BustedS13

between naps and that game you play on the parking lot with a parachute

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BustedS13

alright guys here's a few i've been watching today:

GRO
http://finance.yahoo.com/q/bc?s=GRO&...=on&z=m&q=l&c=

ABK
http://finance.yahoo.com/q?s=ABK
Ambac Financial Group. check out that crash. they're at an alltime low right now.

ILA
http://finance.yahoo.com/q/bc?s=ILA&...=on&z=m&q=l&c=
Aquila Inc. i have a chunk in this, i bought it at 3.32 this morning.

BLG
http://finance.yahoo.com/q?s=BLG

BE
http://finance.yahoo.com/q?s=BE
Bearingpoint has dropped about 6% today. i might get in low here in a minute.

MGI
http://finance.yahoo.com/q?s=BE
moneygram's pretty low at the moment, they're having an alright day, but there's a lawsuit coming up. i'm not sure if it'd be wise to touch this stock at all.

F
http://finance.yahoo.com/q/bc?s=F&t=5d
Ford had a big spike at open, now they're down a bit. if they go down a little more i might get in before close.

XJT
http://finance.yahoo.com/q?s=XJT
expressJet holdings

TMA
http://finance.yahoo.com/q/bc?s=TMA&...=on&z=m&q=l&c=
Thornburg Mortgage. if you've seen the news in the last six months you can guess why this stock is going down hard. i wish i had the balls to pick some up and hold it.

XRM
http://finance.yahoo.com/q?s=XRM
Xerium Technologies. i made some money with these guys last week. then they had a nice boost that i missed out on, and now they're crashing down again. might be time to pick up some more.


berkshire...
http://finance.yahoo.com/q/bc?s=BRK-...=on&z=m&q=l&c=
it'd be awesome to be able to trade at this level some day.




now then.

here's what's happening.

right now i have some Aquila (ILA) stock, that i bought on an upswing this morning. that may have been a bad move. so i need to pick some more.
if Ford drops below 6.65 today, i'll buy.
Xerium lost 8% so far today. we'll see where they are at close and i may pick some up.


aaaaand fuck it, i picked up some Bearingpoint (BE) for 1.65. we'll see how that pans out too.

so:
ILA @ 3.32
BE @ 1.65

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aziankingz

so far so good..2 more hours to go..today is really anybody's game..

BustedS13

do long as they don't totally bottom out before close, i'll be happy. i'll put in sell orders for a decent percentage on both, and then hope i hit them. with any good luck, they'll be sold before i even wake up tomorrow (i usually don't even look at my stocks until the market's been open for a couple hours, because i sleep until about 10am central).

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aziankingz

do you place buy/sell limit orders or are you monitoring it?

aziankingz

you should short the mortgage stocks..

SimpleS14

Too many posts to read, but I wanted to chime in and say that I have a virtual stock game going at http://vse.marketwatch.com. It gives me an idea on how my stock would be doing if I had the capital.

As far as real stock, in terms of long-term (5+ years) I'm looking at FRE , VLNC and ICE. I would use TD Ameritrade, but something happened with my account, so I'm just chilling with ING.

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Goals are dreams with a deadline.
L.H.O.O.Q.

BustedS13

i just set limits, it seems to work out better if i make the decision beforehand, instead of getting greedy and hoping for crazy spikes. although, sometimes i'll set a sell limit for a decent gain for like, half the stock, and then another one for a really nice gain, just in case.

it's all about removing human error. holding something because you think the stock could go for a ride is a great way to miss out on an acceptable percentage. i'm doing this to make steady profits, not to hit a jackpot.

i would like to try my hand at a little short selling.

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aziankingz

i havnt shorted anything yet, but if i were to short..i would go with china stocks..i longed china stocks for a swing trade and got burned within 2 months..

BustedS13

annnnd bearingpoint is up to 1.75. i wish i'd done this with the big account so i could sell right now... let's hope it stays up through close. this is why swing trading sucks sometimes.

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aziankingz

what do you use to research? you research with your scottrade account or with yahoo finance?

BustedS13

i do all my research through yahoo finance and USA today. sometimes i pick up the journal, but it's such a boring read... my dad gets investors business daily, sometimes i pick up his copy when he's done with it, it seems more informative than the WSJ.

edit: but there it is, guys. that ten cent gain is going to make me more money than i'll make here at my dinosaur coloring bullshit desk job in the next week.

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lflkajfj12123

i need to start doing this

BustedS13

and there you have it. today i bought:
ILA @ 3.32
BE @ 1.65

at close:
ILA @ 3.38
BE @ 1.79

didn't make much on Aquila, but Bearingpoint made me 8.5%, which is a really nice percentage for one day. i'll sell both at open tomorrow and pick some new ones.

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crzycav86

I started at the beginning of the year with ameritrade. it was cool because i got 500 free trades during the first month. it's $4 after that.

anyway, i lost a lot of money day trading. i made a lot at the beginning, but the stock split and i wasn't able to sell because the ameritrade faggots didn't recognize the split until a week after the other trading companies did. i got fucked in the AZZHOLE, and lost a lot of money after that.

crzycav86

the only thing i made money off of was a gold etf: dgl

i also spent a lot of time on hotstockmarket.com which is a forum for day traders. it's cool because smart people will do your DD for you. but it sucks because smart people will puff up a stock so they can sell once everyone drives up the price. do your background searches on members with a lot of posts, and find the ones who've suggested good stocks.

BustedS13

$4 a trade and 500 free trades? so you're trading with 25k plus then, right? sweet, what are you looking into right now, and how long do you normally hold?

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crzycav86

haha. 25k yeah right...

i started with 2k.

i'm holding my penis right now. usually for 2 minutes.

BustedS13

....so how were you day trading then?

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crzycav86

when you sign up, you get 500 free trades in the first month, with 2k acct minimum.

you also get 100 dollars for each referral. so if you want an acct, i will hook you up. (actually you can hook me up lolz)

TiNMAN

good work !

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I AM LEGIT.

BustedS13

well, here's the round trip!

ILA: bought 3.32, sold 3.42. 3.01% gain.
BE: bought 1.65, sold 1.79! 8.4% gain!


who's your caddy!

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aziankingz

lol really nice gains..what is in your account for today? how many shares do you invest for each position? 1000?

BustedS13

well, the bearingpoint was more than that, but let's not get into details.
as far as what's in my account now.. nothing. i'm not really feeling anything today. i may put in some buy orders for tomorrow morning, i'm not sure just yet.

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LB.Motoring

So, what do you think?

Should I do TD, or something else?

I have to go into TD this week and clear out a minor account and xfer them back to my father, and while Im there I can start up a new.

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Robby Leuer

BustedS13

eh, ameritrade's fine, it's huge, i've never heard anybody complain. i just like scottrade because i've never had an issue to date, and their customer service is great.

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lflkajfj12123

so is that like, if you had put 1000 into it and made 3.01% gain thats of the 1000? so you make like 30 bucks for that and 80 for the other

I'm probably way off, pardon my ignorance

BustedS13

no, you're right. you also have to subtract brokerage fees for both trades (buy and sell), which, in my case, is 7/trade, so 14 for each stock. and while 80 bucks may not sound like a lot, first of all that's if this trade had only been done with a thousand dollars, and second... that's one trade that took one day.

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LB.Motoring

Cool,

Tomorrow I think I gotta visit their office so I'll start up one, Maybe I can try to get some goodies included, we have a couple large accounts with them, I did that with my bank account and its pretty fee-free.

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Robby Leuer

lflkajfj12123

no that is still really good haha you kidding me

~100 bucks a day trading

thats better than most jobs paying under 10 an hour haha