Official Short-term Investments Thread

[TomcoPDR]

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EDIT: The fuck.... are markets closed? No wonder my orders are not going through. Did I get up that late today, haha

EDIT 2: WTF!!! It is Friday? I thought it was Thursday!

It's a tough life sometimes, haha

You’re on Vancouver time, mkt closes at 1 instead of 2 for you now. Time flies for the rich @Sugarphreak

[Sugarphreak]

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[max_boost]

Most balling student I know lol

[Sugarphreak]

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[max_boost]

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If only money could buy grades... haha

Seriously though, this is Vancouver... I am trailer trash compared to rich students here

Yes. I know my ppl are richer than your ppl lol

[ExtraSlow]

Maybe the real riches are friendships?

[TomcoPDR]

if only I haven’t maxed out my rep limits for you

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Maybe the real riches are friendships?

[ExtraSlow]

I hear ya bro.

[max_boost]

Oh you guys! late night meet soon? Miss your faces!

[max_boost]

@Sugarphreak you are a smart man for pulling your money out of the markets cuz it has tanked even more after you did lol

[TomcoPDR]

It’s like Boxing Day sale

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@Sugarphreak you are a smart man for pulling your money out of the markets cuz it has tanked even more after you did lol

[max_boost]

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It’s like Boxing Day sale

ya, i am waiting for a boxing day sale type offer for my place haha

[BavarianBeast]

Merry Christmas fellas it’s time for a rally

[Misterman]

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Good stock, although not one I would personally consider short term.

Here we are 3 trading days later and it's in the profit!!

[rx7boi]

I put a little bit into Shaw and TD this morning. If TD continues to fall, I'll put in more.

[Misterman]

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I put a little bit into Shaw and TD this morning. If TD continues to fall, I'll put in more.

One thing I've found beneficial for short term trading is to watch the charts, and never buy on the way down praying to catch it at the bottom. This almost always leads to overpaying when I have done this in the past. I like to wait for the rebound to start, with an oversold indicator on my charts, then get in. Full rebounds don't generally happen in one day.

TD is definitely looking like a nice buy long term wise though right now. Price is down a lot from where they were. Glad I liquidated half of it when they were high 70's.

[rx7boi]

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One thing I've found beneficial for short term trading is to watch the charts, and never buy on the way down praying to catch it at the bottom. This almost always leads to overpaying when I have done this in the past. I like to wait for the rebound to start, with an oversold indicator on my charts, then get in. Full rebounds don't generally happen in one day.

TD is definitely looking like a nice buy long term wise though right now. Price is down a lot from where they were. Glad I liquidated half of it when they were high 70's.

I'm pretty new to this so it's interesting to see different approaches to people's successes.

I was watching a Youtube video where Phil Town suggested that you can't always know when the stock will hit bottom so you can put 25% of your cash into it, and if it goes down again, put another 25%, and if it goes even lower, put another 25%.

With your approach to waiting for the rebound, does it offer maximized gains at the expense of safety?

[Misterman]

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I'm pretty new to this so it's interesting to see different approaches to people's successes.

I was watching a Youtube video where Phil Town suggested that you can't always know when the stock will hit bottom so you can put 25% of your cash into it, and if it goes down again, put another 25%, and if it goes even lower, put another 25%.

With your approach to waiting for the rebound, does it offer maximized gains at the expense of safety?

I mean there is no one right or wrong way. That's why I try to never tell anyone how to do things, just offer my own perspective on what I have done and learned.

The way I like to do it just prevents me from riding a stock downwards, which adds time before I can flip it since I have to wait for it to rebound back up to my entry point just to break even. Or even worse, having to buy your way out of it by averaging down. And if I catch a deadcat bounce sort of trend, where the stock props up for a day before continuing down again, I still do have room to average down like this Phil Town that you watched said to do.

Doing it this way gives up a bit of potential return, by never catching the absolute bottom. However even if you're buying on the downtrend it is very hard to catch the absolute bottom anyway. So I feel like it evens out in the end return wise. It just adds a layer of safety I feel.

If you're new, TheChartGuys on YouTube have some videos on basic charting. But the MACD is one that short term traders use quite frequently. It would be worth your time to read up on that. It gives you an idea of when a stock is being oversold, therefore the most likely scenario is a rebound correction in the short term when overselling is going on, buyers see a value purchase and move in causing the price to rebound. Weed stocks have been killer for this since it has been all hype and fear trading for the past couple years.

[BavarianBeast]

I’m going to bet there will be at least a 10%+ gain in oil by Jan 7th

[Sugarphreak]

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