Ever think someone is looking out for you.

[Expensive Date]

I have always been pretty lucky and in the right place at the right time.Always contributed it to being positive and not getting involved in stuff thats going to come back and bite me.
Today was weird though I knew there was no way the market was going to close up today to much going on that in my opinion is bad.So I am looking to short at the open have a trigger on FAZ for 18.54 market rallies on the open FAZ is dropping quick go in to change the trigger to 18.39 as I am pressing enter I lose my Internet connection (wireless). By the time I sign back on the trade executed went to 18.52 did a 180 and ran all the way to the close.Closed at 20.50 had I been able to change the trigger it would not have been bought as 18.52 was the day low.Here is the day chart.


http://finance.yahoo.com/echarts?s=...on;ohlcvalues=0;logscale=off;source=undefined

 

[Wobble]

That looks like good luck. How many shares?

 

[Expensive Date]

1k

 

[Wrinkleface]

As my favorite band sez, Ride'n the Storm out!!! Congratz!!

 

[Wobble]

1k

Cool, drinks are on you.

 

[Expensive Date]

Cool, drinks are on you.

It was in my IRA you have to wait till I am 59 1/2

 

[fund razor]

It was in my IRA you have to wait till I am 59 1/2

LOL. That's what popped in my head (that's where mine is) and then I scrolled down and you said it.
Congrats. Keep up the good karma.

 

[Sammyb713]

It was in my IRA you have to wait till I am 59 1/2

I have a ROTH IRA...How are you trading through your IRA?

I never understood the whole SHORT SELLING in stocks..

 

[Big Time]

Just curious where (what site/provider) you do your trading. Do you need a margin a/c?

 

[Expensive Date]

I have a ROTH IRA...How are you trading through your IRA?

I never understood the whole SHORT SELLING in stocks..

Depends on who you have it with I have them with UBS and Scottrade I am very happy with Scottrade.UBS is not real receptive to doing trades but they either do what I tell them or have a check ready when I get there.

You can short two ways buying the actual stock (you are really borrowing) hoping it will drop.When it does you buy to cover and get the difference.What I did yesterday was a 3x short ETF (FAZ) its a leveraged fund so it trades 3x what you put in.It for the most part bets that financials will drop.ETFs ETNs are NOT mutual funds they are trading tools and are not designed to be held in and out I very rarely hold overnight.Don't play with them till you have done this for a while

 

[Expensive Date]

Just curious where (what site/provider) you do your trading. Do you need a margin a/c?

Scottrade,I have a margin on my brokerage account but you can not margin an IRA.Thats why I had to hold was not clear to sell till today because had sold HIG on Tue that I bought Fri.

Out at 20.69 pre market:cheers2:

 

[runninhotracing]

1k

Dayum right on BIG Daddy :cheers2:



ROCK ON !!!!!!!!!!!!!!!!!!:sifone:
ITS A SKATER NATION !!!!!!!!!!!!!!!!!!!!!!!!!!

 

[Sammyb713]

What should I be doing different? I have a ROTH IRA.. ( I am 23 ) and I just give my broker $250.00 every month and then I guess he buys stocks and mutual funds...

 

[runninhotracing]

What should I be doing different? I have a ROTH IRA.. ( I am 23 ) and I just give my broker $250.00 every month and then I guess he buys stocks and mutual funds...

Open your own account BIG Daddy and Buy & trade them yourself .



ROCK ON !!!!!!!!!!!!!!!!!:sifone:
ITS A SKATER NATION !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[Big Time]

What should I be doing different? I have a ROTH IRA.. ( I am 23 ) and I just give my broker $250.00 every month and then I guess he buys stocks and mutual funds...

Dude, the fact that you are 23 and have something going already is a great start. At your age, this is a GREAT time to be coming into the market (if your intentions are long term) and I would continue on course, but what you might want to look at is re-evaluating your asset allocation (what you put your $$$ into). You are young, so I would invest aggressively, meaning put you money into funds that are more equity (stock) based than fixed income (or bond) based. I'm 29 and have about 5% in fixed income, and the rest in growth/growth and income, mid-cap/small cap, some index funds and other equity based funds. I started my plan at 22 yrs old, made good money, lost almost 1/2 of it when things got bad but have made back about 30% since the bottom (but it is important to realize that during that whole time I was buying funds that I was previously buying at higher prices...so while my a/c balance was going down, I was actually getting my investments at a lower price then I was previously paying...the idea being that eventually it will rebound and over the long run the returns will be posotive; the concept I mentioned before known as dollar cost averaging). If you can, up your contribution every year by a percent...you won't really notice it out of your paycheck, but over the long run (35+ yrs) it will make a HUGE difference, especially if you are getting a match from an employer.

 

[fund razor]

Point of order: She is not a dude.

 

[cigdaze]

That's awesome. I never get so lucky.

By the time I sign back on the trade executed went to 18.52 did a 180 and ran all the way to the close.Closed at 20.50 had I been able to change the trigger it would not have been bought as 18.52 was the day low.Here is the day chart.

 

[Big Time]

Point of order: She is not a dude.

Sorry Sammy!! :blush5:

 

[MacGyver]

Point of order: She is not a dude.

Dudette

 

[runninhotracing]

Scottrade,I have a margin on my brokerage account but you can not margin an IRA.Thats why I had to hold was not clear to sell till today because had sold HIG on Tue that I bought Fri.

Out at 20.69 pre market:cheers2:

$$$ 20.69 on FAZ ???

on my screen she opened today at $19.38 and high so far till 1.49 Central time $ 20.43 what exchange took it for 20.69 ?????
I'm trying to understand how all this stuff works :cheers2:


ROCK ON !!!!!!!!!!!!!!:sifone:
ITS A SKATER NATION !!!!!!!!!!!!!!!!!!!!!!!!