The Stock Market

I'm about to start a minimal amount of day trading. I know that June is a terrible time to start. Once my electronic funds transfer goes through on monday I will start trading with real money for the very first time.

Anyone have real tips or suggestions?

I kind of wish I had a way of keeping up on stock press releases. I can easily find stock news with google but I just want all the good press for individual stocks right when they come out. Most websites will post news on just a few stocks that are getting tons of press.

long position on silver

i would wait a few weeks (or months) before trading stocks though, until the greece situation is sorted out

"Sell in May then go away" has supportive history but I have to try to use my 100 commission free trades I get for a month after my initial funds transfer. Anyways, the thing about day trading is that you get a better outlook than with long trading because intraday trading is more predictable - especially when there is good press.

So starting monday I will change my username to account for the measly $700 initial investment and then I will periodically change my user name so that people will see how well I am doing :)

intraday trading is more predictable

fuck no, just look at today's dow chart

i guess it's probably easier to predict the next 4 weeks than the next 4 hours

What kinds of stock do you want to trade? Have you studied/practiced daytrading? And by daytrading do you mean holding for minutes/maybe hours?

I actively trade penny stocks. You can do something with $700 with a little luck in pennies. I don't see how daytrading would really be feasible, esp once the commissions kick in.

yeah, but if you're on your toes you'll know that the dow is starting to tank. and if you're really good you can forsee that it will tank..... it's about being up on the news

My broker is only $3 commission once the fees kick in. I've done virtual trading. I am not going to be trading any specific kinds of stock

yeah 700$ for stocks isn't much, especially for intraday trading. options have a much higher volatility

* For stocks priced under $1.00, the online commission is $3 plus 1/2% of the principal value.
(I won't be trading penny stocks)

yeah, but if you're on your toes you'll know that the dow is starting to tank. and if you're really good you can forsee that it will tank..... it's about being up on the news

yeah but how do you explain that the dow has risen again after the release of the unemployment numbers?

yeah captain lorax its not quite as easy as you think.... looking at the news can be p unhelpful

just an example btw, but i would say that following the news isn't enough to predict the trend

xp what he said

don't listen to the trolls, Lorax. invest everything you have. pawn your possessions if necessary. you can do it. we're all counting on you.

lorax ive seen just as many times that bad news comes out + the dow shakes it off + goes up as vice versa

xpost lol

What's your most successful investment?

Well, this was a close call: In 2003 my friend Brian gave me $150 to invest for him, he told me to put it on a 'lotto' style pick. I bought 1,400,000 shares of QBID @ .0001 which was trading with liquidity at .035 the next week. Problem is, Brian decided he wanted to cash out the day after I bought the stock. So he got back his $150 - 2 commissions and forsook a profit of over $40,000 in a week, on a $140 investment. To this day the best run I've ever seen.

intraday trading is more predictable

fuck no, just look at today's dow chart

― groovemaaan,

Well, long trading has its advantages. I mean silver, gold, oil are always good.

If you want to make lots of money in 6 months to 1 year, then I highly suggest that you buy HDY right now.

Yesterday I predicted that Sprint stock would do well today. I was definitely right on that one; if I had my initial funds go through already I would have spent half of them on Sprint.

The stock market isn't 100% chance. If I was rich I would be able to make a decent yearly salary just by having my foot in the market. Our stock market isn't crashing anymore. Obama is one of the biggest corporatist presidents our country has ever seen. And it's no secret that lobbyists run our congress. Corporations get the biggest tax breaks of them all.

there was a point around 2001 when a bunch of the telecom stocks were in the dumper - trading at less than $1. I talked about buying shares of all of them, assuming that some would die off and the rest would rise. wish I'd done it, global crossing was trading at .50 cents at the time and now it's trading at $34.

Yesterday I predicted that Sprint stock would do well today. I was definitely right on that one;

it has risen 2% so you would've made a 14$ profit, congratulations

hey, please don't make fun of my initial investment. i have basically been unemployed for 3 years. i only have $750 to my name

then you shouldn't put it in the stock market

we'll see my prettys

the stock market is kind of like gambling tho, why not just go down to the casino?

http://cbreviewelite.com/wp-content/uploads/2011/05/Extreme-Day-Trading-300x181.jpg

I have an advantage on the stock market because of who I am

a short-sighted fool who makes regrettable decisions?

captainlorax if thats all you have make sure to use stop losses

The stock market isn't 100% chance. If I was rich I would be able to make a decent yearly salary just by having my foot in the market. Our stock market isn't crashing anymore. Obama is one of the biggest corporatist presidents our country has ever seen. And it's no secret that lobbyists run our congress. Corporations get the biggest tax breaks of them all.

how do you think any of this benefits someone w/ $750?

it doesn't. stop harshing my buzz.

if I do good on my own... maybe I can get some people willing to let me invest their money

have you considered applying for a job instead

Lorax were you the one who shorted the airline stocks on sep 10

I apply to jobs everyday (if I'm not depressed or irritable). Unemployment has been the leading cause of my depression over the past few years

xp no I wasn't. but the group that shorted the airline stocks are among an outlier that is incredibly significant

stock market tip: loiter by a stock exchange looking poor and if you are lucky, two rich old dudes with elevate you to wealth in an elaborate wager

stock market tip: don't spend your last few hundred dollars on the stock market

are stock options the same as put options?

"If you want to make lots of money in 6 months to 1 year, then I highly suggest that you buy HDY right now."

care to make this... interesting?

are you just trolling us at this point?

options are calls (long) and puts (short)

xpp, sure Philip. Buy HDY. And if your profits don't increase over 10% then you win. Otherwise I win

his profits

I think I once saw a stat on day-trading that 90% of them lose money, 8% break even, 2% make money.

10% over one year is pretty good if risk is small, but why not shoot for moon?
e.g.
if HDY doubles within one year, winner pays ILX's server costs for that year, otherwise loser does.

lorax, as much as i want you to go into day trading with your last $700 for my own amusement, please dont

it's already down to $700???? damn

Buy two shares of AAPL.

my parents pay for my food and lodging in iirc