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

**NY Money Mike** · 07-14-2009, 01:55 PM

Originally Posted by Westboarder

Unless you're trying to avoid a pattern day trader account, you win!

I have a margin acct, not a PDT account

Originally Posted by Morbid_Mind

brb calling the SEC

I will take my 70$ to the grave!

**Morbid_Mind** · 07-14-2009, 06:53 PM

Originally Posted by NY Money Mike

I will take my 70$ to the grave!

I will support your heroic fight

**bluemarlinO4** · 07-14-2009, 07:00 PM

Anyone hold RMBS?

**Westboarder** · 07-15-2009, 06:09 AM

Anybody else think that the girls on CNBC are ugly beyond repair? They always have some weird tick that just bugs the hell outta me.

**|ceman** · 07-15-2009, 06:15 AM

Originally Posted by Westboarder

Anybody else think that the girls on CNBC are ugly beyond repair? They always have some weird tick that just bugs the hell outta me.

LOL...strong e-standards.

**awahl63** · 07-15-2009, 06:46 AM

Did you guys catch this article?

http://www.fool.com/investing/value/...idiculous.aspx

**JingleAllTheWAY** · 07-15-2009, 09:53 AM

intel sells a few computers and now the whole market shoots up...that makes sense. then again the market never makes sense.

**Powers** · 07-15-2009, 10:02 AM

This Obama market is killer!! Haha but seriously why is everyone in this thread down on the market. Trade what you have! More earnings this week so I could see the rally extending until Friday. Google and *** report tomorow. Good luck Miscers

**Morbid_Mind** · 07-15-2009, 10:18 AM

Originally Posted by Westboarder

Anybody else think that the girls on CNBC are ugly beyond repair? They always have some weird tick that just bugs the hell outta me.

**vref** · 07-15-2009, 10:44 AM

Originally Posted by Westboarder

Anybody else think that the girls on CNBC are ugly beyond repair? They always have some weird tick that just bugs the hell outta me.

yeah ok

bartoromo may look more like a pig now but erin burnett is hot as hell

**FranchiseKid** · 07-15-2009, 10:50 AM

I don't even want to look at the portfolio value today... ugh. I haves me some headache.

**Morbid_Mind** · 07-15-2009, 11:01 AM

Originally Posted by vref

yeah ok

bartoromo may look more like a pig now but erin burnett is hot as hell

I think maria has a smelly vag

**bluemarlinO4** · 07-15-2009, 11:19 AM

Originally Posted by FranchiseKid

I don't even want to look at the portfolio value today... ugh. I haves me some headache.

already made that mistake. Im like "how bad could my leap puts be"...."yah, bad enough"

**|ceman** · 07-15-2009, 11:46 AM

Originally Posted by FranchiseKid

I don't even want to look at the portfolio value today... ugh. I haves me some headache.

You still short in this market?

Wow strong cojones!

**mcichocki** · 07-15-2009, 04:47 PM

Originally Posted by Powers

This Obama market is killer!! Haha but seriously why is everyone in this thread down on the market. Trade what you have! More earnings this week so I could see the rally extending until Friday. Google and *** report tomorow. Good luck Miscers

I'm with you. We have a bear macro trend and a bull micro trend. Either let the micro trend turn to bear or try to short near the prior highs. It's not time yet based on the charts to be hardcore short. There was some short-ability on the retrace...but you'd be fighting the micro trend.

http://www.tradersbase.com/forum/mar....html#post6504

**mcichocki** · 07-15-2009, 04:49 PM

Originally Posted by |ceman

You still short in this market?

Wow strong cojones!

I think by now the bulls own his cajones. If he's got enough time and dry powder he should be able to get them back though.

**JingleAllTheWAY** · 07-15-2009, 04:50 PM

im stuck in CIT guys. got halted on me. not looking good....might fail...no good for overall market...expecting pullback tomorrow.

**mcichocki** · 07-15-2009, 04:52 PM

Originally Posted by JingleAllTheWAY

intel sells a few computers and now the whole market shoots up...that makes sense. then again the market never makes sense.

NOPE...sure doesn't. It's reverse psychology at its best.
INTC was bound to make a move...look how strong the Naz has been!

**V8 Muscle** · 07-15-2009, 04:56 PM

welp I'm officially trading forex now and i have an insanely profitable system so far. Its taken 100+ pips a day on average for the last 3 weeks with an 85+% success rate. At this rate I should be green in like a month. I'm learning a hell of a lot about position sizing, risk management, and discipline though. Way more than I did trading equity/options.

look out DCarusso, I'll be back in this thread soon to **** all over your ******* ass

**|ceman** · 07-15-2009, 04:57 PM

Originally Posted by mcichocki

I think by now the bulls own his cajones. If he's got enough time and dry powder he should be able to get them back though.

The bulls definitely got my cojones. I'm leveraging out of my FAZ holdings - if these 2nd quarter earnings keep beating the street's estimates, it's "to da moon".

**mcichocki** · 07-15-2009, 05:04 PM

Originally Posted by V8 Muscle

welp I'm officially trading forex now and i have an insanely profitable system so far. Its taken 100+ pips a day on average for the last 3 weeks with an 85+% success rate. At this rate I should be green in like a month. I'm learning a hell of a lot about position sizing, risk management, and discipline though. Way more than I did trading equity/options.

look out DCarusso, I'll be back in this thread soon to **** all over your ******* ass

DC is a good guy in my experiences with him. I think you got hot when he tried to advise you if I recall correctly and it snowballed from there.
I like you dude, you have potential and I told you this all along. But the cocky BS pisses people off. Hell we got into it a few times because I thought you were being way too braggadocios for your experience level.
The market will humble you and then you learn to respect the game. I hope your getting there and I hope you see this all the way through and profit.

I ask that you 2 try to get along, I like both you guys and would like to see it stay civil in here.

**V8 Muscle** · 07-15-2009, 05:15 PM

Originally Posted by mcichocki

DC is a good guy in my experiences with him. I think you got hot when he tried to advise you if I recall correctly and it snowballed from there.
I like you dude, you have potential and I told you this all along. But the cocky BS pisses people off. Hell we got into it a few times because I thought you were being way too braggadocios for your experience level.
The market will humble you and then you learn to respect the game. I hope your getting there and I hope you see this all the way through and profit.

I ask that you 2 try to get along, I like both you guys and would like to see it stay civil in here.

i wont be back until im net posi so we have a while until that happens. i just was pissed about how he was hating on anything and everything i posted in here. nobody posts any good analysis in this thread anymore anyways, but whatever. i've surely come a long way though i will say that.

**JingleAllTheWAY** · 07-15-2009, 05:46 PM

Originally Posted by TheStigger

wtf happened? I got it too...it has to go to 8 right??

all the other ones did

lol you're joking right?
if you aren't...then please stay away from trading until you educate yourself.

this will either shoot to 2-3.... or fall to 40cents and below...

so far the latter looks more plausible since the government will not be supporting them. read the news.

i woudln't have taken this gamble....but the stock was haulted on me...so now i have no choice.

**Powers** · 07-15-2009, 06:00 PM

I wonder what effect this CIT possible bankrupcy will have on the market tomorow. I don't see how Geithner can let this fail after he bailed out so many others.

**vref** · 07-15-2009, 06:15 PM

cliffs on dcarruso v8muscle beef?

v8muscle,

what did you backtest your system against

**Pay_Me** · 07-15-2009, 06:25 PM

Originally Posted by TheStigger

if Cit goes BK then 100s of business go out too= problem again.

they will get saved. They can't fail now

Government was letting rumors leak they might backstop small biz loans themselves. No need for CIT. So BOOM goes CIT, if gov decides to do direct.

**V8 Muscle** · 07-15-2009, 06:28 PM

Originally Posted by vref

cliffs on dcarruso v8muscle beef?

v8muscle,

what did you backtest your system against

what do you mean what did I backtest it against? it isnt a mechanical system (not coded, just manual) so i can't backtest it on metatrader or anything. just visually backtested it and have been playing it for a couple weeks so far.

**Morbid_Mind** · 07-15-2009, 06:31 PM

What sortof system are you using?

**V8 Muscle** · 07-15-2009, 06:35 PM

Originally Posted by Morbid_Mind

What sortof system are you using?

technical indicators > 1hr, mostly the rsi and stochastic. for some reason its been foolproof.

system was long from 1.3970-1.4110 (+140 pips), then got short at 1.4110 and is currently still in the trade at 1.4077 (+33 pips)

just FYI, margin on 1 contract is about $140 bucks so just today its made 126% (177/140) (each pip for 1 contract = $1)

**Idragmazda** · 07-15-2009, 06:45 PM

hey guys,

I've recently taken a interest in trading/investing and plan to invest in the near future (primarily in stocks), but before anything i've been trying to do some research so i dont fail. But I need your guys' help.

So far I have read:

Stock Investing for Dummies (I know basic but I needed a basic understanding of the financial markets) (no finance major, im an engineering major)

and read about 1/3 so far of How to Make Money in Stocks A winning system in good times or bad by William J O'Niel

do you guys have any additional books/articles you could recommend me that focus more on technical analysis of stocks and the general markets? as well as economic influence on markets?

my major really had no economics or finance classes (except Engineering Economy) although i do plan to pursue an MBA focusing on Finance a little while after graduation. But untill then all i have is books and investopedia.com lol.

From lurking on this thread, you guys seem very knowledgable, and I would like to soak up as much information as possible.

Thanks in advance!

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