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Trading stocks daily

Discussion in 'Stock Market and Economy news' started by Admin, May 4, 2020.

  1. Admin

    Admin Administrator
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    I have been asked that can one trade stocks daily in Nigeria? And the answer is yes and no.

    see detail answer soon.
     
  2. Melvin

    Melvin Active Member

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    which Nigerian stocks are most likely to give highest returns this period?
     
  3. MichaelMiller

    MichaelMiller New Member

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    If you are interested in local stocks, try to check local economic newspapers. You may also keep track of companies' stocks that you are interested in, or you think that their price might rise in the future. Besides, start looking for a broker, since you cannot buy or sell stocks by yourself. Truthfully, I started with re-searching what are stock exchange markets and how do they work. Later I started to monitor some companies and tried to predict their price per share. My advice to you read and research as much as possible about different Public Limited Companies.
     
    #3 MichaelMiller, Oct 6, 2020
    Last edited by a moderator: Oct 7, 2020
  4. DylanBrown

    DylanBrown New Member

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    To determine where it is best to invest money, you need to consider the main characteristics of stocks.
     
  5. OmoAlaji

    OmoAlaji Member

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    Today I will be buying more of the United state stock market stocks. I want to buy NVDIA, and Facebook.

    both stocks have been beat up recently and they will pick up big.
     
  6. OmoAlaji

    OmoAlaji Member

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    How many of you are buying the united state stocks for today? in our watsapp group. some people are saying tha they want to buy transcorp stocks. What do you guys think about it?
     
  7. OmoAlaji

    OmoAlaji Member

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    Trading stocks daily is fun thing to do if you are making money. but if you don't know what you are doing and you are losing money. Then daily stock trading is not for you. It's then better to embark on a long term stock buying and holding. A method that has proven profitable for years.
     
  8. OmoAlaji

    OmoAlaji Member

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    Day trading is the act of buying and selling a financial instrument within the same day or even multiple times over the course of a day. Taking advantage of small price moves can be a lucrative game—if it is played correctly. But it can be a dangerous game for newbies or anyone who doesn't adhere to a well-thought-out strategy.


    Not all brokers are suited for the high volume of trades made by day traders, however. But some brokers are designed with the day trader in mind. You can check out our list of the best brokers for day trading to see which brokers best accommodate those who would like to day trade.


    The online brokers on our list, Fidelity and Interactive Brokers, have professional or advanced versions of their platforms that feature real-time streaming quotes, advanced charting tools, and the ability to enter and modify complex orders in quick succession.


    Below, we'll take a look at some general day trading principles and then move on to deciding when to buy and sell, common day trading strategies, basic charts and patterns, and how to limit losses. - From investopedia.
     
    Melvin likes this.
  9. OmoAlaji

    OmoAlaji Member

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    Today we are trading both the Nigerian Stock exchange and the American stock exchange. good stuff loading. we made some cool money yesterday and we want to try it again today to see if we can make money from some tech stocks.

    Also, we are expecting some correction but it is what it its. We make money.
     
  10. Adewale Stock

    Adewale Stock Moderator
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    My list, MTN, Access bank, GTB, I want these stocks today and I'll let you all know how it does by next year.
     
  11. Adewale Stock

    Adewale Stock Moderator
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    U.S. stocks jumped for a second day as fears around a crisis in China’s property market eased somewhat and as the Federal Reserve kept current monetary stimulus in place for just a little bit longer.

    The Dow Jones Industrial Average gained 506 points, or 1.5%. The S&P 500 rose 1.3% and the Nasdaq Composite gained 1%.


    Thursday morning gains pushed the Dow and S&P into the green for the week. They’re up 0.5% and 0.4%, respectively. The Nasdaq is down 0.1% for the week.

    Salesforce led the index with a 5% gain after the cloud company raised its full-year 2022 revenue guidance. Darden Restaurants led the S&P, jumping more than 5% after reporting strong quarterly earnings.

    Stocks linked to a global economic recovery were higher. General Electric shares added about 5%. Las Vegas Sands, which has big China exposure, rose 3%. Caterpillar added 2%. Energy stocks were also higher.

    Bank stocks, which are typically viewed as cyclical stocks whose performance is tied to the path of the economy, rose as Treasury yields climbed higher. JPMorgan, Bank of America and Citibank added about 3%. Regional banks, which tend to trade closely along with the 10-year, like Regions and Fifth Third gained more than 4%.

    Hong Kong’s Hang Seng index rebounded more than 1% from losses this week with China property developer Evergrande Group rallying more than 17%. On Wednesday, the company eased fears a bit by resolving payment on a local bond.


    But global investors are still waiting on whether the company will pay $83 million in interest on a U.S. dollar-denominated bond due Thursday. Government regulators instructed Evergrande to avoid a near-term dollar bond default, Bloomberg News reported, citing a person familiar.

    At the same time, Wall Street Journal reported early Thursday that the Chinese government is asking local authorities to prep for a “possible storm” if Evergrande fails. Some of Evergrande’s bondholders did not expect payment Thursday and had not heard from the company, Reuters reported.

    Also on Thursday the Labor Department reported that initial jobless claims rose last week as the U.S. labor market continues its recovery from last year’s recession. There were 351,000 claims last week, topping estimates of 320,000. The reading for the week prior came in at 332,000.

    Stocks finished higher across the board Wednesday after the Federal Reserve kept benchmark interest rates unchanged, while indicating no immediate intention of removing stimulus policies.

    The Dow gained roughly 340 points, or 1%, for its first positive session in five and best day since July 20. The S&P advanced 0.95%, also snapping a four-day losing streak and registering its best day since July 23. The Nasdaq Composite finished the session 1.02% higher, while the Russell 2000 outperformed on the session, rising 1.48%.

    “If progress continues broadly as expected, the Committee judges that a moderation in the pace of asset purchases may soon be warranted,” a statement from the Fed following the meeting read. No timeline was given, however.

    The central bank implemented a $120 billion per month bond-buying program last year as the pandemic shuttered the economy. As economic conditions improve more members of the Federal Open Market Committee now see the first rate hike happening in 2022.

    Stock picks and investing trends from CNBC Pro:
    ‘High growth, low risk, high quality’: Bank of America backs these global stocks

    Retail investors are buying the September dip. Here’s what they are adding this week

    Goldman predicts a surging semiconductor market, picks its top U.S. chip stocks

    “The Fed struck a positive tone, acknowledging that the economy is strong enough to stand on its own two feet and the central bank can begin removing the monetary stimulus that they’ve been providing since the beginning of the Covid crisis,” said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance.

    “Although there may be some additional turbulence this fall, we are constructive on the US economy in general and believe that any dips would be worth buying as the fundamentals are still sound and recession appears to be more than a year away at this point,” he added.

    “We believe the S&P 500 has further room to run, but one of the biggest downside risks stems from valuations amid the prospect of higher yields/ERPs, less liquidity and slower growth,” UBS said in a recent note to clients.

    Several companies are on deck for quarterly updates Thursday including Nike and Costco Wholesale, who will report once the market closes.
    source: CNBC
     
  12. OmoAlaji

    OmoAlaji Member

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    The Nigeria stock market has closed today, here are the top gainers for the day. Screen Shot 2022-01-11 at 2.33.29 PM.png
     
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  13. OmoAlaji

    OmoAlaji Member

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    Today, January 12, 2022, another trading session has concluded on the Nigeria stock exchange and we have a list of top-performing stocks. The top gainers are, Academy stock up 10%, Jaizbank which is also up 10%, Unitybank is up 8.7%, and selling at N0.50 per share. Also, Sovrenins and Mbenefit are up 8.33% and 7.41 percent respectively.
    Screen Shot 2022-01-12 at 5.49.27 PM.png
     
  14. Adewale Stock

    Adewale Stock Moderator
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    For those that trade stocks daily, this are the stocks that saw green today. Screen Shot 2022-01-18 at 8.13.06 AM.png
     
  15. LagosPolice

    LagosPolice Member

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