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25 June 2016, 12:25 AM | #391 |
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I had the order in to short AMZN at 712, to go the other way. Then I got scared and cancelled it. Took 3 minutes to cancel! In the meantime, AMZN did briefly touch 712, now 705. But I guess my order did cancel anyway I did not get a fill. One's first instincts are often the best!
superdog I think I am done for the day. The market has a way of taking back what it gave you if you over trade. |
25 June 2016, 01:09 AM | #392 | |
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25 June 2016, 01:30 AM | #393 | |
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If you've never done this before, I'd save a little more and start with an SP 500 index fund, preferably from Vanguard. Sent from my iPhone using Tapatalk |
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25 June 2016, 01:38 AM | #394 |
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Talking stocks, trading, and investing in general
Great time to buy stocks, again, if you have cash on the side. I'm going shopping just like I did the last major market pullback!
Still Buy or Hold mode on HRTX... Still like RTTR long term too...
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25 June 2016, 01:56 AM | #395 |
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Thanks for the tip. I have more, but I didn't want to risk more when learning. Looks like I need to read up first, then put more in.
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25 June 2016, 02:38 AM | #396 | |
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I put in an order to sell at 701.5 I mean that's only $100. minus both ways commission and SEC fees we're taking about $89. but still money is money. The reason I bought only 100 is I figured if it tanked I could buy a large second lot and cost average in to make the real bucks. Anyway, next thing you know it's 699.5 Only down a hundred bucks, no big deal, but annoying. I decided against buying more shares and lowered my sell to 700.65 which means, I get out at a wash, make maybe $3. lol (maybe only $2.). After a while it fills, but then they shoot the stock to over 702 which means that my original sell order 701.5 was fine. But this is the way they do it - they rattle you into selling early, selling at a loss, etc. etc. By "they" I don't mean mysterious conspired forces, it's not like that. I just mean the market in general. This game is not for everyone. If I'd had 1000 shares I would have gotten really rattled. But when I am long I still won't lower my sell order below what I paid. I don't care I'll hold a month until the stock comes back if necessary! I've been doing this long enough to trust my instincts. Just watch, I still predict that AMZN will hit the 750s sometime between now and next earnings, which is estimated 7/28/2016. It might not happen until the very day of earnings, before the bell, but I do believe it will happen. So why don't I just buy 1000 amzn and sit around, waiting to collect $50K? because I am more of a trader with these particular stocks than a long term holder. I do have a variety of stocks I hold long term, but lately, I've not held AMZN longer than a few months at a time. Anyway I am making money if not daily, always weekly, so I am satisfied. |
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25 June 2016, 02:47 AM | #397 |
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any one into the precious metals?
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25 June 2016, 02:54 AM | #398 |
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so amazon gets the vote then ?? ...
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25 June 2016, 02:58 AM | #399 | |
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25 June 2016, 03:30 AM | #400 |
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Short the euro anyone?
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25 June 2016, 03:35 AM | #401 |
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Interesting idea. Wish I'd seen this coming. Everyone was so sure into the close yesterday that brexit would fail.
I suppose I should have known. The forces of the universe have a way of evening things out. Would have been glorious just to buy some gold futures yesterday, or something like SPXS. (SPXS is basically a bear hedge fund that goes up when the market goes down.) |
25 June 2016, 03:38 AM | #402 |
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25 June 2016, 03:44 AM | #403 |
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Out 699.5 It'll probably insult me by going to 705 at the end of the day but oh well, can't go broke turning a profit.
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25 June 2016, 05:55 AM | #404 |
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sound advice
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25 June 2016, 06:02 AM | #405 |
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Margin calls on Monday overseas will offer some ADR bargains. Huge program trading volume in last 2-3 minutes before close will trigger that for some uncovered positions.
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25 June 2016, 09:53 AM | #406 |
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As previously posted I've been long gold all year. Gotta love when a plan works out. Also been buying dust puts as well.
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25 June 2016, 11:53 AM | #407 | |
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25 June 2016, 12:23 PM | #408 |
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I'm jumping into PM. The intrinsic value never diminishes.
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25 June 2016, 12:27 PM | #409 |
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I am a beginner other than my 401k accounts. I have been investing a few thousands here and there into FB, TOO, CONE, VEC, UA, NFLX, APPL, AMZN, SCHH, and UA. They are all companies that I use or have touched my life one way or another. I hope to hold for the long term. I am just not sophisticated enough to buy and sell daily or weekly. Maybe sometime in the near future.
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25 June 2016, 01:08 PM | #410 |
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If you know anything about market structure, order routing and quote speed you would know that it is rigged. Long term investing is fine, day trading and trying to flip ticks is just plain reckless. Unless you have an algo or are an HFT there is no way you are throwing around that much size for such little reward.
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25 June 2016, 03:20 PM | #411 |
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26 June 2016, 03:09 AM | #412 | |
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(1) the person is not in the market (2) the person has never been in the market (3) the person has lost money in the market In other words, it a defeatist statement of one who has failed or not attempted the market. "Unless you have an algo or are an HFT there is no way you are throwing around that much size for such little reward." is also nonsense because that is exactly what I am doing. I associate with many others who do the same, some of whom may not have as much money in the market as I do, but believe me there are many plain folks traders with hundred thousand or million dollar accounts. These are known as "retail investors" and on a given day, there are often more retail investors pushing the stock around than institutions. There was a time when the "robot" traders were doing more volume than the humans, but no longer. Nowadays the HFT are more involved with futures than equities. The numbers of HFT percentage wise are definitely under 50% for equities now, and were calculated as having dropped to below 50% already by 2012. https://en.wikipedia.org/wiki/High-frequency_trading These firms like Options House, TD Ameritrade, etc. etc. did not grow up on the backs of anything other than retail investors. You think they would survive if the average client just bought a few stocks a year? With OH I think even at 4.95 per trade I give them about ten grand a year in commissions. I happen to have a fairly large account, but it's not even necessary for day traders. With U.S. brokerages you get 4X the trading power for day trades. With Bahamas brokerages like SureTrade, 6X. Which means that a guy with only $150K in his account may buy and sell close to a million dollars of stock at a time. No big thang. An algo or an HFT would require tens of millions MINIMUM, not to mention the cost of the equipment. My trading setup costs maybe twenty grand that's all. If I make $500. or $1000. a day average that adds up to a lot. My goal when I started this years ago was $500. a day. Now it is $1000. a day. $1000. is my "point spread" and I try not to walk away from the computer until I have cleared that. It doesn't always work out. Some days I actually lose money, or at least - I end up stuck in a large position and then I wait for it to come back over time. I rarely have to pull the plug at a loss, the stocks I trade are Quality and tend to come back to where I want them or higher, eventually. Other days I have made as much as close to thirty K in a day. But my average take-in is there. I have another main profession so trading stocks is a side business for me, but I take it very seriously and been doing it on and off since the very late '90s. Sometimes when I put in a large order for say 1000 shares for a low volume stock such as CMG I get partial fills only. That implies, yes, that I am a big trader, but it doesn't mean I am the only one. Yesterday there was a fill at 190 for 30000 shares of TSLA. That could be one guy, or it could be a firm. When I used to trade GOOGL exclusively we calculated that on some days I myself personally traded 2% of the total volume in GOOGL. How many people can say that? But it doesn't mean I am an algo or HFT. You go in and out buy and sell 1000 GOOGL enough times and it adds up to serious volume. Take a look on youtube sometime. You'll see many videos of stock traders who post real time action of what they are doing. Her's one small series https://www.youtube.com/watch?v=todU...ature=youtu.be There's this one guy who posts real time videos of him buying $50K of a stock at a time, over and over, cost averaging in more and more stock, just to try to make $100. per trade. It does add up. https://www.youtube.com/watch?v=THjCkmKlKvw https://www.youtube.com/watch?v=PHuYQ1GsjSQ etc. etc. there are thousands of such live videos. A more interesting argument would be: who makes more, a successful day trader or a long term investor? Now that is quite debatable, I would agree. In a rising market, the investor probably makes more than the successful day trader. But I made a gang of loot yesterday with the DOW down -600. Did any long term investor make money yesterday? (Unless he was short, in which case he would have lost his arse all month UNTIL yesterday.) You sound like you have something to prove. Which is, what? If you're not involved with the stock market in this way why challenge what others are doing? |
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26 June 2016, 05:55 AM | #413 |
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I don't have anything to prove. You sound like you do and I could care less. I trade professionally, currently manage a proprietary options book in the $100mm range. My company is a proprietary trading firm, mostly relative value arbitrage algorithms and it is mostly capital markets, we have a small equity future business. I've been in the business along time and let me tell you this, those that say they will never get hurt, or that they know what they are doing are either lying or will blow out eventually.
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26 June 2016, 06:47 AM | #414 |
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Anybody doing anything with currency right now? Mainly the pound or euro?
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26 June 2016, 06:50 AM | #415 |
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26 June 2016, 07:11 AM | #416 |
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26 June 2016, 08:51 AM | #417 | |
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Contemplating shorting the euro in usd terms. Can't see how this isn't awful news for the Euro. But I'm a mere rookie.
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26 June 2016, 03:45 PM | #418 |
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I'm wondering, how do you guys forget/get over/don't have regrets? I regret that I didn't transfer most of my euros out of Europe into my US account as it's precipitously declining. If I think about the average highs and how much more I'd have right now it makes me want to scream (at least a little). Or stocks you've held on for too long? Most of these things are beyond my control, at least what's causal. However, I wish I was smarter to react more effectively and quicker.
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26 June 2016, 06:33 PM | #419 | |
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I'm pretty well diversified now and when one thing goes down another seems to go up. |
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27 June 2016, 02:39 AM | #420 |
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why not some silver? that GSR favors silver at the moment. And not talking about ETFs
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