"Hi, ho Silver!!!! Away!!!"* | Page 2 | TigerDroppings.com

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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
22226 posts

re: "Hi, ho Silver!!!! Away!!!"*


I think he meant 4000 shares, not $4000 worth.





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ell_13
USA Fan
Alex Box
Member since Apr 2013
26501 posts

re: "Hi, ho Silver!!!! Away!!!"*


Yep. I'm an idiot. Thanks.





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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84460 posts

re: "Hi, ho Silver!!!! Away!!!"*


quote:

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?
First, he asked me a question and I answered it, sort of. If you prefer not to believe me, that's okay with me.

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.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84460 posts

re: "Hi, ho Silver!!!! Away!!!"*


quote:

I think he meant 4000 shares
This.






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ell_13
USA Fan
Alex Box
Member since Apr 2013
26501 posts

re: "Hi, ho Silver!!!! Away!!!"*


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 at 2:31 pm


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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
22226 posts

re: "Hi, ho Silver!!!! Away!!!"*


Yeah I wasn't sure how you got $350...





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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84460 posts

re: "Hi, ho Silver!!!! Away!!!"*








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stendulkar
LSU Fan
Member since Aug 2012
487 posts

re: "Hi, ho Silver!!!! Away!!!"*


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 at 3:20 pm


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NC_Tigah
LSU Fan
Member since Sep 2003
54291 posts
 Online 

re: "Hi, ho Silver!!!! Away!!!"*


(no message)


This post was edited on 7/17 at 10:08 pm


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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84460 posts

re: "Hi, ho Silver!!!! Away!!!"*


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:

(or other benefits
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.

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.






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Vrai
LSU Fan
Baton Rouge
Member since Nov 2003
2166 posts

re: "Hi, ho Silver!!!! Away!!!"*


I bought a bunch of silver when it was $13.69
I've still got it
I kick myself in the arse daily






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Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
10035 posts

re: "Hi, ho Silver!!!! Away!!!"*


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?






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84460 posts

re: "Hi, ho Silver!!!! Away!!!"*


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:

If it opened .8% lower tomorrow what would you have done
Hold for an hour or so and if it had shown no improvement, sell it.
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.






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Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
10035 posts

re: "Hi, ho Silver!!!! Away!!!"*


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..






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84460 posts

re: "Hi, ho Silver!!!! Away!!!"*


quote:

how do you prevent yourself on missing big gains over periods of say 6 months to a year...
If I intend on holding onto something that long I buy it in one of my non-trading accounts.

quote:

I bet you have the same (or same type) of stocks in both your trading % and your hold % right?
Nope. The only two overlaps are KO and JPM.






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NC_Tigah
LSU Fan
Member since Sep 2003
54291 posts
 Online 

re: "Hi, ho Silver!!!! Away!!!"*


quote:

I watch about 50 securities for months or even years and identify trading range patterns. The patterns become pretty predictable
This.

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.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84460 posts

re: "Hi, ho Silver!!!! Away!!!"*


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......







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NC_Tigah
LSU Fan
Member since Sep 2003
54291 posts
 Online 

re: "Hi, ho Silver!!!! Away!!!"*


(no message)


This post was edited on 7/19 at 4:24 am


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I Love Bama
Ohio State Fan
Alabama
Member since Nov 2007
33348 posts

re: "Hi, ho Silver!!!! Away!!!"*


Liar. Stop swinging a big dick





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Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
10035 posts

re: "Hi, ho Silver!!!! Away!!!"*


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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