EPTOnline trading - Page 2
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MysteryMeat1
United States3292 Posts
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Nymphaceae
United States350 Posts
On April 07 2013 14:20 MysteryMeat1 wrote: I don't think i would ever do trading. But its just interesting to learn about If you ever do try trading, don't tell anyone about it. Be sure to keep it a big secret. Trading is very psychological on your part, as well as the people around you. | ||
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Recognizable
Netherlands1552 Posts
On April 07 2013 11:02 Nymphaceae wrote: I do econophysics w/ stocks. I make about a 3% profit most months, but it's not enough for me to live off of. Seriously? 3 percent profit a month? Could you link me to some good econophysics study books? | ||
micronesia
United States24676 Posts
On April 07 2013 23:29 Recognizable wrote: Seriously? 3 percent profit a month? Could you link me to some good econophysics study books? There is a bit of a flaw in what he's saying. If he's making 3% per month he will rapidly become able to live off of it, but there is no indication of this. I don't trust it. | ||
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Nymphaceae
United States350 Posts
On April 07 2013 23:31 micronesia wrote: There is a bit of a flaw in what he's saying. If he's making 3% per month he will rapidly become able to live off of it, but there is no indication of this. I don't trust it. I have a feeling you're way better than me. I went to morgan keegan to apply for a job 2 years ago, and the president of that branch thought my trading strategy sounded ridiculous. When I still walk in there, he still looks at me and mocks me for my strategy. I'm not sure if the reason why I'm doing good is because I have a low amount of cash that I'm trading ($3000), because the guy at morgan keegan says that he'd never be able to sell my idea. I told him that he wouldn't have to sell the idea, he'd just have to sell the companies that I like. He told me, well physics doesn't do much. What are you going to say, when the stars and the moon don't align right, and you took a loss for that month? How are you going to explain that to our clients? I told him, that I wouldn't have to, that would be his job. He asked me how I would ever be able to apply something like that, and I showed him my trades over 3 months, and he said those don't look like good trades. Then he started to show me his stock picks, but I don't think I'm supposed to say what they're pushing, because the papers said confidential on them. :\ For the most part, I just end up looking at commodities, and currencies, and then guess whether it will be up or down a particular day of the month. Then I look at stocks in strong sectors, and try to play that. The equations I use are probably very similar to chart analytics. I mean they come from from quantum mechanics, which is basically statistics/probability when applied to those charts. | ||
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MysteryMeat1
United States3292 Posts
On April 07 2013 22:06 Nymphaceae wrote: If you ever do try trading, don't tell anyone about it. Be sure to keep it a big secret. Trading is very psychological on your part, as well as the people around you. duly noted. Good luck on your trading, and thank you for keeping me occupied on a 10 hour roadtrip during the summer As i have no spare cash, where does one look at trading, is their a website or something that you visit? | ||
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WalkinDead
88 Posts
Of course, words are simply words until I show my e-penis to up the credibility of my post. So my stock portfolio consists of equity from companies traded on major stock exchanges around the world. Currently I have 3 stocks in my portfolio. Alcatel and Lucent has gone up 36% since I bought it in the summer. My favorite stock right now, Banco Santander, is up about 12.5% since I bought it over the summer as well. Unfortunately because of the cyprus disaster, Banco santander's stock, along with a lot of other european stocks, has been bleeding red lately. My banco stock was pushing 45% a couple weeks ago before deflating heavily lol I also made 8% off of Daimler AG and 50% off of NRG when I cashed those stocks out I have learned from my personal experiences that you can be fairly successful with stocks if you can understand the macroeconomic climate of the market that you are gonna invest in. For example, Although my Banco Santander stock is bleeding, I know that it has footholds in developing markets in latin america, and that only about 50% of its company is involved in europe. That means that on a broader scale, after the cyprus crysis starts to settle, banco santander should bounce back up. It is absolutely important to have a game plan before you invest your money. If you start to see your stock bleed 10% one day, will you have the nerves to stay calm and to rationally figure out what is happening? You can't doubt yourself AT ALL if you decide to get into the stock market, but you can't be clouded with arrogance either, its all about being a smart person. Also with daytrading, I think it's easier to capitalize on short term disasters, where companies become undervalued temporarily, and then to reap the rewards when they inevitably bounce back. Publicly traded companies are required to post annual financial reports to the public. Looking at that should let you know the strength of the company. Anyways, I don't really mess around with daytrading. What I use stocks for is to keep my money in equity rather than in a bank account. That way, all I have to do is beat my interest rate of less then 1% and an inflation rate of about 2%, so really I have to make more then 3% on my stocks to benefit more than if I let the money sit in a bank account. | ||
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Nymphaceae
United States350 Posts
On April 08 2013 23:23 WalkinDead wrote: Here is my couple cents on trading. I consider myself to be a stockholder/investor that observes macro-economic climates and makes the best of them for myself. Of course, words are simply words until I show my e-penis to up the credibility of my post. So my stock portfolio consists of equity from companies traded on major stock exchanges around the world. Currently I have 3 stocks in my portfolio. Alcatel and Lucent has gone up 36% since I bought it in the summer. My favorite stock right now, Banco Santander, is up about 12.5% since I bought it over the summer as well. Unfortunately because of the cyprus disaster, Banco santander's stock, along with a lot of other european stocks, has been bleeding red lately. My banco stock was pushing 45% a couple weeks ago before deflating heavily lol I also made 8% off of Daimler AG and 50% off of NRG when I cashed those stocks out I have learned from my personal experiences that you can be fairly successful with stocks if you can understand the macroeconomic climate of the market that you are gonna invest in. For example, Although my Banco Santander stock is bleeding, I know that it has footholds in developing markets in latin america, and that only about 50% of its company is involved in europe. That means that on a broader scale, after the cyprus crysis starts to settle, banco santander should bounce back up. It is absolutely important to have a game plan before you invest your money. If you start to see your stock bleed 10% one day, will you have the nerves to stay calm and to rationally figure out what is happening? You can't doubt yourself AT ALL if you decide to get into the stock market, but you can't be clouded with arrogance either, its all about being a smart person. Also with daytrading, I think it's easier to capitalize on short term disasters, where companies become undervalued temporarily, and then to reap the rewards when they inevitably bounce back. Publicly traded companies are required to post annual financial reports to the public. Looking at that should let you know the strength of the company. Anyways, I don't really mess around with daytrading. What I use stocks for is to keep my money in equity rather than in a bank account. That way, all I have to do is beat my interest rate of less then 1% and an inflation rate of about 2%, so really I have to make more then 3% on my stocks to benefit more than if I let the money sit in a bank account. So, you have never had a loss on a stock? | ||
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WalkinDead
88 Posts
On April 09 2013 00:32 Nymphaceae wrote: So, you have never had a loss on a stock? I never have thought about it that way but...ya I guess | ||
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micronesia
United States24676 Posts
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WalkinDead
88 Posts
On April 09 2013 05:21 micronesia wrote: I would be cautious taking the advice of investors who have not learned from mistakes yet. Most of my learning has come from my mistakes. These are personal experiences only built up through experience and time. There really is no shortcut for learning other than experience and time. | ||
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Nymphaceae
United States350 Posts
On April 09 2013 05:21 micronesia wrote: I would be cautious taking the advice of investors who have not learned from mistakes yet. Sounds like a cyberpimp or some one that's new to me. I wrote a blog about that a while back. | ||
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MysteryMeat1
United States3292 Posts
On April 09 2013 07:35 Nymphaceae wrote: Sounds like a cyberpimp or some one that's new to me. I wrote a blog about that a while back. lol that series... but how does one go about reading up on this kind of stuff? does anyone reccommend a book? | ||
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micronesia
United States24676 Posts
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Nymphaceae
United States350 Posts
http://www.howthemarketworks.com/ If you want to play more volatile stocks, especially the penny stocks w/in the biotech sector. If you do play pennies, never ever ever ever trade one that is .0001 cents thinking that it will go up to .0002. There's not enough volume in these stocks the majority of the time, so it's a great way to throw your money away. http://www.fiercebiotech.com/ http://clinicaltrials.gov/ct2/search -Foreign exchange trading (Forex) http://www.forexfactory.com/ This site has a lot of strategies^ They work for high volume stocks as well. http://www.babypips.com/ very newb friendly^ If you do try doing forex, understand that most of the forex practice accounts are highly leveraged, and are there to try to pimp the newbs out. People often go for 1 day-week thinking it's easy, and then get a real account, in which they go 500:1 or something ridiculous like that, and lose everything in a second. On the other hand, the forex practice programs are probably the best ones out there. -This site is great for basic chart analysis, if you learn how to search around in it. I wouldn't recommend paying for it. http://www.finviz.com/futures.ashx This site is good for dividends imo. Becareful here though. http://www.dividend.com/ | ||
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MysteryMeat1
United States3292 Posts
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babylon
8765 Posts
On April 09 2013 07:42 micronesia wrote: I recommend you read Margin of Safety by Klarman. It is very difficult to get a physical copy, though. The price tag on the physical copy is downright ridiculous given that it's free online. | ||
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micronesia
United States24676 Posts
On April 09 2013 08:23 babylon wrote: The price tag on the physical copy is downright ridiculous given that it's free online. Well there are very few copies of it and many people want to collect it, I guess. Yeah I recall it being easy to 'find' but it isn't exactly offered by the copyright holders. | ||
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Nymphaceae
United States350 Posts
On April 09 2013 07:57 MysteryMeat1 wrote: woah thanks alot. I'll probably just read them over the next few weeks. I find this stuff interesting It's a lot of reading, but I found the things to be really interesting trying to understand it and then apply it to other places. Also I would like to recommend trying to find something about "trading by the stars." It's actually is interesting, as long as you don't get too into the Ms. Cleo kind of stuff. | ||
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babylon
8765 Posts
On April 09 2013 08:24 micronesia wrote: Well there are very few copies of it and many people want to collect it, I guess. Yeah I recall it being easy to 'find' but it isn't exactly offered by the copyright holders. Oh, the underground pdf library, how I love thee. Or not so underground in the case of this book. | ||
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