will not become worthless. We simply have to trade them somewhere else. As a European, I don't trade on NYSE anyway. It will likely lower the trade volume of the stock in the short term. There is a political strategic reason why we don't need to worry too much: I don't even think USA will push this agenda too much. China wants to have large corporations to use the Shanghai stock exchange. It increases their economical and political power a lot if NYSE is not dominating the stock market but instead have an equivalent in Shanghai. The fintech Paypal competitor Ant Group is going to do their IPO in Shanghai. This is seen as a breakthrough move. Imagine all the other companies returning to the Shanghai stock exchange. Asian start-ups might also consider listing there. All this would just reduce US power across the globe if they throw the large chinese companies out of NYSE. China is trying to replace the Dollar and gain political and economical power. The stock exchange is just another strategic target. [link] [comments]  |
| QCLN vs ICLN. Whats the better clean energy ETF and why? Posted: 19 Aug 2020 08:30 AM PDT Personally, I really like QCLN becuase it gives me a bit of TSLA without having to take it up the ass, and it's the biggest holding of the fund. and ENPH is a rly solid company that I get double exposure too, as I own a few shares, and they are also present in this fund. I'm big on green energy, and I think that in general, both of these will do well in the future as green energy becomes more central. QCLN gives me exposure to companies I think will be good bets without having to pay out the nose, and casts a wide net, to energy companies that I dont posses. thoughts and opinions? I dont know much about ICLN, but those who do: why do you pick it? [link] [comments]  |
| Posted: 19 Aug 2020 12:46 PM PDT Canadian Investor here. I've been holding BEP.UN for a while now in my TFSA. After the introduction of BEPC, I've been reading up on how it might impact me. However, I'm not quite certain how it would be impacting dividend taxes if it's sitting in my TFSA either way. How would it impact me outside of a TFSA, theoretically? I tried researching myself and even read a thread on this subreddit discussing it, but I'm still not 100% sure. Thanks :) [link] [comments]  |
| Air bnb confidentially files for U.S IPO Posted: 19 Aug 2020 01:52 PM PDT Aug 19 (Reuters) - Short-term home rental company Airbnb Inc said on Wednesday it has confidentially filed for an initial public offering with the top U.S. securities regulator. [link] [comments]  |
| JPMorgan Chase held talks with U.S. Postal Service about installing ATMs in post offices Posted: 19 Aug 2020 01:18 PM PDT JPMorgan Chase, the biggest U.S. bank by assets, has held talks with the U.S. Postal Service about placing ATMs in post office branches. "We had very preliminary conversations with the U.S. Postal Service several months ago about what it might look like to lease a small number of spaces to place ATMs to better serve some historically underserved communities," said Trish Wexler, a spokeswoman for the bank. [link] [comments]  |
| Is it always a good idea to invest in stocks after the market tanks Posted: 19 Aug 2020 01:07 PM PDT Seems sort of self intuitive especially when you think of the idea of "buy low sell high" but in terms of certainty if stocks are going to bounce back or stay down/go lower, is it a good idea? Love to hear your thoughts on this [link] [comments]  |
| Posted: 19 Aug 2020 08:01 AM PDT Not my write up, but I heard about this blog post on a podcast and wanted to share it here. Another Roaring Twenties May Be Ahead We seem to be living in unprecedented times. We always seem to be living in unprecedented times, according to conventional wisdom, mostly because we don't spend enough time studying history. There's certainly a precedent for our current times in the past, one that was truly unprecedented back then. World War I was followed by the Spanish Flu pandemic of 1918, which infected an estimated 500 million people and killed as many as 50 million. Given that the world population was 1.8 billion back then, that implied a 28% infection rate and nearly a 3% death rate. Both stats are currently significantly lower for the COVID-19 pandemic. Today, the global population is 7.5 billion. There have been 20 million cases and 735,000 deaths worldwide as of yesterday. The good news is that the bad news during the previous precedent was followed by the Roaring Twenties. So far, the 2020s has started with the pandemic, but there are plenty of years left for the prosperous 1920s to become a precedent for the current decade. If so, the driver of the coming boom will be technology-enhanced productivity, as it was during the 1920s. Before we go there, let's go back to the late 1700s and recall the grim forecasts of Thomas Malthus. He was the first economist, and he was a pessimist. In other words, he was the first Malthusian. During the late 1700s, he predicted that populations would grow faster than food production; the result would be a regular cycle of starvation and death. He was dead wrong. Agriculture was among the industries that benefited the most from the Industrial Revolution of the 1800s. Technological progress always confounds the pessimists by solving scarce-resource problems. It also fuels productivity and prosperity, as it did in the 1920s and could do again in the 2020s. Consider the following: (1) Technology during the 1920s. In 1920, 51% of the US population lived in cities, up from 23% in 1870. This remarkable urbanization was enabled by innovations in electricity and plumbing. Electric grids provided clean, bright light without emitting smoke. Urban water networks supplied clean water, and sewer systems removed waste without the pungent odors of chamber pots and outhouses. Telephones allowed people to converse with distant friends. Henry Ford's Model T, built between 1908 and 1927, was the first car invented and helped people to live an easier life by making transportation easier and faster. In 1900, just 8,000 motorcars were registered in the US, but there were 9 million in 1920 and 23 million in 1929. Streetcars and subways, unheard of in 1870, were in all the major cities by 1920. Intercity trains were becoming steadily faster and more reliable. Detroit Police Officer William Potts came up with the idea of traffic lights, taking inspiration from railroad traffic signals. General Electric bought the idea for $40,000, and traffic lights soon were everywhere. Ford's assembly line innovation boosted productivity in many manufacturing industries, including the processed food industry. National food brands—including Heinz, Campbell's, Quaker Oats, Jell-O, and Coca-Cola—began to fill cupboards. Refrigerated railroad cars and in-home iceboxes meant that vegetables were available in winter. Restaurants began to proliferate early in the 20th century. When people out and about in their Model Ts got hungry, their options were few, but the first fast-food chain opened its doors in 1919, an A&W (better known today for its root beer). White Castle hamburger stands opened in 1921, and the first Howard Johnson's restaurant in 1925. Increasingly, anything not available in a local store could be obtained by a mail-order catalog. The Montgomery Ward catalog was first issued in 1872, the Sears catalog in 1894. By 1900, Sears was fulfilling 100,000 orders a day, and its catalog featured fur coats, furnaces, furniture, and much more—including homes. Sears sold more than 70,000 mail-order homes between 1908 and 1940. The catalog business was helped along by Parcel Post, which arrived in 1913. Penicillin is considered one of the most important inventions to come out of the 1920s. It was created by Sir Alexander Fleming, Professor of Bacteriology at St. Mary's Hospital in London, after studying bacteria in 1928. The antibiotic kills or prevents the growth of bacteria. The bulldozer—used today in all kinds of construction the world over—was invented in 1923 by James Cummings and J. Earl McLeod, originally to dig canals. Another popular invention found in almost every home by the mid-1900s was the radio. Listening to the radio became a national pastime, and many families gathered in their living rooms to listen to sports news, concerts, sermons, and "Red Menace" news. The phonograph—invented in 1877 and widely used by the 1920s—offered another entertainment option: listening to professional-quality music at home, unheard-of in earlier generations. Outside the home, going to motion picture shows—which were silent until 1927—was a very affordable and popular pastime. (2) Technology during the 2020s. Today's doomsters could be confounded by biotechnological innovations that deliver not only a vaccine for COVID-19 but for all coronaviruses. Scientists are investigating a dizzying array of approaches to fight COVID-19. Hopefully, beyond finding a cure or a vaccine, one of beneficial outcomes of all this research will be that scientists learn many more ways to combat illnesses in general and viruses in particular. Typically, it takes roughly a decade for a new vaccine to go through the various stages of development and testing. However, the urgency of the pandemic has mobilized global medical resources as rarely seen in human history. Billions of dollars, provided by both the public and the private sectors, are funding the global campaign to develop tests, vaccines, and cures for the virus. My colleague Jackie Doherty and I have been writing about disruptive technologies for some time, usually in our Thursday commentaries. (See our archive of Disruptive Technologies Briefings) The awesome range of futuristic "BRAIN" technological innovations includes biotechnology, robotics and automation, artificial intelligence, and nanotechnology. There are also significant innovations underway in 5G for cellular networks, 3-D manufacturing, electric vehicles, battery storage, blockchain, and quantum and edge computing. As I wrote in my 2018 book Predicting the Markets: "Economics is about using technology to increase everyone's standard of living. Technological innovations are driven by the profits that can be earned by solving the problems posed by scarce resources. Free markets provide the profit incentives to motivate innovators to solve this problem. As they do so, consumer prices tend to fall, driven by their innovations. The market distributes the resulting benefits to all consumers. From my perspective, economics is about creating and spreading abundance, not about distributing scarcity." Now consider the follow stats on technology capital spending in the US: High-tech spending on IT equipment, software, and R&D rose to a record $1.32 trillion (saar) during Q2-2020 (Fig. 1). It jumped to a record 50.1% of total capital spending in nominal GDP during the quarter (Fig. 2). Equipment and software accounted for 31.1%, while R&D accounted for 19.1% of capital spending in nominal GDP (Fig. 3). The 1920s ended with a stock market meltup followed by a meltdown. The 2020s may already be seeing a meltup, begun on March 23. We live in interesting, though not unprecedented, times. The Roaring 1920s could be a precedent for the Roaring 2020s. As Mark Twain observed: "History doesn't repeat itself, but it often rhymes." [link] [comments]  |
| My Opinion on Technical Analysis, AMA! Posted: 18 Aug 2020 09:32 PM PDT TL-DR: I'm a former retail Day Trader with 15 years experience. I've also worked as a Professional Stockbroker. I believe that technical analysis is a scam promoted by brokers in order to generate trading revenue from retail traders who are unable to afford access to the real news and data that moves stocks. I'll be online for the next 8 hours - AMA. Important: Please do not PM me asking for my details regarding my website. This is my personal (annonymous) account and I promised I wouldn't give it out/promote services and stand by my word. Post: This opinion is unpopular amongst those who are somehow convinced that technical analysis does work. These individuals either rely on the scam in order to generate their income off the fees generated by retail traders OR have invested so much time and effort into learning technical analysis and the ability to quickly identify chart patterns that they unable to admit they might be wrong. I present this opinion after more than 15 years of trading experience both as a self-employed Day Trader and as a Professional Stockbroker. I am now a Financial Journalist and offer this insight in the hope that it convinces some people to wake up and see technical analysis for the fraud it is. Now before I go on I want to first state that charts, by their definition, offer a visual depiction of historical stock price movement and are therefore very useful when it comes to analysing and researching stocks. Determining an entry and exit point using a stock chart and a few lines here and there is an excellent way of assessing previous levels of support and resistance when done properly and according to the timeframe upon which you wish to hold the stock. Technical analysis is a good tool when used properly to determine the entry and exit price points of a stock that has already been selected to invest or trade using other forms of analysis. In my first 2 or 3 years of being a Day Trader, I was convinced technical analysis was some kind of secret mystery that if mastered would lead to generating consistent profits. I figured that the short term trading of stocks was different to longer term investing and that a different approach was required to be successful. This false and incorrect belief was supported in the official literature provided by my broker in the guise of educational resources and I found plenty of guru's online and in person with very compelling arguments as to why I should pay them money to buy their books, courses, home study kits or overseas seminars. I viewed technical analysis as being a new way of trading stocks. A secret that only a few people 'in the know' knew about and definitely something that could be learned and mastered on its own in order to become a successful trader. Who wouldn't want what I have just written? It sucks people in like a cult - people who just want to learn how to trade which I believe wholeheartedly is a noble and smart endeavour that strikes at the heart of entrepreneurship. I attended seminars, purchased books, downloaded charting software and even stood up in front of a University presentation being conducted by a well known fund manager in an attempt to argue that his proven value investing philosophy was second to technical analysis. I thought it was the most purest form of generating insight into a stock price because it took it 'already took in all of the factors' - whatever the hell that means. I would spend hours each night going through the stock chart of every single listed equity trading in the ASX/S&P 200 index (I live in Australia) and would apply various studies in order to determine what to trade the next day. I'd search for elusive breakouts, stocks that were about to hit previous support or resistance levels. The fundamentals didn't bother me because as far as I was concerned, technical analysis already included that and by the time a retail trader gets word of the news about a stock, it has already moved (there is unfortunately an element of truth in that - read on). I didn't really consider the fact that for a chart pattern to develop, the price must have also already moved somewhat. My false belief as I touched on earlier was supported by my broker and again at the seminars my broker sent me to. In my opinion this was solid information/education because the people telling me were market professionals and much more experienced and educated than I was. I didn't consider that my broker only generates money when I generate fees from executing trades - it never entered my mind that this information could be a load of BS. Thankfully, I had (and still have) a genuine and almost obsessive passion for business and the financial markets. I love reading company annual reports and conducting research and so in between looking at chart patterns and colouring in lines I would also look at the fundamentals of the business out of pure curiosity. As part of this process, I would pick up on certain things that would get me bullish or bearish about a stock - a product launch, a law suit or an industry forecast for example. As I gained experience trading I would slowly place more and more emphasis on the fundamentals until one day I saw the light. A stock moves either up, down or sideways. Generally up or down - therefore, any type of analysis is going to be correct roughly 50% of the time. I would view all my profitable trades as solid examples of correctly applying technical analysis and I would view all loosing trades as being mistakes. For me, tefhncial analysis was perfect and when it didn't work it was because I hadn't properly applied it. After about 2 or 3 years of trading using technical analysis exclusively, I began incorporating more and more fundamental analysis and kind of broke even most of the time. I worked as a Security Guard part-time to fund my life, but my full-time job and career was trading. I say this because for the first few years I really didn't make any serious profits, though I didn't lose much either so I kept persisting. In my 4th or 5th year of trading I did well as I incorporated more fundamental analysis and less technical analysis but during the GFC in 2008 lost a fair bit of money. I returned to doing security work but still kept trading. Then I came into quite a bit of cash, quit my job and became a 'full-time trader' where I subsequently lost around $80,000 in one year. I was devastated and about to quit everything and go back to being a security guard when I received a telephone call from Bloomberg one day offering me a free trial of their Professional terminal. I had no idea the cost and didn't ask. The operator figured I was loaded since I had spent $80k on the market in a short period of time and had set-up a Pty Ltd / LLC company for taxation reasons. Within a few hours a courier arrived at the door with a colourful keyboard and a fingerprint authentication device that looked like something out of a 007 movie. I downloaded Bloomberg and switched on the terminal. My life pretty much changed that moment. I now had access to the exact same financial news, economic data and research enjoyed by Wall Street brokers. As I said before I didnt quite understand what I had, but as I was about to quit everything anyway I genuinely didn't care. I still remember receiving a breaking news alert on the terminal within the first few moments regarding the very first Takarta airbag recall. I decided to short the stock as a test trade and within the next few months that position alone paid for the next 2 years of terminal access. I couldn't believe the power I now had and I lived it up big time. I travelled to China, Hong Kong and stayed at luxury hotels. I flew business class and everyone who told me to get a real job and stop gambling on the market now looked at me differently. I had made it as a Day Trader and was now in the class of a 'sophisticated investor ' permitting me to various benefits and investment opportunities. Truth be told, Day Trading even when successful gets a little lonely and boring. I saw a job advertisement for a boutique Stockbroking firm in Sydney and applied using a few years of broker statements and sent my email via Bloomberg's IM directly to the CEO. I had 3x gruelling interviews and got the job. I didnt do too well at being a broker and actually got put in charge of creating a morning news briefing and research reports for clients. It was at this point I realised my real passion in life was writing about financial news and the stockmarket. To cut a long story short I quit my job as Broker and started my own financial news website- which I have never disclosed on Reddit and will never do so in the future - there is no underlying motive for posting this. I just want to say my point if view. As a Professional Broker, we did not use technical analysis unless the client requested it OR when determining support and resistance. It just doesn't work for anything else and the level of research, news, analytics and data made available to institutions is considerably better than what is made available to retail traders. So why is technical analysis promoted so heavily? For a few reasons. Firstly, your broker only makes profit when you trade. It is therefore in their best interest to get you trading and generating fees as much as possible. In order to get you to do this, they must provide you with some kind of motivation or explanation as to why to buy or sell a stock. The financial news industry is quite different to other news and whilst insider trading is illegal- it is far more common than you would think and comes in various shapes and forms. I consider insider trading to be acting on information not made available to the general public right now. For me, that includes a news story that has only been published to a select few people who can afford a subscription that costs the same as the price or a new car. The law has a different definition that favours the elite. I believe that retail traders should have access to the very same information, at the same time, as institutional traders. Organisations such as Bloomberg or Reuters should NOT be allowed to withhold their news stories to subscribers for a period of time like they do. $24k per year for a subscription is ridiculous for most people and places this valuable information well out of reach. This is the kind of information that moves the financial markets - NOT chart patterns resembling a human torso (head & shoulders) or the stars in the night sky (gann). To put it simply: Fundamental Analysis such as news, financial statements, broker recommendations, industry forecasts, product releases, trademark/copyright registrations, dividend announcements, research reports, law suits, fiscal policy, management changes, new regulations, COVID-19, opinion polls, regulatory action, fines and penalties, patent grants, consumer sentiment, predictions for interest rate changes and other economic calendar events - the list is endless. It is these that moves the financial markets - NOT chart patterns! Anybody who has worked in a professional level finance job knows what I'm saying is 100% true and correct. It is only uneducated, uninformed, inexperienced retail traders who buy into the technical analysis BS. Unfortunately, many of these traders either get a few wins and genuinely believe their own hype OR are just excellent liars and choose to promote their BS strategy using very professional looking and convincing arguments. I'm certain many will respond to this post calling me an idiot. I've quit trading and I'm not a broker. I'm an independent financial journalist and have ZERO investment holdings in any listed or non-listed company. I invest my money in AUD because it is my local currency and I own Gold - that's it. I'm 100% independent and I charge $1.00 for 12 months of access to my website which as I said is NOT given out on this reddit account. I've written this very lengthy post to provide some insight into the scam that is technical analysis. I'll be on for the next 8 hours or so, go ahead and AMA if you have questions. Thanks. [link] [comments]  |
| 50k sitting in my IRA settlement account - buy or wait? Posted: 19 Aug 2020 12:23 PM PDT Recently rolled over my 401k from my old job to a vanguard ira. Eventually I plan on putting it all into vti/voo and not touching for 20 years. However, I'm wondering if I should put it all in a 3 month cd or something until after the election given all the uncertainty and the ATHs we are seeing now. What would you guys do? [link] [comments]  |
| Nvidia hurdles $300 billion market cap, which Intel hasn’t topped since the dot-com bust Posted: 18 Aug 2020 01:54 PM PDT Nvidia Corp. is worth more than $300 billion for the first time as 2020 continues to be a watershed year in the semiconductor industry for companies not named Intel Corp. The $300 billion level is a tough one even for Intel, which last saw a $300 billion market cap back in November 2000 as the dot.com bubble burst was in full swing. On Monday, Intel's cap stood at $208.10 billion. For its part, AMD logged its own market cap milestone recently, closing above a $100 billion valuation for the first time earlier this month. [link] [comments]  |
| Posted: 19 Aug 2020 11:31 AM PDT Minutes of the Federal Open Market Committee: From July 28-29, 2020 were just released to the public at 2pm EST.
It's important that people trading stocks read up on the Feds outlook and current plans since much of this market recovery seems to be highly tied to their actions.
You can watch the webcast video here: https://www.federalreserve.gov/monetarypolicy/fomcpresconf20200729.htm Read the FOMC Minutes (summary): https://www.federalreserve.gov/monetarypolicy/fomcminutes20200729.htm [link] [comments]  |
| What Happens If You Purchase a Tesla Share after Aug 21, the cutoff date? Posted: 19 Aug 2020 11:05 AM PDT Tesla has said shareholders prior to Aug 21 will receive four additional shares but what if someone were to purchase a share on Aug 24? Since TSLA will trade on a split basis starting Aug 31, will the share price on Aug 24 will still be around what its trading at now (minus whatever movement occurs)? I'm asking because I will most likely be able to purchase share(s) after the Aug 24 cut off and would like to know how my share will be treated! Let me know and correct me if I'm wrong anywhere! Thanks. [link] [comments]  |
| Are Earnings estimates GAAP or Non-GAAP? Posted: 19 Aug 2020 10:59 AM PDT I've just started learning about fundamental analysis, so maybe this is a "stupid" question.. When I look up the former SEC filings of CSIQ, they reported two different kinds of EPS for Q2 2020: 0.34$ GAAP EPS and 0.09$ Non-GAAP EPS. When I look up this stock in different databases like Koyfin, atom.finance or marketbeat.com, koyfin and atom show the GAAP-EPS as the "valid" EPS, while marketbeat shows the Non-GAAP EPS as the valid EPS. Of course the GAAP EPS beats the consensus estimate of -0.04$ per share much more than the Non-GAAP EPS. I've tried to find out whether analysts estimates refer to GAAP or Non-GAAP and investopedia also explains what the difference between those two is, but I couldn't find an answer to my question. I would really appreciate if any of you could enlighten me a bit! [link] [comments]  |
| Posted: 18 Aug 2020 07:42 PM PDT Don't forget to take breaks, take care of yourself. Don't take on so much stress from this facet of modern life that you forget what's important. This will help keep you from making emotional, nonsensical decisions as well! Beneficial in the long run! Balance. Find good balance. Just a reminder. Have fun everybody :) [link] [comments]  |
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