karennma 8,057 posts msg #122615 - Ignore karennma |
1/26/2015 12:00:11 PM
SWKS is one of those stocks that you're better off just holding.
I could've made 10X more money holding, rather than trading.
Sometimes trading just ain't worth the trouble.
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bankwalker 30 posts msg #122616 - Ignore bankwalker |
1/26/2015 12:38:47 PM
Yes karennma, but how do you know that ahead of time? That is the challenge.
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karennma 8,057 posts msg #122619 - Ignore karennma |
1/26/2015 12:53:30 PM
Indeed!
Having 20/20 foresight (as opposed to hindsight) is the challenge.
It's the dilemma that keeps me on Bayer Migraine Mon-Fri.
:>/
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karennma 8,057 posts msg #122621 - Ignore karennma |
1/26/2015 5:16:00 PM
Re: SWKS being overbot
I've been using StockFetcher a very long time.
Rarely have I seen a stock continue to go up after I've gotten a SELL signal.
Of course, it's the kind of nightmare I never forget .. TASR, TWTR, TSLA and AAPL.
Each time, I'd repurchase the stock, it would then go DOWN .... and I was left holding the bag a LONG time.
Sometimes it's just better to "hold" and do nothing.
Sigh.
:>/
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karennma 8,057 posts msg #122622 - Ignore karennma |
1/26/2015 5:48:26 PM
The other thing I've found out from going to numerous webinars is, most professional traders are not even buying stock anymore.
Most are trading futures or options and making a ton of $$ because of the leverage. They rarely hold positions overnite, so, they always have their cash.
When you're trading stocks, you have NO leverage. And if you're swing trading, you don't have your cash either -- for days or weeks.
In the last month, I've made $3200 trading SWKS.
With all the stupid in and out trading I did, I could've just bought 1K shrs, done nothing for 30 days, and made $12K.
In a bull market like this, you're better off with a day job (or a hobby if you're retired), find some good stocks and let your profits run.
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Eman93 4,750 posts msg #122623 - Ignore Eman93 |
1/26/2015 7:25:56 PM
Yes futures and forex.. You can get killed with leverge look what the swiss did. Be sure to trade as an LLC or they can take everything you have.
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Eman93 4,750 posts msg #122624 - Ignore Eman93 |
1/26/2015 10:23:40 PM
http://fortune.com/2015/01/16/swiss-franc-400-million-losses/
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Eman93 4,750 posts msg #122626 - Ignore Eman93 |
1/26/2015 10:33:35 PM
I hope FXCM does not go belly up. I like the Fx Daily site, lots of great information and professional trading going on.
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guspenskiy13 976 posts msg #122628 - Ignore guspenskiy13 modified |
1/27/2015 9:46:26 AM
karennma - i'm with you on this one. I don't know who in their clear mind wouldn't hedge with some puts at times of uncertainty, especially if IV is low. I hedged yesterday - and a big loss became a tiny loss.
I also like to trade some-what both directions - buy puts and buy calls - when you hit top or bottom - "release" the profitable contracts and let the losers get some money back. It's so much easier psychologically. Anyhow,
We are in a shitty situation right now. ~4.8% range with clear support and resistance. If today won't fill...that might be a breakaway
And I don't believe in Apple....the valuation is hyped up and absurd....

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karennma 8,057 posts msg #122631 - Ignore karennma |
1/27/2015 3:06:13 PM
@guspenskiy
I'd love to have a service where I could see how many puts & calls are outstanding on AAPL.
I used to have a subscription to LIVEVOL, but I soon realized, yes I was getting the put & call info, but NOT whether they were BTO or STO.
So, in other words, just because there were 10,000 calls outstanding and only 7,000 puts outstanding, that meant nothing if 9,000 of the calls were Sold to open and only 1,000 were bought to open.
There is one service that tells you BTO, STO, BTC, STC, but the sub is $1K a month.
:>/
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