• Breaking News

    Thursday, February 25, 2021

    Stock Market - WARNING: IF YOU CLUTTER THE SUB YOU WILL BE PERMANENTLY BANNED

    Stock Market - WARNING: IF YOU CLUTTER THE SUB YOU WILL BE PERMANENTLY BANNED


    WARNING: IF YOU CLUTTER THE SUB YOU WILL BE PERMANENTLY BANNED

    Posted: 25 Feb 2021 05:05 AM PST

    Enough with the memes, shitposts, screenshots, pump posts, etc. If you want to post memes and garbage non-stop, go to WSB. This sub is for discussion of stocks and the stock market, with occasional funny memes, not for 1000 shitty memes and screenshots of your Robinhood account with occasional discussion of stocks and the stock market.

    We don't need 50 posts about GME and AMC today. We don't need to see your sweet gainz. We don't need your shitty penny stock pump post. We don't need your crosspost to your own WSB clone sub. We don't need a link to your shitty YouTube channel/website/Twitter selling a trading course to your 67 subscribers. We don't need another "I made a wsb sentiment tracker website plz love me!" post.

    Post something useful and flair it correctly. If you don't, you will be banned.

    You have been warned.

    Everyone else: please report posts that violate these rules as much as possible so the automod will remove them.

    submitted by /u/ghostofgbt
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    GME, AMC. S0S, KOSS, PLTR, WKHS all were targeted by shorts today. Some were sold short way beyond the actual amount of shares that even exist for trading.

    Posted: 25 Feb 2021 03:10 PM PST

    The real reason stocks are going down

    Posted: 25 Feb 2021 05:35 PM PST

    Nerds On Site - Q2 results are out + potential big partnership that could make them the next Geek Squad.

    Posted: 25 Feb 2021 09:49 AM PST

    Hi all, Nerds On Site released their Q2 results this morning and thought I would share some ideas I have about this company and their short and long term outlook. This topic has received a lot of attention in another sub and thought I would gauge sentiment here as well.

    Q2 report from this morning shows profits up 7.7% which isn't anything major but what is interesting to me is the fact that they leaned out operations, cut operating overheads and improved gross margins by 22.5%.

    This is important because there is a lot of buzz around a potential partnership being announced between Staples Canada and Nerds On Site, which could have a significant impact on their revenue. A lean operation with healthy gross margins is what we're looking for in a company that is positioned to scale up revenues.

    Here's a little more about the potential partnership:

    There was a recent press release from Nerds On Site regarding a potential partnership with a large Canadian tech partner. There was rumours about this being a partnership with Staples. The writing was on the wall when some redditers found google results linking to a Staples services on the Nerds website which was then quickly removed due to what is believed to be an NDA between the parties.

    A potential partnership would be extremely strategic for Staples and even more so for Nerds On Site.

    If we look at the Best Buy and Geek Squad relationship for reference... Although Best Buy doesn't report separate financials, my research indicates that Geek Squad is responsible for 5 to 6% of Best Buy's $40+ Billion a year of revenue. That puts Geek Squad at the $2 to $2.5 Billion a year range in annual revenue with reports of gross margins being in the 40 to 50% range. This makes Geek Squad the single biggest asset Best Buy ever acquired.

    Circling back to Staples and Nerds On Site... It's hard to pin a number on Staple's annual revenue as they were recently privatized. General research puts the number at $2.5 Billion a year in Canada. If we do the relative math, this puts the partnership potential for Nerd On Site at $125 Million annual revenue in Canada.

    Here's why I think the revenue potential for Nerds On Site is actually even higher than the direct comparison above.

    Staples' customer base is unlike Best Buy's. Whereas Best Buy focuses on consumer electronics, Staples' focuses on the SME customers. Staple's customer base is much more likely to convert for managed service offerings than Best Buy's customers would. Given that the customers are SME's and Enterprises, the average order value and life time values of these customers will be much higher than that of retail consumers. Nerds On Site if perfectly positioned to capture this opportunity as the SME and Enterprise segment is what they have been focused on since 1995.

    Here are a few other items that have me super bullish on this stock...

    1. The operators / founders of this company did a pure play IPO to list this company. This wasn't some reverse merger or shell game, print a ton of shares typical exit scam we've come to grow accustomed to in the small cap space.
    2. They have been focused on slowly and steadily expanding the business vs pumping the market with press releases to artificially inflate the stock prices. These guys are here to build a business and not pump a stock. This company is fundamentals driven. (This is extremely important and here's why....)
    3. The founders and insiders own most of the stock for this company. The majority of the stock is restricted with very little float. The slightest buy volume will send this stock soaring (as seen in the last week), if the market literally sneezes on this stock its going to the moon... and there isn't a bunch of stock jockey insiders foaming at the mouth to cash-out and unload into the buy volume.
    4. The company has been around since 1995, has 95% customer satisfaction rating, currently does $10Mil a year in rev and is positioned to scale hard and fast in Canada and the US.
    5. Their service offering works perfectly with the economic macros (Covid / Post Covid trend) of leveraging technology for seamless remote work forces, which also alines with Staple's customer base.

    These are all catalysts for massive moves in the short term... but here's why I'm super bullish on the long term outlook as well.

    If Nerds On Site sees an initial pop on their stock price (which already seems to be happening), they will have real stock currency to go on an M&A spree acquiring smaller regional players in their space. The way their platform works (how they acquire and train nerds) will lend itself to quickly and seamlessly acquire the smaller players and convert them to the nerd model. This is very important because they can essentially buy revenue. This additional revenue on their books will quickly pave the way to a Nasdaq listing, which is where this company belongs.

    This is one of the few companies that truly belongs on the Nasdaq. It's a pure play technology company with great fundamentals and just needs the catalyst to scale. (That catalyst seems to be coming in a big way).

    Here's why I think there's a planned path to the NASDAQ for this company:

    Doing some additional DD, I pulled up the current board members of this company and did some research on the names. Two in particular were very interesting.

    1. Kevin Ernst: spent 8 years serving as Managing Director for the NYSE Euronext/NYSE Amex. Also worked with Merrill Lynch.
    2. Nicole Holden: Assistant Chief Auditor at The Public Company Accounting Oversight Board. (This organization does public company audits for SEC).

    It wouldn't make sense for these two seasoned individuals to sit on the board of this company unless there was a plan to up-list this company. Judging from their experience, they certainly aren't on the board due to their stellar computer repair skills.

    If the roadmap plays out the way I'm seeing it, this stock has the potential to go well north of $5 in the long term and a few dollars in the very (very) short term.

    Thought I would share my DD on this. Please do your own research!

    Cheers,

    Christian.

    submitted by /u/christian9659
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    Airbnb Reports $4.6B Loss in 2020 Earnings

    Posted: 25 Feb 2021 02:46 PM PST

    Today I learned an important lesson

    Posted: 25 Feb 2021 04:25 PM PST

    I'm in the market since about one month now. It's a fascinating world to me and I read and gather information wherever I can.

    About 18 hours ago, my friend messaged me a chart of the spiking $GME chart. I wasn't sure about it, thought about it, and went in. I knew it was gambling and i'm not rich, so I bought one share about 10% lower than the peak was. I wanted to know what it feels like to trade short term.

    It was fun until NY opened, I was up about 20€ when it all came down for a first dip. It fell from 145 to about 92 in 10 minutes. My stop loss at 100 was useless, since my broker Trade Republic wasn't updating. I just saw the 92 there for at least 15 minutes, not knowing what was happening. I reset the app and set a new stop loss and was lucky to end up at 102, losing 12€ only after all.

    Although I didn't have a huge sum in there, when the graph fell, I felt awful. I was sweating, couldn't take my eyes off the screen and was in genuine distress and I told myself, that I never ever want to experience this again. The fact that it was gambling, the fact that I knew that and that I still bet money actually shames me. I'm not doing short terms anymore. I'm back to long term my ETFs and few core shares.

    I learned a lesson today. Trading is not for me.

    submitted by /u/TraditionalAirport85
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    Why is AMD doing dropping like a stone?

    Posted: 25 Feb 2021 08:23 AM PST

    AMD has ultra strong fundamentals for $120 (currently in the 80s), their main competitor has been proven to be falsifying benchmarks, and not a single gamer/modder is using an Intel chip right now. NVidia are moving into new markets, but come on...... I don't understand the loss. I only play long (except for small amounts in fun stocks), so I'm not gonna realise a loss, but the volatility suggests the investors don't understand the industry AMD is working in.

    Edit - Seems like my post isn't quite long enough for the Auto-mod, so let me elaborate. I am a C level exec in a multinational company that operates a significant proportion of their business in the eSports/gaming industry, former ACSI financial advisor, and not a diamond hand gorilla (not gonna lie, I've got 2 shares of GME at about $70 and about 36 AMC at about $10 average, but that's just to follow the madness). I understand the industry, and don't understand the falling price! Any ideas?

    Edit - changed "market AMD is working in" to "industry AMD is working in", as it may have caused some confusion.

    submitted by /u/GTATurbo
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    Rocket Companies ($RKT), who owns Rocket Mortgage, is a slam dunk

    Posted: 25 Feb 2021 04:23 PM PST

    Rocket Companies (ticker RKT) is Rocket Mortgage, the online mortgage broker launched by Quicken Loans in 2015.

    RKT had their Q4 earnings released today, and as of market close were trading at $19.90, and $20.90 as of this post during AH.

    First, let me briefly mention that RKT has been shorted like CRAZY and as of the last Short Interest report on Feb 9th, RKT has AT LEAST 31.32% shares short. That makes it a great target for a (probably small) short squeeze, even if temporarily.

    Before you get too excited and start treating this like a Meme stock, read on about why this is a fantastic investment even without considering Short Interest.

    Rocket's Q4 results COMPLETELY knocked it out of the park with $4.8 billion Adjusted Revenue (up 162% YOY) and $2.3 billion Adjusted Income (up 350% YOY). See Yahoo article here

    Last month, Rocket also announced their new online National Mortgage Broker Directory that allows/assists people to find an in-person mortgage agent to help them purchase their home. It's an alternative to fill the need of the people who prefer in-person contact over filling out overwhelming checkboxes and blanks online.

    They're also now adding a Special dividend of $1.11/share, announced today with their earnings.

    RKT has been trading way under an average PT of $24.68 ($18-$35) by 14 analysts on Yahoo! Finance way before these new earnings results, so it was already trading at a discount.

    For the better part of the last 6 months it has traded consistently between $19-$24. It's primed for a jump even without any of this news.

    TL;DR- buy RKT. It's cheap, is massively shorted and has GREAT financials. And a Special dividend. Plus, their name is Rocket.

    submitted by /u/MasterTmax
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    Here is a Market Recap for today Thursday, February 25, 2021

    Posted: 25 Feb 2021 01:46 PM PST

    PsychoMarket Recap - Thursday, February 25, 2021

    Stocks plummeted Thursday as a spike in Treasury yields spooked equity investors. The S&P 500 (SPY) and the Dow Jones (DIA) fell by 2.4% and 1.73% respectively. The tech-heavy Nasdaq fell by 3.5%, recording its worst day since October 2020. In other news, "meme stocks" favored by retail traders in Reddit and other social media users surged once again, with shares of Gamestop (GME) spiking more than 150% in the last two days, reigniting rumors that the short-squeeze is back on. The reasons behind the latest surge or unclear. While we will always support retail traders' right to freely invest in the equities they choose, we recommend a lot of caution if you decide to open a position here.

    US Treasury yields rose to fresh one-year highs, breaking above 1.45% for the first time since February 2020. As a reminder, the Treasury yield represents the return on investment, or the interest, the US government is willing to pay out on their debt obligations, such as bonds. For example, if a person buys a Treasury bond with a 10-year expiration, they are lending the US government money with the expectation of being repaid the face value of the bond, plus some interest (which is the yield). In practice, higher yields make money more expensive to borrow and bonds more attractive, putting pressure on equities, especially high-growth equities like tech stocks that rely on the ability to borrow lots of money.

    During his semiannual testimony on monetary policy this week, Chair of the Federal Reserve Jerome Powell tried to temper fears over higher rates and inflationary pressures. He said, rising Treasury yields are a statement of confidence on the part of markets that we'll have a robust and ultimately complete [economic] recovery." Powell's logic seems to be that higher yields in the 10-year notes are positive because it means investors are willing to bet the US economy will be able to pay them back plus interest when the timeframe of the bond expires.

    Furthermore, Powell reaffirmed that the Federal Reserve was going to maintain its current accommodative policy posturing for the time being, keeping benchmark rates near zero and asset purchases at the current pace of $120 billion per month. He said, "The economy is a long way from our employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved. We will continue to clearly communicate our assessment of progress toward our goals well in advance of any change in the pace of purchases."

    Highlights

    • Shares of Twitter (TWTR) spiked after the company announced plans to introduce a subscription service for content creators and said it looks to double its annual revenue and accelerate user growth over the next few years. One of the only stocks to perform well today.
    • Boeing Co faces a new fine from U.S. regulators as part of an expected settlement with U.S. regulators over quality and safety-oversight lapses going back years. This comes shortly after a Boeing 787's engine caught fire mid-flight. Boeing will also have to inspect and retrofit existing 787 Dreamliners, which could potentially cost the company billions of dollars.
    • Coinbase Global made public on Thursday the prospectus for its much-anticipated initial public offering, setting up the company to possibly launch its IPO in March. Coinbase in the largest cryptocurrency exchange in the US, with more than 43 million verified users last year, up 34% from 32 million users in 2019
    • Target (TGT) is creating enclaves for Apple (AAPL) products at its retail stores that would double the space for the tech company's products in certain Target locations.
    • China's Geely Automobile and its Swedish sister company Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations and expand cooperation on electric vehicles, the companies said.

    Price Targets are Written in the morning premarket and do not include intraday movement * Booking (BKNG) with two target raises. Stock currently around $2443 * Barclays from $2229 to $2710 at Overweight * Miuzho from $2345 to $2700 at Buy * Elastic (ESTC) with a host of target raises. Consensus price target around $190 with Buy rating. Stock currently around $156 * Fate Therapeutics (FATE) target raised by Mizuho from $88 to $109 at Buy. Stock currently around $95 * Guardant Health (GH) target raised by Cowen from $140 to $190 at Outperform. Stock currently around $162 * L Brands (LB) target raised by Deutsche Bank from $61 to $77 at Buy. Stock currently around $51 * Mattel (MAT) target raised by JP Morgan (JPM) from $22 to $27 at Overweight. Stock currently around $20 * Nvidia (NVDA) with a host of target raises. Consensus price target is $660 at Outperform rating. Stock currently around $580 * PDC Energy (PDCE) target raised by JP Morgan (JPM) from $30 to $47 at Overweight. Stock currently around $33.50 * Arcus Biosciences (RCUS) with two target raises. Stock currently around $35 * Mizuho from $40 to $43 at Buy * Barclays from $40 to $45 at overweight * Revolve Group (RVLV) with two target raises. Stock currently around $37 * KeyCorp from $42 to $47 at Overweight * BTIG Research $41 to $50 at Buy * ViacomCBS (VIAC) target raised by Needham & Co. from $55 to $80 at Buy. Stock currently around $65.60

    "The four most dangerous words in investing are: 'This time it's different." -Sir John Templeton (Cannot emphasize how important this is, take a step back and gain a broader perspective. The market moves in cycles, look back to move forward, we have experienced pullbacks like this before)

    submitted by /u/psychotrader00
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    My Watchlist For 2/26/2021

    Posted: 25 Feb 2021 05:36 PM PST

    Best Buy just laid off 5,000 workers and will close more stores

    Posted: 25 Feb 2021 10:13 AM PST

    Best Buy said Thursday that it laid off 5,000 workers this month and is planning to close more stores this year as more consumers buy electronics online.

    The news comes at a time when big chains face growing competition from Amazon and other sites that sell items like TVs and laptops. Fry's Electronics said Wednesday that it would abruptly close all of its stores overnight, ending nearly four-decades in business.

    https://www.cnn.com/2021/02/25/business/best-buy-store-closures-workers/index.html

    submitted by /u/Riveraj082
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    #AMC ITS ALL IN TOMORROW ��

    Posted: 25 Feb 2021 06:48 PM PST

    Rocket Companies Experiences Explosive Growth, Revenue Increases 144% year-over-year to $4.7 Billion in Fourth Quarter, Company Announces Special Dividend of $1.11 per Class A Share of Common Stock

    Posted: 25 Feb 2021 05:14 PM PST

    Coinbase files to go public via direct listing

    Posted: 25 Feb 2021 04:43 AM PST

    Why do bond yields rising matter?

    Posted: 25 Feb 2021 03:09 PM PST

    Why does bond yield rising matter? I've read that it's because of expectations of inflation and the increase of interest rates to combat said inflation.

    Higher interest rates hurting the stock market makes sense. Bond yields going up in anticipation of inflation makes sense as people don't want to to buy bonds when there is high inflation, which increases yield prices

    But does bond yield prices DIRECTLY affect the stock market? Or is it just that as expectations of inflation increase, bond yields go up and the stock market is also hurt, tho not by bond yields going up.

    So is the real problem the expectations of inflation and ensuing increase of interest rates and not the bond yields going up?

    submitted by /u/Django_lover
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    Clock vs. GME Gamestop

    Posted: 25 Feb 2021 06:19 PM PST

    As the US marches toward Pot legalization --

    Posted: 25 Feb 2021 06:39 AM PST

    Cannabix Technologies Inc. [ US OTC: BLOZF​, CSE: BLO, Frankfurt: 8CT ], a technology company, is developing a Marijuana Breathalyzer for law enforcement and workplace employers in North America.

    Today, they offered this Press Release about development progress:

    http://www.cannabixtechnologies.com/news-releases.html

    These are drug-testing devices that will use breath samples to detect THC at roadside and identify drivers under the influence of marijuana. Cannabix Technologies Inc. is based in Burnaby, Canada.

    In January 2021, Cannabix was awarded their first U.S. Patent, and their stock price immediately doubled. Also early this year, the Alipour Medical Centre, an occupational health clinic in Newport Beach, California, will begin beta testing Cannabix's version 3.0 THC Breath Analyzer.

    submitted by /u/Ameripic
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    Ebang International Holdings (EBON) Bull Run of the Galaxy!!!

    Posted: 25 Feb 2021 09:11 AM PST

    Ebang International Holdings (EBON) Bull Run of the Galaxy!!!

    Ebang International Holdings Inc
    NASDAQ: EBONDATE: 02/25/2021

    EBANG International Holdings Inc. is a relatively lesser-known company in the realm of crypto. Sitting at an 1.02B market cap and share price of $7.36 USD, it is not nearly the smallest player, however when compared to MARA and RIOT with respective 3.53B and 3.14B it is clearly undervalued.

    What does Ebang International Holdings Inc do and make them different?

    Ebang is creating a vertical platform for crypto and it will save a lot of money. The best part is there will be multiple channels of cash flow.

    FINANCIALS (Unaudited Results for the first six months of 2020)

    June 30, 2020Total assets: 75,076,267Total liabilities: 57,658,628

    December 31, 2019Total assets: 82,611,046Total liabilities: 57,040,422

    REASON ONE
    Ebang is an ASIC Chip Designer/Crypto Miner Manufacture

    "Ebang International Holdings Inc. is a blockchain technology company with strong application-specific integrated circuit (ASIC) chip design capability. With years of industry experience and expertise in ASIC chip design, it has become a leading bitcoin mining machine producer in the global market with steady access to wafer foundry capacity.

    With a shortage of ASIC chips globally, manufacturers just aren't manufacturing enough products for everyone. This even includes Nvidia, which is gigantic. Nvidia even released their CMP HX chip for mining.

    Ebang next gen miners are set out to be released soon 2nd Quarter of 2021 utilizing their 8nm/7nm ASIC Chip. With Crypto being more popular, it's very likely the chips have been overclocked to boost overall performance to squeeze everything they can push out.

    R&D: Currently designing 5nm ASIC Chip

    Reference: https://www.nvidia.com/en-us/cmp/Reference: https://www.asicminervalue.com/

    Important Note: Ebang newest miners are not released yet and probably is going undergoing some tweaks prior to their release due to BTC sudden bullrun.

    REASON TWO
    Ebang is a Server Farm

    Ebang started machine hosting in 2017 and as of 2021, they have expanded. Crypto miners can be rapidly deployed and can be set up in about 1 day. It's expected Ebang new crypto exchange will be hosted by Ebang datacenters too to reduce cost in maintenance.

    REASON THREE
    Ebang has its own Crypto Exchange. With Coinbase valued in the billions, it's possible that their exchange can attract a small percentage of these users too.

    Coinbase's market cap the week after its IPO will be around $63 billion, this is huge!

    Reference: https://www.bqintel.com/post/coinbase-revenue-profit-201Reference: https://www.forbes.com/sites/jeffkauflin/2021/01/29/coinbase-investors-say-it-could-hit-100-billion-valuation-when-it-goes-public/?sh=bee56c95b50f

    Logic Theories: For 2020, there's definitely a huge impact from COVID-19 as noted from their CEO. This has definitely impacted their business. Cash holding is definitely down significantly probably due to future investment of their crypto exchange and upgrades in their mining host services (This can be seen by their non-current assets report). Property, plant and equipment net is 13,224,761 in 2019, compared to 20,904,153 in 2020.

    Their current liabilities for their debts seems to be completely repaid but there was an increase in their long-term loans - related party, meaning they did this to clear up some credit to increase new investment for new projects.

    Without a doubt, I believe Bitcoin will easily hit $75,000 per BTC to $100,000 per BTC. So for the next 6 months to 1 year, EBON is definitely going to be a BUY.

    Bitcoin is NOT A FAD, if it was it wouldn't have come back this strong. Numbers don't lie and Square/PayPal/Tesla have already invested into Bitcoin, why? Because more people are starting to notice it, more countries are using crypto integration with their payment systems.

    Google Trend as of 02/25/21

    Projected Route as of 02/25/21

    EBON Price Target: $12.00 USD (Realistic Estimation)EBON Estimated High: $35.00 (This number is relatively high because until Ebang finish their exchange and get a high rate of customers, this won't happen)

    EBON RISKS: The only thing that can ruin everything for EBON is if BTC crashes below it's profit point under the value of $25,000 per BTC and we all know that's not happening anytime soon because hedge funds and ETFs are holding to keep values up.

    This does not constitute financial advice, as with all investments it is your financial responsibility to conduct your own due diligence and ask whether the investment aligns properly with your short-term and long-term strategies.

    submitted by /u/LogicTheories
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    Coinbase Could Go Public as Soon as March

    Posted: 25 Feb 2021 08:36 AM PST

    What does the $FRX say? Brrrrrr... Why the Shaq Spac is under valued

    Posted: 25 Feb 2021 07:08 PM PST

    Good time to have $BYND

    Posted: 25 Feb 2021 07:58 PM PST

    A long story to the bottom

    Posted: 25 Feb 2021 04:12 PM PST

    All started from the meme stocks ... And from a friend I learned about crypto just a few months ago (yeah I'm actually kinda dumb and had no clue about the stock market or crypto till now). So splash 💦 1k into doge during the meme trend pump . Panic sold at a loss of 500🔥 . Thought hey it's okay I'll just put some in other coins I divided 1k into others zil,ada, doge, and sol. All in red now .

    Come meme stocks during that wave of weed stocks after gme 400 in tlry boom lost 100. Lost other money too then gme second wave strikes I'm so in the red I'm now desperate to break even from the start of losses I've had this month from meme stocks. And thus splash 💦 lost another 200.

    I'm writing this to help me out to at least know that I'm not the best at stocks and the hope of making it big is just too much for me. I really really would like to invest and have my money grow but sadly I have no clue what to do where to throw my money at and how much . Don't worry I didn't lose my life savings or anything just a sore loser does it better ? Can anyone help give some advice?

    submitted by /u/Alternative-Chair535
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    Looking for some guidance on a strategy ***NEWBIE

    Posted: 25 Feb 2021 06:21 PM PST

    Looking for some guidance on a strategy ***NEWBIE

    So... I thought I had this figured out but hope that someone can confirm or help me out. Been looking at doing some small scalping/day trading. My dilemma is as follows.

    1. The stock jumps from .005 to .01 regularly throughout the day... without fail. Has been doing it all week. Graph is as follows,. *** I'm aware this could stop at anytime... but the volume has been goooooood. Had my eye on 3 stocks like this today.

    https://preview.redd.it/yoyuhpq6fqj61.png?width=1275&format=png&auto=webp&s=246a2945d647cdac0a53f1c9c6637e84f9133b9a

    1. My plan was to purchase 120,000 shares at 0.005, with a profit limit at 0.010. Calculated at $600 profit (minus fees, see next point)

    2. Fees caught me a bit off guard. I hadn't looked into it fully, and fees would have been just over $100 due to decreasing liquidity in the market (if I read that right). 0.0008 per stock and other fees.

    3. This would have made net profit just under $500. I traded on paper all day, and was successful multiple times. I'm aware that the SEC only allows 4 day trades a day before restrictions for every 5 business days. My plan was to do this 4 times per week and take the rest of the week off. Despite being optimistic, I'm aware there still is risk. I could be stuck with a buttload of useless shares. OR possibly my sale wouldn't go through as there wouldn't be someone to buy. Today wouldn't have presented that case, I would have been able to successfull 4 times. And that's all I really want right now.

    4. Am I missing something? Is there something that I'm missing that will completely fuck me because I'm an idiot noob?

    Any help would be MUCH appreciated. Not looking to make billions here. Just looking to take some small advantages of consistent small swings in stock like the one above. Looking forward to learning.

    Thanks for reading.

    submitted by /u/YO_TEACH_EH
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    $LESL AND $POOL are about to have great years. The South is out of pool supplies and demand is ⬆️⬆️⬆️

    Posted: 25 Feb 2021 07:35 PM PST

    I have over $15k portfolio value, but I still don't know anything about stocks

    Posted: 25 Feb 2021 02:55 PM PST

    Hi. Thank you advance for reading this!

    To be brief, I want to know more about economy, stocks, etc... I have a full time job outside of all this but love trading when I can. My goals are to reach $25k+ capital so I can pattern day trade, and support businesses that are involved in things I believe in and support. Day trading is super fun when I'm allowed to do it (SEC) - when I have a few hours free and just stick my nose in things. I've been doing it for two years but so far haven't caught a break. I miss everything. I'm uneducated. Noooooob.

    I either have big gains, big losses, or break even. I don't have slow and steady stuff in my portfolio.

    My questions is this: how do so many other [Redditors] know so much about things like:

    "Dollar velocity expected to increase as the economy reopens, which will further quicken the effect of inflation."

    Where do you learn these things? What are some simple tools a guy like me, working, with three kids, can use to track the things I'm interested in? Like this whole $GME debacle: I didn't know ANYTHING about it until it was over.

    Thanks in advance for helping this derp get more smarter.

    submitted by /u/envesten
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    So I've been doing margins with RH without any issue, but fidelity gave me this notice. Uhm. Soooooo are they gonna sell all my stocks tomorrow or what? I thought I'd just pay interest. :x

    Posted: 25 Feb 2021 05:02 PM PST

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