Stocks, Futures, Options Trading. Lets see what you playing and why

do you use any technical indicators? do place your buy or sell orders and Stops? just curious that's all. I am always learning. I believe peoples personality is key whatever style suits you .

No. I have targets but I don't really use stops. I put stops that wont be reach just so I can set my target. It was a painful European session but the Americans saw the GS case pretty much the way I saw it. And the USD ran inverse to the S&P like the early days of the rally.
 
do you use any technical indicators? do place your buy or sell orders and Stops? just curious that's all. I am always learning. I believe peoples personality is key whatever style suits you .

I came out of that day nicely. Was up 115 pips.

End up jumping in the CAD short too early yesterday and overleveraged cause I knew we had to get a bounce back. Had 5 positions a couple bigger than my usual size caunse I was going in for a quick 10-25 pip bounce. I doubled down on the position when I thought the charts confimed a move in my favor. I did get the 15.pips on the EURCAD. I got 10 and less on the other positions. Decided to let the play run instead of locking in those profits just in case there was more profit to be had. What I should have done then was set my stop loss to break even. I went away from the computer and came back. I was down 50 pips. So I decided to watch to see if it might recover then. Checked my margin and it was going down. I said to myself "I am not going through another big down day sitting and waiting and having to quickly add capital to account so I could obsorb the drawdown before the recover. I never had a problem with the position recovering. The problem was having enough capital to obsorb the drawdown while I wait to be right. So after watching the position drop to minus 75 pips and not seeing any end in sight and knowing how the European session can open crazy sometimes I decided to cut that loser cause it was falling faster than the rest. That gave the other positions room to breath. Went to bed. Woke up about 4:30 found that I was down 100+ pips in the other position. Good thing I closed that EURUSD.

I made a few trades with the balance I had as a result of the closed position and brought the account back some. When the US session opened this morning the USDCAD position recovered. I closed one of those position for 8 pips. Left the other one running. Still have couple AUDCAD positions. I shorted the EURCAD positions today to hedge the other Long positions.

Still practicing good account management and trade management. Hehehe. Getting in at the right time is only the beginning. Getting out is even more important.
 
Made over $8000.00 this week selling insurance, stumbled into this business when I paused my clothing business and this is selling to low income innercity customers. Will make about $5000.00 between thursday and saturday selling handbags, t-shirts, jeans, sneakers etc. This weekend I will make at least $2000.00 selling porn out of a rented house. Grand total this week about $20,000.00.
 
Made over $8000.00 this week selling insurance, stumbled into this business when I paused my clothing business and this is selling to low income innercity customers. Will make about $5000.00 between thursday and saturday selling handbags, t-shirts, jeans, sneakers etc. This weekend I will make at least $2000.00 selling porn out of a rented house. Grand total this week about $20,000.00.

You a true hustler man. I think you should post this in a new post. You can then pitch the insurance (recruit or sales). You could pitch the bag business too. You could pitch the porn business too. Shit you could franchise the clothing business and the porn business.

Man I thought people stop buying porn DVDs. 2Gs just like that from selling DVDs? You selling to under age kids? How come the cops aint showed up at that rented house? People going in and out of a rented house cause only 2 things be selling.... I aint saying you selling weeds and you's a pimp. I'm just saying ...
that's what folks be saying, you know. dem foks.
 
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You a true hustler man. I think you should post this in a new post. You can then pitch the insurance (recruit or sales). You could pitch the bag business too. You could pitch the porn business too. Shit you could franchise the clothing business and the porn business.

Man I thought people stop buying porn DVDs. 2Gs just like that from selling DVDs? You selling to under age kids? How come the cops aint showed up at that rented house? People going in and out of a rented house cause only 2 things be selling.... I aint saying you selling weeds and you's a pimp. I'm just saying ...
that's what folks be saying, you know. dem foks.


LOL...lol... I got a female friend selling dvds for me. Somehow she got hooked on porn but you can't buy them legally in this city. So I got her a few, she taped them and sold them to some friends and now she has a steady business which I supply. The same with the clothes my homeboy sells them for me. He does the retail and I got a couple other people who buy bulk so it's a nice little business. I sell the insurance myself, like I said I stumbled into this when I found out my mom was still paying a burial policy she had almost twenty years. I hooked up with a broker, got my licenses and started working the Black community here. I can sell them policies they didn't know exist because we have only been exposed to debit and burial insurance. It's a great way for people to make money and help the Black and Latino communities because they are ignored by big insurance companies. The opportunity to establish yourself as THE INSURANCE MAN for the community is there and there's money to be made..
 
If you are serious about making money my way is the way to do it not saying my products are right for your situation but the concept is. But money without political power is a problem it makes you a target. So if you get paid using my system you got to give something back in terms of political support or power.
 
Ok I'll bite since you talking residuals. Open up your thread. We'll leave this one for trading stocks, futures, options, forex, commodities and other financial instruments traded in the open market.

If you are serious about making money my way is the way to do it not saying my products are right for your situation but the concept is. But money without political power is a problem it makes you a target. So if you get paid using my system you got to give something back in terms of political support or power.
 
Re: Stocks, Futures, Options Trading. Lets see what you playing, thinking and why

FXstreet.com (Córdoba) - The Euro finished barely above 1.3300 on Friday with an important increase but not enough to erase previous losses for the month. EUR/USD fell for the fifth consecutive month and accumulates a decline of 1700 pips since December.

The Greek debt crisis and downgrades in Portugal and Spain weighted on the Euro that reached a 1-year low on April. On Friday the pair rose for the third consecutive day helped by a possible rescue package to Greece within days but the common currency remains under pressure.
 
KJXXX how you doing so far with the trading?

I didn't end the week well. My bad habbits crept back in and had the better of me. I went short EURUSD as a quick trade. Was profitable net 25 pips. Had a tgt close and take profit @ 30 pips. It reversed at 25 pips. I had 3 Short USDEUR positions and 1 EURGBP to hedge. Generally this trade works but on Thursday the GBP rallied harder than the EUR. I got a GBPUSD as additional hedge but cut eventually when it was moving too slow upwards. What I should have cut was the EURGBP but it had a huge loss at the time and for some reason I had a problem cutting losers thursday.

Friday during the European session open the EURUSD continued to rally. I was down net 400+ pips and pretty much overleveraged. I lost the 86% growth to the account I had accumilated since April 1st. I decided to close all postions and reversed to the long side as I should have done Thursday. I did then it moved against me. I closed for 2 pip loss. I reversed back to the short side and closed for a 17 pip loss on 2 positions.

I decided at that point to rethink my strategy because I knew better and my analysis was right but I just was not trading with my analysis. I was looking at the trend seeing that it was up but yet remained short hoping instead of trading what I say. I was clearly sabotaging my wealth. I knew that's what I was doing but remained paralyzed in stopping. It was totally an emotional thing. The bad thing is during the trades that I lost money on they were net successful between 10 - 25 pips at some point but something kept prevented me from taking the profit.

I took a break went to sleep got up and made a couple small trades and net 30 pips.

So while analysis can be very important, it is more important to have proper trade and account management. Make a set of rules and stick to them. Don't change a short term strategy to long term mid trade without making sure you've done the account risk management analysis first. Should be done before the trade is put on. That way I have a plan to cut back on the position size to make sure I am able to withstand the potential drawdown.
 
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In one of my optionsxpress account on Wednesday during the selloff I went long the EURUSD using options on the EURUSD ETF (FXE). I went long using the same bull put spread I did the last time.

Apr. 27 at 12:52 PM - Went long $EURUSD via FXE Jun10 133 Put/Jun10 135 Put Bull Put Spread (Short FXE Jun10 135 Put, Long FXE Jun10 133 Put) @ 1.20

or

bought x contract(s) of FXE Jun10 133 Put. @2.54 and sold x contract(s) of FXE Jun10 135 Put. @3.59

So if there is good bail out news and we get a huge gap up like the last time and it manage to hold till US open on Monday then my position should benefit nicely.

My belief is that we will still get a selloff until they come up with a plan where it actually seem like Greece will get the money now as opposed to the last plan which pretty much said if worse come to worse then Greece can borrow from us and that plan was still not solid since Germany is facing oposition to donating money.
 
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Something that bugged me about last weeks run up in the EURUSD was the fact that we all knew that even this weekend's agreement is not a real agreement because while German prime minister says she will put her full support behind it it will be a challenge as she takes it back to her parliment to be voted on. She will be doing this on Friday. I guess instead of it having the big gap like last time when the first EU and IMF agreement was made on the Sunday and there we the huge gap; they run it up and now we have a smaller gap today.

If history repeats itself then we should have a selloff as the agreement is just like the previous agreement. Germany is still not in. The prime minister has to take it back to parliment and have it voted on and then there are a bunch of German professors threatening to file law suite if it goes through.

So there is still uncertainty about the whole deal that should prevent the EURUSD from rallying a whole lot.

Have already made one round trade already shorting the gap.
 
great overall analysis KJXXXX. I still in SHORT on EUR/USD currently trading of Day Chart look at 4hour for decent entry but
Price action did pick up and concerned about having unsustainable borrowing costs, Greece requested for a bail out near the end of the week.

According to Valeria Bednarik, Fxstreet.com collaborator, pair presents extreme oversold readings, as she states: “pair slump continues mostly on Euro weakness, with 4 hours charts showing RSI under 20, extreme oversold readings, that for it’s own, does not meaning an upside correction to come; during whole 2009 RSI has reached only 3 times levels under current 19.90 area, followed by a strong upside correction in the following days”. She also adds resistances from current levels are located at 117.60 and 118.10 area, while lost of 116.50 will open doors for a downside continuation to 115.80 area.
 
I am doing ok bro. Hanging in there. Glad you doing the trade well. I can analyze the crap out of it but I haven't executed well. Used bad account management all week and repeat the same error I know I shouldn't the whole time. Stepping back for a while.

great overall analysis KJXXXX. I still in SHORT on EUR/USD currently trading of Day Chart look at 4hour for decent entry but
Price action did pick up and concerned about having unsustainable borrowing costs, Greece requested for a bail out near the end of the week.

According to Valeria Bednarik, Fxstreet.com collaborator, pair presents extreme oversold readings, as she states: “pair slump continues mostly on Euro weakness, with 4 hours charts showing RSI under 20, extreme oversold readings, that for it’s own, does not meaning an upside correction to come; during whole 2009 RSI has reached only 3 times levels under current 19.90 area, followed by a strong upside correction in the following days”. She also adds resistances from current levels are located at 117.60 and 118.10 area, while lost of 116.50 will open doors for a downside continuation to 115.80 area.
 
I made a couple of trade when the forex was crashing on May 4th to the bull side using options. I am basically Long EUR and AUD

2 FXE JUNE 2010 +133/-135 Bull Put Spread @ -1.20
3 AUX MAY 2010 +105.5/-108.5 Bear Call Spread @ -2.53

Man the ECB gets no respect. I thought Sundays rally would have gone much higher. I even bought .003 standard lot EUR in my IB cash account and was up like $6 before Europe open then went to bed and woke up in the morning and that shit was -. I was like damn, those guys really want to take this thing to 1.15 or eve parity. The AUD is another case.

Generally I'd be playing that fad the gap too, so in a sense the trade is happening as it usually would. I would enter that fade the gap too early and bawling on the way up and after riding it up for about 100+ pips it comes back and close the gap. It usually takes a couple of days to close it though after such a big run up. Now the moves are pretty big. Damn It gave bach the whole 360+ rally in 1 day.

I guess it filling the gap so quickly could be good if it is going to rally because then there is no one thinking they should be short because the gap needs to be filled. The next few weeks is important. We'll see if the ECB can show that they have real power like the FED
 
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The Greek stocks have come back. I had only bought 2 of them OTE - the telelcom and ALBKY - the lesser of the banks. The had fallen to new lows after I bought them and last month ALBKY fell to even lower. What I should have been doing was adding to my position as it fell lower but lack of funds prevented me from doing that. I wanted funds to trade so I closed the position and started trading with the cash raised. The plan was to hold the stocks for long term, at least a year or 2 so they could do as the US banks have done. Hopefully, others who are more of inverstors than traders held on to their and added more when the stocks were going down. This month the stocks are back higher for some and others including ALBKY is now back to a few points from where I bought it / or talked about entering them.

I still have OTE and collected a dividend on the few shares I purchased. The bigger move off the lows have been with the ALBKY though. Kinda like when C moved off it's lows. If one had bought then then one could have easily doubled their money.

It was a good plan. Will continue to monitor it. Sometimes it's just tough to be patient and let the plan play out.
 
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Guys

Dont be fooled with the last run up of the indexes. The volume is typically very very light this time of year....and last week was usually one of the lightest weeks of the year.

I still see the macro view of the indexes as very weak. This might be good time for some credit spreads on the DIA,RUT,SPY..

Good Luck
 
Man. I bought FNM at 1.00 now it is .30
Bought C at 5.00 now it is like 4.00

I actually dont know how to sell.
 
Man. I bought FNM at 1.00 now it is .30
Bought C at 5.00 now it is like 4.00

I actually dont know how to sell.

That is the biggest demon we have to fight while trading. It's not the buying, it's the selling that you have to concentrate on most. I would not worry about C if your goal is long term. I believe they will be a great bank again as soon as the government has sold all their shares then it will start moving up. FNM is a bad play from day one. I don't know why they still allow them to trade on the stock market. They don't need to make a profit and will still go on. What other trading company you know that profit is not the main goal and if investors can't get a feel for when they will be profitable then then company goes bankrupt.

I keep blowing up accounts while fighting demons. I have had some self sabotage problems going on. I keep not selling when I should and selling when I shouldn't. For instance I sold my OTE cause I like action and wanted faster profits. So I bought FXE - (EUR/USD) Put and made $50 & $75 in different account. It was only supposed to be a 1 day trade. I closed the position in my kids account and decided to let the one in mine close near market close. Lets just say it worked out that I didn't close it and end up losing everything on that play.
I had BP Oct 38 calls from in August and got profit of 50% early in the trade. Didn't take it and watch the option lose value to where I was down 60%. I waited till it return to where I was down only 25% and closed it so I could buy some FXE and DIA put. I made 50% profit on the DIA and was up 10% on the FXE. I didn't close either for what ever reason and now they are both going to expire worthless.
Oh, A week after I close the BP calls they came to an agreement with government stock shot up to 42 which would have been at least a 150% but I missed it.
I also imploded the forex account I had grown more than 1200% to 0.

The good news is I started a new forex micro account last month and I'm up 100%. I have repeated a few times some of the same trading mistakes, even this week I fought with that profit taking and cutting losses quickly demon. Seems I hate taking losses and have sat through huge draw down till I am right. The problem with doing that is that time is wasted waiting to be right where I could have sought other trades or even just reverse the trade I was in till it was time to go in the direction I originally thought it should.

If I was making long term bets I could be rich but there isn't much fun in that for me. I like the feeling of winning each day or the excitement of the day trade. Perhaps if I had a regular job then I would have to be settled with my long term plays and then I would see real growth. Like when I look back at some of the recommendations I've made to folks for long term plays. Had they made them they would have made some nice profits.
 
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It's taken me about 2 years to buy into this bullish arguement and stop fighting it. I know I should trade with the trend but the problem with when I am day trading and trading on margin is that though I know what the longer term trend is that if I am trying to maximize my profit I have to get the right entry. If I go in with 100% margin I can make the most money. The problem with that is I have a very tiny room of margin of error on my entry. As I start decreasing the amount of margin I use then I can afford more room for error in my entry but that limits my profit. I can figure out a shorter term trend and trade within that with a calculated loss tollerance. The problem with that is when news events comes like Non Farm Payroll then it can easily kill your account and also distort the trend data. I've gotten killed on those announcement a lot of times.

The trend or the talk of the trend is for the stock market to go up and the US dollar to go down as long as the FED keeps printing more money or keep talking about quantitative easing. The reasoning being that the first place to benefit from such action is the stock market as the money must go somewhere and the first place is the financial institutions, then corporations, then investers and workers.
The problem now is when there are pullbacks because of something happening somewhere changes the market attention/mood and it takes a dive as a result. The other problem is fighting my greed and fear demons

I have been scared of trading those news events but Friday I finally took a couple trades. Some
before the event and some after the announce. I am still working on getting out of trades when I feel the trade is not going to work especially when I am short. I seems the natural tendency of the market is to go up. So when I am short and I see it pause for a bit, even 5 mins and I am trading a short term move then it usually coils upwards after and I usually regret not getting out more than I regret staying in.

Still working on the kinks to where everything becomes automatic.
 
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I will probably be looking at the forex market starting at 6pm EST seeing if there are any tradeable events. I will be watching posts on stocktwits and will also be at this chat site http://www.blue-point-trading.com/ (right click on traders lounge and open in new tab)

I actually like forex market now more than stocks. Stocks require more capital outlay and I usually trade options in that case. Over the years I had been trading options for big returns when I should have been focusing on day trading it for only a few pennies. The problem I've had with trading options is the rapid decay and the fact that after market close at 4pm - 9:30am I am up the shit creek with no paddle as that is ofter the times when news come out that severly affect the position. With forex because it is 24hrs 5 days a week you have more control.
 
was up last night trading forex. Was looking at playing fill the gap. Got in my first trade and was up 10 pips then it reversed. I closed the trade for 3 pips. Mad a big bet trade when it came back down and looked like it would fall below. It snapped back agaist me and I was down 15 pips thinking. These trades always move against me 1st yet this is how I chose to play it. I decide I am going stick with the trade. I did and there were times when I thought I should take the 10 pip profit and run but decide I would stick it out for the 40. It got to 2 points of my stop and reverse then I thought I should close now at 35 pips profit but I let it play out. It was decreased +15 pips and I'm thinking I wish I took the 35. Then it came in and I had a revrse order set that I thought would take me out because thats the way it worked at my old broker and this broker did not have any other option. The order was hit but the broker canceled it. I was up about 50 pips. I noticed that my profit was not down to what it should be if I was short a portion. When I realized that the order was canceled and went to sell it was back to +35. I decided to hold and see if I get 40 again. As soon as I did I closed 1/3 and left the other to see if I could make big bucks if it kept falling Unfortunately it reversed and stopped me out for +15 pips profit. So overall it was a very nice way to end the early monring. I can relax for the US session now.

This is what I mean when I say I play high risk. I could have lost big if it had moved big against me. But today I was confident that I would be right. The question was; would I get crushed before proven right? I did have a number that I would have bailed on the trade though. Unlike other times where I would risk the whole account. I no longer have that desire as I would rather have some money to be trading than sitting and doing nothing particularly since I'd rather trade than anything else right now.
 
A friend told me about this site where I can see what trades other traders are making and follow their trades. It has history of their performance. If you are a good trader you can make money from people following your trades also.
http://ki10000k.zulutrade.com/

I think it might have been posted here before. I just finally paid attention to it because I took someone up on a bet. One of them was running a simulated account and I told him that I think simulated accounts are bullshit and anyone can have perfect trades in them so he he told me to back it up by making at least 20 trades and making at least 100 pips by the end of the month. We using them to keep track of the trades and display it.

Account we tracking is: http://zulutrade.com/Follower.aspx?ref=1&id=288312

Updated: 10/27/2010 13:56 EST
Shit man I amost imploded the account and lost the bet.
I was holding a GBPUSD short position that went against me horribly after especially after the GBP numbers came out and were good. I had bought a large long position and closed at +10 pips to make some cash to cover cash drawdown while I wait out the bad short position GBPUSD.
I bought some EURUSD position which I should have closed when they reversed on me but didn't want account to show loss so I kept them. and because I had enough cash was going to wait them out. One of the EURUSD positions was from about 01:30 EST. I added to it during the US session.
About 12:30 I had guest so I just got up and left all the positions instead of closing them out. I was way ahead in the bet by pips and profits so I decided I'd wait the positions out till they became profitable as I didn't want to have any losses in my stats or rather big losses. I decide I didn't want another margin call so I would stop some automatic trades from coming in by disabling that feature. I mistakenly diabled the account which I found out later had caused a forced liquidation and now I was down by almost 500 pips in the account and +$22,000.
Luckily for me this AM I was able to bring the account back to the terms of the bet. I am +100+ and have a 6k profit and going to leave that account alone until atter the end of month when bet is over unless I see a pretty sure bet. I am tempted though to get back in and bet again cause I like the pressure.
 
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The Two Richest Men in America Could Invest Here... And I've Found 6.7% Yields

-- By Carla Pasternak
...

The investment universe of coal MLPs is tiny -- only seven partnerships operate in this space. However, four of these coal MLPs offer yields of 6% or better (Penn Virginia Resource Partners (NYSE: PVR) yields the highest at the moment, with a 6.7% yield). Virtually all of the coal MLPs delivered gains at least twice the S&P 500 last year.

http://web.streetauthority.com/npdf.asp?d=4263
see other stuff of hers here http://www.globaldividends.com/
 
Here is an old list of div paying stocks also. It does need pruning as some companies may have stopped paying. I will have to revise it later. Just check the yield column to see which doesn't. Still do some research on those you think are interesting.

Some of the stocks may show no dividend but they do so just click on historical price and then select dividend only and it will show the last time they paid a dividend

http://finance.yahoo.com/quotes/AAV,ASG,ACAS,ALD,AINV,BIF,BBK,CLM,CRF,CNSL,CEF,CRT,ERH,ERF,FGP,FRO,GAUBX,HMC,HYF,HYB,IGD,IGR,MTL,MMP,NCT,PPR,SCCO,PFN,PVX,PHK,PTY,RWT,RNE,RNP,RYN,STON,SFL,UL,VZ,ZMH/view/fv;_ylt=AmkfLI9E.bmULEGxEinJzBHkNbkF;_ylu=X3oDMTE1NDZjZjhwBHBvcwM0BHNlYwN5ZmlUYWJsaXN0BHNsawNmdW5kYW1lbnRhbHM-

here is another list.
This I got from DIV-InvestorPlace-Neil_George
http://finance.yahoo.com/quotes/AAR,AWF,DQUEN.PK,FJA,JZS,MJT,PJL,PKH,RF-PZ,V,CL

A few more
Got from Div-InvestorPl-RichBand-low-risk
http://finance.yahoo.com/quotes/RWEOY.PK,TOT
 
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Here is an Argentinain oil and gas company
YPF Sociedad Anonima Common Sto(NYSE: YPF) They pay a dividend. They have rebounded a bit from the lows. I don't know what strategy you would be employing now since the emerging markets have rallied a lot since the March lows. You can put stuff on your watch list for if there is a pullback or if you are going to buy on dips and hold for a long period of time.
Here is a blog that has a lot of Latin America info. http://incakolanews.blogspot.com/. The best thing about the site is the links to other site. Wealth of info

Couple more: YPF,PVD,ABV
http://finance.yahoo.com/quotes/YPF,PVD,ABV/view/v4;_ylt=AtFCajfPd3KBJ_OUanxzpUkLv7gF;_ylu=X3oDMTExNzBrM2ZiBHBvcwMzBHNlYwN5ZmlUYWJsaXN0BHNsawNkaXYtcGVyZg--
Source
http://seekingalpha.com/article/283828-top-3-dividend-stocks-in-latin-america?source=yahoo
 
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