Should mgrunin start a trading thread ?

Should mgrunin start a trading thread ?

  • Yes

    Votes: 42 61.8%

  • No

    Votes: 7 10.3%

  • making it up, needs attention, fuck you, you're gay

    Votes: 19 27.9%
  • Total voters
    68
cardine said:
I've always had interest in developing a real automated trading system, but everything out there right now is garbage since they rely on technical indicators.
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Without getting too 'philosophical' everything are indicators, even charts/candles are indicators. What most people dont comprehend is that technical indicators work exactly as they should yet most dont understand HOW they work and for what purposes. Another aspect is that every 'indicator' has a flaw, but of course if one dont understand its true purpose then how can they identify its flaws?

With the right indicators (and understanding behind them) one can build robust systems, be them manual or algorithmic.
 


-joe- said:
I can't see too many negatives to it for him, other than his time. If anything, it'd work as a small pump and dump, since he buys the options, and everyone else pushes up the value, creating false demand, and pushing the main stock up. He then sells before everyone else.
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29196452.jpg
 
BIG move on PCLN today after earnings release ~ 10% move.

If I wasn't waist deep in flood waters right now I would have played it. Once again, a big winning straddle call from my end. This would have been an easy 200-300% ROI move.
 
mGrunin said:
BIG move on PCLN today after earnings release ~ 10% move.

If I wasn't waist deep in flood waters right now I would have played it. Once again, a big winning straddle call from my end. This would have been an easy 200-300% ROI move.
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I bought 1 call and 1 put contract (each was ~$2k+)
wasn't sure what to go for so I have Nov 16th 590 call and 570 put.
The call contract should be worth at least 6k I guess (bought when PCLN was at exactly 580 today btw).

3 straddle suggestions and 3 times you were right, not bad!
 
Firstly, I should say, it wasn't me who bumped this thread, it was the poll.

johnmatrix said:
I attempted some basic stock day trading using $20k, no options or anything like that. The biggest problem I have found is the Australian market is pretty quiet, it's hard to find stocks that are volatile enough to take advantage of. I searched for stocks that were less than 50c, a lot of them just sit there all day with no trades going on. The more expensive stocks that are constantly traded don't have enough movement to make a profit.
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Personally, I'd not try and constantly be investing in stocks. What I've found (simply from advising my dad when to buy/when to sell [which has mostly been ignored, at his loss], I haven't been able to open a trading account until the past year due to age) is that picking 3-4 stocks for short term investments (2-3 weeks) can be much more profitable than trying to constantly pick stocks. For example (ones I've picked, I'll leave out the bad ones, but I think there are only 2, and they lost about a percent each)

BP (Oil spill)
RBS (Banking Crisis)
Thomas Cook (Near Bankruptcy, watched with caution)
Bitcoin (at $1, would've sold at $20)
That scammy nutrient company that was posted on here the other week, meant to watch and invest, but totally slipped my mind.
 
to be clear, investing is predicting future trends & trading is predicting future events. whenever somebody tells you they can predict future events, no matter whether you're at a carnival tent, calling into a dione warwick 900 number, or watching some dipshit psychic show on tv, you're being conned.

trading is a joke. period.
 
drave said:
to be clear, investing is predicting future trends & trading is predicting future events. whenever somebody tells you they can predict future events, no matter whether you're at a carnival tent, calling into a dione warwick 900 number, or watching some dipshit psychic show on tv, you're being conned.

trading is a joke. period.
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DERPDERPDERPDERPDERPDERPDERP
 
drave said:
to be clear, investing is predicting future trends & trading is predicting future events. whenever somebody tells you they can predict future events, no matter whether you're at a carnival tent, calling into a dione warwick 900 number, or watching some dipshit psychic show on tv, you're being conned.

trading is a joke. period.
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Very narrow minded. True in the respect that most people that trade do not make money, but the few that do, they do very well. There is never a reason to sit there and predict events, when you can just as easily wait for the event to occur, and ride the trend.

Lastly, options give you a lot of versatile when it comes to your trading strategy. Nowadays I do not need to predict whether a stock will head up or down, all I need to figure out is by how much in either direction, and guess what, it is very possible to figure that out with the amount of technicals out there. As it stands right now, I make money on 4 out of the 5 directions a stock can take. I'll take my odds.
 
drave said:
to be clear, investing is predicting future trends & trading is predicting future events. whenever somebody tells you they can predict future events, no matter whether you're at a carnival tent, calling into a dione warwick 900 number, or watching some dipshit psychic show on tv, you're being conned.

trading is a joke. period.
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So no one is able to consistently make money off stocks via trading/investing in the stock market? I still would like to know why you're so anti-stock market. You could pm me if you prefer not to divulge publicly. I just find it odd the level of disdain you have for trading.
 
mx=headroom said:
So no one is able to consistently make money off stocks via trading/investing in the stock market? I still would like to know why you're so anti-stock market. You could pm me if you prefer not to divulge publicly. I just find it odd the level of disdain you have for trading.
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He has expressed that level of opinion in multiple threads already. Must of lost a shit ton?
 
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