Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[lewdog]

I was going to post this in the stock trading thread but it doesn't get as much action as this one.

I'm a skilled enough trader to know when to take a trade and when to get out. My problem at this point in life is a time crunch. Making time to scan and find setups is proving to be challenging. I just don't have the time to make this a consistent habit daily.

I am willing to pay for a service that sends me stock trading alerts but there are SO MANY out there, and tons of scams. Does anyone here actually use something they find valuable? I know we have a few day traders here and I was wondering if they would share some insights for me.

[UteChief]

Originally Posted by lewdog

I was going to post this in the stock trading thread but it doesn't get as much action as this one.

I'm a skilled enough trader to know when to take a trade and when to get out. My problem at this point in life is a time crunch. Making time to scan and find setups is proving to be challenging. I just don't have the time to make this a consistent habit daily.

I am willing to pay for a service that sends me stock trading alerts but there are SO MANY out there, and tons of scams. Does anyone here actually use something they find valuable? I know we have a few day traders here and I was wondering if they would share some insights for me.

Are the alerts through your broker insufficient? Also, you could set up good til cancelled trades or there is an option to set up multiple trades on a ticket. It’s been a while so I don’t recall the name.

[lewdog]

Originally Posted by UteChief

Are the alerts through your broker insufficient? Also, you could set up good til cancelled trades or there is an option to set up multiple trades on a ticket. It’s been a while so I don’t recall the name.

Sorry, I might not have been clear.

I’m talking stock trading. Paying for someone to send me setups and trade ideas. I have no problem setting trades, it’s taking the time to find good day trades or swing trades. Plenty of services that will do this but there’s so many I don’t know which are real and useful.

I do plenty of basic and passive investing in other accounts, this is just for a trading account I’ve had for years.

[UteChief]

Originally Posted by lewdog

Sorry, I might not have been clear.

I’m talking stock trading. Paying for someone to send me setups and trade ideas. I have no problem setting trades, it’s taking the time to find good day trades or swing trades. Plenty of services that will do this but there’s so many I don’t know which are real and useful.

I do plenty of basic and passive investing in other accounts, this is just for a trading account I’ve had for years.

I wondered if Motley Fool is worth it.

[Rain Man]

Originally Posted by UteChief

I wondered if Motley Fool is worth it.

I haven't used their paid services, but they put out free stock tips, and every single one of them that I experimented with completely tanked. I think their free service is more of a "do the opposite of this" resource, and I've seen a few indicators that their writers are inexperienced investors at best.

That said, a friend of mine has subscribed and says that their bulletin board forum has some savvy investors in it.

[lewdog]

Originally Posted by UteChief

I wondered if Motley Fool is worth it.

They do long term investing I think. I’m looking for day trade and swing trade setups.

[Buehler445]

Originally Posted by lewdog

They do long term investing I think. I’m looking for day trade and swing trade setups.

You're talking like a stock screener?

Like you need a report of X indicator does Y for ABC, Inc. ?

Or are you looking for screeners that will spit out ratios off financials? Companies with P/E X and debt:equity Y?

[rydogg58]

Originally Posted by Buehler445

You're talking like a stock screener?

Like you need a report of X indicator does Y for ABC, Inc. ?

Or are you looking for screeners that will spit out ratios off financials? Companies with P/E X and debt:equity Y?

He's talking about groups that will do the screening for you. They'll usually send a text letting you know they like the setup of a certain stock, and watch for a particular entry point, and likely exit point.

I was in a few of them years ago, it was hit and miss, but if I remember right, I came out alright after the subscription fees. There's a lot of them out there, and some of them charge a lot. I've always wondered how profitable some of the more expensive ones were.

[rydogg58]

Forgot to add, the groups I used to belong to are no longer active. Bullishbears was one I was looking into a while back. I just checked and it appears they are still active and a basic subscription is around 70 a month. Again, I don't use any, just one I was looking into.

[Buehler445]

Originally Posted by rydogg58

He's talking about groups that will do the screening for you. They'll usually send a text letting you know they like the setup of a certain stock, and watch for a particular entry point, and likely exit point.

I was in a few of them years ago, it was hit and miss, but if I remember right, I came out alright after the subscription fees. There's a lot of them out there, and some of them charge a lot. I've always wondered how profitable some of the more expensive ones were.

Ah, yeah, I'd steer clear of almost all that. Maybe there are some good ones out there, but if they were good tips, they'd just trade them and not need the subscription fees.

I'm open to being wrong, but I'd be real ****ing weary of that stuff. Seems to me to be limited upside for them and there would be real incentive to bullshit you and take the other side of the trade.

[rydogg58]

Originally Posted by Buehler445

Ah, yeah, I'd steer clear of almost all that. Maybe there are some good ones out there, but if they were good tips, they'd just trade them and not need the subscription fees.

I'm open to being wrong, but I'd be real ****ing weary of that stuff. Seems to me to be limited upside for them and there would be real incentive to bullshit you and take the other side of the trade.

I was always hesitant when I joined. I actually first started using them because I knew jack shit about day trading. I joined one just to see why they thought stocks would do what they said. I rarely did their trades, and just tried to learn more. It's what I got out of it, and it's just not something I would use today.

[ghak99]

Believe it or not, there's a couple guys on tiktok who day trade live regularly. I believe one of them has a subscription based program where he'll send you his prospect list ahead of time, but those deals always felt pretty scamish to me. The lives were interesting though and if you wanted to you could follow his trades move for move all live long.

It's basically the old man equivalent of video game streaming for the nerds or get ready with me makeup sessions for the girls.

[lewdog]

Originally Posted by rydogg58

He's talking about groups that will do the screening for you. They'll usually send a text letting you know they like the setup of a certain stock, and watch for a particular entry point, and likely exit point.

I was in a few of them years ago, it was hit and miss, but if I remember right, I came out alright after the subscription fees. There's a lot of them out there, and some of them charge a lot. I've always wondered how profitable some of the more expensive ones were.

This right here. This is what I’m looking for.

[Buehler445]

Originally Posted by Rain Man

Okay, question of the day. Boeing (BA)

Option A. Buy more because the stock has been beaten down by all of the technical problems, and at some point they'll get it all straightened out and make that money back.

Option B. Hold it if you've got it, because it's a blue chip with a big moat. Every portfolio should have some.

Option C. Sell it. They can't seem to get their act together, and it's going to have big downstream effects.


I've been running with Option B for a long time, and it hasn't paid off. About five years ago I was making great money on it, and then it got chopped in half with the various problems. Right now I'm a little in the red on the price, though dividends probably eke it a little above breakeven for me. But at best I'm not keeping up with inflation on it.

I don't have a lot of it, but it's one of those stocks that I feel like everyone should have in their portfolio if they're diversified. Frankly, though, I'm reaching my limit on patience and I'm not overly confident that they're going to work through all of their problems in time to avoid big losses in orders and sales. I'm moving toward Option C at this point.

What do y'all think?

What did you end up doing?

Boeing has taken a whoppin since 1/24 to the tune of $26.35.


But I heard this podcast and thought of you. I thought it was pretty interesting. I didn't realize the moat they had over the industry.

Still have no clue what I'd do, but it is interesting.

EDIT: I think this has some NSFW language on it.

[Rain Man]

Originally Posted by Buehler445

What did you end up doing?

Boeing has taken a whoppin since 1/24 to the tune of $26.35.


But I heard this podcast and thought of you. I thought it was pretty interesting. I didn't realize the moat they had over the industry.

Still have no clue what I'd do, but it is interesting.

EDIT: I think this has some NSFW language on it.

I tend to not make big moves these days so I still have most of it, but I've started selling it off in small amounts.