Any day traders/investors in here?

Papethova · 03-05-2008, 04:06 PM

I was short on ABK today when they halted trading. The uncertainty was killing me.!!! The fact that I had to pee and couldnt take that chance didnt help. Sat here for 2 hours staring at no volume.

Luckily it worked out for me

(2+ points), but it could have been disasterous.

JSierra · 03-05-2008, 05:27 PM

Lately I have only been buying into gold....seems like the only thing worth it....

WhiteOne · 03-07-2008, 08:37 PM

4X

Dave · 03-08-2008, 12:21 AM

Gold saved my portfolio. AUY look into it

Shorting apple and citi were some of the best moves I made this year....

Oh and I use Schwab

Papethova · 03-08-2008, 01:38 AM

I was considering a long on apple this week, maybe a put to hedge.

I went long on ABK today planning to hold til Monday but sold at close just before the $2 spike.

BForbes · 03-08-2008, 11:53 AM

Bear Stearns FTW!!

colonel1961 · 03-08-2008, 01:29 PM

I hate to say, but gold still has some traction. Whether the dire economic situation is real or imagined (I think more imagined than real at this moment) the uncertainty is there, ergo, precious metals are safe harbors.

Another good hedge (for a while) are defense stocks. You may not hit a home run, but you won't take it in the shorts, either.

p.s. glad you've got the brass to day-trade in this market...dang.

young1er · 03-08-2008, 02:16 PM

Quote:

Originally Posted by JSierra

Lately I have only been buying into gold....seems like the only thing worth it....

you should check out www.goldseek.com it is a gold investing site my friend runs

TunedM2C · 03-08-2008, 06:27 PM

I pay someone to do it for me.:biggrin:

Cybersavage · 03-08-2008, 08:10 PM

Quote:

Originally Posted by Papethova

The uncertainty was killing me.!!!

Been there, done that. When I had my website "SaavyCharts" I did a bunch of daytrading. (several million dollars a day) Since then, I've been more of a swing trader (6 weeks to 6 months) and continue to post my stock market technical analysis on various boards.

http://www1.investorvillage.com/smbd...sg&mid=4290090

Regards,

cybersaavy

Papethova · 03-09-2008, 01:01 AM

Quote:

Originally Posted by colonel1961

p.s. glad you've got the brass to day-trade in this market...dang.

Seems pretty simple, just pick something and short it, 9 times out of 10 it seems to work out. If things keep going like this my 135 will be paid for in a matter of days.

I think ill be looking to go long this week on somethings though.

TunedM2C · 03-14-2008, 04:06 PM

Quote:

Originally Posted by onehots2k

Bear Stearns FTW!!

Whoops!:wink:

colonel1961 · 03-14-2008, 07:36 PM

For what it's worth, the smartest person I know personally (and possibly the wealthiest) is buying gold up to $2,000 per ounce. He started buying at ~$500 per and I thought he was nuts...

Per bona fides, he is the man who convinced his company to purchase Network Solutions (then the domain name monopoly) for $10M in the '90's. Later the company sold it for billions. Enough said?

Papethova · 03-15-2008, 03:57 AM

Quote:

Originally Posted by Tuned1

Whoops!:wink:

Great short today, thats all I traded. Just wish I was up at 630 because I would have shorted at 49/50 and trail stopped it down to 27/28.

Few thousand shares and my 1 series would be free and it would have only taken 20-30mins.

Cybersavage · 03-17-2008, 12:45 PM

Quote:

Originally Posted by Papethova

Great short today, thats all I traded.

Note that subwave c = 1.618 of subwave a @ 126.89 (my target for this 1st leg down)

Papethova · 03-20-2008, 12:01 PM

I was short on CIT today and covered 6 seconds before it was halted

Nice up day turned into a big downday.

spcheng · 03-26-2008, 03:24 AM

Hi,
I was always interested in investing in the foreign exchange market, commodities, stocks, etc. But whenever I started delving into it, I lacked the motivation to stay in the game. (I know some basics of investing) May I ask, how did you guys start investing, what did you read to learn, etc?

Thanks!!!

InsaneSkippy · 03-27-2008, 03:23 PM

I love investing, I've been doing it for almost 8 years. I was given a good opportunity to learn from a family friend (stock broker).

I'm on a short term hiatus after getting kicked in the pants with a few options on Google.

Papethova · 03-27-2008, 04:00 PM

Ya I got kicked in the pants this week pretty hard. Lost all of my cushion back down to my own money again.

Sucks because I was hoping to have enough locked up to pay for the 135, oh well its still 2 months out I have time to make it back again.

Cybersavage · 04-17-2008, 04:19 PM

If my wave count is correct, it projects up to 1460 (B) by summer then down (C) into the fall. I can also make a case for a top in the 1415 or 1500 areas using different Fibonacci ratios and technical analysis techniques.

cs

InsaneSkippy · 04-17-2008, 05:34 PM

Has anyone seen Google today? Up over 70 points in after hours trading! There may be hope for my option, yet!

Papethova · 04-17-2008, 07:35 PM

Quote:

Originally Posted by InsaneSkippy

Has anyone seen Google today? Up over 70 points in after hours trading! There may be hope for my option, yet!

Are they April options?

03-05-2008, 04:06 PM	#1
Papethova Banned 227 Rep 3,094 Posts Drives: '08 135/ '11 1M Join Date: Oct 2007 Location: at Death Valley 127 iTrader: (1)	Any day traders/investors in here? I was short on ABK today when they halted trading. The uncertainty was killing me.!!! The fact that I had to pee and couldnt take that chance didnt help. Sat here for 2 hours staring at no volume. Luckily it worked out for me(2+ points), but it could have been disasterous.
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03-05-2008, 05:27 PM	#2
JSierra Private First Class 20 Rep 160 Posts Drives: 2008 SGM 135i Join Date: Feb 2008 Location: Texas iTrader: (0)	Lately I have only been buying into gold....seems like the only thing worth it.... __________________ BMW 135i - Sparkling graphite metallic, Gray Boston Leather, Gray Poplar, Premium and Sport package, Comfort Access
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03-07-2008, 08:37 PM	#3
WhiteOne Major 28 Rep 1,000 Posts Drives: 2008 AW 135i Join Date: Dec 2007 Location: Alabama iTrader: (0)	4X
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03-08-2008, 12:21 AM	#4
Dave formerly izzo/comeback 287 Rep 3,382 Posts Drives: 2016 RC 350 F Sport Join Date: Dec 2007 Location: NJ iTrader: (3) Garage List 2008 135i [6.80]	Gold saved my portfolio. AUY look into it Shorting apple and citi were some of the best moves I made this year.... Oh and I use Schwab __________________ BMW CCA # 418268
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03-08-2008, 01:38 AM	#5
Papethova Banned 227 Rep 3,094 Posts Drives: '08 135/ '11 1M Join Date: Oct 2007 Location: at Death Valley 127 iTrader: (1)	I was considering a long on apple this week, maybe a put to hedge. I went long on ABK today planning to hold til Monday but sold at close just before the $2 spike.
	Appreciate 0 Quote

03-08-2008, 11:53 AM	#6
BForbes Moderator 559 Rep 4,240 Posts Drives: BSM 135i/AW E90 M3 Join Date: Feb 2007 Location: Orlando, FL iTrader: (0)	Bear Stearns FTW!! __________________ - 04 Honda S2000(gone)
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03-08-2008, 01:29 PM	#7
colonel1961 Rammer Jammer 14 Rep 411 Posts Drives: Join Date: Dec 2007 iTrader: (0)	I hate to say, but gold still has some traction. Whether the dire economic situation is real or imagined (I think more imagined than real at this moment) the uncertainty is there, ergo, precious metals are safe harbors. Another good hedge (for a while) are defense stocks. You may not hit a home run, but you won't take it in the shorts, either. p.s. glad you've got the brass to day-trade in this market...dang.
	Appreciate 0 Quote

03-08-2008, 06:27 PM	#9
TunedM2C Brigadier General 829 Rep 4,190 Posts Drives: 2016 LBB M2 Join Date: Jan 2008 Location: Earth iTrader: (2)	I pay someone to do it for me.:biggrin:
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03-14-2008, 07:36 PM	#13
colonel1961 Rammer Jammer 14 Rep 411 Posts Drives: Join Date: Dec 2007 iTrader: (0)	For what it's worth, the smartest person I know personally (and possibly the wealthiest) is buying gold up to $2,000 per ounce. He started buying at ~$500 per and I thought he was nuts... Per bona fides, he is the man who convinced his company to purchase Network Solutions (then the domain name monopoly) for $10M in the '90's. Later the company sold it for billions. Enough said?
	Appreciate 0 Quote

03-20-2008, 12:01 PM	#16
Papethova Banned 227 Rep 3,094 Posts Drives: '08 135/ '11 1M Join Date: Oct 2007 Location: at Death Valley 127 iTrader: (1)	I was short on CIT today and covered 6 seconds before it was halted Nice up day turned into a big downday.
	Appreciate 0 Quote

03-26-2008, 03:24 AM	#17
spcheng Private 4 Rep 62 Posts Drives: 335i COMING SOON! Join Date: Oct 2007 Location: BAY AREA iTrader: (0)	Hi, I was always interested in investing in the foreign exchange market, commodities, stocks, etc. But whenever I started delving into it, I lacked the motivation to stay in the game. (I know some basics of investing) May I ask, how did you guys start investing, what did you read to learn, etc? Thanks!!!
	Appreciate 0 Quote

03-27-2008, 03:23 PM	#18
InsaneSkippy Lieutenant Colonel 79 Rep 1,597 Posts Drives: 135i Join Date: Jul 2007 Location: Florida iTrader: (1)	I love investing, I've been doing it for almost 8 years. I was given a good opportunity to learn from a family friend (stock broker). I'm on a short term hiatus after getting kicked in the pants with a few options on Google. __________________
	Appreciate 0 Quote

03-27-2008, 04:00 PM	#19
Papethova Banned 227 Rep 3,094 Posts Drives: '08 135/ '11 1M Join Date: Oct 2007 Location: at Death Valley 127 iTrader: (1)	Ya I got kicked in the pants this week pretty hard. Lost all of my cushion back down to my own money again. Sucks because I was hoping to have enough locked up to pay for the 135, oh well its still 2 months out I have time to make it back again.
	Appreciate 0 Quote

04-17-2008, 04:19 PM	#20
Cybersavage Lieutenant 105 Rep 518 Posts Drives: 2002 Viper GTS Join Date: Aug 2007 Location: Los Angeles iTrader: (0)	If my wave count is correct, it projects up to 1460 (B) by summer then down (C) into the fall. I can also make a case for a top in the 1415 or 1500 areas using different Fibonacci ratios and technical analysis techniques. cs
	Appreciate 0 Quote

04-17-2008, 05:34 PM	#21
InsaneSkippy Lieutenant Colonel 79 Rep 1,597 Posts Drives: 135i Join Date: Jul 2007 Location: Florida iTrader: (1)	Has anyone seen Google today? Up over 70 points in after hours trading! There may be hope for my option, yet! __________________
	Appreciate 0 Quote