Talking stocks, trading, and investing in general

GreenFrog · Nov 16, 2013

^ well done. very solid performance.

amerikajinda · Nov 16, 2013

Thanks! Haven't traded on margin or messed with puts/calls/options/futures or anything like that yet, but I'm intrigued by your experiences and the whole adrenaline rush.

GreenFrog · Nov 17, 2013

Honestly, I wouldn't recommend what I do unless you're risk-seeking and have big balls, really. At the end of the day, all I'm really doing is gambling with the house's money. Very, very risky behavior. I'm young and can afford this risk much more than someone in their late 20s / 30s / 40s, so you'll find that some of the more seasoned investors here take more conservative approaches, rightfully so.

Sometimes I stand back and evaluate what I'm doing and question how foolish my investing behavior really is, but I'm lusting after gains.. and big risk = big gains.

Anyway, I only day trade on margin when I have a couple hours on hand to monitor a stock. The stocks I pick to day trade aren't based on fundamentals at all. I simply screen which stocks have popped during the day and look for decent volume (liquidity), and high volatility. Then I monitor the stock's movements for the first couple of hours into the trading session. Then I trade on the stock's movement patterns. Some stocks that pop follow a really predictable up / down pattern and those are the ones I pick.

This past friday, for example. Bought into a position with ICLD, which popped 200%+. Extremely volatile swings and at one point, I was down almost 7% and panicking like crazy. Put in a limit order for a share price a couple percentage points above my cost basis and it hit that target within 10 minutes. Was satisfied with that until the stock literally popped again another 50% around 10 minutes after I sold. Could have made a cool five figures off of that 50% pop... but alas, that 7% drop earlier made me panic and want to get out ASAP. But... if I only I had waited a bit longer. Anyway, it could have very well dropped another 50% and that would have triggered a nasty margin call. It's a constant mind game of 'what if...' and that can be very stressful.

You can sense my frustration, even though I made decent coin on the trade anyway.

I hate how my mind works, sometimes.

polloloco · Nov 17, 2013

Stevent, all aboard the MJ train. Check out GWPH. Sativex for MS has already been approved in over 20 countries, and in the process of receiving US approval. GW is also partnering with Novartis for distribution in Oceania, and other parts. With their patents and continued research (clinical trials into treating types of brain tumors), they have some good potential to generate decent returns in near future.

amerikajinda · Nov 18, 2013

Philip1209 said:
[Disclosure: I own MU] I've enjoyed Micron (MU) and they have been gaining steadily. They make SSDs that I forsee being integral in new laptops and ipods.

sinnedk said:
I'm a light investor, pretty conservative and dont take crazy risks. I'll admit i dont know much about options but i do know a good deal . I want to share a tip of a company on the rise. Micron Technology, ticker MU, they make semiconductors, and have shown steady growth analysts said the stock is valued at $17 and is tarding at $11.26 currently. Glad someone put a thread like this up... Lets hope for a Bull market everyone!

I'm just now reading through this thread for the first time. Some good advice (in hindsight) here! Both these guys recommended Micron Technology (MU) a while back. I didn't see their posts at the time, but turns out to have been very prescient advice!

An article online today at Seeking Alpha also says there's still time to jump on the MU bandwagon:

http://seekingalpha.com/article/184...ing-to-rally-again-time-to-join-the-bandwagon

I picked up a little over a thousand shares at the beginning of the year at $6.52, sold some in May at $11.23, but let the rest ride all the way up to $17.65 when I locked in some gains a few weeks ago. Did I lock in too early? Today it's up over $19... :foo:

Another winner I locked in is VIVUS, Inc. (VVUS). [Disclaimer -- I own VVUS] Bought a couple thousand shares in March of this year at $10.66, rode it up to $14.88 where I locked in in July. It went all the way down to $9.37 earlier this month, so I decided to jump aboard again for the ride. Repurchased all my shares, and am currently up less than 2% but I think it can hit $14 again, at which point I'll (hopefully!) lock in more gains.

Also like MT which is up almost 17%.

[Disclaimer - I own MT] fwiw.

amerikajinda · Nov 18, 2013

GreenFrog said:
Honestly, I wouldn't recommend what I do unless you're risk-seeking and have big balls, really. At the end of the day, all I'm really doing is gambling with the house's money. Very, very risky behavior. I'm young and can afford this risk much more than someone in their late 20s / 30s / 40s, so you'll find that some of the more seasoned investors here take more conservative approaches, rightfully so.

Sometimes I stand back and evaluate what I'm doing and question how foolish my investing behavior really is, but I'm lusting after gains.. and big risk = big gains.

Anyway, I only day trade on margin when I have a couple hours on hand to monitor a stock. The stocks I pick to day trade aren't based on fundamentals at all. I simply screen which stocks have popped during the day and look for decent volume (liquidity), and high volatility. Then I monitor the stock's movements for the first couple of hours into the trading session. Then I trade on the stock's movement patterns. Some stocks that pop follow a really predictable up / down pattern and those are the ones I pick.

This past friday, for example. Bought into a position with ICLD, which popped 200%+. Extremely volatile swings and at one point, I was down almost 7% and panicking like crazy. Put in a limit order for a share price a couple percentage points above my cost basis and it hit that target within 10 minutes. Was satisfied with that until the stock literally popped again another 50% around 10 minutes after I sold. Could have made a cool five figures off of that 50% pop... but alas, that 7% drop earlier made me panic and want to get out ASAP. But... if I only I had waited a bit longer. Anyway, it could have very well dropped another 50% and that would have triggered a nasty margin call. It's a constant mind game of 'what if...' and that can be very stressful.

You can sense my frustration, even though I made decent coin on the trade anyway.

I hate how my mind works, sometimes.

Well you're having fun! :happy:

Just be careful.... but it sounds like you know what you're doing! :satisfied:

GreenFrog · Nov 18, 2013

Just another fool with his money

.

Stevent, I exited my TAN position. Made 6.95 profit on that trade lol. Gonna buy on a dip.

stevent · Nov 18, 2013

GreenFrog said:
Just another fool with his money .

Stevent, I exited my TAN position. Made 6.95 profit on that trade lol. Gonna buy on a dip.

Haha nice, just sold Tesla today and now I'll have minimized taxes though I do have some IPO shares with cost basis of pretty much 0% I sold earlier so no way I can avoid there

idfnl · Nov 18, 2013

amerikajinda said:
Thanks! Haven't traded on margin or messed with puts/calls/options/futures or anything like that yet, but I'm intrigued by your experiences and the whole adrenaline rush.

Don't **** with margin.

amerikajinda · Nov 18, 2013

idfnl said:
Don't **** with margin.

Wise advice! Think I'll stick to the basics idfnl! Although it is tempting... still, think I'll stay on the sidelines until I know what I'm doing.

jbarwick · Nov 18, 2013

Some people fear taxes on stock gains but it does mean you are gaining money. Now there are the offsets of selling a stinker that lost you a ton but winners paying taxes is nothing to be scared of.

amerikajinda · Nov 18, 2013

jbarwick said:
Some people fear taxes on stock gains but it does mean you are gaining money. Now there are the offsets of selling a stinker that lost you a ton but winners paying taxes is nothing to be scared of.

Oh yeah -- you always have to harvest your tax losses this time of year!

stevent · Nov 18, 2013

amerikajinda said:
Wise advice! Think I'll stick to the basics idfnl! Although it is tempting... still, think I'll stay on the sidelines until I know what I'm doing.

idfnl said:
Don't **** with margin.

Some margin is fine, I've made a lot of extra money through margin during college

jbarwick said:
Some people fear taxes on stock gains but it does mean you are gaining money. Now there are the offsets of selling a stinker that lost you a ton but winners paying taxes is nothing to be scared of.

Paying taxes means buying less shooz and potentially having to sell shooz as all my money goes right back into market. Doesn't hurt to take some losses to offset gains.

jbarwick · Nov 18, 2013

The only time taxes should really be worried about are when your money is making more for you than your day job. Hell and most people in this thread seem to be day trading and not holding long term so they are paying STCG anyway.

sinnedk · Nov 18, 2013

amerikajinda said:
I'm just now reading through this thread for the first time. Some good advice (in hindsight) here! Both these guys recommended Micron Technology (MU) a while back. I didn't see their posts at the time, but turns out to have been very prescient advice!

An article online today at Seeking Alpha also says there's still time to jump on the MU bandwagon:

http://seekingalpha.com/article/184...ing-to-rally-again-time-to-join-the-bandwagon

I picked up a little over a thousand shares at the beginning of the year at $6.52, sold some in May at $11.23, but let the rest ride all the way up to $17.65 when I locked in some gains a few weeks ago. Did I lock in too early? Today it's up over $19... :foo:

Another winner I locked in is VIVUS, Inc. (VVUS). [Disclaimer -- I own VVUS] Bought a couple thousand shares in March of this year at $10.66, rode it up to $14.88 where I locked in in July. It went all the way down to $9.37 earlier this month, so I decided to jump aboard again for the ride. Repurchased all my shares, and am currently up less than 2% but I think it can hit $14 again, at which point I'll (hopefully!) lock in more gains.

Also like MT which is up almost 17%.

[Disclaimer - I own MT] fwiw.

well wish i held micron :-(

what do you guys think of zynga? looks like its recovering

Talking stocks, trading, and investing in general

Stylish Dinosaur

Distinguished Member

Stylish Dinosaur

Member

Distinguished Member

Distinguished Member

Stylish Dinosaur

Distinguished Member

Stylish Dinosaur

Distinguished Member

Distinguished Member

Distinguished Member

Distinguished Member

Distinguished Member

Stylish Dinosaur

FEATURED PRODUCTS

Similar threads

Featured Sponsor

Definitely full canvas only

Half canvas is fine

Really don't care

Depends on fabric

Depends on price

Forum Sponsors

Forum statistics

FOLLOW STYLEFORUM ON: