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Getbig Main Boards => Gossip & Opinions => Topic started by: Frank Clairmonte on July 20, 2012, 10:59:17 AM

Title: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Frank Clairmonte on July 20, 2012, 10:59:17 AM
Tell us how much are you making and your favourite stocks.
(http://lov-3.net/wp-content/uploads/2011/08/1312497076-56.jpg)
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: NarcissisticDeity on July 20, 2012, 11:01:21 AM
Tell us how much are you making and your favourite stocks.
(http://lov-3.net/wp-content/uploads/2011/08/1312497076-56.jpg)

Bernie Madoff is promising 15% returns seems legit , I have all my money with Bernie
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Coach is Back! on July 20, 2012, 11:39:34 AM
You'd have to be semi-retarded to put money in the markets now.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Nails on July 20, 2012, 12:55:15 PM
Que the getbigger that would always post a spread sheet of his stocks and his gold rolex
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Game Time on July 20, 2012, 01:24:30 PM
You'd have to be semi-retarded not to. Sorry man. You're wrong. Want me to go into it with a rant?
What would you invest in right now?

Until the market sees a significant correction you should not be buying long term investments. I'm a trader btw so I would love to talk shop lol
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: _bruce_ on July 20, 2012, 02:02:30 PM
Crude, corn, silver

and a ticket to AustralAsia.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Coach is Back! on July 20, 2012, 02:27:29 PM
What would you invest in right now?

Until the market sees a significant correction you should not be buying long term investments. I'm a trader btw so I would love to talk shop lol

I'm not a trader but I know a volatile market especially with the euro countries, it kills us. Example is the day before we were NYSE was up today it's down -120. We've taken a huge hit in our mutual funds and 401k. I'm not a big risk taker.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Andy Griffin on July 20, 2012, 02:35:38 PM
What would you invest in right now?

Until the market sees a significant correction you should not be buying long term investments. I'm a trader btw so I would love to talk shop lol

I am half trader, half investor.  

Through careful study, one can (not necessarily will, but can) make money in any market condition.  Not that I always succeed (I have gotten killed the last couple days on CHK, which I am long on) but I win more than I lose.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: orion on July 20, 2012, 02:39:42 PM
I made my millions with BreX
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: jude2 on July 20, 2012, 05:21:56 PM
Glad I sold CMG at 400, before today.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Andy Griffin on July 20, 2012, 05:24:06 PM
Glad I sold CMG at 400, before today.

Well done, sir.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Game Time on July 20, 2012, 05:26:10 PM
I am half trader, half investor.  

Through careful study, one can (not necessarily will, but can) make money in any market condition.  Not that I always succeed (I have gotten killed the last couple days on CHK, which I am long on) but I win more than I lose.
Technicals or fundamentals?
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: jude2 on July 20, 2012, 05:27:03 PM
Well done, sir.
It was a good ride while it lasted.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Andy Griffin on July 20, 2012, 05:28:06 PM
Technicals or fundamentals?

Actually, I am trying to study both.  Sort of approach the matter from two different perspectives.

There is so much to learn, and sometimes I just go with a "gut feeling" 
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: orion on July 20, 2012, 05:34:06 PM
what is brex?


does anyone invest in the companies making unmanned drones for the us military?

It was a phony Canadian gold mine.  Stocks skyrocketed for a couple of months then they found that it had minimal amount of gold. Ceo and president cashed out before the truth came out, making hundreds of millions.  Everyone else took a bath.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Andy Griffin on July 20, 2012, 05:35:54 PM
It was a phony Canadian gold mine.  Stocks skyrocketed for a couple of months then they found that it had minimal amount of gold. Ceo and president cashed out before the truth came out, making hundreds of millions.  Everyone else took a bath.

Some folks in the investment world call that a "pump and dump," but that term would have so many different meanings on this forum.   :-X
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Game Time on July 20, 2012, 05:50:53 PM
I'm not a trader but I know a volatile market especially with the euro countries, it kills us. Example is the day before we were NYSE was up today it's down -120. We've taken a huge hit in our mutual funds and 401k. I'm not a big risk taker.
We've only seen a 11% correction to date, most of that has been recovered.

There has been some massive blow ups on individual stocks: TPX, RAX, CMG, NFLX, WYNN, GMCR, LVS, IBM, INTC, SNDK

Same thing happened last year, the market rallied up on low volume going into options exp (ended this week). After options exp things got really ugly. I expect the same result this yr and would not be surprised to see a repeat of 2008.  

Protect your profits, put stop losses in so you're positions aren't underwater. You can always buy back at the lows.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: doison on July 20, 2012, 07:16:51 PM
The roads never give me money.  Been thinking about taking a different route to work next week though.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: G_Thang on July 20, 2012, 07:25:52 PM
Glad I sold CMG at 400, before today.

Their CEO said food sales should better in the colder months.  How about selling prime meat in those burrito bowls.  They should me fatty chicken for $8, and I haven't been back in over a year.  And they are Colorado (fucking hate this state) base.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: DroppingPlates on July 20, 2012, 07:30:40 PM
Never marry a stock, 'investing' is pretty outdated.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Coach is Back! on July 20, 2012, 08:44:14 PM
We've only seen a 11% correction to date, most of that has been recovered.

There has been some massive blow ups on individual stocks: TPX, RAX, CMG, NFLX, WYNN, GMCR, LVS, IBM, INTC, SNDK

Same thing happened last year, the market rallied up on low volume going into options exp (ended this week). After options exp things got really ugly. I expect the same result this yr and would not be surprised to see a repeat of 2008.  

Protect your profits, put stop losses in so you're positions aren't underwater. You can always buy back at the lows.

I've always been afraid to invest in a stock. Probably because I don't know enough.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: orion on July 20, 2012, 08:50:25 PM
I've always been afraid to invest in a stock. Probably because I don't know enough.

Buy low, sell high.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: MikMaq on July 20, 2012, 08:54:23 PM
How illegal is it to invest in industries to buffer your losses, I.E. if your a transit company worried about high fuel prices, why not buy up fuel stocks to counter any  changes in the market.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: The Abdominal Snoman on July 20, 2012, 09:46:21 PM
I've always been afraid to invest in a stock. Probably because I don't know enough.

Good post. Most people in the market don't belong there. They hire an investor to invest their money and have no clue what he/she is doing. Talk about taking a chance. Silly.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Big Chiro Flex on July 20, 2012, 11:23:48 PM
Some folks in the investment world call that a "pump and dump," but that term would have so many different meanings on this forum.   :-X
Can you provide pictured illustrations of this said "pump and dump" sir?
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Andy Griffin on July 21, 2012, 03:28:02 AM
How illegal is it to invest in industries to buffer your losses, I.E. if your a transit company worried about high fuel prices, why not buy up fuel stocks to counter any  changes in the market.

That's not illegal.  What you are talking about is called "hedging," and wise traders/investors do it all the time.  Some people hedge by doing what you suggest, others use options. 
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Andy Griffin on July 21, 2012, 03:29:14 AM
Can you provide pictured illustrations of this said "pump and dump" sir?

Ron told me I would be banned for life if I did.   :-X
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: ob205 on July 21, 2012, 05:19:06 AM
ARNA bet on USA obesity,  went from $2 to $11, little regression now.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: JBGRAY on July 21, 2012, 05:26:00 AM
Equate stock traders with poker players.  Do poker players make a lot of money?  Some make millions doing it.  Even with the best poker minds, a bad draw can mean losing tens of thousands so there is chance involved.  Great skill can level that chance out.

I'm not a great poker player.  If you're not a great stock trader(or have insider tips like many of our politicians do) don't bet on the stock market.  You might as well be the 80 year old chain smoking lady at a Vegas slot machine just throwing her money away like a boss.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: MikMaq on July 21, 2012, 05:33:50 AM
Equate stock traders with poker players.  Do poker players make a lot of money?  Some make millions doing it.  Even with the best poker minds, a bad draw can mean losing tens of thousands so there is chance involved.  Great skill can level that chance out.

I'm not a great poker player.  If you're not a great stock trader(or have insider tips like many of our politicians do) don't bet on the stock market.  You might as well be the 80 year old chain smoking lady at a Vegas slot machine just throwing her money away like a boss.
Meh it's best to think of it, like adopting an african or something, you may not actually be succesful but the hope is always there.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Andy Griffin on July 21, 2012, 12:06:49 PM
Equate stock traders with poker players. 

I see what you are saying, but I don't take it quite that far.  I look at trading securities like I would look at trading junk from yard sales. 

Let's say, for example, that I find an old hammer at a yard sale.  I buy it for a dollar, and the next week, I have a yard sale of my own and sell it for two dollars.  100% profit.

Obviously, trading securities is more complicated that this; I'm just sharing the underlying principle.  Most of these "day trader" types do no research and operate on "hunches" (or "press releases" from pump and dump machines), while trying to earn $1MM off of a single $5 penny stock purchase.  If they focused on finding undervalued securities and taking 10-20% gains (after commissions and taxes), they would do far better.  A 10% gain in a month equates to a 120% annual return but too many people want to double their money every five minutes and that unrealistic goal leads to poor trading decisions.

Again, I'm not discounting what you mention about possible corruptions in the market, I'm just saying that wise trading is not gambling in the truest sense of the word.

And to make this post bodybuilding related...

(http://1.bp.blogspot.com/-gJ9Yw5EtXME/TWZ5sBVz-BI/AAAAAAAAAfw/jBfLMoGCvsY/s1600/arnold-schwarzenegger-20060109-99364%255B1%255D.jpg)
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Game Time on July 21, 2012, 02:07:27 PM
I see what you are saying, but I don't take it quite that far.  I look at trading securities like I would look at trading junk from yard sales. 

Let's say, for example, that I find an old hammer at a yard sale.  I buy it for a dollar, and the next week, I have a yard sale of my own and sell it for two dollars.  100% profit.

Obviously, trading securities is more complicated that this; I'm just sharing the underlying principle.  Most of these "day trader" types do no research and operate on "hunches" (or "press releases" from pump and dump machines), while trying to earn $1MM off of a single $5 penny stock purchase.  If they focused on finding undervalued securities and taking 10-20% gains (after commissions and taxes), they would do far better.  A 10% gain in a month equates to a 120% annual return but too many people want to double their money every five minutes and that unrealistic goal leads to poor trading decisions.

Again, I'm not discounting what you mention about possible corruptions in the market, I'm just saying that wise trading is not gambling in the truest sense of the word.

And to make this post bodybuilding related...

(http://1.bp.blogspot.com/-gJ9Yw5EtXME/TWZ5sBVz-BI/AAAAAAAAAfw/jBfLMoGCvsY/s1600/arnold-schwarzenegger-20060109-99364%255B1%255D.jpg)

Any day trader who trades on "hunches" will blow up his account fast. If you don't put the research in or know how to read charts you will not be successful. This is a very competitive and unforgiving industry. Most hedge funds don't make 10% in a year, let alone 120% returns.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: Andy Griffin on July 21, 2012, 02:24:46 PM
Any day trader who trades on "hunches" will blow up his account fast. If you don't put the research in or know how to read charts you will not be successful. This is a very competitive and unforgiving industry. Most hedge funds don't make 10% in a year, let alone 120% returns.

Exactly.  Funds typically can't perform as well as a skilled, disciplined individual trader (they have so many req's to meet). Plus, hedge funds are predominantly "defensive" in nature. 
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: DroppingPlates on July 21, 2012, 02:26:16 PM
no shit, but that advice is about as indepth and usefull as saying, "to live, breathe in, then breathe out".

cant predict the future.

It's not about predicting, it's about minimizing the deviation.
Successful trading is all about having a good timing strategy and the guys who make big bucks are the silent ones.
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: POB on July 21, 2012, 05:39:53 PM
Invest in T it's not volatile like other stocks and worse you'll do is a 5% return as far as dividend. Doesn't matter if you like the company, put your $ where it will grow 8)
Title: Re: STOCKS, NYSE, NASDAQ - Are you making money like a big boss?
Post by: jude2 on July 21, 2012, 06:51:18 PM
2 stocks that I am getting a great return on and yield is AGNC and NLY. I don't know how long it will last, but it has been great so far. So be careful.