Fed Announces Rates!! Massive market Surge!! I Am Right

Great day today

nasdaq down just a measly .6%...but it will probably close green today because it has flattened out nicely thus far today and is setting up for a big pop.

AAPL is up 12% easily putting me ahead for that stock

Chap also up 1%

goog also up 1%

TIE down 3%

Hans down 1%

So far, a good day overall
 
Quote from stock_trad3r:

nasdaq down just a measly .6%...but it will probably close green today because it has flattened out nicely thus far today and is setting up for a big pop.
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You were saying...:confused:
We're going to need quite a rally for that.

Seriously stock_trad3r, you're letting your ego get in the way. Once you come to realization you don't know much, then you can start your true education of the markets, that is, if you want to make a living trading.

A good starting point would be to use the ET search function and look for some books that could help you. I liked "High Probability Trading" by Marcel Link, I think the book is organized very well. It does a pretty good job giving you the idea of what's needed to build a system and trade. It doesn't go into great depth on any subject but it will give you a starting point.
 
Quote from stock_trad3r:

And your still posting here...

Crybabies who sell when times get tough DON'T make money in stocks. That simple.
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Yes, I am not worthy. Please teach me your secrets of how to hold onto losing stocks. Show me how to have confidence in a shrinking portfolio, and better yet, show me how to live in denial.
 
Quote from stock_trad3r:

And your still posting here...

Crybabies who sell when times get tough DON'T make money in stocks. That simple.
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actually - when times get tough, you should sell. (uncovered of course :cool: )
 
Quote from stock_trad3r:

And your still posting here...

Crybabies who sell when times get tough DON'T make money in stocks. That simple.
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not to bash - but all of your stocks are down - aapl will still go down, and i'm long oct calls. i played TIE quite a bit and ended up coming out just a bit ahead because of the way it moved. I learned that the momentum stocks that go up will come down fast, but to make money you should play both sides of the trend. TIE is dead in the water and will break down below 20. Until the broader trend reverses, every up day will get sold off shortly after.

everything is getting sold off right now. the only thing out there that is cheap is gold. it's all I hold in my trading account right now - sans the aapl - besides worthless UVN calls. (fuckin TV....) :)

(disclaimer: these are the ramblings of someone that's still learning.)

-kk
 
I know what i'm doing. With the exception of TIE, the other four stocks are flat or only down a little. Since it is an average, TIE's steep decline is lessened.

Yea this sucks but for the sake of this experiment i have to report all five stocks. I myself don't own as much TIE. I sold some of it and moed it into Hand and goog. But that asside, it is best to be patient when investing.

The nasdaq is lower, but that doesn't mean it can't rebound again. The question I pose is "Are things REALLY that bad?". How much lower can the markets go when there is no difinitive indicator something is 'very wrong'?

The mid east situation doesn't affect us. Iran is just a bunch of hot air. Ireal/lebanon conflict is olmost over and doesnt affect America.

North korea..more hot air.

Oil prices falling ...all the way back to 73 from a high of 78. So much for the $80 target..lol

And companies reporting great earnings overall with the exception of intel a great quarter.

Rates may go up for a few more sessions but will level off eventually. Sure it may cause a slowdown in economy but the US economy is very developed so we would expect it to continue slowing.

I just dont sell a very compelling reason for the overall market to keep going much lower. Things should pick up.

I'll check out some reading materials. The last book I read was the Canslim book by oneil which I found to be too situational.
 
Quote from stock_trad3r:


The nasdaq is lower, but that doesn't mean it can't rebound again. The question I pose is "Are things REALLY that bad?". How much lower can the markets go when there is no difinitive indicator something is 'very wrong'?

The mid east situation doesn't affect us. Iran is just a bunch of hot air. Ireal/lebanon conflict is olmost over and doesnt affect America.

North korea..more hot air.

Oil prices falling ...all the way back to 73 from a high of 78. So much for the $80 target..lol
More...

Oil is still going to break 80 - then run to 100 because of covering and panic buying. The action the past week has been profit taking. It's not that the mid east affects us, but there is a perception that bad things in the middle east/holy land will cause global problems.

I've recently changed my trading style and am much more comfortable with my understanding of the markets; you said something that speaks directly to my new perception: "How much lower can the markets go when there is no difinitive indicator something is 'very wrong'?"


My new style is this: the market is it's own indicator. Look at the instruments you trade, the nas is telling us that there is something wrong in tech. The fact that gold recently ran up and the gold company stocks didn't follow in lock-step like earlier this year is an indicator that there is a new disjoin and rotation ongoing - also that something is wrong with equities.

Look how aapl moved today: the company was priced for correction.(i just made that up!) What I mean is that the stock price was reflecting poor expected growth and the pop in the stock price means the market was caught off-guard by the good growth and pulled a 180 on sentiment. BTW - Kudos to Jobs for not providing more transparancy in the face of whinny analysts. Don't do their job for them. If we do not see a follow-through day on heavy volume for aapl, it will sink again with the rest of the nas. google has the ability, if they blow away numbers, to breathe life into the nas after the aapl setup.


Overall, I still think things are murky. We have the chance to reverse trend here to the upside, but we need a string of wins with good volume. A Dow 200+ day is worthless if the last 5 were down 70. I think that as long as voloatility is up we will see these violent pops. I do not personally see a new trend being established for 60-80 days.


-kk
 
Quote from stock_trad3r:

I know what i'm doing. With the exception of TIE, the other four stocks are flat or only down a little. Since it is an average, TIE's steep decline is lessened.

Yea this sucks but for the sake of this experiment i have to report all five stocks. I myself don't own as much TIE. I sold some of it and moed it into Hand and goog. But that asside, it is best to be patient when investing.

The nasdaq is lower, but that doesn't mean it can't rebound again. The question I pose is "Are things REALLY that bad?". How much lower can the markets go when there is no difinitive indicator something is 'very wrong'?

The mid east situation doesn't affect us. Iran is just a bunch of hot air. Ireal/lebanon conflict is olmost over and doesnt affect America.

North korea..more hot air.

Oil prices falling ...all the way back to 73 from a high of 78. So much for the $80 target..lol

And companies reporting great earnings overall with the exception of intel a great quarter.

Rates may go up for a few more sessions but will level off eventually. Sure it may cause a slowdown in economy but the US economy is very developed so we would expect it to continue slowing.


I'll check out some reading materials. The last book I read was the Canslim book by oneil which I found to be too situational.
More...

If you wish to be a better than average stock trader you have to cut your losses. You can always get back in at another time. You are hoping for huge moves that are just not going to happen consisistently in this type of market. You are acting like a baby that cannot admit they are wrong. YOU ARE WRONG, GET OVER IT, AND LEARN SOMETHING FROM IT!!!!

You said the following on June 29th
I will reiterate my top picks:

Hans

Goog

Tie

Appl

Chap

Buy these and you will make a fortune in the next months.
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Now I have to assume you own these stocks at an even higher price than on June 29th, but I will give you the benefit of the doubt. Remember you did say that these stocks made over 20,000 dollars for you which of course no one believes,

Hans on June 29th was selling for 46.06 it is now 46.55 and is probably ok to hold as it is a good saftey stock as things get worse. Please keep in mind that if things get better this stock might go lower as people move their money to other sectors.

Google was selling for 417.81 it is now at 393. If you learn anything about the market always remember that high flyers are the first to tank in a downturn market. When they do tank they normally don't recover. Google does not fall into this category, but it certainly can drop 20 percent for quite a long time. That is not a prediction, just an observation. Risk under these conditions for this stock are high. People have made a fortune on this stock and they are going to protect their profits at all costs. Google reports earnings today or tomorrow. The stock is going to move quite a bit one way or the other rather drastically.


TIE is an absolute joke. This is a total momentum play and when momentum plays go sour they go WAY SOUR. TIE was at 33.48 on the day of your post, and is now at 26.06 for a whopping 23% loss. There is no excuse to hold this stock for any reason. Even if you purchased it today, you have more than 7 dollars downside risk MINIMUM with only 2 or 3 dollars upside gain.

CHAP was at 71.81 when you recommended it. It is now 69.92. Another steel stock. So much for diversification with two metal companies out of 5 total stocks. There is nothing technically wrong with this stock. You just have to know something about metals companies and what typical p/e's are for metal companies in NORMAL MARKET CONDITIONS. The stock has tripled this year. Again, in a down market people will have a tendency to protect their profits so if it does start to drop it is going to TANK. There is not much upside potential but a whole lot of downside potential. Again, you must look at risk vs reward to make an intelligent decision. I can tell you one thing. When this steel company loses its fancy with wallstreet, and there are better stocks to buy this stock will ultimately drop into the 30's.

AAPL. I love apple and have made a fortune with this stock over the past 3 years. Nevertheless on 6/29 it was 58.97. It is now 60.94. Great stock, great company, but it has 45-50 written all over its face in this type of market.

Needless to say, if anyone followed your advice to "Buy these and you will make a fortune in the next months. " they will probably be hunting you down with a machine gun in the next few months."

I'm sorry to say that you just plain have no clue as to what you are doing. The sooner you realize it, the better off you will be.

Successful traders or investors have rules. No gut instincts allowed.

Just remember one thing. Bad trading only affects YOU. It has no effect on anyone else. So who are you really kidding?
 
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