I liked that jump in silver today after the CFTC warning.
Yeah im like 90% cash right now because I have been looking for other cars to buy and maybe sell as well as maybe another house. Glad I missed this one lol.
im riding this shit out, the two main companies im invested in (ford and metallico) are strong companies that i believe in and am very confident they will be around for a long time, they both took a big dip and they also have big gains, but they both have been steadily improving with good P/E ratios and profit reports, im long long long
Look into selling covered calls if you’re in stocks for the long term.
I’ve said this before…options are CRUCIAL to getting optimal gains out of the market. Your shares are like a rental property, and options are the means to collect rent. If you have un-rented property you may realize appreciation of the asset but you can’t build rapid equity which lowers your cost basis. Rent on property lowers your purchase price, even when the price of the asset drops. Options allow you to do this exact same thing on your stocks.
Im not sure how to approach this options thing, I do not really understand it, im gonna do some research ASAP, i go through trade king which is only 4$ a trade, and 4$ an option, which ive never looked into except now
I just shared a chart setup on my site/blog, or more a way to read candles and volume that I’ve only shared with 5 people prior. Some of you may have this in your tool belt, though I don’t think most know how to read the true “tape” as it were.
Check it out. 
BAM says the DOW. HUGE gap up, opening just above where the computer “glitch” took her down.
computer glitch is going to end up being hackers
I don’t think so. I think it was intentional myself. Not much happens in the markets that isn’t intended to happen. Perhaps they mis-gauged the fallout from stop market orders and margin calls, perhaps not.
I’m ready for the “wow strong tin foil” or whatever I get labeled.
It was 100% intentional like every thing that happens but people think I wear a tinfoil hat anyway. lol
The billionaires skim their money a penny at a time from millions of people that think they can beat the house, I mean market.
What will happen with cap and trade tomorrow?
I bought AIB LYG and ING on the crash so I’m loving it. Also UGA because gas prices are not coming down while we keep dumping oil in the gulf.
Any thoughts on using the VIX and high premiums to sell puts fellas? I’m looking at the SPY July $105’s netting $5 per share premium. I see congruent fib support at $102 which could hold, or maybe even roll down the contracts if need be worst case. This will be in my IRA so it’s a long term account…and even if forced to buy I could knock $5 off my cost basis right off the bat.
Please no sky is falling comments.
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VIX may recoil some off that trendline. Still has that range breakout going for it though. This is why I hesitate to go long, even long term. Volatility tends to show bear tendencies. Decisions…decisions.
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FAS anybody? BIG level it’s at here.
What exactly defines money? What defines credit? Is the US Dollar money or credit?
The original concept of money was…a portable item or object used to store underlying intrinsic value. This “money” is then used to facilitate payment or exchange.
Credit is also a method of value storage and payment, but unlike money, credit is backed by a debt and carries no intrinsic value. Credit would then be best described as “perceived value”.
Our US Dollar was birthed via bonds which are simply a debt where we promised to pay the holder back WITH INTEREST in the very US dollars that the debt created. We have a SERIOUS problem!!! Our currency is not “money” it’s CREDIT! How can a debt be paid back with the product of itself??? How do you pay interest on something that doesn’t exist in the first place??? Easy, create more bonds…more debt. So without additional new debt and higher perceived values our currency and economy will DEFAULT!
Think about that. Remove your blinders and REALLY THINK ABOUT THAT! Can I spell it out any better? We are a snake eating it’s own tail…cannibals…parasites feeding off one another (and other countries).
For the record…I am not a US Dollar hater. Honestly I think it’s the most amazing fleece job EVER, in all of history. The medical and technological developments alone that came from our IOU’s have bettered the world a million times over. I think it’s produced absolute brilliance, but it’s time to let the cat out of the bag.
What next? A new currency? I can only hope a new currency is implemented so I may use and apply my knowledge BEFORE it’s inflated all to hell and as used up as a $10 hooker. LMAO
i did a little extra trading of my own during the terrible week, sold all i had monday, bought again friday with the same amount of cash and an extra 600 shares =D
Don’t forget to account for fees and the fact that unless you held 366 days or longer you’ll be taxed on any gains at your current tax bracket instead of the 15% which you get on long term investment profits. I dunno how long you were holding so maybe this was a long term position and you already know about the tax implications?
its considered a long term investment (or more than a year), on the books i make about 16 grand, so hopefully im guessing tax stuff wont be too bad? my new salary doesnt kick in until january assuming i graduate in decemeber (fingers crossed!)
I see redundant support though price hasn’t contracted enough to make me overly comfortable. And the volatility spike has me a bit leery of the bulls overall sentiment. HRMMM decisions decisions.
http://www.tradersbase.com/forum/market-index-chatterbox/371-index-chatter-54.html#post7378
New chart and comments on current range/level the markets are in.
It is time to start investing…
The government hired aboot 390,000 people last month, Obama says this is a sign of the economy improving.
I want my Obama rant thread back. 
LMAO. For awhile increased go-mint jobs might work. How do go-mint workers get raises and promotions without taxes going up though? LOL
I’ve called the US economy a snake eating it’s own tail…and I stick to that long term. Mid/short term though they could further dilute/bailout/stimulate to have the market and thereby the economy say what they want. Remember, the markets lead the economy traditionally.
I’m seeing a lot of discussion on here that I don’t really understand the terminology of. I don’t have too much excess income, but I’m still young so I figure now is as good a time as ever to get started.
So basically, anyone have a good site for me to leech some basic market and trading knowledge off of? I like to make myself as well informed as possible on a subject before I put any money into it.