Stock traders
09-18-2009 | 04:15 PM
#2
Senior Members
Joined: Apr 2009
Posts: 852
Likes: 0
From: 11791
My Ride: 2008 BMW 535XI white
Model Year: 2008
Originally Posted by tex_phil' post='1011406' date='Sep 18 2009, 08:06 PM
Any stock traders on the forum? Got burned last year, but have been getting back into it recently. What do you guys mostly move most?
i am a day trader on stocks too
09-18-2009 | 04:24 PM
#3
Contributors
Joined: Dec 2007
Posts: 8,998
Likes: 1
From: St. Louis Burbs, USA
My Ride: 2007 530i. Purchased 6/28/07. Titanium Silver Metallic, Black Dakota Leather, Dark Poplar Trim, Steptronic, Premium Package, Cold Weather Package, Bluetooth, Adaptive Control Xenons. 10/30/07 Added OEM 124s with 245/40/18 & 275/35/18 Michelin Pilot Sport A/S tires. Installed red Cal Covers� from BavAuto. 11/21/07 Added OEM all-weather floor mats (for winter, carpet in summer) and coat rack. 6/26/08 installed M5-style rear spoiler. 6/30/08 put on red reflectors. 8/22/08 Euro turn signal stickers applied. 3/20/09 Installed Shadowline Trim. 3/27/09 Added Matte Black Kidney Grilles from Trinity. 4/03/09 Installed Bimmian Shadow Matte Black 530i Badges. 4/04/09 Installed LED license plate lights from Trinity. 5/01/09 Installed Brabus Interior LED Kit and White Angel Eyes. 5/02/09 Put in Brabus 6K Fogs. 5/14/09 Removed charcoal filter. 5/15/09 Installed light smoke LED side marker lamps from Trinity. 5/21/09 Sprint Booster. 6/12/09 Painted exhaust tips flat black. 6/13/09 Pulled red Cal Covers and painted calipers low gloss black. 6/27/09 RPI Ram Air Scoop from Trinity. 8/15/09 Installed Brabus's silver invisibulbs front and rear. 9/24/09 Installed R-Dash license plate LEDs from Brabaus (John).
How much would you like to lose? I've got picks anywhere from 20 to 60%. Let me know.
09-18-2009 | 05:16 PM
#4
Senior Members
Joined: Apr 2009
Posts: 852
Likes: 0
From: 11791
My Ride: 2008 BMW 535XI white
Model Year: 2008
Originally Posted by CWS530' post='1011426' date='Sep 18 2009, 08:24 PM
How much would you like to lose? I've got picks anywhere from 20 to 60%. Let me know.
i dont recommand naked short, just my opinion
09-18-2009 | 08:53 PM
#6
Contributors
Joined: Nov 2008
Posts: 1,594
Likes: 0
From: Europe
Anyone for a couple of cool trading stories from my 1998-2000 trading days ? Skip this message if you don't care 
This was the peak of the internet bubble. It was during this time that "the CNBC effect" was well into it's swing. Every time any talking head on that channel said anything good about a stock, it would instantly get a big bump. It was only later that the effect reversed and any time a stock was mentioned (even if it was positively discussed) the stock would bump a little bit and then the short sellers would hit it hard and either panic those who just bought into selling, or hit their stop-loss triggers. Both ways could make you money if you knew how to play it.
So anyway, it was some time in 1999 I think, and I had made the decision to buy 100 shares of SATH (Shop-At-Home). An internet retailer that I figured was going to rise a bit over the next few weeks. The price of it was $10.00 at the time. I was diversifying my portfolio quite a bit, so it was a modest investment. In the very second my mouse was about to click on the "BUY" button, they started talking about it on CNBC and it was sounding positive. As quick as I possibly could I clicked into the number of shares box and added two zeroes to make it 10,000 shares and clicked BUY. I got them almost immediately at $10.00. As I already had my order filled out, I was ahead of the crowd and ready to benefit from the CNBC effect. Within a minute it was up to $11.00 on the bid. As I knew I'd changed my strategy to a short-term trade, I had my sell order ready to go and clicked sell and got that $11 (across several smaller trades). It never went higher than about $11.25 over the next couple of minutes and then it was slammed and was back at exactly $10.00 again before the CNBC guys had even finished their segment on it. That was my best ever single minute of trading, to get $10,000 profit instantly. It was a one-off, I wasn't trading like that normally. My normal MO was to research, look at the charts and hold a few days/weeks.
My other wild ride was one where I'd bought 10,000 shares of a company (at $5.00 each) and had seen the price rise to $10.00 each. I was so interested in the company that I even went to New York to a launch party of one of their products. It was during that trip that the CEO was to appear on CNBC with an announcement of some kind. I was computer-less on that trip and didn't know that the stock had risen to $35.00 a share on the anticipation of some company-transforming kind of revelation to come. It never happened and the stock dived to $24.00 by the end of that CNBC appearance day. I heard about it back in my hotel room and of course would love to have thought I'd have sold exactly at that $35 top but you never know when you'd have gotten out. Anyway, it was in my mind "up to" $24 so I was well pleased. That wasn't the end of the decline though. By the time I'd got back home it had fallen further down to $16, which was a fair price based on the much lower than anticipated importance of what was really announced on CNBC. With me about to go on vacation, I set my stop-loss at $15 and went away and hit it and got out clean the next day. A healthy gain of 200%, but sad not to have got that 6-bagger when it was at $35.
From my initial account funding in mid 1998 to the end of 1999, my account balance had doubled in size. By the end of April 2000 I'd lost almost half of that, so I was back to my original mid 98 amount. It was after this devastating paper loss that I sold up all my shares and transferred all my money out of my trading account and back into the bank and I've never touched the stock market since. I count myself really lucky that at the end of the day I got out even when all was said and done (after taxes were sorted out). Although by the end of April 2000 there had already been a crash. I think the Nasdaq had fallen from around 5000 to around 4000, and people were saying it was a massive crash at the time. Who knew it would drop to below 2000 over the next year or so. I didn't. I never thought it would do that, I just thought it's the end of the bubble. The end of easy money and I wanted safety.
I bet there's some really big opportunities with a market this low. I think if you'd invested at the start of this year in the S&P500 stocks, you'd be up nearly 100% right now. It's looking unstable though. Time for a re-test before the end of the year? Maybe. The V bottom is a rare thing. I'm still staying out though.
This was the peak of the internet bubble. It was during this time that "the CNBC effect" was well into it's swing. Every time any talking head on that channel said anything good about a stock, it would instantly get a big bump. It was only later that the effect reversed and any time a stock was mentioned (even if it was positively discussed) the stock would bump a little bit and then the short sellers would hit it hard and either panic those who just bought into selling, or hit their stop-loss triggers. Both ways could make you money if you knew how to play it.
So anyway, it was some time in 1999 I think, and I had made the decision to buy 100 shares of SATH (Shop-At-Home). An internet retailer that I figured was going to rise a bit over the next few weeks. The price of it was $10.00 at the time. I was diversifying my portfolio quite a bit, so it was a modest investment. In the very second my mouse was about to click on the "BUY" button, they started talking about it on CNBC and it was sounding positive. As quick as I possibly could I clicked into the number of shares box and added two zeroes to make it 10,000 shares and clicked BUY. I got them almost immediately at $10.00. As I already had my order filled out, I was ahead of the crowd and ready to benefit from the CNBC effect. Within a minute it was up to $11.00 on the bid. As I knew I'd changed my strategy to a short-term trade, I had my sell order ready to go and clicked sell and got that $11 (across several smaller trades). It never went higher than about $11.25 over the next couple of minutes and then it was slammed and was back at exactly $10.00 again before the CNBC guys had even finished their segment on it. That was my best ever single minute of trading, to get $10,000 profit instantly. It was a one-off, I wasn't trading like that normally. My normal MO was to research, look at the charts and hold a few days/weeks.
My other wild ride was one where I'd bought 10,000 shares of a company (at $5.00 each) and had seen the price rise to $10.00 each. I was so interested in the company that I even went to New York to a launch party of one of their products. It was during that trip that the CEO was to appear on CNBC with an announcement of some kind. I was computer-less on that trip and didn't know that the stock had risen to $35.00 a share on the anticipation of some company-transforming kind of revelation to come. It never happened and the stock dived to $24.00 by the end of that CNBC appearance day. I heard about it back in my hotel room and of course would love to have thought I'd have sold exactly at that $35 top but you never know when you'd have gotten out. Anyway, it was in my mind "up to" $24 so I was well pleased. That wasn't the end of the decline though. By the time I'd got back home it had fallen further down to $16, which was a fair price based on the much lower than anticipated importance of what was really announced on CNBC. With me about to go on vacation, I set my stop-loss at $15 and went away and hit it and got out clean the next day. A healthy gain of 200%, but sad not to have got that 6-bagger when it was at $35.
From my initial account funding in mid 1998 to the end of 1999, my account balance had doubled in size. By the end of April 2000 I'd lost almost half of that, so I was back to my original mid 98 amount. It was after this devastating paper loss that I sold up all my shares and transferred all my money out of my trading account and back into the bank and I've never touched the stock market since. I count myself really lucky that at the end of the day I got out even when all was said and done (after taxes were sorted out). Although by the end of April 2000 there had already been a crash. I think the Nasdaq had fallen from around 5000 to around 4000, and people were saying it was a massive crash at the time. Who knew it would drop to below 2000 over the next year or so. I didn't. I never thought it would do that, I just thought it's the end of the bubble. The end of easy money and I wanted safety.
I bet there's some really big opportunities with a market this low. I think if you'd invested at the start of this year in the S&P500 stocks, you'd be up nearly 100% right now. It's looking unstable though. Time for a re-test before the end of the year? Maybe. The V bottom is a rare thing. I'm still staying out though.
09-19-2009 | 03:50 AM
#7
Senior Members
Joined: Apr 2009
Posts: 852
Likes: 0
From: 11791
My Ride: 2008 BMW 535XI white
Model Year: 2008
Originally Posted by DD_545i' post='1011554' date='Sep 19 2009, 12:53 AM
Anyone for a couple of cool trading stories from my 1998-2000 trading days ? Skip this message if you don't care
This was the peak of the internet bubble. It was during this time that "the CNBC effect" was well into it's swing. Every time any talking head on that channel said anything good about a stock, it would instantly get a big bump. It was only later that the effect reversed and any time a stock was mentioned (even if it was positively discussed) the stock would bump a little bit and then the short sellers would hit it hard and either panic those who just bought into selling, or hit their stop-loss triggers. Both ways could make you money if you knew how to play it.
So anyway, it was some time in 1999 I think, and I had made the decision to buy 100 shares of SATH (Shop-At-Home). An internet retailer that I figured was going to rise a bit over the next few weeks. The price of it was $10.00 at the time. I was diversifying my portfolio quite a bit, so it was a modest investment. In the very second my mouse was about to click on the "BUY" button, they started talking about it on CNBC and it was sounding positive. As quick as I possibly could I clicked into the number of shares box and added two zeroes to make it 10,000 shares and clicked BUY. I got them almost immediately at $10.00. As I already had my order filled out, I was ahead of the crowd and ready to benefit from the CNBC effect. Within a minute it was up to $11.00 on the bid. As I knew I'd changed my strategy to a short-term trade, I had my sell order ready to go and clicked sell and got that $11 (across several smaller trades). It never went higher than about $11.25 over the next couple of minutes and then it was slammed and was back at exactly $10.00 again before the CNBC guys had even finished their segment on it. That was my best ever single minute of trading, to get $10,000 profit instantly. It was a one-off, I wasn't trading like that normally. My normal MO was to research, look at the charts and hold a few days/weeks.
My other wild ride was one where I'd bought 10,000 shares of a company (at $5.00 each) and had seen the price rise to $10.00 each. I was so interested in the company that I even went to New York to a launch party of one of their products. It was during that trip that the CEO was to appear on CNBC with an announcement of some kind. I was computer-less on that trip and didn't know that the stock had risen to $35.00 a share on the anticipation of some company-transforming kind of revelation to come. It never happened and the stock dived to $24.00 by the end of that CNBC appearance day. I heard about it back in my hotel room and of course would love to have thought I'd have sold exactly at that $35 top but you never know when you'd have gotten out. Anyway, it was in my mind "up to" $24 so I was well pleased. That wasn't the end of the decline though. By the time I'd got back home it had fallen further down to $16, which was a fair price based on the much lower than anticipated importance of what was really announced on CNBC. With me about to go on vacation, I set my stop-loss at $15 and went away and hit it and got out clean the next day. A healthy gain of 200%, but sad not to have got that 6-bagger when it was at $35.
From my initial account funding in mid 1998 to the end of 1999, my account balance had doubled in size. By the end of April 2000 I'd lost almost half of that, so I was back to my original mid 98 amount. It was after this devastating paper loss that I sold up all my shares and transferred all my money out of my trading account and back into the bank and I've never touched the stock market since. I count myself really lucky that at the end of the day I got out even when all was said and done (after taxes were sorted out). Although by the end of April 2000 there had already been a crash. I think the Nasdaq had fallen from around 5000 to around 4000, and people were saying it was a massive crash at the time. Who knew it would drop to below 2000 over the next year or so. I didn't. I never thought it would do that, I just thought it's the end of the bubble. The end of easy money and I wanted safety.
I bet there's some really big opportunities with a market this low. I think if you'd invested at the start of this year in the S&P500 stocks, you'd be up nearly 100% right now. It's looking unstable though. Time for a re-test before the end of the year? Maybe. The V bottom is a rare thing. I'm still staying out though.
This was the peak of the internet bubble. It was during this time that "the CNBC effect" was well into it's swing. Every time any talking head on that channel said anything good about a stock, it would instantly get a big bump. It was only later that the effect reversed and any time a stock was mentioned (even if it was positively discussed) the stock would bump a little bit and then the short sellers would hit it hard and either panic those who just bought into selling, or hit their stop-loss triggers. Both ways could make you money if you knew how to play it.
So anyway, it was some time in 1999 I think, and I had made the decision to buy 100 shares of SATH (Shop-At-Home). An internet retailer that I figured was going to rise a bit over the next few weeks. The price of it was $10.00 at the time. I was diversifying my portfolio quite a bit, so it was a modest investment. In the very second my mouse was about to click on the "BUY" button, they started talking about it on CNBC and it was sounding positive. As quick as I possibly could I clicked into the number of shares box and added two zeroes to make it 10,000 shares and clicked BUY. I got them almost immediately at $10.00. As I already had my order filled out, I was ahead of the crowd and ready to benefit from the CNBC effect. Within a minute it was up to $11.00 on the bid. As I knew I'd changed my strategy to a short-term trade, I had my sell order ready to go and clicked sell and got that $11 (across several smaller trades). It never went higher than about $11.25 over the next couple of minutes and then it was slammed and was back at exactly $10.00 again before the CNBC guys had even finished their segment on it. That was my best ever single minute of trading, to get $10,000 profit instantly. It was a one-off, I wasn't trading like that normally. My normal MO was to research, look at the charts and hold a few days/weeks.
My other wild ride was one where I'd bought 10,000 shares of a company (at $5.00 each) and had seen the price rise to $10.00 each. I was so interested in the company that I even went to New York to a launch party of one of their products. It was during that trip that the CEO was to appear on CNBC with an announcement of some kind. I was computer-less on that trip and didn't know that the stock had risen to $35.00 a share on the anticipation of some company-transforming kind of revelation to come. It never happened and the stock dived to $24.00 by the end of that CNBC appearance day. I heard about it back in my hotel room and of course would love to have thought I'd have sold exactly at that $35 top but you never know when you'd have gotten out. Anyway, it was in my mind "up to" $24 so I was well pleased. That wasn't the end of the decline though. By the time I'd got back home it had fallen further down to $16, which was a fair price based on the much lower than anticipated importance of what was really announced on CNBC. With me about to go on vacation, I set my stop-loss at $15 and went away and hit it and got out clean the next day. A healthy gain of 200%, but sad not to have got that 6-bagger when it was at $35.
From my initial account funding in mid 1998 to the end of 1999, my account balance had doubled in size. By the end of April 2000 I'd lost almost half of that, so I was back to my original mid 98 amount. It was after this devastating paper loss that I sold up all my shares and transferred all my money out of my trading account and back into the bank and I've never touched the stock market since. I count myself really lucky that at the end of the day I got out even when all was said and done (after taxes were sorted out). Although by the end of April 2000 there had already been a crash. I think the Nasdaq had fallen from around 5000 to around 4000, and people were saying it was a massive crash at the time. Who knew it would drop to below 2000 over the next year or so. I didn't. I never thought it would do that, I just thought it's the end of the bubble. The end of easy money and I wanted safety.
I bet there's some really big opportunities with a market this low. I think if you'd invested at the start of this year in the S&P500 stocks, you'd be up nearly 100% right now. It's looking unstable though. Time for a re-test before the end of the year? Maybe. The V bottom is a rare thing. I'm still staying out though.
10-08-2009 | 10:01 AM
#9
Senior Members
Joined: Feb 2005
Posts: 551
Likes: 0
From: NYC
My Ride: 2006 525
a wise man once said; the market can remain irrational alot longer than you can stay solvent. i tried shorting at the beginning of september and quickly got stopped out.
i'll play along.....
went long RIMM this week at 66.
s/l at 60, t/p at ~88ish.
good luck all
i'll play along.....
went long RIMM this week at 66.
s/l at 60, t/p at ~88ish.
good luck all
Thread
Thread Starter
Forum
Replies
Last Post
timmay77
E61 Touring Discussion
7
09-24-2015 09:38 AM