Getbig Bodybuilding, Figure and Fitness Forums
September 22, 2014, 07:32:46 AM *
Welcome, Guest. Please login or register.

Login with username, password and session length
 
   Home   Help Login Register  
Pages: [1]   Go Down
  Print  
Author Topic: 2-25-08 Bought Western Digital Today (WDC) at $31.70  (Read 2673 times)
chainsaw
Getbig IV
****
Gender: Male
Posts: 3037


« on: February 25, 2008, 09:15:45 AM »

It shot out of a base today and under heavy accumulation and hitting a 52 week high.
Been reading Investors Business Daily, and following Bill O'neil's buying and selling rules.

Anyone interested in stocks can do no better than reading How To Make Money in Stocks by
Bill Oneil and subscibing to IBD.

www.investors.com for a free 2 week trial.

Anyone else into IBD or Into CANSLIM?

Report to moderator   Logged

Most are all show no go!
emn1964
Getbig V
*****
Gender: Male
Posts: 6082

Getbig!


« Reply #1 on: February 26, 2008, 09:31:47 AM »

Has anyone ever used the BusinessWeek program to buy and sell?  I had a free subscription to the service for a while and did some paper trades but never actually pulled the trigger on anything.  My broker has me in a good allocation of mutual funds and I was looking to just play a little with some equities (instead of going to Atlantic City).
Report to moderator   Logged
onlyme
Getbig V
*****
Gender: Male
Posts: 19351


Don't Fuck With Bears


WWW
« Reply #2 on: March 22, 2008, 10:36:17 AM »

The only time i was going to dabble in stocks was back in the 80's with Nastech Pharmaceuticals.  I was going to purchase 1,000,000 shares at a penny a piece but my attorney said NO.  Now look up that stock and tell me what it is worth now.  Yes I screwed up royally
Report to moderator   Logged
youandme
Getbig V
*****
Posts: 8570

GET IT


« Reply #3 on: March 22, 2008, 01:40:18 PM »

Hmm if you bought it on the advice of reading O'Neil then you better be ON TOP of it. He is a momentum investor, and you had better of bought on at least three signals and one of them was buying on 3 green lights with him DJIA, SPX, and NAS, don't hold that sucker for longer than 2 weeks (The absolute most) with momentum driven purchases.

Report to moderator   Logged
Bobby
Getbig V
*****
Gender: Male
Posts: 5101

is da lordes plan


« Reply #4 on: June 12, 2008, 03:23:30 AM »

Yes it is interesting!

where do you have an account? on the internet, where you can monitor, buy and sell easily yourself?
Report to moderator   Logged

tank u jesus
Bobby
Getbig V
*****
Gender: Male
Posts: 5101

is da lordes plan


« Reply #5 on: June 13, 2008, 03:48:10 AM »

What advice would you give to someone who is new to this, where and how should they start?
Report to moderator   Logged

tank u jesus
Bobby
Getbig V
*****
Gender: Male
Posts: 5101

is da lordes plan


« Reply #6 on: June 14, 2008, 05:13:41 AM »

Have you been involved in this for a long time? what are your experiences, living in a mansion now? Cheesy
Do you do this as a fulltime thing? If you don't mind me asking.. I do find this very interesting!
Report to moderator   Logged

tank u jesus
Bobby
Getbig V
*****
Gender: Male
Posts: 5101

is da lordes plan


« Reply #7 on: June 14, 2008, 11:39:18 AM »

Wow so it's alot harder to be succesful at this than it seems then. I thought it was more of a money issue, the rich get richer etc.. but it seems to be more about luck then?..

It would be nice to sit back and let your money work for you, not very good if they get fired tough.
Report to moderator   Logged

tank u jesus
Bobby
Getbig V
*****
Gender: Male
Posts: 5101

is da lordes plan


« Reply #8 on: June 15, 2008, 11:42:29 AM »

haha you mean greed, the will to stay with something longer than you should.
Report to moderator   Logged

tank u jesus
Bobby
Getbig V
*****
Gender: Male
Posts: 5101

is da lordes plan


« Reply #9 on: June 16, 2008, 04:05:02 AM »

Interesting! i thought it would be smart to get out quickly when you've made a little profit.
Get out fast when it's dropping... i take it, it is very rare that it will go up again?
Report to moderator   Logged

tank u jesus
Bobby
Getbig V
*****
Gender: Male
Posts: 5101

is da lordes plan


« Reply #10 on: June 16, 2008, 11:48:29 AM »

wow i'm really learning some stuff here! what is a 'pull back' ? uptrend means it has already started to increase in value, right?

What kind of money should one have saved up before they start trading small? I got some, but i don't feel like i have anywhere near enough knowledge to start yet.
Report to moderator   Logged

tank u jesus
Bobby
Getbig V
*****
Gender: Male
Posts: 5101

is da lordes plan


« Reply #11 on: June 20, 2008, 05:11:21 AM »

Uptrend is higher lows and higher highs - draw the uptrend line thru the lows
Downtrend lower lows and lower highs - draw the downtrend line thru the highs

Buy pull backs to the uptrend line; short rallies to the downtrend line

To start you needs at least 25k to open a day trading account.  More than 4 rount trip trades in 5 days and the SEC considers you a day trader.  You get 4:1 margin but must maintain 25k in your account.

If you do less than 4 trades a week, you are not a day trader, you are an investor and get 2:1 margin.  Minimum for account is low like 1-2k.

To start realistically you need 50-100k to trade with.  Because you are starting you will lose most of it before you start to make money, so 100k is better.  And I think it is better to do it from time to time and work a regular job inbetween because it takes a long time to get good enough to make money consistantly and it can drive you crazy in the beginning losing all the time.

Daytrading is too advanced for me, investing would be better then. What exactly does a 2:1 margin mean? Can you tell me more about being an investor and what it means? Are you doing that or daytrading?
Report to moderator   Logged

tank u jesus
4thAD
Guest
« Reply #12 on: July 06, 2008, 09:42:17 AM »

It shot out of a base today and under heavy accumulation and hitting a 52 week high.
Been reading Investors Business Daily, and following Bill O'neil's buying and selling rules.

Anyone interested in stocks can do no better than reading How To Make Money in Stocks by
Bill Oneil and subscibing to IBD.

www.investors.com for a free 2 week trial.

Anyone else into IBD or Into CANSLIM?



Have you ever read or followed the advice of Bob Brinkers Market timer? Golden IMO.
Report to moderator   Logged
4thAD
Guest
« Reply #13 on: July 06, 2008, 05:17:44 PM »

just different market indicators. He's been very successful for a very long time.

Long-Term Marketimer Model Portfolio Performance

Portfolio    Dollar Value
on 6/30/2008    Percent
Increase
Portfolio I
($20,000 value on 1-1-88)    $250,330    1,152%
Portfolio II
($20,000 value on 1-1-88)    $204,952    925%
Portfolio III
($40,000 value on 3-1-90)
(this portfolio has a 50% fixed-income allocation)    $201,007    403%

Performance in Recent Years

20 years ended 12-31-2007 for all Model Portfolios:
Portfolio I: 1,319%
Portfolio II: 1,045%
S&P 500 Index: 798% (VFINX)

10 years ended 12-31-2007 for all Model Portfolios:
Portfolio I: 304%
Portfolio II: 211%
Portfolio III: 129% (balanced portfolio with 50% fixed-income position)
Active/Passive: 189%
Total Stock Market Index: 83% (VTSMX)
S&P 500 Index: 76% (VFINX)

5 years ended 12-31-2007 for all Model Portfolios:
Portfolio I: 122%
Portfolio II: 118%
Portfolio III: 72% (balanced portfolio with 50% fixed-income position)
Active/Passive: 110%
Total Stock Market Index: 91% (VTSMX)
S&P 500 Index: 81% (VFINX)

3 years ended 12-31-2007 for all Model Portfolios:
Portfolio I: 35%
Portfolio II: 33%
Portfolio III: 26% (balanced portfolio with 50% fixed-income position)
Active/Passive: 33%
Total Stock Market Index: 29% (VTSMX)
S&P 500 Index: 28% (VFINX)

1 year ended 12-31-2007 for all Model Portfolios:
Portfolio I: 9.2%
Portfolio II: 9%
Portfolio III: 7.9% (balanced portfolio with 50% fixed-income position)
Active/Passive: 6.5%
Total Stock Market Index: 5.5% (VTSMX)
S&P 500 Index: 5.4% (VFINX)
Report to moderator   Logged
4thAD
Guest
« Reply #14 on: July 06, 2008, 05:18:42 PM »

http://www.bobbrinker.com/
Report to moderator   Logged
Pages: [1]   Go Up
  Print  
 
Jump to:  

Theme created by Egad Community. Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2013, Simple Machines Valid XHTML 1.0! Valid CSS!