$5k Investment NOW - Let's Beat the Covid Blues w/investment fun

Not to hijack, but remember the fundamentals of the economy are changing. It's going to be quite different when we get out of this.
Definitely. There is cheap and then there is broken. Some of these companies might not survive this or you may see mergers come from it. 99% of the time when a company acquires another the company being bought rises while the buying company usually drops but usually will recover.

And agreed with the jobs report. It may be baked in and may not see a big drop. I think most of Wall Street expects bad numbers so we may not see that big drop. I recently switched jobs and rolled my 401k into a TD Ameritrade IRA so I'm already almost 100% cash. The timing was as good as it could have been in that sense. I knew we were extremely top heavy and due for a pullback so had planned to stay mostly cash until we got one. Just didn't expect this.
 
Just messin around. Opened an account and bought some MGM and HTZ and up up $1.90 already...LOL
 
Just poured myself some of this:
Just messin around. Opened an account and bought some MGM and HTZ and up up $1.90 already...LOL

Did the same last week and got MGM for 7.00. Picked up Live Nation for about 23.47, AMC 2.48, Ford 5.05 and Halliburton at 4.79.
So far I’m making some fuel money.
Gives me something to do while in lockdown.
 
Yea I'm only playing with a small amount of money. Maybe beer money..lol
 
Just messin around. Opened an account and bought some MGM and HTZ and up up $1.90 already...LOL

Where did you open an account? Cost per trade? Sounds like a fun way to pass the time with some play money.
 
Etrade... No cost to trade either.
 
TDAmeritrade - no cost to buy or sell
 
A couple of days late pulling the trigger but I picked up Boeing this morning.
Wishful thinking but what's the chance this will turn into the bounce back rally this week?
There has been a lot of talk about how wonderful it is that Congress is throwing the country a life line but what is attached to the other end of it? A 25 Trillion dollar credit card bill!!!!! Not saying I have a better idea mind you but eventually we all get to shoulder the bill. I just worry sometimes that government's idea of a cure might be worse than the disease in the long run. N1H1 comes to mind, for instance.
Stay well everyone
Carpe Diem
 
I use TD Ameritrade. Almost all major brokerages now are free. Options are .65 per contract each way so 1 contract would cost me $1.30 total.

TD Ameritrade has a paper trade ThinkorSwim account if you want to practice with a fake account. There is a 20 minute delay on the charting but if you call them they will convert it to real time. It isn't 100% accurate but if you are holding a few days it won't make much of a difference. I'm typically in and out in under 5 minutes and for that it isn't 100% accurate but for what we are doing here it should be just like the real thing. They start you at $100,000 but you can change that to whatever amount you want to start.
 
A couple of days late pulling the trigger but I picked up Boeing this morning.
Wishful thinking but what's the chance this will turn into the bounce back rally this week?
There has been a lot of talk about how wonderful it is that Congress is throwing the country a life line but what is attached to the other end of it? A 25 Trillion dollar credit card bill!!!!! Not saying I have a better idea mind you but eventually we all get to shoulder the bill. I just worry sometimes that government's idea of a cure might be worse than the disease in the long run. N1H1 comes to mind, for instance.
Stay well everyone
Carpe Diem

IMHO: You may not get the bounce you’d like in the immediate future, but it’s still a good company and vital to national security (government will make sure they stick around) so it’s a good long term investment.
 
IMHO: You may not get the bounce you’d like in the immediate future, but it’s still a good company and vital to national security (government will make sure they stick around) so it’s a good long term investment.
Not to be a debbie downer, while they may "survive" there will be great pressure to take out the shareholders (you know those rich fat cats).
 
Part of me thinks it's going to drop like crazy but part says it might not be that crazy because everyone should know it's going to be terrible and hopefully temporary
And agreed with the jobs report. It may be baked in and may not see a big drop.

I know it's only been 1 day, but so far it looks like the jobs report was baked in. I'm sure the stimulus package had a lot to do with today's market performance. Keeping fingers crossed that it continues, although I think we have along way to go before we're even close to getting out of the woods. Good luck everyone.
 
Today wasn't as good for me. Once we broke yesterdays highs it went flat and chopped. I got stopped out of a few trades and ended the day red. Oh well. On to tomorrow. Tight stops keeps me in the game.

But yeah, I see no reason to believe we have found bottom. We may have but I need more proof.
 
What do you guys think of ACRE and SIG ? See if they drop again.
 
I know it's only been 1 day, but so far it looks like the jobs report was baked in. I'm sure the stimulus package had a lot to do with today's market performance. Keeping fingers crossed that it continues, although I think we have along way to go before we're even close to getting out of the woods. Good luck everyone.

With the market closing up three days in a row now, I’ve recovered about 40% of my paper losses across my accounts.
 
What do you guys think of ACRE and SIG ? See if they drop again.

Both look like decent long term plays. Unless something changes, they pay a nice dividend at these levels and should eventually climb back to where they were.
 
They were talking about SIG and ACRE today in the chatroom I'm in. I'm in 2 chatrooms. Just joined the 2nd one. It's more of a training type room. They don't give out alerts but people can ask about stocks and they will give their analysis. I have been in about 10 different chatrooms in my 7 year trading career and these 2 are the best I have been in. The one I just joined focuses on finding reversals and how to trade them.

The one is ramp up trading and the 2nd one is Rob Smith 'In the black'. You can find Rob on twitter too. He has a system he teaches called 'The Strat'. Very good at finding reversals. I have no affiliation with either other than being a paid member and plan to drop the first one soon because I have learned their methods and I don't follow anyone on trades as I do better finding my own. After I get 'The Strat' down I will drop that one too. But in my career I have seen guys make $80,000 in one day. One guy made $30,000 on TSLA in a couple of hours by accident. He bought it but got called into a meeting and couldn't sell it until he got out of his meeting. He said he would have sold it way earlier for about $5000-10000 profit but lucked out. That same guy is the one that made $80,000 one day. He posts screenshots on his twitter account. Who knows, he might have a $5M account so $30k to him isn't much. I do know a guy that I have been trading with a few years. Never met him in person but have talked to him and texted him just a few days ago. He works for Frito-Lay delivering to stores and trades on his iPad. Today he made $4000 on TSLA. He typically makes $1000-1500 a day. A few years ago when he was starting out he was happy making $200/day. Been cool watching his progression. Hoping I can get there soon. I know how to do it but the mental side is hard to overcome. I was up $$50 today and then lost $40 so tried to get it back and that was after the market fell flat so took about 4 $25 losses in a row. Those are the kind of mental mistakes I need to fix. If I can fix those I can make $500/day. Confident of that.
 

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