Anybody who dabbles in daytrading

[asroc]

Ultrashort S&P

Symbol: SDS

Bear day tomorrow.

[SeniorChief]

Ultrashort S&P

Symbol: SDS

Bear day tomorrow.

Another brilliant prediction folks by Carnac the Magnificent


http://routingbyrumor.files.wordpress.com/2008/01/carnac-the-magnificent.jpg

http://www.youtube.com/watch?v=agFe6h2GvRU

[SeniorChief]

Almost mid-day and it's down a whole $2

A real roller coaster "Bear" day it's having....:lmao2:

(pssst - don't quit your day job Asroc!) :lmao2:

[asroc]

http://finance.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chdet=1227646800000&chddm=391&q=NYSE:SDS&ntsp=0

If you bought at opening, you'd be up five points right now on a shitty day. Down $2? I don't know what you mean.

At 11:15, when you posted, it was up by $6. You don't really know what you're talking about. You know "bear" means "bad", right?

I didn't say it would be a Christmas miracle, just a safe place to stash some money for a day.

[SeniorChief]

You know "bear" means "bad", right?



Yes - BAD is an understatement.

Stick to your day job - you'd never cut it as a trader.

BTW - yesterday I bought 500 shares of Ford. I was considering GM (also cheap), however, I believe Ford is going to be the most successful of the big three and I am going to make a killing on this purchase down the road.

Bookmark this prediction Cleatus.

[asroc]

500 shares of F. You either bought it at opening yesterday, in which case you're fucked.

Or, you're a nickel & dimer buying buck and half shares by the hundreds.

[SeniorChief]

500 @ like a buck and a half.

You're a nickel & dimer, huh?

I wasn't even planning on making the purchase. My dentist (yesterday) and I were having the discussion - he just bought a new GX and he's always giving me shit about buying Japanese and or German. "Don't you ever buy anything American," he used to say to me all the time - and he goes out and gets a Black GX - LOADED !!!

Anyhow, we were talking about Citi and then the Big 3 auto failures - and we decided - hell, it's cheap, why not buy 500 of Ford (we discussed the other two as well but settled on Ford) just for shits and giggles. When I got home, I called my Merrill Lynch dude and he made it happen.

Now that you have all the details, you feel better?

[asroc]

Hrm, so you didn't buy it. Oh well.

It wouldn't have been that dumb, it's sort of a safety stock.

F has pretty much already hit the floor, barring complete firesale (not entirely unlikely) it has nowhere to go but up long term.

In any case, if you put $5k into SDS at opening, at this moment you'd be up $382 for the day.

Not bad for never changing out of your pajamas.

[SeniorChief]

God are you dumb.

[asroc]

Gee, I was just telling you that the stock you said you bought, and then you said you didn't buy, wasn't the worst idea ever.

[SeniorChief]

You know "bear" means "bad", right?



Is it going to commence a rapid "tanking" soon? It's almost the end of the day....

[asroc]

Is this where you try to win a semantic victory by defining a "bear day" as a massive loss instead of relative stagnation compared to the huge bounce of the past two days?

[SeniorChief]

Is this where you try to win a semantic victory by defining a "bear day" as a massive loss instead of relative stagnation compared to the huge bounce of the past two days?

No, this is where it becomes pathetically obvious that your predictions are wrong again - as usual.

[asroc]

You say this in a thread where I was correct by any objective analysis.

You should at least make that sort of argument about something less concrete, like a social issue. But no, you choose to argue against hard numbers.

If you would have bought the single stock I mentioned in the thread, you'd have more money right now.

Now, I sold out at 2, right before it slid down. But even if I hadn't, I'd be up from the morning.

I bought at 94.16 and sold at 101.40.

In any case, you can claim victory any which way you want. I have my $570 to comfort me.

[SeniorChief]

If you would have bought the single stock I mentioned in the thread, you'd have more money right now.

It closed yesterday at 100.10

right now

it's 97.74

So if I bought 10,000 of these at 100.10 and right now they're 97.74, I have more money?

Are you a fucking moron or do you simply need a fucking calculator?

[asroc]

It closed yesterday at 100.10

right now

it's 97.74

So if I bought 10,000 of these at 100.10 and right now they're 97.74, I have more money?

Are you a fucking moron or do you simply need a fucking calculator?

I didn't say buy it "yesterday" or "right now". I wrote the thread last night after closing.

You don't hold ultrashort stocks for more than a day unless you're completely stupid, so today compared to yesterday is not relevant.

On top of that, you'd need a time machine to have bought it yesterday based on anything I said. I said to buy at open today.

Are you mad I didn't hold your hand or something?

[SeniorChief]

Are you mad I didn't hold your hand or something?

Oh hell no. I don't buy based on kook's on the Internet's predictions. Only an idiot would (ahem).

[asroc]

This kook brought in 5% today.

[Mr. Blue]

I'd rather play poker than attempt day trading.

[asroc]

Honestly, so would I.

I just mess around with some play money daily. I have a lot of idiot proof stock for the long run.

[SeniorChief]

Honestly, so would I.

I just mess around with some play money daily. I have a lot of idiot proof stock for the long run.


SDS change yesterday - 0.00 (0.00%)

What a bear day....:lmao2:

http://i45.photobucket.com/albums/f95/tripp_p1/2d2afb89.jpg

[asroc]

It's a daytrader's stock, SeniorChief. You buy it at opening when you think the day will be bad. You sell it when you're like 3-10% up. You don't keep it for the long haul.

I didn't say you should put it in your 401k, stop acting like I did.

By the way, if you had bought F, you'd be up at this moment. : P

[Moby]

Senior, Asroc did mention that it was for day traders and the stock moved quite a bit which is good for day traders. All the day traders that I know don't care if a stock goes up or down as long as it moves a lot.

I don't know a lot about it but it appears you don't either. It appears from that chart that at least 5 times the stock had some nice peaks and valleys and that's where my friends but, sell and profit.

I'd have to plug the numbers into SPSS but it looks like it could have made some day traders a lot of money.

[SeniorChief]

Senior, Asroc did mention that it was for day traders and the stock moved quite a bit which is good for day traders. All the day traders that I know don't care if a stock goes up or down as long as it moves a lot.

I don't know a lot about it but it appears you don't either. It appears from that chart that at least 5 times the stock had some nice peaks and valleys and that's where my friends but, sell and profit.

I'd have to plug the numbers into SPSS but it looks like it could have made some day traders a lot of money.

The point I was attempting to make - repeatedly - is from his original posts, he alleged it was going to be a Bear Day and it turned out to be 00.00% - FLAT, nada, zip.

I will attempt to dumb down my future posts even further for all to understand.

[asroc]

SeniorChief, I didn't say a bear market. I said a day, and it was, in comparison to the unprecedented two day spike preceding it.

Some people were expecting another day of +500, I was saying that it was going to be a bear compared to that expectation.

SDS change yesterday - 0.00 (0.00%)

What a bear day....:lmao2:

See, this is just stupid. You're referring to a single stock as if it's my prediction for the dow itself, I was saying that's a good stock to put some money in for the day. And it was, if you got in at open and sold at 2pm, you got 5%.

You said you bought some Ford, and then you said that you didn't. Who's the idiot here?

As I said before, you've done nothing but stumble all over yourself in this thread, so you're trying to eek out some sort of nitpicky semantic victory.

You can have it, enjoy.

[Moby]

The point I was attempting to make - repeatedly - is from his original posts, he alleged it was going to be a Bear Day and it turned out to be 00.00% - FLAT, nada, zip.

I will attempt to dumb down my future posts even further for all to understand.
Again you're arguing a point that doesn't exist. He was talking about DAY TRADING which is very different.

I think you just like to argue even if you have to pick issues that are totally unrelated to the topic.

[asroc]

You know, a normal board might take an original post about a stock for the day and maybe talk about stocks and investment strategies and whatever. Have some sort of rational discussion.

But this is what we get here. A guy basically arguing with himself.

[SeniorChief]

Again you're arguing a point that doesn't exist.

Why do you continue to lecture me?

Moderate, asshole.

Operate under the radar, like a Moderator vs confronting me with your bullshit and questions every time I post.

As far as I am concerned, you contribute JACK SHIT in this forum. How you were "selected" as Mod is beyond me.

Please share.

[Moby]

You know, a normal board might take an original post about a stock for the day and maybe talk about stocks and investment strategies and whatever. Have some sort of rational discussion.

But this is what we get here. A guy basically arguing with himself.
There's a lot of hate and anger out there that needs to be released. I hope people eventually find a way to stop hating others.

[SeedyROM]

A more porfitable play could have been executed with stock options. Preferably index options with 5 to 6 months before expiration. I sat out, fyi. With options a 1% drop in the index equates to a 10% gain in the options. A lot of leverage with limited risk and significant gains. A ten percent drop equals a 100% gain with options. Better to risk several hundred $$$ per contract than to hang the noose and swing $50k on one trade.