Any day traders/investors in here?

[Cybersavage]

The Dow breaking resistance here. Put buyers taking it on the chin:

http://stockcharts.com/h-sc/ui?s=$IN...d=p01425543259

cs

[Jewpac]

The only stock I have is in my banks holding company and I took it in the shorts when one of out affiliate banks had a few huge defaults and had up way up their loan loss reserves. But I mostly invest in real estate, hotels to be specific, and its been doing pretty well for me over the last 2 years.

[InsaneSkippy]

Originally Posted by Papethova

Are they April options?

Nope, they're in June.

As of this post Google is up 90 points in after hours.

[curtdragon]

Originally Posted by Papethova

Ya I got kicked in the pants this week pretty hard. Lost all of my cushion back down to my own money again.

Sucks because I was hoping to have enough locked up to pay for the 135, oh well its still 2 months out I have time to make it back again.

how much are you investing that you could have bought the car straight out? (if you dont mind me asking)
I want to start investing but kinda of scared lol

[Cybersavage]

Technical analysis on the recent slump:

http://www.screencast.com/users/Leav...9-5cac8924ef6b

Forecast from ChartsEdge.com:




cs

[Papethova]

Originally Posted by curtdragon

how much are you investing that you could have bought the car straight out? (if you dont mind me asking)
I want to start investing but kinda of scared lol

The dollar amount isnt that important, its how you trade. Some of it (most for some) has to do with luck. You can make a good chunk of change with minimal investment if you use your margin and make numerous trades a day that work for you versus someone who has 100k in their account and holds 15 different stocks.

One day BSC went from 57 to like 26, if you had shorted 1k shares youd have made 30k (assuming you got in at the top and out at the bottom), I think it closed at 32-33 that day and opened the next day at 3, thats another 30k on 1k shares. You have to be in the right stock, on the right side, at the right time AND you have to get out at the right time. Situations like that you can't predict. Also, most of the time the big change occurs between the open and previous close so you actually have to hold the shares overnight. In my BSC example, over the weekend.

I had shorted ABK the day they halted trading at 11.25ish, it came back at 8.50-9. I made a good amount, mostly luck really. The very next day I lost 90% of what I had made in ABK in 3 trades. If I had been long on that halt id have lost my shirt. 2-3 days later I had made back what I had lost and then some. I got lucky, I had 2-3 weeks of up days everyday, and pretty big ones at that. Then I had 2-3 weeks of down days. If you "tilt" as they say in the poker world, it makes everything so much worse.

I was watching and even shorting NCS (I think its NCS) a few weeks ago, didnt make much, but today the thing tanked, I could have been up big if I was in it. Or lost big if I was long.

Look at how RHD crashed, and FSLR soared. One helped me, the other hurt me. I even had bought APPL at 125 and decided to hold it for a few months. Its now at 165ish but I didnt stick to my game plan. I actually sold it minutes later to catch something else (I think it was ABK). Just 200 shares of APPL would translate to 8k.

Its all about volume, 10k shares of something translates to $100 per penny in movement. It moves 0.05, take the $500 and get out.

Some people analyze charts, others study fundamentals, some go with momentum. Most think they have a "system".

Day trading is basically gambling, dont do it with money you can't afford to lose. There are times where your position will move in the wrong direction and you have to sit and wait, you have to be able to handle being down at that time. Some people can wait out a downturn of 100k, others panic sell or cover when they are down $500. Some say take the loss and make it back somewhere else, others like to wait it out.

Dont be attached to your money and be prepared to lose it all. Fear will force you to make terrible decisions.

Also, your account grows non linearly. If you have 10k, and use margin (20k total) and make 5%, thats 21k. The next day you have 11k and thats 22k with margin. Do that 5 days in a row and your account increases by over 5k (~6k) but your buying power increases more than 10k (~12k). Thats an extra 1200 shares of a $10 stock. If it moves a dime its an extra $120. Its late, my math could be wrong.

[curtdragon]

thanks for the tips

[Cybersavage]

Some decent short term traders here:

http://investorshub.advfn.com/boards...?board_id=1125

One of the best TA trading sites:

http://www.traders-talk.com/mb2/index.php?showforum=2

You can register here and establish a (free) virtual trading account:

http://clearstation.etrade.com/cgi-b...on.etrade.com/

And if you're not into all that research, my buddy John has an excellent stockpicking service:

http://www.trending123.com/

[Cybersavage]

Bullish read:

http://www.safehaven.com/article-10087.htm

[mikeo]

Originally Posted by Cybersavage

Bullish read:

http://www.safehaven.com/article-10087.htm

Wow! I wouldn't call myself a Pollyanna, but that is about the blackest, cynical worst-case scenario I've ever read. God help us if it gets to that.

[Cybersavage]

Forecast from the black box at ChartsEdge:

http://www.chartsedge.com/

[mikeo]

So, anyone trading in 2009?

[A990]

BUMP seems like everyone is hands off...

[bolinp78]

Holding a variety long, including preferred offerings with good dividends, and doing a few covered calls. That's about it.

[txusa03]

I am in it for the long run, real estate investment.

I just throw some money here and there and hope they grow lots of offsprings.

[MJC///M3]

long a few financials....sold a few calls to hedge on the single names. Might wanna throw on FAZ soon.....

would love to jump into some commodities futures right now...but simply dont have enough cash to post collateral and margin calls, especially if the market works against your bet.

not entirely sold on these good earnings reports, especially from banks, we could see a nice pull-back soon....

anyone going short???

[MJC///M3]

up 86 today boys...lets see if we can hold on to the rally ....

saw a nice lil sell-off yesterday.....but today....might be throwin on a few Oct calls on some single names...

and BerTANKe got voted to a second term!!....