Iyamilele:


Please is this a good time to buy TESLA?

Not yet buy time. Wait a little. I volunteer to let you know when our indicator says buy.

With the current chart as below, you do not even need anybody's opinion to tell you it is not yet buying time. That is how clear our indicators are!!!

THIS IS A TIME TO START LOOKING AT INVERSE ETFS

Time for QID, RWM, SQQQ etc.

But remember. Inverse are not for buy and hold, you used them as short term hedge only.

OUR INDICATORS ARE GOOD, WHAT THEY TELL US WE BUY

Today was for dividend hunting. We bought DHT (the set up for PSEC not okay as at trading time earlier today.

MARKET SEEMS TO BE IN A DANGEROUS ZONE (MORE RISK IN THE MARKET)

As market becomes more risky, it is time to load up our defence line. Some BDC stocks, seems to be good when market is bearish. Only caveat is that you only get constant dividends but very little capital appreciation. One I am watching is PSEC

Our AAOI stock did very well. Thanks to our indicators . Indicators give us capacity to take decisions fast and the mathetical basis, should give us rest of mind. As a retail trader, if we have no technical indicator that resonate with us and is personalized we are missing a lot. To get a personalized indictator you can DM me.

I AM FEELING THE PAIN OF ALLOWING MY STOP LOSS TO GO ABOVE 25%
Again the market taught me not to allow my loss to go above 25% as much as possible.

I am in AAOI (be warned I can sell anytime my indicator tells me), again stock gained about 60% in one day recently (only for me to check that for that day my gain showed only 13%), for me it was like I have lost money, how can the market share Pallative of 64% and only 13% came to me (this is like cheating, at least the market is not run by Nigerians where they say they have Paid Pallative to some people, but the people you don't see), I went back and I remembered that for this stock I have allowed my loss to go over 34% some days before this 60 something % gain.

SO, I want to make a pledge to myself that I will start looking at stop loss from 10, 15, 20, and 25% depending on the stock. As posted before, any loss above 70% is as good as impossible to regain back

For bonus and good chart set up: UCTT, GCT are on our radar.

Going further, I may sell TSLA if it goes lower today. Why, our indicators said so, see below:

DESPITE MARKET BEIGN DOWN TODAY I FEEL HAPPY LOOKING AT THE QUALITY OF STOCKS IN MY PORTFOLIO

My portfolio is down, but looking at the quality of our stocks plus our indicators I am happy. The fact that I have stocks that can recover soon put my mind at rest.

Finally, our individual strategy can be different. If I am building a strong portfolio for the future, I have to ignore some instant gratification offered by day trading.

FOR THIS FORUM- I AM THINKING OF GIVING SOME FREEVIES FROM TIME TO TIME

Yes we need to show that all these big big % gains people are talking about is no joke.

Probably start with some free recharge cards.

I believe it will start soon.

THIS IS WHAT I JUST DID AT SPROUTFI AND INSTANTLY MY COMMISSION IS COVERED FOR BOTH IN AND OUT.

So by tommorrow of even later today we should be on profit😜

THIS OUR LOCAL PLATFORMS ARE BEHAVING LIKE BABA IJEBU BETTING SITES

Chaka is down again today. I wonder what I would have done if not for my alternative trading platform. This matter is becoming a big concern?

Let us see if Trove can come with a more attractive commission rate at least make it flat. Looking at turnover on my account, Chaka makes some money from me every month. While Trove gets zero income from me.

For now SPROUTFI is among those that have less downtime!!! I will still emphasis that paying commission of 1% flat is totally okay.

Our pick today is : IQ. The Chinese stocks are coming!!!

aremso:
@yok
Pls explain the difference between the after market hour price and premarket price.

Pre-market trading in stocks occurs from 4 a.m. to 9:30 a.m. EST, and after-hours trading on a day with a normal session takes place from 4 p.m. to 8 p.m.3 ...

Simply like english- after market price is price after close of the trading day..... after 4pm EST time
after premarket price before opening of the trading day..... from 4am till market opens at 9.30am

Yesterday we bought MU, ECC all because of our indicator. Chinese stocks are waking up at the moment.

THIS MARKET IS INTERESTING

We are playing this market with a strategy of full attack but making sure that our defence is not left empty. Today, we jumped back to the ticker AI (that is that AI c3). However, we sold a dividend paying stock (BCS) and we replace it back with QYLD.

Today we did all our trades at Chaka.

WHAT STOCK IS ON OUR RADDAR TODAY! OIL SECTOR?
One of the oil stock with good entry set up is PBR, let us even forget about the dividend.

WE NEED TO KEEP THE RULE OF NOT LETTING ANY LOSS GET OUT OF HAND
If you want to know how important this rule is. Watch, if you have a stock that haclve lost 50 to 70% in your portfolio. It is as good as saying bye bye to your money.

I talk from experience, it was painful seeing one of the stocks in my portfolio gain, 30%, however my big loss made the 30% gain to look like an ordinary gain. So, byy any means possible the maximum loss we should tolerate should not be more than 20 to 25% no matter how much you love that stock!!!

henrimoto:

Pls. If one wants to benefit on the upward movement of a stock's price due to an upcoming impressive quarterly earnings report, When is the suitable time to take advantage ? Is it before the report date or after the report date ?

Cc: coputa
Yok
Ukay2

Generally, you are not advised to buy a stock when it is about 2 days to earnings date, as the expected result should have started to be priced in already. The best is to wait, let the result be out, then give like 2 days gap and use your indicators for entry. If it is a truly good earnings, uptrend should continue after the earnings release. A case in point is TSLA, current result is good, we should see the uptrend coming back soon, and our indicators should give us the timing for entry.

Above is the ideal situation.

GLOBAL STOCK IS GOOD
For the local APPs we just have to bear with them. Most of us have been dealing with the APPs for 2 years plus and we know that their business is challenging (this is the reason why technically some of them after some time may go out of business, but our money is still safe as our stocks are domiciled with a main broker, for all the Nigerian APP including some foreign ones too, drivewealth is the main broker).

What we need to care about is just to develop our trading skill and this will come with longevity in the market. So number one thing is develop our trading skill by having a good trading indicator /indicator which we should master very well, example may be ADX/MACD combination.

Let us take our mind off what I call non-essentials like:
- platform not having stop or sell order facility (e.g SPROUTIFI), around 2021 or is it 2020 when we started this global trading thing, 8 was using limit order and stop loss, but I still made big losses. Today I use market orders and use my indicators (mostly MA, plus overbought levels to tell me when to get our

- commission as long as is reasonable (maximum 1.5% flat) is okay. If we read some history of stock/coonidity trading, commission use to be far higher than this 1% we are having today, it was like 3% until the likes of Charles SChWAB started their brokerages). In Nigeria looking at the cost of doing business, the brokerages need commission to survive, don't be suprised one of the local APPs may go out of business very soon (if they cannot attract new clients, there are/is a brokerage in this forum which many of us have stopped using, we are just wating for them to announce that they are closing and drivewealth will transfer whatever stock we have with them to another broker, simple but highly probable).

So basic thing is learn to have a trading skill (it will take some time, you will lose some money, but if you start gradually with reasonable capital (will not mention any amount, but NGN8,000 should be absolute minimum, ignore those who say you can start with less, or if you start with a lower amount know that you are just practicing or trying to lran the robes it is allowed, for this about NGN8000 should be okay with the likes of Chaka where you can trade with $0 50 and still pay a flat commission of 1% without the penalty of a minimum rate)

-have 2 trading accounts one local, one foreign (if possible) or 2 local. This is to ensure that you can trade on a day that one of them have issues, just like it happened to chaka on 18 and 18th July 2023)

- Platforms that have stop loss is good (Chaka, Trove have, I have used the 2 brokers). This is needed in case you decise to protect your profits or if you're in a risky position and you fear platform may be off for a day or too (this will be unusual, but in Nigeria anything can happen)

- Finally put some money in a good stock like NVDA/TSLA for now ($10$ should be okay), and in 5 years see what you will have, you will know if you should be in Global stock. For me, thank God I starred with Nigeria stocks (but I have decide that Global stocks are better as I can have my investments Diversified over Countries like: NVDA(US), PBR((Brazil), YINN (CHINA), CVI (Canada), SBSW (South Africa) etc. So problem is one country (Nigeria is in inflation/governance problem at the moment) will not weigh me down, I can have my money working for me in thest climate)

Let us strive for longevity and stay focused in this Global stock, there is BIG MONEY HERE.

IT SEEMS THE SAYING THAT ONE DOES NOT KEEP MAKING NOISE IF YOU ARE MAKING MONEY IS TRUE
These days I feel like not making any noise, as we have learnt the most important thing in this market.

Also, having over 600 followers on twitter without follow follow is not easy. Nevertheless more people are following despite the fewer posts. Okay today, I cannot just keep quiet.

SOLAR SECTOR is in good buying zone. ARRY is a good candidate. For more you can check our twitter page from time to time.

GLOBAL MARKET IS FANTASTIC THAT IS UF YOU KNOW SOME TECHNICAL ANALYSIS
Today I was happy to take a loss on YANG, and immediately I ported to YINN.

This shows that relying on our technical indicators is the best gift we can give to ourself. I was late in entering YANG, but this YINN, we see how it play out. Somehow. I exited EGLX too with just 3% profit? So low, but I thank my broker for low commission, 0.5% in and 0.5% out flat. Commission not that bad, at least we want our brokers to survive, so that they can serve us for long!!!

PLAYING IN THIS MARKET WITHOUT A GUIDE CAN BE RISKY

A good indicator can tell you what the big money are doing behind the scene. The news we often see is only what the big money want the public to see.

Today we are waiting for inflation report, but a fairly reliable source has already given the verdict as shown below.

My take is this: this information has been communicated to the paying subscribers of the source probably weeks ago (do you know that Warren Buffet has a Satellite news subscription service, you can google what is satellite news subscription service (it is not your satellite TV service that we all know, it is a special service for big money that delivers a report like CPI figures about 60 seconds before the government gets the information into the public domain, again the subscribers use it to make another 0.5% on their 5million, subscription for this is about $1000 per month minimum)!!!

But let us see if they will be right. However, whether right or wrong, it is irrelevant to the subscribers (they don't trade the news the way we do, big money has already used the report and profited from it? How, all that big money needs (basically the institutions) is just anything above 0.5% move in a stock for 1 day, for this people .05% ( on 5million) is 25,000 that is all, they are out. so for most rally we had yesterday the people with this information have sold already by yesterday. They will start buying again after the actual CPI is out (they still get the actual figures before the public that is why the funds will tell the public not to trade the news or trade before a big new, they have the nearly accurate forecast and the first to get the actual), so simple.

So, we should have it behind our mind that the news you are calling news, is no news to big money. It is already stale news.

Ponder over this. This is the reason you will need your own indicators, and the more is is optimised for your personal preference the better.

So, I believe we should know what to expect from CPI today and that the bull is most likely to continue after the report.

Good luck to all. Note our EGLX trade should start to show profit as at now (after the shakeout)

TODAY IS LIKE THERE IS NO CHANGING A WINNING TEAM
With my AI and bitcoin compliant portfolio, today is a fairy good day. No buying no selling, just enjoying the sweet market.

For those of us in EGLX, there is no need to worry, the trade is likely to work out. Some gaming stock moved positively in the pemarket yesterday, so there is hope for EGLX

I HAVE DOSGE MAY BULLETS IN THE MARKET BUT TODAY WE TOOK SOME HEAT

We are not philosophers, the market is serious business. The best antidote fir a bear market is to be in cash or slow down substantially. Then, if the bear market has fully set in, we can switch to selling or play the inverse ETFs.

So, if tommorrow or close to end of market day, there is no improvement, we can start taking some profits out (at least if you have been in tesla, NVDA, BITCOIN, PLTR, for the last one month, those stocks should still be in profit. So, in the face to face attack of a bear, it is better to run, running away is the best although we can also pretend to be dead (ignore putting further money in the Marke) or attack back using inverse or shorting.

So, let us be wise, our longevity in the market is vital so that we can be profitable[b]. I hope the guys in NSEMPA will read this. MSCI Nigeria has been selling behind the scene, so the market that is up look like just a bullish camouflage at the moment[/b].

UPDATE TARGET TECHNICAL ANALYSIS- 6 JULY
I feel very happy with the Global market. It is very difficult to be caged by the market, as long as we do not pre-empt what the market should do or not do. Yesterday was a down day and today too is likely to open lower. And I was already thinking what to sell, the what to buy is the risky side.

However, looking at the quotes, Bitcoin side just brightened things up looking at premarket. And equally by the time market opens more sectot/industry will show up. Inverse are likely to be in play again, as we are seeing sudden I tease in VIX today.

For today, our major suggestion is that we should learn to use indicators. Even a simple one can be a starting point. Why am I saying this, we have a lot of indicators that we use. Recently, we used a different version of our indicators that the regular one, and we discovered that our normal indicator has better winning rate than the different one we used. Then, we conclude that we will stick to our regular indicators.

Wishing all a good day.

coputa:
please do, the stock is moving to it's 52 weeks high

ok. Review on our chart and I now support what majority are saying. Will be a good buy. May not be a long term holding, will buy sell from time to time as advised by our indicators

THIS SIDE OF THE MARKET LOOKS OKAY FOR ORDERLINESS
Today I venture to try some Nigeria stocks? Somehow, the platform look strange to me. Deposited money for my Morgan account, only for me to wait for hours before the money drop, and again the stock I want to buy told me something like no quantity available. Hmmm look like I went to a strange land!!! But, no problem, I could not do any trade, I believe by next week Monday when I go back, I will buy a good stock as chosen by our charts. I do not want to front run the chart, but MTNN maybe where I put my money on the Nigeria side.

For here, solar stocks are equally coming up. ARRAY technology looks good.

For the people asking for alternative to SPROUTFI, I will recommend CHAKA ( at least we can start with our Eight Thousand Naira). For those that want foreign broker, things have changed much compared with when you open accoubt with foreign brokers for peanuts, if you can afford up to $500 then try Traderzero, they accept Nigerian at the moment (they can stop accepting Nigerians at a later date), the minimum is high as you have to transfer your money via wire transfer from your bank and here charge maybe up to $35 taking idea from the SPROUTIFI list of charges, sorry, I did not recommend SPROUTFI. SPROUTIFI business is about to be taken over by another company, commission will now be 0.5% for each side of a trade (this is still cheap), while tradezero is zero commission.

Let us endure the difficult start, especially if you start with good quality stocks.


Happy trading/investing.

CHAKA IS BACK
I hope we all email them when the platform was not coming up?

But I have finished my business for the day on SPROUTFI

WHAT TO DO IF A PLATFORM IS MESSING UP AND YOU SEE A GOOD OPPORTUNITY THAT DAY
My plan is to sell part of my DKNG on chaka and go more AI. But alas, chaka is down (but not out, we thank God we cannot lose our money and all our shares are in custody of drivewealth).

Okay, all I have to do is look at the chart pattern of some of my weak holdings (dividend paying stocks are example of slow movers, I want to have them in my portfolio, but if I see quick money in another set up, I will sell the dividend paying stock, but I know I will come back to it later or replace with another dividend paying stock). So today, I will use my other platform (the foreign one and do my trading, I am sure Chaka will wake up from sleep tommorrow, maybr chaka staff are on Salah holiday?, at least I know Trove use external Consultant to solve platform problem, so if the Consultant fails to show up on an holiday like this, we shift, let us remember theses are "LOCALS" you know what I mean, they are in 3rd world environment!!! ), just like the Yoruba song that says, ohun to solowo to fin n sunkun, to ba se talika ATI gbagbe e. Translation simply means theses are LOCAL Enterprises and you just know they have a low bar, we continue to wait for another Passfolio or MOOMO to show up in Nigeria.

So do no let us fret over inefficiency of our local APPS maybe with time they will improve if they survive long enough. [b][/b]

CHAKA PLATFORM HAS BEEN DOWN SINCE MARKET OPENING TODAY
This is bad.

But not a big surprise this is a LOCAL APP competing in a global business. I hope they come back soon. Even, SPROUTIFI that 8s about to change ownership has not been down like this. And SPROUTIFI will acknowledge that they know the APP has issues and you get assurance that they will rectify the problem.

So, let see how long it will take chaka to cone back. For now they seems the better of our local or just manageable platforms?

TARGET TECHNICAL ANALYSIS COMMENT ON EGLX
Why should I buy this stock? When the indicator is as below. There, may be other options like HUYA, DKNG etc.

Although, if we want to play Warren Buffet (buy and wait till momentum shows up, when momentum will show up is not known). However, if momentum shows up, our indicator will still pick it up and we will spend less time waiting. A good example is PLTR, people that bough 2 years ago where in loss position until momentum shows up this year and it was like 100% profit in 4 to 6 months? So choose the one you want to follow (Fundamental wait 2 years or more for profit to show up, Technical - profit in days or few weeks, and if it did not work and you loose 10 to 20% get out and buy another stock) as your money continues to the best probable opportunities.

Our indicators tells all the story.

TODAY BITCOIN STOCKS WANT TO GIVE US SALLAH GIFT!!!

This is no joke, that is what premarket is telling US. I thing I should say tech stocks in general and AI stocks too.

Happy trading/investing.

MARKET FOR TODAY NOT THAT BAD- WE SHOULD NOT GIVE YOURSELF HIGH BP BECAUSE OF THE MARKET
Over the weekend, I was wondering what will the new week bring (after Powell speach brought the bear). But alas, by Sunday midnight Russia mutiny happen and by 11pm on Sunday, Asian market opened positive, with the Chinese economic report on standby, come Monday Morning, the futures market opened bullish). So by Monday, the bearish fear has subsided.

Russia crises also made commodities to improve (but more credit for this may go to the Chinese economic news, but China cannot be trusted, they can disappoint anytime).

So, the long and short of this message is that we must not be afraid, let us take the market as a game, and we must just learn to read charts. Today we are happier than we were on Friday and we are not too afraid. Our plan to continue buying and exiting technology/bitcoin stocks continue. We have sold some AI/bitcoin stocks before, now we are back to buying them (we sold AMD, some PLTR, AI but today we are ready to buy them back).

Will continue more on this, technical analysis is the way for a retail trade. If you are a small trader and you want to use fundamentals for this market, fine, you will see tge kind of losses that Buffet use to take (but remember, you do not have buffet kind of money!!! So stick to technicals, buy sell when a good indicator tells you. I will post what our indicator is saying on GOOGL soon (did not show up on our radar as buy for the moment)

UPDATE TARGET TECHNICAL ANALYSIS- 27 JUNE
Today is likely to be another good day for AI/bitcoin stocks, and we are targeting the good/cheap but promising ones (AEHR, APLD, MARA, COIN etc).

The only protection for losses in the market is your stop loss. For those of us that have lasted this long, we have escaped so may bullets from the bears!!!

And for the new comers, we welcome you to the promising but dangerous market, if you think you can do it on your own, okay next 3 months will tell