is...Either trading futures or fishing
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I agree with you on that statement. I actually played FNMA when it was around .25 and sold it at 1.43
Are you in any plays right now?
Yes I have day trader status. I keep $100,000 in my trading account but really don't need it. And if im scalping stocks my fees can run about $150 to $200 a day. When scalping futures it runs about $70 to $80 a day. Not a bad trade for $1,000 to $1,500 a day. I consider that very low overhead
I retired last year and love it. The best part about it is my grandkids. I have never had to miss any activities they are in because of work. I was able to retire pretty wealthy and every penny came from swing trading. Even when me and my wife travel I can still trade. That's why I really like the futures markets. They are open 6 days a week 24 hours a day. When we take trips I still take my laptop and trade. I usually hit my daily quota before breakfast while in the motel room every morning. You can make a lot of money in this game but you have to keep a level head. I didn't make my money making huge trades. I scalp and make from $200 to $400 per trade and I do it several times a day. I have no education what so ever. I quit school early and don't even have a GED. So believe me if I can do this anyone can
I just read my indicators and made my call. Some happen the same day and some take a few days. With the money you have to trade with you are in a good position to make some nice swing trades. You need to stay in the area of $7.00 to $10.00 stocks. They are more established and follow a nice pattern. Im not trying to tell you how to trade. Just sharing the same advice that was given me a long time ago. Make you a couple trades like this once or twice a week and your account will be way up there before you know it
Lets let the market open and I will post another chart that shows todays candle on it. Right now im down about $3,500 on this trade. I was up $750 on the first day I shorted it but I see a lot more downside potential. I cant always hit the exact level a stock or future will fall but I get close enough. Although I do take a lot of short positions I would say that 90% are in the futures markets. They are extremely volatile and easy to read. A lot of people think its wrong to short stocks and so did I when I first started. But I learned one thing about todays markets. Its no longer a mom & pop investing thing. Those days are pretty much gone. Todays markets are owned by day traders and if someone wants to really survive they need to learn to play both ends. When a stock is way over extended its going to sell off due to profits and shorting. For people that like to scalp that's a good thing.
Not at all. Swing trades are very short term trades anywhere from overnite to maybe a few months. I retired from doing this. Tell you what. PM me your number and I will call and tell you how it works. You have enough to trade but you need to be in a certain size bracket on the big boards
If I was you I would be swing trading big board stocks
Not trying to be nosey but what do you have to trade with? Maybe I can help you to the direction you need to go. All I do is day trade and swing trade. I play some pennies but only ones that show me a good chart. I probably trade gold futures more than anything. Its easy to scalp points in gold
This is not a fake. You people that are saying it is might want to learn a few things. Its posted on a government site. Posted on the edgar
Look at the chart I posted. This stock is way over extended on earnings and will pull back. It cant sustain itself where its at. Im not bashing it. Just calling it like it is
Well I look for stocks that are way over bought. I never short sub pennies for the simple fact that they can jump for no reason at all and that can cost you big bucks. Look at this stock chart here. I just shorted this one. I was up $750 the first day but I held it because it will drop further. Even though it went up almost another dollar it will still drop. It is way to extended and It cant sustain itself. People will take profits and it will get shorted back down to close the gap. My bread & butter is the futures markets. I go long and short it. I average around $1,000 to $1,500 a day. I have been doing this for years. Do your self a favor and do not get into shorting sub pennies unless you have tons of money. I have plenty money and I wont do it. Its to easy to make money swing trading.
Got a little news on that today. looks like a little increase in the A/S
http://ih.advfn.com/p.php?pid=nmona&article=58539226
I have only shorted stocks in the 2.00 range and up
I use TD Ameritrade. Been with them for years. Now I have never tried to short sub pennies so I don't know if they will let you
You might want to read a little about the stock your in. Your missing it all the way around
Update on both short positions in gold and the S&P. Finally getting the rollover I was looking for. Will update with charts once I hit my cover targets
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90178730
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90102429
May see some movement today. Congrats on the state track meet. Bring home the gold. I made a few trips across Port A back in my 20's when I was working push boats. Love that area
Thank you
I fish for just about anything. So what led you to Florida? I been there quite a few times. How long you been trading? I been in the stock market almost 30 years. Been day trading on the professional level about 13 years. And by the way. My Texas longhorns are gonna get some payback for the beating WVU gave us last year lol
I will be fishing in Erie so I wont make the fair. That's why I day trade. So I can support my nasty fishing habit ;)
Goodbye
I see. Im in Morgantown. Originally from Texas. Retired from coal mining and day trade full time
What part of WV are you in?
Hope some of you took profits. It will pull back. Its way over bought. I took a short position this morning
I started another board on shorting stocks. Its called " Stocks to short ". I found a nice one to short this morning
Well im off here for today. Think im gonna take a nap then find something to do. Gonna check back in later on my position. GC looks ready to fall on the 60 minute charts
I will. We will be making a trip to Lake Whitney and stay in Waco a couple days
Well I miss my buddies but its good to finally do what I want to do. Been restoring a few old boats and teaching my grandson to fish. Me and Tammy are thinking about taking a long 30 day trip down the east coast and across the south to Galveston island. Then up through Texas so she can see where I came from. That way she can see why im so weird lol
That's good. Im not as aggressive as I used to be. I've scaled way back and only trade a few contracts at a time. Once I hit my weekly quota I quit. I do trade my grandkids account but mostly longer term swing trades on big boards
That was my fault. I should not have gotten you in futures until you had more money to stay in the game. Even though im good at futures I still get down in trades. But I have to money to stay in a trade when I know it will turn in my favor. Are you ever planning to get in again?
I was in Erie,PA and im home now. Im gonna hold my positions. It going to drop. Judging from the way its acting im thinking its being run up to short it hard. Gold is in an upward trend but its gotta pull back. And if it don't im thinking this wont be my first loss lol
Getting my butt kicked pretty good right now. Probably gonna give back my profit I made last week if it doesn't turn like I thought it would. Either way im gonna hang on to both positions. I still think Im it the right trade