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

[CLK-GTR]

What do you guys think of the ADP report today.

Missed expectations, still showed a decreasing unemployment trend, market only down 40.

I wasn't expecting this. I thought with the recent rally that expectations were so high that trading after a miss wouldn't be pretty. Maybe people are waiting for the bigger report on Friday, although I think the results are going to be the same.

i think things are being supported by the banks...on both sides of the atlantic. if any big financiers fail to meet expectations i think it could drop a lot further. plus, the employment estimates were only 21,000 out so its not that drastic.

[vref]

i think things are being supported by the banks...on both sides of the atlantic. if any big financiers fail to meet expectations i think it could drop a lot further. plus, the employment estimates were only 21,000 out so its not that drastic.

That's what I was thinking... reaction might have been muted due to the financial sector today.

[mcichocki]

IRA is now funded and ready to trade with. My first move may be going bear on the spy. HRMMM.

Badass Billy Brown. LOL

Oh...XHUA which was a TB members pick (Simon) did very well recently. I got in based on the weekly chart about a month ago and have been patient. Still holding since it's a small position and not worth scaling out here at resistance. Props to Simon

[shffl]

IRA is now funded and ready to trade with. My first move may be going bear on the spy. HRMMM.

Badass Billy Brown. LOL

Oh...XHUA which was a TB members pick (Simon) did very well recently. I got in based on the weekly chart about a month ago and have been patient. Still holding since it's a small position and not worth scaling out here at resistance. Props to Simon

Simon is definitely consistent with his picks. He had made lots of great calls!

Cisco just reported earnings that slid 46% even though it's "better than expected" ... which doesn't really make sense to me. Wall St analysts can just throw out really easy expectations and companies will just beat them over and over again and poof recession is over. Let's see how this affects the tech sector tomorrow. I'm holding puts for HPQ since I think it's pretty overbought. I'm hoping the news of CSCO will somehow give a gap down tomorrow for HPQ.

[mcichocki]

I'm going to enter some spy shorts in my IRA I believe. A breather is becoming very likely IMO.

[LethalGunz34]

Which site do you guys use to trade? etrade? sharebuilder?

[LethalGunz34]

I'm going to enter some spy shorts in my IRA I believe. A breather is becoming very likely IMO.

What do you think about MXWL? Worth getting some shares?

[mcichocki]

What do you think about MXWL? Worth getting some shares?

You tell us. What makes you think of buying?
For me...weekly chart has divergence and looks like a pullback is very possible. Index are pretty extended as well.

Your other question...Think or swim.

[shffl]

I'm going to enter some spy shorts in my IRA I believe. A breather is becoming very likely IMO.

That's my next move as soon as my funds are cleared. I sure hope I make it on time.

[vref]

That's my next move as soon as my funds are cleared. I sure hope I make it on time.

Lol you have to wait for your funds have to cleared? I can punch in whatever amount I want and I'm credited instantly. Don't you have a margin acct? If for any reason turn your margin on so you dont have to deal with BS like that.

[mcichocki]

That's my next move as soon as my funds are cleared. I sure hope I make it on time.

MARGIN MARGIN MARGIN.
Must have it. Only for clearing, not for the leverage at least.

[shffl]

Lol you have to wait for your funds have to cleared? I can punch in whatever amount I want and I'm credited instantly. Don't you have a margin acct? If for any reason turn your margin on so you dont have to deal with BS like that.

MARGIN MARGIN MARGIN.
Must have it. Only for clearing, not for the leverage at least.

Yea I think I'm going to switch to margin soon. I had a cash account to begin with because I thought I will be day trading for more than 3x a week. I guess I didn't really need to so I haven't changed it back yet haha

[CLK-GTR]

so i really didnt expect an early morning rally today. yesterday ended pretty much on a flat slope and i had in my head all night to sell this morning and ride out a rocky day. market's only been open 10 minutes but its already going through the roof AGAIN

[NY Money Mike]

What do you guys think of FSLR right now...

[Coppatop]

So I sold CTIC for a very smaill profit a couple of days ago, and got in C at 3.45. It's up to 4.00 after hours today. Wonder how much higher it will go. It hasn't been above 4 in 3 months. I have a nasty habit of selling too early (though I guess this is better than selling too late). Sold BAC last week at 14.5ish, but it's up to 16.7 today. Still haven't taken any losses though.

[mcichocki]

I'm retiring.


















From the thread anyhow. I feel I've given all I have to offer here and will focus my posts on one site from here on out. Yall know where that is. Hope to see ya there.

[Morbid_Mind]

IRA is now funded and ready to trade with. My first move may be going bear on the spy. HRMMM.

Yikes, still too early.

[|ceman]

I'm retiring.


















From the thread anyhow. I feel I've given all I have to offer here and will focus my posts on one site from here on out. Yall know where that is. Hope to see ya there.

I for one hope you'll reconsider and still drop in from time to time. I appreciate your insights and don't really do any other forums than this one and the Gaspari Nutrition forum.

[mcichocki]

Yikes, still too early.

Nawwww. It's worth the risk. I run TIGHT stops. Small position. No swinging for fences or bias trading where I don't admit the signal was wrong quickly. If the signal pans out I'll add, if not I bail quick. That's what trading is about. This is a reward/risk ratio of about 3 to 1.

I for one hope you'll reconsider and still drop in from time to time. I appreciate your insights and don't really do any other forums than this one and the Gaspari Nutrition forum.

I'll drop in on occasion I'm sure...like today.
I won't be doing market analysis for anywhere but TB though. I pay $50 a month to run the site. I'm sick of paying yet building content elsewhere with no interaction on my own site. If my input is valued that much people will migrate and participate. I mean it's just one click away. It's like telling your neighbor you miss them, yet there they are right next door and you just don't say hi when you see them in the driveway.

[CLK-GTR]

the LSE is getting well and truly stuffed this morning. I cleared out most of my banking stocks in expectation of RBS screwing up the party, which they have done, so luckily today im only down decimal points overall.

its the bank that are propping the nyse up too, so id expect a downward day for you guys later too.

[vref]

I'll be damned at the employment data

[NY Money Mike]

citi has been ROCKING!@ ))))))))))))))

[Morbid_Mind]

Nawwww. It's worth the risk. I run TIGHT stops. Small position. No swinging for fences or bias trading where I don't admit the signal was wrong quickly. If the signal pans out I'll add, if not I bail quick. That's what trading is about. This is a reward/risk ratio of about 3 to 1.

Good stuff. Just my opinion, based off the charts that it's a little early. But you and I use different indicators for trading, so...

What supp level are you looking at for the short? Nearest I see is 991

[Pay_Me]

Nawwww. It's worth the risk. I run TIGHT stops. Small position. No swinging for fences or bias trading where I don't admit the signal was wrong quickly. If the signal pans out I'll add, if not I bail quick. That's what trading is about. This is a reward/risk ratio of about 3 to 1.



I'll drop in on occasion I'm sure...like today.
I won't be doing market analysis for anywhere but TB though. I pay $50 a month to run the site. I'm sick of paying yet building content elsewhere with no interaction on my own site. If my input is valued that much people will migrate and participate. I mean it's just one click away. It's like telling your neighbor you miss them, yet there they are right next door and you just don't say hi when you see them in the driveway.

$50/mo to run the site??? Damn! what kind of hosting package are you using?

[shitbrickhouse]

I think this thread is interesting, and I would like to post a strong opinion and get real answers not flaming ones.

It looks like the majority of you in here are trying to beat the market. More power to you if you think you can, but I think most of you are just gonna lose your money. One thing is for sure, the people selling financial tools and making markets will DEFINITELY make $ off you. I believe in a buy and hold strategy, and although 2008 sucked, I think it will pay-off in the long run. My current positions are EEM,FXI,ILF,IYF,SPY,SSO, etc...mostly international. My portfolio is up like 40-50% in 2009.

One thing day traders overlook is the bid/ask spread. Lets say you buy a stock for 1.00 a share. Are you aware that the person who sold that share might only sell it for .995? That half of one percent is taken by the market makers. (This is on top of the small trading fee of $8 or whatever). If you make 100 trades a year, that half a percent just added-up to 50% of your money.

[CLK-GTR]

I think this thread is interesting, and I would like to post a strong opinion and get real answers not flaming ones.

It looks like the majority of you in here are trying to beat the market. More power to you if you think you can, but I think most of you are just gonna lose your money. One thing is for sure, the people selling financial tools and making markets will DEFINITELY make $ off you. I believe in a buy and hold strategy, and although 2008 sucked, I think it will pay-off in the long run. My current positions are EEM,FXI,ILF,IYF,SPY,SSO, etc...mostly international. My portfolio is up like 40-50% in 2009.

One thing day traders overlook is the bid/ask spread. Lets say you buy a stock for 1.00 a share. Are you aware that the person who sold that share might only sell it for .995? That half of one percent is taken by the market makers. (This is on top of the small trading fee of $8 or whatever). If you make 100 trades a year, that half a percent just added-up to 50% of your money.

There is a bid-offer spread whether you trade from home or youre at goldmans. in reality the ****ty bid-offer most trading platforms give you makes very little difference. its the commission you have to watch out for. even putting through trades worth a few k you have to make a percentage point just to break even.

[vref]

One thing day traders overlook is the bid/ask spread. Lets say you buy a stock for 1.00 a share. Are you aware that the person who sold that share might only sell it for .995? That half of one percent is taken by the market makers. (This is on top of the small trading fee of $8 or whatever). If you make 100 trades a year, that half a percent just added-up to 50% of your money.

That's the price you pay for liquidity... you wouldn't want to live in a world without it.

[Coppatop]

citi has been ROCKING!@ ))))))))))))))

I wonder how high it will go? I got in at 3.5. It just broke it's glass cieling of 4.00, which it didn't seem to be able to break for the past 6 months or so.

[NY Money Mike]

I wonder how high it will go? I got in at 3.5. It just broke it's glass cieling of 4.00, which it didn't seem to be able to break for the past 6 months or so.

yea, I got in at 3.... I have a stop at 3.98 but hopefully it doesn't hit. If it doesn't by EOD. I might sell. Not sure yet. Weekend is a long time

[mcichocki]

$50/mo to run the site??? Damn! what kind of hosting package are you using?

VPS. I intended to slice it out but everyone keeps backing out on me.
$10 per month for a slice of my VPS. The Liquid web support is fantastic and I can guarantee the 5 or so sites I would host will have no overbooked shared server issues. I have plenty of VPS to go around. LOL
You pay $12 a month for "shared" and you get an overbooked server typically.

Anyhow...yeah $50 out of pocket every month. I know eventually I'll be using it for hosting other biz ventures so I'm taking it on the chin for the time being.

RENT your web space from me fellas!!!

Stopped on my DOG trade for a tiny loss. Was worth a shot at 3:1 ratio. Will reset and watch for a new signal.