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Alternative to Robinhood

Oh the ai based ones, they are just as good as normal people and they will never able to be 100% accurate nor more accurate than a human due to the concept of how many variables go into them; typically they scrape a bunch of tickers, do research and spit out risk and "predicted" future worth, via using what analysts say, what the stocks 4-year eps/growth is and such...I don't think personally they will be better than a human due to the "Risk" factor, but I believe they can state risks a slight bit better, but they can't say "This will profit, and this won't" the markets don't work like... a standard input-output and no matter how much time you give them...how people trade always changes and not even we can judge that. I believe the AI can be good, but never great...because you can't predict the market, all you can do is leverage.... plus the bots are notorious for being shoook when it comes to quick sells and they cause you to take a loss... aka your shares go down by 10% and the bot spazzes and panic sells driving it down more.
the bots are made for people who don't want to learn to invest or for people attempting to create a future that's not really "possible" because a lot of things change what investors do...via news...via share price..via patience (Which a bot cannot determine...the patience part nor the human mind part of stress/ how much this money means to a person).... I believe they are a good concept but won't be able to be "better then a human"

Most of the people who used trading algos (like friends), don't make good money...some lose money..and a good bit, due to the "marketed bots" currently being shitty, plus most bot owners have a "leverage" within the bot itself which allows them to send a trigger to every bot to have it buy a stock on command...aka leveraging...but typically when that happens updates for the code are sent out and or they have a killswitch and well...they aren't ever going to go to jail unless someone like the FBI/NSA have it reverse engineered.
 
Adding to the prior, I think it is safer to be an EPS/Discord Trader vs using a bot.

Being a trader who doesn't know anything is worse than someone who knows one "fulty" system.

Plus algo traders want a big commission and monthly payment, else you have no access..and it's hard for you to break even...if it even allows you to....
 
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Lighthope said:
Holy mackerel! I'm jel!
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It's not hard, just don't listen to the media (referring to when they say buy something or sell something) judge everything yourself, don't let discord or forums leverage you, you have to do it all on your own or you are just following trends, I myself invest in smaller stocks referring to 1-10$ stocks that have good financials and good history of being transparent with problems... that's the companies that are risky, I only put 30% of my port into them, the other 70% goes directly into medium risk, referring to the $5-50 stocks... I don't touch stocks over 80 bucks because my internal motto is... if a big stock like apple moves 20%, then I get 20% of my money... that I put into it

Meanwhile if I put lets say.. (I have 500 dollars, I can put 500 into apple (for this reference apple with be $500 a share) and it can move 20% in a day...and I have 600) or I can put that 500 into a smaller stock..aka a stock that's 25 a share and I have 20 shares moving at 20% vs the one share that moved at 20%, plus smaller stocks can jump and move quicker then a bigger stock ... referring to people pumping due to media presents and due to the company buying back...that's my whole concept...it takes a lot more money for facebook to buyback then your tiny health stock who's $5 a share... so on that smaller stock you're making 20% 20 times vs just putting the money into 1 big stock that moves 20%... I believe small stocks will always be riskier...but will always make you more money if you know what you're looking at in financials...and once the small boys hit the news, they jump 100-400-800%... kind of like gamestop in a way, but...not pumped by people who talked together beforehand like that.
 
smart investors will never tell you that because that's the insider shit... CNN want's you to look at big stocks, same for fox and same for wallstreet as they get the real winners, the small stocks... they make you bank, but are a little bit more risky..unless you know what you are looking at, it's only risky if you listen to media, referring to what they say...and not the facts of what a company does, did, said or did wrong... We the good investors invest in the growing...and not the grown, because over time you'll make more over the growing than the grown... That is the single biggest tip I can give to you from personal experience, the smaller stocks make me avg better then trading big stocks and holding them... because a small company has to do less to double then a big company...but the bigger company has a good amount of money going into research...but it has to be groundbreaking...vs just improving something that's already made a slight bit as a small company, big companies are expected to make big breakthroughs to get +100% +80%, Smaller people are expected to just stay simp and offer comp and not do anything groundbreaking/big...when they do, you see +300+600% because they aren't expected to do that...if you want to be the next Buffet...the next Belfort the next anything big...you invest in medium/small companies, not FAANG not BIG major companies...they only give you like 20-40% a year...vs that 20-40% a year times 6-100 shares. If you know what I mean.
 
I'd love to see TheChrome response to what I said above if he's experienced the same while he worked in the field professionally. Do you think my statement is flawed, wrong...good...bad, Peeeer review, please.
 
ZedBoy said:
you have to do it all on your own or you are just following trends
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This is my problem. This is outside my area, so it's all a big blur. Small stocks are risky, and I don't know if I have the nerve or the talent to figure out which one is going to perform and which one is going to tank.
 
Talent isn't a thing, it's like education, Basically the stocks go up and down based off of Profits, EPS and how the news hypes them. If a company doubles it's profit in a year...likely it's going to jump and fly a good bit, likely 100-200%, if a lot of breaking stuff comes out of it in a year it can be 100-500% depending off the news (Refering to smaller companies, not big boys).

You always have the chance to lose, but that's why you mitigate it with stop losses. Every stock you buy is a risk, but it's an investment... you mitigate it with the financial status in the past 4 years and all of that because it justice and adds security, you also check the companies rep..for hurting people...scrweing people or doing anything bad/majorly good and it assists in judgement.


and a correction on my prior... you have to learn it on your own...or you are following trends...you have to lose in order to win, aka you fail and you get back up, that's why at the start you don't invest a lot till you get exp. You can use someone else's method, but you have to build on it and modify it to fix what you want to come out of it... if you use Buffetts idea of "Compound interest" it may not be fast enough for you, or you might not make a profit... if you don't, you edit it to where you will and put it into stocks you can read and get knowledge about, the stock market is about who is able to adapt and change, not who can predict and "forsee" what's going to happen, you have to be willing to learn from your losses and edit your strat. Buffett...nor Belfort won't give you the real strat...they give you a baseline to start at...aka "Compunt interest, Leveraging and such"... because they want to inform you... you have to modify things to fit your plan and what you want...if you want to make a million in a year...you can do it off 1k...you just have to be willing to take way more risk then someone like me and you have to be able to assure yourself a lot harder and have more info to do it safely...

You can follow someone else's way, but you have to edit it to fit how you are as a person...are you finnicy and scared, well set a higher-stop loss...are you just a go with the flow guy...well maybe you won't check stocks and you are ok with losing with the idea that "It'll fix and rebalance itself and it'll go up" so you set a stoploss that's way lower... but that's really it... investing is what you think is going to make money and how informed you can get on a company and how much you can prove to yourself "This is a good investment".

Everyone who has succeeded in investing has lost...some more than others, but everyone adapts..if you refuse to you'll never be a good investor.

All I can say is like... Just don't get leveraged and do some googling on strategies, modify them to what you think is best and just give it a try with $100... or $1000. whatever you have...and keep going back into it till you find something that works for you. The only key way to lose money in the market is to just sell right after you buy becuase you see the stock lost you 2% in a single day...that's not smart nnor good, I'm only shook if I lose 20% in a day on a stock, but I typically sell if I"m 30% down in a day.
 
It's hard to explain, but once you get in you'll understand what I mean... my plan isn't the best nor will I claim it is, it works for me and my personality and personal way of life how i live it day to day.

if you are a slow guy.."I want my money over time with minimal risk" you might want to work on Compound interest, if you are a faster guy... risk it in penny stocks...if you are like me, do it in the dollar to $50 stocks that have great histories and have big asperations that they can possibly meet.
 
Oh one thing to add, once america reopens, airline stock will soar; I believe...So I have a bit in airline stock.
 
ZedBoy said:
Oh one thing to add, once america reopens, airline stock will soar; I believe
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I think so, too.

I have one share. Got it for free when I opened my Robinhood account. Prospect Capital (PSEC). Trading at 6.30 right now. Going up a bit lately but mostly steady. About 10% ROI in dividends so far. (Assuming I actually paid for the stock.)

When I get the cash, I plan to buy one share of Disney (DIS). Out of loyalty if nothing else since I used to work for them.

After that......? I was thinking a couple more PSEC. And you got me thinking about airlines.
 
It's still a bit risky since we don't know when this will stop, but it will climb after... buuut yeah loyalty buying is ok and good! But yeah you invest in what you want, don't let me or anything here or anyone who claims to be an investor tell you any other way, investing is an art that once someone gives up their way of learning and doing, they become a bot. I simply provided you with public starts and a bit of mine.
 
I said a few in the prior and I gave you the way to find some yourself, if you have questions hit me up in dms or get my discord via dms.
 
Lighthope, Forgot to add.. I thought of you while I did it; You need to also kind of take what analysts say for a price forecast, let that be a slight judgment for if it's good or bad value, but still judge yourself. But trade with the concept of a year/4 in mind.
 
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