Hey guys, I’ve had a few comments on reddit and instagram to explain the ATH (all time high) breakout trades I take on a daily basis and so here it is.
I’m a full time trader and I hope you guys find this helpful.
To explain this in great detail would take hours upon hours however I’ve wrote up a simplified description to make it digestible.
“We do not trade ideas we trade set ups”
As professional traders you should not be trading ideas, you should be trading sets ups. Something that you can measure, replicate, improve upon and learn from. Not random events.
Here’s an example of how a novice traders mind may work:
You see an article pop up about a Tesla car that was on auto pilot and crashed into a stationary car causing injury to both the driver and the passenger. Your instant thoughts are “This could effect Tesla’s stock price” and you put it on your watchlist for the day. Now the issue with this is this the specific event Is not measurable. The way in which the stock reacts will be random and you won’t be able to use the stats for any other trades. Making the event a coin flip and therefore a gamble.
Focus on set ups not ideas. It’s ok to have an idea for the set up but the set up HAS TO BE THERE.
Now lets get straight to it.
What is an all time high breakout?
Why is this such a good set up to take?
Here’s how it works:
A lot of professional traders, myself included, love the all time high break outs for many reasons. The main being the explosive moves it can often provide. Due to this a lot of day traders, swing traders, investors, funds and algorithms will monitor the market for these potential plays. Meaning they’re often on the buying side. This is why you can see what appears to be a stock doing very little yet the moment it trickles over it’s previous ATH high it can rally for days.
It’s called “buying the breakout”
You see the market is run on mostly Human emotion, we know this but very few understand how that works.
The reason most people lose money in the market is they are untrained and do not have the discipline to handle their own barbaric emotions.
Here’s why that’s important.
For this example we’ll call the company $STONKS it’s been on the market for 3 years and it’s current all time high... keep reading on reddit ➡
This will work in any country but specifically in the U.K. I’ve tested this and profited a good few hundred pounds.
Firstly go on to Facebook market place, gumtree, EBay, Craigslist etc and find a TV that’s spare and repairs or broken.
Go into Currys PC world, Walmart wherever or even order online. Find the exact same TV model and buy it
Take a heat gun, hair dryer etc to the TV stickers that have the serial number (this is precautionary as in my case they just believe you instantly, I mean why would they care on peanuts per hour). Carefully remove the sticker and swap the serial number sticker from the food TV, on to the broken TV.
Box back up, go back into store and complain it was broken when testing it or opening box (depending on what the damage on the broken TV was).
They will literally just scan your receipt, refund to card, receive refund in 2-5 days.
Now for the New TV, sell at a reduced rate on Facebook market place, gumtree, eBay, Craigslist etc and profit!
I’ve made around £850 over the last 2-3 months, going into different stores. It’s not mega money, but it’s a very good amount to make in this current covid climate!
if HCMC wins this lawsuit against PM, thats 1.8B$ in settlement. With that kind of cash 500M$ would be enough to open over 50-100 grocery stores depending on where they are built.
They only have 2 right now.
They can also buy back shares which would reduce float, resulting in the price to go soaring. Theres also many other things they can capitalize on such as their e-cig products, and association with the cannabis industry. This can potentially be a really profitable long time hold within the next 1-5 years.
Hey all, I work at a FAANG company as a SWE making ~$320K a year.
Age: 29 / Net worth: $1M / no kids
For the last 1.5 yrs, I've been working on a side software business that now generates ~$120K in annual subscription revenue, with some deals in the pipeline. It's not highly scalable, but nor is it pure consulting / custom software.
I own 50% of the business (partner does sales and gets clients). I negotiated a deal to work full time on it and make $150K for the year so we can make some product improvements and try to raise capital or go for an exit.
Should I go all in and work on this full time?
My gut says there's a 20% chance of raising > $2M to build a more ambitious product and a 20% chance we could exit for >$1M. This is a highly speculative guess.
I could continue both the day job + side biz, and I'd have a clear path to increasing my net worth to $1.5M in the next two years.
However, here's the cost:
It feels scary to walk away from $380K a year in total earnings. It's a lot of money and I remember the grueling stretch of interviews + failures I needed to get the job.
What should I do? Sell my soul for a few more years? Or work on something more fulfilling and interesting for lower guaranteed earnings + potential upside?
Thank you for reading and giving your input! I've learned so much from this community and appreciate any wisdom.
GameStop needs to evolve into a technology company that delights gamers and delivers exceptional digital experiences—not remain a video game retailer that overprioritizes its brick-and-mortar footprint and stumbles around the online ecosystem.” - Investor Ryan Cohen
Some history: Founded in 1984 as a software retailer, GameStop transitioned to games in the early 2000s and was extremely successful, selling consoles, games, and accessories to consumers. At its height around 2011, the company was generating nearly $10 billion in revenue per year and had 6,700 stores. But by 2019, GameStop generated just $6.4 billion in revenue.
ASK: Does GameStop have a chance to come out a winner as the short squeeze plays out?
EDIT: found this video helpful and informative, produced by the myth, the man, the legend -- u/deepfuckingvalue - https://youtu.be/alntJzg0Um4
As always, don't take anything in this $hit $ubreddit as financial advice. FRODO
After a decade of working one busy job, house moving, kids and so on I have a bit more time to put into something that will make me money in addition to my job.
I've started growing a Instagram Repost account with the intention of getting income via ads. Very flexible and fits around my life quite nicely but recognise that it will take a lot of work to reap a decent level of income.
Also been thinking about consultancy work online but not sure if I'm qualified enough.
So, what is your most profitable side job?
I get how during the earlier days it was more volatile but now I don’t see how this is any more risky than buying apple stock, for example.
VLNCF : I asked people yesterday to explain why SunDial is the move given their horrific financials and performance. The answer was "we smoke weed and its a momentum play". Ok, but why not go with a company that has even more future growth ahead, already profitable, fortress balance sheet, cash out the ass, and great marketing ? When you make moves on an undervalued company, you get a huge margin of safety compared to being randomly retarded.
Valens is focused on oil based products and extraction. They do the extraction for all your fav companies including Tilray and Sundial. As those companies grow, they use Valens more for extraction. Valens benefits from everyone's rise as their premier oil extractor.
(Valens) (VLNS on TSX) VLNCF's revenue is 98M with market cap of 220M; OGI’s revenue is 80M with market cap of 1.3B; SNDL’s revenue is 97M with market cap of 4.4B. Thus, VLNCF’s SP should be between $10 and $35.
How does that make sense?
105 Million is short term assets vs 22 M in short term liabilities and only 30 mill in long term. Clearly got cash. In fact too much cash since investors were upset recently with the company raising more money. They believe it was unnecessary and the stock price dropped. I believe they did it to acquire a key partner. When this announcement hits, it will all make sense.
Valens. 88% yearly earnings growth according to 8 analysts. Current price 2.10$ cad, analysts target is 3.61. Recently fell down because they raised more money they didnt need.
Simply Wall St rates them 91% undervalued with a target price of 27.40$. That seems pretty excessive to me though. My target price is 6-10$, which would make it only a 1 billion $ market cap.
They are entering the Australian market which is ripe. Read about their plans in their presentation: https://thevalenscompany.com/investors/
Insider buying: Last 6 months, the ceo, directors and board of directors made 6 purchases, and 0 sales.
The stock price is currently at a low so you get a huge margin of safety since you are not buying hype, but are buying undervalued. If there were options on this baby I will get them right away. Since there is not, I got stock.
Position (1 of my 2) https://imgur.com/l3zcGNP
Disclaimer: Not a financial advisor, make your own decisions, yada yada, whatever, I'm just some dude who smokes and grows weed and is interested in a weed stock sharing the facts. Positions? Shares at ~$0.65 avg cost basis.
High Tide Inc. operates as a vertically-integrated company in the cannabis market in Canada. It engages in the design, manufacture, and distribution of cannabis accessories and alternative lifestyle products. The company is also involved in the retailing as well as ecommerce of cannabis products. As of August 7, 2020, it operated 34 Canna Cabana retail cannabis stores in Ontario, Alberta, and Saskatchewan.
Financials (all Q3 2020)
It seems I am missing a part of the equation, please help me out.
If I search online for "what is a good roi on rental property" I get unbelievable answers like above 15% or even 20%, is this even possible?
I have an apartment in Hungary, the Rent I receive is about 5% of the value of the flat (yearly), face value seems to be a good investment but out of this 5% income I have to pay the company who manages the flat and the tenant (10% of the income), taxes (~15% of the income), insurance (about 5% of the income) and set aside a budget for maintenance/repairs, you could even factor in inflation (3% inflation in Hungary yearly).
At the end of the year I have a feeling that I am actually loosing money! The flat is not rented out to friends for a cheap price or anything like that, it's on market value.
I currently live in Switzerland and just out of curiosity I made the same calculation for the flat I am renting here, the initial income on Rent to the person I am renting from before any deductibles is 3% of the property value! Even less than what my flat in Hungary produces.
I don't get how anyone online could claim ludicrous percentages like 15 or 20%, is it possible that it works that way on the other side of the ocean (USA)? Or am I just totally missing something?
At this point I am totally of the opinion that people who own and rent out 1-2 flats barely (if at all) make money off of it.
Holy fucking shit it’s so profitable rn it’s insane.
So if you're interested in PLTR i'm sure you paid some attention to yesterday's earnings reports, quite a lot of fud around disappointing earnings (not warranted, imo) and the lockup ending this week (possibly warranted, we will see, but not relevant to this post.
I saw a lot being made of PLTRs lack of profitability after 15 years (legitimate concern) and criticism about how much they pay themselves in stock being the cause (ditto). So, wanting to know the deal I stuck my tongue out, concentrated real hard and tried to read the numbers from yesterday's report, here are a few for the quarter:
Gross Margin: 79%
They report headline adjusted gross margin as 84% which excludes stock based compensation, this seems a cheat because it's essentially just pay so i added it back in for the 79%. Regardless, this is equivalent to facebooks margin, and has improved 12% over the last year. I'd also expect it to improve further next year, as I think a lot of the stock based compensation for this year was a one off and related to the DPO.
Operating Margin: 32%
Again this is adjusted to exclude stock, stock related taxes and DPO charges, but if you look at stock based compensation from Q4 2019 ($77MM) to Q4 2020 (~$260MM) you can see that in a regular year, which 2021 will now be these stock related payments are going to go back to normal (though still higher than 77 due to higher pay & more staff, i'd guestimate $100MM a quarter for '21).
All of this is to say that PLTRs margins are actually great and if they hadn't taken the company public this year they would've been profitable already.
Now lets look at Q1 21 forcast:
45% YoY growth from Q1 20
23% adjusted operating margin
We can probably assume safely that these are going to be beat, a company with a model like PLTR's are going to be pretty sure what contracts they've got lined up in Q1 and they're not dumb enough to miss earnings by over estimating, we can likely expect these to actually be more like 50-55% and 30-35% IMO. For example, in Q3 20 they predicted $50MM (16% margin) in adjusted profit for Q4 and it ended up being $100MM (32% margin).
That gives us: 240 (Q1 2020 rev) * 1.5 = $360MM rev in Q1 with an adjusted operating margin of 30% = $108MM adjusted operating profits Q1 '21. Unadjusting them if we assume stock based compensation relatively higher than 2019 and early 20 because of growth but returning to normal levels because the DPO is done, i guestimated $100MM in stock compen... keep reading on reddit ➡
Market cap: 4.71B
Share price at time of writing: $28.40
IPO date 5/21/2020, closing IPO day price: $27
I believe $SLQT is a still 'hidden gem' growth stock. They have been executing flawlessly quarter after quarter since their IPO last year, by leveraging their proprietary machine learning technology to improve agent productivity and accelerate sales.
Founded in 1985, SelectQuote helps consumers purchase complex senior health, life, auto, and home insurance policies from a curated panel of the nation's leading insurance carriers. They were the first direct-to-consumer term life insurance exchange platform in the U.S. The company doesn't provide the insurance, but rather finds consumers looking to buy it and matches them with insurance carriers. SelectQuote earns commissions from the insurance carriers for the policies it sells on their behalf.
It has a total addressable market (TAM) of at least $180 billion for the insurance products its distributes. The company believes the TAM presents an annual commission revenue opportunity of roughly $28 billion for its seniors segment, $105 billion in life insurance, and $47 billion in auto and home insurance. In each of those three segments, SelectQuote estimates its market share to be less than 1% and thinks there is a lot of potential for better market penetration and market growth.
SLQT had total revenue of $337.5 million in fiscal 2019, up 44% from sales in fiscal 2018.
In 2020, they had 534 million revenue, up 58%
Now, they expect 76% revenue increase for 2021 over full year 2020.
This is accelerating revenue growth.
They have had blowout quarters, including most recent earnings Feb 8, 2021:
-Consolidated revenue up 103% YoY, 68% gross margins
-2021 guidance raised twice in a row already (in Nov and again this Feb). Full year 2021 revenue of 940M now expected, 76% increase over full year 2020.
-Profitable, adj EBITDA up 88% YoY with better margins than its competitors EHealth (EHTH) and GoHealth (GOCO) which are growing much slower and losing money. Note that SLQT's other 'competitor' is Everquote (EVER) which is more concentrated in auto sales (80% revenue) and still losing money, while SelectQuote has auto comprising <20% of its revenue
-proprietary machine learning platform to drive sales efficiency. Agent productivity steadily increasing (see [https://s23.q4cdn.com/545595037/files/doc_financials/202... keep reading on reddit ➡
Shiba Coin- The next Doge coin some huge profit to be made listen up💰🧏♂️
Shiba Inu - The Next Doge
Hello friends. DOGE has been a wild ride these past few days. But let's face it, it's not pumping much higher than it already has.
Now, before you get all angry and call me a fudder, let's look at this mathematically;
That's very, very very high. Infact, it's the ninth highest market cap of ALL cryptos. Now for those of you who don't know the very basics about a coin's price, here's how it works;
Since our market cap is a whopping 8.2 Billion, in order to make DOGE double from where it is now, we need new investors to put in a collective total of about 8.2 Billion (give or take, it's not always exactly how this works, but this is an estimate). That's very hard, and nearly impossible, let alone another x10-x100. In order for DOGE to reach 1$, we need around 410 Billion, and that's just not happening.
It may seem depressing, but there is light at the end of the tunnel. I am pretty sure a lot of you have made a loooooot of gains off DOGE. What if I told you there's another DOGE?
Let me present to you; Shiba Inu
Now, what does Shiba Inu share with DOGE? Well, there are some very important key points;
Okay, but what does SHIBA have that DOGE does not?
Prices are driven by demand and supply. If everybody is theta ing dte 45 - 30, will that not put downward pressure on premiums received? And lower the profitability of the strategy?
Thanks in advance for your responses
I began working on my SaaS Product on the 28th of November, 2020. After exactly 63 days, I had the first paying users. Today, 1 week after public beta launch, the product has an MRR of +$300.
I built and launched it alone, all while working +40h/week with two clients as a consultant.
How did I manage to pull this off? Let me share some tips on productivity, management, and growth 🚀
First of all - and this may not come as a surprise - spending time building a dedicated audience makes a huge difference.
I started building my very first SaaS Product in February 2020. I made a lot of mistakes, but the biggest one was underestimating the value of having an audience. At this point, I had around 250 followers on Twitter and barely used LinkedIn.
I launched it in June 2020 - and no one cared. It got close to 0 traction and I had to almost drag users into the platform by force.
It was the book "Rework" that made it clear to me, how important a dedicated audience is. So I decided to build one, and I made it my primary goal to grow a dedicated following as fast as possible.
This time, it was different. I now had 32K followers, and the tweets got almost 3K likes in total and a lot of comments!
Since then, FeedHive has been mentioned over and over on Twitter, and a lot of people have shown great interest in the product.
Yeah, you've probably heard it before. Most likely, many, many times. But it's because it's crucially important.
Through Twitter, I invited 20 users in, already 12 days after I started developing the product. The application didn't do a whole lot - only very basic functionality. And it was full of bugs.
I created a small focus group on Twitter (a group chat), and I have been talking to these users daily.
Not only did they provide invaluable feedback and catch 90% of all the existing bugs, but a lot of them also came to fall in love with the product and are some of the biggest advocates today! It's very clear: Without having this group of users onboard this early, it would most likely have completely missed the target!
I have built this SaaS Product on a technology... keep reading on reddit ➡
I've skipped so many bundles, single items and even sales in the atom shop over the past two years because even though the stuff looked cool it just didn't fit my preferred build theme.
But now? I'm already getting a list together of thousands and thousands of atoms worth of items to keep an eye out for each week to finally put the surplus of atoms I've saved up to use. I can buy stuff for a raider themed camp, a pre-war inspired camp, a militarized BoS camp, an outpost camp and so on and so on. The only potential limit being how many loadouts Bethesda decides to provide people and at this point it seems like it would be in their best interest to provide as many as possible for free.
There's finally a possibility that at some point I might be so interested in buying something from the atom shop to put in one of my camps that I may actually have to buy atoms for the first time in over two years.
This could finally be the solution to the "I'd buy this but there's no room in my camp" bottleneck that has always hamstrung this game's monetization.
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Imagine when Nano hits $50. Most spots are 0.1 payouts. That's $5 worth of Nano. Some areas have HUGE concentrations of 0.1 payout spots. People will be able to live off WeNano quite easily when the price gets high enough. This could be massive for awareness and adoption. But also, we need to make sure we tell more people about this, because the collectors of these spots are going to want to keep it hush-hush so there's no competition.
Imagine the 1-5 Nano payout spots? $50-$250 in Nano at a $50 price... That's worth driving a considerable distance for. I think it's going to be a lot of fun in the future.
I’m not talking big money (tho feel free to chime in, too) but just in the green in general. The stories of people losing their whole accounts or taking years and years to see any profit is discouraging for me. I’m not trying to strike it rich, just make some supplemental income. I’m on maternity leave and spending literally all my free time learning and practicing small trades. 4 more months to learn before I go back to work, hope it leads to something.