Thread #8066
i've been making some good money trading google and countrywide through it's peaks and valleys but the ride is intense! anybody else actively trading?
cfc- countrywide (bought after in plummet) Utsi- utstarcom Volt- voltaire Nflx- netflix Yge- yingli Gdi- gardner denver Ej- ehouse it constantly changes due to constant buying and selling but that's what I got right now...ill be buying luxotica (lux), bp and waste management (wmi) soon... The ride is intense...Its the only place where you can be down $25k and still have a smile on their face...haha
VIP-UCF;111110 wrote:cfc- countrywide (bought after in plummet)
Utsi- utstarcom
Volt- voltaire
Nflx- netflix
Yge- yingli
Gdi- gardner denver
Ej- ehouse
it constantly changes due to constant buying and selling but that's what I got right now...ill be buying luxotica (lux), bp and waste management (wmi) soon...
The ride is intense...Its the only place where you can be down $25k and still have a smile on their face...haha
[quote=VIP-UCF;111110]cfc- countrywide (bought after in plummet) Utsi- utstarcom Volt- voltaire Nflx- netflix Yge- yingli Gdi- gardner denver Ej- ehouse it constantly changes due to constant buying and selling but that's what I got right now...ill be buying luxotica (lux), bp and waste management (wmi) soon... The ride is intense...Its the only place where you can be down $25k and still have a smile on their face...haha[/quote] interesting mix! not sure when you got into netflix, but i think they are on the way up. right now nsany - nissan (those cars are flying off the lots) TM - toyota motors ttm - tata motors (can you tell i like car companies?) they're coming out w/ the 2500 dollar car in india google aapl vz I'm watching cfc pop 20% today, and slapping myself for selling for short gains earlier this week thinking that i'de see the stock down to sub 8 dollars.
This is a good thread. I'm not much of anything but we did buy GLD (gold) a few weeks back, and I bought a bunch of physical silver. I'm kinda feeling the precious metals right now.
i've been really interested in this for the last couple years. once my business evens out, i'll probably start pumping some profit into trading.
Just mutual funds
Just Real Estate...I have some rentals and I was flipping for a while till this market crashed.
zion_97;111144 wrote:Just Real Estate...I have some rentals and I was flipping for a while till this market crashed.
[quote=zion_97;111144]Just Real Estate...I have some rentals and I was flipping for a while till this market crashed.[/quote] shiet you tellin me. My rents have been trying to sell our summer home in Orlando for almost 1 year now. :pat:
No, but I am really interested in stocks, Any tips? thx
wo0t the Dow hit a record for 2007 today!
Wald GS;111210 wrote:No, but I am really interested in stocks, Any tips? thx
[QUOTE=Wald GS;111210]No, but I am really interested in stocks, Any tips? thx[/QUOTE] Yeah, here's a god tip...STOP MODDING! Haha...but seriously, just open an etrade account and buy something...that's what I did...I've been doing this for about 4 years and everything is self taught...and only invest what you're willing to lose... I don't have a desired portfolio...I know I should be more diversified but I go on how much noise the company and sector makes... Ej and yge and china based companies...ej is chinas largest real estate company and yge makes chips for chinas cell phone market...with chinas booming economy, more land to develop and more people with cell phones...makes sense right? I've been buying and selling nflx for 3 years now...I bought them in the august decline for 17 and will sell them again shortly...they are on their way up but I see bigger gains in waste management... Oh yeah, I also have oceanfreight (ocnf)...they have the largest fleet of 7 cargo ships and will be adding one more in the near future...they also have a good dividend payout... How often do you guys keep your shares? Short term, long term or depends? For me, I sell then I think the stock is nearing the top end otherwise ill keep it...and I never ever sell for a loss...
I am not familiar with stock stuffs, I was given some through fidelity with my old company and still have them but how much is a good amount to invest if you want to just get your feet wet? like $1k?????? Maybe I shoul dlook inti taking a class.
Who said, I modded, I'm done modding, now is the perfect time. =) hahahaah Anyhow, do stocks go up and down everyday? So if i buy a stock today, and it goes up, I can sell tomorrow? Or do I have to wait? thx
Damicci;111235 wrote:I am not familiar with stock stuffs, I was given some through fidelity with my old company and still have them but how much is a good amount to invest if you want to just get your feet wet? like $1k??????
Maybe I shoul dlook inti taking a class.
[quote=Damicci;111235]I am not familiar with stock stuffs, I was given some through fidelity with my old company and still have them but how much is a good amount to invest if you want to just get your feet wet? like $1k?????? Maybe I shoul dlook inti taking a class.[/quote] depends which stock(s) you buy...the more agressive one's, especially with a small market cap, you can double your money in a few days...but bigger companies tend to be more stale and gradually increase over a number of years...i like stocks that are risky and considered volitile...it's only risky if you don't know what your doing and don't research the company and/or sector... playing stocks is like a rollercoaster ride...they go up and down practically every second...it's not umcommon for some stocks to see 10% plus fluxuation in one day...i've owned a few that have seen 30% declines in one day...i've also had stocks where i bought stocks at $2.15 and sold a few months later for nearly $20...last i saw it, it's almost $40....
Damicci;111235 wrote:I am not familiar with stock stuffs, I was given some through fidelity with my old company and still have them but how much is a good amount to invest if you want to just get your feet wet? like $1k??????
Maybe I shoul dlook inti taking a class.
[quote=Damicci;111235]I am not familiar with stock stuffs, I was given some through fidelity with my old company and still have them but how much is a good amount to invest if you want to just get your feet wet? like $1k?????? Maybe I shoul dlook inti taking a class.[/quote] a thousand dollars isn't going to get you very far. you could purchase shares in 1 to 2 companies at most, or put it into a mutual fund. you can invest in a mutual fund, but it is neither guaranteed income, a more sound investment (considering there are hundreds of them to choose from), and definitely a less useful learning tool for when one day you are not investing 1k, but 100k. I would suggest finding a online broker such as etrade or tdameritrade and depositing at least $5k to start. $10K would be a good working war chest. and then start reading. watch cnbc, to see what's going on in the world. read online/book that teaches you the jargon. it turns into a fun hobby. I made $1k in the past month trading stocks on my down time.
Wald GS;111254 wrote:Who said, I modded, I'm done modding, now is the perfect time. =)
hahahaah
Anyhow, do stocks go up and down everyday? So if i buy a stock today, and it goes up, I can sell tomorrow? Or do I have to wait? thx
[quote=Wald GS;111254]Who said, I modded, I'm done modding, now is the perfect time. =) hahahaah Anyhow, do stocks go up and down everyday? So if i buy a stock today, and it goes up, I can sell tomorrow? Or do I have to wait? thx[/quote] if you buy a stock, and own it for less than 1 year, you pay capital gains tax at (assumed) ~35-40%. if you hold over a year, it drops to 15%. like VIP - UCF, i trade quite a bit. And get a huge rush out of the volatility. It's a bit like gambling at the casino, except your "brains" get more stimulated. some brokerages have limits on day trading (buy and sell the same stock the same day) so you will have to have x dollars minimum in your account.
hey guys, can u guys reply what broker u guys are using and how much u are charged per trade...?? personally using schwab but heard about some cheaper ones....
i've been using etrade for the last 3-4 years...their trades are $15/per and right now they have some promotional special offering 30 free trades or something...and if you guys don't trade a lot, that will last you a loooong time...etrade has great customer service...whenever i have questions about my account or funds, they give quick answers... personally, i started my etrade account with $500 back when i was in the military...i started buying large quantities of penny stocks...stocks around $2-$3...at first, i lost a couple hundred, studied why, put more money into my account, lost more money, studied why and how...put more money in and started making some profit...you'll learn more from losing than you do from gaining...like i said, it depends on the investor...some may get discouraged and quit but if you really have the desire to make money, you'll stick with it and grow... a great book to read is "a walk down wall street" by peter lynch...i read it once every couple years... i'm so confident in my knowledge of stocks, i even buy on margin...buying on margin is something i DO NOT suggest...so please don't do it...haha...
I use tdameritrade, and they charge $9.99 per trade - limit or market. (they used to charge more for limit) they also have a promo, i think it's free trades for 60 days or something like that. there's a major one out there at $6.99, but i forget who it is.
G33kY97;111560 wrote:I use tdameritrade, and they charge $9.99 per trade - limit or market. (they used to charge more for limit)
they also have a promo, i think it's free trades for 60 days or something like that.
there's a major one out there at $6.99, but i forget who it is.
scottrade is at $7 / trade...btw someone else posted about a book 'a walk down wall street' by peter lynch... i searched but only book close by peter lynch was called 'one up on wall street'.... u sure it's not another author....??? [QUOTE=G33kY97;111560]I use tdameritrade, and they charge $9.99 per trade - limit or market. (they used to charge more for limit) they also have a promo, i think it's free trades for 60 days or something like that. there's a major one out there at $6.99, but i forget who it is.[/QUOTE]
NPatel;111587 wrote:scottrade is at $7 / trade...btw someone else posted about a book 'a walk down wall street' by peter lynch... i searched but only book close by peter lynch was called 'one up on wall street'.... u sure it's not another author....???
[quote=NPatel;111587]scottrade is at $7 / trade...btw someone else posted about a book 'a walk down wall street' by peter lynch... i searched but only book close by peter lynch was called 'one up on wall street'.... u sure it's not another author....???[/quote] shit, my bad...its not "a walk down wallstreet"...its actually called "one up on wall street"...