Stocks and crypto have become increasingly more mainstream in recent years as more and more people turn to invest to generate some passive income. Both the stock market and cryptocurrency markets open can be extremely volatile and take a lot of insider know-how to navigate effectively.
If you have questions about the stock market, like when is it open for trade, or about which cryptocurrencies you should invest in right now, we’ve got you covered. In this article, we’ll take a closer look at when the stock market is open for operation and everything you need to know about investing in DogeCoin. Read on to learn everything you need to know about these two investment topics.
Is the Stock Market Open?
One key thing about the stock market is to know when it is open for trade. You’ll run into issues if you intend on trading, buying, or selling stocks on days when the stock market is actually closed.
But what does it mean for the stock market to be closed? In essence, this means that participant accounts will not be able to process on any day that the stock market is closed. Taking that question further, how can the stock market close? It may seem strange that stocks aren’t available for trade every day of the year, but don’t worry, the stock market only tends to close on holidays and weekends.
So what days are considered to be “holidays” by the stock market? In this case, a holiday is any day that does not fall on a weekend when the stock market is closed for the day. It’s important to note that if a holiday observed by the stock market falls on a Saturday, then the Friday before will typically be considered a holiday.
The holidays observed by the New York Stock Exchange are as follows:
- New Year’s Day
- Martin Luther King, Jr. Day
- Washington’s Birthday/President’s Day
- Good Friday
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas
These are all the major holidays observed by the stock market, but in some instances, they may also observe bank holidays. These extra holidays include:
- Indigenous Peoples’ Day
- Veterans Day
On these days, the stock market will still technically be open for trade; however, some specific trades might not be available. In addition to each of these holidays, the new national holiday “Juneteenth,” which commemorates the end of slavery in the United States, is being considered for future stock market closures. The new holiday signed into law by President Biden fell on a Saturday this year, but it was not treated as a stock market holiday.
For any other holidays you can think of, if it wasn’t listed here in this article, you can be sure that the stock market will operate normally on those days. Their normal hours of operation are Monday through Friday from 9:30 a.m. to 4:00 p.m.
Investing is considered complicated; however, the stock market is a game of wisdom. It is very important to learn about the stock market before investing in it. There are many famous stock markets like Robinhood and Chewy.
The truth is, if one desires to have an income source with an unlimited potential to earn, then the stock market is the way to go.
Undoubtedly, just like in any field, you would need to gain knowledge, stay consistent & practice relentlessly, however, if you are smart, then you can even begin making pretty handsome returns very soon. Learning about the stock market to invest in seems to be complicated, but the truth is that by learning about the stock market, you can start doing it now.
The opportunity that was available only to Institutions in the past is now available for everyone, thanks to the 21st-century digital revolution. This proves to be a blessing for Millennials & Gen-Z alike, as we are well-versed with upcoming developments & conveniently have access to premium tools on our smartphones free of cost.
Decoding Stock Market with Tesla Stock
Risk is the part of the game but the question is, isn’t risk everywhere?
The bitter truth of 2020 is, even the ones who take pride in stable jobs can be laid off at any moment as well. Hence, isn’t it better to take a path that will exponentially reward you for your hustle?
Now, obviously, I am not asking you to take blind risks as it was mentioned in the first line of this article, ‘Stock market is a game of wisdom.’ It is all about taking calculated objective risks with analysis through charts & minimizing it to almost negligible in comparison to the profit potential of the stock. This is what we call Risk Reward Ratio.
Let’s understand all this by considering one of the hottest stocks in the market these days, i.e., the Tesla stock. The company has been defying odds & exceeding market expectations for the past decade.
Therefore, Tesla is one of those companies that will make you money and also give you a proud feeling as your investment contributes towards environment upliftment & preservation.
I will explain Tesla stock from an Investor as well as a trader’s perspective & show you the potential of returns you can make for yourself.
If you would have been an Investor in Tesla Stock
Investment and learning about the stock market to invest as I mentioned, is when an individual owns a piece of the company for at least a year. Usually, investors hold their investments in a company where they see a high potential for more than 3 years.
Hence, here we will take an example of returns made by Tesla stock in the last 5 years for its shareholders.
On January 1, 2015, the price of Tesla stock was $40. This was the time when very few were aware if Electric cars are even commercially feasible but it was much prominent that sooner or later, the environmental hazards will constraint us to reduce pollution. An individual with basic knowledge of the market & common sense could understand how undervalued the stock was. Looking at the Tesla stock in August 2020 when every business trying to stay afloat, the price of the stock skyrocketed to $500. This is more than 1000% profit, a number Institutional investors would kill for even today.
I know after reading this, your fingers are itching to get started with the stock market right now & I would suggest don’t give this a second thought.
If you would have been a Trader in Tesla Stock
Volatility is the bread & butter of traders & Tesla stock doesn’t disappoint us in that too.
Considering last week itself from October 26, 2020, to October 30, 2020, I traded in Tesla stock with BTST strategy which is Buy Today Sell Tomorrow.
Now one of the benefits of being a Trader is that you can Short Sell the stock which means to bet against the company. This doesn’t mean the company is bad but shows the short-term market sentiment towards the present price of the stock.
In the past, only large companies and large investors could invest in the stock market, but today anyone can buy stocks. Every investment has risk, but it is possible to minimize it to get the most out of the profits.
If you want to learn about the stock market to invest in, the first thing you should know is that there are two types of investments: passive and active. Passive investments are made by buy and hold investors and active investments are made by day traders.
To know what investment you want to make, let’s start learning about the stock market.
What is the stock market and how it is helpful for beginners to learn about the stock market?
Stock Market or Share Market is the network of economic transactions of buyers and sellers of stocks, also called shares.
Stocks are a financial instrument that represents ownership in a business and represents a proportionate claim on its assets and earnings.
Stock trading can be short-term trading, market order, day trading, high-frequency trading, swing trading, positional trading, long-term trading, quantitative trading, and arbitrage trading.
The most common are daily trading, swing trading and long-term trading.
- Day traders buy and sell shares of stocks within the same day.
- Swing traders buy and hold stocks for multiple days or weeks.
- Long-term traders buy and hold for years.
But, how the stock market works for free stocks beginners and why learn about the stock market to invest?
The stock market open provide an environment where market sellers and buyers can transact in shares and other eligible financial instruments with low-operational risk for free stocks beginners.
Operating under the defined regulations as stated by the regulator, the stock market open act as primary markets and as secondary markets.
The primary market allows businesses to issue and sell their shares to the common public for the first time through the process of Initial Public Offerings (IPO), while the secondary market allows transactions between buyers and sellers of the listed shares.
Robinhood for Millennials
To start, you can invest in Robinhood that allows you to generate greater returns on your money trading stocks, ETFs (Exchange Traded Fund), options, and cryptocurrencies.
These apps help encourages a lot of millennials and are suitable for beginners of any age. It is important to find the courage to learn how to get more involved in the stock market open by buying and selling penny stocks.
The Robinhood apps is very simple to use. And there are tons and tons of stock to buy from. Here are the benefits of why you should start with Robinhood.
Why investing on Robinhood and learning about the stock market to invest?
- Robinhood is commission-free trading.
- $0 Minimum deposit.
- Robinhood doesn’t allow short selling.
- Convenient for new investors.
- Mobile and desktop trading.
- Have limited research and analysis.
Down side of Robinhood
- The Robinhood stock market chart doesn’t give you in-depth information about the stock in real time and is very basic.
If you are planning to be a day trader or a swinger trader, you will defiantly need to have a good graphic chart to help you. Without this, you will not succeed. This is why you will need to download Thinkorswim indicator from TD Ameritrade which is free to sign up.
You can sign up on Robinhood for free. If you ever need help, don’t very hesitate to contact “Robinhood customer service”. The only way to contact them is by e-mail at [email protected].
Chewy For Millennials
Several stocks that have long-term growth prospects are mostly those companies that are taking advantage of secular growth trends. They are leading the entire industry. For instance, we have seen impressive growth from companies this year that are at the forefront of the e-commerce industry.
There is no doubt that e-commerce has completely changed the way a person shops online. It means that companies that have strong logistics and a popular brand name are one step ahead of their competitors. They are set up for continued growth in the upcoming years.
Take an example of Chewy. It is a company that is pioneering in the pet industry. Their stock has been one of the big winners this year even during the pandemic. It is because people are now spending more time in their homes. It means they will spend more time with their pets. The stock of chewy is up over 140% year-to-date.
Following are the three main reasons that tell you why you should invest in chewy this year.
1. Largest Online Pet Foods And Supplies Platform
Chewy is one of the largest pet supplies and pet foods platforms. People that own pets can simply create an account on Chewy’s website and then they can log in using their account to purchase food, supplies, toys, grooming kits, medicines for their animals. The pet owners can choose from 2000 different brands. The company has 6.1 million square feet of warehouses due to which fulfillment is very quick.
Although there are strong competitors like amazon and you might fear that they will cut the market share of chewy. But chewy has a very strong grip on the market of pet products. Chewy currently has strong logistics that will grow in the upcoming years. Experts suggest that chewy will rule the pet industry for many years to come and will hold the throne.
There is no doubt that Chewy is the leading pure-play retailer of pet supplies, and pet food in the USA. The USA is a huge market which will keep expanding in the upcoming years. If you want to take a better look at why chewy is so compelling business, pay a visit to one physical pet store.
Chewy has made its place in the animals market. The popularity of chewy is growing day by day. Due to the growing popularity of chewy, physical stores are losing their customers. There are many competitive advantages that chewy has over physical stores.
It offers products at discounted prices as compared to brick-and-mortar stores. There are over 2000 brands on chewy so customers have a variety of options to choose from. The customers also have the facility to get the heavy bags of their pet supplies delivered at their home steps. In short, the customers have plenty of advantages to shopping from chewy. Therefore, this business model will be much more successful in the upcoming years.
2. The Pet Industry Has Huge Potential
If you are living in the USA, you must be aware of the fact that most people treat their pets as their family members. They spend thousands of dollars each year to keep their pets happy and healthy. It means that they will buy premium food, clothing, supplies, and toys for their pets. Just take a look at the recent statistics of the pet market. By doing this, you can easily recognize the potential of a company like chewy.
According to the stats of the American Pet Supplies Association company in 2019. The total spending of the pet industry was $95.7 billion. This year is about to end and it is expected that by the end of this year, these numbers will go up to $99 Billion or above.
The pet industry experiences a 4% growth every year. It means that the profit of companies like Chewy will keep growing every year. With the passage of time, the young generation is adopting pets more frequently. The rise in the demands of pets gives rise to the demand for pet food and supplies. Everyone knows that Generation Z and Millennials love to shop online and most of them are pet owners. This is the reason Chewy will keep experiencing massive growth in the upcoming years.
3. Strong Earnings Growth and learn about the stock market open to invest
In 2019, Chewy went public. The stock didn’t get going until the pandemic. But since the eCommerce industry went on the boom, Chewy grew rapidly. Since March, there has been an increase of 140% in its stock market open share.
If you dig deeper and have a look at the latest earning reports of Chewy. You will find why it warrants a premium share price. The earnings of the second quarter of this year clearly indicate that chewy is in a very strong position right now. EBITDA improved by 153% while the net sales increased by 47% year-over-year.
After releasing earnings, it was very interesting to see the performance of shares. They tumbled to 10% in September. However, the stock has gained most of the shares lost in September and could have another run at all-time highs after a break of $65 per share.
Will It Be Beneficial To Invest In Chewy?
Current stats show that Chewy is still in the growing phase. But the results that it has been producing in the recent year are very convincing. There is no doubt that the Pet industry has a lot of potential. Chewy is the leading giant of the pet industry. The business performed very well even during the Pandemic. It is expected that it will keep growing in the upcoming years. So, now is the right time to invest in Chewy and purchase its shares.
Doge Coin and Why You Should Invest in It
If you interest in investing in the crypto market, then chances are you’ve heard of dogecoin. That’s right, the cryptocurrency was created based on the “doge” meme. Its logos and icons even include the unabashedly awkward doge face, fashioned after the image of a dopey-looking Shiba Inu.
Even though this currency started out as a meme, with next to no one taking it very seriously, it has recently reached new heights of increasing value and acclaim. A series of catalytic tweets by billionaire Elon Musk saw the coin’s value skyrocketing a short while ago, and even though the buzz has died down a bit since then, it’s still a strong currency to invest in today.
So, what makes dogecoin a good cryptocurrency to invest in? We’ll break it down for you into several key factors so you can get a good idea if dogecoin investing is for you or not.
Crypto Markets Have Become More Accepting
Initially, crypto exchange platforms only saw dogecoin as a meme and did not take it seriously as a real cryptocurrency. Thus, it was only available for trade on a few select platforms at first. This quickly changed though as dogecoin saw more and more popularity and rapid value increases, even getting the attention of big shots like Elon Musk.
The dogecoin market over the past few months has been extremely volatile, with huge price jumps trending up and down from day to day. With such varied pricing, it can be a risky currency to invest in. But that’s exactly why it’s been gaining so much ground recently. Typically, the riskier the investment, the higher it pays off, and dogecoin is no exception.
Dogecoin and Wallstreetbets
Another major factor in the success of cryptocurrencies is how popular it is on forums and discussion communities, like the Wallstreetbets community. As we saw earlier in the year with stocks from Gamestop skyrocketing to spite trust funds trying to drive the price down, this particular subreddit has a lot of influence and pull over the state of the market.
This is especially true because this community isn’t just a bunch of people trying to make money. While that is one of their major considerations, they also love to prove a point, as seen with the GME price wars. With the belief that the American financial system, and to a certain extent the financial system of the world, is rigged. They have been bolstering random assets through the sheer buying power of their community in an effort to stick it to those doing the rigging.
And dogecoin, a currency that no one really thought was going to go anywhere, has benefitted immensely from this bolstering. Since Wallstreetbets has taken notice of dogecoin, it has seen a 12000% price increase. At the beginning of the year, dogecoin was worth only a tiny fraction of a single cent. Now, it’s worth many times that amount.
Dogecoin Has Become a First-Tier Cryptocurrency
The market capitalization rankings of any cryptocurrency go a long way in making it more attractive to buyers. Today, Dogecoin has soared to the top of market cap rankings, ranking fourth among all cryptocurrencies. To really demonstrate how big dogecoin has become in recent months. The cryptocurrency is now worth more than the British energy company BP. To surpass the worth of a corporate giant like BP is no small feat. This has made investors begin to take dogecoin much more seriously.
Final Thoughts
Both the stock and the crypto markets have seen a huge surge in investors in recent years, and with the information outlined above, why wouldn’t you want to? Now seems like a golden age for investing. Where even “joke” currencies like dogecoin can soar to increasingly high values through the power of everyday investors and celebrities alike.
It can seem a bit daunting to jump into investing if you’ve never done it before. But investment in dogecoin, for example, can be an easy place to start. And a potentially profitable one, too. Knowing the ins and outs of investing, whether it be in the stock market open or in cryptocurrencies, can take years of experience and careful study. But hopefully, we’ve given you a good place to start with the information we’ve provided you today.