Stocks Investing MONEY : Education?!! Pinkys : OTC

tibal · 09-17-2012, 12:23 PM

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, 01:00 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, 04:00 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.

Mr&Mrs · 09-17-2012, 04:57 PM

Technically it is not insider trading I know nothing about the true numbers until after they come out. I just go with my gut on the performance of the company. It is not illegal to invest in the company you work for

I can see we butt heads a little so I will end my discussion.

birdmanx1 · 09-17-2012, 10:50 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.

eastwest2300 · 09-18-2012, 09:56 AM

Birdman, I didnt know you were into investing.. we need to get together over lunch and talk about a few things.

birdmanx1 · 09-18-2012, 10:58 AM

Quote:

Originally Posted by eastwest2300

Birdman, I didnt know you were into investing.. we need to get together over lunch and talk about a few things.

Anytime bro, it's one thing I am very much interested into and always have been long before working for one of the largest asset manager. Let's do Dee, we'll exchange tips & what not. In this field, no one has the monopoly of knowledge

tibal · 09-18-2012, 09:45 PM

Quote:

Originally Posted by eastwest2300

Birdman, I didnt know you were into investing.. we need to get together over lunch and talk about a few things.

Quote:

Originally Posted by birdmanx1

Anytime bro, it's one thing I am very much interested into and always have been long before working for one of the largest asset manager. Let's do Dee, we'll exchange tips & what not. In this field, no one has the monopoly of knowledge

Can I come?!?

On a side note finally one of the stock that I have been holding

GUID Guidance Software, Inc.
NASDAQ:

Appears to me in an upwards trend. This has been a 5 year hold beginning at 15>0 and now up to 11+.

birdmanx1 · 09-18-2012, 10:18 PM

Quote:

Originally Posted by tibal

Can I come?!?

On a side note finally one of the stock that I have been holding

GUID Guidance Software, Inc.
NASDAQ:

Appears to me in an upwards trend. This has been a 5 year hold beginning at 15>0 and now up to 11+.

Of course Tibal, the more we are the merrier it gets

Glad you are getting some nice upwards trends on your investments. Again, short term wise, there is great potential for some positive gains; however, it's all hard to factor in what the upcoming election has to do with this, there is usually a Christmas bump. We still don't know what will come out of Greece, Spain, Italy. We still don't know what will come January 1st 2013 (IF THE WORLD DOESN'T END DEC 21 2012 LOL) with the sequestration so... those are things to keep that in mind.

Too many things in this market to make it predictable. Company does well, stock goes down, company does bad stock goes up

Rui Z · 09-18-2012, 10:25 PM

I just started trading earlier this year. It's been fun. Still trying to decide if I want to be a day trader or swing trader. I currently play mostly biotech stocks.

Rui Z · 09-18-2012, 10:29 PM

Hey Birdman, is that you on Stocktwits with the 370Z Nismo Avatar?

birdmanx1 · 09-18-2012, 10:44 PM

Quote:

Originally Posted by Rui Z

Hey Birdman, is that you on Stocktwits with the 370Z Nismo Avatar?

Hey Rui, it's not me friend. I guess a trader who loves the Nismos...

tibal · 09-19-2012, 09:22 AM

Quote:

Originally Posted by birdmanx1

Of course Tibal, the more we are the merrier it gets

Glad you are getting some nice upwards trends on your investments. Again, short term wise, there is great potential for some positive gains; however, it's all hard to factor in what the upcoming election has to do with this, there is usually a Christmas bump. We still don't know what will come out of Greece, Spain, Italy. We still don't know what will come January 1st 2013 (IF THE WORLD DOESN'T END DEC 21 2012 LOL) with the sequestration so... those are things to keep that in mind.

Too many things in this market to make it predictable. Company does well, stock goes down, company does bad stock goes up

Couldnt say it better myself. I just LOVE how playing with these pennies has made me realize that is 100% true. It seems that off news days are the ones where I can actually make some profit, but BAM the morning of news they will go up then are slammed right down by the MMs. I guess its all about knowing how to play it right.

Quote:

Originally Posted by Rui Z

I just started trading earlier this year. It's been fun. Still trying to decide if I want to be a day trader or swing trader. I currently play mostly biotech stocks.

It could be very lucrative to become a day trader, but at this point I think I just don't have enough faith in my moves, on top of not keeping up with it enough.

Easy to become a fully time job if one is really into it. Thats why I just stick to long term stocks and hold my positions. Sucks when you see negatives

, but once it goes up, hopefully well worth it.

tibal · 09-19-2012, 09:23 AM

Any of yor guys on Investorshub? I do a lot of my DD and briefing on there to see who is pumping and who is dumping. Its come to the point that I know who to follow and who to stay clear of if they are pumping a stock.

Rui Z · 09-19-2012, 04:50 PM

Not a fan of pump and dump Penny stocks. I got roped into tryin it a few times by my friend. I saw a transaction that got posted on Nasdaq.com After Hours for $700,000 , which is a lot for a penny stock. My friend didn't think much about the transaction. I smelled something fishy, so I got rid of everything first thing in the morning. Sure enough an hour later the thing dropped over 50% and kept dropping from then on out. My friend got screwed and we never went back to penny stocks after that. Be careful.

09-17-2012, 04:57 PM	#19 (permalink)
Mr&Mrs A True Z Fanatic Join Date: May 2010 Location: Tampa Posts: 4,207 Drives: RZ34 Rep Power: 31940	Technically it is not insider trading I know nothing about the true numbers until after they come out. I just go with my gut on the performance of the company. It is not illegal to invest in the company you work for I can see we butt heads a little so I will end my discussion. __________________ Project Z <--Click - Check out the link too many mods to list!

09-18-2012, 09:56 AM	#21 (permalink)
eastwest2300 A True Z Fanatic Join Date: May 2010 Location: South FL Posts: 90,972 Drives: '16QX70/'21 Supra3.0 Rep Power: 2684550	Birdman, I didnt know you were into investing.. we need to get together over lunch and talk about a few things. __________________ Infiniti QX70 & Toyota Supra 3.0 Premium

09-18-2012, 10:25 PM	#25 (permalink)
Rui Z Track Member Join Date: Feb 2010 Location: (.)(.) Posts: 931 Drives: 8====D Rep Power: 16	I just started trading earlier this year. It's been fun. Still trying to decide if I want to be a day trader or swing trader. I currently play mostly biotech stocks. __________________

09-18-2012, 10:29 PM	#26 (permalink)
Rui Z Track Member Join Date: Feb 2010 Location: (.)(.) Posts: 931 Drives: 8====D Rep Power: 16	Hey Birdman, is that you on Stocktwits with the 370Z Nismo Avatar? __________________

09-19-2012, 09:23 AM	#29 (permalink)
tibal Track Member Join Date: Dec 2008 Location: Safest Town In America Posts: 987 Drives: TT-370Z and 2.5RS Rep Power: 17	Any of yor guys on Investorshub? I do a lot of my DD and briefing on there to see who is pumping and who is dumping. Its come to the point that I know who to follow and who to stay clear of if they are pumping a stock. __________________ 2010 - PG - M6 - 370zTT 453/409 6lbs IG @TRbal10 TEAM FLY1 MOTORSPORTS

09-19-2012, 04:50 PM	#30 (permalink)
Rui Z Track Member Join Date: Feb 2010 Location: (.)(.) Posts: 931 Drives: 8====D Rep Power: 16	Not a fan of pump and dump Penny stocks. I got roped into tryin it a few times by my friend. I saw a transaction that got posted on Nasdaq.com After Hours for $700,000 , which is a lot for a penny stock. My friend didn't think much about the transaction. I smelled something fishy, so I got rid of everything first thing in the morning. Sure enough an hour later the thing dropped over 50% and kept dropping from then on out. My friend got screwed and we never went back to penny stocks after that. Be careful. __________________

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