09-01-2009, 11:46 PM | #24 |
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traders.... you are better off betting sports than trading...
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09-02-2009, 08:43 AM | #25 |
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My F.A. has never come to my door late at night with a baseball bat like my book did while at college.
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09-02-2009, 10:09 AM | #26 |
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alright boys.....at 33.821 right now....
who had the ballz to short this sucker at 50....cuz you're sittin pretty right now if ya did.... glad I didn't take the sept. 60s....hahah ..would have been cleaned out. pump and dump is the norm if you guys have BBG....check out the <OMON> screen....look at the premiums on the options ...Sept 30 puts fetching 3.05/3.14 ....big volume...looks like the big boys are dumping and running....
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"You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
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09-02-2009, 12:11 PM | #28 |
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09-02-2009, 07:22 PM | #29 |
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I bought a put at 54. I would rather have shorted it but there were no available shares to short. Ever since they made short selling illegal its hard to short a lot of stocks.
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09-02-2009, 08:32 PM | #30 | |
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give up now while you still have your money... you clearly are clueless beyond a doubt....
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09-02-2009, 09:40 PM | #31 |
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I meant NAKED short selling illegal. Give up now??? I sold the put at 40 retard and I'm up 150% for the year. I dont think ill be giving it up any time soon. Know what ur talking about before ur fingers touch the keyboard.
If u dont think i know what im talking about, go try shorting aig and tell me how it works out for ya there. |
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09-03-2009, 01:50 AM | #32 | |
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i digress... you're still a fool
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09-03-2009, 09:53 AM | #33 |
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Up 150%? Wow, whats your sharpe ratio? Max DD? Do you have a system? Any backtest numbers? Thats really impressive.
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09-03-2009, 01:18 PM | #34 | |
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I used to long and short AIG all the time too but since they made naked short selling illegal i haven't been able to short AIG. Everytime I try, it tells me that there are no available shares to short. Just curious, how are you still able to short it? There were some others as well like UA and CLR. |
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09-03-2009, 01:29 PM | #35 | |
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Actually not even a year but since March. I caught the bottom and started investing about a week after the market bottomed. I don't have a particular system, rather I watch how certain stocks "live" and catch a feel for them. I hold some positions, swing trade and day trade. One example is MTL. I have a great feel for what it's going to do. I bought it yestoday at the close (wouldn't recommend doing this unless you are sure of what your doing) and sold it right at the open for a $600 gain. Had I waited 5 minutes I would have made $2000. Regardless, i caught it near the top and shorted it and made another $400. So about $1000 total in 1 hour. What I'm trying to say is that I hop on certain stocks when I think they'll make a move and ride it while I can and then get out. I'm sorry I don't know what DD or sharp ratio is. |
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09-03-2009, 01:48 PM | #36 | |
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DD stands for Drawdown and it measures the largest decline in assets you’ve had from a peak. Again more info at wiki: http://en.wikipedia.org/wiki/Drawdown_(economics) Knowing both of these (along with a bunch of other stats) will allow you to evaluate what is and isn’t working in your trading. |
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09-03-2009, 02:54 PM | #37 | |
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you hop on stocks when you think they move.... i run algorithmic models that make them move due to the sheer volume traded on my side
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09-03-2009, 03:50 PM | #38 |
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did you engineer the models??
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"You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
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09-03-2009, 03:54 PM | #39 |
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can someone explain to me how an individual could ever gain in a system where institutional investors and other market movers so clearly have an advantage?
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09-03-2009, 04:45 PM | #41 |
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it's possible, afterall the market is far from efficient
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09-03-2009, 05:08 PM | #42 |
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09-03-2009, 05:14 PM | #43 | |
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As far as stats go, I do pay attention to many things but my main tool is technical analysis. So basically I look at charts and make certain evaluations. I don't pay too much attention to fundamentals unless I plan on holding a position for a while. |
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09-03-2009, 05:32 PM | #44 | |
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