Stock Market
- Thread starter NemesisX
- Start date
Psycnosis, you're right on about trading small size. I'm playing with 1-5 lots on ES right now.
-awais
-awais
I sat at home trading for 9 months gained 80 pounds and never left.
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I hear this. Thanksgiving was the first day I left the house in 20 days straight. For me this seems to happen a lot during the winter months anyways. Trading and research can really draw you in. I am going to start making myself go do something at least once every three days.
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I hear this. Thanksgiving was the first day I left the house in 20 days straight. For me this seems to happen a lot during the winter months anyways. Trading and research can really draw you in. I am going to start making myself go do something at least once every three days.
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Good thing I slept in today. Not much happening this morning 
steveny said:
Welcome Psycnosis! I look to pick your brain in the near future
I understand all this!!! Very familiar!! Like psycnosis said, I thought about getting a job for fun just so I can get OUT!!!! But for now Im getting out by hitting the gym and dancing lessons....and im still trying to think of ways to get out and do more....
anyone see IMCL jump today. Looks like this trade I posted on another topic will in fact pay off.
Say a 94 NSX is 37k so the monthly payment would be roughly...811.98 per month at 6 percent. Instead of buying the NSX...
Buy 1000 shares of IMCL @ $35.99 (today's close) total of 36k.
Then turn around and sell 10 of the December covered calls with a 40 dollar strike price for $1.95 each. This would net you $1950.00 a little less after commissions. But still enough to make the payments on two NSX's with the same pile of money.
Better yet if IMCL is 40 or above on expiration day the shares will be swept out of your account at 40 dollars each share. You will collect another 4.01 per share or a total of 4001.00 plus the 1950 for a grand total of $5951.00 minus commissions.
http://www.nsxprime.com/forums/showthread.php?s=&threadid=25110
I bought the shares at 34.69 not 35.99 so I will make more than mentioned above if they hold above 40.
Say a 94 NSX is 37k so the monthly payment would be roughly...811.98 per month at 6 percent. Instead of buying the NSX...
Buy 1000 shares of IMCL @ $35.99 (today's close) total of 36k.
Then turn around and sell 10 of the December covered calls with a 40 dollar strike price for $1.95 each. This would net you $1950.00 a little less after commissions. But still enough to make the payments on two NSX's with the same pile of money.
Better yet if IMCL is 40 or above on expiration day the shares will be swept out of your account at 40 dollars each share. You will collect another 4.01 per share or a total of 4001.00 plus the 1950 for a grand total of $5951.00 minus commissions.
http://www.nsxprime.com/forums/showthread.php?s=&threadid=25110
I bought the shares at 34.69 not 35.99 so I will make more than mentioned above if they hold above 40.
I actually banked a few points today
-awais
-awais
saxonsaxon
Guest
Greek
I admire those who are able to make money on the market. Unfortunately, it is all greek to me. Back in the days the closest I have ever come to the market was playing W$raider game. It was fun since it was not real money. Good luck I hope you guys make some extra $$$$$$$$$
I admire those who are able to make money on the market. Unfortunately, it is all greek to me. Back in the days the closest I have ever come to the market was playing W$raider game. It was fun since it was not real money. Good luck I hope you guys make some extra $$$$$$$$$
Re: Greek
saxonsaxon - have you ever tried virtual stock exchange?
http://game.marketwatch.com/Home/default.asp
saxonsaxon said:
saxonsaxon - have you ever tried virtual stock exchange?
http://game.marketwatch.com/Home/default.asp
Re: Re: Greek
That looks cool. Maybe we should start a private NSXPrime contest on that sitebeeker16 said:
Re: Re: Re: Re: Greek
Btw, I'd prefer to start the game with $100,000 instead of $1 Million
I think the idea was to just go into the NSXPrime chat room during the day for a market discussion.beeker16 said:sounds good.
your overall equity starts off at 1 million.
i feel like i'm playing monopoly.
any plans on that chatroom?
Btw, I'd prefer to start the game with $100,000 instead of $1 Million
Psycnosis, I believe the NSXPrime chat room is real-time but we were planning on just chatting; not making market calls.
-awais
-awais
Psycnosis, what's this Pit Bull MA? Is this some MA from Marty Schwartz?
I've read his book. Cool guy for sure.Psycnosis said:
Btw...do you have yahoo messenger?
Let me know when y'all wanna chat...im definatly up for a mentor too
I thought you were the mentorNowSeeX's said:Let me know when y'all wanna chat...im definatly up for a mentor too
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