Trading the stockmarket (NO Referrals)

sanaxe1 · 4 Mar 2021 at 15:42

The markets are just fixed. They all follow the same patterns at the exact same time, doesn't matter how unrelated the stocks are. I'm sure it's just some algorithm at work but it has too much Control over the market.

mid_gen · 4 Mar 2021 at 15:46

sanaxe1 said:
The markets are just fixed. They all follow the same patterns at the exact same time, doesn't matter how unrelated the stocks are. I'm sure it's just some algorithm at work but it has too much Control over the market.

Markets have been running off sentiment rather than business fundamentals for some time. They always do to some extent of course, but particularly right now.

A lot of it is algos and day traders just slicing off profits from the volatility too. There's not some mysterious overlord controlling it, it's just markets at work.

Delvis · 4 Mar 2021 at 15:57

muttclugg said:
I use https://uk.tradingview.com/ but I'm fairly new to all of this so I'm sure someone will have something better.

Thanks, will check it out.

Gaygle · 4 Mar 2021 at 16:04

I'm guessing this red is just seen to be a correction that hits every few months?

mid_gen · 4 Mar 2021 at 17:00

Volatility = opportunity. The markets in general are torn between "wow these valuations are getting quite out of hand", and "where else am I going to get a return on all this money?".

PCDAVE2 · 4 Mar 2021 at 17:56

Hmmm...so NASDAQ heading into correction territory. Powell speaks and then yields spike again. More red.

mid_gen · 4 Mar 2021 at 18:20

Ended up pretty much even today after buying into some of the drops.

Tomorrow will be interesting....

mattx2 · 4 Mar 2021 at 18:47

So glad I opened up a 401k last month and stuck a load into US tech.

ltron · 4 Mar 2021 at 18:55

sanaxe1 said:
The markets are just fixed. They all follow the same patterns at the exact same time, doesn't matter how unrelated the stocks are. I'm sure it's just some algorithm at work but it has too much Control over the market.

I've noticed that too.

ltron · 4 Mar 2021 at 19:03

Delvis said:
Are there particular sites people use to look up Stock info? Ones like ADVFN are clunky and apparently you need to subscribe to use anything nowadays.

https://simplywall.st is very good in my experience.

englishpremier · 4 Mar 2021 at 19:13

PCDAVE2 said:
Hmmm...so NASDAQ heading into correction territory. Powell speaks and then yields spike again. More red.

Not just the Nasdaq down though or even overpriced stocks. Things like Walmart are down, people aren't suddenly going to stop shopping there. Walmart have also sorted out their online now which will allow them to better to compete with Amazon.

Had stop losses which were really take profit, kick in on MSFT. It's not like there isn't going to be demand for Office and Windows, or cloud growth is suddenly going to stop, or even slow down much this year. They absolutely smashed it recently.

McDonalds is down. I bet a lot of stimulus checks (will use the US spelling since we're talking about that region) will be spent there and at Walmart.

Russinating · 4 Mar 2021 at 19:14

ltron said:
https://simplywall.st is very good in my experience.

Nice site that, thanks. Makes SLP look like an absolute steal still! https://simplywall.st/stocks/gb/materials/aim-slp/sylvania-platinum-shares

Minusorange · 4 Mar 2021 at 20:08

When does Joe's stimulus get passed ? Should see markets go back green when the money printer starts brrrrrring again

BennyC · 4 Mar 2021 at 20:38

mid_gen said:
Well, bought heavy into the dip on INRG today...no doubt this'll be the week it doesn't bounce

In at 972....looks good for the bottom so far..

I think INRG was definitely overbought but I'm surprised to see it struggling to hold the £10 mark, then again it's hard to know how much of the last years gains relate to Biden and what relates to fundamentals.

Buying and holding, like you I've been averaging down on the drops. It's not one I'm looking to trade and I'm quite comfortable to see it retrace and stablise.

Gaygle said:
Also, what's everyone doing with their NIO stock? They loading up in the dip or are people cutting their losses ditching them all together? They're clearly a long term hold, so I would like to think the former rather than the latter

Bought the dip.

I quite like seeing how Baillie Gifford (American Class B) adjust their top 10 month on month. Obviously it's had a bumper run, they've reduced their holding (within the fund) by around 40% and Moderna has just crept in to the top 10.

arknor · 4 Mar 2021 at 21:11

I thought there was a better energy ETF now that doesn't have plug power as its top holding

caff · 4 Mar 2021 at 21:22

I'm guessing like a lot of you, my positions are all badly red right now. I felt good after gaining 8% on M&S shares, but my Nvidia holding has taken an absolute battering.

I want to cash out within the next 4-5 months but not with a loss. Guess I've got to ride this out.

arknor · 4 Mar 2021 at 21:33

caff said:
I'm guessing like a lot of you, my positions are all badly red right now. I felt good after gaining 8% on M&S shares, but my Nvidia holding has taken an absolute battering.

I started bailing on stuff over the last few days, anything green I thought might come down is gone, anything red that looks like it will go a deeper shade is gone.
I was watching TSLA, NVDA, AMZN, BABA etc for the last 30 minutes wondering whether to buy the dip.

but I don't think it's the dip yet, tomorrow is sure horrible, I don't think I consider any buys until midpoint of next week unless I see crazy volumes

I did pick up some dividend stocks though like AT&T and AQN which I doubt will move down/up

BennyC · 4 Mar 2021 at 21:37

arknor said:
I thought there was a better energy ETF now that doesn't have plug power as its top holding

Not that I know of? I have some L&G Battery and Clean Water. Looking to build another position so I'm open to options.

https://www.etf.com/sections/features-and-news/wind-turns-clean-energy-etfs?nopaging=1

Bes · 4 Mar 2021 at 21:44

m

ltron said:
https://simplywall.st is very good in my experience.

mm... I searched for a few of my holdings in there and the info being given was not correct.

caff · 4 Mar 2021 at 21:44

arknor said:
I started bailing on stuff over the last few days, anything green I thought might come down is gone, anything red that looks like it will go a deeper shade is gone.
I was watching TSLA, NVDA, AMZN, BABA etc for the last 30 minutes wondering whether to buy the dip.

but I don't think it's the dip yet, tomorrow is sure horrible, I don't think I consider any buys until midpoint of next week unless I see crazy volumes

I did pick up some dividend stocks though like AT&T and AQN which I doubt will move down/up

Maybe I should steer clear of stock news for a while. I don't fancy committing more spare cash at times like this, even though it might be a good idea. I'll just hold and ride it. Having watched NVDA drop (for, in my humble opinion, no good reason) for 3 days in a row, I'm just feeling a bit deflated