The Rokslide Stock Traders Thread

[stevewes2004]

Executive order for digital assets:

Strengthening American Leadership in Digital Financial Technology – The White House

By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote United States

www.whitehouse.gov

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[Juan_ID]

Limit is an order type. Google search your broker + order types.

When I went to the sell tab just to see what options there were this is what it showed.

 

[Marshfly]

When I went to the sell tab just to see what options there were this is what it showed. View attachment 828211

No offense intended, but Rokslide is NOT the place to learn how to use your broker's trading platform. There is much more information you need to consider before choosing how to place an order. You will find video after video showing you the specifics of your particular platform on Youtube. I'd bet your broker has some.

 

[Juan_ID]

No offense intended, but Rokslide is NOT the place to learn how to use your broker's trading platform. There is much more information you need to consider before choosing how to place an order. You will find video after video showing you the specifics of your particular platform on Youtube. I'd bet your broker has some.

None taken, and I agree. I without a doubt have probably already made some mistakes but this is money that is not relied upon for other obligations so if I take a small or even big hit on it not a big deal. Lesson learned, with that said I will do a YouTube search.

 

[Marshfly]

None taken, and I agree. I without a doubt have probably already made some mistakes but this is money that is not relied upon for other obligations so if I take a small or even big hit on it not a big deal. Lesson learned, with that said I will do a YouTube search.

Oh trust me. I have made PLENTY of mistakes learning to trade. Last year I averaged 10.8 trades per trading day. Still making mistakes but they get less and less over time. Just dive in and commit to figuring it out with money that you consider tuition like you said.

 

[KBaird]

Anyone else tracking $NAK? Up 3x in last 12 months, with the majority of that since Trump momentum began in mid October. All with virtually no actual news since last April. Until yesterday… Dunleavy wrote the EO Trump signed this week to “open up” Alaska’s natural resources, but purposely left Pebble out for now. He did state in an address Wednesday however, that the Pebble conversation will absolutely happen once they iron out some details on the other projects mentioned in the EO. Also yesterday, I dug up this quote from a Financial Times article on projects that may see renewed life under Trump 2.

With the Chevron ruling last year, DOGE/reduction of federal oversight, emphasis on state management of resources, etc. this is starting to feel like a different kind of momentum for Pebble potentially?


https://alaskapublic.org/news/polit...illing-logging-and-mining-in-alaska?_amp=true

 

[CJ19]

Is anyone watching $trump (trump token) for potential fluctuations? The initial hype peak is past and I have one eye on it to see what its doing. 26.22

 

[SWFLhntr]

I have a hypothetical. Been thinking about this MSTY ETF. say you had a few hundred grand in a Roth. You bought 8,000 shares of MSTY. You’d be potentially earning what $2.50ish per share 10 times a year? That’s like $200k in dividends tax free? Seems too good to be true or is that taxed somehow even being in a Roth?

 

[signing off]

SWFL , I hope this hypothetical is VERY much a mental game. Risk management is just as big priority as growth in a retirement plan. I'm interested in MSTY and glad to be aware of it.

 

[fmyth]

I have a hypothetical. Been thinking about this MSTY ETF. say you had a few hundred grand in a Roth. You bought 8,000 shares of MSTY. You’d be potentially earning what $2.50ish per share 10 times a year? That’s like $200k in dividends tax free? Seems too good to be true or is that taxed somehow even being in a Roth?

They pay out distributions 13 times per year. It is not taxed inside a Roth. No tax when you withdraw either. Your hypothetical return would be much higher if you elected to reinvest the distributions into MSTY shares. I wouldn't put 100% of my Roth in MSTY.

 

[SWFLhntr]

Somebody is going to do it I guarantee it lol. It won’t be me. I only have $800 worth. I’m good for now.
But six+ figures tax free would be……….kinda nice.

 

[signing off]

They pay out distributions 13 times per year. It is not taxed inside a Roth. No tax when you withdraw either. Your hypothetical return would be much higher if you elected to reinvest the distributions into MSTY shares. I wouldn't put 100% of my Roth in MSTY.

Pulling distribution until initial investment is covered, then reinvest distribution would keep risks relatively low.

 

[HuntHarder]

Msty seems to good to be true. Having said that I dipped my toes in with 5k. Might have lit it on fire, or it might provide a decent distribution.

 

[David Walter]

These things.

1. It took me until my early 50s to understand the point of my 401k is to contribute as much as the IRS allows, not just enough to get matching. It would have been more tight on a monthly basis, but I’d be awash with money now. And, a Roth 401K is taxable going in, but growth is not taxed.

Again, had I known that, I’d be swimming in cash. I’ve converted all of my accounts into Roth IRAs now (know the rules!) and took a big tax hit on the gains in the process. However, by the time I need them, tax-free withdrawals will sustain me for life.

2. Get investors business daily (IBD) and follow their methodology in general, and certainly if you follow the “sell at 20% gain and buy something else” school of stock trading.

IBD’s daily “Stocks on the move” list with research on tradevision is how I pick winners.

3. Watch “Felix and friends” on YouTube, get tradevision.io, and follow his methodology to see which stocks (and ground truth with IBD) you should be invested at any given time. His is a momentum play, but it works.

Trade vision will also tell you if buy and trade or buy and hold has been better for a specific stock over the last few years. Important info. You’ll find some of them are legitimate buy and hold.

4. Stop losses are a thing. Have rules and follow them. They keep winners from becoming losers. I made a lot of money last year trading. But, almost all of my losses were from violating my own rules with emotional or FOMO buys. And then either not setting a stop loss (letting them run), or having had a stop loss execute, getting back in and setting a still lower stop loss and loosing more. I now have a rule about not getting back in on a stock, even if I think it’s reversing higher, for two weeks minimum. Do I miss some ups? Yes. Do I miss more downs or falling knives? Absolutely.

Finally, look at the ETF “CHAT” Heavy tech (think VGT), with a bias toward AI companies. Top holdings are nearly the same, but lots of generative AI smalls with potential to grow.

 

[CorbLand]

Msty seems to good to be true. Having said that I dipped my toes in with 5k. Might have lit it on fire, or it might provide a decent distribution.

I haven’t done a ton of research on it but from what I have seen posted here and the little I have read. It doesn’t make sense to me how it’s sustainable but I hope you all make an ass load of money from it.

 

[Marshfly]

I am seeing talk of protective stops come up more and more. That's great. There's a ton of great YT videos on how to properly place stops in places that make sense AND position sizing(just as important as setting a stop) that anyone new to technical trading would be wise to research before trading in any size.

I don't like the term stop loss specifically however because I think it has the wrong connotation. You can set a stop to limit your initial risk to a set amount of loss or you can set a stop to guarantee a certain profit once the position is positive. The reason I use the term protective stop is that is what it is doing. Protecting your capital. And not always for a loss.

100% of my trades have a stop on them when I enter and that is decided prior to entering the position. You should know exactly how much $$$ or what risk you are willing to take on a position before you enter. I don't trade shares, only SPX options, so my stops are not exactly like what most would use here but the premise is the same. Plan your exit BEFORE you enter. You should never be a bag holder.

 

[ncstewart]

Anyone got any decent podcast for stocks and just financial learning?


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[David Walter]

As mentioned above, YouTube “Felix and Friends.”

Agnostic on specific stocks, all about picking winners and when to get out.

 

[ncstewart]

As mentioned above, YouTube “Felix and Friends.”

Agnostic on specific stocks, all about picking winners and when to get out.

Yes sir that what got me thinking about podcast. I checked out what ya said from originally posted but I like podcast for whatever reason. Looking for something like that in podcast forum


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[KBaird]

Anyone got any decent podcast for stocks and just financial learning?


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I enjoy most of the stuff from “The Compound” network. There are three different shows, each with a little different angle. “Ask” is more scenario based Q&A stuff, “& Friends” is wall st/industry guests BS sessions, and “Animal Spirits” is hot topics. Have tried quite a few others, but these guys, and more specifically the one’s with Josh Brown, are about the only shows entertaining enough for me to tune in regularly.