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Need some tips on trading

Posted on 6/8/20 at 9:12 am
Posted by TigerChief10
Member since Dec 2012
10858 posts
Posted on 6/8/20 at 9:12 am
I just started my first real job making decent $ and I would like to start playing the market a bit. I realize Ive missed out on a lot of plays rebounding from the virus but what are some good stocks for me to get started with? A couple weeks ago I put some in CCL and I just bought some shares of GE.
Posted by castorinho
13623 posts
Member since Nov 2010
82010 posts
Posted on 6/8/20 at 9:21 am to
quote:

and I just bought some shares of GE.
quote:

Need some tips on trading
tip #1. Don't buy GE.
Posted by amusedmuse
Baton Rouge
Member since May 2020
48 posts
Posted on 6/8/20 at 9:26 am to
I do not give stock advice because there is never a sure thing, but I can point out that BUD will be paying dividends next month on stocks purchased through today.
Posted by Yukon7
Louisiana
Member since May 2018
588 posts
Posted on 6/8/20 at 9:28 am to
Stock List thread

Follow this thread, do your own research before buying stocks. I got into this about 3 weeks ago using only 3000 dollars and already up 25% based on tips in that thread.
Posted by JDPndahizzy
JDP
Member since Nov 2013
6416 posts
Posted on 6/8/20 at 9:31 am to
You can start with sector ETF's. Below is a link that will list them from sector spider. This is only one set of ETF's.. There are MANY more from other companies..

My advice would be to research before you invest and don't start off looking for the penny stock that will make you a millionaire overnight. Of course here lately there have been a few of those..lol

Sector ETF's
Posted by LSURussian
Member since Feb 2005
126929 posts
Posted on 6/8/20 at 10:01 am to
quote:

I can point out that BUD will be paying dividends next month on stocks purchased through today.
That means BUD's opening price tomorrow will be adjusted down by the amount of the dividend ($0.36) which will be paid on July 9.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
70790 posts
Posted on 6/8/20 at 12:05 pm to
I check marketwatch.com each evening and look for the ten biggest losers on the S&P and NASDAQ.

I check to see their debt to asset ratio (avoid if too high) and where it is compared to the 52 week high and low (also avoid if too high). I also check the headlines to see why it had a bad day, and what that company does so I know if it has a good future.

Idea is to buy dips that are just a fluke or a short term problem. Good example is HOG. I jumped in when it nosedived because they're not carrying excessive debt, their customers are diehards, and the price drop was because they temporarily closed their factory for Covid.
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