Any day traders here?

I'm not a daytrader, but I do manage my own IRAs and ESA. I'm hoping for a market correction that sends the Dow average back to 9,000. :D
 
I know what your saying. I'm very well positioned to make money regardless of what the market does. If it goes up I make a killing, if it goes down I make a killing. :D Just as long as it's moving :D
 
southernknives said:
I know what your saying. I'm very well positioned to make money regardless of what the market does. If it goes up I make a killing, if it goes down I make a killing. :D Just as long as it's moving :D
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I've driven cars at about three times the maximum posted speed anywhere in the U.S. But nothing compares to the rush of trading.
 
southernknives said:
I know what your saying. I'm very well positioned to make money regardless of what the market does. If it goes up I make a killing, if it goes down I make a killing. :D Just as long as it's moving :D
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So... is there a way to explain how it is possible to do that in simplistic terms?
 
I own blue chip dividend paying stocks. They pay out dividends whether the market goes up or down. If it goes up, I sit tight; if it goes down, I buy more stock. Make money no matter what the market does as dividends flow no matter what.

Triton said:
So... is there a way to explain how it is possible to do that in simplistic terms?
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Locutus D'Borg said:
I own blue chip dividend paying stocks. They pay out dividends whether the market goes up or down. If it goes up, I sit tight; if it goes down, I buy more stock. Make money no matter what the market does as dividends flow no matter what.
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Makes sense.
 
There are several ways. You could also buy ETF's like FAS and FAZ. When the market goes up, FAS will usually go up. When the market goes down FAZ goes up. I'm definitely not suggesting anyone do this.
 
Yeah, as predicted. Don't worry one bit, we will raise the debt ceiling and everyone knows it. It is a way for people in the market to make more money though. I COULD have made 36k today. Not saying I did, just...laughing all the way to the bank.;)

Minus broker fees. That 10.00 a trade can kill ya.:)
 
I need to diversify a bit more. At this point Gold and Silver are scary investments since Warren Buffet bought several silver mines across the globe. So, what is in your eyes a good diversification?
 
RevDevil said:
I need to diversify a bit more. At this point Gold and Silver are scary investments since Warren Buffet bought several silver mines across the globe. So, what is in your eyes a good diversification?
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I wish I could, but I can't offer any financial advice. I would just be setting myself up for a legal disaster. I can however offer the advice of seeking out a financial planner/advisor. But bear in mind, you most likely care more about your money than they do.
 
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Bob W said:
I'm not a daytrader, but I do manage my own IRAs and ESA. I'm hoping for a market correction that sends the Dow average back to 9,000. :D
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+1 :D

Greenspan-put.png


Dean Martin - I'm Forever Blowing Bubbles

[video=youtube;c-Mm8GMXNXg]http://www.youtube.com/watch?v=c-Mm8GMXNXg[/video]

:D:D:D
 
southernknives said:
I wish I could, but I can't offer any financial advice. I would just be setting myself up for a legal disaster. I can however offer the advice of seeking out a financial planner/advisor. But bear in mind, you most likely care more about your money than they do.
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You misunderstood. I'm not asking you for financial advice. That would be among other things, pretty ridiculous. You started the discussion, maybe by mistake? I have access to financial planner penny pinchers already.
 
RevDevil said:
I need to diversify a bit more. At this point Gold and Silver are scary investments since Warren Buffet bought several silver mines across the globe. So, what is in your eyes a good diversification?
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No problem. I just took your last sentence as a question to me. :)
 
southernknives said:
I've driven cars at about three times the maximum posted speed anywhere in the U.S. But nothing compares to the rush of trading.
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Yep. I knew of former acquaintance who basically sounded the same way. For almost three years it was "I make money whether it goes up or down" and the ole' "I can't lose". Well, apparently that just is not true. In his case he sadly blew the back of his head out and off onto the back wall of the SW corner of his beautiful home at the young age of 39. Because he made apparently an unwise financial decision. Just saying. Be careful.

He was awfully smart business wise and with people skills I had never seen before with the homes and toys to prove it. Not trying to be a bummer but when you/I read a thread titled this and see what you and the other fella are saying......and knowing how I was touched by his life and his death.....it just gives me and others I hope a "moment of pause" before putting all your apples into that type of basket. Good luck.
 
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MrPocketsOfSteel said:
Yep. I knew of former acquaintance who basically sounded the same way. For almost three years it was "I make money whether it goes up or down" and the ole' "I can't lose". Well, apparently that just is not true. In his case he sadly blew the back of his head out and off onto the back wall of the SW corner of his beautiful home at the young age of 39. Because he made apparently an unwise financial decision. Just saying. Be careful.

He was awfully smart business wise and with people skills I had never seen before with the homes and toys to prove it. Not trying to be a bummer but when you/I read a thread titled this and see what you and the other fella are saying......and knowing how I was touched by his life and his death.....it just gives me and others I hope a "moment of pause" before putting all your apples into that type of basket. Good luck.
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Sorry to hear about the loss of your acquaintance. I know how the market is, I keep my stress minimal, because I never have invested more than 10% of my net worth. If I loose it all, It sucks, but I will be fine. I appreciate your concern, I too know of guy who blew his brains out after losing north of 500 million of other peoples money. He went in his office, threw back a few shots of scotch and pulled the trigger. Don't worry, I'm only investing my money, and only 10%.
 
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