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Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
ManDudeChild
Member
Sanky Panky said:
Just had a couple more questions. Is it also very unlikely to turn $500 into over a hundred thousand using these trading programs? The problem I find I am having is that I can't seem to get a solid piece of information that shows this will not work. But it has never seemed logical that by simply learning how to use these trading apps without any prior experience or knowledge one can get rich. Anyway, I am of course aware I am correct on this basis, but lack the technical side.
Scarecrow
Member
Noobie question: Is there a life to date type of chart I can find on stocks that gives me ziggity zag graphs for years at a time with the ability to zoom in for more detail time-wise? Like, can I get a multi-year graph for, say, Microsoft stock, and see how they do by month/day/etc?
Ether_Snake
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Scarecrow said:
Google Finance, or Yahoo Finance, etc..
tarius1210 said:
Yeah looking at where they stand in relation to their all-time high, -25%, could be a good buy. But if I look at their last high, it's a 14% drop. I usually want 20% drop from previous high before buying.
Can't buy anything though, gotta keep selling to have my cashdown:|
RumblingRosco
Member
tarius1210 said:
I reinvest with my mutual funds, everything else I keep as cash and buy new stocks (or, occasionally, buy more into an existing stock). Since there is a relative safety in mutual funds, I am comfortable with letting the money invest itself. This arrangement has worked out well for me so far.
EDIT: Whoa, koam is posting? It must be celebrity-Jeopardy day in Stock-AGE!
EDIT 2: I'm in the process of buying a house right now, but once that clears and I start pulling in my big bucks (lol) from my grad school fellowship stipend, I am going to be purchasing some BUSE. Nothing is as attractive to me as a bank stock with a modest dividend that is off of its low, but well below its "average" high.
Sanky Panky
Banned
ManDudeChild said:
Three things:
1) You have to really understand what trading rules the programs use, first of all. In trading, past results are ABSOLUTELY NO indication of future performance unless the rules stand the test of time (more than 10 years of results is preferred). The back-testing might show a profit under some circumstances, which long-term (your $500 into hundreds of thousands) may not work.
2) Automatic programs have the benefit of taking out emotions out of trading, which trust me, is the number one issue why people blow up and lose money. The system can be the best system in the world, but the trader's personal issues can hamper his decision making. Fear, anger, excitement, joy... every human emotion possible, is taken out with the use of a mechanical system.
3) Aside from a good system and lack of emotion, make sure you understand the risk management used in the system. Is there as set loss amount per trade? what percent of your account is that loss? When you do lose, do you lose big compared to how much you win? what percentage of trades are winners? You can win 7 times out of 10, but the 3 loses can wipe out anything you made. If you are risking 10% of your account per trade, 5 loosing trades in a row (remember anything can happen in the markets) will already wipe out half of your account. The system should mention how many bad trades in a row it experienced in back-testing.
A trading system can be very simple, and I would suggest developing your own (unless you can independently back-test the rules of these systems). If you want a good book, and like the mechanical approach to trading read Trend Following by Michael Covel.
RumblingRosco
Member
Roofy said:what is everyone using to do their trading? I'm looking for a good service.
please list the pro's and con's of your suggestion
I used to trade through Raymond James, but realized that they were demolishing me with transaction costs. I paid minimum $40 and upwards of $150 on some trades. I still have some stocks with them, but will be purchasing absolutely nothing else from them. They were very quick and overall I liked them, but again, too expensive for no reason.
I now use Vanguard. Using them gives you commission-free trading of their ETFs, which is a nice perk. In addition, your first 25 trades each year are only $7 each, 26 and beyond is $20 a trade. That's if you have less than $50,000 with them. Once you have over $50,000 in their accounts, you pay just $7 for all trades. The rate decreases from there at the $500,000 and $1,000,000 ranges.
Overall, they work pretty quickly as far as getting a trade to process. I'm not a day trader, though, so perhaps my opinion is skewed. When you begin to trade stocks with them, you put your money into one of their Money Market Funds as an intermediate from your personal bank account and the stock you want to purchase. It can take 5-10 days before that money is "cleared" to be used to purchase a stock, which can be frustrating I suspect for people wanting to make a quick purchase... but that's not who I am, so it doesn't bother me.
All in all, I'd say Vanguard is exactly what I need, but it might not be right for everyone. Worth a look though.
RumblingRosco
Member
You know, I don't even care if COOL is going to pop some day, it's high on all sorts of crack/cocaine/meth/LSD right now. I'm just going along for the ride.
Also, to go along with my previous post, one reason I really like Vanguard is that it has no minimum trades per year. Etrade, last I looked, requires you to trade a certain amount or you're penalized, iirc. That's lame.
Also, to go along with my previous post, one reason I really like Vanguard is that it has no minimum trades per year. Etrade, last I looked, requires you to trade a certain amount or you're penalized, iirc. That's lame.
Intel seems to be another tech giant priced like it'll never ever again grow earnings. A ~.8 PEG, ~9 forward PE with a 3.6% dividend and enough cash to pay off every liability on their balance sheet? I know Apple, Google, NetFlix and such are the new hotness, but this is getting ridiculous. INTC, CSCO and MSFT all seem like regulated utilities or companies on the verge of bankruptcy. It makes no sense. Not that I really care for now - my dividends are reinvesting nicely at least!
Ether_Snake
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I was looking at Cisco just a few minutes ago. No growth there over the long term. Was thinking of buying some in the Inestopedia game but I only have $1600 left I have money left in my CAD account but I don't know what to buy.
In real life, I have just decided against buying a condo. I'd love a nice condo with exposed concrete walls, wooden ceiling, all that good stuff, but it's just not a sound purchase for me at the moment. I am a single guy, I don't make 100K a year, so it's a luxury I cannot afford. I'm not interested in low-end condos either.
So I'm thinking of saving more money and buying a Duplex instead in maybe a year. I think people will be looking for this in the future, people will want a backyard and the possibility to play with the kids without having to ride a fucking elevator to go out, build a snowman in the backyard, swim in their pool, etc. Only thing I don't like the idea of is buying such a house in urban Montreal, it would probably be more affordable outside the city, and nicer and bigger. But I don't want to live outside Montreal. Unless I end up making the big bucks eventually then I can just buy my luxury condo on the top floor of a condo complex
But what does this mean for my investments? I am pulling back on investing more money in stocks for the year. I'll invest maybe a 20% of my savings in stocks, no more, and put the rest away for a bigger down payment. I think home prices will stabilize or fall, so I should be able to use this down payment for a better purchase a year from now.
Any idea what to invest in that would be safe to just keep money aside? CIGs have really low interest rates:| 1 year = 1.75%.
I have money left in my CAD account but I don't know what to buy.In real life, I have just decided against buying a condo. I'd love a nice condo with exposed concrete walls, wooden ceiling, all that good stuff, but it's just not a sound purchase for me at the moment. I am a single guy, I don't make 100K a year, so it's a luxury I cannot afford. I'm not interested in low-end condos either.
So I'm thinking of saving more money and buying a Duplex instead in maybe a year. I think people will be looking for this in the future, people will want a backyard and the possibility to play with the kids without having to ride a fucking elevator to go out, build a snowman in the backyard, swim in their pool, etc. Only thing I don't like the idea of is buying such a house in urban Montreal, it would probably be more affordable outside the city, and nicer and bigger. But I don't want to live outside Montreal. Unless I end up making the big bucks eventually then I can just buy my luxury condo on the top floor of a condo complex
But what does this mean for my investments? I am pulling back on investing more money in stocks for the year. I'll invest maybe a 20% of my savings in stocks, no more, and put the rest away for a bigger down payment. I think home prices will stabilize or fall, so I should be able to use this down payment for a better purchase a year from now.
Any idea what to invest in that would be safe to just keep money aside? CIGs have really low interest rates:| 1 year = 1.75%.
Ether_Snake said:I was looking at Cisco just a few minutes ago. No growth there over the long term. Was thinking of buying some in the Inestopedia game but I only have $1600 left
In real life, I have just decided against buying a condo. I'd love a nice condo with exposed concrete walls, wooden ceiling, all that good stuff, but it's just not a sound purchase for me at the moment. I am a single guy, I don't make 100K a year, so it's a luxury I cannot afford. I'm not interested in low-end condos either.
So I'm thinking of saving more money and buying a Duplex instead in maybe a year. I think people will be looking for this in the future, people will want a backyard and the possibility to play with the kids without having to ride a fucking elevator to go out, build a snowman in the backyard, swim in their pool, etc. Only thing I don't like the idea of is buying such a house in urban Montreal, it would probably be more affordable outside the city, and nicer and bigger. But I don't want to live outside Montreal. Unless I end up making the big bucks eventually then I can just buy my luxury condo on the top floor of a condo complex
But what does this mean for my investments? I am pulling back on investing more money in stocks for the year. I'll invest maybe a 20% of my savings in stocks, no more, and put the rest away for a bigger down payment. I think home prices will stabilize or fall, so I should be able to use this down payment for a better purchase a year from now.
Any idea what to invest in that would be safe to just keep money aside? CIGs have really low interest rates:| 1 year = 1.75%.
House prices have been falling here in Edmonton these last couple quarters and I know that doesn't really say a whole lot for you in Toronto/Montreal, but it may be a sign as the housing market has been pretty ridiculous over here for the last few years.
btw how old are you?
How risky is all of this, seasoned traders? I'm saving up for a home, but in the meantime (2+ years) I don't want my money to rot in my checking account.. so I'm investing as much as I can (about half a month's pay into a new stock every month) until I'm ready to use it. So far the market has been extremely good, up a weighted 22% with 8 stocks in my portfolio. I've felt some stings already (bought ATVI literally 3 days before Guitar Hero was killed, bought Aflac a week before the earthquake).. but overall positive.
Ether_Snake
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dudeworld said:
I'm 28.
ferr said:
Probably risky. Chances are you would have invested in anything and would have gotten similar results. People often get the impression they made good investments when in fact the markets rose as a whole.
Well I'm fine with that. In fact I invest in an S&P index to follow the growing market. My situation is that I invest in nothing at no risk, or invest in anything at [x] risk.. I would rather have my cash follow the market's growth than rot in my checking account, however I have little experience with a bad market. It would suck to be -25% in 3 years from some random bubble or recession.Ether_Snake said:
Sold all my shares in SSN today at $4. Paid $1.40 back in September.
I'm pretty happy with how it turned out as my second stock ever. Too bad I didn't buy it at $1.10 in December.
Mostly I'm happy because I made enough to cover my rent over the summer, so now I don't have to get a crappy minimum wage job somewhere.
I'm pretty happy with how it turned out as my second stock ever. Too bad I didn't buy it at $1.10 in December.
Mostly I'm happy because I made enough to cover my rent over the summer, so now I don't have to get a crappy minimum wage job somewhere.
I got rid of GOOG today . I didn't want to, I have some emotional investments in the stock, but I haven't broke even with it yet, and this is a month long game, not a long haul investment.
Still, I think I am getting the hang of this, heck I was even in first place for a day or two. If all goes well, after today, I'm back up in first place no problem.
. I didn't want to, I have some emotional investments in the stock, but I haven't broke even with it yet, and this is a month long game, not a long haul investment.Still, I think I am getting the hang of this, heck I was even in first place for a day or two. If all goes well, after today, I'm back up in first place no problem.
ferr said:
You could always go for a rewards checking account if you want some decent interest and zero risk.
I'm with a local bank that pays out 3% if you meet minimum requirements (direct deposit, 12 debit card purchases, and one online bill pay). You can get higher other places, but I wanted to deal with someone local.
http://www.depositaccounts.com/checking/reward-checking-accounts.html
dave is ok
aztek is ok
I'm joining the Investopedia game, even though I've never touched a stock in my life. Wish me luck
dave is ok said:
For some quick easy tips - remember this is a short game, not a long term investment, don't worry about investing in the slow and steady companies. Go for things you know always making ridiculous amounts of money - ie, Pharma/Oil companies in my case. Pharma treating me SUPER well.
Also, when you buy a stock, check to see what people are saying about it, and check it's history - if it looks like it's probably going to increase in the next little while, great grab, if it looks like it's peaking and about to drop, maybe avoid it.
edit: Also, I haven't touched stocks before this game, so take all my advice with a large grain of salt.
RumblingRosco
Member
Hazaro said:
COOL is a very volatile stock, but for some reason has been volatile in the green as of late. I'm not complaining about that, but I expect to see some 10-20% drops in any given day over the next month or two. Honestly though, Zumba is still selling relatively insanely high for a Majesco title, meaning their next quarter's earnings will demolish the same quarter from last year. The trick is deciding if that has already been calculated into the price or not.
Ether_Snake
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Kinitari said:I got rid of GOOG today
Still, I think I am getting the hang of this, heck I was even in first place for a day or two. If all goes well, after today, I'm back up in first place no problem.
Isn't the game ending in a few months?
dave is ok
aztek is ok
I bought DMND when I meant to short it. Whoops
It was only 100 shares though, no big.
It was only 100 shares though, no big.
Hasphat'sAnts
Member
Kinitari said:
Feel like a disclaimer is needed. It'll work for a game, but it's not smart investment strategy.
Ether_Snake
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Ether_Snake said:
Quoting myself. Any ideas? I'm doing this because I don't want to sacrifice my downpayment in the stock market, I want to keep that money with 100% certainty until I need it. I'll invest maybe 20% of my savings in stocks, and my RRSP contributions remain unchanged.
rabhw said:I'm actually in a similar situation and have been refreshing this thread looking for some ideas.
I guess medium to low risk with as good a return as possible, if there is such a thing?
I'm quite new to stocks so any suggestions are welcome.
You don't want stocks, you want high grade corporate bonds or your governments debt, maturing at your time horizon.
If you have to be in equities, buy MSFT. The under-performing risk-free investment.
Ether_Snake
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Gallbaro said:
But I'll be saving for one year or so. So the rates are pretty low.
BTW should we make a separate trade for the investopedia game? It can be confusing for some.
And look at that, I'm #4. But damnit you guys ahead have 4.8% to 8% returns! Gonna difficult to reach #3.
edit: separate thread lol. Maybe for the next game
Ether_Snake
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Fucking Monsanto. Down 4.5% today.
edit: BTW, I'm thinking of maybe selling TTWO. I don't know if I can risk waiting for a buyout, it might simply not happen in this economic situation. At least I got a nice 52% profit
edit: BTW, I'm thinking of maybe selling TTWO. I don't know if I can risk waiting for a buyout, it might simply not happen in this economic situation. At least I got a nice 52% profit
Ether_Snake
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Sold TTWO at 15.81. 52% profit. Can't wait for them to be bought out without risking losing more, so I sold.
Ether_Snake
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Bought Expedia in the investopedia game some time ago, rose 10% today after they announced they would split TripAdvisor into a separate company. Sold, since it reached my target price.
Ether_Snake
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Wow Dudeworld, nice comeback!
And I'm now #1 on the Canadian ranking
And I'm now #1 on the Canadian ranking
MaximumCarnage
Member
Meeru said:
I do. Does anyone here buy and sell options?
I've been in the stock market since November 2010 and am finally getting the hang of it. I started trading options a few months back.
dudeworld said:
I haven't really put effort into the Canadian side of the game, I should... especially considering I am Canadian.
But damn, I am doing way too good on the USD side, I am going to fall, and fall hard.
Still, 1st place for now! (I didn't realize this was going to run till July!)
Ether_Snake
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What do you think about Exxon guys? I'm up 15% on them but the thing is since they are almost back up to their all time high, and since oil prices are as well, I feel that it's not going to go much higher than its previous high.
Anyone feels like me that higher oil prices will hit the economy in the sack and cause it fall again?
Anyone feels like me that higher oil prices will hit the economy in the sack and cause it fall again?
Lol...what makes you think oil price are gonna go down? From what you wrote, it sounds like you think prices will decrease because we're approaching where it peaked in the summer of '08.Ether_Snake said:
Oil prices will continue to rise. Major economies are growing again, there's unrest in the Middle East, and were appoaching summer which means more cars on the road. HOLD Exxon.