Stock market tips and experiences

AngelinIsRich08 · 08-02-2011, 04:26 PM

Shitty markets. And I sold SPXU at a loss because when I bought at $15.75 I put a stop loss at $15.70. It sold all my shares during Monday mornings brief surge and I lost about 0.1% when I was up 4%. I was so angry I didn't buy again yesterday and it's risen 12% since then. If markets tank even more tomorrow I could buy now and profit about 4% if markets are even half as bad.

AngelinIsRich08 · 08-02-2011, 04:33 PM

I'm thinking double dip. Look at the economic factors.

mact3333 · 08-02-2011, 04:43 PM

Quote:

Originally Posted by AngelinIsRich08

I've been playing this market wrong all week. I'm fairly certain the markets will be down tomorrow as well. I've missed out on about 16% profits with SPXU bit won't mind gaining 4 or 5% tomorrow if markets are half as bad.

Have I not been pumping AGQ for past 6 wks???...

.

Govt answer to everything is more money supply...more money more inflation.

mact3333 · 08-02-2011, 05:20 PM

Quote:

Originally Posted by AngelinIsRich08

I'm thinking double dip. Look at the economic factors.

double dip impossible cause we never got out of first one hehe.

we are in confirmed ST/IT/LT bear now in SPX but not in NDX and INDU...but 4 days straight to upside or downside usually implies a trend change(and we got 7 now)...march to may neckline broken now...watch for snapback to trendline followed more plunging...many many foreign mkts toped awhile ago and are in confirmed downtrends.

Metals in true bull mkt though.

We shall see.

AngelinIsRich08 · 08-02-2011, 05:54 PM

Yea, my SLV ETF is up 4% today.

ES_TRADER · 08-02-2011, 09:55 PM

Quote:

Originally Posted by twinturbo335

Haven't been on this for a while..

Anyone watching BAC? Read numerous articles stating that BAC is good to buy in August..Debating about it..

BAC buy it and buy more...and more.......and more.....rinse and repeat

ES_TRADER · 08-02-2011, 09:57 PM

Quote:

Originally Posted by AngelinIsRich08

I'm thinking double dip. Look at the economic factors.

im not sure that economic factors have anything even remotely related to whether or not we double dip...ill leave the dd up to the charts to call it

BayMoWe335 · 08-02-2011, 11:21 PM

Fuck this.

Wait, at least I'm long GLD.

wren57 · 08-02-2011, 11:24 PM

QE3 is all but guaranteed now. The gov't will certainly choose to monetize this increased debt.

China rating agencies just downgraded our debt to A. Let the upward cost spiral of borrowing begin.

BayMoWe335 · 08-02-2011, 11:29 PM

Quote:

Originally Posted by wren57

QE3 is all but guaranteed now. The gov't will certainly choose to monetize this increased debt.

China rating agencies just downgraded our debt to A. Let the upward cost spiral of borrowing begin.

China still loves to buy that US debt.

wren57 · 08-02-2011, 11:31 PM

Yes. But they'll demand more $ for it.

stylinexpat · 08-03-2011, 01:40 AM

Quote:

Originally Posted by AngelinIsRich08

Yea, my SLV ETF is up 4% today.

Nice

Quote:

Originally Posted by richpuer

BAC buy it and buy more...and more.......and more.....rinse and repeat

I like BAC long term and like SIRI long term as well.

Markets suck now. This is the time to be in Gold and Silver or SPY puts. SPXU holders should be happy. I lost a lot of money on them OXY calls

Was freakin rigged or something. Numbers and profits were good but it sold off.

SLV should have spiked big time today but it only climbed 4% which was very odd. To me it was not very odd because one can see that it was being held down and big boys were holding it down over the last 1-2 weeks and not allowing it to spike up past the $40 mark though it did now.

Chowbow · 08-03-2011, 02:45 AM

Sold everything last week except GLD. I'm not sure if I want to add to GLD - I'm thinking it's nearly "chasing" but then again, I can't see it coming down anytime soon.

ES_TRADER · 08-03-2011, 09:18 AM

Monthly GLD is starting to look parabolic...few more sessions and ill gladly fade it

mact3333 · 08-03-2011, 10:39 AM

some AGQ anyone??...it was 160 when I rec'd no?...

.

AngelinIsRich08 · 08-03-2011, 11:25 AM

Screw me and SPXU. I buy too high, sell to low because it's bipolar and almost impossible to predict as it varies by percents every minute. SLV is up to $40.57 now!

wren57 · 08-03-2011, 12:43 PM

I'm trying to decide how legit this move it. I knew this was coming, but I lost my conviction and balls and didn't make the play properly because of how many BS rallies the market has had the last few years. Gotta stop playing psychology and play fundamentals. I really believe gold will shoot higher and the markets will keep falling, but at these prices it is tough to hop in.

I'm looking at ERX. If it falls around 10% more I'll get in, looking towards QE3 as what will re-inflate energy prices (and completely destroy the economy).

mact3333 · 08-03-2011, 12:51 PM

Ratings agencies threatening to downgrade our debt if we do QE3...interesting...feds have some pressure on them not to do it now...but somehow we will do it but we will call it something else when we officially enter a double dip which we all know we are in right now anyway.

GDP revised to 0.4% first quarter and now 1.3% for 2nd quarter...and these are artificially altered up so you can imagine what it really is right now.

The only thing that worried me about my metals is that the miners(HUI) is diverging from the price of gold...gold making new highs and miners are not...not a good sign imho...this type of move usually precedes corrections, esp given that gold has gone semi-parabolic...but if you hold actual physical gold like I do(and you should too), then you can usually hold through sizeable scary corrections.

wren57 · 08-03-2011, 01:52 PM

ERX anyone?

Inspired · 08-03-2011, 02:03 PM

Not sure it I should buy now for BAC. Looks like it is still sinking ATM.

Any chance of rebound anytime soon?

mact3333 · 08-03-2011, 02:08 PM

I have this weird feeling after SPX does obligatory snap back rally to 1263 we then tank...

.

AngelinIsRich08 · 08-03-2011, 02:17 PM

Quote:

Originally Posted by mact3333

I have this weird feeling after SPX does obligatory snap back rally to 1263 we then tank...

.

Why? I unfortunately have this feeling too.... I did buy SPXU and Sdow this morning though and I added to my SLV position.

08-02-2011, 04:26 PM	#1673
AngelinIsRich08 Banned 64 Rep 708 Posts Drives: '11 X5M, '09 CTS Join Date: Jan 2011 Location: St. Louis, MO iTrader: (0)	Shitty markets. And I sold SPXU at a loss because when I bought at $15.75 I put a stop loss at $15.70. It sold all my shares during Monday mornings brief surge and I lost about 0.1% when I was up 4%. I was so angry I didn't buy again yesterday and it's risen 12% since then. If markets tank even more tomorrow I could buy now and profit about 4% if markets are even half as bad.
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08-02-2011, 04:33 PM	#1674
AngelinIsRich08 Banned 64 Rep 708 Posts Drives: '11 X5M, '09 CTS Join Date: Jan 2011 Location: St. Louis, MO iTrader: (0)	I'm thinking double dip. Look at the economic factors.
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08-02-2011, 05:54 PM	#1677
AngelinIsRich08 Banned 64 Rep 708 Posts Drives: '11 X5M, '09 CTS Join Date: Jan 2011 Location: St. Louis, MO iTrader: (0)	Yea, my SLV ETF is up 4% today.
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08-02-2011, 11:21 PM	#1680
BayMoWe335 Colonel 1206 Rep 2,132 Posts Drives: 2010 E92 335i 6MT Join Date: Aug 2009 Location: US iTrader: (0)	Fuck this. Wait, at least I'm long GLD.
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08-02-2011, 11:24 PM	#1681
wren57 Roll Tide 605 Rep 2,363 Posts Drives: 335i Join Date: Jul 2010 Location: St Louis iTrader: (10)	QE3 is all but guaranteed now. The gov't will certainly choose to monetize this increased debt. China rating agencies just downgraded our debt to A. Let the upward cost spiral of borrowing begin.
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08-02-2011, 11:31 PM	#1683
wren57 Roll Tide 605 Rep 2,363 Posts Drives: 335i Join Date: Jul 2010 Location: St Louis iTrader: (10)	Yes. But they'll demand more $ for it.
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08-03-2011, 02:45 AM	#1685
Chowbow pew pew 169 Rep 6,781 Posts Drives: 三三五i Join Date: Aug 2007 Location: CA iTrader: (6) Garage List 2015 BMW 328i wagon [0.00] 2007 BMW 335i sedan [10.00] 1997 BMW 328i track ... [10.00]	Sold everything last week except GLD. I'm not sure if I want to add to GLD - I'm thinking it's nearly "chasing" but then again, I can't see it coming down anytime soon. __________________ CSL replicas are now CSL counterfeits. Jesus saves, like Valentine1.
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08-03-2011, 09:18 AM	#1686
ES_TRADER Colonel 351 Rep 2,928 Posts Drives: 328i, 335i, M3, 535i, X5, 36M Join Date: Oct 2010 Location: OC iTrader: (3) Garage List 2014 Ford Raptor [0.00] 2012 328i E92 [10.00] 2013 X5 [0.00] 2013 335i F30 [8.00] 1990 Toyota Previa [0.00] 1997 E36 M3 [10.00] 2011 E92 M3 [0.00] 2011 535i [0.00]	Monthly GLD is starting to look parabolic...few more sessions and ill gladly fade it
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08-03-2011, 10:39 AM	#1687
mact3333 Captain 126 Rep 876 Posts Drives: 16' YMB/Blk F82 Join Date: Mar 2011 Location: Portland Area iTrader: (1)	some AGQ anyone??...it was 160 when I rec'd no?....
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08-03-2011, 11:25 AM	#1688
AngelinIsRich08 Banned 64 Rep 708 Posts Drives: '11 X5M, '09 CTS Join Date: Jan 2011 Location: St. Louis, MO iTrader: (0)	Screw me and SPXU. I buy too high, sell to low because it's bipolar and almost impossible to predict as it varies by percents every minute. SLV is up to $40.57 now!
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08-03-2011, 12:43 PM	#1689
wren57 Roll Tide 605 Rep 2,363 Posts Drives: 335i Join Date: Jul 2010 Location: St Louis iTrader: (10)	I'm trying to decide how legit this move it. I knew this was coming, but I lost my conviction and balls and didn't make the play properly because of how many BS rallies the market has had the last few years. Gotta stop playing psychology and play fundamentals. I really believe gold will shoot higher and the markets will keep falling, but at these prices it is tough to hop in. I'm looking at ERX. If it falls around 10% more I'll get in, looking towards QE3 as what will re-inflate energy prices (and completely destroy the economy).
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08-03-2011, 12:51 PM	#1690
mact3333 Captain 126 Rep 876 Posts Drives: 16' YMB/Blk F82 Join Date: Mar 2011 Location: Portland Area iTrader: (1)	Ratings agencies threatening to downgrade our debt if we do QE3...interesting...feds have some pressure on them not to do it now...but somehow we will do it but we will call it something else when we officially enter a double dip which we all know we are in right now anyway. GDP revised to 0.4% first quarter and now 1.3% for 2nd quarter...and these are artificially altered up so you can imagine what it really is right now. The only thing that worried me about my metals is that the miners(HUI) is diverging from the price of gold...gold making new highs and miners are not...not a good sign imho...this type of move usually precedes corrections, esp given that gold has gone semi-parabolic...but if you hold actual physical gold like I do(and you should too), then you can usually hold through sizeable scary corrections.
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08-03-2011, 01:52 PM	#1691
wren57 Roll Tide 605 Rep 2,363 Posts Drives: 335i Join Date: Jul 2010 Location: St Louis iTrader: (10)	ERX anyone?
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08-03-2011, 02:03 PM	#1692
Inspired Colonel 153 Rep 2,368 Posts Drives: 335i Join Date: Dec 2007 Location: California iTrader: (2)	Not sure it I should buy now for BAC. Looks like it is still sinking ATM. Any chance of rebound anytime soon?
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08-03-2011, 02:08 PM	#1693
mact3333 Captain 126 Rep 876 Posts Drives: 16' YMB/Blk F82 Join Date: Mar 2011 Location: Portland Area iTrader: (1)	I have this weird feeling after SPX does obligatory snap back rally to 1263 we then tank....
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