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Any stock day traders in here?

Originally Posted by JoeD <--- Equity Trader for a "small" capital-management firm. I'm not at liberty to divulge too much information, although it's safe to say that I personally will

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Old 10-20-2009, 04:19 AM   #1 (permalink)
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<--- Equity Trader for a "small" capital-management firm.

I'm not at liberty to divulge too much information, although it's safe to say that I personally will be initiating a new short-position in AAPL in about 5 hours.
Joe, shut up. How's the AAPL short working out this morning, oops.
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Old 10-20-2009, 12:00 PM   #2 (permalink)
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How's the AAPL short working out this morning, oops.
Fairly well. It was initiated this morning at $202.06. Looking to cover under $198 today.
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Old 10-20-2009, 03:15 PM   #3 (permalink)
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Fairly well. It was initiated this morning at $202.06. Looking to cover under $198 today.
Hey if it ain't BS, grats. Your post is long after it went up. Hmmm, Marketcaster is showing the high for the day is $201.75. What time did you short the stock?
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Old 10-20-2009, 03:53 PM   #4 (permalink)
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Hey if it ain't BS, grats. Your post is long after it went up. Hmmm, Marketcaster is showing the high for the day is $201.75. What time did you short the stock?
This alone shows that you are in no position to speak to me about the markets. Please go to school, or at least educate yourself on the subject.

The position was opened pre-market right around 5:00 AM PST, exactly 5 hours from my initial post in this thread as I called it. Covered between $198.325-$198.29 20 minutes ago.

$3.75/share gain x 790 shares - an insignificant commission...you do the math, then come back and tell me that "day-trading is for fools." This was a simple trade that didn't even much attention in front of my Bloomberg, allowing me to allocate resources to other trades.
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Old 10-20-2009, 04:03 PM   #5 (permalink)
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This alone shows that you are in no position to speak to me about the markets. Please go to school, or at least educate yourself on the subject.

The position was opened pre-market right around 5:00 AM PST, exactly 5 hours from my initial post in this thread as I called it. Covered between $198.325-$198.29 20 minutes ago.

$3.75/share gain x 790 shares - an insignificant commission...you do the math, then come back and tell me that "day-trading is for fools." This was a simple trade that didn't even much attention in front of my Bloomberg, allowing me to allocate resources to other trades.
No need to get testy, Joe. As I stated, and you must have missed: "If it ain't BS, good call". So if it ain't BS, Joe, good call. Feel better? Not always easy to slide in pre-market on a run like AAPL, as I'm sure you well know since you are the Warren Buffett of eTrade. Get off your horse now, sonny. I'm sure we won't be hearing about all the daytrading that didn't work out, hmmm? Your post was at 1pm. No way to verify you aren't completely full of sh!t. Your trade was for $157000? I call BS. After all:



Now hurry along, Joe. Fast Money is on in a few minutes. Loser.
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Old 10-20-2009, 04:26 PM   #6 (permalink)
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Where do you guys get your information on companies that have events coming up for them that could affect their stock? I've been interested in joining E-trade for awhile now, but would like to learn some more about it.
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Old 10-20-2009, 04:35 PM   #7 (permalink)
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Where do you guys get your information on companies that have events coming up for them that could affect their stock? I've been interested in joining E-trade for awhile now, but would like to learn some more about it.
Don't watch Cramer, Fast Money, or pretty much anything on CNBC, it's all worthless nonsense.

Read The Intelligent Investor by Benjamin Graham. It was written in 1949, I think. But don't take my word for it:

"By far the best book on investing ever written." -- Warren E. Buffett


"There have been other good books written about money since 1841, but only a few hold up. The best known and most likely to make you money is The Intelligent Investor." -- Andrew Tobias


"Graham ranks as this century's (and perhaps history's) most important thinker on applied portfolio investment." -- John Train, author of The Money Masters
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