imShy

4y

most of trading is learning as you go. there are some things you should know though to get started.

1. If you see a stock going up, don't buy it you're probably too late.

2. you can make plenty of money on meme stocks. (Tesla, NIO, Palantir, etc)

3. markets tend to rise in the morning and fall or flatline later in the day. because of this it may be best to take profits mid day before it dips later on. Stocks tend to tapper off end of day because traders take profits.

4. like the last point, the market tends to dip the further you go into the week for the same reason as above.

5. take profits and reinvest. unless you really suspect a stock will skyrocket it's most times better to take profits to secure them and then reinvest the rest. you won't be losing out on that much money anyway if you play it right.

6. don't try to time the market

7. like above, don't day trade by trying to time the market. timing the market means "I have a hunch the market is going to go up/down this week". 6 and 7 are really for options tradings.

8. learn to trade options if you want to make big money

9. if you're buying options have the expiration dates be 4+ months out if possible.

10. buy Tesla

RX Nigerian Pastor

4y

Damn that’s more than I ever have made scammin or collecting cans

Might have to get in the stock game

imShy

4y

most of trading is learning as you go. there are some things you should know though to get started.

1. If you see a stock going up, don't buy it you're probably too late.

2. you can make plenty of money on meme stocks. (Tesla, NIO, Palantir, etc)

3. markets tend to rise in the morning and fall or flatline later in the day. because of this it may be best to take profits mid day before it dips later on. Stocks tend to tapper off end of day because traders take profits.

4. like the last point, the market tends to dip the further you go into the week for the same reason as above.

5. take profits and reinvest. unless you really suspect a stock will skyrocket it's most times better to take profits to secure them and then reinvest the rest. you won't be losing out on that much money anyway if you play it right.

6. don't try to time the market

7. like above, don't day trade by trying to time the market. timing the market means "I have a hunch the market is going to go up/down this week". 6 and 7 are really for options tradings.

8. learn to trade options if you want to make big money

9. if you're buying options have the expiration dates be 4+ months out if possible.

10. buy Tesla

tunemoon

4y

BUY $BTC

imShy

4y

just a day trade ended up banking big.

what should I buy ?

BLUE NOTE

4y

fosho, and any tips on strategies? how did you build up from starting?

fatherallah

4y

looking at your 9th point i know you gotta have racks in there. buying options that are months out always got high premiums.

MAMBA

4y

dont you need big $ for that at this pt?

jozen

4y

Don't take investment advice from someone who only made their gains this year during the craziest bull run the market has ever seen lol. He made some good points but things like enabling option trading are not sound

Campari

4y

A month ago it was at $23,000. Even then, it was $22,000 too much for some people. The point is if you keep on waiting, nothing will wait for you. Put whatever you're comfortable losing.

imShy

4y

just a day trade ended up banking big.

what should I buy ?

imShy

4y

I started trading in junior year of high school, ever since then it's pretty much where I put my money If I'm saving it. I'm a senior in college now.