The Rokslide Stock Traders Thread

[eddielasvegas]

...Hypothetically if a guy had $5-10k sitting idle what should the first step be??

Well, given the below, I'd wait for a few weeks as this just might be the beginning of the bloodletting that is coming.


Eddie

 

[CorbLand]

I used to frequent this thread alot more at the beginning of the year then kinda forgot all about it, very interesting stuff to say the least. Cool to see roksliders doing well. I have a couple of the “investment apps” with very little $ in anything but am not 100% opposed to putting more in. If anyone has any tips or pointers I’m all ears, feel free to pm. With this being new to me it seems overwhelming.

Hypothetically if a guy had $5-10k sitting idle what should the first step be??

Open an account with one of the big platforms (Fidelity, Vanguard, Charles Schwab)
Decide what type of account is going to be best for you (Brokerage, Roth IRA, Trad IRA)

Then decide your risk tolerance and invest accordingly.

 

[eddielasvegas]

And to think it ended even worse in the last 5 mins of market open.

And looked at the VIX, Doh!

Fasten your seat belts boyles and goyles, it's going to be a bumpy rde.


Eddie

 

[CorbLand]

And to think it ended even worse in the last 5 mins of market open.

And looked at the VIX, Doh!

Fasten your seat belts boyles and goyles, it's going to be a bumpy rde.


Eddie


View attachment 808199

This is why God invented dollar cost averaging.

 

[DAOutfitters208]

Can someone explain what the heck happened this afternoon?

 

[stevewes2004]

Can someone explain what the heck happened this afternoon?

Reaction to J Powells 2025 cuts (2 instead of 4)


Sent from my iPhone using Tapatalk

 

[aftriathlete]

Yep. KULR surged on two pieces of news, that they fixed the issues they had with being filed on the NYSE and that their battery tech is going to be included on a SpaceX launch next year. Then it dumped along with all markets when the Fed cut the interest rate, but with the cut they updated their consensus "dot-plot" that forecasts interest rates from their perspective, and that showed 2 cuts in 2025 instead of the market-expected 6 in 2025. So basically the Fed is saying they don't see rates coming down anywhere near as fast as the market had priced in, and the market is addicted to easy money, so that made everything sell off.

I hope it keeps going. Crash baby, crash. I want maximum fear, and then be greedy when others are fearful.

 

[Ashy Larry]

KULR looking nice this morning! Wish I had the price average of some of yall but still up 2.5x

 

[Jmort1754]

KULR looking nice this morning! Wish I had the price average of some of yall but still up 2.5x

Knew I should have picked up some more yesterday.

 

[ChrisA]

Yep. KULR surged on two pieces of news, that they fixed the issues they had with being filed on the NYSE and that their battery tech is going to be included on a SpaceX launch next year. Then it dumped along with all markets when the Fed cut the interest rate, but with the cut they updated their consensus "dot-plot" that forecasts interest rates from their perspective, and that showed 2 cuts in 2025 instead of the market-expected 6 in 2025. So basically the Fed is saying they don't see rates coming down anywhere near as fast as the market had priced in, and the market is addicted to easy money, so that made everything sell off.

I hope it keeps going. Crash baby, crash. I want maximum fear, and then be greedy when others are fearful.

Couldn't you short sell ?

 

[CorbLand]

Well I picked up a little more MSTR today.

 

[BBob]

MSTR sitting on a bit of a cliff at the moment. Has a gap to fill below. If this level doesn't hold some lower pricing might be had at some point. That said it's out the bottom of the Bollinger band, sitting on the 50 EMA and a significant fib for support today.

 

[BBob]

Couldn't you short sell ?

You would need a margin account to short sell, most do not have one, have not gone the extra step to get one or cannot qualify for a margin account.

 

[ChrisA]

You would need a margin account to short sell, most do not have one, have not gone the extra step to get one or cannot qualify for a margin account.

Thanks. I'm ignorant to most of this and only know a little bit about grain contracts. I do know a couple amateurs that got pummeled with margin calls on wheat contracts.

 

[BBob]

I do know a couple amateurs that got pummeled with margin calls on wheat contracts.

Which is exactly why the brokerages won't let everyone have a margin account. It's sort of like qualifying for a loan that they're pretty sure you can pay back

 

[HuntHarder]

I have a margin account that I very rarely trade using any margin. As @BBob said, you need a margin account to short. With stocks, you can only lose what you put in. With Shorting, your losses are limitless and can get an inexperienced trader in trouble real quick. Shorting is great tool in trading, but tread cautiously.

GEV rebounded decent today after yesterdays blood bath. I am still undecided on a good entry with Kulr. So far I am batting .000 on predicting it's short term future.

 

[idahomuleys]

I have a margin account that I very rarely trade using any margin. As @BBob said, you need a margin account to short. With stocks, you can only lose what you put in. With Shorting, your losses are limitless and can get an inexperienced trader in trouble real quick. Shorting is great tool in trading, but tread cautiously.

GEV rebounded decent today after yesterdays blood bath. I am still undecided on a good entry with Kulr. So far I am batting .000 on predicting it's short term future.

Let me know the opposite of what you do with KULR then
I sold about half my shares at $2.75 then bought back more at $2.10 today. I have no idea what I'm doing but I've made a good chunk on KULR.

Sent from my SM-S928U using Tapatalk

 

[Clarktar]

I have a margin account that I very rarely trade using any margin. As @BBob said, you need a margin account to short. With stocks, you can only lose what you put in. With Shorting, your losses are limitless and can get an inexperienced trader in trouble real quick. Shorting is great tool in trading, but tread cautiously.

GEV rebounded decent today after yesterdays blood bath. I am still undecided on a good entry with Kulr. So far I am batting .000 on predicting it's short term future.

I picked up some GEC. Long term.

Still looking for something shorter term.

 

[BBob]

Nibbled a bit more in MSTR on the opening bounce. Typical 2nd day outside the bollinger band behavior.

 

[CorbLand]

Really hoping KULR keeps pushing. Its the closest I have ever been to a 1000%er.