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Stocks Investing MONEY : Education?!! Pinkys : OTC

As a result of some talk in an unnamed thread, I thought it would be beneficial to all of us members to have a thread dedicated to Stock Talk:: whether Pinkys, OTCQX-QB, anything!

I saw that there once was a thread that was geared towards investing, but it seems to me directed to more corporate news, fallouts, etc. We need NUMBERS!
Who knows, some of you more advanced traders could be of a great help to all the novice ones out there.

Educate others so that they too can purchase that 10k turbo kit.. 5k wheels.. 500 dollar lip.. or even what to do with that 10 cents under the seat...

Wealth in People as Wealth in Knowledge

Right now, my portfolio is plagued with the color RED! I was nailed by a pump and dump that occurred last year this time (LTUM) cutting me down 50% where it sits now.
Still I am stuck waiting for a run, but until the Lithium sector becomes hot again it is going to be a painful wait..

Anyone make any profits off of the Lithium run back in early 2011? It all started with a stock some may know (LEXG: OTCQB) that jumped from .10 to almost 11 dollars in a matter of a week.

Tough market to play right now, I went long term with nearly everything because the market is driven by fear as much as it is by economic measures. Gold is turning into a safe haven again after it crashed out, though.

Because we could end up in the tank any time, I've generally been conservative in recent (read: one year ago) purchases, including utilities, oil, and telecommunications.

I'm not currently invested as I don't have any spare cash to play with at the moment, but I'm a big fan of trading Ford. It has solid volume and tends to trend a lot, you'll see a lot of movements that repeat themselves.

I disagree not a tough market at all right now. http://i192.photobucket.com/albums/z.../stockinfo.jpg
a $730.57 gain in 1 day after fee's not bad at all.

How are you able to day trade ALL of those stocks in one day? Seems like a lot to focus on. Also, have you built a model that you use or are you just going by gut based on the news/announcements?

I was making some good money last year as I had a lot of money to play with, can't wait to get back into it.

Yes, I am able to day trade all of those stocks in 1 day. While I'm in my economics class, we have a 1 hour lab then a 1 hour class. Starts at 7 a.m. So during the lab I do all my research with the time last night, and then I am able to pick up the stocks and buy them. If you catch me on a monday/wednesday/friday, I do not have nearly as many stocks. Maybe one to two and sometimes three. Right now I'm trying a new pattern. I might go back to my old pattern I was making way more money.

yeah, day trading is one thing, but it's harder balancing my work with the research i need to do to be confident in my trading.

Damn dude. Thats a nice portfolio and some big names you have under your belt. I guess its true, if you do the DD you really can make some good happen.

I myself am really into doing long term penny's. I know that sounds a bit backwards, but in the past have made some good cake off start ups. Lets hope some more soon.

I loooove talking about investing & money.. Im gonna like this thread.

I checked all of monkeys stocks (from that day) and alot of them trend together. That is very good, I have 3 that like to do the same thing. They are all within the same industry so 98% of the time you can make money in all 3 at the same time.

The problem is they are very expensive so I can not buy very many at a time.

Also to not be considered a day trader I only make a few plays a week.

I would like to know what everyone here is using for their transactions. I currently use Scottrade.

Quote:

Originally Posted by phelan (Post 1915521)

yeah, day trading is one thing, but it's harder balancing my work with the research i need to do to be confident in my trading.

Quote:

Originally Posted by Mike (Post 1915636)

index funds

With the looming sequestration, the nasty political environment (I personally deal with Senators - they battle on even the most remedial issues) I ll probably add index funds to my portfolio and rebalance my portfolio towards conservative end for next year should there be further turmoil - what brokerage firm do you get them from Mike? I do the max for 401k, max for Roth IRAs, mutual funds in place of college savings 529 for my daughter and other investment tools.

Sorry for the book guys, just figured I would share my experience and I'm always interested in investment discussions. Back on my vacation :tup:

Quote:

Originally Posted by Mr&Mrs (Post 1919571)

I would like to know what everyone here is using for their transactions. I currently use Scottrade.

I have Trowe, Vanguard but use OptionsHouse and Tradeking for stock transaction. Both have the lowest transactions fees in industry - I highly recommend Tradeking, user friendly and excellent customer service

Quote:

Originally Posted by birdmanx1 (Post 1919620)

I agree. Day trading works for some but not most. As for me, I wouldn't recommend it from personal experience. I put a huge amount of cash in one of my brokerage account towards the end of last year and earlier this year, made $20,000 in 2 weeks so I figured trading could be a way to generate extra income. The Greeks fear hit the market and poof all $20,000 got sucked right back in the market but I lost another $15000, then $25000, then another $20,000 LOL - it could have been worse, still suck to be cut $60k in the span of 7 months. Thank Goodness, I have a considerable cash reserve and that was a good lesson. I'll make the money back within a few months but not willing to play with stocks on my own anytime soon.

Long story short, be careful if day trading, I think the best way for it is if you are doing it full time and not juggling anything else. Tracking the market while presenting or im meetings and conferences at all times got old quick. Besides, the market seems way too inflated to me at this point, we are back to the 13k range but not for the reasons we should. QE3 announced, ECB bond purchase announced, meaning that for the short term there will be another bounce in market but who knows for how long. Moody's already announced they ll slash our rating further if we didn't get to an agreement.

With the looming sequestration, the nasty political environment (I personally deal with Senators - they battle on even the most remedial issues) I ll probably add index funds to my portfolio and rebalance my portfolio towards conservative end for next year should there be further turmoil - what brokerage firm do you get them from Mike? I do the max for 401k, max for Roth IRAs, mutual funds in place of college savings 529 for my daughter and other investment tools.

Sorry for the book guys, just figured I would share my experience and I'm always interested in investment discussions. Back on my vacation :tup:

^ +1 Good financial advice.

And to the guy that said it's smart to have things trend in the same direction... it's not. You have less return per unit of risk, this is a basic diversification principle.