Stock trading ? Any professionals out there :P? Anyone have consistent results?

pickupartist

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Jul 31, 2012
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I did have some good trades in the day and I made tons of stock portfolios with the help of
www.stockfetcher.com (it makes queries, rather intuitive for computer programmers)

Do you guys just "buy low and sell high" or does anyone day trade with success?

 

danibbler

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Feb 2, 2002
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Thanks for the link. I think that it's very hard now to actually daytrade with real profits.

I'm more of a buy and hold guy.
 

Fun_Guy

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Dec 16, 2005
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Thanks for the link. I think that it's very hard now to actually daytrade with real profits.

I'm more of a buy and hold guy.
Buy and Hold is an outdated strategy and doesn't work when the volatility is high as has been the past few years. Imagine applying the buy and hold principle to RIMM or Nortel or any of the stocks during the tech bubble of the early 2000s. CISCO was over $60 in 2000 and in the teens today. Short term trades is the way to go to make money in the current markets, IMHO. Lots of money to be made in options trading as well when the volatility is high.

Suggest you watch Jim Cramer's Mad Money show which is one at 6 pm on CNBC. He is bit of a nut and may not always get things right but I find his shows very information and a learning opportunity.
 

msog87

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Dec 11, 2011
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Thanks for the link. I think that it's very hard now to actually daytrade with real profits.

I'm more of a buy and hold guy.
buy and hold is dead. for those of you who like the trade, I prefer swing trading. its pretty easy RSI is my favourite tool. find out where the bull market is,and learn about RSI...ull do pretty well
 

danibbler

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Buy and Hold is an outdated strategy and doesn't work when the volatility is high as has been the past few years. Imagine applying the buy and hold principle to RIMM or Nortel or any of the stocks during the tech bubble of the early 2000s. CISCO was over $60 in 2000 and in the teens today. Short term trades is the way to go to make money in the current markets, IMHO. Lots of money to be made in options trading as well when the volatility is high.
Actually, the OP was talking about daytrading which has really fallen out of favor now because you just don't make much money at it.

Options trading is extremely dangerous...it's a zero sum game, for every winner there's a loser.

And, I've been investing in the market for over 20+ years now and I know all the mistakes because I've made most of them. But, my best investment in terms of buy and hold has gone from 3 digits to 6 digits. I'll let you figure out which one that is.
 

danibbler

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Feb 2, 2002
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buy and hold is dead. for those of you who like the trade, I prefer swing trading. its pretty easy RSI is my favourite tool. find out where the bull market is,and learn about RSI...ull do pretty well
As for swing trading, yes, I am also leaning towards that view but I don't have the time to keep an eye on the markets.
 

msog87

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Dec 11, 2011
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As for swing trading, yes, I am also leaning towards that view but I don't have the time to keep an eye on the markets.
you don't have too, basically you pick a sector thats bullish, pick a good stock from that sector, when theres a sell off and a stock becomes oversold ( rsi under 30) you buy it and hold it for a few days and ride the bounce back. in a very weak market rsi can go down to 15, in a very bullish market ull be lucky to get an rsi around 40. this strategy works go on google finance and look at charts with rsi added in. there are also other indicators you can use as well like the moving averages. look up the terms "golden cross" and "death cross" very important and easy to understand. this is a much better way to trade than intraday day trading where you are in and out in a few seconds to a minutes, much less stressful.
 

danibbler

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you don't have too, basically you pick a sector thats bullish, pick a good stock from that sector, when theres a sell off and a stock becomes oversold ( rsi under 30) you buy it and hold it for a few days and ride the bounce back. in a very weak market rsi can go down to 15, in a very bullish market ull be lucky to get an rsi around 40. this strategy works go on google finance and look at charts with rsi added in. there are also other indicators you can use as well like the moving averages. look up the terms "golden cross" and "death cross" very important and easy to understand. this is a much better way to trade than intraday day trading where you are in and out in a few seconds to a minutes, much less stressful.
Hrmm...ok, will have a look at that then. Thanks.
 

alex52

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Jul 6, 2007
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how much money have each of you guys made using your systems. That is the bottom line. Rather than bullshitting about a particular stock selection approach.
I get 5% return on my dividend stocks plus what ever appreciation of the stock that may occur. That is good enough for me.
 
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msog87

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Dec 11, 2011
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how much money have each of you goes made using your systems. That is the bottom line. Rather than bullshitting about a particular stock selection approach.
I get 5% return on my dividend stocks plus what ever appreciation of the stock that may occur. That is good enough for me.
you can do both, have the best of both worlds. I have money that I don;t touch, and money I play with
 

Rockslinger

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Apr 24, 2005
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I get 5% return on my dividend stocks plus what ever appreciation of the stock that may occur. That is good enough for me.
You must be holding Canadian bank and utilities.

Now is a good time to buy the U.S. banks. they have been in the dumps for 5 years but there will always be a U.S. banking industry. Avoid airlines.
 

backrubman

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Sep 2, 2012
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Sydney, Toronto, Puerto Plata
I did have some good trades in the day and I made tons of stock portfolios with the help of
www.stockfetcher.com (it makes queries, rather intuitive for computer programmers)
Do you guys just "buy low and sell high" or does anyone day trade with success?
I guess I'm a professional as that is how I have made a very good living for the last 10 years or so. I've never had much success with stocks except as a quick dividend capture grab which might last only a few minutes in market open time.

I have to agree with the others here that say "buy and hold" is long since dead. My focus has always been on more complex options strategies, futures and forex. People often ask me for advice but any advice I would give them would be out of date 5 minutes later as that is the way you have to trade in today's markets, totally dynamic with an open mind.
 

msog87

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Dec 11, 2011
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You must be holding Canadian bank and utilities.

Now is a good time to buy the U.S. banks. they have been in the dumps for 5 years but there will always be a U.S. banking industry. Avoid airlines.
stay away from them unless its for a quick trade. there will be a banking industry in the u.s. of course but do you remember bear sterns? thats the fate of all the too big to fails in america, they are insolvent. JPM might not be, that nim unsure of, problem is we don;t know the junk on their balance sheets, or I should say just how much toxic assets. as soon as rates rise their treasury holdings and real estate holdings plus other assets will fall and then they will fail.
 

FatOne

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Nov 20, 2006
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I remember in the mid to late 90s, everyone was all about profits being dead then the tech bubble burst. No profits, no actual plan to make any, it doesn't matter, the company has a .com at the end of it. How can you lose.
I was in my mid to late 20s then but I still had enough sense and historical perspective to see through bullshit.

However it seems facepalm worthy financial thought is king on terb.
 

xo888

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Mar 24, 2012
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What's your opinion on currency trading?? I'm currently looking for a profitable forex system or trader to show me the ropes.
 
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