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Old 03-16-2012, 01:52 PM
 
400 posts, read 422,200 times
Reputation: 182
I hear you, it's very tempting. $7K in three days. Better then Vegas but if things went south, you would have $13K in your account now.
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Old 03-16-2012, 01:58 PM
 
Location: Wherever women are
19,023 posts, read 13,618,116 times
Reputation: 11309
I hate this kind of mentality. You will lose money and rightly so. Just remember - wall street always makes money and covers losses using new money. I have seen a million imbeciles who thought they could put money and quickly get out with a profit.

You will do no research. No effort whatsoever.

You need some magical tickers that will inflate 30% by some merry go round logic. But instead, you will pump 20K and 48 hours later Greek-Spanish government bond yields will go through the roof. In the chaos, DOW will drop 300 and you will be scared to sell with a loss.

Last edited by Currency Pair Crocodile; 03-16-2012 at 02:07 PM..
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Old 03-16-2012, 02:04 PM
 
2,821 posts, read 2,321,518 times
Reputation: 1977
Quote:
Originally Posted by Marie1249 View Post
Yes, I know you can lose a lot. However, I have a high tolerance for risk and spent years daytrading and did quite well.
If you spent years daytrading and did quite well, then what are you doing asking this question on this forum? It would seem to me that should already know the answers to your question.
Get back to daytrading, and please do keep us posted on how you're doing.
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Old 03-16-2012, 02:10 PM
 
Location: Wherever women are
19,023 posts, read 13,618,116 times
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Quote:
Originally Posted by Marie1249 View Post
Yes, I know you can lose a lot. However, I have a high tolerance for risk and spent years daytrading and did quite well.
A former daytrader will not ask such questions in the first place.

Once a daytrader always a daytrader.

You will know how to construct a spread with Apple calls and puts and will have made money in the 10 hours this thread was open.
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Old 03-16-2012, 02:28 PM
 
3,735 posts, read 2,224,130 times
Reputation: 4145
Quote:
Originally Posted by Currency Pair Crocodile View Post
I hate this kind of mentality. You will lose money and rightly so. Just remember - wall street always makes money and covers losses using new money. I have seen a million imbeciles who thought they could put money and quickly get out with a profit.

You will do no research. No effort whatsoever.

You need some magical tickers that will inflate 30% by some merry go round logic. But instead, you will pump 20K and 48 hours later Greek-Spanish government bond yields will go through the roof. In the chaos, DOW will drop 300 and you will be scared to sell with a loss.
I understand all the arguments against this. And I agree with them. But I'm not trying to get rich quick.

I have plenty in long term products that are invested at low to moderate risk, so I'm okay.

I can afford to leave the 20K in for a long time, if there's a downturn. I don't need this money right now. I was just flirting with the idea of being more aggressive with it to see if I could ride on the coattails of this current rally and then put the profit into a less risky investment in a few months. Just wanted to boost my earnings a bit.
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Old 03-16-2012, 02:30 PM
 
3,735 posts, read 2,224,130 times
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Quote:
Originally Posted by Currency Pair Crocodile View Post
You will know how to construct a spread with Apple calls and puts and will have made money in the 10 hours this thread was open.
I don't have the time for that anymore. In those days I was a housewife and had plenty of time to sit in front of my computer all day doing research and working out strategies. Now I have a full-time job.
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Old 03-16-2012, 02:31 PM
 
18,715 posts, read 6,889,798 times
Reputation: 7928
Energy.
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Old 03-16-2012, 02:42 PM
 
Location: Wherever women are
19,023 posts, read 13,618,116 times
Reputation: 11309
Quote:
Originally Posted by Marie1249 View Post
I understand all the arguments against this. And I agree with them. But I'm not trying to get rich quick.

I have plenty in long term products that are invested at low to moderate risk, so I'm okay.

I can afford to leave the 20K in for a long time, if there's a downturn. I don't need this money right now. I was just flirting with the idea of being more aggressive with it to see if I could ride on the coattails of this current rally and then put the profit into a less risky investment in a few months. Just wanted to boost my earnings a bit.
You're talking aggressive now?

Would you care if the 20K is wiped out in seconds? Actually, given my current investment spreads, I won't care if 20K is gone in a heartbeat. I'm currently long and short on a handful of pairs.

I won't give you tickers, coz I don't want to be sued.

Look at the rare earth sector for a very aggressive investment sector. Industry is heading rock bottom and the US and EU are waging a secret war on Chinese monopoly. They moved the WTO a couple days ago and it's heating up. In all these rock bottom days I have accumulated north of 10K shares on every ticker, though I haven't bought any stock in the last month, and the REE sector is still trending down.

Otherwise, throw it on Apple and ride the iPad sentiment.

But please, don't ask for investment advice. You shouldn't even take mine.
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Old 03-16-2012, 02:47 PM
 
Location: Wherever women are
19,023 posts, read 13,618,116 times
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I forgot crude futures. Right now, with Eurozone stabilizing in the view of American elections, crude futures are a sure winning bet.

Don't forget to hedge.

But nobody is short on oil these days. The reaction is unanimous for obvious reasons. This article provides some safety quotient. You may get away with a profit. Don't waste time. Again, you should not take my advice at face value.

Shorting crude oil will be unwise: Barclays Capital | www.commodityonline.com | 3
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Old 03-16-2012, 02:47 PM
 
3,735 posts, read 2,224,130 times
Reputation: 4145
Quote:
Originally Posted by Currency Pair Crocodile View Post
Otherwise, throw it on Apple and ride the iPad sentiment.
But please, don't ask for investment advice. You shouldn't even take mine.
Croc,
Why all the hostility? I thought this was a discussion? I haven't even done anything yet. I'm just thinking about it... Geez!
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