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2
Posted on 7/17/13 at 2:27 pm to C
Yep. I'm an idiot. Thanks. 
Posted on 7/17/13 at 2:28 pm to ell_13
quote:First, he asked me a question and I answered it, sort of. If you prefer not to believe me, that's okay with me.
If I believe you that you have a huge portfolio (why shouldn't I?), then why would I believe you would make that move for just $350?
Second, check your math. I made almost double the $350 you said I made, and the time elapsed to make it was less than two hours.
And third, I consider the day trading as sort of a paying hobby which I enjoy doing.
Posted on 7/17/13 at 2:29 pm to C
quote:This.
I think he meant 4000 shares
Posted on 7/17/13 at 2:30 pm to LSURussian
When I said I was an idiot, I was including my math. Lost a decimal place. Would have been $35. 
This post was edited on 7/17/13 at 2:31 pm
Posted on 7/17/13 at 2:31 pm to ell_13
Yeah I wasn't sure how you got $350...
Posted on 7/17/13 at 2:31 pm to ell_13
Posted on 7/17/13 at 3:19 pm to LSURussian
Russian - Who is your online broker? How much commission do you pay per trade? Do they give discounts (or other benefits) to high volume traders like yourself?
This post was edited on 7/17/13 at 3:20 pm
Posted on 7/17/13 at 3:22 pm to ell_13
(no message)
This post was edited on 7/17/13 at 10:08 pm
Posted on 7/17/13 at 3:31 pm to stendulkar
quote:
Russian - Who is your online broker? How much commission do you pay per trade? Do they give discounts (or other benefits) to high volume traders like yourself?
I use the trading platform provided by Charles Schwab, StreetSmartEdge, for most of my accounts.
Awhile back I put my largest account with TDAmeritrade just so that I would not have all of my eggs in one basket, so to speak.
TDA provides a platform called "ThinkOrSwim."
Schwab's standard fee is $8.95/trade, buy or sell. They charge me $6.95/trade.
TDA is $9.95/trade. I pay $7.95/trade. While TDA has my largest account, that account is part of my non-frequent trading portfolio so the slightly higher fee by TDA is not important since I do so few trades in that account.
quote:Well, when I moved my one account to TDAmeritrade they had a promotion at the time giving gift cards based on the balance amount transferred to them.
(or other benefits
I got $2,500 in gift cards ($1,000 to Home Depot and $1,500 to Best Buy.) That's the only benefit I got for moving the account to them.
Posted on 7/17/13 at 8:08 pm to LSURussian
I bought a bunch of silver when it was $13.69
I've still got it
I kick myself in the arse daily
I've still got it
I kick myself in the arse daily
Posted on 7/17/13 at 9:21 pm to LSURussian
So Russian, if it hadn't moved up .8%, what would your sell strategy have been? If it opened .8% lower tomorrow what would you have done? is it just you like it at the price for a hold of some period, but if you happen to make 1% in an hour you go ahead and trade it?
Posted on 7/17/13 at 9:36 pm to Zilla
quote:
if it hadn't moved up .8%, what would your sell strategy have been
Probably hold until tomorrow morning to see how silver futures were pricing.
quote:Hold for an hour or so and if it had shown no improvement, sell it.
If it opened .8% lower tomorrow what would you have done
quote:
is it just you like it at the price for a hold of some period, but if you happen to make 1% in an hour you go ahead and trade it
Yeah, pretty much.
But it's not like I decide to buy something on the spur of the moment. I watch about 50 securities for months or even years and identify trading range patterns. The patterns become pretty predictable except when there is an event which breaks the pattern at least temporarily. Sometimes those events are profitable and sometimes they kick my butt.
Posted on 7/18/13 at 10:42 am to LSURussian
good stuff thanks for sharing...been trying to take a similar approach...
how do you prevent yourself on missing big gains over periods of say 6 months to a year... like if you had bought msft 6 months ago you'd be up 30% ... you would have sold it long before that though right? how do you decide or separate your portfolio like that since I bet you have the same (or same type) of stocks in both your trading % and your hold % right? hope my question makes sense..
how do you prevent yourself on missing big gains over periods of say 6 months to a year... like if you had bought msft 6 months ago you'd be up 30% ... you would have sold it long before that though right? how do you decide or separate your portfolio like that since I bet you have the same (or same type) of stocks in both your trading % and your hold % right? hope my question makes sense..
Posted on 7/18/13 at 11:12 am to Zilla
quote:If I intend on holding onto something that long I buy it in one of my non-trading accounts.
how do you prevent yourself on missing big gains over periods of say 6 months to a year...
quote:Nope. The only two overlaps are KO and JPM.
I bet you have the same (or same type) of stocks in both your trading % and your hold % right?
Posted on 7/18/13 at 12:47 pm to LSURussian
quote:This.
I watch about 50 securities for months or even years and identify trading range patterns. The patterns become pretty predictable
I would like to buy and hold, but trading range has been much more productive, even given tax changes. Our m/o is short-term rather than day-trading. Same principle though. Just a matter of being attuned to the range.
Posted on 7/18/13 at 3:14 pm to NC_Tigah
NC, after years of study and observing selected stocks I have developed a method for having $1 million by day trading.
First, start with $2 million......
First, start with $2 million......
Posted on 7/18/13 at 7:00 pm to LSURussian
(no message)
This post was edited on 7/19/13 at 4:24 am
Posted on 7/18/13 at 7:22 pm to LSURussian
Liar. Stop swinging a big dick
Posted on 7/19/13 at 11:51 am to LSURussian
quote:
like if you had bought msft 6 months ago you'd be up 30%
wait, nevermind....
damn, they lost about 30 billion in market cap today
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