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29 August 2014, 08:09 AM | #31 |
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I think you get $60 out of it near term, if it can get through that number it maybe re-test 75-80 with some luck and patience..
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29 August 2014, 08:16 AM | #32 |
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Everyone is a genius in a bull market.
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29 August 2014, 08:17 AM | #33 |
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29 August 2014, 02:33 PM | #34 |
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Agreed
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29 August 2014, 04:16 PM | #35 | |
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I primarily sold naked puts last year. Plus some covered calls. Did very well with IOC, LINE, and some others. Got burned - badly - with IOC as well. I haven't learned how to do spreads yet, but I'm going to have to build my reserves back up before I can get back into options. I felt like I needed to file an order of protection from abuse and talk to a counselor after I got thoroughly violated by the tax man this year. I used to read Seeking Alpha (SA) regularly, but now I only read it occasionally. Last year, SA posted an article about a CEO of a company I had sold puts on who, according to the post, was being indicted for sundry SEC violations. Predictably, the underlying tanked and my gains evaporated. I traced the source back to an unsubstantiated Tweet that had been posted on another financial blog. I haven't fully trusted SA since. The whole thing reminded me of that scene from Oliver Stone's Wall Street where Bud Fox calls a financial reporter from a pay-phone with the cryptic message: "Blue Horseshoe loves Andicott Steel" It seems like so many secondary sources are susceptible to spin - a la The Wolfe of Wall Street. So, it seems to me that company financial data and technicals are the best things to look at. What is a qualified account? What is a SIPP plan? And can you trade with these types of accounts? How do you avoid getting raped on capital gains? I pose these questions in the most general sense. I'm a self-employed civil rights attorney with LLC. Civil rights cases being what they are, my draws are irregular. As such, I'm trying to learn as much as I can about how to make smart trades and how to keep more of my income - that's why I'm curious about qualified accounts and SIPP plans. |
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29 August 2014, 08:36 PM | #36 |
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29 August 2014, 11:25 PM | #37 |
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Of course I am guilty of selling stocks too soon. I just sold out of major positions in Berkshire Hathaway and Apple, both at their all time highs, with the plan of buying them back during the next dip/correction/whatever. But both stocks continue to nudge upwards.
Oh well. I'm hoping Apple performs as it always has and drops after the upcoming product release. Always a good entry point. |
29 August 2014, 11:42 PM | #38 |
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GoPro up another $2.75, 5.5% today
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29 August 2014, 11:58 PM | #39 |
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30 August 2014, 12:26 AM | #40 |
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Trading is sometimes fun.
Investing for the amateur is less fun and more work. But either way, the best way to make money in financial instruments is to be the one who is paid whether markets are up or down - i.e., be the guy in the middle handling the buys/sells/etc. They get paid regardless Seems we retail clients are flying biplanes while the HFT pro's are piloting spaceships - and beat everyone to the punch most times.
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Does anyone really know what time it is? |
30 August 2014, 12:28 AM | #41 |
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The time to sell is when people on a Rolex forum are giving out stock tips.
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30 August 2014, 04:15 AM | #42 | |
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Here's today screen shot, 14 up, 1 down.. 20140829_111126_resized.jpg |
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30 August 2014, 06:03 AM | #43 | |
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30 August 2014, 08:20 AM | #44 | |
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"You might as well question why we breathe. If we stop breathing, we'll die. If we stop fighting our enemies, the world will die." Paul Henreid as Victor Laszlo in Casablanca |
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30 August 2014, 08:49 AM | #45 |
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30 August 2014, 09:40 AM | #46 |
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BARK BARK BARK BARK BARK BARK BARK BARK BARK BARK BARK BARK |
30 August 2014, 09:43 AM | #47 |
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Awesome, love that!
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"You might as well question why we breathe. If we stop breathing, we'll die. If we stop fighting our enemies, the world will die." Paul Henreid as Victor Laszlo in Casablanca |
30 August 2014, 10:03 AM | #48 |
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30 August 2014, 10:24 AM | #49 |
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30 August 2014, 11:49 AM | #50 |
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Does anyone here do day trading? Long term value investing?
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30 August 2014, 12:27 PM | #51 |
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I love this kind of threads. Everyone is happy as their portfolio is up and still holding on for more profits, and yet noone is taking money out of their original investment in case the market goes belly up eg: gfc crisis.
Remember everyone that no profit is s profit unless the shares are sold. Paper profits are a nice way to boast about, however, be smart and take profits. That's my only advise! |
30 August 2014, 04:06 PM | #52 |
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Best George "Also remember that feet don't get fat and a watch will always speak volumes." Robert Johnston --------------------- *new*https://youtu.be/EljAF-uddhE *new * http://youtu.be/ZmpLoO1Q8eQ IG @passionata1 |
31 August 2014, 02:45 AM | #53 |
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Great idea. Common sense, but I never thought about doing it that way. Usually, I just close a position altogether.
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31 August 2014, 03:21 AM | #54 | |
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If people are looking to play the "drone revolution" here's a $12.5k portfolio to capitalize on what is the next big thing in technology. Buy a 100 shares of each. INVN IXYS AMBA GPRO |
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1 September 2014, 02:29 AM | #55 |
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I don't think it's so bad to talk about equities on this forum. You would think people who have enough wealth to purchase expensive watches would probably have investments in stocks and real estate.
I'd be more concerned if servers in restaurants were giving out stock tips. |
1 September 2014, 08:02 AM | #56 |
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I scalp on a daily basis and have been focused on 30 Year bonds (/ZB). Aways shorting...
Unless the volume comes back into the derivatives markets in the next couple of weeks, then I would be very nervous to stay long. We're at record highs with almost record low volume. Liquidity has gone down....something is up. |
1 September 2014, 11:51 PM | #57 | |
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2 September 2014, 06:13 AM | #58 | |
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2 September 2014, 06:15 AM | #59 |
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2 September 2014, 06:50 AM | #60 |
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I like this topic and thread... Still BULLISH on ASPX! Made a lot of $'s in/out several times... Good trading volume, some large investor groups are in and progress is looking Good. http://www.rolexforums.com/showthread.php?t=335846
Take a look, do your research and all the best to my TRF investing buddies!
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