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Author Topic: Trading Forex, stocks etc  (Read 291 times)

Rom4in

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Trading Forex, stocks etc
« on: April 18, 2020, 06:37:20 PM »

Does anyone on here does that?
Just started learn and trade forex
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liucas2

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Re: Trading Forex, stocks etc
« Reply #1 on: April 19, 2020, 11:29:32 AM »

I tryed to learn it, but it gives me a way too much stress and as i dont realy knew that much other than graph analises it wasnt that much profit and wasnt relayable at all.

But i think once one gets enought experience with it it can take the stress away.

But not for me
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kepap

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Re: Trading Forex, stocks etc
« Reply #2 on: April 20, 2020, 01:36:34 PM »

For most, it's a choice between buying stocks and holding onto them for a long time, letting compound interest do its work... or gambling (options, day trading). Well ofc even the first option isn't that simple, you need to pick companies that actually perform and don't go under when something like umm, global pandemic happens.


And there seems to be a kind of valley where you know something but not enough, try to be clever, but actually don't even beat the index come the end of the day... those who just KISS (keep it simple stupid) outperform them. If you want to be clever, you need to be extremely clever.


It's an endless timesink if you want to learn all the tricks of the trade (I definitely don't). For example those who hedged themselves against big plunges made a killing last month. e.g. https://www.bloombergquint.com/business/taleb-advised-universa-tail-risk-fund-returned-3-600-in-march
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Rom4in

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Re: Trading Forex, stocks etc
« Reply #3 on: April 21, 2020, 06:53:21 AM »

I am doing currencies and gold

Also today the barrel of OIL fall at 0.01 .... usual before all pandemic was around 50-55$ lol...

I blew up few accounts but i think if you have a good strategy and can manage risk:reward, it can be profitable

I would stay away from stocks and indices
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TheHeMan

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Re: Trading Forex, stocks etc
« Reply #4 on: April 21, 2020, 02:16:45 PM »

On the same train of thought...

I've been watching this show called "Billions" on Showtime.  It's about a billionaire hedge fund owner who's deploys all sorts of tricks to keep the top spot and figures out clever ways to protect himself.  Then there's his protagonist a US Attorney who tries to find devious ways to take the billionaire down.

It's a very entertaining show.  I like it a lot. There are 5 seasons of it and I'm finishing up season 2.  Season 2 is even better than season 1.  Showtime on Amazon Prime has 30 day free trial, you guys should check it out too.
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Rom4in

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Re: Trading Forex, stocks etc
« Reply #5 on: April 21, 2020, 08:21:49 PM »

I ll have a look about Billionaire

Not that i have much else to do stuck at home lol
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TheHeMan

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Re: Trading Forex, stocks etc
« Reply #6 on: May 19, 2020, 02:33:48 PM »

If you can pour in enough money, it can be easily possible to make $1,000 everyday in the stock market.  It's simple as buy a stock, wait for it to go up a few cents and sell it.  Depending on the amount you have risking the quicker it is to earn.  I have a friend okay okay not a friend, my infusion nurse, who used to do something similar in the past.  He would use between $10-15,000 for day trading and would stop when he made $100.  My thinking is do the same thing, instead of $10,000 use $100,00.  It takes the same amount of work to make $1,000 than to make $100.  Of course the risk of losing more is there as well. 
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kepap

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Re: Trading Forex, stocks etc
« Reply #7 on: May 19, 2020, 02:44:45 PM »

If you can pour in enough money, it can be easily possible to make $1,000 everyday in the stock market.  It's simple as buy a stock, wait for it to go up a few cents and sell it.  Depending on the amount you have risking the quicker it is to earn.  I have a friend okay okay not a friend, my infusion nurse, who used to do something similar in the past.  He would use between $10-15,000 for day trading and would stop when he made $100.  My thinking is do the same thing, instead of $10,000 use $100,00.  It takes the same amount of work to make $1,000 than to make $100.  Of course the risk of losing more is there as well.


This is called gambling
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TheHeMan

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Re: Trading Forex, stocks etc
« Reply #8 on: May 19, 2020, 03:08:34 PM »

This is called gambling

I am not okay with you equating trading with gambling.  Since I like to get help in formulating my arguments, I googled it.\
Quote
One important difference between day trading and going to the casino is that when you go out to gamble, you have a negative expected return. In other words, the house is always expected to win over the long run, on average. Trading, however, if done skillfully and artfully, can put you in the position of the house.
https://www.thebalance.com/the-striking-similarities-between-trading-and-gambling-1345200

Quote
You can certainly make it into gambling and in some aspects, it is very similar to gambling. However, just because it is similar to gambling doesn't necessarily mean that it should carry the negative connotation that gambling does.
https://www.quora.com/Is-trading-the-same-as-gambling

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malfeasance

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Re: Trading Forex, stocks etc
« Reply #9 on: May 20, 2020, 06:43:19 AM »

Just buy index funds and hold.   It beats all of these other strategies for the long term
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TheHeMan

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Re: Trading Forex, stocks etc
« Reply #10 on: May 20, 2020, 07:21:17 AM »

Just buy index funds and hold.   It beats all of these other strategies for the long term

That's what I used to think.  I kept my IRA in an index fund for 5 years.  Then one day I decided to trade it in and buy one stock.  The price of that stock went up over $1.  I sold it and made much more than having kept it in an index fund.  I accidentally bought more stocks than in my account, I've been suspended of trading for 90 days on that particular account. Lot of times it's a matter of luck.
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kepap

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Re: Trading Forex, stocks etc
« Reply #11 on: May 20, 2020, 11:34:03 PM »

[size=0px]I am not okay with you equating trading with gambling.  Since I like to get help in formulating my arguments, I googled it.[/size]


If you want to daytrade successfully, it's like trying to become a pro bodybuilder as natural, that's the level of competition. You're facing operators with million dollar hardware.


The price of that stock went up over $1.  I sold it and made much more than having kept it in an index fund.  I accidentally bought more stocks than in my account, I've been suspended of trading for 90 days on that particular account. Lot of times it's a matter of luck.


Buying stocks is smart if you "get" how an industry works, be it through work or hobbies or whatever, and can identify companies that have successful things going on better than the market can. That's pretty much the main way a casual fella can beat the market.


For example, I follow all kinds of motorsport, and I know supercars. Through that hobby I know that in several ways Ferrari is the absolute class in the field in its niche. On top of that, global wealth disparity is going up, and what will super rich people buy? Ferraris. I bought their stock 4 years ago for 35. Now it's 150, even with corona going on.




I don't claim to be any sort of financial expert, but you'd be surprised how little "value" pros set for profit. What they look at is profit relative to risk. For example, you can go tell one that your portfolio's value went up 50% in one month, and he can be unimpressed. Why? Because he'll look at how much risk you exposed yourself to gain that profit and the ratio is unacceptable. That is why day trading is a bad choice for most: it's exposing yourself to a lot of risk for small gains.
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Rom4in

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Re: Trading Forex, stocks etc
« Reply #12 on: May 20, 2020, 11:50:53 PM »

That's pretty much the main way a casual fella can beat the market.


You don?t beat a market of 5 trillion a day with biggest sharks on the world on it like maniacs. You follow it

Theses markets are make to chase liquidity so follow the flow of the banks and market makers

Also use a broker regulated with 1:100 leverage max. You will be in A Book of broker which money you earn will come from bank pocket and immediate and less commissions for brokers. B Book for broker you are in category to loose, they?ll manipulate spreads and if you earn some money, withdraw may be delayed as it comes from pocket of broker
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TheHeMan

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Re: Trading Forex, stocks etc
« Reply #13 on: May 21, 2020, 04:36:31 AM »

I'm not looking to compete with anyone.  I just want to get mine and get out. The best method kepap mentioned is find a good company, invest, and hold.  Great companies can weather the storms and go up again. A lot of REIT stocks are at the lowest and when places open up and people begin shopping then the REIT stocks will go up. That's the kind of thing to do. For example, I buy $100,000 of low priced $50 stocks, that would be 2000 shares. 15 months from now the price of the stock goes up to $100.  I would have doubled my investment to $200,000. That's not counting the dividends that come.

What's the fun in that?  I want to make money quicker.  I want to be doing something. I tried one strategy of working around dividend stocks, hasn't been working as well as I like.  These 2 days I have just been watching the market and looking up tons of shares. I'm just trying to find a strategy I can use.  Anyone have ideas?  Just share it, they'll probably be better than mine.\
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malfeasance

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Re: Trading Forex, stocks etc
« Reply #14 on: May 21, 2020, 05:17:31 AM »

Just buy index funds and hold.   It beats all of these other strategies for the long term

That's what I used to think.  I kept my IRA in an index fund for 5 years.  Then one day I decided to trade it in and buy one stock.  The price of that stock went up over $1.  I sold it and made much more than having kept it in an index fund.  I accidentally bought more stocks than in my account, I've been suspended of trading for 90 days on that particular account. Lot of times it's a matter of luck.

Note I said long term.  That takes luck out of it.   

Nobody has demonstrated an ability to beat index funds in the same market consistently over time after accounting for expenses.  That is just a fact.   No opinion.
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malfeasance

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Re: Trading Forex, stocks etc
« Reply #15 on: May 21, 2020, 05:20:15 AM »

I'm not looking to compete with anyone.  I just want to get mine and get out. The best method kepap mentioned is find a good company, invest, and hold.  Great companies can weather the storms and go up again. A lot of REIT stocks are at the lowest and when places open up and people begin shopping then the REIT stocks will go up. That's the kind of thing to do. For example, I buy $100,000 of low priced $50 stocks, that would be 2000 shares. 15 months from now the price of the stock goes up to $100.  I would have doubled my investment to $200,000. That's not counting the dividends that come.

What's the fun in that?  I want to make money quicker.  I want to be doing something. I tried one strategy of working around dividend stocks, hasn't been working as well as I like.  These 2 days I have just been watching the market and looking up tons of shares. I'm just trying to find a strategy I can use.  Anyone have ideas?  Just share it, they'll probably be better than mine.\

LOL at doubling money every 15 months
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Rom4in

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Re: Trading Forex, stocks etc
« Reply #16 on: May 21, 2020, 05:21:59 AM »

I do currencies, gold and crypto, haven?t done indices... best is if you get tip from the inside company to know what really going on.

Or you create the chaos if you hold many cards like actually with the virus
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TheHeMan

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Re: Trading Forex, stocks etc
« Reply #17 on: May 21, 2020, 06:10:09 AM »

LOL at doubling money every 15 months

Not every 15 months. Just this one particular period because the REIT stocks have fallen.
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malfeasance

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Re: Trading Forex, stocks etc
« Reply #18 on: May 21, 2020, 06:13:17 AM »

My crystal ball is cloudy.

Market timers need to keep better records of all of their trades, good and bad, and trading costs, including taxes.

Then we can talk about exactly how brilliant market timing is.


Thankfully the work has already been done, and the results are clear.

Everybody thinks they are special, though, and this time is different.

You aren?t and it isn?t
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TheHeMan

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Re: Trading Forex, stocks etc
« Reply #19 on: May 21, 2020, 03:05:04 PM »

This is the strategy I'm employing, look up stocks that were the biggest losers, pick one of them, hold just until it goes up, and sell. 
I put in a order for one. This stock fell by 20.4%, from $26.12 to $20.79.  The reason for the fall was because they announced Proposed Convertible Senior Notes Offering, I don't know wtf that is but I looked up other stocks that did the similar thing.  On the day of the announcement all those stocks went down and most of them came up a bit the next day.  Plus with this stock, it went up 3.85% or $0.80 during after hours.  I see it as a signal of it going up.

Wish me good luck.  I'm putting good amount of money in it. I put in an order for 3,902 shares.
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TheHeMan

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Re: Trading Forex, stocks etc
« Reply #20 on: May 22, 2020, 07:15:41 AM »

This stock didn't at all well as I was expecting. One of the reasons was the market as whole went down.
I had put in the order last night at market rate, $21.35 what I got the stock for.  It went up a few points then it went down.  It remained lower than my purchase price the whole day until the end.  At the end of the market day the price was $21.42 and seconds later in the after hours it went up to $21.45.  I'm up $.10/share that's $390.20. I'm up $390 in one day and I think failure. I was hoping for over $8,000.

I'm not officially day trading, I'm thinking of myself as an opportunity trader. Day trader does not keep a stock longer than the trading day.  I'm going to hold on to this stock for tomorrow as well.  If I see a big enough rise, I'll sell.

I'm learning and hoping to fine tune this skill as much as possible.  Few things I learned:
1. When a big press release comes out, most of the time the biggest price drop or gain is going to happen post market. This leads to #2.
2. Don't buy a stock at opening at market rate.  Either limit purchase price to a price lower than the closing day price or wait to purchase it the next day when the initial price drop happens. This isn't 100% perfect but I have been bad at timing @ 25%.   buy a stock in the morning, then right away it drops.  Applying this strategy will improve my timing by 25% then I'll be at 50%.

We'll see what tomorrow brings.
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TheHeMan

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Re: Trading Forex, stocks etc
« Reply #21 on: May 23, 2020, 01:46:10 PM »

I sold this stock in the morning. I saw it going up, I might as well get it if it's a good amount. I sold it at 22.20, then right away it went up to 20.23 but from there it stayed $.20 lower than my selling price for several hours. In the mid afternoon it started it's rise again and ended the day at $22.73. That's about $2,000 I lost out on.  Oh well, at least I came out with a gain of $5,384.76.

With stocks one can never know which way they're going to go. Getting out while the getting is good is a good plan because you're leaving with no losses.  One thing I learned that I could have done since I believe this stock has potential of going up was to have bought it again when the price was lower.
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malfeasance

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Re: Trading Forex, stocks etc
« Reply #22 on: May 24, 2020, 12:27:05 AM »

What stock, and what was your purchase price, and why did you select that particular stock?
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TheHeMan

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Re: Trading Forex, stocks etc
« Reply #23 on: May 24, 2020, 02:23:52 AM »

What stock, and what was your purchase price, and why did you select that particular stock?
From my previous post:
This is the strategy I'm employing, look up stocks that were the biggest losers, pick one of them, hold just until it goes up, and sell.
I put in a order for one. This stock fell by 20.4%, from $26.12 to $20.79.
From previous post:
I had put in the order last night at market rate, $21.35 what I got the stock for.

It was CryoPort Inc (CYRX).
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Redis

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Re: Trading Forex, stocks etc
« Reply #24 on: May 24, 2020, 03:07:20 AM »

I?ve thought about trading commodities with a small amount of money. I have more reading to do.
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Rom4in

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Re: Trading Forex, stocks etc
« Reply #25 on: May 24, 2020, 06:07:00 PM »

I?ve thought about trading commodities with a small amount of money. I have more reading to do.

If you trade gold you will be smoked quick with small capital

Try bitcoin. Government is not on it it?s easier and it make boom soon
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