Any stoner Day Traders out there?

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clovergs99

Well-Known Member
Yeah man i day trade. I actually just started doing it about 5 months ago. It was weird how i started. I was watching YouTube one day and i clicked on this guy named "DayTraderRockstar" video and the way he was explaining it just intrigued me, plus I love to play poker so to me it was another form of poker. I went and brought 2 books from Barnes & Noble, read those and 2 months later i deposited $500 into a Scottrade account and have been doing it ever since. Still got a WHOLE lot to learn but i don't have nothing but time on my hand to make easy money. Hell I brought Ford(F) @ like $1.50 & its now trading at $3.28.
 
The Son of Man

The Son of Man

Well-Known Member
clovergs99 said:
Yeah man i day trade. I actually just started doing it about 5 months ago. It was weird how i started. I was watching YouTube one day and i clicked on this guy named "DayTraderRockstar" video and the way he was explaining it just intrigued me, plus I love to play poker so to me it was another form of poker. I went and brought 2 books from Barnes & Noble, read those and 2 months later i deposited $500 into a Scottrade account and have been doing it ever since. Still got a WHOLE lot to learn but i don't have nothing but time on my hand to make easy money. Hell I brought Ford(F) @ like $1.50 & its now trading at $3.28.
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you got balls of steel to be long on them:)
 
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clovergs99

Well-Known Member
Well i wouldn't call them balls of steel but i do have some balls, LMAO. Naw man just joking. But to be honest there are alot things i don't know about trading and i really got alot to learn. I wish i knew someone in my town i was close with that had some experience and could show some things about the market that books can't explain. As far as Ford goes, I figured well this company has been around 100 years there is no way the government is gonna let them fail with all those jobs on the line. Plus to me it seems like Ford has the best shot out of all of them.
 
The Son of Man

The Son of Man

Well-Known Member
Your line of thinking is that of a long term investor. If you want to learn there's a brokerage business in your town somewhere and they love themselves some slave labor:)

My all time favorite stock is Finisar. FNSR is a cash machine. It's like having the key to a bank vault. I have literally bought all of my furniture, my car, and my grow room with this stock. Very predictable and reliable. Learn how to read charts and you'll see what I mean. This stock is a king maker.
 
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clovergs99

Well-Known Member
Does that stock pay a nice dividend or something? I just checked that stock out and now i'm wondering how can that stock be a cash cow when the 52 week high is like $1.96? I'm still a newb so if you got any tips i'm all ears. Like i said earlier man, i just started like 4 or 5 months so most of this stuff is foreign to me.
 
The Son of Man

The Son of Man

Well-Known Member
It's like the stock is tied to a calendar. Your long the way up and short the way down. Just study the historical charts--you'll see. Real charts--not yahoo bullshit.
 
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clovergs99

Well-Known Member
Ok now i'm confused. I'm looking at that stock right now. So when you say its like its tied to a Calender, do you mean it has a certain patern that it seems to follow month to month on a yearly basis? And by long on the way up and short on the way down, do you mean buy as it goes up and sell when it starts comoing down? What could i do to learn how to read charts? Any books you recommend? Sorry if i'm asking a bunch of questions but i'm trying to really learn how to do this.
 
The Son of Man

The Son of Man

Well-Known Member
clovergs99 said:
Ok now i'm confused. I'm looking at that stock right now. So when you say its like its tied to a Calender, do you mean it has a certain patern that it seems to follow month to month on a yearly basis? And by long on the way up and short on the way down, do you mean buy as it goes up and sell when it starts comoing down? What could i do to learn how to read charts? Any books you recommend? Sorry if i'm asking a bunch of questions but i'm trying to really learn how to do this.
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I pay for my chart service, so I can't show you what I'm looking at, but go to yahoo, pull up the 1 year or five year, see how steady the peaks and valleys are? Okay now pull up a volume chart. Now compare. See?

The quarterlies is were the trade is the best...

Buying long---you just buy the stock outright.

Going short---you borrow the stock and then dump it on the market---make your money when you buy it back at a lower price.

Naked short---where the real money is. You just sale the stock--but you don't have it---lots of us are doing it so it really pushes a stock down fast---flip side is if your wrong there's no shares to get and your really fucked. Just look at porsche and volks wagon--great example.

I already posted the best way to learn a page or so back.
 
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clovergs99

Well-Known Member
I hear ya man. I don't think i have enough cash in my trading account to short. I'm only working with $600 right now. I guess i will go to the bookstore and get some books on charts. I just started reading a book by Jim Cramer called "Watch T.V., Get Rich". It has nothing really to do with charts but i like watching him and hearing what he thinks. he seems like he really knows what hes' talking about.
 
The Son of Man

The Son of Man

Well-Known Member
clovergs99 said:
I hear ya man. I don't think i have enough cash in my trading account to short. I'm only working with $600 right now. I guess i will go to the bookstore and get some books on charts. I just started reading a book by Jim Cramer called "Watch T.V., Get Rich". It has nothing really to do with charts but i like watching him and hearing what he thinks. he seems like he really knows what hes' talking about.
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Ha Ha---Jim Cramer fucks people everyday. If you don't know what your next big trade is---just short whatever he told people to buy the night before:hump:

Baby steps man---600 to 700 to 1000 to 1800, to 10k, etc. Now is the time to do it.

Just think all those baby boomers getting ready to retire and all their fucking money is gone:fire: Sucks a big fat one:)
 
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clovergs99

Well-Known Member
Thanks man you just open mind up some more. I'm really about to get into this stuff. So let me ask you a question. What do you think about AIG?
 
The Son of Man

The Son of Man

Well-Known Member
worthless---stay away from companies that are getting government finance or need it---it's a factor that depends on emotion and you can't be certain about that. That would be gambling--unless you have inside info or something.

A buddy of mine--we bounce trade ideas off each other---fell in love with etrade---I told him he was fucked and he chose not to listen---damn near bankrupted him. Etrade won't exist without government finance. He went long and I shorted his ass.
 
The Son of Man

The Son of Man

Well-Known Member
Before you start---read a book on risk management---a must. Learn how to hedge your trades---that way when you lose-you win and vise versa. Your studied knowledge will put you on the right side of the trade. This is for margin trades---borrowed money.
 
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clovergs99

Well-Known Member
Ha ha Thats exactly what i thought. I had them but i get rid of there ass. I'm gonna do some research and see if i can't find a good stock. I got $242.42 of available funds for trading. I eventually wanna get in on some indexes.
 
cheeseysynapse

cheeseysynapse

Well-Known Member
right here.

The first half of the year nearly killed me.

But, since sept. HOLLY FUCKING SHIT - I made my year in two months. I ain't doing much of anything now. Just watching. Waiting to sell more.


I'm looking to get out of the game though.

We're not gonna see this kind of volatility in a long, long while.

I'm not saying its we're at a bottom, but the salad vol days are over.
 
The Son of Man

The Son of Man

Well-Known Member
cheeseysynapse said:
right here.

The first half of the year nearly killed me.

But, since sept. HOLLY FUCKING SHIT - I made my year in two months. I ain't doing much of anything now. Just watching. Waiting to sell more.


I'm looking to get out of the game though.

We're not gonna see this kind of volatility in a long, long while.

I'm not saying its we're at a bottom, but the salad vol days are over.
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no way----look at the tbills---negative return---the money is just hiding---one day its going to pop out and blast everyone in the face:hump:
 
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