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By Whiskey
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Whiskey

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I've been looking at trading for a while now, but everywhere all I see is bad reports from the companies that I'm looking into (not being able to cash out stocks etc). I was wondering if anyone regularly trades on here and if so what platform they use to do so?

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Stan

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Just now, Devil-Dick Willie said:

Do I trade like an autistic Autumnal foliage on robinhood? 
No

Do I have a few grand in some wealth generating portfolios? Yes. 

Same.

I use Wealthify.

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Dr. Gonzo

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On 13/03/2021 at 13:37, Devil-Dick Willie said:

I have a bit in lithium mining companies, and also have a bit in 'Spaceship' an investment portfolio app, and just a TINY bit of crypto. 

I’m also invested into a few lithium mining companies.

I haven’t bought any cryptocurrency myself, but I have invested into some blockchain mining companies as well. Couldn’t get in on BTC with a price I felt comfortable. Blockchain mining is something I feel pretty comfortable throwing money behind though & is joined at the hip with crypto.

As for recommendations on what app to use @Whiskey - my parents, brother & sister, have mostly used Fineco. I didn’t buy stocks/ETFs back when I was in the UK, because I was young and didn’t know a lot.

But I’m a bit lucky now that I’m somewhere with commission free brokerages and it is very nice. But don’t want to rub that in your face so maybe I shouldn’t have said anything xD

I don’t fuck around with options trading. You can get rich with options, don’t get me wrong, but it’s very very easy to lose lots of money with options trading. I also don’t fuck around with shorting anything.

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nudge+

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I don't trade regularly, but I quite like making long-term investments into specific technological breakthroughs every once in a while. I invested in three biotech companies a few years ago - CRISPR technology, in particular. CRSP went from 35$ per share to 136$ (highest was 220$), NTLA from 17$ to 68$ (92$ highest), EDIT from 28$ to 48$ (100$ highest). Nothing extraordinary, but I do it just for fun anyway.

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Dr. Gonzo

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17 minutes ago, nudge said:

I don't trade regularly, but I quite like making long-term investments into specific technological breakthroughs every once in a while. I invested in three biotech companies a few years ago - CRISPR technology, in particular. CRSP went from 35$ per share to 136$ (highest was 220$), NTLA from 17$ to 68$ (92$ highest), EDIT from 28$ to 48$ (100$ highest). Nothing extraordinary, but I do it just for fun anyway.

I learned about CRSP because of you posting about CRISPR and threw some money into it and I'm still holding my shares and I'm quite pleased with how my money has grown.

I also mostly make long-term investments. The only times where I haven't were with my recent fore into meme stonks (I've been a long time lurker on r/wallstreetbets because it's an absolutely hilarious place on the internet) - and one time I bought into a leveraged ETF (which people say not to hold for too long) and only held that for about 4 months. But other than that, it's stuff I'd want to hold for at least a year, if not more.

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nudge+

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7 minutes ago, Dr. Gonzo said:

I learned about CRSP because of you posting about CRISPR and threw some money into it and I'm still holding my shares and I'm quite pleased with how my money has grown.

I also mostly make long-term investments. The only times where I haven't were with my recent fore into meme stonks (I've been a long time lurker on r/wallstreetbets because it's an absolutely hilarious place on the internet) - and one time I bought into a leveraged ETF (which people say not to hold for too long) and only held that for about 4 months. But other than that, it's stuff I'd want to hold for at least a year, if not more.

Nice, didn't know you put some money into CRSP as well; I must say I expected it to do much worse, so definitely glad to see it exceed my expectations.

I'm currently thinking investing a bit into mRNA technology, but don't want to go for any of the current major covid vaccine players (Moderna, BioNTech), so I'm looking for smaller biotech companies that are working on the same technology but using it for drug development for other diseases instead of covid, hoping they will make a breakthrough in the future. 

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Devil-Dick Willie

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1 hour ago, Dr. Gonzo said:

I’m also invested into a few lithium mining companies.

I haven’t bought any cryptocurrency myself, but I have invested into some blockchain mining companies as well. Couldn’t get in on BTC with a price I felt comfortable. Blockchain mining is something I feel pretty comfortable throwing money behind though & is joined at the hip with crypto.

As for recommendations on what app to use @Whiskey - my parents, brother & sister, have mostly used Fineco. I didn’t buy stocks/ETFs back when I was in the UK, because I was young and didn’t know a lot.

But I’m a bit lucky now that I’m somewhere with commission free brokerages and it is very nice. But don’t want to rub that in your face so maybe I shouldn’t have said anything xD

I don’t fuck around with options trading. You can get rich with options, don’t get me wrong, but it’s very very easy to lose lots of money with options trading. I also don’t fuck around with shorting anything.

Which companies? 

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Dr. Gonzo

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43 minutes ago, Devil-Dick Willie said:

Which companies? 

RIOT & MARA for blockchain mining.

SQM (which has been absolutely brilliant for me), LTHM, and LAC (which I no longer hold - I actually sold those shares to buy more RIOT 2 or 3 weeks ago) were my lithium companies.

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Dr. Gonzo

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2 hours ago, nudge said:

Nice, didn't know you put some money into CRSP as well; I must say I expected it to do much worse, so definitely glad to see it exceed my expectations.

I'm currently thinking investing a bit into mRNA technology, but don't want to go for any of the current major covid vaccine players (Moderna, BioNTech), so I'm looking for smaller biotech companies that are working on the same technology but using it for drug development for other diseases instead of covid, hoping they will make a breakthrough in the future. 

The more I learned about CRISPR, the more interested in genome editing and the possible applications of it - it seemed like a technology worth investing in. I wasn’t expecting it to grow the way it did, but I tend to have fairly pessimistic outlooks even on things I’m hopeful about. So yeah, a very pleasant surprise.

I invested in a biotech company that’s actually super fucking close to where I work, weirdly - Sorrento Theraputics - working on treatments for long-term covid effects. They also do cancer research too. It hasn’t worked out so great so far lol - but stocks are a long term thing, so I’m not too worried.

But the last time I invested in a biotech company from San Diego they ended up shortly folding xD - whoopsies

Let me know if any smaller companies working with mRNA’s catch your eye please!

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Rab

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19 hours ago, Dr. Gonzo said:

The more I learned about CRISPR, the more interested in genome editing and the possible applications of it - it seemed like a technology worth investing in. I wasn’t expecting it to grow the way it did, but I tend to have fairly pessimistic outlooks even on things I’m hopeful about. So yeah, a very pleasant surprise.

I invested in a biotech company that’s actually super fucking close to where I work, weirdly - Sorrento Theraputics - working on treatments for long-term covid effects. They also do cancer research too. It hasn’t worked out so great so far lol - but stocks are a long term thing, so I’m not too worried.

But the last time I invested in a biotech company from San Diego they ended up shortly folding xD - whoopsies

Let me know if any smaller companies working with mRNA’s catch your eye please!

Biotechs are always a rollercoaster. The smallest thing can make it fly or die. February was a good month for Bios to begin with until the market shat the bed.

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Dr. Gonzo

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Since I don't want this thread to die, but I don't really know what to talk about really because most of my investments are long term... I'll just post an interesting tool that I think is very helpful for anyone looking to get better returns than average.

This website: www.openinsider.com is good for looking into the trades that insiders of a company that have to report to the USA's SEC. Insiders are officers, directors, and people who own 10% or more of a company... when most people think of "insider trading" they're usually thinking of these insiders breaking the law. But insider trading is only illegal when the insider is buying/selling based off information they have but the public doesn't have. "Insiders" buy and sell stock in the companies they're insiders of all the time.

You can use this site to sort by "insider" type (I mostly just look at CEOs & CFOs) and see how/when they've bought their shares in the company & at what value they paid and how much they paid. Not all of these trades are super useful... you should look into whatever insider made the purchase and look for things like: is the purchase/sale for a significant amount of money (you might have to look into how much these people are paid), how did they get the shares (direct purchases vs. exercising stock options).

Insiders that are officers are a good thing for individual investors like us. We want the company's management to have something at stake, just like us, and to care about the value of the company on the market. And when they are purchasing significant amounts of stock... that's an indication that management has belief the company will grow. Doesn't mean they'll always be right xD - but they're the ones in charge of the company so them having a financial interest in the stock performing well is good incentive for them to do a good job.

But I'm particularly interested in when CFOs (the people who should know the most about the financial information of the company you might be looking to invest in) are buying a significant amount of stock. It means they have good reason to believe that a stock might be undervalued or have significant room to grow in the short or long term.

I know some people use the site as a way to look for short term trends. But I'm not so sure it's that useful for short term investing... and tbh I'm not really a fan of short term investing. But you can look to see if the insider has made multiple purchases over time in the company... and that can be a nice way of judging how a CEO/CFO has viewed the company's long term stock. You can also see when they lost faith and sold.

That + the finance part of Yahoo (because for some reason that one is really good and the finance.google is way more shite in comparison) are really powerful free tools to make better informed investment decisions.

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Dr. Gonzo

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43 minutes ago, MUFC said:

Anyone brought any cheap stocks and shares during the pandemic? 

When the market tanked in March last year?

Yeah - but I always buy shares in companies I believe in whenever the market takes a massive hit. But tbh, I buy shares every month - usually just increasing my holdings of companies that I've already invested in. Whether the market is going up or down. It just ends up that I buy way more shares when the market has tanked... because everything is cheaper.

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