How 'bout that stock market?

[steveny]

3k day so far for you. Sweet. I am only up 1600 so far on 6 trades.

 

[steveny]

Whoa, just pulled .5 out of XOM on a 10k share block. :smile:

edit shorting back down 2k .70 to .51

 

[steveny]

missed the upswing that time.

Looking to get back in at 84.50 ish

chirp chirp at 84.90

 

[steveny]

.50 to .58:smile: 45 second round trip

 

[SilverStone05]

Market surged, so I took the short side this time. 2 minutes.

 

[steveny]

Market surged, so I took the short side this time. 2 minutes.

Sweet 1500 for you good job.

 

[SilverStone05]

Enough of the childs play. 10K share block this time. Short Side.

 

[steveny]

Enough of the childs play. 10K share block this time. Short Side.

3k for you. Be careful. I keep 1/2 of my money on hand to reposition and get out even.

 

[SilverStone05]

I wouldn't leave myself without enough to buy myself an out. :wink:

 

[steveny]

I wouldn't leave myself without enough to buy myself an out. :wink:

:biggrin:

 

[steveny]

Everyone at lunch? Seems like it's slowing down?

 

[SilverStone05]

One last short sale. 10K on the day...I'm out.

 

[robr]

I hate you guys. You just made more in a morning than I do in a month.

 

[steveny]

I am getting out soon too. Something feels shaky or maybe its just me trying to manage several computers at the same time.

 

[steveny]

I wrapped up half my profit in XOM feb 90 calls. They report tomorrow and if its a good report I could reap some decent profit. If it's bad well I lose 1/2 my profit from today. I see some other oil companies reporting good earning and XOM was just at 95 so hey maybe just maybe.

 

[steveny]

Look at the volume on XOM in the last minute of trading. 3,780,950 shares, WOW!!! 10% of the daily volume in the last minute of the day. Looks like it may have some after hours in it but only about 5 minutes worth.

 

[SilverStone05]

BIDU was up 25 bucks. THEN TANKED AH.

Holy crap...I have never seen a stock fall so fast. 25 bucks (or 10%) gain gone in 15 seconds. Wow.

 

[steveny]

BIDU was up 25 bucks. THEN TANKED AH.

Holy crap...I have never seen a stock fall so fast. 25 bucks (or 10%) gain gone in 15 seconds. Wow.

It's because of GOOG.

 

[SilverStone05]

ouch...look out below!!!

 

[Big_D]

BIDU was up 25 bucks. THEN TANKED AH.

Holy crap...I have never seen a stock fall so fast. 25 bucks (or 10%) gain gone in 15 seconds. Wow.

Huh It was up $20 at the close. Wow that aftermarket trading is crazy...

 

[steveny]

Huh It was up $20 at the close. Wow that aftermarket trading is crazy...

Crazy enough that I won't attempt it and I'm nuts.:biggrin:

 

[Big_D]

Crazy enough that I won't attempt it and I'm nuts.:biggrin:

Its no wonder people want to day trade...you never know what will happen after the close. Dang.

 

[steveny]

Its no wonder people want to day trade...you never know what will happen after the close. Dang.

Well not true on valuations. If something is under valued then it's a buy and hold. There are so many ways to play the market and no one way is the right way. As you see I and silverstone05 were buying and short selling today. Make money on the way up and the way down. :smile:

 

[Ryanmcd2]

Check out interactivebrokers if you guys are doing lots of trades. 1c a share and it's super fast. That what I used when i was trading stocks years ago and it was good.

 

[Ryanmcd2]

Short term gains are taxed at the ordinary income rate, max 38% federal.

I've never examined the tax consequences of forex, but learning a new craft to save 10% in taxes just isn't worth it imho.

It's a nsx every year if you trade a lot, also do a corp and write stuff off.