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  1. #41
    ni4ni's Avatar
    ni4ni is offline Pharmaceutically Enhanced
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    Quote Originally Posted by Keenstyle1 View Post
    warning, it is more addictive than gambling because it's not based on luck or fundamentals.
    ive def got the addiction prob

  2. #42
    RuhlFreak55's Avatar
    RuhlFreak55 is offline Purveyor of Thor's Hammer
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    Quote Originally Posted by ni4ni View Post
    bro ive done the same re kicking myself...time to move on. there is always a buy out there-we just need to find it.
    damn, sounding like cramer now-chk out GS, V, and RIMM
    cramer always says don't dwell on missing a move.....find the next one

  3. #43
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    Quote Originally Posted by Keenstyle1 View Post
    The stock market sucks. It takes too long to make money. You have to play the LEVERAGED market. You can make ten times what you put in, like the same day. Stocks futures,commodities, currencies, they are all controlled by how many managed funds and hedgefunds are buying them at the same time.
    If you can look on a chart and be able to tell when they are all buying and selling, you just follow there lead and you will win. Sounds simple, but you need to be able to understand a chart. If you want to educate yourself, look up the definition of a "parabolic" and a "MACD".
    I'm a trader, I own a firm. I hedge against the market all day. If any of you are serious I can give you the quick education which you can paper trade with and see your hypothetical gains. For someone who hasn't done it, warning, it is more addictive than gambling because it's not based on luck or fundamentals.
    what do you look for? what are the tells in the chart? volume spikes? tell me good sir

  4. #44
    ni4ni's Avatar
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    Quote Originally Posted by RuhlFreak55 View Post
    cramer always says don't dwell on missing a move.....find the next one
    does this mean Im the next Cramer?

  5. #45
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    Quote Originally Posted by ni4ni View Post
    does this mean Im the next Cramer?
    ummm there is no replacement for cramer....he's the man

  6. #46
    ni4ni's Avatar
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    so true- doesn't hurt to try

  7. #47
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    You have to identify an already long trend, either up or down. For instance, if "C" was continually going up, you would add a "parabolic" to the chart. You would notice all the dots below the chart line indicating buying. Since you don't want to just jump in and possibly have it go south the next day, you wait until the dots appear on the top of the chart line indicating the the market is going to start to sell off. (This is your chance)

    You want to jump in at the beginning of the next round of heavy buying. That will be when the dots begin to appear on the bottom of the chart line indicating it is going to continue on it's current up trend, with you now along for the ride.

  8. #48
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    Quote Originally Posted by TheReturn View Post
    Love him or hate him......You can use what he is doing to your advantage.
    what is he doing he only kept 17 of his first 500 promises

  9. #49
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    Quote Originally Posted by Keenstyle1 View Post
    The stock market sucks. It takes too long to make money. You have to play the LEVERAGED market. You can make ten times what you put in, like the same day.
    I don't get how you can say that if you are a trader and own a firm. Any pro trader can get the leverage the need. At one time I had less then $10k in my account and had $800,000 in buying power. With Futures you are already leveraged, with say the ES, at $250 times the index and can open an account with only 2 grand. Leverage is a double edge sword

    Quote Originally Posted by Keenstyle1 View Post
    I'm a trader, I own a firm. I hedge against the market all day. If any of you are serious I can give you the quick education which you can paper trade with and see your hypothetical gains. For someone who hasn't done it, warning, it is more addictive than gambling because it's not based on luck or fundamentals.
    What instruments to you trade? And on your example of buying a pull back, how do you determine if its a pull back in the bigger trend or a reversal? I could never find a good method for this.

  10. #50
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    lol, you should always listen to the guy with a gordan gecko pic.

    get outta the small time $10 shares and get some berkshire hathaway, trading at $88,250. topped out at $147k this year, and its near its lowest now. so some nice returns in that one LOL. warren buffet plays so games with splitting stocks apparently.

  11. #51
    J431S is offline Banned
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    Good luck!!
    Last edited by J431S; 06-02-2009 at 09:52 AM.

  12. #52
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    Quote Originally Posted by J431S View Post
    Good move, mate, that's I did a while ago except for BAC. These are all blue chips, I'm 100% sure they will rebound to their all time high, only time will tell.

  13. #53
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    Quote Originally Posted by T_Own View Post
    lol, you should always listen to the guy with a gordan gecko pic.

    get outta the small time $10 shares and get some berkshire hathaway, trading at $88,250. topped out at $147k this year, and its near its lowest now. so some nice returns in that one LOL. warren buffet plays so games with splitting stocks apparently.
    What Warren Buffet does is not for all of us. He is a BIT out of our league with his buying power. So how much Bershire stock do you own at $88k a pop?
    Last edited by TheReturn; 04-26-2009 at 06:26 AM.

  14. #54
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    Quote Originally Posted by J431S View Post
    Good move, mate, that's I did a while ago except for BAC. These are all blue chips, I'm 100% sure they will rebound to their all time high, only time will tell.


    "blue chips" don't stay the same and in no way shape or form is GM one anymore.....and they wont rebound either....they're going bankrupt....in a bankruptcy the shareholders get paid last (of the common variety)

  15. #55
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    Quote Originally Posted by TheReturn View Post
    What Warren Buffet does is not for all of us. He is a BIT out of our league with his buying power. So how much Bershire stock do you own at $88k a pop?
    i wouldn't buy berkshire hathaway.....if i was ROLLING in money i might buy a share or two for the hell of it.....but it's kinda like buying a mutual fund in my mind....i like making my own investing decisions

  16. #56
    J431S is offline Banned
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    Quote Originally Posted by TheReturn View Post
    I bought GM for a short term hit. I do think they will file for bankruptcy in the near future. It was my 'gamble of the week'. I only bought 1000 shares. Figured if it hit $1.80 to $2.00, I would dump it. I believe it closed at $1.69 yesterday. I'm up about $200 right now. I may wait until Wednesday or Thursday to see where it is and cash out.
    You are dead wrong! wrong! wrong!

  17. #57
    J431S is offline Banned
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    Quote Originally Posted by RuhlFreak55 View Post


    "blue chips" don't stay the same and in no way shape or form is GM one anymore.....and they wont rebound either....they're going bankrupt....in a bankruptcy the shareholders get paid last (of the common variety)
    You were right, man, my hat's off to u!

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