OFFICIAL STOCK MARKET & ECONOMY THREAD VOL. SCHOOL'S OUT

[timbo109]

I hate working 9-5 so ive slowly cared about stocks lol.

This is how im seeing it as based on my little experience i've had with it so far. Id like to know your opinions on how realistic im looking at these profit margins.

I use some android app to play with stocks with fake money. I start of with 20k.

I start putting 1k each on things the app dev suggests for the day. I see them go up 2 or 3 percent. Leave em on for about a week or two. Add some more. Same thing. Theyre half negative half positive, losing or gaining about 30 40 bucks each. Sell off some cause they were old news anyway. Heard about fb having unexpected earnings. Bought a k the night I heard. Market closed, but I knew it would go up even if it was 4 percent its still an automatic gain. Made ~250$ cause of that crazy spike overnight. Held it for about a couple hours but sold it. Havent been paying attention but I think its still slowly up? Couple days ago sold everything. Was sitting at 19600 lets I dont remember. I read tesla having 8 percent of lux market one night so I bought 19k of it just to see what happens. Id be happy to see 1 percent which I knew that was the bare minimum. It went up 3.someting percent and made like 570$.

I know fb was once in a blue moon and gambling 20k at a time on one thing is ehh but cant I just do this in small doses daily (is this what a day trader is?) and just live off my 1 or 2 percent gains? All I need is 100 bucks a day profit and im good. Then scale from there.

Is this a realistic idea? Seems too easy. If its this easy then ive been in the wrong field lmao. And I know everything I pick wont gain.

I havent taken account of fees to buy and sell and im from canada. My coworker said something about fees to convert to usd too. So if I aim for 100 bucks a day clean. How much do I need to really make...like 120 to 130? I need that kind of info.

You also need to factor in commissions. I use TD Ameritrade and after a 4 month grace period, it's $9.99 per trade, so every trade you make $20 out of your earnings goes back to the company.
I wouldn't quit your day job yet.

 

[mycoldyourdone]

What app are you using?

lol arent you that guy who owns a bond company or something? its called stock trainer. please dont file a complaint for them to take it down lol.

@based mod & @timbo109

thanks for the input. yea i wasnt planning to quit. just wanted to watch my bank grow faster. ultimately i dont ever want to work for anyone anymore but 100$ a day is only like $36500 a year and not taking off taxes.

how much time of the day do you guys invest on it? and is it set times or just when you hear something worth jumping on? ive just been buying and leaving it for a couple of hours or the next day if i think its gonna go up 1 or 2 percent. if it doesnt, id lose the 10$ -20$ to buy. if i like got negative 40 i take the loss like i ate dinner out or something lol. so its like 30 mins max a day right now for me.

 

[gold st capital]

I dont care about the app I had another reason for asking. Thanks

 

[secretzofwar]

In for 2MM shares Fannie Mae

Anyone have a link/source on the LT viability of the GSEs? I've sniffed around a bit, but not enough to know what's going on.

 

[gold st capital]

you would need to know more about MBS to know what is going on in GSE. Also you need to read the FOMC reports

 

[wizards23]

based mod re SCTY

I may keep a few shares through e/r but I will be trimming and booking profits

LITB keep an eye on this one for the 18 break. Nice daily range and trader friendly

Also AGIN a cheapy but solid risk vs reward if it can hold the 20 day moving average

 

[goldenchild9]

I wonder what effect the Fed taper will have on the market later this year?

There hasn't been a summer sell off this year and Q4 earnings may somewhat counteract any news from the Bernanke....but there should be a dip coming somewhere.

 

[thestranger]

sdfsdf

 

[lyonbc1]

Bought several more shares of SIRI yesterday....thinking about placing some 2014 calls on it over 4-4.50 have to look into it a little more though

 

[based mod]

Way to completely reverse it FNMA

 

[i lax bro]

Still hoping for tesla to hit 150 today so I can sell some before earnings, but i will be so pissed if it just explodes tomorrow. Gotta plan some new movement into the marijuana stocks


People are saying to see some negative action on the market tomorrow and the next few days, oh well

 

[mycoldyourdone]

Say word? I wanted to test some of the biggest gainers to see if they still gain a bit more the day after. I guess thats a bad strategy to play with lmao.

And for that fannie mae, I just saw it here and put a bunch on there. Dont even know what it is. Oh lawd. Its gonna take a while to recoup these tests.

 

[johnnyredstorm]

Still hoping for tesla to hit 150 today so I can sell some before earnings, but i will be so pissed if it just explodes tomorrow. Gotta plan some new movement into the marijuana stocks


People are saying to see some negative action on the market tomorrow and the next few days, oh well

marijuana stocks what's your game plan on those?

 

[wizards23]

Way to completely reverse it FNMA

yeah the mm's hit us with the fake out.. they could be shaking out size before earnings imo. supposedly there was negative news last night? I haven't looked

Solid day for LITB so far

Say word? I wanted to test some of the biggest gainers to see if they still gain a bit more the day after. I guess thats a bad strategy to play with lmao.

And for that fannie mae, I just saw it here and put a bunch on there. Dont even know what it is. Oh lawd. Its gonna take a while to recoup these tests.

Man you need to do your own due diligence. Do some research and develop a strategy you are comfortable with. I'm assuming it is not real money?

 

[certifiedflyboi23]

RNN

 

[thestranger]

sdfsd

 

[based mod]

RIP bro

Got stopped out of my FNMA shares. Godammit

 

[thestranger]

sdfsdf

 

[gold st capital]

Fnma will be fine

 

[wizards23]

Fnma will be fine

No panic here

 

[based mod]

RIP bro

Got stopped out of my FNMA shares. Godammit

Nevermind the order didn't actually go through. Guess I'll just hold through earnings regardless of what happens til then.

based mod re SCTY

I may keep a few shares through e/r but I will be trimming and booking profits

LITB keep an eye on this one for the 18 break. Nice daily range and trader friendly

Also AGIN a cheapy but solid risk vs reward if it can hold the 20 day moving average

Solars down big AH due to FSLR missing. Hope you got out of SCTY. Luckily sold my SPWR shares in the AM.

down but not out. 

Just curious, why were you so confident in NUAN beating?

 

[thestranger]

 

[andycrazn]

i never knew fairway had an IPO 4 months ago at 12 dollars. now its at 26

 

[gold st capital]

To the guy that said Nuan thanks got that bad boy long

 

[based mod]

Nice comeback for nuan.

TSLA beat :x