Snype's short term trades in the stock market •$$$$$•

[RetroGrow]

As far as DRYS I bought a little over 6,000 shares at $4.13 and then I margined a little over another 6,000 shares when it dropped to $3.48 so basically I bought it all for $3.80 because of the price average.

This pretty much illustrates just how clueless you are.. You put all your eggs in one basket by buying 6000 shares of DRYS.
MAJOR MISTAKE #1.
You rode it down 62 cents, a 20% drop!
That is major mistake #2. Never ride a stock down. Use stops, and never take more than a 3% loss.
Then you compounded your mistakes by buying more on margin, for which you are paying 7% on the loan, but of course, you ignore that.
Averaging down is another major mistake.
Never average DOWN!
You lucked out, pure and simple when it rebounded, but, as a professional trader with many years of experience, you made every mistake in the book on that one.
And by the way, you did not make 20% as you alleged because of margin.
You made 10%, minus commissions, margin interest, and the money you would have made with a more intelligent investment.
So, in reality, you lost money on that trade, or at best broke even.
You are obviously a rank amateur, and the only troll in this thread is you.
Anyone who listens to your "advise" would be sadly mistaken.

 

[sparkjumper]

A hell of a lot of people on this cannabis site cant even grow good erb,and stock tips and money matters such should be taken with a large degree of seriousness?And this is not a dig at you at all snypes,its a dig at pervasive gullibility lol.I've read much of this thread and have been an investor from an inheritance years ago,some of the stuff I've read is downright scary if people are going to take it too seriously.Just my two cents and not an attack on any individual

 

[cyberwax]

Ill try this again then, since icmag bugged and deleted my previous attempt.

Anyway; retrogrow i would love to hear your experience on this, whatnots and whats in the land of stocks. Im not getting involved in the fight but i would like to get all the experience i can before i invest real money on it.

Currently trying a simulator at investopedia, it had the same layout as my bank online stock program.

 

[HASH GORDON]

You're not going to hear anything productive from retrogrow. He's obviously some cat that makes $ off people depending on his market opinion. He's made every single argument against an individual investor attempting to make sense of things.....hence perpetuating the myth that you need professionals traders to assist.

Methinks thou dost protesteth too much. BTW, thanks for killing the good vibe in the thread RG. Being a total hosebag stimeyed the whole enchilada and butchered the momentum.

Let's not make use of technology or anything useful like the internet. Hell, why advance beyond the wheel? Luddites always make me laugh.

 

[foolintherain]

Snype / everyone, i've been interested in this for a little while now and am trying to educate myself. it would be nice to retire early or even quit my f'ing job and do this for a living.

i think it is totally possible for an individual investor win in the market. for one, (i think it was william j o neil who said this) an individual can move in and out of positions much quicker than mutual funds or other players in the market whose positions are giant.

i was wondering if anyone could recommend some resources for an individual just starting out in this

 

[cyberwax]

Snype / everyone, i've been interested in this for a little while now and am trying to educate myself. it would be nice to retire early or even quit my f'ing job and do this for a living.

i think it is totally possible for an individual investor win in the market. for one, (i think it was william j o neil who said this) an individual can move in and out of positions much quicker than mutual funds or other players in the market whose positions are giant.

i was wondering if anyone could recommend some resources for an individual just starting out in this

Wise words, im in the same position as you as im also trying to learn the ropes, what i did after some extensive reading was joining an online simulator where you play for fake cash, i believe its the only way of getting into this game. Im using "simulator.investopedia.com"

 

[Doobie Nyce]

dude... the market is wack. Big biz is wack....
"hey big biz... can I get a crumb off your pie??" lol.... The market, corporate america.... thats why we are oppressed and unhealthy as a nation. Don't help them out!!! lol.... just my 2 cents.....

PEACE!!

 

[Snype]

It's nice to see some conversations in here! I want to do some research and start trading again but it is going to take me some time with all the drama going on right now. I appreciate any stock tips that others are giving and I hope that they keep coming. I'm sure we can eventually get some good stock tips in here and all make some money together. Once things die down for me on my legal issues, I'll be doing tons of research and I'll be doing lots of trading. I'm still holding on to my other stocks for now until I figure things out but I hope everyone that is trading is doing well and making some money. I'll be back soon.

 

[Snype]

With the drop in the market today, I had to buy something. I went with FiberTower Corp (FTWR). I got in for $4.10 / share and I'm looking to make 10% in the next 14 days off of this trade.

 

[TruthOrLie]

You say 10% in two weeks? If you keep that up you're getting a full return in less than six months.

What's the most you made on a trade, if you could share?

 

[cyberwax]

My stocktip for today would be HPQ, dropped unreasonably compared to what actually happened within the company, safe bet, short term.

 

[TNTBudSticker]

People aren't going to stop shopping at the Dollar Stores.

Defensive stock in these times.

 

[Snype]

You say 10% in two weeks? If you keep that up you're getting a full return in less than six months.

What's the most you made on a trade, if you could share?

About 16 months ago I made a trade and made 100k in 1 day off of a trade. That was a 50% return in less than 4 hours. At that time I was trading on earnings reports and would buy the stock right before the earnings were released. When I make trades that I'm going to sell it all off in the same day, I use a lot more money to do it than my normal short term trades. When you day trade like that it can be very dangerous but you want to do as much research as you can but you can never make money on every trade but you can have better odds in the long run. Short term trades are a little more easier for me at the moment cause I don't have time to look at all the data throughout the day. Just because I can make 10% in a short period doesn't mean that you can do it all the time. You have to follow a lot of stocks that you research and get in at the right times. I have a list of stocks and prices that I want to buy them at. If they don't get to where I want them to then I don't buy them. When I trade full time, I can't always find deals so I have to wait to here some news or for my stocks to reach levels that I feel comfortable. If I'm not trading stocks, I'll put a good amount of money in ETF's so I can deal with markets more on a whole. It's not easy to make 10% every 2 weeks but these are the best markets to try and make a lot of money in because they are so volitle. There's been some bad economic data so I don't expect the market to move anywhere right now but I like to buy on dips. I still don't believe that it'll go lower than 9500 but we'll see what happens.

My stocktip for today would be HPQ, dropped unreasonably compared to what actually happened within the company, safe bet, short term.

I'll have to check it out! Thanks!

 

[zenoonez]

What do you think about GM reissuing stock? I feel like fat cats are going to jump all over it so a quick 5-10% bump and when it gets on the news and they do stories about it all... skys the limit. Its a stock you just have to watch to prevent holding it too long but I think it could be all green for a week.

 

[cyberwax]

HPQ rose 1.47% today, still 30 mins till close.

 

[TNTBudSticker]

NFLX..Netflix took off like a bat out of guano.


Dividends is where its at if you want the long term.As the price of the stock goes down..the yield goes up.Better than a 1% savings account.

Most I made in Real life is $600 in one day.I bought 500 shares of this stock and it jumped over $1.00 in the next days open.It was a $5.00 stock too.Pretty cheap!

In paper-trading (online portfolio,no money)I made over 1500% in one stock AND still in it..it's hitting 1000% right now.Time will tell when it hits the jackpot.Of course,its a drug company.

 

[SpasticGramps]

Anyone here read Zero Hedge?

I suggest it. Popular amongst CME floor traders and some CNBC guests.

 

[cyberwax]

HPQ continues to rise another 0.69% today.

Also ITRI has lost about 11% of value within the last week, had a rise today of 3.26%.

 

[redbudduckfoot]

yo yo snype, got some pharma companies for you to invest in. if i had the proper bankroll i'd be on it.
xanodyne
mallinckrodt(covidian)

they are name brand and generic manufacturers of Roxicodone.
purdue pharma recently stopped producing oxycontin in an abusable form. people who abuse that shit(like 80%of users, prescribed or not), now really only have two options.
Roxicodone
the dirty H
purdue is gonna lose a ton of biz
i mean, the street value of OC dictated the pharma cost.
now, invest in those two companies, and yer gonna see a profit.
sux that purdue is private, cuz id be bettin against them like a muthafuka
people can hate on us for wanting to profit on the misery of addicts.
let em hate and watch the money pile in.

 

[TNTBudSticker]

And you would think With alot of Viagras out now that would help Pfizer Stock and even a 25 million Dollar order from the UAW Health fund a few years ago.


Nahhhh...It didn't