Saturday, September 25, 2021

    How to mine doge, plus a playbook for trading meme stocks

    How to mine doge, plus a playbook for trading meme stocks
    Account icon An icon in the shape of a person’s head and shoulders. It often indicates a user profile.
    Account icon An icon in the shape of a person’s head and shoulders. It often indicates a user profile.

    Subscribe Subscribe

    US Markets Loading… H M S In the news

    Close icon Two crossed lines that form an ‘X’. It indicates a way to close an interaction, or dismiss a notification.

    Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Markets

    Hello everyone! Welcome to this weekly roundup of Investing stories from deputy editor Joe Ciolli. Please subscribe here to get this newsletter in your inbox every week.

    GettyImages 1299388500

    Yuriko Nakao/Getty Images

    Hello and welcome to Insider Investing. I’m Joe Ciolli, and I’m here to guide you through the current market and investing landscape. Here’s what’s on the docket:

    If you aren’t yet a subscriber to Insider Investing, you can sign up here.

    Have thoughts on the newsletter? Just want to talk markets? Feel free to drop me a line at jciolli@insider.com or on Twitter @JoeCiolli.


    How to mine doge

    This photo is of Dason Thomas, a crypto miner. He is wearing a white hoodie standing front of the exterior of a building.

    Dason Thomas

    Dason Thomas says he began mining crypto in his garage to earn altcoins like doge and litecoin. He then converts the mined altcoins to cryptocurrencies he prefers like ether, or buys more miners. Thomas breaks down how he got started with a $700 rig, and how he’s set up now.

    Read the full story here:

    How to mine doge: An 18-year-old TikTok influencer shares his process for earning crypto without directly buying via a $700 rig — and explains how it works for other altcoins including litecoin


    A playbook for meme stocks

    Reddit WallStreetBets WSB

    Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

    Morgan Stanley strategist Boris Lerner argues that investors should look at the patterns of retail traders to gain an advantage. He says heavy retail selling is a good predictor that a stock will underperform in the next month, and lays out six popular bets for day traders.

    Read the full story here:

    Morgan Stanley shares a meme-stock playbook that average investors can use to profit from the Reddit-driven market revolution — including 6 specific areas day traders love


    Top 10 shorts ahead of earnings season

    New York stock exchange trader

    Independent Advisor Alliance’s CIO breaks down the Fed’s tight rope walk to keep the bull market roaring.
    Johannes Eisele/Getty Images

    Stocks have been on a hot streak but a variety of factors could stoke volatility heading into the third quarter. Ahead of a hotly anticipated earnings season, the founder of TradeZero America lays out the 10 most-shorted stocks above $10, which could either continue to face pressure, or be squeezed higher by retail traders.

    Read the full story here:

    TradeZero’s co-founder shares the top 10 stocks above $10 traders are shorting on the online brokerage ahead of a potentially volatile earnings season — and explains why they are either primed to become meme stocks or profitable shorts


    Stock pick central

    Seeking experts who are willing to name names? Look no further:

    A picture of a switch and lightbulb

    Sign up for notifications from Insider! Stay up to date with what you want to know.

    Subscribe to push notifications

    Newsletter

    10 Things Before the Opening Bell: Get the top markets news

    Loading Something is loading.

    NOW WATCH:

    More: Investing Stock Market Stocks Investing Insider

    Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

    Close icon Two crossed lines that form an ‘X’. It indicates a way to close an interaction, or dismiss a notification.

    Read More