Search results

  1. B

    Daytrading C (or any other stock's) earnings day

    I've had some success swing trading, (incl. C) but I'm new to day-trading. Assuming I'm comfortable with, say, a 2 to 1 profit/loss stop, is there anything specifically wrong with trading a given stock on the day of earnings? C announces at 8am on MON. My idea: execute a trade immediately as...
  2. B

    New guys, now is not the time

    OK, as promised I'm in all cash now. Got out first thing this morning and managed to take out a decent overall profit, given all the lessons I've learned in the past several months. Right now, I'm flatter than your junior high school girlfriend, and loving it. :-) Zzzzzzzzzzz ppppwwwrrrrrr...
  3. B

    New guys, now is not the time

    Talon: Your answers are spot on, for my money. Thank you very much. Including the answer about you not being able to tell me what to do with the position under question. I would have expected no other answer from a real professional. I've been brainwashed by all the fundamental bs I've...
  4. B

    New guys, now is not the time

    Thanks, talon. I didn't think I'd hear from you again on this thread, since you seem to be a high-flier, and I'm just lunch :-) I agree with your stance on fundamental analysis, per se. But I'm just learning that. I'm a new investor, and an even newer "trader". My acctg background and...
  5. B

    New guys, now is not the time

    Riskfree, the answer to your questions is that, basically, I'm a fundamental analyst, trying to become a more short term trader. Yesterday was just the beginning for me. I picked up 1000 shs of X, put a 1 point trailing trigger on them, and just made $2,300. Look ma, I'm a big trader. Collars...
  6. B

    New guys, now is not the time

    1. HGSI made even more money today! 2. Stock can be tricky. I looked at a stock which is trading at higher volume in after hours. It closed at around 23, and earned 0.47, but is trading at 15 to 16 range. I tried to buy some shares at 15.17, and by the time I made the order it ran away...
  7. B

    New guys, now is not the time

    Thanks for the continuing encouragement, RF. No, I didn't close anything else today. My other three positions are "tradevestments" I bot just cuz I like the fundamentals (which is all I know right now) and the buzz, and the % off the upside (that's my "trading strategy for now"), but they...
  8. B

    New guys, now is not the time

    Well, being a newbie, I saw it go up to 26.95 in pre-market and said "Holy S---, I was hoping to go to 25, but maybe I can get 26." (It will go UP in open market right?) I was watching volume very closely (I use Schwab Street Smart Pro (SSP)) and it was just roaring v. the 50 day avg. (It's up...
  9. B

    New guys, now is not the time

    The market is like a fat man that chews wallets, then spit them out while paying attention not to spit out the cash, which it makes sure it stays in. [/B] Reminds me of a NatGeo piece I saw once about a huge gorilla who took bunch after bunch of bananas and, one by one with perfect rhythm...
  10. B

    New guys, now is not the time

    I do not want to reveal some of what I know here in public, but if you would like to PM me, I would share a few things. In the meanwhile, I suggest that you try to look at a chart of SPY using: 15-minutes for one day, and 1 hour charts for price during 4 days. In each case you will have around...
  11. B

    New guys, now is not the time

    YES, BE A FAT GUY - THAT'S WHY I'M HERE. I KNOW I CAN BE, BUT I ALSO WILL PROBABLY BE "SKINNY" FOR SOME TIME TO COME. JUST AS LONG AS I DON'T GET "SKINNED" :-)
  12. B

    New guys, now is not the time

    Thanks Dustin. I'm a raw newbie. Entered the market in June and saw a 40k gain diminish to a 10K loss today. I'm a recovereing buy and holder, looking to learn about trading, so I'm all ears. Working feverishly to learn technical stuff (I'm solid on the fundamentals, with an acctg. degree and...
Back
Top