Corn corn corn corn corn.
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Corn corn corn corn corn.
LOL...............have you bought any of that corn yet?Originally Posted by Dr. Dave
Man, I"m way too scared to trade futures... me no likey margin. In fact, I'm finding I don't like my whole account in positions. I'm basically trying to keep 1/2 my accounts cash at all times. Takes some discipline, especially when you think you find good pics. I think its more important for the big boards though - since the majority of stocks move in the same direction, going all in can make you really wrong. Pennies are more random, so its ok to go in with more... but I'm trying to hold back.
I did find this video funny though, sounds like I'm a perfect candidate for what he is saying not to do:
http://ultimateswingtrader.com/blog/
FOREX here I come!!!
p.s. I do like corn though. Good excuse for butter and salt.
I just love that FOREX commercial on T.V.. "Just get a practice account and then when you are ready, you can just start doing the real thing...with currencies all over the world....24 hours a day...5 days a week."
They make it sound so simple.
I would never trade futures or commodities. I don't even short or have a margin account.
I have enough trouble on the uptrend side of a stock.
Dave, are you into your San Diego Chargers?
What other teams do other people on here like?
That makes my head spin. I love it!
I've never related to pro sports all that much - mostly college and amateur. I usually just watch the schools I went to.
Thats funny LOL!!!
Yeah, been hearing that commodities are a safe bet right now, gold, oil, corn, you name it. One analyst stated its to difficult to actually pick a stock based on a commodity. Easier to just buy the commodity.
OWVI- came up on the radar. http://www.1worldventures.net/Investors.php
Not sure if anyone else has posted it here or not, thought I would just in case.
Like QASP, little bits of info and news are coming out, I am going to watch this one. I am going to go hunting for IPO's, not the greatest time to release an IPO but if something good comes up I will throw it down here.
Later!!!
Ask the broker to make sure I'm correct, but one of the benefits of a margin account is that I don't have to wait for my stocks to clear settlements before making the next trade - I always stay below the margin level, only trade how much cash I have on hand, but say you had 3 stocks, wanted to switch out of one to another, and was in a hurry to get into the new one. You can go ahead and buy the new one, and I don't think that free-ride message pops up, because you technically have the margin to buy it. I haven't been charged a margin fee yet. Though, the amount of credit you get may not apply to pennies. They show your actual cash balance on its own, vs. what they call buying power - which is cash and margin combined, so you can't really screw up.
One handy thing I have been thinking of when you are long is to just buy a put on your stocks that are superlong (provided you can) the day of earnings and sell it the day after - that way, if your stock takes a dump, you can have it such that you reduce the sting, and if your plan was going to be ultralong no matter what the earnings were, you wouldn't have to sell any of your stock if you were unsure of how the particular quarterly report was going to be and deal with the taxes on those and the whipsaw. So if the price didn't change, its mostly no harm no foul, out of a couple of bucks on commission, if it did go up as expected, you'd lose some on your put, but you didn't have to deal with trading the portion of your stock you didn't want to deal with, if it tanks - like OCNF did, then you could still hold it at these low prices, not deal with whipsaw, but would have covered part of the sting. I think this isn't such a bad plan for stocks that you may be really long in that tend to gap on earnings, like priceline and amazon. But to buy the put, you'd need a margin account too - why, I have no idea... it's only selling puts to open where you'd need a whole lotta collateral.
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