/biz/ - Business & Finance

>>17147654
Don't lurk /biz/ unless you're just here for the comedy. Anons here are mostly liars, idiots and financially inept... Most don't have or don't even know what a high yield savings account even is and that says a lot. If you want to grow your wealth the very first step you must take is open a fucking high yield savings account. Because to get into crypto and stocks you obviously need money, so you have to wagecuck your way up and save as much money as you can... And while you do that just use Google and Youtube to study. You don't even need to pay for college or books because all you'll ever need you can find it free on the internets.

>>16763062
just a suggestion for the PENNY STOCK WARRIORS like me. If you gonna swing trade penny stocks always buy the fucking dip. If you can't get the dip then don't buy it!! Just wait till there's another dip. When penny stock go up a little people get cold feet and always sell for a tiny profit, so there's always an opportunity to get in. You just have to wait. Stalk the RSI indicator to make it easier to get in.

Another thing is, never, and I repeat NEVER BUY PENNY STOCKS AFTER THEY HAVE BLOWN UP. You have to look for ones with potential and you do that by doing a scan 1 or 2 hours before AFTER MARKET. Don't ever buy during AFTER MARKET because you gonna get scammed, especially on Robinhood prices tend to be higher than they actually are and then you buy and instantly go Red.

Anyway, now set your scan to look for stocks under $1, with at least 1 million in Volume minimum and a growth between 0% to 5%... You could do 10% but that is pushing it. Too much growth means the stock already blew up during the day and chances of it going up the next day are slim.

After you pick 3 or 4 stocks and put it on your Watchlist then you look them up on Google to see if there are bad news. If there are bad news then delete it. If there are good news then bet the farm on that stock. If there aren't any news it's fine too, just buy some shares.

Now comes the hard part. You have to wait for the dip to get in, that's why you need to do it at least 1 hour before AFTER MARKET. Buying the dip lowers the risk considerably and ensures that you make a profit unless the stock does a complete reversal. But negative reversals only happen when there are bad news and that's why you have to do a quick research on the stock... As long as there are no bad news and you bought the dip there's a really high chance you gonna make a profit when you sell the next day even if it's $5 or $10.

Also using Robinhood is fine but you need a way to scan and analyze stocks, so install ThinkOrSwim.

>>16763062
just a suggestion for the PENNY STOCK WARRIORS like me. If you gonna swing trade penny stocks always buy the fucking dip. If you can't get the dip then don't buy it!! Just wait till there's another dip. When penny stock go up a little people get cold feet and always sell for a tiny profit, so there's always an opportunity to get in. You just have to wait. Stalk the RSI indicator to make it easier to get in.

Another thing is, never, and I repeat NEVER BUY PENNY STOCKS AFTER THEY HAVE BLOWN UP. You have to look for ones with potential and you do that by doing a scan 1 or 2 hours before AFTER MARKET. Don't ever buy during AFTER MARKET because you gonna get scammed, especially on Robinhood prices tend to be higher than they actually are and then you buy and instantly get Red.

Anyway, now set your scan to look for stocks under $1, with at least 1 million in Volume minimum and a growth between 0% to 5%... You could do 10% but that is pushing it. Too much growth means the stock already blew up during the day and chances of it going up the next day are slim.

After you pick 3 or 4 stocks and out it on your Watchlist then you look them up on Google to see if there are bad news. If there are bad news then delete it. If there are good news then bet the farm on that stock. If there aren't any news it's fine too, just buy some shares.

Now comes the hard part. You have to wait for the dip to get in, that's why you need to do it at least 1 hour before AFTER MARKET. Buying the dip lowers the risk considerably and ensures that you make a profit unless the stock does a complete reversal. But negative reversals only happen when there are bad news and that's why you have to do a quick research on the stock... As long as there are no bad news and you bought the dip there's a really high chance you gonna make a profit when you sell the next day even if it's $5 or $10.

Also using Robinhood is fine but you need a way to scan and analyze stocks, so install ThinkOrSwim.

>>16748605
this is just the same shit as Tesla just a few months ago when the stock reversed and stockholders went into a panic selling all their shit just because some unknown Asian company was announced as a major competitor... And as ALWAYS any reaction in the market is an overreaction. I learned this from a youtuber and it is the truth... Every reaction in the market is always an overreaction.

BYND went down by like 0.3% because some competitors no one has ever even heard about before appeared and that's enough to make people lose their minds... But look into their partnerships, it's not like their contracts with Burger King, KFC and Subway are gonna be cancelled overnight, and the testing with MCdonalds is still going. So just put the stock on a Watchlist and wait... If the partnership with MC happens then buy the stock as soon as possible and wait for the imminent blow up and then when it's up and losing momentum you sell it. If the partnership never happens then don't buy. That's how you make money in this shit because dividends are just too little, too slow.

K doesn't move, there is no money to be made there... Maybe by trading some options you might make something tho.