Daily reminder that it is impossible to beat the market over time. If you’re buying individual stocks you’re taking on way too much risk for what will end up being underperforming results. By simply passively investing in a broad market index fund you can capture all the returns of the entire market without any company specific risk. All stock pickers eventually underperform. Even Buffett has been getting his ass handed to him by the market
>started stocks for the first time in my life back in October >Only money I had was from a part time job in summer >Because of mistakes and issues with my broker app i lost $700 >I realize that the only winning move is to pick 1 really solid, well researched stock and to dump into a guaranteed win >Have held onto GME and have made up what I lost + 1k
I feel like I finally understand this shit. I'm not as giddy as I was when I started, i gotta look at this like a part time job. The real game begins after we coom to the moon
Good chance to buy into KURA. Not many dips so consider this your cyber Monday gift. They have a literal fuckton of KRAS patents under a variety of uses so the further out the expiry, the more $ you stand to make... But even calls 2 weeks out will print bc the dips are always gobbled up quick
SRAC is up but still pre-moon, if you're looking for a shorter timeframe (
yes all stockers eventually underperform but this is not one of those years. I have several 30-40% stocks this year and a global index fund has returned 3%. My worst performing stock is AT&T I lost 10 dollars out of 25k portfolio.
Eli Robinson
ROBLOX when it list, guaranteed to either dump hard or pump hard meme energy only
Eli Cruz
And yet boutique investment banks somehow beat the market, huh interesting how if you actually do some research the propaganda that mutual funds and billionaire shit out doesn't hold up. The more passive investors in the market, the more money active investors make. Kill yourself.
Logan Scott
>LIDAR for autonomous vehicles LMAO, this could be a bigger meme stock than NKLA and SPCE. Make sure to dump it after retail investors flood in.
Jaxon Murphy
(You) # >Technical analysis is a waste of time. it matters a lot in short-term, that's what i've learned with the GME rollercoaster so I'm not ignoring TA anymore. TA -> short-term FA -> long-term
No it doesnt matter. 100 people doing TA on the same stock will split 50/50 on where its going. Its a total waste of time.
News moves stocks. Set news alerts
If you are doing TA in 2020 you are late to the moves and news has already dropped
Caleb Price
That's why I deliberately do stupid meme purchases, so I don't fool myself into thinking I'm actually good at this.
Angel Johnson
Ah, too bad. I was hoping there was some useful information other than buying memed moonsoots.
Ryan Peterson
>PLTR down less than all the other meme stocks comfy
good, sold all my meme stocks, give me them cheapies
Nathan Wright
Oh man DOW is rolling again
Bulls BTFO
Juan Morgan
bros the show Industry is YA and ass eating and drug-doing and "woke" and millennial and there is all this 21-century vaporwavy synth music, BUT!! I was up till 5am watching it, and it was pretty good. it has a neat atmosphere to it, and when the main characters were saying "I will buy some calls" I actually kinda knew what they meant. anyway check the show out.
Well of course, his advice doesn't really apply to wanna be traders here.
However, for people who have lives, or want more conservative investments outside of their trading meme stocks, his advice is 100% correct. (Although I prefer running with a few well proven funds)
Jace Lopez
hold, ark news might come tonight
Hudson Fisher
New jersey lockdown
Bentley Fisher
>Its a total waste of time. >ngmi You should be doing fundamental analysis, sentiment analysis, and technical analysis on every trade you do. You should not be relying on technical analysis, or making trades solely on technical analysis, but taking positions without doing TA is like going for a picnic without checking the weather forecast Algos, traders, institutions 100% trade on technical analysis. At the very, very, VERY minimum, look at 200 day SMA
Gavin Anderson
There seems to be resistance around 92.45
Nicholas Sanchez
you know this is statistically impossible, right? Of course you can beat the market. Perhaps you find a trend that outdoes the market, such as the fact that founders in control of their companies outperform by multitude (2x, 3x, 4x) the average company.
Buffett is still way ahead of the wider market, considering his early years.
But its also statistically impossible for everyone to outperform the market, obviously. there are winners and losers here. A great deal of wealth may be best invested in passive market index funds
Joseph Fisher
>
I'm not a trader, I have bought and held boring stocks with literally zero risk and they are all up 30 - 40%.
I agree with his point usually but if you held global index funds this year you are a retard. free money everywhere
I use TA for determining where to buy and where support may be in a STABLE market when the dow is flat. Its useless when the dow is cratering or mooning.
Technical analysis does not determine wether a stock will go up or dow. Never has
Lol I bought KURA because I saw it on Martin Shkrellis prison blog.
Colton Anderson
my buddy bought at 13 or so and sold recently. I'm holding out for 10+ years ideally.
Julian Thompson
easy after hours pump as always
Christopher Rivera
saw the preview for this and my retarded coworker unironically said some shit like "that's what I want to be doing, making money" he doesnt know the real way to make money is to lurk this general, do trades while naked at home, and fap to the lines
Nolan King
GME eow predictions? Deciding if i should sell my 1/15/21 15c call today or later this week.
Gabriel Perez
there was a 15% dip a month ago. this dip is currently 10%. could go lower
Colton Wilson
HEXO $1 Jan 2021 calls are fucken cheap and this bitch is moving.
Benjamin Smith
Palantir will be the little green ship in a sea of red in December
>his advice is 100% correct No, it's not, it's based on the flawed premise that gains aren't compounding and that under performing later in life, like Buffet is somehow negates the earlier over performance gains which are much more meaningful.
It's almost impossible for me to have a lower lifetime performance than if I just held index ETFs and it would take nearly everything I own, which now includes index ETFs, going to zero. I've outperformed the entirety of SPY since inception. I nearly have more in cash now than my original investment.
