SitePoint Sponsor

User Tag List

Page 2 of 5 FirstFirst 12345 LastLast
Results 26 to 50 of 119
  1. #26
    ALT.NET - because we need it silver trophybronze trophy dhtmlgod's Avatar
    Join Date
    Jul 2001
    Location
    Scotland
    Posts
    4,836
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I'll try and start playing tonite

  2. #27
    SitePoint Zealot Luke Morton's Avatar
    Join Date
    Jul 2005
    Location
    Essex, England.
    Posts
    125
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by someonewhois
    Ah, you're Luke Morton, okay.
    lol
    Luke Morton
    UK Web Explorer| lukemorton.co.uk

  3. #28
    SitePoint Wizard silver trophy someonewhois's Avatar
    Join Date
    Jan 2002
    Location
    Canada
    Posts
    6,364
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Ooh, man. This is driving me nuts.

    I bought Nexen (oil company) today at the open (at $36.79). I try and sell at $37.20, and as soon a I place the order it jumps down to $37.02. Great. So I wait for it to go back up, and I sell at $37.30. It's now at $37.60 and rising. (I had 3,000 shares, so 30 cents is $900)

  4. #29
    SitePoint Wizard Young Twig's Avatar
    Join Date
    Dec 2003
    Location
    Albany, New York
    Posts
    1,355
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Hmmm... I thought I bought 1,337 shares of SP. Apparently not.

    Anyway, I'm at $512,203.13 today.

  5. #30
    Matthew's Daddy Mike Empuria's Avatar
    Join Date
    Oct 2004
    Location
    Box, Wiltshire
    Posts
    514
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    ?

  6. #31
    SitePoint Wizard Young Twig's Avatar
    Join Date
    Dec 2003
    Location
    Albany, New York
    Posts
    1,355
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Poop. My stocks are going way down. I was up to $513k yesterday. I'm down to $502k today. :'(

  7. #32
    SitePoint Wizard silver trophy someonewhois's Avatar
    Join Date
    Jan 2002
    Location
    Canada
    Posts
    6,364
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Yeah, I got hammered today too.

  8. #33
    SitePoint Wizard Young Twig's Avatar
    Join Date
    Dec 2003
    Location
    Albany, New York
    Posts
    1,355
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Looks like a lot of things went down today: www.nyse.com

  9. #34
    SitePoint Wizard silver trophy someonewhois's Avatar
    Join Date
    Jan 2002
    Location
    Canada
    Posts
    6,364
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Young Twig
    Looks like a lot of things went down today: www.nyse.com
    Yeah, the general American Economy seems to have dipped.

  10. #35
    SitePoint Guru Marubozo's Avatar
    Join Date
    Mar 2005
    Location
    Near South Bend, Indiana
    Posts
    657
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    If I were you guys, I would be far less concerned with the day-to-day movements of your stocks, and plan on buying a stock to hold onto for a month or more. The short-term concerns you will see everyday will wear on you, and you will end up churning your account to the point you will never see a profit because you freak out every little negative move, and commissions will start to build up

    And generally, even though this is just a fun game, one single stock shouldn't make up more than 20% of your portfolio. While if you lump most of your money in one or two stocks, you can see the most gains, at the same time, one wrong decision and your money is gone quicker than you can blink an eye.

    You should look at selecting a handful of stocks (10-15) or so across different industries. For instance, if you pick all technology stocks, generally speaking, if the tech market is down, most of your stocks will be down, and vice versa. But on the other hand, if you own some oil stocks, tech stocks, manufacturing stocks, and biotech stocks, even if the overall market is down, one or more of these sectors is likely to be up, thus reducing your losses, or maybe even providing some gains.

    So, take the time to make sure you are invested in at least 3 different industries, and select at minium 5 or 6 companies. That way you will be less affected by general market flucutations, or particular industry moves, and over time should prove to be more profitable.
    Generation X Finance
    Helping a Unique Generation Achieve Financial Independence

    Financial Planning writer at About.com

  11. #36
    SitePoint Wizard silver trophy someonewhois's Avatar
    Join Date
    Jan 2002
    Location
    Canada
    Posts
    6,364
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I'm daytrading some tech stocks (like Google, who seem to jump $5 back and fourth), as well as long term (like energy stocks).

  12. #37
    SitePoint Wizard Young Twig's Avatar
    Join Date
    Dec 2003
    Location
    Albany, New York
    Posts
    1,355
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Heh... I haven't even checked into what these companies are, actually. I just type cool things in the quote box and look at the charts. That's why I invest in ASD, OMG, and SP.

  13. #38
    SitePoint Zealot Luke Morton's Avatar
    Join Date
    Jul 2005
    Location
    Essex, England.
    Posts
    125
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I wanted to put stocks in Tiny
    Luke Morton
    UK Web Explorer| lukemorton.co.uk

  14. #39
    chicks can draw! Cookiebox's Avatar
    Join Date
    Jul 2004
    Location
    toronto
    Posts
    51
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    You really are a renaissance man aren't you, Marubozo?


    The closest I've come to playing stocks is trying to earn a few cents by transfering between currencies on paypal. i lost 20 cents
    [cookiebox is selling template logos @ template section! ]
    www.cookiebox.co.nr < new.

  15. #40
    SitePoint Wizard Young Twig's Avatar
    Join Date
    Dec 2003
    Location
    Albany, New York
    Posts
    1,355
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Cookiebox
    You really are a renaissance man aren't you, Marubozo?


    The closest I've come to playing stocks is trying to earn a few cents by transfering between currencies on paypal. i lost 20 cents


    Quote Originally Posted by Luke Morton
    I wanted to put stocks in Tiny
    I really wanted to buy some PP, but it doesn't look too profitable.

  16. #41
    SitePoint Guru Marubozo's Avatar
    Join Date
    Mar 2005
    Location
    Near South Bend, Indiana
    Posts
    657
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Cookiebox
    You really are a renaissance man aren't you, Marubozo?
    Well, I do have quite an assortment of skills

    But I have done the daytrading thing, did it for a few years. It was very exciting, yet very stressful at the same time. Some weeks, I would be up 50, 60, or 75%, racking up thousands in profit. Then the next week, even with the same strategy, I would lose just as much money. Things come in streaks, and while you can get lucky and seem on top of the world, it never lasts. Some people can keep it up, but they are the ones who monitor the markets and financial news 24/7. They are never away from their trading desk, and can sense the most subtle move in the market. Your average person can't devote that kind of time and attention to detail to remain successful.

    Thus, by diversifying your holdings a bit, and not worrying so much on the short-term plays, you can spend less time worrying about what individual stocks are doing, and more time understanding which sectors will be performing best.

    One of the more common sayings in the investing community is, 'buy on the rumor and sell on the news'. This has a lot of truth to it. Generally, stocks begin to make their runs prior to significant news, although it goes undetected. Then when the news is released, the stock has a strong volume spike, and all of the individual investors buy (or sell if bad news), causing the stock to move quickly. Then, a day or two later, even though the stock had a huge move, it begins to go in the opposite direction. The smart investors sold when the news came out, selling to the novice investors who were buying on the news, which suddenly leaves these investors stuck holding the bag.

    Generally speaking, individual investors are at a significant disadvantage in the market. They are either not privy to the inside happenings with a company, or they casually browse the financial news only to read the news when it is already too late. This is what makes the short-term trading for individuals so difficult, since the information they receive is generally slightly delayed. Not because the news is given to other people first, but simply because individuals are not logged into their brokerage account from 9:30am until 4pm, monitoring every single stream of data coming through. By the time individuals receive the information, the institutions who are monitoring these by the second have already made their moves, and the people who come in late are the ones who usually lose out.
    Generation X Finance
    Helping a Unique Generation Achieve Financial Independence

    Financial Planning writer at About.com

  17. #42
    Non-Member Dan's Avatar
    Join Date
    Feb 2005
    Posts
    921
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I suppose i can give this a try, how hard can it be??

  18. #43
    SitePoint Addict iMatt's Avatar
    Join Date
    Apr 2005
    Location
    New Jersey, USA
    Posts
    223
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Marabuzo, Doesn't this competition end in a month? What's the point of long term stocks for a one month competition?

  19. #44
    SitePoint Addict ankitaneja1's Avatar
    Join Date
    Sep 2004
    Location
    India
    Posts
    238
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Ankit Aneja
    "Nothing is impossible. The word itself says - I M possible"

  20. #45
    SitePoint Guru Marubozo's Avatar
    Join Date
    Mar 2005
    Location
    Near South Bend, Indiana
    Posts
    657
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by iMatt
    Marabuzo, Doesn't this competition end in a month? What's the point of long term stocks for a one month competition?
    Oh, I didn't know it was only a month competition, usually these are 6-month or year long competitions. If it is limited to just a month, it is more or less a lottery, and just one lucky price move could win it. Still fun of course, but it will ultimately just be a case of who gets lucky
    Generation X Finance
    Helping a Unique Generation Achieve Financial Independence

    Financial Planning writer at About.com

  21. #46
    SitePoint Addict iMatt's Avatar
    Join Date
    Apr 2005
    Location
    New Jersey, USA
    Posts
    223
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Wait, the first post with the quote says it begins May 25 2005 and ends June 30 2005

    What?

  22. #47
    SitePoint Wizard Young Twig's Avatar
    Join Date
    Dec 2003
    Location
    Albany, New York
    Posts
    1,355
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    It ends at the end of August. Those are the settings Nathan stole from The Wealthy Blogger.

  23. #48
    SitePoint Wizard silver trophy someonewhois's Avatar
    Join Date
    Jan 2002
    Location
    Canada
    Posts
    6,364
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Haha, yeah, sorry, I copied the same stuff as The Wealthy Blogger.

  24. #49
    SitePoint Addict
    Join Date
    Jun 2003
    Location
    Barrie, Ontario, Canada
    Posts
    316
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I'm gonna give this a shot..

  25. #50
    SitePoint Addict iMatt's Avatar
    Join Date
    Apr 2005
    Location
    New Jersey, USA
    Posts
    223
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by someonewhois
    Haha, yeah, sorry, I copied the same stuff as The Wealthy Blogger.
    -$100,000.


Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •