Stock market tips and experiences

Expired · 01-22-2008, 09:21 PM

Quote:

Originally Posted by cgnahc

How about that! Only a 100+ points lower, not too bad.

Beautiful fade from the gap down. 3/4 pt rate cut helped. Thanks, Uncle Ben.

Who MADE money today?

Dad, not as much as he should have though. I bet a lot of people had no idea why it gapped back up, until after the close..

Anyways, I hope you know how to sell short, because if all you know is to go long, you are in a world of hurt.
The government can only pull so many of their rabbits out of a hat, after they are all out the stock market is going to drop like a rock. Stocks aren't meant to go up forever and with all of these cuts, they are just going to make the correction even heavier.

I start trading again tomorrow.

It's kind of hard for me because I have school from 9:30-1:30 every day...

-Nathan

BMWCali · 01-23-2008, 01:54 AM

Quote:

Originally Posted by cgnahc

How about that! Only a 100+ points lower, not too bad.

Beautiful fade from the gap down. 3/4 pt rate cut helped. Thanks, Uncle Ben.

Who MADE money today?

It's probably going to get worse before it gets better. What happened to the international markets?

sinnet112 · 01-23-2008, 02:04 AM

Learn to go short or go long on the Ultrashort ETFs

O-cha · 01-23-2008, 02:40 AM

Quote:

Originally Posted by Expired

Stocks aren't meant to go up forever

Yes they are and they always will. It will drop sure, but it will go back up, maybe not tomorrow but eventually. Unless that's what you meant.

mpimping · 01-23-2008, 03:21 AM

mortgage rates down a 1/4 point...

Chunga · 01-23-2008, 04:07 AM

Quote:

Originally Posted by BMWCali

It's probably going to get worse before it gets better. What happened to the international markets?

International is down as well. But US hit bottom and i just got news that the USD will og down as well 2 - 3 weeks more. The help from FED will not last more then a couble of weeks. They have to do it again and this will end up in 3,25pct - not good for you boys.

Good for our export marked in Europe.
Big change is that many Chinese manufactors now demands to get their money in Euro instead of USD. Thay have been loosing money over short terms. From order to delevery the USD eats up their profit. (i had 3 calls this morning concerning this matter)
Dow Jones and Nasdaq went down. C20 ended up in +.
But you cant trust that - it will properly go down again. The emergency brake FED did will not last and will for sure have negative influence on other markets.
Average i lost 20USD on each share in US companies yesterday. So.... sell, sell, sell, sell....

Expired · 01-23-2008, 01:10 PM

Quote:

Originally Posted by Chunga

International is down as well. But US hit bottom and i just got news that the USD will og down as well 2 - 3 weeks more. The help from FED will not last more then a couble of weeks. They have to do it again and this will end up in 3,25pct - not good for you boys.

Good for our export marked in Europe.
Big change is that many Chinese manufactors now demands to get their money in Euro instead of USD. Thay have been loosing money over short terms. From order to delevery the USD eats up their profit. (i had 3 calls this morning concerning this matter)
Dow Jones and Nasdaq went down. C20 ended up in +.
But you cant trust that - it will properly go down again. The emergency brake FED did will not last and will for sure have negative influence on other markets.
Average i lost 20USD on each share in US companies yesterday. So.... sell, sell, sell, sell....

Funny because the Chinese dollar is in a world of trouble just like ours..
Like us, they also don't have any 'real' currency such as gold to back it up.

Me and my dad we're talking about this last night.. It doesn't matter what they have the currency in, when the U.S. and other major countries currency drops in value, it will drag everyone else down with them.

-Nathan

ironjw · 01-23-2008, 01:22 PM

market is going down hill in the next 6 to 8 months...

scottwww · 01-23-2008, 01:41 PM

Quote:

Originally Posted by Expired

Funny because the Chinese dollar is in a world of trouble just like ours..
Like us, they also don't have any 'real' currency such as gold to back it up.

Me and my dad we're talking about this last night.. It doesn't matter what they have the currency in, when the U.S. and other major countries currency drops in value, it will drag everyone else down with them.

-Nathan

Isn't the Chinese Yuan still price locked to the dollar by the Chinese? We've been saying for awhile that the Chinese need to let their currently float rather than lock it to the dollar. I think this is part of the cause for the drop in the dollar over time.

iatacs19 · 01-23-2008, 01:50 PM

AAPL took a nice dump

Chunga · 01-23-2008, 04:35 PM

Yes - its locked to doller. Thats why they will have their payment in Euro when they sell to Europa now. But the party was short. We got our items cheaper and cheaper from China but then they startet to increase prices.
The dollor got to low.

cgnahc · 01-23-2008, 04:49 PM

Well...Wed, Day Two. Weee Dogie... Market was hurting most of the morning then powered up higher 200+ pts. Looks like the funds, MBA crew crunched the numbers and gave the green light. Nice little 500 pt turn.

check that, just above 600 pt range...bet there was some short squeeze in there. Wonder how the internationals faired?

cgnahc · 01-23-2008, 04:57 PM

Quote:

Originally Posted by Expired

Dad, not as much as he should have though. I bet a lot of people had no idea why it gapped back up, until after the close..

Anyways, I hope you know how to sell short, because if all you know is to go long, you are in a world of hurt.
The government can only pull so many of their rabbits out of a hat, after they are all out the stock market is going to drop like a rock. Stocks aren't meant to go up forever and with all of these cuts, they are just going to make the correction even heavier.

I start trading again tomorrow.

It's kind of hard for me because I have school from 9:30-1:30 every day...

-Nathan

I'm a pro trader, short or long no problem, and write for a financial website... Actually, the Tues. position was to fade the gap...long. Trading don't care how old you are or size acct. you have. Keep at it. In fact, focus on trading the first 60-90 min. That will be enough.

cgnahc · 01-23-2008, 05:03 PM

Quote:

Originally Posted by sinnet112

Learn to go short or go long on the Ultrashort ETFs

Note most all Ultras can only long.

For others, Ultras are Exchange Traded Funds that trades higher when the underlying sector moves lower...such that they have an inverse relationship, and some have a 2x or 200% inverse relationship (some are 200% of the underlying sector, almost like a free margin of 2x your account). These are good to buy in descending trends in qualified only accounts, such as IRAs...where you can only buy or go long in these accounts.

BMWCali · 01-23-2008, 05:05 PM

Quote:

Originally Posted by iatacs19

AAPL took a nice dump

I bought it at $38/share. I rode it all the way up to $202/share. Now I'm riding it all the way down and hopefully all the way back up to $300/share.

Just in the past two days alone I'm down $2,400. I sure hope AAPL and DELL pick back up again.

mpimping · 01-23-2008, 05:09 PM

Quote:

Originally Posted by cgnahc

I'm a pro trader, short or long no problem, and write for a financial website... Actually, the Tues. position was to fade the gap...long. Trading don't care how old you are or size acct. you have. Keep at it. In fact, focus on trading the first 60-90 min. That will be enough.

what do you think is gng to happen with treasuries tomorrow?

FirstClass · 01-23-2008, 05:27 PM

Quote:

Originally Posted by O-cha

Yes they are and they always will. It will drop sure, but it will go back up, maybe not tomorrow but eventually. Unless that's what you meant.

+1
Long haul they always go up. Short haul it's all over the place. Economic cycles are unavoidable and the sign of a healthy market.

OC Guy · 01-23-2008, 06:27 PM

Quote:

Originally Posted by BMWCali

I bought it at $38/share. I rode it all the way up to $202/share. Now I'm riding it all the way down and hopefully all the way back up to $300/share.

Just in the past two days alone I'm down $2,400. I sure hope AAPL and DELL pick back up again.

If they drop a bit more I might buy AAPL big.

ArmyBimmerDude · 01-23-2008, 06:31 PM

Quote:

Originally Posted by OC 335i

If they drop a bit more I might buy AAPL big.

+1

Expired · 01-23-2008, 11:29 PM

Quote:

Originally Posted by cgnahc

I'm a pro trader, short or long no problem, and write for a financial website... Actually, the Tues. position was to fade the gap...long. Trading don't care how old you are or size acct. you have. Keep at it. In fact, focus on trading the first 60-90 min. That will be enough.

Unfortunately for me I am taking my shower for school during the open or else I would be, and even then I hate waking up early. +I procrastinate.

I'm going to have to punch myself daily until I get back into the groove of trading every day.

-Nathan

sinnet112 · 01-24-2008, 01:07 AM

Quote:

Originally Posted by cgnahc

Note most all Ultras can only long.

For others, Ultras are Exchange Traded Funds that trades higher when the underlying sector moves lower...such that they have an inverse relationship, and some have a 2x or 200% inverse relationship (some are 200% of the underlying sector, almost like a free margin of 2x your account). These are good to buy in descending trends in qualified only accounts, such as IRAs...where you can only buy or go long in these accounts.

Yep, I currently have QID and EEV in my portfolio. QID has a 200% inverse relationship with the Nasdaq. Everything was going well today until 2 o'clock or so rolled around and everything went downhill from there.

No matter, the recession isn't over yet, nor have we hit bottom.

What financial website do you write for?

O-cha · 01-24-2008, 01:15 PM

Artificial or not, up it goes.

01-23-2008, 02:04 AM	#47
sinnet112 Major 31 Rep 1,118 Posts Drives: 2009 E89 Z4 Join Date: Dec 2006 Location: NJ iTrader: (1) Garage List 2007 335i Coupe [0.00] 2007 328xi Sedan [0.00]	Learn to go short or go long on the Ultrashort ETFs __________________ Z4 sdrive30i \| Deep Sea Blue \| Ivory White Nappa Extended Leather \| ZSP
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01-23-2008, 03:21 AM	#49
mpimping Banned 863 Rep 336 Posts Drives: gti Join Date: Sep 2006 Location: ny,ny iTrader: (0)	mortgage rates down a 1/4 point...
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01-23-2008, 01:22 PM	#52
ironjw Major 34 Rep 1,416 Posts Drives: 2007 335i Join Date: Apr 2007 Location: 818 iTrader: (0) Garage List 2007 335i [0.00]	market is going down hill in the next 6 to 8 months...
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01-23-2008, 01:50 PM	#54
iatacs19 Major General 477 Rep 5,319 Posts Drives: 2016 SO M4 Join Date: Sep 2006 Location: Washington, DC iTrader: (8)	AAPL took a nice dump __________________ If only BMWCCA Referral: 385628
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01-23-2008, 04:35 PM	#55
Chunga Captain 37 Rep 903 Posts Drives: E90 black saphire 2008 Join Date: Nov 2007 Location: Denmark, sealand iTrader: (0)	Yes - its locked to doller. Thats why they will have their payment in Euro when they sell to Europa now. But the party was short. We got our items cheaper and cheaper from China but then they startet to increase prices. The dollor got to low. __________________
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01-23-2008, 04:49 PM	#56
cgnahc Major 86 Rep 1,263 Posts Drives: TiAg E90 ZSP Join Date: Dec 2006 Location: Westlake Village, CA iTrader: (9)	Well...Wed, Day Two. Weee Dogie... Market was hurting most of the morning then powered up higher 200+ pts. Looks like the funds, MBA crew crunched the numbers and gave the green light. Nice little 500 pt turn. check that, just above 600 pt range...bet there was some short squeeze in there. Wonder how the internationals faired? __________________ Need someone to install angle eye bulbs December 2018
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01-24-2008, 01:15 PM	#66
O-cha Brigadier General 230 Rep 4,726 Posts Drives: Mcoupe Join Date: Oct 2007 Location: In front of you iTrader: (2)	Artificial or not, up it goes. __________________
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