| Author | Message | ||
| Kyle Madan (Kmadan)
New member Username: Kmadan Post Number: 4 Registered: 1-2002 |
For those that want to learn A LOT about trading to make money, read read optioninvestor.com. I think they still have a 30 day free trial. They are fairly advanced and you have to get used to their style, but if you read and keep up with them everyday you can learn a great deal and make some money. You must know equity trading basics and at least some option trading basics before reading though. Some background in technical analysis is also useful. They also have what they call "Market Monitor" where they continuously post comments all day. On the weekends they have TONS of article on various trading techniques, etc. I'm not in any way affiliated, just a satisfied customer. | ||
| jeff ryerson (Atheyg)
Junior Member Username: Atheyg Post Number: 71 Registered: 8-2002 |
I have spent several thousand on various charting programs over the past 6 years including Advanced Get $3000, Cycle Trader, Omni Trader I have also experimented with Neural Nets (AI) for predictions etc, easily the biggest obstacle to being a successfull speculator is you own emotions , you can have the best system in the world and when your own money is on the line you will doubt it and second guess it Forget the canned multi thousand dollar systems they are for people who believe in Santa Claus, to be successful in trading it takes the same dedication and training as any other profession such as a M.D. or Lawyer which is why the majority of people lose in trading and a few get rich | ||
| arthur chambers (Art355)
Member Username: Art355 Post Number: 756 Registered: 6-2001 |
Guys: The market fluctations haven't stopped just yet. Don't be surprised for another week or two, maybe more, when the market goes below 8k. Art | ||
| Jim Schad (Jim_schad)
Member Username: Jim_schad Post Number: 398 Registered: 7-2002 |
a friend of mine uses a system where you follow the price against the 10 day moving average. It requires an up market or up and down market to work. In a down market you are just sitting idle with no money in the market. We ran it against about 20 different stocks for various periods and I think they all made money. I kind of gave up on the idea when the market just kept nose diving because your money is idle anyway. | ||
| [email protected] (Modenafan)
New member Username: Modenafan Post Number: 1 Registered: 11-2002 |
this is a little OT..but i was wondering if anyone here uses a system to trade the markets.? | ||
| Rob Lay (Rob328gts)
Board Administrator Username: Rob328gts Post Number: 2611 Registered: 12-2000 |
Not that it's too hard to pick winners in this market, but from my Oct. 23rd recommendations... PCS - up 42% AWE - up 45% TXU - up 25% PFE - up 5% Still not back to even after loses earlier this year, but getting closer | ||
| arthur chambers (Art355)
Member Username: Art355 Post Number: 745 Registered: 6-2001 |
Wm: What I have seen is that the real estate market is the last to fall in a recession, and the last to come back up. I would wait until the market starts recovering. You won't get the absolute best deal, but at least you'll be sure that you know where the bottom was, rather than buying and watching the market drop further. Last time it fell here in California (89) drop was about 20 - 30%. don't know much about Florida's decline. Art | ||
| William H (Countachxx)
Intermediate Member Username: Countachxx Post Number: 1542 Registered: 2-2001 |
Guess I'll wait for the Miami bubble to burst & buy a few luxury apts at deep discounts  I think the RE market will come back from a bubble long before the stock market does | ||
| Lawrence Coppari (Lawrence)
Member Username: Lawrence Post Number: 349 Registered: 4-2002 |
When the S&P goes down, I buy the spyders. When it goes up I sell the spyders. It's a wham, bam, thank you madam thing. | ||
| arthur chambers (Art355)
Member Username: Art355 Post Number: 741 Registered: 6-2001 |
Tom: pimco bond fund. Art | ||
| Jim Schad (Jim_schad)
Member Username: Jim_schad Post Number: 344 Registered: 7-2002 |
Just read an article in Fortune Mag about the real estate market and it does not look good. Inventory on houses in dallas is at 7.2 mo nths which is a high. Also, houses in my neighborhood which are very affordable are sitting on the market for months now. Prices have gotten sky high and with 100% financing and low rates etc people have leveraged themselves to the hilt so one small bump and the house of cards comes down a few notches. | ||
| William H (Countachxx)
Intermediate Member Username: Countachxx Post Number: 1540 Registered: 2-2001 |
I've been hearing about the real estate bubble ready to burst. Refi's & mortgage rates are at all time lows, so that is a great incentive to buy a house but if people think they r going to get fired they wont take on more debt. I want to see double taxation on stock dividends repealed, that could give the economy a boost War with Iraq or N korea? who knows | ||
| TomD (Tifosi)
Intermediate Member Username: Tifosi Post Number: 1566 Registered: 9-2001 |
Art hopefully not enron or worldcom bonds | ||
| arthur chambers (Art355)
Member Username: Art355 Post Number: 740 Registered: 6-2001 |
Wiliam: I don't think we're anywhere near the bottom. The lunatic in the White House is going to get us into a war, he's already pissed off most of our allies, and he won't listen to anyone. I suspect that we will be living with a 7000 dow, maybe lower before he's out. An interesting note on North Korea: They claim that about 2 years ago, we broke the treaty. About the time we had an administration change. A while back I predicted a 7000 dow, we almost got there, but I don't think we're done yet. The economy hasn't hit bottom yet, but the Real Estate market is coming apart, at least here in California, although the press hasn't reported it yet, homes that would have sold, are now on the market with no offers. We got what we paid for here: the oil industry has never had it better, and the rest of us, are mostly not doing as well (except for lawyers, when the economy goes bad we get a lot of business). Hope I'm wrong, but I've seen this before. Dumb leader equals bad economy. I've been in bonds since 3/2000. Art | ||
| ty (360mode)
Junior Member Username: 360mode Post Number: 71 Registered: 9-2002 |
those are my sentiments - i'm not saying that we won't have good weeks like we had recently, but what is going to be the catalyst? the retail customer is holding this economy together but how long can that last? i think we need help from the big boys to really get earnings growing again. but i obviously don't know squat either since i'm still working (although i did move to cash in my 401k a while ago - only smart thing i've done in the last 2 years!) | ||
| William H (Countachxx)
Intermediate Member Username: Countachxx Post Number: 1539 Registered: 2-2001 |
Check tihs out, a friend of mine has been reading reports that say that by Jan 1 2003 ALL US Cos will have to expense their pensions & their stock options which is bound to decimate the profits of most Cos in the Fortune 1000. Its gonna be an Ugly start to the new year. I'm gonna hold off buying till spring 03 | ||
| Rob Lay (Rob328gts)
Board Administrator Username: Rob328gts Post Number: 2519 Registered: 12-2000 |
PCS and AWE both up 22% today after I recomended it yesterday. My luck I sold off about 40% of my AWE to diversify into TXU and PFE yesterday. | ||
| Lawrence Coppari (Lawrence)
Member Username: Lawrence Post Number: 331 Registered: 4-2002 |
It seems to be forming a base. But if I knew what I were doing, I would not have to work. | ||
| Rob Lay (Rob328gts)
Board Administrator Username: Rob328gts Post Number: 2504 Registered: 12-2000 |
My portfolio, but I'm a bottom feeding technical trader too... PCS, AWE, TXU, and PFE. | ||
| Robert McNair (Rrm)
Junior Member Username: Rrm Post Number: 142 Registered: 5-2002 |
IMO this is a good time to pick up blue chip companies. A lot of top co's are at 52 week lows.I still wouldn't be taking too much risk. Good Luck. | ||
| Tyler (Bahiaau)
Member Username: Bahiaau Post Number: 380 Registered: 12-2001 |
William I agree, BA is a good bet at $30. I also like DVID for the short term(risk takers only!). | ||
| William H (Countachxx)
Intermediate Member Username: Countachxx Post Number: 1533 Registered: 2-2001 |
Boeing is down around $30, I saw it at $29 not long ago, that seems like a good bet. Havent checked Lockheed or Northrup lately. Think a nice S&P 500 mutual fund might be a good place to park some $ | ||
| Jim Schad (Jim_schad)
Member Username: Jim_schad Post Number: 324 Registered: 7-2002 |
Gotta figure out what the next runup market will be. What is the next dot com type industry? What are people going to be buying, where is there growth available? Is it going to be a high tech type thing like mobile commerce or a simple grass roots thing like food or home improvements? What a bout energy? Oil, gas, electric, nuclear, solar..alternative power sources. Is that anywhere on the horizon? You guys are all rich and smart so help a little guy out. Marc Cuban said he has pulled "all" his money out of the market and is basically earning 3% in safe places until the market comes back. He thinks that anyone who is looking for a rebound in the next 12 to 18 months is crazy. | ||
| William Huber (Solipsist)
Member Username: Solipsist Post Number: 446 Registered: 9-2001 |
So where can I put some $$$$ in this current market? Something thats defense related? | ||
| William H (Countachxx)
Intermediate Member Username: Countachxx Post Number: 1531 Registered: 2-2001 |
I am under the impression that the market is getting near the bottom. Ive had that impression before but it seems that so much bad news has hit that there is little bad news left to damage the market + some companies are showing increased profits. War clouds with Iraq & N Korea r troublespots. What do you guys think ? My Uncle who used to have a chair on the NYSE said that these are the days when fortunes are made |