Ether_Snake
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Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
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FINALFANTASYDOG
Member
NotLove - Curious what's your capital? I'm playing with $120,000(which includes margin), stupidly got blindsided by Amazon, without a stop loss order today.. the misread support and lost some more. The pattern day-trader label is really a bummer in I can only make those $120,000 a trades a day and then It's sit out time till the next day.
Absolutely, there are much worse ways to lose money. Sorry for the judgmental tone of my post; I wish I had the stones for day trading since, no matter how small the chance, there is the potential of a much bigger return than I'll ever get!
Random question about the future of Roth IRAs...isn't there technically a chance that the rules will change and we'll be taxed on withdrawals from a Roth in the far future?
It honestly sounds like you have an addiction problem. And why the heck are you trading on margin? That seems completely foolish
I only use $30k at a time. I don't play big boards, I play OTC, so I don't need to use massive amounts of capital. Much faster gains, much higher risk. Once you learn to read Level 2 on OTC though and how to scan for news/momentum, it's a totally different ballgame. One of my friends that I trade with has been spanking me on trades lately... he made $18k last week and about $12k the week before. I'm up about $7k this week so I can't bitch too much.
My goal lately is to just go for 3x doubles a week using $3k.
Honestly though, and don't take this the wrong way, you're a noob so please,follow my advice of learning, doing fuckloads of research, and doing simulated trading. And don't come into the OTC unless you've been studying it for months because it is the Wild West and it is definitely much harder than big boards trading. If you do, only use $1k at a time. Trust me on this. And NEVER ever fucking trust people on InvestorsHub. Pumper or basher, they WILL do their best to trick you and completely mislead you into making a big mistake.
FINALFANTASYDOG
Member
Thanks For the advice NOLOVE, besides for OF stocks I'm not getting anywhere near OTC stocks.
I'm Mr.Make huge $ trades but do so with as little risk as possible and expect low returns here...
PieCake - I don't leave the computer screen when I have a margin trade open and I'm out at the very first sign of trouble if using more then 15k(my stop losses are probably too conservative)
I put in 15k in Amazon left work(night job) went to go home, didn't put in a stop loss as I was actually planning to take a long position.. misread the supports when I finally did get back in.
I'm Mr.Make huge $ trades but do so with as little risk as possible and expect low returns here...
PieCake - I don't leave the computer screen when I have a margin trade open and I'm out at the very first sign of trouble if using more then 15k(my stop losses are probably too conservative)
I put in 15k in Amazon left work(night job) went to go home, didn't put in a stop loss as I was actually planning to take a long position.. misread the supports when I finally did get back in.
FFDOG, watch ECOB tomorrow. I think you'll be very interested. I'll be putting another $5k in there in the AM after I watch how the gap-up does.
FINALFANTASYDOG
Member
Whoa that's insane, but also scary as can be, will be rooting for you, throw in a $25 your way(I've got way too many extra free trades)
How do you have balls to just place $3k down on something that quick-moving? At least with day-trading unless a world-changing event happens during the day, I know the most I'm going to lose is like .5% - 1% with my stop losses.
Happy my 2+% gains I got today from buying right at the start of the down market.
There are ways to limit losses, but it's a lot harder to do on a daytrade than it is longer term. It's called hedging, by the way.
The two ways commonly available to individual investors:
1.Paired trades, where you buy two negatively correlated assets. An example of this would be buying shares of an oil company, then buying shares in an airline. When oil prices rise, oil companies tend to follow along while airlines drop because of increased costs = lower margins. Caution however, this strategy doesn't protect anything in bear markets because when panic hits, people sell stocks indiscriminately and correlations become abnormally high.
My father loves doing this with ETF pairs that move in opposite directions. What he does is basically dollar-cost average his purchases on the losing end so that he has lots of shares at a low average price and use stops on the winning end so that his profits are protected when the market inevitably reverses then buy back in over time. Rinse and repeat on the other side. But since the ETFs partly offset each other, overall volatility remains pretty low.
2.Buying put options against your trades. You need to understand the basics of options to do that, but the basic idea is that you buy stock XYZ in multiples of 100 shares, then buy a cheap, out-of-the-money option that says gives you the right to sell your shares for a predefined amount at the expiration date.
Ex. You buy 100 shares of XYZ at $105 and buy a put for $2 with a strike price of $100. That means you won't break even on your trade until the price hits $107 (105 + the $2 you paid for the put), but it also means your loss is limited to $7, if the stock is below $100 at expiration, because whatever the price of the stock, you have a contract that says "hey, I'll buy this from you for $100 at date Y"
Ether_Snake
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How can you trade like this and be fine with 7%??
My 401k has had an average return of 9% a year since inception in 2006. It's the one I touch the least, only rebalance once or twice a year.
The more of your time it takes, the higher the return rate should be. You'll burn yourself seriously. And when/if you win big, it will only be to lose more later. You can't win that kind of game.
My 401k has had an average return of 9% a year since inception in 2006. It's the one I touch the least, only rebalance once or twice a year.
The more of your time it takes, the higher the return rate should be. You'll burn yourself seriously. And when/if you win big, it will only be to lose more later. You can't win that kind of game.
It's like crossing the street... gotta look both ways and make sure before you jump in. ECOB didn't perform well after the gap up so I didn't add anything else to flip and sold my position for a profit. Just gotta know the warning signs and know how to play the game.
soundahfekz
Member
I'm interested in getting in on facebook stock. I'm a newbie and I'd prefer to buy some shares first, and study up second. ( I know that's backwards but the money will start the obsessive kick of learning its just how I function). Where should I start to buy?
RumblingRosco
Member
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Ether_Snake
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Article saying Apple might want to buy Tesla http://www.istockanalyst.com/financ...nc-aapl-join-hands-with-tesla-motors-inc-tsla
Would be interesting. They would basically step ahead of Google on that front since Google will probably do nothing until they have self-driven car.
Would be interesting. They would basically step ahead of Google on that front since Google will probably do nothing until they have self-driven car.
Does that mean they'd force Apple software on to the cars?
Ether_Snake
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Force I don't know, how much must anything be integrated in the car itself to work? I think probably very little, other than reading the car's data and output it to the iPhone, but then why not output it to the car display itself? I don't see how it would make sense, even if Apple bought them.
I think this is more about big data. Cars = big data. It would probably be a partnership, Apple wouldn't want to own Tesla, just the data.
As I said in the other thread:
NoLove, what platform do you use for Level 2 quotes and news/technical scans? I used to use EquityFeed a couple years back but I've been out of the OTC game for a while and there's probably something better/cheaper now.
For the new guys, this cannot be reiterated enough: DO NOT TRUST INVESTORSHUB/YAHOO FINANCE BOARDS. Penny stock message boards possess the highest concentration of pure insanity and bullshit anywhere on the internet.
My grandmother passed away a few years ago, and left me some money in a Fidelity account to start investing with.
I was terrified to touch it, and didn't want to spend the money, so it's just been sitting there for two years.
Parents kept telling me to start investing, and I finally have the free time to do it, so after some confusing research, I finally bought my first few shares.
Problem #1: No amount of research is convincing me that I have even the slightest idea what I'm doing.
I keep researching the fuck out of the companies I want to invest in, I'm using the resources at Fidelity and Google finance, etc... But it seems like every analyst is saying something different, so I'm trying to come to my own conclusions about companies.
I still have no idea how to do that. Advice is ranging from 'don't listen to anyone' to 'only listen to these few professionals'.
Problem #2: This is scary.
People keep telling me 'sure things' -- mostly friends ranting about marijuana stocks that seem way overvauled -- and I really don't want to get into penny stocks.
The only experience I have with anything resembling daytrading was with bitcoins. I got insanely lucky despite not knowing what the hell I was doing, and managed to do a good job riding the waves for a while before cashing out. (Sold before the massive crash to the $50-70 range last year, bought again when it was low, sold again as it got close to 200, then my exchange went out of business when I cashed out for good. Pure fucking luck.)
This is, obviously, infinitely more complicated than BTC-e. I'm still a college student. I was far more comfortable playing with fake internet money.
Should I even bother investing? It seems like a lot of fun, but investing this money still seems massively irresponsible, even if that's why it was left to me. It feels like I just walked into a casino, put $5000 on the table, and asked the dude next to me how to play blackjack.
I'm told my commission is very good (8bux), but does that really matter when I have no idea what I'm doing?
I was terrified to touch it, and didn't want to spend the money, so it's just been sitting there for two years.
Parents kept telling me to start investing, and I finally have the free time to do it, so after some confusing research, I finally bought my first few shares.
Problem #1: No amount of research is convincing me that I have even the slightest idea what I'm doing.
I keep researching the fuck out of the companies I want to invest in, I'm using the resources at Fidelity and Google finance, etc... But it seems like every analyst is saying something different, so I'm trying to come to my own conclusions about companies.
I still have no idea how to do that. Advice is ranging from 'don't listen to anyone' to 'only listen to these few professionals'.
Problem #2: This is scary.
People keep telling me 'sure things' -- mostly friends ranting about marijuana stocks that seem way overvauled -- and I really don't want to get into penny stocks.
The only experience I have with anything resembling daytrading was with bitcoins. I got insanely lucky despite not knowing what the hell I was doing, and managed to do a good job riding the waves for a while before cashing out. (Sold before the massive crash to the $50-70 range last year, bought again when it was low, sold again as it got close to 200, then my exchange went out of business when I cashed out for good. Pure fucking luck.)
This is, obviously, infinitely more complicated than BTC-e. I'm still a college student. I was far more comfortable playing with fake internet money.
Should I even bother investing? It seems like a lot of fun, but investing this money still seems massively irresponsible, even if that's why it was left to me. It feels like I just walked into a casino, put $5000 on the table, and asked the dude next to me how to play blackjack.
I'm told my commission is very good (8bux), but does that really matter when I have no idea what I'm doing?
Don't invest in individual stocks. Invest in ETFs or Fidelity's funds.
Look for iShares ETFs on fidelity (use the search box). They are commission-free.
Also look at their Spartan funds which are also commission free.
Pick one that tracks the S&P500.
You missed out on a huge year already, I wouldn't just let that money sit any longer unless you're looking to spend it soon.
You could also do all of the above but put it in a Roth IRA (easy to start at Fidelity) and get your retirement savings going.
Look for iShares ETFs on fidelity (use the search box). They are commission-free.
Also look at their Spartan funds which are also commission free.
Pick one that tracks the S&P500.
You missed out on a huge year already, I wouldn't just let that money sit any longer unless you're looking to spend it soon.
You could also do all of the above but put it in a Roth IRA (easy to start at Fidelity) and get your retirement savings going.
http://www.neogaf.com/forum/showthread.php?t=749978&highlight=
Sounds like you would benefit from index investing. See the thread above for a lot of discussion and advice on it
Some firm is making a 700k bet that TSLA falls 75%...
http://finance.yahoo.com/news/giant-bet-tesla-fall-75-150752083.html
http://finance.yahoo.com/news/giant-bet-tesla-fall-75-150752083.html
percephone
Neo Member
Don't buy until the trend reverse itself. When the moving average starts going up on the weekly OHLC charts, you can buy.
Now that's just stupid.
percephone
Neo Member
TSLA is overbought but not that much..i shorted it but my target is at 190$ and i might cover before that.
edit: covered @ 195$, gotta go to work.
Ether_Snake
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Damnit I wanted it to tank:|
Ether_Snake
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Tesla will soon have half the market cap of Ford. That seems quite over valued to me. They basically have one car. But if I still had shares I guess I'd still keep them. If WhatsApp can be bought for 19B, then who knows what is correctly valued anymore.
Solar City earnings on monday.
Solar City earnings on monday.
Not sure why you trade these scam stocks, but congrats.
Whether it's a scam or not is irrelevant. I trade them because my friends and I make bank off flipping them. If you can read level 2 proficiently and learn the patterns/movements, you can make amazing money doing this.
I don't understand how you time these...you're putting in money into a stock that is a thousandth of a penny...these are total pump and dumps.
Once you play for months and months and months you start seeing the signs and figuring out the selling points, psychological momentum, etc etc. There's a lot to take into consideration. It's hard as fuck but once you get the timing down it's beautiful.
Oh and this one isn't a scam BTW, Microsoft PR'd it themselves: http://www.microsoft.com/en-us/news/press/2014/feb14/02-20hoponpr.aspx
Big NASDAQ money flowing in, and lots of dips so flipping it is beautiful. Buying $10k worth at 0014 and selling at 0018 is a lot of fun.
It's a scam dude, the stock shouldn't rise because HPNN licensed from MS, not the other way around. Of course MS is going to PR someone licensened from them.
You're thinking about it logically. Doesn't work like that. On the OTC, it's all about using any news as leverage. High-brow trading tactics don't work here.
LOL, it seems that way.
FINALFANTASYDOG
Member
Most likely a hedge, I've got a bunch of restricted stock units in the company I work for that don't mature for 2 years, I brought really low puts against them(so hey If I'm out of the job at least I'll have something....)
No Love, Just curious about you, what is your net realized gains from stock? What capital amount are you playing with/ Margins? Is this your full time-jobs?
If I had dipped into my max margin amount and added 15X to my short on Group-on today, I would have had almost that amount of money!
Net realized gains were over $135k in the last 6 months. Like I said, I only use small chunks in different stocks... I try not to take large positions and just flip for 50-100%. Yeah I do it full time. It's been a great experience thus far.
FINALFANTASYDOG
Member
No problem if you don't want to share the info, but $135k is off a capital amount of how much? Are you buying yourself ferraris or re-investing that money back in?
The thing they always say to warn people away from day-trading: What makes you think you can beat the big-boys with their phds and multi-millon dollar computer systems?
Ether_Snake
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Guys I'm trying to figure out: if the interest rates were to go down in Canada, what impact would it have on the dollar?
Or more specifically, if inflation does not hold and leads to deflation, what is the impact on the dollar too? A change it a penny could mean a lot of I transfer my cash to USD.
Thanks
Or more specifically, if inflation does not hold and leads to deflation, what is the impact on the dollar too? A change it a penny could mean a lot of I transfer my cash to USD.
Thanks
I started with $2k, made $7k, made $3k more, then added another $13k to get myself to day trader status. Went from there.
I'm not competing against them, I am competing on a smaller, faster paced market. I leave the big boards to the big boys for now.
All else being equal, a drop in interest rates will reduce demand for that country's currency. Let's say the prevailing interest rate in the US is 3% and in Canada it's also 3% (arbitrary numbers). If the Canadian interest rate falls to 2.5%, investing in US bonds, stocks, real estate, etc. becomes relatively more attractive due to the higher relative rate of return. Canadian investors who would have held onto CAD or foreign investors who would have needed CAD in order to buy Canadian investments will instead acquire USD in order to buy American investments, thereby lowering the value of CAD relative to USD.
Tl;DR: Interest rates fall in Canada, CAD goes down.
Hey NoLove, asked you this on the prior page but you probably missed it:
Sorry, my bad! I use EquityFeed. For Level 2 I use TD Ameritrade because it's free and I love Trade Architect's customizable modules. Want me to send you my Equityfeed referral link? lol
FINALFANTASYDOG
Member
Thanks, signed up for the free trial... I've been using Merill Edge because they give me 30 free trades a month/. but it's ridiculous, the two things that you can use are Stops and Limits, I want a platform that gives me moving stops! Just reluctant to move all my money out of this...
percephone
Neo Member
At what time did you two decided to do this full time?
I'm trying to see if i could too. For the past 3 months, i have traded swings and made a 12% return on a 50k starting capital. If i add this month, it'll be close to 20%.
I got injured last February and it's doubfull that i'll be able to go back to my old job so i'm looking to do something else than elevators construction or working at the family restaurant.
I'm trying to see if i could too. For the past 3 months, i have traded swings and made a 12% return on a 50k starting capital. If i add this month, it'll be close to 20%.
I got injured last February and it's doubfull that i'll be able to go back to my old job so i'm looking to do something else than elevators construction or working at the family restaurant.