EPTWhy didn't you listen?
It's too late, it's too happening.
All is lost.
![[image loading]](http://i.imgur.com/a6puGUk.png)
[Brag] Apple
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GnarlyArbitrage
575 Posts
Why didn't you listen? It's too late, it's too happening. All is lost. | ||
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FromShouri
United States862 Posts
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Butterednuts
United States859 Posts
I never found following stocks to be interesting at all. Grats for getting a prediction right? Even a blind squirrel will find a nut someday. | ||
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P7GAB
Canada486 Posts
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MrRicewife
Canada515 Posts
also, last year I shorted nintendo at 13.77 but I'm out now. I made my money. I have been trying to find another stock for long term shorting. blackberry has been a gem of mine for a long time but i don't have the ability to watch my short every hour lol.. so im out of that too. | ||
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Aerisky
United States12128 Posts
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MrRicewife
Canada515 Posts
On March 06 2013 05:20 Aerisky wrote: You could short the US dollar and invest in Swiss francs for their stability if you have a strong grasp of macro and are willing to venture into forex. Right now the currency is being devalued significantly. That's way outside my comfort zone. I've never traded currency and I fear I'll just end up burning myself way too much before I make any money. Tbh though, I've heard what you just said for years and years. There is always some currency bandwagon to jump on. So when I do feel comfortable enough I am sure there will be an opportunity. With that being said, I know you can make enormous amounts through forex. Right now, I learn through my buddies, personal trades, and a lot from investopedia.com Is there any other websites you could point me towards? edit: oh ya, and I've used this from time to time. at first I didn't think much of it, but a lot of guys there know what they are doing and usually brag about it, so it's free info. http://stocktwits.com/ | ||
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phiinix
United States1169 Posts
On March 06 2013 05:43 MrRicewife wrote: That's way outside my comfort zone. I've never traded currency and I fear I'll just end up burning myself way too much before I make any money. Tbh though, I've heard what you just said for years and years. There is always some currency bandwagon to jump on. So when I do feel comfortable enough I am sure there will be an opportunity. With that being said, I know you can make enormous amounts through forex. Right now, I learn through my buddies, personal trades, and a lot from investopedia.com Is there any other websites you could point me towards? edit: oh ya, and I've used this from time to time. at first I didn't think much of it, but a lot of guys there know what they are doing and usually brag about it, so it's free info. http://stocktwits.com/ If you're looking to get into currencies I definitely recommend checking out babypips. The school section has some good info on it and it's free, although if you're a technical trader a good portion of it will be review. Their forums section is decent, and i like that they have a chat room (although recently they were hacked and someone said there is still floating malware if you enter the chat room) | ||
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iamho
United States3345 Posts
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BrTarolg
United Kingdom3574 Posts
Really tired of seeing all the forex crap lol | ||
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GnarlyArbitrage
575 Posts
I haven't done options yet, but I am looking into them. I would say that Apple, if they can secure longevity through a solid business plan, could become undervalued within the year, but I don't have any concrete numbers right now. Have you checked out forexfactory.com? If you do go there, I'd suggest only going to the Discussion and Journal forums. @Aerisky I'm personally going long the dollar since the new year. I think the USD will be going back up to $120 within the decade due to increased demand in the dollar from increased exports of oil and natural gas, among other things. An interesting pair to watch is the Eur/Chf. @iamho Can you explain why forex is a zero-sum game? If I buy a contract and my broker takes the other side, they may buy back that contract from a different broker, and place my exit with another customer. Wouldn't that negate the zero sum? @BrTarolg If you didn't notice, this prediction wasn't a daytrade. I find it funny you're "tired" of seeing "all this forex crap." lol | ||
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iamho
United States3345 Posts
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GnarlyArbitrage
575 Posts
On March 07 2013 09:44 iamho wrote: I don't quite understand your question directed at me. Its a zero-sum game in that you don't get rewarded for providing capital to the financial system, you're just gambling with contracts against other people. You don't have to "beat" anybody to make money in the equity or debt markets. You have to beat people in currency markets to make money, and the odds suck because you are playing against banks and corporations who are more knowledgeable and can basically trade for free. Anyways I'm guessing you know way more about forex than I do, so feel free to tell me if the stuff I'm saying is completely wrong.. I don't understand how you don't understand my question. How is forex a zero-sum game? If I were to buy one lot of Eur/Usd, my broker could either take the other side, or match the trade in-house. Now, if they were to either counter or match the contract, that party could then buy out of the position without me being part of it, or maybe they were buying out of a position anyway? Then, if I want to exit, I could actually be selling to someone who's buying into a position. If the game were zero-sum, how would brokers make a profit? If I were to buy/sell, I'd be at a loss at entry because I'd have to make up my spread, unless I were making the market. If I were to win that position, yet someone lost the counter, they lost more than I made. | ||
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GnarlyArbitrage
575 Posts
The two black lines are the two most plausible targets I can see right off the bat. ($200 and $80) Price may go back up to $550, but any higher, and I'd be surprised. Could take a few years to go all the way down to $80, or it could happen before the end of this year. * Don't take this as advice * ![[image loading]](http://i.imgur.com/z9ZevSY.png) | ||
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phiinix
United States1169 Posts
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