Stock market tips and experiences

[greycrx87]

I see SLV going down to 39.23 if it closes below 20-MA, that would equal to 38.2% Fibonacci Retracement.

[stylinexpat]

Originally Posted by greek335xi

put all play money in MIPS or REDF?

please let me know before tmrw haha

This is why I never touch stocks like these REDF .

http://www.google.com/finance?q=NASDAQ:REDF

[stylinexpat]

Originally Posted by greycrx87

I see SLV going down to 39.23 if it closes below 20-MA, that would equal to 38.2% Fibonacci Retracement.

I was thinking around $40 if it breaks under $40 then to about $38.

[AngelinIsRich08]

I'm getting into this SLV thing now. But unfortunately I bought in at $43.92. Now it's $41.9x.

[stylinexpat]

Originally Posted by AngelinIsRich08

I'm getting into this SLV thing now. But unfortunately I bought in at $43.92. Now it's $41.9x.

Wrong time to have gotten in. Will drop further wait before adding to your position to average down.

[M3Bahn]

Originally Posted by ferrari355fi

for the first time in a very long time, I only have long term positions open with no plans in the near future to open any short term. It is amazing how relaxed and clear minded I am. Never realized how much day trading effected me until now.

Yeah exactly why I stopped doing it and too much market manipulation going on as well.

[stylinexpat]

ZSL is on a nice run today.

[Chowbow]

Originally Posted by stylinexpat

ZSL is on a nice run today.

Damnit I knew I should have bought it this AM. I wouldn't hold it for long but damn, those were some gains today.

[ES_TRADER]

PAYDAY!! ...SLV...loving ever second of it! +700% yest...another +333% today...ill take it

[stylinexpat]

Originally Posted by richpuer

PAYDAY!! ...SLV...loving ever second of it! +700% yest...another +333% today...ill take it

What puts did you buy?

[Patrick303]

Sometimes I don't know what is more gratifying....making a nice profit on a good stock pick, or selling a stock right before it pulls back.

I sold SLV and CHK right before they both fell over 5% today.

[Dr. G]

5 figure losses on the day.... not a happy camper!

I don't want to panic and sell, but I feel like I could possibly cut some losses.

Any advice? Maybe I should selectively unload some heavy losers and wait for them to bottom out and then reload them to cash in on the "bounce back" that hopefully will occur?

[nnnnnnnnnnnnnnnnnnnnnn]

Originally Posted by Dr. G

5 figure losses on the day.... not a happy camper!

I don't want to panic and sell, but I feel like I could possibly cut some losses.

Any advice? Maybe I should selectively unload some heavy losers and wait for them to bottom out and then reload them to cash in on the "bounce back" that hopefully will occur?

I'm assuming this is about silver, right. Did you buy stocks or options?

[Dr. G]

Originally Posted by ferrari355fi

I'm assuming this is about silver, right. Did you buy stocks or options?

Actaully I'm not even in silver... A couple related companies though. Major losses came from just stocks, I can hold on and just be patient pretty sure they will recover, but then again I'm considering selling and rebuying at a lower price to increase my profit margins.... although now that I think about it, this could be a risky play because there's not telling when the bounce back will be.

[rallysport]

Damn, i never hold through earnings but felt Suncor was a good bet this time. Talk about being wrong on that one even though they beat expectations lol

[Dr. G]

Originally Posted by rallysport

Damn, i never hold through earnings but felt Suncor was a good bet this time. Talk about being wrong on that one even though they beat expectations lol

SAAMEE SAAAMEE

[ES_TRADER]

Originally Posted by stylinexpat

What puts did you buy?

Otm calendar spread x's are 35, 30, and 22. Heavy. Took off 1/4 today for windfall.

[nnnnnnnnnnnnnnnnnnnnnn]

Originally Posted by Dr. G

Actaully I'm not even in silver... A couple related companies though. Major losses came from just stocks, I can hold on and just be patient pretty sure they will recover, but then again I'm considering selling and rebuying at a lower price to increase my profit margins.... although now that I think about it, this could be a risky play because there's not telling when the bounce back will be.

That is not a good way of thinking. That thinking is like a gambler in Vegas. He is down a lot, but thinks he can make up for it if he wins just one more time. Almost everyone would think that guy is nuts. Treat every trade separately. Don't try to make up for your losses because you most likely will make knee jerk trades that could lose you more. If the stock goes to zero, and you lose all of that money, would you be putting your future or overall finances in danger? If no, just hold. If yes, you are playing with fire.

[Dr. G]

Originally Posted by ferrari355fi

That is not a good way of thinking. That thinking is like a gambler in Vegas. He is down a lot, but thinks he can make up for it if he wins just one more time. Almost everyone would think that guy is nuts. Treat every trade separately. Don't try to make up for your losses because you most likely will make knee jerk trades that could lose you more. If the stock goes to zero, and you lose all of that money, would you be putting your future or overall finances in danger? If no, just hold. If yes, you are playing with fire.

I've held my holdings through every downturn so far and always come out back on top eventually... but never had such a big loss in a single day so I'm kind of in a state of shock and disbelief, especially consider I was making solid income daily up until today. I could lose every penny I have invested and it wouldn't impact me in any way, but I sure as hell would be depressed about it and am not looking to try and experience it haha. I will just sit tight and be happy that I'm still well on top and take into consideration that today's losses were just a part of the game/risk.

My holdings are not very likely to goto 0 since they are all major companies, I will just suck up todays losses and be happy for my gains. I'm no longer in panic mode, shit happens right? LOL.... maybe I'm just trying to feel better.

I will now do some analysis and make some decisions for the rest of the week.

[Chowbow]

Originally Posted by Dr. G

I've held my holdings through every downturn so far and always come out back on top eventually... but never had such a big loss in a single day so I'm kind of in a state of shock and disbelief, especially consider I was making solid income daily up until today. I could lose every penny I have invested and it wouldn't impact me in any way, but I sure as hell would be depressed about it and am not looking to try and experience it haha. I will just sit tight and be happy that I'm still well on top and take into consideration that today's losses were just a part of the game/risk.

My holdings are not very likely to goto 0 since they are all major companies, I will just suck up todays losses and be happy for my gains. I'm no longer in panic mode, shit happens right? LOL.... maybe I'm just trying to feel better.

I will now do some analysis and make some decisions for the rest of the week.

Luckily you don't need the money to survive - which is what I think money in the stock market should be (expendable income). I mean it would suck if I lost the money I have invested but I wouldn't be suicidal and I wouldn't have to change my way of life. OK, maybe I'd buy less toys from the gains.

I usually set a trailing stop loss on all my positions to reduce the amount of bleeding. If something starts plummeting, I try to get out around 10-20% down, and it really depends on the stock. Plus, if you've held the stock for a while and it's made steady gains, the triggered stop loss might still put you in the positive, just not AS positive as if you sold higher. Sometimes it'll be a bad move, but I generally like to think that if I have to hold onto something for a very long time in order to break even, that my money could have been used elsewhere for gain. Hence I just cut out early even if it's at a small loss, and consider the opportunity cost of having my money elsewhere.

[Dr. G]

Originally Posted by Chowbow

Luckily you don't need the money to survive - which is what I think money in the stock market should be (expendable income). I mean it would suck if I lost the money I have invested but I wouldn't be suicidal and I wouldn't have to change my way of life. OK, maybe I'd buy less toys from the gains.

I usually set a trailing stop loss on all my positions to reduce the amount of bleeding. If something starts plummeting, I try to get out around 10-20% down, and it really depends on the stock. Plus, if you've held the stock for a while and it's made steady gains, the triggered stop loss might still put you in the positive, just not AS positive as if you sold higher. Sometimes it'll be a bad move, but I generally like to think that if I have to hold onto something for a very long time in order to break even, that my money could have been used elsewhere for gain. Hence I just cut out early even if it's at a small loss, and consider the opportunity cost of having my money elsewhere.

Haha yup! I was looking into a turbo upgrade, but I will put that on hold for now due to today's losses. I only play with enough money I can afford to lose with no impact on my day to day life. Early on I used to hang on to try to break even, only to realize if I had just sold and bought into something else, I could have made the losses back a LOT quicker.

I'm still VERY VERY well in the positive in my holdings... I just lost a pretty big chunk in one day so it's quite bothersome. The chunk could have paid for every mod possibly for my e92... maybe I should have sold and just modded haha. But oh well.. I've decided to hold out for the rest of the week and see how things go and then make some moves near the end of the week.

[Chowbow]

Quote i just read... "Like Jesse Livermore says, it's not the buying or the selling, but the holding that makes you all your money."