Stock-Age: Stocks, Options and Dividends oh my!

Ether_Snake said:
So tempted to add to SSYS and DDD, but I will wait another two weeks.

TSLA and SCTY are starting to fall, hopefully it continues (for me, so I can eventually get in at a good price).
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Fudgesicles, If I would have held my short in Tsla I'd be up 11,000 instead of down $26k..... Just goes to show hasty people shouldn't day-trade.

Back to topic: I had a ton of fun day-trading(except for the last day, that pretty much ruined my year...) and would like to take paper revenge on the market. All the fantasy day - trading sites I've found are garbage though, does anyone know of any that are any good - even pay sites etc?

Thanks!
 
NoLoveForFailWheelDrive said:
MRIB making its way up big time... I had this at 1.2c. Looking real good.
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yeah, I almost got in at around 1c too, but didn't have the funds and decided to hold onto my other stuff :/
I've got the funds now, but I won't be chasing after it.


and damn what rollercoaster it's been for those holding PLUG (not me) , and the day is not even over yet.

yikes at FNMA as well
 
carlos said:
yeah, I almost got in at around 1c too, but didn't have the funds and decided to hold onto my other stuff :/
I've got the funds now, but I won't be chasing after it.


and damn what rollercoaster it's been for those holding PLUG (not me) , and the day is not even over yet.

yikes at FNMA as well
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Yeah I wouldn't chase now unless you're down to flip for 30-50%.

A friend of mine is up over $150k right now on MRIB... he bought a ton in the 1c range.

As for FNMA... wait for the dip to end, it should bounce back soon.
 
NoLoveForFailWheelDrive said:
Yeah I wouldn't chase now unless you're down to flip for 30-50%.

A friend of mine is up over $150k right now on MRIB... he bought a ton in the 1c range.

As for FNMA... wait for the dip to end, it should bounce back soon.
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I'm so curious what type of lives you guys live, some of these bets seems so un-risky (what's a few pennies!) with huge pay-offs, do you spread out your earnings in small amounts to get these big wins?

When you are talking about people making $150k off a single trade with $30K a week in profits..

Is there a group of folks out there with mansions built solely off of being masters of penny-stocks?


Random other point

We have reviewed the security NEXOF and have confirmed there are no dividends scheduled to be paid at this time
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This is for Nexon

What the bloody? Pink sheets for Foreign stocks don't pay out dividends? Why would anyone in their right mind(which I've already proven not too be) buy a OTC for foreign dividend stocks then? I've owned it since early Nov. 12

February 20, 2014
Name of Company:
NEXON Co., Ltd.
Representative:
Seungwoo Choi, President and Representative Director

Notice of Dividend Payment
NEXON Co., Ltd. (“Nexon”) announced today that its Board of Directors has approved the payment of dividends to the shareholders as of the record date of December 31, 2013. Details are as follows:

1. Details of dividends
Amount resolved
Recent dividend forecast (Announced on February 13, 2014)
Results for the previous fiscal year (Fiscal year ended December 31, 2012)
Record date
December 31, 2013
Same as left
December 31, 2012
Dividend per share
5.00 JPY
Same as left
5.00 JPY
Total dividend payment
2,196 million JPY
 
If you're willing to share, I ask what percentage returns do you folks see in your portfolios annually? General opinion says you'll see on average 10%, but that honestly seems too low. Last year I saw 20% and I felt like I didn't take advantage of numerous opportunities.
 
JustHadToJoin said:
If you're willing to share, I ask what percentage returns do you folks see in your portfolios annually? General opinion says you'll see on average 10%, but that honestly seems too low. Last year I saw 20% and I felt like I didn't take advantage of numerous opportunities.
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Congrats, you didn't beat the market.

Last year was a huge bull year, Dow Jones And S&P were up 28%~ Nasdaq was up 40%. The average number given out is 12% returns per year, which if you look at 10 year performance of all the NASDAQ, that's right on the dot (other indexes were bagged down by the 2009 mortgage crisis... and don't have those 10 year returns)
 
FINALFANTASYDOG said:
Congrats, you didn't beat the market.

Last year was a huge bull year, Dow Jones And S&P were up 28%~ Nasdaq was up 40%. The average number given out is 12% returns per year, which if you look at 10 year performance of all the NASDAQ, that's right on the dot (other indexes were bagged down by the 2009 mortgage crisis... and don't have those 10 year returns)
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I thought it was more like 8%. The things you post blow my mind. Down 26K? WTH are you doing?
 
alejob said:
I thought it was more like 8%. The things you post blow my mind. Down 26K? WTH are you doing?
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Copying and pasting.

12% Where Does It Come From?

The S&P 500 gauges the performance of the stocks of the 500 largest, most stable companies in the Stock Exchange. It is often considered the most accurate measure of the stock market as a whole. The current average annual return from 1926, the year of the S&P’s inception, through 2011 is 11.69%. That’s a long look back, and most people aren’t interested in what happened in the market 80 years ago.

So let’s look at some numbers that are closer to home. From 1992–2011, the S&P’s average is 9.07%. From 1987–2011, it’s 10.05%. In 2009, the market’s annual return was 26.46%. In 2010, it was 8%. In 2011, it was -1.12%.

So you can see, 12% is not a magic number. But based on the history of the market, it’s a reasonable expectation for your long-term investments. It’s simply a part of the conversation about investing.
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Doesn't want Newlove post blow your mind more? That guy makes 30K+ in less then 5 days, making that much is a lot harder then losing it.(And I believe him)


Alejob -> That 26K was in 8 hours = don't day-trade on 3 hours of sleep on an already emotional day. lesson has been learned quickly.
 
FINALFANTASYDOG said:
I'm so curious what type of lives you guys live, some of these bets seems so un-risky (what's a few pennies!) with huge pay-offs, do you spread out your earnings in small amounts to get these big wins?

When you are talking about people making $150k off a single trade with $30K a week in profits..

Is there a group of folks out there with mansions built solely off of being masters of penny-stocks?
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Just a young, nerdy, kinda normal guy I guess. And no I don't have a mansion lol. I keep my monthly expenses very low. I have roughly $2k/month in expenses. Maybe later this year I'll increase that. I'm really just aiming to buy a house in the next year or two... and houses in LA/OC/SD aren't cheap. :\

Yeah, my friends and I mostly put $2-5k in our plays, sometimes $10k if it's a really worthwhile one. My friend who is winning big on MRIB put like $70-80k into it (but he's got over $300k to play with, and should make around $200k in profit in under a month on MRIB). It just depends on what kind of play it is and the viability. I put $1800 in ITCJ today for example. I'm sure it'll be at least a double, if not a triple or more.

And yes, there are some people out there who make millions off penny stocks. My friends and I are aiming to be among them.
 
JustHadToJoin said:
If you're willing to share, I ask what percentage returns do you folks see in your portfolios annually? General opinion says you'll see on average 10%, but that honestly seems too low. Last year I saw 20% and I felt like I didn't take advantage of numerous opportunities.
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My RRSP (401k-equivalent) returned 20% last year. Didn't do anything fancy, and it's not surprising since the DOW went up 30%. On average I make 8%-9% a year. Been trading since 2007.
 
Ether_Snake said:
. On average I make 8%-9% a year. Been trading since 2007.
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This strikes me as someone with extreme extreme patience and discipline they could make this much in a day with almost .5% risk.

Twitter t slowly slid down -4%, groupon slid down 10% (starting off already at a -10%) the day after earnings. Both without a spike that would have even taken out a rolling stop (more then 1% percent rolling stop).

Telsa went from 240 - 257 (6% gain) during the trading day on feb.27th in 3 hours without a single dip that would have even taken out even a .5% moving stops.

Without selling short, if you would have just ridden Amazon back and forth from 369 - 371 this week you would have had a 4% gain
 
FINALFANTASYDOG said:
This strikes me as someone with extreme extreme patience and discipline they could make this much in a day with almost .5% risk.

Twitter t slowly slid down -4%, groupon slid down 10% (starting off already at a -10%) the day after earnings. Both without a spike that would have even taken out a rolling stop (more then 1% percent rolling stop).

Telsa went from 240 - 257 (6% gain) during the trading day on feb.27th in 3 hours without a single dip that would have even taken out even a .5% moving stops.

Without selling short, if you would have just ridden Amazon back and forth from 369 - 371 this week you would have had a 4% gain
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The problem is with picking the winners. Anyone can point to some stocks that did well and think, 'man, I wish I invested in them!' Whats hard is to actually pick the ones that do well, and buy and sell it and the right time.

It takes either a great deal of time researching stocks, luck, and a great deal of risk. If your goal is to live quite comfortably in your retirement you do not have to do any of that. Simply investing in index funds and forgetting about them (basically) Will likely get you there. So it really isnt about extreme patience. Its just accepting that you don't need to care about the investment because you are investing for the LONG term.

The only reason to invest take those risks and chances if if you like doing it or you want to be a millionaire well before you retire.
 
If you're willing to share, I ask what percentage returns do you folks see in your portfolios annually? General opinion says you'll see on average 10%, but that honestly seems too low. Last year I saw 20% and I felt like I didn't take advantage of numerous opportunities.
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It depends. Last year I was up 10.62% in my current 401k where I only do index funds. In my IRA where I do a lot of individual stock trading, it was only 5.08%.

Pretty crappy considering what the S&P500 index did (almost 30% gain). Makes me want to stop playing stocks even though it's so fun lol
 
Piecake said:
The problem is with picking the winners. Anyone can point to some stocks that did well and think, 'man, I wish I invested in them!' Whats hard is to actually pick the ones that do well, and buy and sell it and the right time.

It takes either a great deal of time researching stocks, luck, and a great deal of risk. If your goal is to live quite comfortably in your retirement you do not have to do any of that. Simply investing in index funds and forgetting about them (basically) Will likely get you there. So it really isnt about extreme patience. Its just accepting that you don't need to care about the investment because you are investing for the LONG term.

The only reason to invest take those risks and chances if if you like doing it or you want to be a millionaire well before you retire.
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Piecake - let's do Day trading anonymous here.

The thing that draws me towards day-trading is twofold 1. how is flipping a stock back and forth in day-trading - that you would be willing to hold long anyway - less risky then holding it long without flipping? The only thing I can imagine is you might miss out on a big rally...

I know I don't have creditability because of how much I lost.

But all my gains during the time I did day trading were by buying Pandora in dips, and then selling it on highs during the day, if I had only done that - not tried to dabble in shorting rallies of momentum stocks on margin - then my portfolio would stand at +14% ~ for Jan / Feb.

2. It seems like on huge huge sell-off days if you just keep trying shorts with Extremely tight stops(then try again with another extremely tight stop) your rewards can far outweigh the risks. I did this back on groupon and played around with it on Pandora today and it worked well (I canceled my margin account and only allow myself to spend $3000 in day trading now, so it wasn't much in profits though...)

I have 100 free trades per month in my account, so fees aren't a problem.

On the other hand I'm sure if there were patterns like this, the multi - billion dollar firms would have them down pat.
 
NoLoveForFailWheelDrive said:
MRIB making its way up big time... I had this at 1.2c. Looking real good.
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How do you know what to pick? Finding effective news on penny-stocks... I mean... It just seems so random. Also, how is there enough liquidity to dump these things off? Is there any resource out there that I could read to learn about this stuff? I have been trading options with moderate success - I'm a big fan of Jeff Augen.
 
FINALFANTASYDOG said:
Piecake - let's do Day trading anonymous here.

The thing that draws me towards day-trading is twofold 1. how is flipping a stock back and forth in day-trading - that you would be willing to hold long anyway - less risky then holding it long without flipping? The only thing I can imagine is you might miss out on a big rally...

I know I don't have creditability because of how much I lost.

But all my gains during the time I did day trading were by buying Pandora in dips, and then selling it on highs during the day, if I had only done that - not tried to dabble in shorting rallies of momentum stocks on margin - then my portfolio would stand at +14% ~ for Jan / Feb.

2. It seems like on huge huge sell-off days if you just keep trying shorts with Extremely tight stops(then try again with another extremely tight stop) your rewards can far outweigh the risks. I did this back on groupon and played around with it on Pandora today and it worked well (I canceled my margin account and only allow myself to spend $3000 in day trading now, so it wasn't much in profits though...)

I have 100 free trades per month in my account, so fees aren't a problem.

On the other hand I'm sure if there were patterns like this, the multi - billion dollar firms would have them down pat.
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The stocks you are flipping are more risky and more volatile than a stock you might likely invest for the long term because if it was not volatile you would not be day trading it.

Personally, I am not a fan of investing in individual stocks, period. Investing in an index fund, like the Total US Stock market, is far less risky in the long term over an individual stock because the index fund will definitely go up while the stock might not.
 
Buzzati said:
How do you know what to pick? Finding effective news on penny-stocks... I mean... It just seems so random. Also, how is there enough liquidity to dump these things off? Is there any resource out there that I could read to learn about this stuff? I have been trading options with moderate success - I'm a big fan of Jeff Augen.
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Honestly? I work with a group of friends and we do this all day. It's our jobs. And we make serious cash doing it. It isn't random if you have the right tools and a bunch of people working together to find what's hot and what's not. :)

A resource? Hmm... the best resource would be people that are very familiar with it. You need mentors, essentially. Trustable ones. It's a market swimming with sharks, that's for sure. Some sharks are friendly, some sharks are out for blood.
 
NoLoveForFailWheelDrive said:
Honestly? I work with a group of friends and we do this all day. It's our jobs. And we make serious cash doing it. It isn't random if you have the right tools and a bunch of people working together to find what's hot and what's not. :)

A resource? Hmm... the best resource would be people that are very familiar with it. You need mentors, essentially. Trustable ones. It's a market swimming with sharks, that's for sure. Some sharks are friendly, some sharks are out for blood.
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Damn. I don't know a single person who is familiar with this sorta thing. I just get what I can out of books. Blogs are just ricochets of noise to me - and I can't parse out the signal from the noise.


So, the search continues, I guess.
 
Buzzati said:
Damn. I don't know a single person who is familiar with this sorta thing. I just get what I can out of books. Blogs are just ricochets of noise to me - and I can't parse out the signal from the noise.


So, the search continues, I guess.
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You can PM me if you want and ask me any questions and I'll answer them for you. Or even post them here publicly and I'll do the best I can.
 
NoLoveForFailWheelDrive said:
You can PM me if you want and ask me any questions and I'll answer them for you. Or even post them here publicly and I'll do the best I can.
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NoLove - at the level of penny stocks, how much is Pump-dumping part of your strategy? Do you admittedly buy, then preading of just enough info to still be legally sound and then sell on the rise?

It seems to me like that is the best workable strategy for long-term gains in penny stocks, especially if you've got a network of people working with you
 
FINALFANTASYDOG said:
NoLove - at the level of penny stocks, how much is Pump-dumping part of your strategy? Do you admittedly buy, then preading of just enough info to still be legally sound and then sell on the rise?

It seems to me like that is the best workable strategy for long-term gains in penny stocks, especially if you've got a network of people working with you
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Pump and dump isn't my style and it's very easy to get burned trying to do it. I actually focus more on stocks that are organically running via momentum, or that have a catalyst to draw volume. Many pump and dumpers will just destroy the bid by frontloading and then dumping into volume... I find it much easier/safer to sell on the ask (in small chunks) into volume as the stock runs organically.

However, pump and dumpers can also aid in taking a stock that needs to move organically up and starting the fire. It's always amusing seeing them sell way too early into a run and leave a lot of profit on the table. :)

My group has a reputation for being in viable plays that are not pump and dumps. We've garnered a lot of praise and goodwill because we don't just dump on people or frontload and then trick them. Other people are interested in what we're playing because we're usually ahead of the curve on what's going to run, if it has potential, etc. sometimes we're too ahead of the curve (by a couple weeks) and we have missed out on a few huge runners that way... AEGY, ORFG, DEWM and a few others are what I recall missing out on 10-20x profit on in the last couple of months.
 
NoLoveForFailWheelDrive said:
You can PM me if you want and ask me any questions and I'll answer them for you. Or even post them here publicly and I'll do the best I can.
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Any material you'd recommend reading/using? I've been doing some trading, and I'm always looking out for stuff others find to be helpful. I've been dealing with shorts and penny stocks if that makes a difference. I've never been a long term investor unfortunately. I'm so impatient and I'm sure I'd drop out of a trend way before the big payoff :p
 
Piecake said:
The stocks you are flipping are more risky and more volatile than a stock you might likely invest for the long term because if it was not volatile you would not be day trading it.
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Maybe it's because it's a good day, good example here:

Amazon(hold 40 shares in my long portfolio) popped this morning.
"no way was this stock going to keep a 3% gain knowing it's recent history" - I sold with a stop loss at 381 and repurchased back in just now at 376.

$200 no risk gain(didn't try to short the stock), In a little more then an hour.

Of course this may not be considered day-trading as I'd only do it on days when there are extreme pops or dips...
What's the problem with using this strategy on a routine basis?
 
The fault in your logic is that your source of it going down was gut feeling.

If it'd gone up by that much aftee you sold it you'd have lost all that money. So it's definitely not as risk-free as you're trying to convey here.
 
Piecake said:
Well, thats good. Your exports will be cheaper and more competitive. Canadian exports...hmmm... oil? natural gas? ore? Blackberry? Help me out here
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That kind of stuff and wood. Maple syrup. Electricity (from Quebec). Bacon? Probably not.
 
Double posting but it's a different day :P


Strange day for me. Pretty much everything I've had my eyes on went way down today. The two banks I owned went down in price but I still sold them because of a call I wrote on them. Hopefully they will go down a little bit and I can re-buy at a lower price. Now I'm pretty much out of the market.

I was looking at SSYS and DDD but those seem like sinking ships at this point, especially with HP entering that market soon. Biotechs tanked today, maybe there will be a good buying opportunity soon. Overall I'm a little nervous about the market right now.
 
I sold TTWO today, simply because I don't think anyone in the industry other than WB would have the money to buy them out. I think most companies will remain on the conservative end in this sector. P/E is still low though, I'll get back in if it falls enough.

Other than that I added to all of my positions. SCTY is going low, but if I buy some it will be a small position next week, I don't have enough money to buy much, I'd have to sell something and don't feel like it.

Yeah SSYS and DDD have fallen, but I see no justification over the long term to doubt their viability. They'll either grow or be bought out.
 
Soka said:
It was bound to happen. IBB is off about 12% in the past few months. I suspect it still needs to further correct. Long-term I think it's a great investment, but it seemed silly just how fast it ran up recently.
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i lost all gains on NVAX...but fundamentally it's still in tact so far...no support holding it up tho
 
Shitty past couple of days:|

Bought a bit of SCTY today, but only a tiny position. Will add later this week.
 
Who would people recommend for trading online? I have a lot of options, but have never wanted to chance playing any money in the stock market. I have some pretty solid options I'm wanting to invest extra money into, so didn't know if there were any companies people would recommend for low fees and trades.
 
Hi GAF: I want to trade penny stocks on small exchanges. Specifically, I want to make plays at the tiny companies cropping up around legal marijuana. I am fully aware this amounts to gambling, and I am not going to put any money into this that I'd miss.

So, I need a cheap trader that has access to the smaller exchanges these companies show up on, preferably with no or low minimums so I can throw a couple of hundred bucks away with no drama. It's easy to find info on who's good for big markets, but I've been struggling to find good info on what to do for these smaller, riskier exchanges. Who should I be looking at?
 
So, KING IPO tomorrow, I believe (candy crush people).

Anyone going to get a piece of that bubble?

I would like to short it, but the way things are going in this bull market it might just double tomorrow
 
I'm thinking of possibly selling off what I have in ACMP, because right now it's my only natural gas holding that's negative. The Haynesville shale isn't really working out, but Utica might be awesome. Then there's always the chance prices could go up.

On the other hand, I could trade it for SXL, which has had much better growth, but I'd have way less of it. Or heck, dump it into PAGP. It's new and has done well, but I don't want to stack my portfolio too much.
 
What's the general consensus of the percentage of profits I should be seeking each year from my portfolio? I hear a range from 10%-15%.
 
snack said:
What's the general consensus of the percentage of profits I should be seeking each year from my portfolio? I hear a range from 10%-15%.
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What? The average stock market rise historically is between 6 and 7% a year.

In a bull market, perhaps, but those will be counterbalanced by the occasional 20-50% bear market to even out around the historic average in the long term.
 
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