I feel like the market is starting to trade a little more rationally now. I have had consistant profits for the last 2 weeks. Got a long way to go to get back to where I was. down about 800k now.
How 'bout that stock market?
- Thread starter Ski_Banker
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I feel like the market is starting to trade a little more rationally now. I have had consistant profits for the last 2 weeks. Got a long way to go to get back to where I was. down about 800k now.
I don't buy 1 dollar stocks. It's had a big run from 1.00, I'd say if you really want some don't get in til there but that's without doing anything but glancing at the chart.
Speculative.
But isn't that what you do every day? I thought you lost 800k? After lots of reading it sounded promising but your right that it is speculative but if you hadn't noticed they say YHOO is almost certainly going o sell its seach engine and when it does, it may double. Thats also speculative but Is that not reason enough to buy a few at $10?
I thought doller stocks were a better way to leverage? 500 shares is nothing to lose but if it jumped up to $10 a share thats a huge gain. I don't see a $60 doller stock like SRS jumping to 600. Yeah I'm an ameature if you hadn't noticed.
I thought doller stocks were a better way to leverage? 500 shares is nothing to lose but if it jumped up to $10 a share thats a huge gain. I don't see a $60 doller stock like SRS jumping to 600. Yeah I'm an ameature if you hadn't noticed.
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I lost that much as I do complicated trades that can not be unwound quickly. I didn't expect the market to get as bad as it did.
I would buy Yahoo options before I bought the stock.
Under normal market conditions I would say don't mess with low coast stocks. Problem now is a lot of great stocks are selling at a low PPS.
The ETF's are the best plays right now for "low risk."
Speculation is a kind of telling an amatuer that they have no idea what their risk or reward was and over the long term they will lose $$$, probably 3-5 times more than they anticipated even possible.
And share price has NOTHING to do with potential gains. Look up brk.a/brk.b.
And share price has NOTHING to do with potential gains. Look up brk.a/brk.b.
Green on SRS. That didn't take too long did it.
Dangerous ground here. If you can't take a lot of pain I'd stay away IMO unless you are going the safer equities-BP/XOM/CVX etc. Not sure if you watched OIH today but a few times massive size came in and just dumped. Happened about an hour ago when I was watching it. Longer term oil at <40 is a BUY.
I was thinking USO, options
Steve, take a look at UCO for a bounce in oil, should be good for a quick trade!
thank you sir!
Should be nuts with RIG, on the open at least. Printed something like 33 million shares on the close. 5 million buy order 15 mins until the close, stock gets crushed, 2 million buy order shows up on the specialist book post market but before the print, stock rebounds 2 points, prints LOWER than when the 2 million buy order originally came out.
haha I got blasted* earlier. Had some short orders hanging with a buy above stop. Got short somewhere just under 71 and I'm down .60 a share in one tick with moderate size when it screamed higher. Sometimes stop orders get cancelled when short orders to the specialist gets hit, I need to get a tech guy to fix that $hit.
Made some good money on RIG right afterwards, still down though.
Made some good money on RIG right afterwards, still down though.
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I see this shit all day long and almost got roped into a similar situation a few days ago. I see these pricks put orders in under the low to make it look like support and right before it's set to go off it gets pulled.
Then down she goes.Anyone trying to day trade this new market with out level II is nuts.
I rarely trde anywhere besides the NYSE since the open book for the specialist is nice to have. Can't imagine having nothing* to look at.
I think you will be ok but a little early. I want to wait until oil over shoots to the downside.
I was going to go long in the high 30's but now I think I will wait for the low 30's maybe even the high 20's.
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