posted
trading like mad man..what do u mean man...the only one i traded SIX is down and having second thoughts about the move....migth be in this for long haul now it looks like...
IP: Logged |
posted
dude you only have ONE STOCK..go read a book..you have other funds for available for the "good buys" right?? i was all over AIG earlier and you just froze and got rigimortis..RIGHT..this game is not for you..
IP: Logged |
posted
i was yelling very load MSFT...WM...AIG..BBI do your self a big favor ahd go to the hardware stor and buy a hammer..when you get back home ..stare in the mirror a long time and start bashing in your head till you GET IT
IP: Logged |
quote:Originally posted by Morpheus: just like i predicted...the cnbc puppets spoke and all s**t hit the fan..CRAZYNESS prevails
"But a person with knowledge of the talks told The Associated Press that the idea, patterned after the Resolution Trust Corp. set up in the aftermath of the savings and loan crisis of the 1980s, was just one idea on the table." http://biz.yahoo.com/ap/080918/financial_meltdown.html
Talk about crazy.
my watch list went totally green before I even knew what was going on. Freekin nuts.
IP: Logged |
posted
CRAZY..oh yeah..for sure..I was thinkin its a clasic head fake..and after 10-15 minutes of hype they would come out and state sometning to the contrary..just like the othere day when I was short UAUA and BS came out making the stock drop like a rock..when i was not paying attention..only this time I could not believe my eyes and sold into strenght...sellin all of my shares of WM * 3 bucks..but it just kept climbing..missed out on another grand..in 10 minutes..i was fricken pisssssed to say the least..but then I always just take a deep breth and tell mnyself.."nobody ever got busted selling too early" and "bird in the hand BS" i guess that makes me feel better..yeah right..I been doing that sort of mistimeint ALL WEEK LONG..I guess that is the fine tuning process one must strive to develop..but all in all ...IT WAS A GREAT DAY..I love love love CYBER VEGAS
IP: Logged |
posted
Raj..if you have a premarket limit order..you might want to consider a cancel..after the crazy stuff today and weird news and all..
IP: Logged |
posted
So, we did a boo boo with SKF. Its bid/ask is $109.02/$109.20. So, how will the market do Friday?
I think its going up again. All the stocks on my list have higher bid over the closing price.
Glad you didn't short WB now Morpheus? Bid is $15.26. Wish I didn't sell it I do know that. Wow.....would of been a 49.3% gain.
Raj,
Sell your SIX before you loose your money. I would sit it out right now with all stocks. Market moved up big time today. I would be scared to buy anything unless you do a intraday trade.
IP: Logged |
posted
yeah..skf...ugly..what a bummer.. but im still long drys and exm and msft are my big stakes..so covered up and down..just which one is gonna beat out..im bailindog on skf early
IP: Logged |
posted
Ok Raj....Morpheus and I are similiar and different. When I had over $43,000 in my 401k. I invested like Morpheus. Same when I had over $20,000 in this account. Now I jump in for a dime or quarter and leave. I found that holding certain stocks over night in this market has really kicked my ass and also made me a ton of money. I work 2nd shift so I can't control my account after 3pm. So if the **** hits the fan I can't sell quick. Now with the money you have...I would invest it differently then what Morpheus is telling you. I would DROP it all in and come out with a $100-200 here and there. That is the name of the game. A stock can and will usually move 2-5% in a day. Make that each trade and you will have a ton of money one day. Sit there and put less then $3,000 in a stock and you have a challange!! If you play with more expensive stocks like MSFT you have way less risk then the stocks like PMI, WM, etc. However the lower stocks can be more rewarding in short term. My advice is quit pinching stocks and drop it all on them when you find your prize. Do a few intraday trades a week. Drop it all on a stock say F at $4.60....sell at $4.80. You have $2,000....you get 434 shares. You gain $0.20 a share. You just made $86 bucks minus your trade costs. There is nothing wrong with that at all. On another note, don't invest in a stock where you take a loss or you can't write that loss off on your taxes. I have a few that I shouldn't touch but at times I do anyways. I have never lost money on F. I think you need more practice because my man...you reading our posts and acting on what we say. How do you really know that we know what we are doing. Sure Morpheus can have more money in his account then I do but I could drop $65,000 in mine and have the same. Doesn't mean either one of us is a better trader or gives better picks. My trend is here for others and myself to place picks and work as a TEAM to make money. I look at it as an Investment Firm where everyone contributes their skills to make the Firm better. I can sit here and scratch my head with some stock trades or picks I have given but my track record is amazing. I think Morpheus is a creditable guy as well. I have been very lucky to have the people on my trend that really help out. Sometimes we make bad calls but in the end, we all make money.
I set up a account on www.marketwatch.com years ago where I gave all the people on this site the username and password. I would be interested in doing it again if people are interested. I don't use that site anymore but still know the passwords and user names. On that site we all had a Portfolio with our names on each and several other portfolios titles Seasonal Swings, Stocks to watch, Stocks to keep an eye on. It would be a great Idea to do it again if anybody wants to. Currently I watch TV and write down stocks of interests and do a quick price, volume, chart peak and see what I think and go from there. All the stocks I have listed on my paper right now are:
KMB CLB MAS WYE MER JBLU HOV IDEV HSOA CORT CEGE STEC FED CHRS VC DENN KOG RDN T LVLT IPG BPOP CAR BBI BCON WAVE WEL EBHI VG TRE EDAC MRVC NCOC MRO HTE RHT UEIC F REIS TWB NVDA HL CDE M PMI CHTR AAI SCA ZLC FACE COMV ALU DPO CVP PTA WM BXS BXF RF FNM FRE CSCO CCOI GM COGT TLAB UNTD XT
That list is made up of 3 months of just watching TV, Screeners, Etc. Pretty damn long I think. I used to keep my lists and check them out from time to time but lately I watch TV, pick a stock. Check it out and go from there. Funny huh???
So, good plays right now that I have ignored that I know pay out VERY VERY GOOD. One Seasonal play is OPGSX. Its a GOLD fund. I haven't played this one for years but always made 20-30% on it. Its a buy around now and sell at X-Mas fund. Current price is $25. I used to ride it from $13-18...sometimes $22. I have made some killings on it but time is what builds an account. I know I get greedy and want it all now but in a very conservative way.
Well, I think I have wrote enough....sorry for the ESSAY!!!
IP: Logged |
posted
Another strategy in investing is what I call Equity Trading. It works this way.
Lets say you bought stock X with $1,000 and it was priced at $1.00. You have 1,000 shares. Price moves up to $1.10. Your value is $1,100. Its time to sell now and you sell only what you paid and keep the rest as EQUITY. This strategy will build your portfolio up and allow you to always meet the margin requirements for account value. So if you did that strategy you would of sold 909 shares keeping 91 as equity. Down the road that 91 shares at $1.10 could become a $3.00 stock and pay you another $270 bucks. Think about it. I guess when I go to work and get my check. Ok, its $900 usually a week. If I spend the entire $900 on bills and BS, what do I have to fall back on when the basement floods or whatever disaster happens. Nothing. So if I spend $800 a week and keep $100 then I have equity to fall back on. Same concept.
I think I will have to read all this a few times when I get out of the pit so I don't fall back in....lol.
IP: Logged |
posted
R1..I concure..except to me a more expensive stock is one that 1. goes against you 2. does not move at all .. these are the 2 criteria to deem a trade "expensive" yes I know MSFT is a turtle..but it allows me to "park" some mola there and not have to franticlly watch it..while i can concentrate on other volitile movers like WM and AIG knowing that any movement in MSFT is gonna be slow and not to worry.. I too am into equity concentration..but always remembering to preserve my capital..so I can live to play another day so to speak. You really only need to pick one good winner at a time..that is all it takes..cause i hate when one pick goes up only to have at the same time another go down..youre flatlined..so i seem to have developed a self imposed 25-35% rule..very rarely will i have more then 4 stocks at one time with more that 75% of my total account..keeps is easy to manage too..if you have ever been caught in a hugh down day which comes out of nowhere..you would probebly do the same..but I really love the equity concept you explained..over time the steam roller effect is playing with only your "winnings"..I used to do this too, but got away from it a few years back
IP: Logged |
posted
i gave Raj my "style" (which is for the beginning-novice investor)advice cause i hate to see any newbie get into tradeing only to have a few quick losses, loose their principle and then struggle for a long time or go away never to return
IP: Logged |
posted
by the way..I am still skeptical on the "news" about a RTC program..why do i get this feeling that the man is gonna come out and say .."hey ,come to think of it, our plan is not going to work and "good news" suddely turns "bad news" so to speak...i have seen this before and it could be a ploy to clean out the investing schmoe of his mola..geese...im watching the puppets right now on TV and the pre-market DOW is up 340..OMG gonna be a great day for cyber vegas..Right R1 ?
IP: Logged |
posted
one last thought on Equity trading.. come to think of it I still do this..I often take my profits (few and far between some of the time) and roll money into my kids accounts. I have 3..i will buy only 1 stock with this and let it ride..knowing its the "houses" money..i buy companies they know and can relate too so they get excited about stocks too!..right now they each have a different stock..1. DENN 2.BBI and 3. NVDA (for my kid thats into computers cause hes a gamer) but i do move funds in and out but only stuff they can relate too..stuff like RAD, SBUX, NIKE, keeps their interest that way
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Eek!]](eek.gif)
![[Frown]](frown.gif)
That really really sucks!!!!
