(06-05-2020, 04:41 AM)Zubrowka Wrote: If you are in for the stock market for long term I would recommend you to take a look on value investment strategy. I.e. understanding how to value the underlying businesses that you are buying and understanding what things you need to check to find a business that is solid. I love reading some of Warren Buffets quotes regarding this:

Quote:No matter how much or how little you’re buying, you should be able to get your reasoning down on paper without relying on outside resources, Buffett told Becky Quick on CNBC’s “Squawk Box” on Monday.

“Everybody when they buy a stock should be able to take a yellow pad” and write down exactly why they plan to invest in that particular company, Buffett said.
He also doesn’t think investors should worry about how the stock will perform in the near term. If you want to predict what the stock price is going to do, “you can have a separate piece of paper,” he said. Rather, Buffett recommends focusing on businesses that will hold their value over time. As he told CNBC in 2018, “nobody buys a farm based on whether they think it’s going to rain next year.”
“You’re buying businesses,” Buffett told Quick on Monday. Because people can “make decisions every second with stocks,” as opposed to investing in a physical entity like stores or farms, “they think an investment in stocks is different than an investment in a business. But it isn’t.”

https://www.cnbc.com/2020/02/24/warren-buffett-dont-buy-stocks-because-you-think-they-will-perform.html

(06-06-2020, 08:55 AM)Shannon Wrote: How does one handle taxes with day trading?  I'm presuming that what you are doing and talking about is called day trading... where you are focusing on fast profits from buying and selling in the short term.  Taxes is one of the things I'm not sure I understand about trading just yet and haven't had a chance to read about it.  It would seem incredibly easy to make money consistently by putting your money into, say, 10-20 good stocks, setting a sell order that only executes if and when it's up X%, and just leaving it alone until it sells.  Then you go find some other stock, and do it again.  Seems foolproof, as long as you're patient.  But I don't want to get into tax hell.

(06-06-2020, 08:55 AM)Shannon Wrote: How does one handle taxes with day trading?  
Taxes? What are those, lol?

I'm presuming that what you are doing and talking about is called day trading... where you are focusing on fast profits from buying and selling in the short term.
Ah semantics, thy be a bitch, I am but not since I like to hold stocks for more than 24 hours, day traders strictly trade in same day only.

Taxes is one of the things I'm not sure I understand about trading just yet and haven't had a chance to read about it.  
Me too, I must check on that soon but I think I pay 40%of my profit goes to taxes.

It would seem incredibly easy to make money consistently by putting your money into, say, 10-20 good stocks, setting a sell order that only executes if and when it's up X%, and just leaving it alone until it sells.  Then you go find some other stock, and do it again.  Seems foolproof, as long as you're patient.  But I don't want to get into tax hell.
Only looks like a hell and do I sense a little resistance about taxes, hmm? Jk.  
Easy but slower than I want to go.  It’s good but as more of a passive income, like a sub, set it and forget it.

(06-09-2020, 02:22 PM)Shannon Wrote: I learned about Nikola by an article that said its founder said he could "out Elon" Elon.  So they copy the naming architecture... and the copy the goal... and they back hydrogen fuel cell... and they have a founder who thinks he's better at doing this than Elon... I just have to laugh.  No qualms about owning no stock in Nikola.

Nikola will cash and burn if all they're focused on is hydrogen.  Or they will get into a niche and stay small, that's my bet.  Hydrogen makes no sense to me.