Dow?
- Thread starter irvinehomeowner
- Start date
NEW -> Contingent Buyer Assistance Program
Now down around 2.8% year to date...yawn. Been long the vix and buying domestic oils into the weakness. Easy pickings. Remember we were at 15440 in February (just 6 months ago). Flat markets are a traders wet dream but an investors frustrating nightmare.
i agree, i think the bleeding stops right after the official correction (10% drop), then it will begin its steady march back to 17K+, since this morning we were not to far the official 10% drop i figured it was a good time to buy some stock. there is no where else to put the money to get a return.
All these times I thought you were just pulling our legs. How much money do you invest on average and what is the average payback on day trades? To get in when AAPL is 99 and then get out at 101, the number of stocks (and hence amount you are investing) should be large enough for it to be worthwhile. And on top of it you can afford a $900K house on your salary alone and you can still post on TI during work day. How do I convince my kids to select a career path like yours? I am too old and too dumb to change now ;D
when i trade apple im buying 1000 shares at a time. if it is a 10-20 stock then i may do 2,000-3000 shares on a particular trade. on average i shoot to net (gains-losses) of about $500/day. i dont trade every day as work occasionally gets in the way, but 2-3 days a week i trade. sometimes i just sit a wait for a particular stock to drop then buy it (like AAPL). i like to get in and get out fast, i dont like over night positions. i like PBR because it is very volatile and can hit may daily target pretty fast. with PBR, i can buy as little as 1,000 shares for 15-16K and get back 2-3% for the day. in general i buy in larger dollar amounts to get to my target and then be done. so on apple, the return is around 1% per day, but that is just for the day, not annualized.
morekaos
Well-known member
morekaos said:
Now down around 2.8% year to date...yawn. Been long the vix and buying domestic oils into the weakness. Easy pickings. Remember we were at 15440 in February (just 6 months ago). Flat markets are a traders wet dream but an investors frustrating nightmare.
qwerty
Well-known member
when the dow was down 350+ down today i bought the following: F, BAC, AA, PBR and WFM. sold towards the end of the day, except i kept PBR/BAC. nice little profit.
PS9 - hopefully you havent sold your SPY - it will bounce back man. it always does. watch tomorrow the market will be up 200+ points.
PS9 - hopefully you havent sold your SPY - it will bounce back man. it always does. watch tomorrow the market will be up 200+ points.
usctrojancpa
Well-known member
Yeah, we may get a dead cat bounce tomorrow but the market, with this recently drop, has done a lot of technical damage. Ultimately I think we might head lower in the near term. I started selling VIX puts last week and this week.qwerty said:
irvinehomeowner
Well-known member
Should I cash out my 401k?
#TheDowIsFalling
#TheDowIsFalling
qwerty
Well-known member
USCTrojanCPA said:
i agree, i think the bleeding stops right after the official correction (10% drop), then it will begin its steady march back to 17K+, since this morning we were not to far the official 10% drop i figured it was a good time to buy some stock. there is no where else to put the money to get a return.
irvinehomeowner
Well-known member
#qwerdaytrader
Irvine Dream
New member
qwerty said:
All these times I thought you were just pulling our legs. How much money do you invest on average and what is the average payback on day trades? To get in when AAPL is 99 and then get out at 101, the number of stocks (and hence amount you are investing) should be large enough for it to be worthwhile. And on top of it you can afford a $900K house on your salary alone and you can still post on TI during work day. How do I convince my kids to select a career path like yours? I am too old and too dumb to change now ;D
qwerty
Well-known member
Irvine Dream said:
when i trade apple im buying 1000 shares at a time. if it is a 10-20 stock then i may do 2,000-3000 shares on a particular trade. on average i shoot to net (gains-losses) of about $500/day. i dont trade every day as work occasionally gets in the way, but 2-3 days a week i trade. sometimes i just sit a wait for a particular stock to drop then buy it (like AAPL). i like to get in and get out fast, i dont like over night positions. i like PBR because it is very volatile and can hit may daily target pretty fast. with PBR, i can buy as little as 1,000 shares for 15-16K and get back 2-3% for the day. in general i buy in larger dollar amounts to get to my target and then be done. so on apple, the return is around 1% per day, but that is just for the day, not annualized.
irvinehomeowner
Well-known member
#jokingeyephone said: