As an investor, I have passion for the stock market and similar markets, like Forex. You’re up for some trade ideas, and I’ve got some to share with you. Specific trades have their shorter windows, but they can come up time and time again. I’m more of the buy and hold investor or long-term trader. I plan on making monthly updates, and that is how I like to handle my investing business. What about you? Do you mostly trade, or do you hold a long-term portfolio as well?
This first pick isn’t part of my portfolio currently, but I want to tell you about it. It’s a possible investment pick that could generate a nice return. It’s IQ, and it is said to be the Chinese Netflix. It could possibly be in my portfolio in the future, but right now, it’s not. The company is iQIYI, so IQ is the ticker. It was part of Baidu, and now it is its own publicly traded company. If you look at the one year chart, which is all that’s available, it surged after the IPO and then subsequently has retreated to right near the IPO price.
Its current price is less than half its 52 week high, and according to my broker, the company has an 82 percent buy rating. The other 18 percent of the analysts rate it a hold, so there are no sell ratings. That’s just the gathering from my broker’s information, and I can tell you it is also one of the most popular stocks that my broker offers. We all know how Netflix has done in the US, and while IQ may not be the exact same thing as Netflix, that’s not the point. It is its own company now, and it is big in China. It could even be bigger than Netflix when all is said and done.
Do I think it’s going to be bigger than Netflix? No, I don’t. But I do think it has a bright future. Then the are the cryptos, and of course Forex. I would point you to AUD/USD for a trading opportunity for the near future. There are so many trades that you can make. Do you like options? If you are looking at options, then I like the puts for PLUG. But there isn’t much interest in buying puts for PLUG, so it’s going to be a little difficult to sell them.
The puts for Yamana Gold might not be a bad idea either. You have to measure your own moves and take your own risks. I could tell you what makes up my portfolio, but I don’t consider them trades so I didn’t start there. DOGE and XRP are the two cryptos that I’ve picked as the best, but I plan on investing in more in the future. RUN is a solar company ticker that I have been considering if I were to add solar power to my portfolio. That’s my trade ideas for now, and here’s to happy investing!