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Talking stocks, trading, and investing in general

Discussion in 'Business, Careers & Education' started by mikeman, Feb 2, 2011.

  1. idfnl

    idfnl Senior member

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    VA
    

    True that. At 25 I had an account COMPLETELY emptied via margin calls.

    GF, you're young and willing to take risks, but I strongly advise you to not trade with margin. You are correct, its a matter of when not if. The next market downturn you're leveraged against will settle it.

    Margin is a suckers game.
     
    Last edited: Nov 25, 2013
  2. stevent

    stevent Senior member

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    College I traded on margin with options, up 200% or so with money I earned working high school and freshmen year. Got lucky I suppose though don't do it now that portfolio is much larger
     
  3. stevent

    stevent Senior member

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    Emotions aside I think stock is a solid bet for next year, debating whether to unload Gilead to buy more. Gilead gains solid but still like company as well

    Took my loss on Chegg and SJM today as well think I'm going to buy more Santander
     
  4. amerikajinda

    amerikajinda Senior member

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    Last edited: Nov 26, 2013
  5. GreenFrog

    GreenFrog Senior member

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    Back to back to back to back meetings today.

    Sucks when my day job gets in the way of my day trading :(
     
  6. lawyerdad

    lawyerdad Senior member

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    Just post your account login deets and we'll trade for you.
     
    1 person likes this.
  7. amerikajinda

    amerikajinda Senior member

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    Can I ask which service/brokerage house you go through for your day trading?
     
    Last edited: Nov 26, 2013
  8. idfnl

    idfnl Senior member

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    Interactive Brokers - who else??
     
    1 person likes this.
  9. amerikajinda

    amerikajinda Senior member

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    ^^ThinkOrSwim!!! No? Anyone use them?
     
    Last edited: Nov 26, 2013
  10. GreenFrog

    GreenFrog Senior member

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    Sure, just make sure to fund my brokerage account.

    Minimum deposit of $50,000, biatch. And that's WITH the SF discount.


    Fidelity
     
  11. amerikajinda

    amerikajinda Senior member

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    Yay my book just arrived! I'm gonna be a day trader too!![​IMG]


    Sent from my iPhone using Tapatalk
     
  12. GreenFrog

    GreenFrog Senior member

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    Some good LEIs today -- very pleased to hear the higher consumer sentiment number. Should be a good retail holiday season.

    Pretty happy about AAPL's activity lately, too :slayer:.

    As for today's day trade target: ELTK
     
    Last edited: Nov 27, 2013
  13. stevent

    stevent Senior member

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    HPQ paid off, bought a bit on margin yesterday with all this margin talk :slayer:

    Sales are crazy this year, don't remember this much since 2011
     
    1 person likes this.
  14. jbarwick

    jbarwick Senior member

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    Bitcoin over $1,000. Wonder what the winklevoss's bought it for? I bet there are a few millionaire kids just hanging out after spending $20 on some a while ago.
     
  15. idfnl

    idfnl Senior member

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    They'll hold it too long and lose most of it.
     
  16. amerikajinda

    amerikajinda Senior member

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    I read an article a few months back about some guy who put ALL his money (even maxed out his credit cards) into Bitcoin... Wonder if he's cashed out yet or whether he's going to ride it all the way down to nothing.


    Sent from my iPhone using Tapatalk
     
  17. idfnl

    idfnl Senior member

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    I would never touch it because its too hard to judge if it has any legs or not.

    It very well many, but its too risky.
     
  18. otc

    otc Senior member

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    The key would not be people who threw some money at it early on.

    It would be the kids who thought it sounded cool and started mining early on. Mining is pretty hard these days (you need specialized hardware to be truly effective), but way back when, mining with a normal CPU would generate a few coins...if you got a GPU based setup going early on (on your gaming rig, using mom and dad or the dorm's electricity so you didn't care about running at 100% 24/7), you could have built up some decent coins.

    I wish I had done some mining, but I thought it sounded dumb. Probably would have sold during one of the early bubbles though...
     
  19. cdubyee

    cdubyee Member

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    Feb 23, 2012
    Anyone have a good day trading service to recommend? Realized way too long that Schwab and Scotrade are no bueno for any kind of quick trades, or trades in general ($7 a pop is not fun to stomach).
     
  20. GreenFrog

    GreenFrog Senior member

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    Liquidity fucking dried up because everyone's heading out for holiday travels.

    No good for me :(.

    NOT ENOUGH VOLATILITY!!
     

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