Stocks Investing MONEY : Education?!! Pinkys : OTC

tibal · 09-13-2012, 03:23 PM

As a result of some talk in an unnamed thread, I thought it would be beneficial to all of us members to have a thread dedicated to Stock Talk:: whether Pinkys, OTCQX-QB, anything!

I saw that there once was a thread that was geared towards investing, but it seems to me directed to more corporate news, fallouts, etc. We need NUMBERS!
Who knows, some of you more advanced traders could be of a great help to all the novice ones out there.

Educate others so that they too can purchase that 10k turbo kit.. 5k wheels.. 500 dollar lip.. or even what to do with that 10 cents under the seat...

Wealth in People as Wealth in Knowledge

tibal · 09-13-2012, 03:29 PM

Right now, my portfolio is plagued with the color RED! I was nailed by a pump and dump that occurred last year this time (LTUM) cutting me down 50% where it sits now.
Still I am stuck waiting for a run, but until the Lithium sector becomes hot again it is going to be a painful wait..

Anyone make any profits off of the Lithium run back in early 2011? It all started with a stock some may know (LEXG: OTCQB) that jumped from .10 to almost 11 dollars in a matter of a week.

phelan · 09-13-2012, 04:36 PM

Tough market to play right now, I went long term with nearly everything because the market is driven by fear as much as it is by economic measures. Gold is turning into a safe haven again after it crashed out, though.

Because we could end up in the tank any time, I've generally been conservative in recent (read: one year ago) purchases, including utilities, oil, and telecommunications.

bigdog1250 · 09-13-2012, 05:10 PM

I'm not currently invested as I don't have any spare cash to play with at the moment, but I'm a big fan of trading Ford. It has solid volume and tends to trend a lot, you'll see a lot of movements that repeat themselves.

monkeyfist8 · 09-13-2012, 05:36 PM

I disagree not a tough market at all right now.

a $730.57 gain in 1 day after fee's not bad at all.

bigdog1250 · 09-13-2012, 06:34 PM

How are you able to day trade ALL of those stocks in one day? Seems like a lot to focus on. Also, have you built a model that you use or are you just going by gut based on the news/announcements?

I was making some good money last year as I had a lot of money to play with, can't wait to get back into it.

monkeyfist8 · 09-13-2012, 07:39 PM

Yes, I am able to day trade all of those stocks in 1 day. While I'm in my economics class, we have a 1 hour lab then a 1 hour class. Starts at 7 a.m. So during the lab I do all my research with the time last night, and then I am able to pick up the stocks and buy them. If you catch me on a monday/wednesday/friday, I do not have nearly as many stocks. Maybe one to two and sometimes three. Right now I'm trying a new pattern. I might go back to my old pattern I was making way more money.

phelan · 09-13-2012, 08:52 PM

yeah, day trading is one thing, but it's harder balancing my work with the research i need to do to be confident in my trading.

Mike · 09-13-2012, 10:14 PM

index funds

birdmanx1 · 09-17-2012, 07:58 AM

Quote:

Originally Posted by phelan

yeah, day trading is one thing, but it's harder balancing my work with the research i need to do to be confident in my trading.

I agree. Day trading works for some but not most. As for me, I wouldn't recommend it from personal experience. I put a huge amount of cash in one of my brokerage account towards the end of last year and earlier this year, made $20,000 in 2 weeks so I figured trading could be a way to generate extra income. The Greeks fear hit the market and poof all $20,000 got sucked right back in the market but I lost another $15000, then $25000, then another $20,000 LOL - it could have been worse, still suck to be cut $60k in the span of 7 months. Thank Goodness, I have a considerable cash reserve and that was a good lesson. I'll make the money back within a few months but not willing to play with stocks on my own anytime soon.

Long story short, be careful if day trading, I think the best way for it is if you are doing it full time and not juggling anything else. Tracking the market while presenting or im meetings and conferences at all times got old quick. Besides, the market seems way too inflated to me at this point, we are back to the 13k range but not for the reasons we should. QE3 announced, ECB bond purchase announced, meaning that for the short term there will be another bounce in market but who knows for how long. Moody's already announced they ll slash our rating further if we didn't get to an agreement.

Quote:

Originally Posted by Mike

index funds

With the looming sequestration, the nasty political environment (I personally deal with Senators - they battle on even the most remedial issues) I ll probably add index funds to my portfolio and rebalance my portfolio towards conservative end for next year should there be further turmoil - what brokerage firm do you get them from Mike? I do the max for 401k, max for Roth IRAs, mutual funds in place of college savings 529 for my daughter and other investment tools.

Sorry for the book guys, just figured I would share my experience and I'm always interested in investment discussions. Back on my vacation

bigdog1250 · 09-17-2012, 10:37 AM

Quote:

Originally Posted by birdmanx1

I agree. Day trading works for some but not most. As for me, I wouldn't recommend it from personal experience. I put a huge amount of cash in one of my brokerage account towards the end of last year and earlier this year, made $20,000 in 2 weeks so I figured trading could be a way to generate extra income. The Greeks fear hit the market and poof all $20,000 got sucked right back in the market but I lost another $15000, then $25000, then another $20,000 LOL - it could have been worse, still suck to be cut $60k in the span of 7 months. Thank Goodness, I have a considerable cash reserve and that was a good lesson. I'll make the money back within a few months but not willing to play with stocks on my own anytime soon.

Long story short, be careful if day trading, I think the best way for it is if you are doing it full time and not juggling anything else. Tracking the market while presenting or im meetings and conferences at all times got old quick. Besides, the market seems way too inflated to me at this point, we are back to the 13k range but not for the reasons we should. QE3 announced, ECB bond purchase announced, meaning that for the short term there will be another bounce in market but who knows for how long. Moody's already announced they ll slash our rating further if we didn't get to an agreement.

With the looming sequestration, the nasty political environment (I personally deal with Senators - they battle on even the most remedial issues) I ll probably add index funds to my portfolio and rebalance my portfolio towards conservative end for next year should there be further turmoil - what brokerage firm do you get them from Mike? I do the max for 401k, max for Roth IRAs, mutual funds in place of college savings 529 for my daughter and other investment tools.

Sorry for the book guys, just figured I would share my experience and I'm always interested in investment discussions. Back on my vacation

^ +1 Good financial advice.

And to the guy that said it's smart to have things trend in the same direction... it's not. You have less return per unit of risk, this is a basic diversification principle.

tibal · 09-17-2012, 11:23 AM

Quote:

Originally Posted by eastwest2300

I loooove talking about investing & money.. Im gonna like this thread.

Ohh yeahhh!!

Quote:

Originally Posted by Mr&Mrs

I checked all of monkeys stocks (from that day) and alot of them trend together. That is very good, I have 3 that like to do the same thing. They are all within the same industry so 98% of the time you can make money in all 3 at the same time.

The problem is they are very expensive so I can not buy very many at a time.

Also to not be considered a day trader I only make a few plays a week.

I would like to know what everyone here is using for their transactions. I currently use Scottrade.

I have been with Etrade for the past 5 years and no complaints thus far. It kind of sucks that they charge 10 bucks per transaction, but I have seen others that are even more. I am comfortable w/ the interface.

The main issue is that you have to be able to work your way up, but for some like myself (cough cough) it seems that working the way up to buy more of the big money stocks is taking a litttttllee longggerr than anticipatedd.

Quote:

Originally Posted by birdmanx1

I agree. Day trading works for some but not most. As for me, I wouldn't recommend it from personal experience. I put a huge amount of cash in one of my brokerage account towards the end of last year and earlier this year, made $20,000 in 2 weeks so I figured trading could be a way to generate extra income. The Greeks fear hit the market and poof all $20,000 got sucked right back in the market but I lost another $15000, then $25000, then another $20,000 LOL - it could have been worse, still suck to be cut $60k in the span of 7 months. Thank Goodness, I have a considerable cash reserve and that was a good lesson. I'll make the money back within a few months but not willing to play with stocks on my own anytime soon.

Long story short, be careful if day trading, I think the best way for it is if you are doing it full time and not juggling anything else. Tracking the market while presenting or im meetings and conferences at all times got old quick. Besides, the market seems way too inflated to me at this point, we are back to the 13k range but not for the reasons we should. QE3 announced, ECB bond purchase announced, meaning that for the short term there will be another bounce in market but who knows for how long. Moody's already announced they ll slash our rating further if we didn't get to an agreement.

With the looming sequestration, the nasty political environment (I personally deal with Senators - they battle on even the most remedial issues) I ll probably add index funds to my portfolio and rebalance my portfolio towards conservative end for next year should there be further turmoil - what brokerage firm do you get them from Mike? I do the max for 401k, max for Roth IRAs, mutual funds in place of college savings 529 for my daughter and other investment tools.

Sorry for the book guys, just figured I would share my experience and I'm always interested in investment discussions. Back on my vacation

Great advice! I am going to definitely check out TK.

Mr&Mrs · 09-17-2012, 12:00 PM

Quote:

Originally Posted by bigdog1250

^ +1 Good financial advice.

And to the guy that said it's smart to have things trend in the same direction... it's not. You have less return per unit of risk, this is a basic diversification principle.

To some extent I agree, but to another i disagree. If I know:

These three stocks move together, one cost X amount, the next cost a lower X amount, etc. I can make different buy in's basically on the same product. Almost like holding a stock that has dropped below your buy in and buying again at a lower rate (of course with hopes) and selling it back on an up day. This offsets a loss or if it goes above your initial buy in, money in the bank.

I do a lot of things not by the book and it works for me. I also happen to work for one of the companies and known when quarters/months/days will be good. If we are making money they are making money. Diversification is best put to use with the intent of an offset to losses. I dont plan on losing nor have I yet on my favorite 3.

To birdman sorry about your hard time. Even an inflated market has great return on day trade style plays. Don’t get me wrong I do long term on lower priced "penny" stocks, but the bulk of my profit has been in and out trades.

I know I will have a lot of people disagree with me, but oh well it is what it is

bigdog1250 · 09-17-2012, 03:00 PM

Quote:

Originally Posted by Mr&Mrs

To some extent I agree, but to another i disagree. If I know:

These three stocks move together, one cost X amount, the next cost a lower X amount, etc. I can make different buy in's basically on the same product. Almost like holding a stock that has dropped below your buy in and buying again at a lower rate (of course with hopes) and selling it back on an up day. This offsets a loss or if it goes above your initial buy in, money in the bank.

I do a lot of things not by the book and it works for me. I also happen to work for one of the companies and known when quarters/months/days will be good. If we are making money they are making money. Diversification is best put to use with the intent of an offset to losses. I dont plan on losing nor have I yet on my favorite 3.

To birdman sorry about your hard time. Even an inflated market has great return on day trade style plays. Don’t get me wrong I do long term on lower priced "penny" stocks, but the bulk of my profit has been in and out trades.

I know I will have a lot of people disagree with me, but oh well it is what it is

You're right in what you say, but you're trading on insider info (not something I'd suggest sharing). Also the buying in at a lower rate is called dollar cost averaging.

"Diversification is best put to use with the intent of an offset to losses." - True, and it's proven to lower unsystematic risk which you are greatly exposed to.

birdmanx1 · 09-17-2012, 09:50 PM

Quote:

Originally Posted by bigdog1250

^ +1 Good financial advice.

And to the guy that said it's smart to have things trend in the same direction... it's not. You have less return per unit of risk, this is a basic diversification principle.

Quote:

Originally Posted by tibal

Great advice! I am going to definitely check out TK.

Glad to read that guys

Quote:

Originally Posted by Mr&Mrs

To birdman sorry about your hard time. Even an inflated market has great return on day trade style plays. Don’t get me wrong I do long term on lower priced "penny" stocks, but the bulk of my profit has been in and out trades.

I know I will have a lot of people disagree with me, but oh well it is what it is

Thanks bro, I appreciate it. Like I said the $60k cash I lost were a fraction of my cash reserve so I'm doing very well... Thank GOD. Still it sucks to look at some balances in my account and seeing it without the $60K I lost. Please don't get me wrong, some actually make day trading work in the favor far better than longer term; however, there is always, always, always that risk where one might get blindsided. In this game, one has to be ready to pack a great deal of $$ as well as lose a great deal of $$ without having any urge to jump off a building LOL.

The safe & disciplined road with stocks is far better than the erractic, high risk way over the long run.

09-13-2012, 03:23 PM	#1 (permalink)
tibal Track Member Join Date: Dec 2008 Location: Safest Town In America Posts: 987 Drives: TT-370Z and 2.5RS Rep Power: 18	Stocks Investing MONEY : Education?!! Pinkys : OTC As a result of some talk in an unnamed thread, I thought it would be beneficial to all of us members to have a thread dedicated to Stock Talk:: whether Pinkys, OTCQX-QB, anything! I saw that there once was a thread that was geared towards investing, but it seems to me directed to more corporate news, fallouts, etc. We need NUMBERS! Who knows, some of you more advanced traders could be of a great help to all the novice ones out there. Educate others so that they too can purchase that 10k turbo kit.. 5k wheels.. 500 dollar lip.. or even what to do with that 10 cents under the seat... Wealth in People as Wealth in Knowledge Zbrah likes this. __________________ 2010 - PG - M6 - 370zTT 453/409 6lbs IG @TRbal10 TEAM FLY1 MOTORSPORTS

09-13-2012, 03:29 PM	#2 (permalink)
tibal Track Member Join Date: Dec 2008 Location: Safest Town In America Posts: 987 Drives: TT-370Z and 2.5RS Rep Power: 18	Right now, my portfolio is plagued with the color RED! I was nailed by a pump and dump that occurred last year this time (LTUM) cutting me down 50% where it sits now. Still I am stuck waiting for a run, but until the Lithium sector becomes hot again it is going to be a painful wait.. Anyone make any profits off of the Lithium run back in early 2011? It all started with a stock some may know (LEXG: OTCQB) that jumped from .10 to almost 11 dollars in a matter of a week. __________________ 2010 - PG - M6 - 370zTT 453/409 6lbs IG @TRbal10 TEAM FLY1 MOTORSPORTS

09-13-2012, 04:36 PM	#3 (permalink)
phelan A True Z Fanatic Join Date: Apr 2009 Location: CA Age: 39 Posts: 9,513 Drives: Scoobaroo Rep Power: 3406	Tough market to play right now, I went long term with nearly everything because the market is driven by fear as much as it is by economic measures. Gold is turning into a safe haven again after it crashed out, though. Because we could end up in the tank any time, I've generally been conservative in recent (read: one year ago) purchases, including utilities, oil, and telecommunications. __________________ 凛 ('Rin') - 2009 Nissan 370Z With silence comes peace. With peace comes freedom. With freedom comes silence.

09-13-2012, 05:10 PM	#4 (permalink)
bigdog1250 Track Member Join Date: Nov 2008 Location: San Francisco Posts: 846 Drives: 991.2 GT3 Rep Power: 18	I'm not currently invested as I don't have any spare cash to play with at the moment, but I'm a big fan of trading Ford. It has solid volume and tends to trend a lot, you'll see a lot of movements that repeat themselves. __________________ 350z / 40th 370z / C6 Z06 / BMW M4 / V10 R8 / C7 Grand Spot / 997.1 GT3 / S2K / Camaro ZL1 / 718 GTS / 991.2 GT3

09-13-2012, 06:34 PM	#6 (permalink)
bigdog1250 Track Member Join Date: Nov 2008 Location: San Francisco Posts: 846 Drives: 991.2 GT3 Rep Power: 18	How are you able to day trade ALL of those stocks in one day? Seems like a lot to focus on. Also, have you built a model that you use or are you just going by gut based on the news/announcements? I was making some good money last year as I had a lot of money to play with, can't wait to get back into it. __________________ 350z / 40th 370z / C6 Z06 / BMW M4 / V10 R8 / C7 Grand Spot / 997.1 GT3 / S2K / Camaro ZL1 / 718 GTS / 991.2 GT3

09-13-2012, 05:36 PM	#5 (permalink)
monkeyfist8 Base Member Join Date: Aug 2012 Location: Mountain House, CA Posts: 33 Drives: 14 370z, 12 SRT8 Cha Rep Power: 13	I disagree not a tough market at all right now. a $730.57 gain in 1 day after fee's not bad at all.

09-13-2012, 07:39 PM	#7 (permalink)
monkeyfist8 Base Member Join Date: Aug 2012 Location: Mountain House, CA Posts: 33 Drives: 14 370z, 12 SRT8 Cha Rep Power: 13	Yes, I am able to day trade all of those stocks in 1 day. While I'm in my economics class, we have a 1 hour lab then a 1 hour class. Starts at 7 a.m. So during the lab I do all my research with the time last night, and then I am able to pick up the stocks and buy them. If you catch me on a monday/wednesday/friday, I do not have nearly as many stocks. Maybe one to two and sometimes three. Right now I'm trying a new pattern. I might go back to my old pattern I was making way more money.

09-13-2012, 08:52 PM	#8 (permalink)
phelan A True Z Fanatic Join Date: Apr 2009 Location: CA Age: 39 Posts: 9,513 Drives: Scoobaroo Rep Power: 3406	yeah, day trading is one thing, but it's harder balancing my work with the research i need to do to be confident in my trading. __________________ 凛 ('Rin') - 2009 Nissan 370Z With silence comes peace. With peace comes freedom. With freedom comes silence.

09-13-2012, 10:14 PM	#9 (permalink)
Mike The370Z.com Sponsor Join Date: Jun 2009 Location: Loganville, GA Posts: 5,944 Drives: 370z Rep Power: 2186	index funds __________________ NISSAN: 75 280Z / 86 300ZX GLL /87 Sentra SE / 03 350Z / 23 Z Porsche: 93 968 / 23 Macan GTS / 93 968

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