The Stock Market

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

lorax you should read this book

http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393315290

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

― Muttley vs. Mumbly (CaptainLorax), Thursday, June 2, 2011 3:22 PM (31 minutes ago) Bookmark

<3

I believe in you Lorax but for Christ's sake save that $.

this money doesn't mean that much to me you guys

then try intrade or sports betting

this money doesn't mean that much to me you guys

― Muttley vs. Mumbly (CaptainLorax), Thursday, June 2, 2011 2:55 PM (36 seconds ago)

cool, I'll give you $400 for it

I placed a bet for a friend once whether Nacho Libre would have a better opening than Fast & Furious: Tokyo Drift, and it was pretty fun, and I'm willing to some extent to repeat this for an ILX stock bet throwdown, if y'all are interested -- there's a way to do it that no one ought to risk any money, and if I do it right, I'll come out marginally ahead in most cases.

the stock market is less risky than sports betting (imo)
and just looking at intrade and uhh this is interesting but way too weird for me to join

...

you might live w/ your parents right now but one day you won't (hopefully...) and then you will want to buy food and have to pay rent and when that day comes $750 will be very useful

That day won't come until I have a job. and when I have a job I'll have a salary

plus, I'm not gonna lose money in the stock market

you should use the money to take a class

invest... in yourself!

lorax, what do you hope your life looks like in ten years time

i think the really a+ securities traders have a clear sense of what they intend to be doing when they have made $x, $y

In ten years I'll probably have a wife and a job. If I have time/funds I'll try to make a graphic novel, children's book series or a screenplay.

may i ask, what is your educational/professional background? of course, everyone starts somewhere and financial institutions hire from many backgrounds

nonetheless, while an individual's success is hard to predict, areas of expertise are indicative of the way different traders behave

In ten years I'll probably have a wife and a job. If I have time/funds I'll try to make a graphic novel, children's book series or a screenplay.

I know this is probably all a joke, but in case it's not, I wouldn't feel right not responding to this. If you really have any interest at all in doing those things FFS do them now while you don't have a wife and a job and you're living rent free! Don't waste your time playing around with day trading.