Metal Sludge Gossip Board

Ok. I’m putting $25,000 into a brokerage account this week. Purely to trade. No long term crap. Gonna use margin and options. Gonna take me a few days to sign the documents and get approval for option and margin trading. I’ll update my trades and balances here. Total transparency. I know I’ll be trading NVDL (leveraged Nvidia fund that trades at double what NVDA . Nvda goes up 3%? NVDL goes up 6%. Same going down. Looking at BLBD. The school bus company. Check the chart. Possibly AMD.

You guys have any stocks you like?

DemonFilth2001 wrote: ↑Wed Jun 05, 2024 3:06 pm Ok. I’m putting $25,000 into a brokerage account this week. Purely to trade. No long term crap. Gonna use margin and options. Gonna take me a few days to sign the documents and get approval for option and margin trading. I’ll update my trades and balances here. Total transparency. I know I’ll be trading NVDL (leveraged Nvidia fund that trades at double what NVDA . Nvda goes up 3%? NVDL goes up 6%. Same going down. Looking at BLBD. The school bus company. Check the chart. Possibly AMD.

You guys have any stocks you like?

You’re going to go broke! YOLO

Demon, please give Nate your login info for the account. Glue sniffing and Faygo is more your thing.

Nate S Axel wrote: ↑Wed Jun 05, 2024 4:03 pm Which brokerage did you choose? Do you have a charting platform? I use TradingView, which I would never go without, but StockCharts is great as well (and cheaper).

I run my scans on Sundays to add different stocks to my watchlist, and then I trade them throughout the week -- always scalping on day trades.

I can send you some of my preset stock screens on Finviz, which you can access everything useful for free.

Are you experienced with options? Be very careful, because that's the easiest way to burn an account.

I’m gonna sign up for Finviz. Never used it. My coworker does. He just showed it to me. Good stuff!

Are you familiar with Dan Zanger?

Chartpattern.com

Coworker subscribes to his service. Swears by it.

As long as you aren't blindly following somebody else's picks, if it helps you learn, go for it. Just DO NOT waste time in chat rooms where everybody is spamming picks and waiting for the "expert" to drop some watchlist.

Remember that every time somebody makes a stock recommendation, by the time they tell you, they were already in it, and when everybody buys it, they'll trim their holdings and eventually sell. Plus, to get the perfect entry on a volatile stock, it can be the matter of seconds, so after they buy, spend a few seconds typing "BUY $BALLZ NOW!", and post it, by the time you see it and make the same move, it's too late. While you can make a little profit, they're the ones that make the most.

Successful "traders" don't spend hours in chat rooms, making recommendations to other traders, or selling courses. They're living their life offline, not online hand-holding n00bz who are going to YOLO their accounts. If you want to rely on another person or service to do the work, send "stock picks", or whatever, just come to Vegas and gamble, since it's similar chances of success.

Learn to read charts or scans yourself. If you just get the basics down, you can at least not LOSE money (cutting your losses quickly). You can get all the info you need for free -- Finviz, Morningstar, StockCharts scans, YouTube, etc. There's no reason to subscribe to anything, aside from chart platforms (Tradingview, StockCharts, etc.).

The hardest part to trading is honestly controlling your emotions. I'm not kidding in saying it took me over a decade to get that under control. Most of my 20s was spent losing money in the stock market. You can memorize every chart pattern, technical indicator, and subscribe to every platform, but you have to control your emotions -- greed, FOMO, over-trading, etc.

• Every time you make a trade, have your end goal in mind. When exactly are you going to sell? What's your price target? I don't care if a stock went up 150% today... as long as I was able to get a few bites, scalp my 5-10% a few times and lock in those profits.

• If a stock is already up and everybody is in it, wait for the pullback or the next trade. There will always be another trade. Don't chase.

• Don't over-trade because you're "bored". Wait for the RIGHT trades and positions.

Nate S Axel wrote: ↑Thu Jun 06, 2024 10:32 am As long as you aren't blindly following somebody else's picks, if it helps you learn, go for it. Just DO NOT waste time in chat rooms where everybody is spamming picks and waiting for the "expert" to drop some watchlist.

Remember that every time somebody makes a stock recommendation, by the time they tell you, they were already in it, and when everybody buys it, they'll trim their holdings and eventually sell. Plus, to get the perfect entry on a volatile stock, it can be the matter of seconds, so after they buy, spend a few seconds typing "BUY $BALLZ NOW!", and post it, by the time you see it and make the same move, it's too late. While you can make a little profit, they're the ones that make the most.

Successful "traders" don't spend hours in chat rooms, making recommendations to other traders, or selling courses. They're living their life offline, not online hand-holding n00bz who are going to YOLO their accounts. If you want to rely on another person or service to do the work, send "stock picks", or whatever, just come to Vegas and gamble, since it's similar chances of success.

Learn to read charts or scans yourself. If you just get the basics down, you can at least not LOSE money (cutting your losses quickly). You can get all the info you need for free -- Finviz, Morningstar, StockCharts scans, YouTube, etc. There's no reason to subscribe to anything, aside from chart platforms (Tradingview, StockCharts, etc.).

The hardest part to trading is honestly controlling your emotions. I'm not kidding in saying it took me over a decade to get that under control. Most of my 20s was spent losing money in the stock market. You can memorize every chart pattern, technical indicator, and subscribe to every platform, but you have to control your emotions -- greed, FOMO, over-trading, etc.

• Every time you make a trade, have your end goal in mind. When exactly are you going to sell? What's your price target? I don't care if a stock went up 150% today... as long as I was able to get a few bites, scalp my 5-10% a few times and lock in those profits.

• If a stock is already up and everybody is in it, wait for the pullback or the next trade. There will always be another trade. Don't chase.

• Don't over-trade because you're "bored". Wait for the RIGHT trades and positions.

I know how to read charts and all that. I was a stockbroker before the .com bubble. Got out because of that same bubble! Just been ages since I’ve been really active personally. I’ve invested. But not actively trading multiple times per day.

Who do you trade through? I’m gonna use Schwab for now. My buddy uses Interactive Brokers.

DemonFilth2001 wrote: ↑Thu Jun 06, 2024 2:30 pm I know how to read charts and all that. I was a stockbroker before the .com bubble. Got out because of that same bubble! Just been ages since I’ve been really active personally. I’ve invested. But not actively trading multiple times per day.

Who do you trade through? I’m gonna use Schwab for now. My buddy uses Interactive Brokers.

Good choice! I love Schwab. I have everything with them -- trading accounts (margin AND cash), checking/savings, retirement accounts, and Schwab AMEX.

The trading executions on the mobile app are fast as well, which is huge. Sometimes I'll trade off the 1-second charts, so a second is a big deal.

Since Schwab acquired TD Ameritrade a few years ago, you also have access to ThinkOrSwim, which tons of traders love.

Here are a few to check out

VOO
KO
AVGO
CMG (chipotle 50/1 stock split)

…

DemonFilth2001 wrote: ↑Wed Jun 05, 2024 3:06 pm Ok. I’m putting $25,000 into a brokerage account this week. Purely to trade. No long term crap. Gonna use margin and options. Gonna take me a few days to sign the documents and get approval for option and margin trading. I’ll update my trades and balances here. Total transparency. I know I’ll be trading NVDL (leveraged Nvidia fund that trades at double what NVDA . Nvda goes up 3%? NVDL goes up 6%. Same going down. Looking at BLBD. The school bus company. Check the chart. Possibly AMD.

You guys have any stocks you like?

Still trading? How's your account doing?

The S&P 500 is my bitch this year, like Papa Doc choking against Eminem at the end of 8 Mile.

Fuck diversification. I put it all into Tesla. Let me check to see how it’s doing…

DonJuanDeMarco wrote: ↑Tue Mar 11, 2025 6:24 pm Fuck diversification. I put it all into Tesla. Let me check to see how it’s doing…

You gotta diversimify with the Palantir...

DonJuanDeMarco wrote: ↑Tue Mar 11, 2025 6:24 pm Fuck diversification. I put it all into Tesla. Let me check to see how it’s doing…

Nate S Axel wrote: ↑Mon Mar 03, 2025 10:22 pm So far YTD 2025 the S&P is up 1.44%, while I'm up 26.98%.

Through yesterday, the S&P 500 is down 5.02% YTD, while my account is up 34.23%, and another green day today. I haven't had a red day since January.

I probably won't keep up this pace the whole year, but for somebody like me that doesn't care about other issues, this is an excellent market for (day) traders.

Just call me a Native American, because I'm scalping these markets every day.

The company I work for is switching our 401K plan from Fidelity to Schwab as I type, so I'll have two brokerage accounts soon.

I'm a little confused how it's going to play out, not sure of any advantages of Fidelity vs Schwab, guess I'll find out.

My balance got quite the haircut over the last few weeks as I'm tech heavy, but it was up a ridiculous amount going in so still double digits green. Except ARM, that tanked hard (but I'm in long,thinking 2027- 2028 at the earliest). I'm impressed with VISA, I've held for almost a year and was up 30% until very recently, post haircut it's 20%.

EzyRider wrote: ↑Wed Mar 12, 2025 9:02 pm I'm a little confused how it's going to play out, not sure of any advantages of Fidelity vs Schwab, guess I'll find out.

ThinkOrSwim is excellent, which Schwab owns since it purchased TD Ameritrade. Not sure how active you want to be, but it's a huge advantage, especially with Level II access.
https://www.schwab.com/trading/thinkorswim

Nate S Axel wrote: ↑Wed Mar 12, 2025 9:16 pm

EzyRider wrote: ↑Wed Mar 12, 2025 9:02 pm I'm a little confused how it's going to play out, not sure of any advantages of Fidelity vs Schwab, guess I'll find out.

ThinkOrSwim is excellent, which Schwab owns since it purchased TD Ameritrade. Not sure how active you want to be, but it's a huge advantage, especially with Level II access.
https://www.schwab.com/trading/thinkorswim

ThinkOrSwim looks awesome and I love the name. Still waiting for my Schwab account to get online, may take a few weeks.

I'm more of a hold 'em guy but it's good to be agile. Still kicking myself I didn't sell PLTR at +60-70% after holding it a few weeks. Still up, but I would have made 5 figures.

DemonFilth2001 wrote: ↑Wed Jun 05, 2024 3:06 pm Ok. I’m putting $25,000 into a brokerage account this week. Purely to trade. No long term crap. Gonna use margin and options. Gonna take me a few days to sign the documents and get approval for option and margin trading. I’ll update my trades and balances here. Total transparency. I know I’ll be trading NVDL (leveraged Nvidia fund that trades at double what NVDA . Nvda goes up 3%? NVDL goes up 6%. Same going down. Looking at BLBD. The school bus company. Check the chart. Possibly AMD.

You guys have any stocks you like?

Did you go broke yet? What's your portfolio look like now? Update us.

I got severely ass raped, no lube. Most of my holdings are in the red, double digit red.

I cashed out a chunk of my holdings before it went south though, so I am holding a fat stack of cash.

I'm toying with the idea of loading up while the fire sale is still on. Seems a little risky, but it can't go down forever? Right??

Any options that make sense in these terribly tumultuous tariff times??

EzyRider wrote: ↑Mon Apr 07, 2025 8:58 am I got severely ass raped, no lube. Most of my holdings are in the red, double digit red.

I cashed out a chunk of my holdings before it went south though, so I am holding a fat stack of cash.

I'm toying with the idea of loading up while the fire sale is still on. Seems a little risky, but it can't go down forever? Right??

Any options that make sense in these terribly tumultuous tariff times??

I mean it will eventually go up. When, who knows with this current government.

Turbulent times for sure. Recession looking inevitable.

Just dollar cost average if you're concerned about dips.

Also what is your timeframe for investing?

It's all about the cha-chiiing!

Fire sale not completely over yet.

There's gotta be something good at a heavy discount right now!

pieceofme wrote: ↑Mon Apr 07, 2025 2:36 pm
Also what is your timeframe for investing?

This is my big problem. I got like 10 years before Imma be retirement age. This cunt just slowed my shit down by 3-4 years.

It's liiiiike yeah, the market will recover, but I ain't got no time for this fuckery.

Nate is the trading king!! I'm learning something here, I like the active trading-small gains theory.

A small piece of pie is always better than no pie! Maybe I should say 'F it' and set up a Bloomberg terminal next to my PC at work and get busy!!

It helps if I can get advice like this though > "THIS IS A GREAT TIME TO BUY!!! DJT" https://apnews.com/article/trump-truth- ... 641ca52669

The ultimate insider trade!! I wonder what the SEC thinks about this haha