**OFFICIAL** Trading and Investing Thread- Part -II-

[V8 Muscle]

Originally Posted by UMadBrahh

Im not surprised one bit. For the last month , everyone expects employment numbers to be bad. No one was even shocked today. The market went down for 10 mins then drifted into green territory. The employment numbers are the LAST thing to recover in any economic recession as well. As far as the consumer credit #'s, eh - people were expecting worse.

The data from yesterday about the economic recovery was still lingering. We are in the middle of a bearish pullback at the end of today and the 1070/75 will be the real test. If we hit that resistance and drop down...who knows how far we will drop. But if we climb that wall... dow is looking good for dow 10,600/700 by the end of the year

Again, just my opinion. Never expected anything "horrible" in the market today. Next week is a different story.

60% cash

I think the bigger issue is that stocks dont seem to care about economic data. People are chasing momentum, and its only a matter of time when momentum changes. We got a taste of that when we fell 75 points in 3-4 days. Next week will be interesting.

[mcichocki]

Originally Posted by JingleAllTheWAY

So we got lousy unemployment numbers, horrendous consumer credit #s, bad nonfarm payrolls...and $CIT bankruptcy..

yet the market is not correcting the way it should be.

today, without a doubt should have been a hard selloff day.

But it did not happen.

market continues to humble.


to be continued....

Logic need not apply when the market is being discussed.
How's that go..."the market can stay illogical far longer than you can stay solvent" or somethin like that.

[plumher]

Originally Posted by picartman

Fuuuuuuuck I sold out of MGM at a $200 loss due to fear (I know right :\) and then 5 minutes later it jumps up. Could've made 10k. D: Oh well 1.4k isn't bad either.

ya well, I bought lvs at 2.25 in april and sold it a week later for 2.85. Now its 15....down from 20. arent i SMART

[Economics]

Originally Posted by plumher

ya well, I bought lvs at 2.25 in april and sold it a week later for 2.85. Now its 15....down from 20. arent i SMART

depends how many shares you bought...

[Ace_2004]

In to read later

For the UK brahs or anyone else interested, i found an online stock market simulator for The London Stock Exchange, get 100,000 virtual money to play around with to trade in real time without the risk of losing a penny...helps you to learn about the markets ect.
Awesome sites.

http://www.virtualtrader.co.uk
http://www.bullbearings.co.uk/index.php


US markets:

http://vse.marketwatch.com/Game/Homepage.aspx


Edit:-
Also just found this site which actually seems to be the better than all the above.
Register an account and create a portfolio, enter your own desired amount of virtual money and then add whatever stocks you want from pretty much every business from the main international stock markets....type in the shares and the price you're buying it for, price of comission ect and it will keep updating with real figures so you can tell if you make a profit or not on the investments without any risk.
Also has a sht load of research and analytical tools too.

http://www.digitallook.com

[Kiddi]

Do you guys know of any good technical trading blogs worth checking out ?

something like evilspeculatior.com or afraidtotrade.com ...

[GaDoomZ]

Microsoft just banned A bunch of Xboxs. Sales of the System will once again shoot up.


brb buying MSFT on dip

[Samkon]

Should i buy MJNA

Medicial Marijuana.. It seems that its lowest points have been .24 and thats what its at now. But the thing is it goes up 30%-40% on news thats where i would sell. What do you say. I would throw 600 dollars at it.

[Samkon]

Its at .24 which is the stocks support. So a perfect time to buy in.

[koh19]

Originally Posted by koh19

OK SO HERE'S THE THING GUYS:

I opened a Zecco account about a year ago, was gonna transfer money into it, invest in stocks, study the market/firms/... , but long story short, school got in the way, had to do other things, seriously studied Forex and I didn't do a thing.

So here I am 1 year later with nothing invested. I've decided that I'm finally going to get shiit done and invest in the stock market. I know this might not be the best time to start investing money but I wanna do it as early as possible.

I'm currently at university, have a pretty dense schedule so I won't have much time to learn lots of stuff. I'm studying economics so that might help a little to understand a few things. I also read The Economist.

First of all, how much should I put into this account? I seriously haven't got a clue concerning the amount of money I should start out with. $1000? $3000? $5000? I was gonna put approx $2500.

Should I also consider metals (silver, gold,...) and ETFs?

One last thing; one of the reasons I've decided to invest now is that Brazil just got the 2016 Summer Olympics and already got the 2014 World Cup of soccer. I'm figuring investing now in brazilian stocks would be an absolutely great investment. What do you guys think?

Green-tech is also great these days, a lot of stocks have taken a serious beating and still haven't recovered yet.

Thanks a lot guys, I'd be thrilled if you could help me with this!

Cheers

Can you guys help me out with all this?

How much? tips? etc...

[V8 Muscle]

just bought some SPWRA calls. Should be at 32 in not too long

[picartman]

Originally Posted by V8 Muscle

just bought some SPWRA calls. Should be at 32 in not too long

Nice looking trend on that one.

[V8 Muscle]

Originally Posted by picartman

Nice looking trend on that one.

yeah man, easy as hell to trade. got in the Dec 32 calls for .50

[picartman]

Originally Posted by V8 Muscle

yeah man, easy as hell to trade. got in the Dec 32 calls for .50

Hm It looks like the kind of stock that gets most of its gains from gap-ups...

[NY Money Mike]

MTL reports -64% profits from last quarter but becasue they say "the worst is over" they are up 6%?

Also at its high, would anyone short here?

Great day for NEP. Earnings next monday, solid company with a LOT of cash.

[Kiddi]

Originally Posted by koh19

Can you guys help me out with all this?

How much? tips? etc...

I would start small, with something below 5k at least. And only put money into the account you are ready to lose. If you are inexperienced you will most likely be loosing money so starting low will reduce your potential loss.
I made a mistake when I opened my account 2 years ago to start to early to trade and lost money because of inexperience (emotions getting in the way and inability to read the tape). Fortunately my account was not big and I cut my losses quickly (in some cases not quickly enough ). In retrospect I should have practiced more before I went on to trade live. And I would recommend the same to you. I have an account at thinkorswim and they offer you to trade live and also papertrade, where you can trade live without risking your money (simulated positions etc.). You should also try to find some good blogs or books to read.

It's much cheaper learning from someones else mistakes in the market rather than your own.

Good luck with your account and hopefully you can make some money out of this.

[plumher]

Originally Posted by Economics

depends how many shares you bought...

I had a 1000. I was being facetious.


Now my long positions are FCX, SWKS, BLK, AAPL,BUCY

[Roke]

GQNWS is up 500% this day. Imagine if you had just $500 initially invested that would be a $2500 gain in a matter of minutes...



sigh

[Roke]

Originally Posted by plumher

I had a 1000. I was being facetious.


Now my long positions are FCX, SWKS, BLK, AAPL,BUCY

Pretty good picks, what website do you use to search for stocks?

[plumher]

Originally Posted by Roke

Pretty good picks, what website do you use to search for stocks?

fast money, mad money, scottrade for analyticals and research

I try to be diversified but I dont understand the philosophy of speading my capital on sectors that arent moving anywhere. ie if we werent recovering from a recession Id be heavy into consumer staples and maybe more healthcare companies, but now the tide is construction ,banks,energy ,and commodities

[Westboarder]

Originally Posted by V8 Muscle

just bought some SPWRA calls. Should be at 32 in not too long

If the trend continues and the dollar stays weak.

[picartman]

Originally Posted by Roke

GQNWS is up 500% this day. Imagine if you had just $500 initially invested that would be a $2500 gain in a matter of minutes...



sigh

Usually when I see penny stocks jump by a massive amount I always remember just how hard it is to sell out. Sure you just made 500%, now lets see you pocket that money.

Also on a side note, I wanted to discuss something about trading plus emotions. How much emotion should be thrown out the door? Are we to become knowledgeable logical traders to maximize our gains? Is it good if I see a loss not as a bad thing, but as a way to learn from a mistake? When I first started trading, if I was in the red, it would change my mood throughout the day. Now I completely changed. I made a bad trade today, lost a thousand bucks, but it seemed as though it didn't phase me, as I knew that I ****ed up and that I must learn. Is it bad that losing money isn't phasing me? By the way I'm not saying that I'm making reckless trades and dgaf if I lose money, I'm saying that if I tried to make money by following what I've learned and lost money instead, that it doesn't phase me.

brb going to class :\

[Vitiell0]

Originally Posted by V8 Muscle

agreed, esp not with such a weak dollar vs GBP and Euro. Bernanke is ****ing you guys too lol


Edit: If anyone is interestd, today is a PERFECT time to short GE

I hope no one followed your advice on GE

[Westboarder]

Originally Posted by Vitiell0

I hope no one followed your advice on GE

No ****.

[mcichocki]

Originally Posted by vitiell0

i hope no one followed your advice on ge

lulz

[UMadBrahh]

Originally Posted by Vitiell0

I hope no one followed your advice on GE

Originally Posted by Westboarder

No ****.

Originally Posted by mcichocki

lulz

haha kinda funny no offense brah

[Roke]

Originally Posted by picartman

Usually when I see penny stocks jump by a massive amount I always remember just how hard it is to sell out. Sure you just made 500%, now lets see you pocket that money.

Also on a side note, I wanted to discuss something about trading plus emotions. How much emotion should be thrown out the door? Are we to become knowledgeable logical traders to maximize our gains? Is it good if I see a loss not as a bad thing, but as a way to learn from a mistake? When I first started trading, if I was in the red, it would change my mood throughout the day. Now I completely changed. I made a bad trade today, lost a thousand bucks, but it seemed as though it didn't phase me, as I knew that I ****ed up and that I must learn. Is it bad that losing money isn't phasing me? By the way I'm not saying that I'm making reckless trades and dgaf if I lose money, I'm saying that if I tried to make money by following what I've learned and lost money instead, that it doesn't phase me.

brb going to class :\

Well the theory is that if you have a solid strategy and diversify investments then you quickly cut your losses and let the winners ride out. Problem is you need lots of G to pull that off otherwise you'll be investing 200$ on each of 5 different stocks--the fees and commissions would be mind-bogglingly high.

[V8 Muscle]

Originally Posted by Vitiell0

I hope no one followed your advice on GE

its up 3% from where I said to short lol. You can't take a 3% drawdown?

[mcichocki]

Just closed the remainder of the DDM puts I sold.
I see 10,225 as a pretty decent area of resistance for now. I'll review when we get there and see the price action.

[Westboarder]

Originally Posted by V8 Muscle

its up 3% from where I said to short lol. You can't take a 3% drawdown?

Emotion or Logic would have kicked in and likely trigged what my friends and I like to call a "stop loss".