Stock market tips and experiences

[PSUSMU]

Originally Posted by F1Venom

TWTR up over 3% today. Dang, pissed I sold my calls.

I always yield the highest % gains on the smallest positions. Can't complain though.

[MrPrena]

AMD TWTR looking good.

I am usually right on the spot, but I just cannot predict what AMD would do after July Earnings report.

[MrPrena]

Originally Posted by BMW..

I'm a college kid with little to no experience in stock trading with a few 1000 to invest in. I suggested that my parents invested in intel, Johnson Johsnon, and Mattel and made a nice profit from it! Do any of the more experienced guys have any tips they can share with a noobie? Thanks fellas

$1000 is enough to start. Make this a learning experience first.
I started with 3000 when not too many people even knew what Datek was. I learned more from investing/trading than 1/2 of my educations combined.

I. Finding a good discount brokerage firm.
1. Look for lowest deposit requirement firm. Some may require fees under x amount. Avoid the fees.
2. Good reliable trading platform/brokerage. Some even have a CNBC on the platform. When I get bored, I just go to Starbucks and watch the CNBC.
3. Cheap commission.

II. Do your Homework.
1. HW on Fundamental/Technical/Economic Indicator may reduce systematic risk. However, sheepies even know how to do all that. Look at the future, not the TTMs. Recalculate the fundamentals based on what they WILL have.
2. There are some speculations involved, but some are really no brainer. M&A speculations are easy, but timing it is not.

III. Self control
1 Learn how Options trading works. Options trading is important factors.
2. Margin? I prefer not, but some do like having a margin.
3. Don't be greedy. "umm, when it reaches 100. Ummm when it reaches 101."

[MrPrena]

Originally Posted by E90Alex

Thoughts on LULU?

I am no Icahn nor Buffet. Simply, I would focus more on fundamentals than technicals on LULU.

[M5Rlz]

Originally Posted by MrPrena

One of my former co-worker emailed me about AMZN, because they want to add more AMZN into their funds.
I told em, "I don't care if AMZN makes Terminator T-1,000,000 manufactured tomorrow, I ain't paying for 400-500 earnings multiples."

Yeah I bought it at 160ish and have zero plans to ever buy more.

Originally Posted by MrPrena

AMD TWTR looking good.

I am usually right on the spot, but I just cannot predict what AMD would do after July Earnings report.

Yeah, its just such an unknown. I've never hit them right.

Originally Posted by NemesisX

How does go pro encourage repeat business? That's the only thing that worries me about go pro. It might be a nice buy short term but I don't see the potential for sustained revenue growth.

They break real easy haha and if you look they bring new products and drop support for past models almost forcing people to upgrade granted thats a risky business practice but when you're the most well known maker beyond someone using a digital camera, or cell phone you kind of have the market to play with.

[deeLow]

Originally Posted by MrPrena

$1000 is enough to start. Make this a learning experience first.
I started with 3000 when not too many people even knew what Datek was. I learned more from investing/trading than 1/2 of my educations combined.

I. Finding a good discount brokerage firm.
1. Look for lowest deposit requirement firm. Some may require fees under x amount. Avoid the fees.
2. Good reliable trading platform/brokerage. Some even have a CNBC on the platform. When I get bored, I just go to Starbucks and watch the CNBC.
3. Cheap commission.

II. Do your Homework.
1. HW on Fundamental/Technical/Economic Indicator may reduce systematic risk. However, sheepies even know how to do all that. Look at the future, not the TTMs. Recalculate the fundamentals based on what they WILL have.
2. There are some speculations involved, but some are really no brainer. M&A speculations are easy, but timing it is not.

III. Self control
1 Learn how Options trading works. Options trading is important factors.
2. Margin? I prefer not, but some do like having a margin.
3. Don't be greedy. "umm, when it reaches 100. Ummm when it reaches 101."

Do you have any suggestions for e-brokers, like etrade, interactive brokers, trade monster etc etc?

I've been watching for a few years and I'm ready. I was set to get going with my brother but he recently passed, so I got a little set back but now I really am determined to dive in.

[MrPrena]

Originally Posted by deeLow

Do you have any suggestions for e-brokers, like etrade, interactive brokers, trade monster etc etc?

I've been watching for a few years and I'm ready. I was set to get going with my brother but he recently passed, so I got a little set back but now I really am determined to dive in.

TDAmeritrade, Scottrade, Fidelity are okay. I haven't tried etrade yet, but I almost opened one , when they had a good introductory offer.

[gatorfast]

Originally Posted by BMW..

I don't really know alot of the words you said to me so I will have to keep educating myself... I signed up for scottrade as it is and I'm gonna deposit some money for the time being. Should I go right into stocks of options like you said? I never understood the concept of options even after reading about them online

DO NOT buy options. This was terrible advice for a beginning trader. Options are complex and volatile and typically only traded by advanced traders.

Just start slowly buying stock in companies you like. You will make a ton of mistakes in the beginning but its all about learning how the market works.

[MrPrena]

Originally Posted by gatorfast

DO NOT buy options. This was terrible advice for a beginning trader. Options are complex and volatile and typically only traded by advanced traders.

Just start slowly buying stock in companies you like. You will make a ton of mistakes in the beginning but its all about learning how the market works.

Originally Posted by BMW..

I don't really know alot of the words you said to me so I will have to keep educating myself... I signed up for scottrade as it is and I'm gonna deposit some money for the time being. Should I go right into stocks of options like you said? I never understood the concept of options even after reading about them online

As gatorfast said. Study and Master the options, before you trade them.
It took me about 18moth to realize how to trade and work on option strategies.

[PSUSMU]

I use and really like TradeKing - $4.95 fee

[MrPrena]

This nominal % gain in stock market look awesome, but we are basically hedging against the excessive Money Supply. Typically, people hedge against the dollar with precious metal, but they are little played out (or overbought imho). Bond mkt is basically screwed. Housing rose a little due to cash buyers.
Even McDonald/Wendy's Dollar menu went up more than S&P500 gain.

Only place investors had was stock market.
I don't think this rally will go further than 2Q2015. I haven't seen good bull market action year before the election in 15y period.

Originally Posted by deeLow

Do you have any suggestions for e-brokers, like etrade, interactive brokers, trade monster etc etc?

I've been watching for a few years and I'm ready. I was set to get going with my brother but he recently passed, so I got a little set back but now I really am determined to dive in.

Originally Posted by BMW..

I don't really know alot of the words you said to me so I will have to keep educating myself... I signed up for scottrade as it is and I'm gonna deposit some money for the time being. Should I go right into stocks of options like you said? I never understood the concept of options even after reading about them online

[E90Alex]

that NUGT woo

[F1Venom]

Originally Posted by E90Alex

that NUGT woo

That'll be a gold mine once precious metals enter a bull market

[Inspired]

Originally Posted by PSUSMU

I use and really like TradeKing - $4.95 fee

I used Tradeking in the past. Very slow trade execution.

The quickest trade execution broker from my experience is Interactive Brokers or TDA. I currently use IB because of the low commission price. Paying per share vs paying a flat rate.

I use TDA for their thinkorswim platform.

[MrPrena]

TWTR- $39.03 right now. (2:52est). I will take 0.80% gain any day on down day.
BBRY- 2nd biggest mistake this year. Bought it at 6.45 and sold it wayyyy too early.

[E90Alex]

Originally Posted by F1Venom

That'll be a gold mine once precious metals enter a bull market

NUGT today... upset I didnt add more into the dip (when it dropped to high 20s)

EDIT: Still holding my position... just wish I added more when it dropped

Added to my position once when it dropped to 30s and wish I did it again this time

[F1Venom]

Originally Posted by E90Alex

NUGT today... upset I didnt add more into the dip (when it dropped to high 20s)

Wow. I was looking over my SLV charts and it seems to have broken above a three year long resistance TL. I think it could be setting up for a massive rally to take it back into the $40s by early next year. Any thoughts? Where's Mact?

[E90Alex]

Originally Posted by F1Venom

Wow. I was looking over my SLV charts and it seems to have broken above a three year long resistance TL. I think it could be setting up for a massive rally to take it back into the $40s by early next year. Any thoughts? Where's Mact?

The only reason ive been holding NUGT was because my initial purchase was in the ~50s and I added a bit more when it dropped to low 30s a while ago. (Didnt add on this dip though)

I really should have been trading it but I decided that I might as well hold for a rebound.

[E90Alex]

BTW, as a response to the platform question above.

I use TDA.. do not have experience using other brokers but am satisfied here because of the research that is available, etc..

May look into lightspeed later.

[MrPrena]

I wanted to buy 1 JUL CALL WTSL, but they are 0.05.
Too expensive. I needed to have WTSL go up almost 20 cents to break even.
NO....

[MrPrena]

What the heck is going on? Major indicies are up (DJIA, IXIC , GSPC, etc) but high betas are mostly down.

[F1Venom]

Originally Posted by MrPrena

What the heck is going on? Major indicies are up (DJIA, IXIC , GSPC, etc) but high betas are mostly down.

Quad witching. I saw AAPL trade 20MM shares in the first five minutes. Can't look too much into it I guess.