Is now the time.

[robbie380]

Quote from nl711:

CD's don't make that much jackass. I want to make some money legitimately.

you won't make any money jackass. just because you think aig won't fail doesn't mean their common stock will be worth a dime. did you ever think of that? the govt isn't letting GM fail maybe you should buy them as well.

 

[Cygnus Atratus]

Do you realise that its just one big position ! This is typical of retail investor behaivour, always nice to see

You would have been better off going to Vegas and getting yourself a couple of working ladies

Quote from nl711:

Thanks to all the well wishers I appreciate that.
Before I found this site I invested in a few stocks to start off. some good some bad but here it is.
Stocks I own:
Name Shares Price Bought/W commis
AAPL 12 88.25
AIG 1000 2.12
C 305 6.59
GS 15 52.84
JPM 50 20.85
MS 83 9.22
F 376 2.18

So some good some bad. two companies im looking at now are NCR and GPN. As for Jan and Feb I'm looking towards oil. Companies like XOM BP Shell and etc.
Stupid AIG will go up maybe in the next 3 years so my plan B on it is to hold it until they pay off the govt and then sell it when it goes way up. Ford I'm selling if it goes to 3 or 3.50.
ms and gs i'm selling soon to take some profits and reinvest.
Any suggestions?
My core plan this first year is to buy a company and then sell it when it is up 30%
The only reason I'm holding off on JPM is because their earnings report comes out in Jan and depending on the news I will sell or wait to sell.
I will screen shot my acct tonight to show the progress

 

[Imba]

Quote from nl711:

I wonder if now is the time to start taking day trading/active trading seriously. The market is so low that it can only go a little farther down but way up. who knows?

The market is sooooo low, that it will hit 300 (S&P) in 2009.

But anyway, if you think that there is a loot of dependance between "when the market start to rise" and "when should i start my intraday trading" - you are wrong.


"Where is the bottom" question really touches you _ONLY_ if you are a long term investor. On any other cases you must be absolutelly ignorant where the market goes and what does it do.



PS: Sorry for my quite poor English.

 

[Anaconda]

Quote from nl711:

CD's don't make that much jackass. I want to make some money legitimately.

You're a moron.

Enjoy losing your money.

 

[IluvVol]

you just demonstrated you have ZERO knowledge of betting strategies nor poker let alone a complete lack of knowledge of financial markets. You know what? I love you for that, cause guys like you feed guys such as me who trade momentum on a diversified set of asset classes (although its pretty much impossible to come by anything lower correlated than 70% these days, forcing me to play reduced size in each separate asset class). Thanks buddy!!!
;-)

Quote from nl711:

I swim with sharks and dance with weasels everyday. I sit down at poker games at least three times a week where there is no less than 10k at the table at all times. I'm not scared in the slightest. I am not going to do options,commidities,futures, or any of that other bs. I'm just going to do straight up stocks. The plan is to buy and then sell when they go up 30%. I will sell if they lose 10%. If I put all my money in one stock I just have to make 30% 9 times. I'm sure I will buy a few different ones so I may have to make 30% a few more than 9 times but who knows. I'm getting in on this game and going to get at least 100k in the first year. Wish me luck. lol nl711

 

[Handle123]

I looked at your choices, but I see all are in downtrend as I see this as huge risk. I don't want to be the first to the party but rather wait for over all trend of the market to be at least not to be steadily going down.

If I absolutely had to buy something XOM and GG come to mind as they are showing continue upmove, but it just too hard to fight the trend, and much easier to sell short almost anything that has a retracement in this downtrend.

If I am going to bottom fish based on govt interaction, it be under 50 cents, so when AIG and Ford gets there, I will buy some and dump half if it gets to a buck.

 

[illinimatt81]

You are not ready. Until you have read and absorbed all you can on risk/capital management, market pyschology, and developed some sort of strategy to employ and have backtested it you are not ready.

However, we will gladly take your capital if you see otherwise.