I made 300% in the last 9 months on mostly oil stocks as an amateur investor. SM, QEP, MTDR (Matador), CDEV (Centennial), FTSI (everyone thought was a shit show and jumped about 5x), BTE (Baytex), and TSLA. That with being my first time ever ever in stocks and learning as I go and making some mistakes and listening to doubt from other people. I didnt catch the FTSI jump cuz I let everyone get in my head about it being doomed and sold it as soon as I broke even, though I said for months it's going to have a huge rally.
I learned not to trust the "experts" because you might as well flip a coin. I look at the news of the specific companies, the industries, I watch the s&p 500 futures for a rough estimate of how the market overall will go, I watch for Kung Flu News, and I noticed that Trump had a huge effect on the market. And I look for patterns, like every second Tuesday this stock jumps up and on Friday it starts to come down, for example.
Like I said I'm an amateur at it so I wouldn't want to give advice but I've hit big, lost a little, could've hit bigger, and overall done well to where I'm satisfied. O didn't look at anything or get into before last year and didn't learn and study as much as I could have but its been interesting and fun and worth it. I love the idea, we should be sharing helpful advice for all of us to make money. The problem I've seen on forums online where people throw there advice around is a lot of times they're trying to convince others to buy so whatever they invested in will go up but not because it was just to be helpful and would've jumped anyway...just to try to help themselves possibly at the expense of those they're advising, with no remorse.
I was telling everyone I knew to buy Tesla when it was about $20/share. 9.5 out of 10 articles were dumping on it saying how its going nowhere fast, a flash in the pan, etc. And these were from so-called experts. Because of then and now I don't rely very much at all on these experts. If they were really that good, would they be taking a check from these companies for 150k a year or dumping all their money into their "perfect" buys and retiring already? I think Tesla is rocky but it will hit 2k again no problem...but its just a guess and I havent bought back in since I sold everything in it cuz its so expensive.
I'm a regular guy with not a ton of cash so thats why I watch the smaller stocks mostly. I can afford to buy 1000 of Baytex but not 1000 of Tesla lol I wish
I made 300% in the last 9 months on mostly oil stocks as an amateur investor. SM, QEP, MTDR (Matador), CDEV (Centennial), FTSI (everyone thought was a shit show and jumped about 5x), BTE (Baytex), and TSLA. That with being my first time ever ever in stocks and learning as I go and making some mistakes and listening to doubt from other people. I didnt catch the FTSI jump cuz I let everyone get in my head about it being doomed and sold it as soon as I broke even, though I said for months it's going to have a huge rally.
I learned not to trust the "experts" because you might as well flip a coin. I look at the news of the specific companies, the industries, I watch the s&p 500 futures for a rough estimate of how the market overall will go, I watch for Kung Flu News, and I noticed that Trump had a huge effect on the market. And I look for patterns, like every second Tuesday this stock jumps up and on Friday it starts to come down, for example.
Like I said I'm an amateur at it so I wouldn't want to give advice but I've hit big, lost a little, could've hit bigger, and overall done well to where I'm satisfied. O didn't look at anything or get into before last year and didn't learn and study as much as I could have but its been interesting and fun and worth it. I love the idea, we should be sharing helpful advice for all of us to make money. The problem I've seen on forums online where people throw there advice around is a lot of times they're trying to convince others to buy so whatever they invested in will go up but not because it was just to be helpful and would've jumped anyway...just to try to help themselves possibly at the expense of those they're advising, with no remorse.