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/Stock Market General/

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/Stock Market General/

I know we already have the /Robinhood general/ already, but a few people have said they wanted to have a stock general back.

Lets talk about Trading strategies, YouTube lessons, books, chart reading, bull and bear stocks you're watching or general advice about stock trading.
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Just going to throw this out there right now: Trading education is a bunch of shillery and nonsense. I was foolish enough to purchase Investors Underground Bootcamp - Complete Pile of useless horseshit. Just stay away from them.

That grimy jew Meir Barak on Youtube is a shill for the Colmex CFD bucket shop. His videos are using a simulated account - He's been called out on it before.

Cameron Fous, Tim Sykes, Inthemoneystocks - All shills. Don't be foolish enough to buy into any of their nonsense. Never subscribe to a "trading chat room". In my experience all of these shills are pikers at heart who have no clue what they're doing and just trade sim accounts (if at all).

In the end best education comes from doing and reading (all reading materials can be found somewhere online for free).
>>
>>964098
>Just going to throw this out there right now: Trading education is a bunch of shillery and nonsense.

Not all of it. You're not looking in the right place. Goldman Sachs makes all their new investment bankers take a trading course. It's no secret. It's very basic as all good things are. A lot of it is based on "curve analysis" (The "curve" defines the market.....) and a lot of it is based on 100 year old strategies from the commodity pits of old. Like Rentech, GS has embraced mega data and mega analysis and spends hundreds of millions of dollars a year on determining trading strategies. FICC traders outside of the banks hate to spend money on anything but bling and coke off hookers' titties. That's why so many of them go broke. Example: all the dumbass US domestic oil and gas companies who missed the probabilities of the oil price collapse of late.
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>>964056
>>>/pol/
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>>964162
What is that supposed to mean?
>>
>>964098
how do you know he's jewish?
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>>964662
>can't identify a jew at a glance
>>
>wanting to talk securities with /biz/

I'll pass. Feel free to start up another bitcoin thread though.
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AlgoAnon reporting in.

Not trading today. Upgrading my software this week.
Should be back in action by Monday.

Equity Market health at the micro level continues to look relatively illiquid, but has been slowly improving over the last few months. The analysts are calling it "High Volatility, Low Variance."

This "sickly" behavior has been the status quo since the July'2014 fed announcement indicated that QE3 is over and a rate hike is imminent.

I suspect that anticipation of a rate hike immediately shifted a great deal of money in the markets towards long-term thinking, or simply convert to cash to exploit the dollar strengthening that a rate hike will bring.

Now a rumor is gaining traction that Janet Yellen won't raise rates while Obama is still in office. "Don't bite the hand that appoints you."

Even if that's only a rumor I strongly suspect that the choppy markets and so-far sixteen month wait for a rate hike, that may not come until mid-2016, is pressuring the big-boys to shift more capital back into active trading. That's why we're seeing a slow return of trading activity towards its first-half'2014 historical levels, but we've still got a long way to go before we get there.

>>964734
Come on, brah. Let's get this party started!
>>
Wow OP just look at all the participation in this thread! Stock general threads never. ever. work. If you want to discuss stocks go to the robinhood thread where everyone is actively trading. It's free so more people can do it, and more people contribute to the thread about what they are buying/selling. Doesn't matter what platform you use, the robinhood title just attracts newbies by showing them you can trade for free and gets more people involved. If you want to talk about stocks go where the people are already doing so.

/thread

/rgt/ redirect - >>964464
>>
I encourage you to check out wallstreetbets on reddit. Considering there is no stock market general anymore a lot of our former readers probably moved there.
>>
How can I just acquire 5 thousand dollars from someone or entity?
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>>964741
Shill
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>>964741
This is a terrible idea. Its a flawed program, and if you use it you are hurting yourself.

3/5 of your opportunity is lost. Due to holds.
Can't short, can't Reverse
No derivatives
Can't Futures
No Leverage
No Tax loss harvesting
They get in front of your trades.
>>
>>965873
This.

Can we discuss the stock market now?
>>
When would be good to get a short position in weight watchers.
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>>965925
short fxp
>>
Did Tree peak already? Did I miss my chance to go to the moon?

And Yelp was given a $40 price target by some analysts, don't think it'll quite make it but still has potential for a high % return.
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>>965964
no shares available
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>>965968
Short call spread on Tree. Thanks. huge premium
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>>964159
where are their course notes and vids? online somewhere? if its basics does anyone have a list of what they cover?
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>>964662
learn the signs faggot
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>>966890
what signs? the french accent?
>>
Is there any money to be had in becoming a commodities broker? It seems like a hell of a lot easier process than a stock broker in terms of education needed.

I live in a really agriculture-centric area. Could I make money bringing contracts to the market instead of gambling on those already there?
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>>966905
The signs for each stock.
Makes it easier to know what stock everyone is talking about
>>
Seamless stock bump

Sold sune low Friday couldn't Play the game

Holding onto Hart and cldn for hopes of big come back on Monday.

If sune drops below 2.70 again might buy back in for a few thousand shares to make a quick buck
>>
Faroe petroleum is looking pretty good, hit rock bottom and brokers are saying its likely to bounce back to around 90GBP from 60GBP pretty soon.
Get in FPM while you can.
>>
>>964056

I just started trading again recently after leaving my finance job. I've made $6k day trading in the last 3 months. I'm trying to keep this going as long as the market will allow.

I just started trading options for that sweet limited downside risk and unlimited gain potential. I'm just buying calls and puts right now. I've done 2 trades this week, both were losers but it wasn't a big deal since they were small trades. Anyone here trade options?

I only do very short term trades using about $50k per trade. This requires me to be somewhat fast in executing orders. With options, I'm having to sort through different strike prices, read the greeks, and all that other bullshit. By the time I make a decision the move could be over.
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>>966885
Bump for this
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>>969592

what education did you need to be successful? did your finance job help?
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>>965968
If anyone's still watching Yelp jumped 11% day after this was posted.
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>>965873
I spent a couple days posting about these very points on a RH thread.
What a fucking waste of time.
Deaf to criticism, or outright shills.
>>
>>964098
>In the end best education comes from doing and reading (all reading materials can be found somewhere online for free).

Can you help us organize prioritize the information? The internet has created an overwhelming see of information. The challenge is now to seprate the wheat from the chaff.
>>
What's the UK equivalent of robinhood?
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>>970067

I started trading 5 years ago at 18. I saved $5k from my manual labor job and funded my account. I churned that account and lost most of the money over a long period of time. In college, I studied finance and read maybe 50 - 100 books on finance and investing. I know I read mostly all the finance books at 2 libraries. I continued trading and began improving. I graduated college with a 3.9GPA and got an investment banking internship doing M&A. I continued to trade the whole time. I left the internship after 6 months for an IB gig as an investment analyst at a MM IB. They did not let me trade while I worked there for liability reasons. I saved my money and eventually got over the $25k pattern day trader threshold. I left that job for a non-finance related job that lets me trade. Once I got over the $25k threshold, It become so much easier to make money. But, I did learn a lot when I was trading small scale. I'm 23 years old now with a $50k balance and trying to get rich still. I was just approved for options trading 2 weeks ago after trying and being rejected for years.

By the way, I made some money today on options which felt great. I did one trade with just $1,600 and made like 20%. pic related. There is so much money to be made with options it's ridiculous.
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>>970773
Going to a mob run casino.
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So if Robinhood is not as good as /rgt/ makes it out to be, what's a good platform for trading on either iOS or PC? Very new but very dedicated and willing to learn.
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>>970908
That's good news, anon. Your story motivates me to start investing on stocks.

Thank you.
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>>970908

There is so much money to LOSE on options as well. Don't forget.
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>>970950
You're probably not going to want to hear this, but unless you have a large amount of money (that you're willing to lose/don't need), you probably shouldn't even be contemplating trading.
Any trader can tell you the game is heavily skewed against you the less money you have.
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>>970950
There is but the upfront risk is lower, and if you do it correctly your probability of profit is higher.
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>>965873
So what do you recommend?
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>>971199
I use think or swim, with the discounted trade fees from the dough.com site.
I trade mostly options.

Its a beast of a program that can do just about everything. But once I have enough money in the account I'll explore other products.

Its the ability to learn about all the markets available to me that make it the most interesting.
For instance index futures have the same risk profile (below the 7 figure a trade scale) as the indices but are leveraged much better, so you can drastically increase your earnings.

I just started in may and am learning.
This account gives me access to all the securities markets not just stock exchanges. Though RBH seems to be able to get some penny stocks that I can't get.
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Whats the point of buying stocks if fundamental analysis is just analyzing cooked up stats from a company, doesnt that make anyone whos investing in stocks a retard?
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>>971255
>think or swim
same here, killer platform

>>971259
that's what TA is for
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>>971259
Use TA to determine when to enter and FA to determine long or short

More or less
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>>971568
>>
So where would a complete beginner start? Any recommended readings or such?
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>>971259
You hit the nail on the head there
>>
How will the raising of interest rates by the fed affect the US stock
market?
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>>971657
>where would a complete beginner start?
Scrape together about 70K.
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thoughts on MedBox stock? think it will pop during election?
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>>971035

Only if you're writing. If you're just buying them you're out the cost of the option and some self-esteem.
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/pol/ here, what defense companies are most profitable to invest in? Caterpillar? Boeing?
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>>971737
LMT. You may have missed your chance though
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>>970991

No prob anon stick with it and find out if you have what it takes.

>>971035

I'm resisting the urge to put like $20k on one trade. I made $920 today with about $3.5k in options. I'm going to hang around that size for now. But with the morning volatility we're seeing it's hard to lose.
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Hey /SMG/, I'm a 20yo student and I'm on my way to getting a degree in Business Administration.
I've always had an interest in stock exchange, and before jumping to conclusions on what I'll do next I've decided to make a generic, dumbed down checklist to see what I should take into consideration before ruining myself in a few years.

So far I've seen three recommendations in this thread:
>Read and learn all you can about finances before even considering starting as a lone wolf investor
>Prepare a sizeable amount of money (I've seen an anon say he started with 5k at a very young age, and another one saying 70k, I'm sure the number can vary but it should always go upwards from the 5k)
>Get some actual job experience related to finances/investment so you don't go in blind.

Other recommendations from people in this thread are welcome. Thank you for reading.
>>
>>971679
I started be going to a few seminars, then found tasty trade. Made a paper trade account and traded for about a week before I threw in 5k. I made a few mistakes and had to add 1k to exit a position. Just added 2k. trying to get to the 25k daytrader limit break.
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>>972402
>trying to get to the 25k daytrader limit break
You're trying to trade your way to the level the SEC sets as a minimum for traders?
You do realize that the SEC set these rules because trying to trade with 5K is like running a race after getting kneecapped, right?
Not saying I agree with what they picked, but your struggle will be ridiculous with that kind of capital.
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>>970908

Decided to give an update. I did 2 more options trades this week and had a 21% return. (pic rel) All NFLX puts. I reiterate, there is a ton of cash to be made in options and the volatility on NFLX in the morning makes it almost impossible to lose. I'm on track to do over $4,000 in profits this month in total.

A few things I've noticed. Scaling is something I'm going to have to try to figure out. With normal trading, I usually just trade each position with ~$50k, but with options, I can control $300,000 worth of stock with only about ~$5,000. Obviously, I could get into serious trouble if I put most of my money into a single options position so I'm still trying to figure out the best size for me right now.

Next, the major difference I've noticed is that with stocks, if you're trading a blue chip and the position turns against you, you can hold for a few days and see if you can make your money back. With options, you need to be really good at taking losses early. This is why I believe I wouldn't have been good with options when I was first starting out.

Next, buying far out of the money options hoping for a big move is not my style. I've been trading in the money options and keeping them for no longer than an hour.

Options are fun to trade. The amount of money you can make is on another level. You really need to be strong mentally to not put like $20k on a position and blow your account up.
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>>971300
>>971255

How are you guys using think or swim while using another broker? I thought think or swim was a strictly TD ameritrade thing. How are you using it without an Ameritrade accout?
>>
>>973371
Don't know about the other poster, but I have a TD account.
>>
>>973328

Damn, nice going anon.
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>>972554
I did it to learn the mechanics. I'm cruising on a pretty good profit, and adding as I go b/c moderate success.
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>>973371
TOS is free to papertrade with delayed quotes.
I have an account at TD.
>>
>>965873
fuck off, there's no better trading platform for less than 5k. your 25k+ trades are irreverent to most people
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>>974397
You probably shouldn't be investing with less than 5k. There are better trades to be made than naked equities in real life. Flip a few cars, its more worth your time.
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>>974397
>irreverent to most people
Get a grasp of English before posting.
If you want to shill for Robin Hood, go to their thread. The other poster is correct that they're shit. No serious traders use them, so go gamble your pennies with your loser buds for "muh free commissions".
>>
>>973407

Thanks m8.

I can answer any questions for beginners ect if anyone has something specific they want an opinion on. Anyone here trying to day trade for a living? I've met a few people who do this and met some traders at my IB job.
>>
>>974594
How many years did you trade equities before moving on to options?
>>
>>974603

I've written covered calls before maybe 3 years ago, but that's not really trading. I literally just started with options and I have just over 5 years of experience trading equities. It's been tough getting approved. I had to tell my brokerage that my net worth is $100k and I have 5 years experience trading calls and puts just to get approved. I think they expect people to lie, it must be a liability thing.
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>>974620
Pretty similar here. 6+ years trading equities, just approved for futures.
Also a pain in the ass. "How much cash can you come up with in 3 days?", shit like that.
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>>974778

Interesting. I only looked into futures briefly. The stories of the old Chicago merc were very influential to me and I love reading about some of the crazy shit some of those guys used to do. Obviously, the leverage is attractive, but moving from equities to futures seemed like too big of a jump for me to make personally. A couple questions for you, what hours do you normally trade? Being able to trade around the clock would be great for me as I have a day job. Second, how's the volatility? With equities, I try to take advantage of the morning and closing volatility. I couldn't imagine trading without it.
>>
>>974620
>>974778

>be canadian
>try to open a margin account at TD
>denied
>apparently i'm too unsophisticated
>apply at questrade
>can choose option level on initial registration
>pick 2nd highest approval level
>don't even understand wtf this shit is
>have no intention of trading options
>want to see if i can get approved for shits and giggles
>get approved for everything
>account is ready to trade in about 5 business days

questrade is open to US residents as well. you'll need $10k minimum to get option level 3 approval and $25k to get the top level. they do some sort of screening though. but they seem happy to take whatever money you deposit.

>friend opens account
>kinda fucked up choosing account type
>chose FX account
>gets a call
>sooooo MR. C, what is your experience trading forex?
>wat, i just want to trade stocks
>>
>>974809
I opened a td ameritrade acct and I just picked random stuff too. Idk wtf half that shit meant when I signed up.

They ask me to redo my portfolio preferences occasionally and I still have no idea what that shit means

Why can't they just use normal everyday English words man
>>
>>964654
You triggered a kike
>>
>>974810
>portfolio preferences
>100% stocks
>maximum leverage
>extreme risk tolerance
>will suck dicks to raise capital

you show them who's the fucking boss
>>
>>974813
FUCK it why not

On a more serious note though, what is leverage?
>>
>>974816
holy shit nigger. if you don't know, don't fuck with it. i could tell you. but i'd rather not lead you to financial ruin.

google TD's margin handbook. read all of it. all the fucking footnotes and glossary too. ALL OF IT.
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>>974818
O I'm assuming it has to do with loans or something since it deals with margin accts?

Will do tho
>>
>>974802
It always seemed too big of a jump for me, too. It wasn't until I found out how low the maintenance requirements were that I started taking a stab at it.
I tend to trade regular market hours, although I'll work pre and and after hours too, if I need to. I don't often hold futures long term, or even overnight. Mostly just as hedges or intra day plays.
The volatility is savage, but (at this stage) very unpredictable for me.
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>>974809
It's all about the dollars.
They just want to know what you have that they can lean on if you fuck it all up. Trust me, they've got that shit down pat. The "how much $ in 3 days" is code for "if we made you liquidate your 401k and long term holds, how much could we get for them?"
>>
>>974929
personally that sort of talk is meaningless to me. i open and close positions same day. i have the discipline to take losses to prevent larger ones. and that's exactly what i'm doing. the only time my heart beat like fuck was hitting the buy button for the first time. now its kinda tame. because i know my target profit exit and loss exit well before hand.

OTOH, holding overnight or for several weeks when you've maxed out your leverage is asking for trouble.
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>>974940
>i open and close positions same day. i have the discipline to take losses to prevent larger ones
You really don't expect them to trust people when they claim this, do you? They have to assume you don't know shit, because lots of those who sign up don't.
It's like me telling the cop that I can drive 85 safely. Even though I can, that's not going to get me out of the ticket.
>>
>>974972
of course. and those people have poor impulse control and become emotionally attached to a position. paper trading was very interesting. i treated it like real money. i would never allow a position to move against me by a certain loss. i literally have a spreadsheet open listing my profit/loss targets per 10 basis point moves of stock i'm trading.

the real problem is when people don't have enough margin to hold positions over several weeks. just imagine your stomach during the market correction in august. your broker would have margin called you and if you didn't have the cash, fuck your shit; your positions are getting sold. and look at the stocks now. most of them are touch spring highs.
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>>974981
>margin call
Well, that's why you have to be careful how you leverage.
So you don't wind up like that poor fuck who started a GoFundMe to cover his debt.
>>
If you can't afford commissions you shouldn't enter the stock market. Robinhood is a scam.
>>
>12300 stocks
>company will either unlist or issue new stocks in January
Not sure what to do desu. Already a bit on the loss. Damage control?
>>
>>975031
Muh sekrit club
>>
>>975216
I got $2800 dollars on hand.
Is this enough to start investing or should I scrape in more money?
>>
Someone correct me if I'm wrong pls

DJIA tracks commodities
S&P tracks large cap companies
Russell 2k tracks small cap

What does NASDAQ do?
>>
>>975260
You have two options:

#1: Gamble your $2800.

#2: Invest your $2800.

The brokerage you pick won't really matter if you're investing, as you shouldn't be turning the positions over regularly anyway.
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>>974620
I got approved first try, with 5k for 2nd level options.
>>
>>975216
Not a secret.
But also not something most understand.
All the things trader's brokerage accounts have that RH doesn't, cost money and maintenance (margin accounts, after hours access, special orders, etc).
RH can't pay for these things, because they're not making any money from commissions or margin, and it doesn't really matter because their clients won't demand them anyway.
That's why RH can be utilized to fuck around, but isn't used by traders.
>>
I always hear people talking about paper trading but where the fuck do you do it. I can't find anything reliable online.
>>
>>975535
TD ameritrade has it through think or swim
>>
>>974827

Good shit. It definitely seems more feasible to make more mad dosh with futures than trading stocks. Good luck. What size do you trade in per position?

>>974809
>>975435

I've heard of a lot of people with small accounts being approved. I don't know why I was keked so hard. I have used Scottrade and now use Fidelity for the record. Not that I recommend either. I've heard that interactive brokers and optionshouse are decent and not too hard to get approved at.

If I had $450k I would quit my job and day trade for a living desu senpai. I could invest the $400k in investment grade debt yielding 7% = $28k per year and use the other $50k to trade aiming to make at least $2k per month. That's $52k per year combined and my expenses now are less than $28k annually. Shit would be so cash.
>>
>>975682

ha filters
>>
>>975686
Checking if these still filter:
Smh desu senpai
>>
>>975691
baka
Kek, they do
>>
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>>975114
Inputs on this would be appreciated.
Considering selling out, accepting a ~15% loss, and move on to other stocks.
In the event that the company delists, how can I go about selling my stocks if I don't sell now?
>>
>>975114
>>975734

Give us the ticker
>>
>>975682
>What size do you trade in per position?
Just a few contracts at a time, on commodities that range from 5-8K, margin wise.
So from $200-$600 for a 10-point NASDAQ move, about the same for a .20 move in oil.
>>
>>975682
Requires about 5-15K margin
>>
>>975769
ITX @ OSEBX.
First post was from my phone.
>>
>>975774
Uuuh, maybe not @ OSEBX.
ITX.OL rather.
>>
>>975734
Never mind the latter question. Seems I need to ask my bank directly about selling them for me.
>>
>>975774
>>975779
>>975791

It looks like it's a new issue, not a de listing. Check out this press release from last Tuesday. Read the whole thing because it looks like they may do more new issues in the near future.

"Any shareholder of ITX, holding shares as of the end of the date of the EGM, scheduled to be held on 15 December 2015, will receive subscription rights proportionate to their registered shareholding in the VPS as of 17 December 2015. One subscription right will give the right to subscribe for and be allocated one new share. The subscription rights will be tradable and listed on Oslo Børs. Oversubscription and subscription without subscription rights will be permitted. The subscription price in the Rights Issue will be NOK 0.60 per new share. For each share subscribed, allocated and paid in the Right Issue, the subscriber will, in addition, receive one warrant giving the subscriber a right to subscribe for an additional share at a subscription price NOK 0.66 no later than 18 July 2016. "

Link: http://www.intexresources.com/investor-relations/stock-market-announcements.html&details=ITX+-+Board+of+Directors+proposes+rights+issue+-+underwriting+already+in+place

I don't know anything about this industry and I'm not an investor so I'm not going to say sell or buy, but I will say that preserving capital should always be #1 on your list of objectives.

Also, be careful about selling all your shares at the same time since it looks like you own 3.5% worth of the daily average volume. Hope this helps
>>
>>975800
I'll sleep on it and get back to you tomorrow.
Thank you.
>>
>>975682
don't know too much about IB options because i don't trade options but goddamn their stock commissions is amazing. i would literally be saving 75% more per month on current commissions.

questrade had 100 free trades for new accounts and their funding is more straightforward. so that's why i went that route. assuming i'm successful over the next year, i'll switch my account over to IB without a doubt.

you'll need $10k min open at IB and $25k for PDT if in US.
>>
>>975893

Yeah a few years ago when I started out I wanted to get an account with them. A lot of day traders love their platform but their account minimum was $25k period back then so I couldn't open an account. Their fees are low, but I believe you have to make a certain # of trades per month to avoid a monthly fee. I may be wrong there though. What are you trading?
>>
>>975918
https://www.interactivebrokers.com/en/index.php?f=4969&ns=T
>yfw only need $10 in commissions to waive activity fee
>yfw inactivity fee is only $10 anyways

stocks friend. stocks. XOM today, made $50 on a stake of $8000. held from open until i got too busy at work and sold 15 cents from the top. shoulda bought exactly at market open but the price action made me shit myself. total upside missed was another $100. 0.6% return. LINEAR EXTRAPOLATION: 12% PER MONTH. TO THE MOON BABY. thats highly unlikely. i'd suck my own dick if i could pull that off.

personally, i think IB platform is shit. it's clunky. there's a demo you can try for yourself. imo TOS is the best platform. i literally have 8 windows open using TOS as the back end analysis tool and QT front end order entry windows per TOS chart. ninjatrader with IB plugin for analysis might beat it though.
>>
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>>975800
There's another thing to this tho. http://e24.no/boers-og-finans/intex-resources/sjefen-gaar-av-og-aksjen-er-pauset-styreleder-antyder-at-intex-resources-boer-tas-av-boers/23566097
The CEO has quit (contract says he needs to be in the position until May) and the board of directors all agree that spendings related to being listed (among other things) are too high and that delisting should be the "next phase of the company's life".

>pic related
I guess I can't expect them to really go any higher than 0.52 (my average price is 0.65), so I either put them on sale on Monday for roughly that price, or give it a bit of time to get closer to the EGM. Initial reaction from everyone seems to be sell, then a few have actually bought some hundred thousand stocks...
>careful
Might sell 50% and immediately after put out the remainder then.
>>
>>976195

I can't read that man, but I read their official press release here:

http://www.intexresources.com/investor-relations/stock-market-announcements.html&details=Chief+Executive+Officer+resigns

and didn't see anything about a delisting. If your article says that, then you may be right. I suspect it may reference the suspension in trading due to the announcement.

It looks like the stock held up well the day they made the announcement the CEO is going to resign which is a good sign.

Here's what I would do (given I don't know much about the company. I'm just looking at the chart): I'd hold. The stock shrugged off the CEO news well, and it's been holding $0.50. Last month it traded near $1. I'd sell half of the shares as soon as I broke even and then watch closely and sell the rest soon after hopefully for a profit. If it goes to $0.39 I'd sell for a loss. Keep in mind I never trade penny stocks. And, since you own many shares, if you sell in a fast down turn you're going to get a second asshole on the fill.
>>
>>976554
Yeah, it is an interview with the chairman.
I think you're right on holding. Sucks a bit that I have four exams coming up (the 7th, 10th, 15th, and 18th), so I risk being late to the party.

Thanks man.

Considering signing up for some other trade platform than using my current bank. Would save 50% on commissions, not to mention using an actual platform instead of having the 15 min delays and poor interface. Will look into it after the exams.
>>
>>975925

Nice man, are you making any bets ahead of the OPEC meeting?. Also, don't sweat the missed upside. I take my money off the table early all the time and at the end of the month when the money is added up I can't complain. It's the losses that need to be taken early.

I trade at work so I use a couple mobile apps and basic online charting. I literally learned about almost all the technical indicators and today the only thing I use is volume and understanding the candles. Volume is huge for me. In times like these when you can buy a few minutes after the open and be right like twice before any major move taking wins right away is always good to me.

>>976908

Wow even yahoo finance is better than 15 minute delays. If you're serious about trading definitely get a full service brokerage man. Good luck.
>>
>>976939
I just have USD 1-1.5k that I play around with every now and then, learning a little by little. The current solution is far from good, admittedly.
Thanks again.
>>
>>964056
that reminds me i need a lux sub to go with my mega yaht rocket ship and jumbo jet
>>
>>976939
>any bets
if i were to trade news, and i don't, i would bet: nothing will happen. iranian production is expected to ramp up soon. so the saudis will lead the push to lower OPEC output as a gesture of pacifying the other member countries that are being battered by low prices. by about 500k to 1MBPD. the same amount that iran will produce. there will be no decrease in actual supply so prices will remain as is.

>missed upside
i'm only pissed because i had to sell when work got busy. if i could have stayed on the computer i would have seen the positive price action and held on. not the top because nobody can call tops or bottoms. but i would have definitely held longer.

>technical indicators
my strategy is mean reversion. i need indicators for that because i can't crunch the numbers in my head. basically i target morning bounces because i need to be at work by 9AM. entry and exit is determined by indicator and gut feel from price action. used to just pick the heavily traded meme stocks (like NFLX) but pre-selecting stocks to trade in the morning is more accurate.

done my research, will be watching these monday morning with buy target prices.
AMGN 163
CVS 94.3
UNH 61.6
SBUX 114.03
UA 89
WBA 83.8
>>
>>977067
whoops. switched the prices for UNH and SBUX
>>
EMA 13 Blue
SMA 48 Red
cross
>>
>>966885
>>970064
Goldman Sachs trains each of its employees by using veteran traders to pass on the company methods. If you read books about Goldman Sachs ("Culture of Success") or any other investment bank "biographies" you'll find similar stories. What GS can't figure out on its own it hires away from other firms. They make a million dollars a day in FICC but that's not where they put their brightest players. Those folk go to "structured products" where GS actually builds a security and markets it. If you check their VaR reports in their 10-K they put their biggest risk on their own products, not the FICC things they trade. They have outstanding risk management skills so they won't ever let a trade blow them up.

Basically, they surf the waves of cash flow and from time to time build new surfboards to sell to other institutions trying to do what they do.

There is no GS trading book you can buy. You can reverse engineer a lot of what they discuss in public documents and financials. Everyone parses their comments.
>>
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>>965873
Are you Chinese?
>>
>>977067

Trading at work can be risky, do you trade on your smartphone? If so, what apps do you use?

Yep I trade in the AM a lot too. I trade heavily traded stock options like NFLX and have a small list of stocks I follow in a few different industries that I feel like I understand how they trade pretty well. All are blue chip with heavy volume and the options have small spreads.

That's a lot of stocks to be watching at work man lol. Good luck on how they play out.
>>
>>977789

Also, we really should have a comprehensive list of mobile apps that are useful. Most people use robinhood and probably trade at work. Plus, these apps are getting more and more sophisticated. They main thing is finding an app that has decent real time quotes. Anyone feel free to list apps they use.
>>
>>977789
>what apps do you use?
TOS has a great mobile app. but like i said, it's my analysis tool and not my execution broker. >>977794 it's realtime and free. but that's a secret. they list as a 20min delay but i've gotten fills at exactly the last transaction price. what IS delayed is the level 2 quotes. and the TOS desktop is seriously the best in the market that i've seen.

>lot of stocks to be watching at work man
i think you misunderstand. i have a 4 monitor set up at home. i wake up 630AM PST for 930AM ET market open. the stocks from the night before that i've narrowed down will be watched for entry. in fact, my order entry is already set up for each stock at my price targets. press the button and execute when the time comes. typically i close out any positions before going to work. and i only have 1 position open at any time. i happened to believe the XOM was in a for a strong bounce off support that day so i held; and i was right.

originally when i started out i had a list of 400 stocks based on day volume and per minute dollar volume. as my trading philosophy and cost analysis had gotten better, the list has gone down to about 140. lowest volume stock on that list is about $240k per minute. my watchlist was generated with minute liquidity in mind; never have to worry about fills.
>>
>>977794
>Most people use robinhood
Most gamblers, you mean.
Serious traders would never use that shit app.
>>
>>977765
Looks like a great read.
Are you Chinese or something?
>>
>>977809

Right, I've never used it, but it adds to my point that a lot of people are trading on mobile.
>>
>>977815
Your post surprises me.
You seem to have a halfway decent grasp of equities and basic market structure. What I can't figure out is why you're trying to work a job while trading, as this is a horrible idea.
I knew a guy who considered himself a trader (he wasn't). He worked in a plant where he had no internet access for most of the day, yet he was getting up early, putting in orders, and trying to keep an eye on them.
You realize that anything (like work) that forcibly takes your attention away from the market can bury you, right? And if you don't have the ability to carry positions at anytime, you will miss great opportunities.
Are you mulling a switch in careers?
>>
>>974984
Anyone who trades agrees that that guy was an idiot who got what he deserved. He shorted a n illiquid $2 biotech stock, with no hedge and thought the stop order would save him.
>>
>>975302
DJIA does not track commodities.
Dow Jones Commodities Index does.

find the 30 comapnies on the Indu here
https://finance.yahoo.com/q/cp?s=^DJI

Though you could make an argument about raw materials being highly correlate.
>>
>>977853
>thought the stop order would save him
He had a stop in?
>>
>>977869
So I don't get it. What do those 30 companies have in common?
>>
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>>964056
anyone into sector rotation strategies here?
>>
>>977832

I agree with you, it's far from ideal. And, I've learned this lesson the hard way. However, my job is very lax and I don't have any urgent responsibilities. I only really trade for about 30 minutes at the open so it's not an issue for me.

I do want to eventually leave my job for an entrepreneurial situation. As I said above, I would leave my job and trade full time if I had $450k. I'm not sure if this will ever work out, but I have to try. Plus, trading small options positions really limits my risk. Trust me when I say that preserving my capital is the most important thing in the world to me.

>>977931

It's an index of how well the overall American economy is performing. All the companies are very large and American owned. Take a look for yourself.

>>977937

No, are you?

>>977877

Yep, it wasn't executed because the volume was so thin.

>>977853

It was definitely a wake up call for short sellers. It was truly a worst case scenario.
>>
>>978181
im doing some demo trading but atm im trying out my hand at sector rotation since i prefer to have bull positions.
>>
>>978238
lulu hit a 52wk low of 43 on the 17th. proceeded to rally to 53 on the 25th. 23% rally. it don't get much better than that. if you didn't want to buy the stock outright, buy a call on it.

there's lots of ways to find bull positions. i don't like swing/position trading because i'm highly leveraged. never gonna hold overnight,
Never gonna give you up, never gonna let you down
Never gonna run around and desert you
Never gonna make you cry, never gonna say goodbye
Never gonna tell a lie and hurt you
>>
>>978181
Well, I'll admit it's a better plan than many I've heard.
Although you might want to consider saving as much as possible for a period of months or years until you have enough to start for real. The guy who plays with 30K would be better off waiting until he had 60. And that way, you could focus on this shit all day. I swear, it never gets boring at all.
>>
Any Australians in here?

I'm thinking of getting back into stocks now that I've saved a bit of money from my new job.

I'm looking for a good company to invest in.
>>
When is the crash?
>>
>>978378

Vanguard index ETFs.

But seriously, DMP ALL SYD FLN NOR OBJ
>>
>>978238

Sector rotation seems more like an investing strategy than a trading one tbqh senpai.


Update: I had another $500 dollar options trade this morning. Pic related for option trades today and last week. I'm loving these NFLX fades in the morning. Total gain for this month was just under $5,000. I'm hoping for more this December.

I'm still learning how to trade these options plays. There's a lot I want to learn still about risk management strategies, implied volatility changes, and basic combinations. I'm averaging about a 20% return on my initial options trades. To think I could've made $50,000+ instead of $5,000 if I would've bet more is amazing. Still, managing downside risk is extremely important. As I mentioned earlier, I'm still trying to figure out sizing. I'm trading with about $3k per position now, but I wonder If I should increase this.
>>
>>979528
So what're you up to. Waiting for a decent peak in the morning and selling a call spread than buying it back after the fade?
>>
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>>979294
>>
>>980141

I'm just buying calls and puts for now. All the nflx trades have been me buying puts. It's at the top of the range it normally trades in so there is a lot of volatility to take advantage of.
>>
>>977813
It's old world wisdom.
Nah man, just keeping up with another anon who replied are you Chinese to any of his posts.
>>
>>981274
>old world wisdom
The best stuff stays relevant for ages.
>>
>>964056
Technical analysis is sort of bs. Supply demand trading is very easy and profitable, just follow the kike smart money and have close stop loss.
>>
>>980808
Okay so you're swing trading using options as stock replacement?
>>
>>981748

Yep, except not swing trading, just day trading. Holding overnight would not be a good idea since I'm trading the weekly options which means the time value erodes at a very fast rate. Even with my small scale trades, I'd be looking at losing $400 in time value per day alone. You can see this by looking at the theta. Because of this decay, you really need to be good at taking loses (and gains) off the table to keep risk to a minimum.

My strategy is very basic since I'm just getting my feet wet, but it's working out well so far. Still, there's a lot to learn.
>>
>>981748
>>982188

I'll add that if you want to swing trade options, you can do this by trading the monthly options instead of the weekly ones since they decay at a slower rate. If you are successful at equities trading you can kill at options trading. If you're still learning, then equities is probably better for now.
>>
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Why should I invest in the stock market?
I have a strong saving account, but I've been putting some hundreds into the market. I don't know how to really make money though and I'm worried.
>>
im doing my bachelors degree in business administration and for my business law class i have to prepare a presentation on stock companies and the interplay of stocks and the stock exchange, whatever that means. i guess the point is to define what a stock company is and point out the legal issues and important paragraphs, but what about the rest of the assignment? am i supposed to explain how the price of a stock is determined? also, is there a book you can recommend on this topic, preferably for someone who has no prior knowledge on stocks/stock exchange.
>>
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>tfw disney stock still isn't bouncing back
i-if I keep holding it, surely it will rise again
>>
Guys go to gofundme webpage and use StockEducation in the web address please, I believe in you!
>>
>>982832
The Intelligent Investor
>>
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>it's been proven time and again that it is impossible to consistently beat the market
>somehow underage kids think they are smarter than both the market and big investment firms
>>
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>>983582
>>
>>983582
So people like Paul Tudor Jones just got lucky?
>>
>>983592
Yes
Out of the thousands of people investing, is it statictically inevitable that one of them makes huge profits constantly
>>
>>983582
Mark weinstein traded from 1980-1989 without a single losing month (Market Wizards). That's 108 months and he won in each of them. The probability of that happening, if you had a 50% chance of beating the market each month, is 0.5 to the power of 108. One over 2 to the 108.

That's 324518553658426726783156020576256. 33 digits. Thats ten quadrillion squared, multiplied by 3.

Do you think that's likely? Do you think that's just an outlier getting lucky?
>>
>>983602
See:
>>983605

I'll get a better example soon.
>>
>>983605
The probability of him losing in half of the months and winning in the other half is also 2^-108
It's very possible to win so much if you don't diversify
>>
>>983612
those months being in some configuration*
>>
>>983607
>>983605
>>983602
>>983582


Another example: Ed Thorp

He had 227 winning months out of 230 trading months.

What's the probability of getting 227 winning months out of 230 if markets are efficient and the chances of winning are 50%?

Well, it's one in 10 to the 63.

If you took a billion traders, the probability of one of them beating this record is still one over 10 to the 62. To put it into context, there are about 10^52 atoms on the earth. So the probability of you succesfully picking one given atom on earth is better than the probability of one trader getting 227/230 winning days even if there are a billion traders.
>>
>>983612
It's not possible to win so much if the efficient market hypothesis is true.

>The probability of him losing in half of the months and winning in the other half is also 2^-108

Meaningless.
>>
>>983617
When did he do that? The 60's/70's? The market has become immensely more efficient since then. Find me a more recent example
>>
>>983617
>>983618
In all seriousness though, I think it is possible to beat the market, but I doubt that a bunch of kids from a cambodian finger painting forum are able to do so
>>
>>983619
Hedge fund market wizards was released in 2012, so assumedly it was in the 00s, 90s and 80s.

Shifting the goalpost. Best to just accept you're wrong. It's ok to be wrong sometimes.
>>
>>983617

Props for real evidence to shut up the trolls who say the same bullshit every thread.
>>
>people saying you need more than 5k to start

Wat

I started a month ago. Not an Amerikek but I began with the equivalent of $900, which is now $1200. It's fun to learn about companies and predict market reactions etc.
>>
>>983627
What of CIS?

>>975114
Update on this. About 20% loss atm, 11 days until EGM :^)
>>
Any one have good recommendation for sites to keep up to date on stock info. Other than the ones pushed by most mobile apps like seekingalpha and Motley fool
Thread posts: 174
Thread images: 18


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