Well I know not to just go buy a stock, The charts just show a rthym of ups and down so I guess you buy right when it starts to go up again? Thats what the charts are for? Sorry I’m a noob, i wouldn’t just throw all my money into stocks randomly though.
Nothing wrong with being a noob. I was a noob 5 years ago and to many standards in the market I’m still a noob. LOL
Yeah, charts are good to read psychological levels as well as the ebb & flow of price…or rhythm as you called it. The key is to start small and not focus on profit at first IMO. If you hit gains awesome but it’s not till you can hit consistent NET gains that you should ramp up your risk capital. Ask questions…alot of questions. 
Copper dropping, last time that happened we had a crash. Just sayin.
You deal in materials to a great extent right? Your finger is probably on the commod pulse better than most. What is your instinct?
In deflation commodities AND stocks drop. Bonds and USD should strengthen. Bond yields tanking is a pretty big sign IMO. I touched on the bond thing oddly enough at what ended up being a double top…how’s that for advance warning when people suspect you’re nuts? LOL
http://finviz.com/futures_charts.ashx?t=HG&p=d1
WOW copper went off the cliff with silver and gold! Hadn’t looked at copper till now.
Yeah copper is used so much in industry in wires, motors, etc and construction in wiring, plumbing, HVAC, etc that when it drops it means demand is dropping. Dropping demand in those areas spells bad news for the most part as I am sure you know. Construction and manufacturing are the only things building equity in this economy for the most part.
That’s what I suspected you’d say. Not looking good for the US economy IMO. Construction as a sector is having a rough time…yearly deep in the red. Most the houses up for sale in WNY are selling though, both new builds and existing. I’m not sure what to make of that myself.?.?
Construction AND transports, both of which are leading economic indicators as far as I know are having a real tough time in this “recovery”. Odd isn’t it? 
lol fml, im going to school for HVAC!
People still need heat no matter what. I have a friend in HVAC and he is super busy.
Im not too worried, im learning basic electrical, im pretty sure i’ll be able to be a plumber too. Im actually selling my car and quiting my current job so I can just focus on school, doesn’t sound like a great idea in todays economy lol But I’ll be able to do side jobs if needed. I’m leaving my current job on good terms so IF I need to go back I should be able to.
Just dumped TVIX at EOD at 89.xx, cost basis 58. Will re-enter below 60.
Also picked up some speculative UCO at 27. I don’t buy oil staying down yet. Interest rates staying 0 for an extended period of time is going to prevent deflation. Cheap dollar = expensive oil.
http://www.bloomberg.com/video/76372300/#ooid=pnYTN2MjqOwMLnrvOmMi3mLXTGmSsUad
Really good clip. “Recessions kill inflation”. They talk of bond yields as well briefly. Sounds like the stuff I’ve been pounding the table on. 
I kinda want to open an account in scotts trade or something, anyone want to reccomend me a paticular company? Also something I should read to learn more about trading? Thanks
TICK TICK TICK
MF Global missing $700 Million bucks. They have a former GS member in the mix, should it really be shocking they are crooks? LOL
My futures account is through Infinity AT/Transact who was using MF for clearing. I got an email yesterday of the trading halt and another email today saying Infinity had no exposure to the “co-mingled” funds that went missing. PSHEWWW.
How about that Greece situation? WEEEEE. Pull out of big bank day is when again??? Hide yo kids, hide yo wife!
what do you think about RIM’s stock right now… 5 year low… below book value… surely this is at or near the floor.
Not sure. I really think they lost their edge. The only thing keeping them in the ballgame IMO is the outlay companies dropped to implement the BES server.
buy Netflix asap for some easy gains.
What are people using? /\
Interactive Brokers…lot more complicated and more of a professional platform but you can trade ANYTHING on there, and stocks are only $1 per trade unless you buy a ton of shares.
IB has the biggest shortable list I think. They also have the cheapest commish out there I believe.
IB requires $10k to open, or at least they used to. IB has been ripped for their customer service by many people I know that trade for their living.
Also their data is something you can push to almost any standard charting platform but they batch ticks. I wouldn’t daytrade with their data but for swing traders or investors its just fine.
I use Think or Swim. I’m not as happy since TD Ameriturd bought them out but what can ya do. I’m not up and moving my funds just yet…too much work and I love the platform TOS offers for free.
So I need to open an account with at least 2k in order to use think or swim, now everytime I buy or sell is there a fee? Sorry I’m reading around still.
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