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    What was the ***last*** thing you had to master before becoming profitable?

    I was out of work for a year and felt like I had to trade every day. Since I went back to work, I started looking at several stocks I am familiar with, and basically traded on what I felt were over-reactions to to a particular event. My strategy (simplified) was the lower a high quality...
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    AAPL capitulation bottom?

    People like me buy Apples products, and investors that focus on Steve's health miss much of the equation. The degree that he actually affects future sales is in dispute, and investors vote with their $$$. Steve is obviously in for rough times, and I wish him the best. I have health issues...
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    did my first swing trade? 340 dollars profit.

    I think GE is a good stock to trade if you want to sleep at night, which I do. Look at how it performs on a down day. Seems like it's support is around 30 and change. I went long 2000 shares when support seemed to be around 32 and sold at 34 and change, and waited until it dipped below 31 to...
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    I am seriously thinking of shorting oil long term

    Yes he did... the new Treasure Secretary.... hmmmm. What did his experience (he was pulled in on the GW's shift) bring to this party ? Seems strange that so many financial (positive and negative) bubbles are occurring now. Oil up 30 pct, mortgage meltdown (coming to a head) credit card...
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    Ge

    I missed the low by 20 cents..... of well. I'm looking for the mid 30s, but I'll probably sell half at 33.30. Maybe with the goof GE dividend, I should just be patient and hope for mid 30s. Large position in XOM also, and goof dividend... two of the largest companies in the US give or take a...
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    Ge

    I'll probably dump the othe half if it trends too far below 33. Seems like it had good relative strength Friday. This dead money stll has the potential to reach the mid 30's
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    Yaaawn buy GLD on the dip

    But I do agree... the $$$ is doomed... all h$ll is breaking loose. I'd like to see a bigger dip. That really big 40 dollar drop before the ralley. On 2nd thought... 87 for GLD is attractive. Buy on the rise ? How about the DBA commodity fund ?
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    Ge

    No stock that trades between 32 and 37 is dead money. The market's amnesia is already starting. I like GE, CVX, AAPL. CVX a bit too high (up 2 bucks after hours), it's usually cheaper than XOM. AAPL is in the middle of it's range, and great, but risky. If Job's dies, AAPL crashes. If Immelt...
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    Ge

    In this market (manic depressive with huge swings) it seems like a good short term play is to play the overreactions. Let's see... Bear Stearns was worth two bucks a share after a small Sunday announcement. Who would think it would be worth 10 bucks now ? A 500 percent gain ? Was that a...
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    STOP blaming your losses on Manipulation

    Guess it depends what you call manipulation. Organized buying and selling ? Sure, how elso can you explain 100, 200, 300 point swings in an hours time. This is random ? It is normal at the moment. Not sure we are fully recessed, or about to be. To much new technology to improve...
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    Are the MM's all in cahoots with each other?

    I (gulp) work at a large Oil company that has a ton of cash to trade, and the two major trading desks are instant message users. The use it to communicate to other traders. The way I see it, there are technically based program buys and sells, that get tripped by human induced buying and...
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    Why iPhone to cause AAPL to tank

    This is the thinking that pervades the market... I think I heard they were cutting production, I think the iPhoone can't send pictures, etc. It's expensive, but so is plastic surgury, neither a necessity, neither going out of business. The iPhone is not their "core" business. Success has...
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    I broke my record today!

    Gotta mix the good news with the bad... with no account size / max capital committed, and year to date performance, is the day record really relevant ? What's your percent gain for the year and we'll compare to the S&P ? Good day, but we need perspective. Ya got excellent, detailed stats...
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    who made money today?

    Not much... shorted the Dow (DXD) at the open yesterday, let it stop out this AM with a .2 point trailing stop, then went long SPY and RIG this AM. I trade with alerts while I make money the hard way. Should have had larger positions so I only made a few hundred. I borrowed money from my...
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    CVX is selling off Why???

    Funny downgrade timing... perhaps someone wants shares of a good company at a discount. CVX has a LOT of oil in the Gulf. I sold at 83 but will buy again. I believe they downgraded Apple in the 80s or 90s or both.... look at it now. Time for another downgrade or mention of options scandle. I...
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    See anything wrong with my strategy?

    Look at the chart on GLD today ! I call it the Monday morning whipsaw. I used Schwab alerts to buy at 65.25, but already owned 25 shares so i could use a "close all" stop before buying shares. My opinion is that the market makers try to shake out the lower stops and the buy on increase orders...
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    Daylight saving time problem

    If you were still on SP1, you must still be running updates as we speak.. You are about two years behind in your patches !
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    CVX opinions wanted

    Hmmmm, I work at CVX and it almost hit 72 last week, now at 67 and change. All most 10 percent down. Underperforming the market, but that may make it a good buy. Looking for low 60's. Most of my buddies just shrug it off as long term. Good company. The major find in the Gulf is not...
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    How Many Traders Were Stopped Out on Tuesday Because of the NYSE FUBAR Hybrid System?

    Major news sources said actual stock prices were not affected. How stupid do they think we are ? Any 12 year old with Yahoo Finance can do a compare against the 200 point plunge in the dow and the price of any other stock. I was in CVX, and it was affected. Stopped out, but it sold around...
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    call me crazy buying OIH and GLD here

    US Consumes way more than it produces, everybody that produces it hates us, and more oil is being sold in Euros causing countries that buy oil to dump dollars. Seems like a bullish case for Oil and Gold to me. Buy them when everybody is shorting and telling you to get out (because they are...
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