Stock Market Investing

Originally Posted by kss

I dabble with individual stocks and options, but purely for fun/gambling. I do it like some people do the lottery/casino....

I have some SQQQ 3/21/2021 calls that have done very well today.... I have some AUY and some F calls that did not do so well today..... its all a gamble, and gambling can be fun and exciting.... I just wouldnt be betting my whole retirement on any one play (or on any 100 plays..... thats why I buy index funds for that to buy the whole market for that)

I am assuming I am conversing with people who are sharp enough to know not to bet the farm on a lark. I am assuming I am letting people who are sharp enough to listen to information and learn from it know about a source of information that has made a difference in my ability to pick stocks that are most likely to realize gain after I purchase them. I was hoping others had screeners and strategies that they relied on and would be willing to share.

I'll share a couple more....

1. Decide what you are willing to lose and put in a stop when you buy the equity. Personally, I am at about 5%. I will stop out at a 5% loss.

2. Decide what satisfies your goal for a gain of the equity you purchase. I will be happy with a 5% gain. That is what I got from the inverse funds I bought and talked about. One day, 5%.... Not on everything I had. Not on the money allocated for my grandchild's dinner. Money allocated as money set aside to use to invest with the goal of beating the 0.1% interest I would safely realize keeping the money in a bank savings account or the 0.2% I can get from a Cert of Dept. If I can do that once a month with 25% of my warchest, that would be a 15% gain on the whole in an year.

3. If I say I bought something, it does not mean I took every dollar I had and used every cent of it to buy a stock or equity. I have a portion I have decided is worth investing in stocks and I buy stocks in portions of that. I keep it spread out to about three or four stocks at any one time. Right now I am mostly cash and am waiting for the stocks to give a clear indication of their direction.

4. So, I was letting people here who have successfully managed to acquire a refrigerator and is able to figure out how to keep the inside cold and has at least managed to have a bottle of ketchup AND a bottle of mustard INSIDE the refrigerator and a home to keep it in and have enough money set aside that they do not use for cigarettes and beer every week and understand not to let their children die in a hot car rather than leave the AC on to save gas or wind up in a cardboard box on the street because you spent your last cent to buy a pallet of NIB pet rocks,.... Something that has helped me.



So, please, use your head. I am making an assumption I do not have to let the people here know not to dart into the road without looking both ways, or trying to eat 86 hotdogs faster than anyone else, or touching your private parts after dicing three pecks of jalapeno peppers or running with scissors to school, uphill, both ways.<----- for any here who do not know, DON'T DO THAT SCHITT! ...And, I do realize that sometimes, occasionally, someone does put their eye out with that stick.