Anyone here into trading?

[kickinindian]

I used to trade pokemon cards.

i wish i would have saved my first gens!

[Hooffenstein HD]

I used to trade pokemon cards.

[Pantless Spency]

yea my stock is like only $1.50 per share i plan on working up to "normal" shares though

i hope robinhood implements commodities eventually though.

Wouldn't hold your breath.

But I also hope so.

[kickinindian]

yea my stock is like only $1.50 per share i plan on working up to "normal" shares though

i hope robinhood implements commodities eventually though.

[mbonder]

Honestly, the ones that I've been watching are ETFs. With either 2x or 3x the market they have good volatility and you can make some quick money if you time them correctly.

My favorites are TNA, TZA, YINN, and CHAU.

TNA especially has offered several opportunities since October to make 10-20% in a matter of a week or two. For instance it dropped to $59 this past thursday and has rallied to $67 before dropping to $65 today. So if you timed it right you could have made over 10% in 3 days, not bad…

YINN is even more volatile as China has been really up and down, but that dropped to $14 in October and then rebounded to $26 in a matter of 3 weeks, nearly 50% profit.

All of this is great if you've got the money to invest, which I didn't, but I pay attention to them for the time when I will have some money to play with

[Pantless Spency]

picked up a few shares of ACW (accuride) its up 5% in 2 days worth a look.

Interesting.

[kickinindian]

picked up a few shares of ACW (accuride) its up 5% in 2 days worth a look.

[kickinindian]

told ya no fee is the shit. idk how long they can keep their business model but for now they can keep the interest off of my account.

[Pantless Spency]

Spence, here's my advice. Just play with a few bucks, but get a http://www.coinbase.com/ account. Bitcoin is extremely volatile so if you want to play with day-trading it's a great sandbox (and the transaction fees from Coinbase will be pennies).

Then start reading the news, global economy and politics, like it's your new religion. NY Times, BBC, and the Economist are a good start. This will give you some insight into why markets do what they do.

Example: Why is Bitcoin up ~$50USD over the past month? China is 1.) devaluing their currency again, and 2.) more rigidly enforcing laws that prohibit moving money out of the country. So; flight of Chinese liquid assets into an anonymous currency that doesn't know or care what country you're in is not at all surprising.

#1 above is also the reason the stock market is slightly depressed; so I'm down a few bucks in those investments, but not as much as I'm up in BTC value.

I'll have to check that out. Thanks man.

Yeah I've just mostly been sitting on the sidelines, learning, watching, if something flys like ATV did two weeks ago I'll jump on it.


Now with robinhood though I don't have to worried about stupid fees. So I can throw like $100 at a bounce of a 0.20 cent stock, make like %10 return and cash out.

[decay]

Spence, here's my advice. Just play with a few bucks, but get a http://www.coinbase.com/ account. Bitcoin is extremely volatile so if you want to play with day-trading it's a great sandbox (and the transaction fees from Coinbase will be pennies).

Then start reading the news, global economy and politics, like it's your new religion. NY Times, BBC, and the Economist are a good start. This will give you some insight into why markets do what they do.

Example: Why is Bitcoin up ~$50USD over the past month? China is 1.) devaluing their currency again, and 2.) more rigidly enforcing laws that prohibit moving money out of the country. So; flight of Chinese liquid assets into an anonymous currency that doesn't know or care what country you're in is not at all surprising.

#1 above is also the reason the stock market is slightly depressed; so I'm down a few bucks in those investments, but not as much as I'm up in BTC value.

[Pantless Spency]

I love reading about the misadventures of Spencer's pants. It's like you have the worst luck, but you usually mean well. And somehow you stay positive throughout, which is also nice to see.

my parents raised me right :D
and R3V hardened me like forged steel, you have to have thick skin on here, especially if your pantless spency.

[phreshkid]

Yeah I hear if you are trading too often, like more than 5 buy/sell a week, you'll get fucked at the end of the tax season.

I was messing around with td Ameritrade until I got fucked the other day.

Only shares I've had is 110 shares of gbsn, I bought in at like 0.17 ($40 worth after fees -.-)
a share, lately it's just been going lower and lower, I still check up on it daily to see if it shot up.
Log in the other day and gbsn is $5 a share! I'm like yippee time to sell! Go to my shares and I have 1 share I'm like wuttttt. They did a 60:1 reverse split, I'm like okay whatever, but then td Ameritrade charged me $38 for organizing fees :hitler:

So now I'm like $80 in on one share at $5 and I'm like maannnnnnn fuck that lol.

Took all my money out of td Ameriscam and put it in a robinhood account.

I love reading about the misadventures of Spencer's pants. It's like you have the worst luck, but you usually mean well. And somehow you stay positive throughout, which is also nice to see.

[Pantless Spency]

Yeah I hear if you are trading too often, like more than 5 buy/sell a week, you'll get fucked at the end of the tax season.

I was messing around with td Ameritrade until I got fucked the other day.

Only shares I've had is 110 shares of gbsn, I bought in at like 0.17 ($40 worth after fees -.-)
a share, lately it's just been going lower and lower, I still check up on it daily to see if it shot up.
Log in the other day and gbsn is $5 a share! I'm like yippee time to sell! Go to my shares and I have 1 share I'm like wuttttt. They did a 60:1 reverse split, I'm like okay whatever, but then td Ameritrade charged me $38 for organizing fees :hitler:

So now I'm like $80 in on one share at $5 and I'm like maannnnnnn fuck that lol.

Took all my money out of td Ameriscam and put it in a robinhood account.

[nando]

be careful with taxes as well. If you aren't careful with how you buy/sell you could end up having to document 100's of trades come tax time.

[nrubenstein]

People who are really good at this don't generally share the info. And the real money is algorithmic. It's very hard to beat people whose primary latency problem is the speed of light.

Day trading only works at all of you have a lot of free time to focus on it. Which, you know, rather conflicts with having a job - and which makes it that much more important to have a reasonable chunk of cash that you can afford to lose.