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Old 29 August 2014, 08:09 AM   #31
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I enjoy this thread. I'm 44% up on twtr! I don't know how much room this stock has to run. I recently sold aapl, kmp both did very well for me.
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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Old 29 August 2014, 08:16 AM   #32
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Everyone is a genius in a bull market.
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Old 29 August 2014, 08:17 AM   #33
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Everyone is a genius in a bull market.
Agree with that statement
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Old 29 August 2014, 02:33 PM   #34
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Agreed
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Old 29 August 2014, 04:16 PM   #35
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Excellent thread idea. My recommendation to anyone new to the world of stock trading would be to read, read, and then read some more. I'm always blown away when I come across someone dumping $75k into a single stock, without understanding the difference between a market, limit, or stop limit order.

Second tip: Learn about options. Using call and put options are an incredibly good way to hedge your positions. Also, they're mighty fun.

Seeking Alpha is a good website, also, I recommend the Motley Fool. They have excellent podcast / radio shows and a great YouTube channel.

Adamlea, learn the "greeks." When you look at a stock, learn how to quickly read the EPS, Alpha, Beta, and 52-week range. Those will give you some idea of health. They're much like a human's vital signs. Just because someone has a perfectly reasonable heart rate, blood pressure, and SpO2, doesn't mean that they're healthy. :)
Great advice - you've given me some things to think about. I appreciate it. I'm still trying to hone my approach.

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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Old 29 August 2014, 08:36 PM   #36
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Everyone is a genius in a bull market.
Very true, as is it's sister corollary: A rising tide lifts all ships.
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Old 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.

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Very true, as is it's sister corollary: A rising tide lifts all ships.
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Old 29 August 2014, 11:42 PM   #38
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GoPro up another $2.75, 5.5% today
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Old 29 August 2014, 11:58 PM   #39
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GoPro up another $2.75, 5.5% today
Yep, it's easy to buy, it's always tougher to know when to sell
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Old 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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Old 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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Old 30 August 2014, 04:15 AM   #42
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Yep, it's easy to buy, it's always tougher to know when to sell
As an example, Feather out, gains are never bad...sell 25% after a 10% gain, 25% after a 20% gain and 25% after a 25% gain, keep remaining 25% for home run. Or develop your own system to maybe hold longer, it's about discipline and not being greedy.

Here's today screen shot, 14 up, 1 down..

20140829_111126_resized.jpg
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Old 30 August 2014, 06:03 AM   #43
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Originally Posted by locutus49
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.
Same thing happens to me. I can't time it correctly, but I always looked on the positive side. I made money in the stock. GOOG and AMZN were my stocks I sold too early.
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Old 30 August 2014, 08:20 AM   #44
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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.
I do this too but in the end my decision is gut. Sure, "maybe" I could have skimmed a bit more, but mostly, when you get that feeling to ride to peak, one gets burned.
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Old 30 August 2014, 08:49 AM   #45
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SO true. Some famous investor once said he got rich by selling too early.

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I do this too but in the end my decision is gut. Sure, "maybe" I could have skimmed a bit more, but mostly, when you get that feeling to ride to peak, one gets burned.
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Old 30 August 2014, 09:40 AM   #46
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I gave you guys GoPro yesterday, it's up $3.35 today that's 7.25% to $48.82...

People think this will be the "must have" holiday gift..
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Old 30 August 2014, 09:43 AM   #47
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Some famous investor once said he got rich by selling too early.
Awesome, love that!
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Old 30 August 2014, 10:03 AM   #48
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SO true. Some famous investor once said he got rich by selling too early.
In the option world our saying is, No such thing as a bad sale, just an early one.
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Old 30 August 2014, 10:24 AM   #49
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New one to me, but I don't do options. Long only. Just shows the different facets of stock investing.

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In the option world our saying is, No such thing as a bad sale, just an early one.
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Old 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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Old 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!

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Old 30 August 2014, 04:06 PM   #52
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awesome, love that!

+1
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Old 31 August 2014, 02:45 AM   #53
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Feather out, gains are never bad...sell 25% after a 10% gain, 25% after a 20% gain and 25% after a 25% gain, keep remaining 25% for home run. Or develop your own system to maybe hold longer, it's about discipline and not being greedy.
Great idea. Common sense, but I never thought about doing it that way. Usually, I just close a position altogether.
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Old 31 August 2014, 03:21 AM   #54
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Great idea. Common sense, but I never thought about doing it that way. Usually, I just close a position altogether.
No, feather out and lock in gains along the way, you can set it how ever you like...ie...25, 35 & 50%, or 10, 20 and 30%, just be disciplined.

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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Old 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.
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Old 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.
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Old 1 September 2014, 11:51 PM   #57
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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.
The big hitters have been in the Hamptons partying the summer away, volume will be back now that summer is over
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Old 2 September 2014, 06:13 AM   #58
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No, feather out and lock in gains along the way, you can set it how ever you like...ie...25, 35 & 50%, or 10, 20 and 30%, just be disciplined.

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
Thanks again - on both counts.
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Old 2 September 2014, 06:15 AM   #59
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Exactly. Methinks volume will be back in the 2nd week of Sept.

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The big hitters have been in the Hamptons partying the summer away, volume will be back now that summer is over
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Old 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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