Stock Market Today : May 14th - 18th - Page 26

Quote:

Originally Posted by barbellman 

Exactly, I see so many people on my twitter feed (and I don't think they trade futures) going "it's up 20, now 40, now 60! down 20 - market is in trouble 2mrw!!".  We're so far away from the open we could have another greece lightning headline or big ben could use another QE3 magic trick nobody knows.  I don't even bother looking at the futures until I wake up around 5am because I don't even trade it no need to worry so early..

Make your life easier.  Don't read that noise.  Pay it absolutely no attention.

In hindsight I am stupid for not selling apple when I had the chance. If I can sell apple at or near 590 then only trading for me as buying and holding can create massive losses and is the most dangerous way to play the market.

I think apple may hit 500 and even the high 400s. I hope it doesnt but im just being realistic.

The valuation argument that apple is cheap is total BS apparently because if apple was cheap it wouldnt be crashing, people would be buying.

At 500 I break even for all my trades for the entire year, below 500 and I start to lose real money. If apple hits 500 Im out of the market, I will walk away and close my trading account. I hope it doesnt come to that

Quote:

Originally Posted by Venom08 

you make the most money buying and holding (given the company doesn't go bankrupt) shares for a company. 

So why do you still trade options? 

That's all I have to say about that. 

NASDAQ100 continues to slide.  Will be interesting to see FB outperform this index.

Quote:

Originally Posted by Davecash77 

 

 

Strange thing i took a position in $XIV at the close and it will probably blow up in my face tomorrow..futures up 60 ppoints right now but that means squat for 9:30AM Thursday

What does that mean Dave? "futures up 60 points". I know you mean ticks but what is up? Thanks.

Quote:

Originally Posted by BobK 

What does that mean Dave? "futures up 60 points". I know you mean ticks but what is up? Thanks.

Number 60 sounds a lot like Dow futures /YM, if it were up 6 points it would most probably be /ES. 

Quote:

Originally Posted by Nate01 

At 500 I break even for all my trades for the entire year, below 500 and I start to lose real money. If apple hits 500 Im out of the market, I will walk away and close my trading account. I hope it doesnt come to that

You can also see all of this as part of a learning experience. Everybody makes mistakes, the idea is to minimize them. Not all trades can be winners. Figure out what you would do differently next time and learn from that. Maybe spread the eggs into more than one basket.

Quote:

Originally Posted by Venom08 

So the highest AAPL ever reached was $644.00. Once again, notice the .00. It's not something one should base their entire trading on, but it's interesting none the less.

What does that mean? That the big players like to bid at the round numbers? Probably easier to type than putting big orders at random numbers like $637.24

Quote:

Originally Posted by rmejia 

 

Number 60 sounds a lot like Dow futures /YM, if it were up 6 points it would most probably be /ES. 

You might be right but a normal day's spread is 80/100 ticks with the Mini Dow so that 60 was no big deal. I just wasn't sure what he was referring to.

Quote:

Originally Posted by rst 

AAPL hit 644.00.
So while you were expecting it to get above that because it printed .00, it dropped over $100.
Didn't work out very well in this instance, did it?

Quote:

Originally Posted by rmejia 

What does that mean? That the big players like to bid at the round numbers? Probably easier to type than putting big orders at random numbers like $637.24

Yeah, not sure why everyone has been mentioning the .00 prints lately. Doesn't really have any meaning or relevance imo

Quote:

Originally Posted by Nate01 

At 500 I break even for all my trades for the entire year, below 500 and I start to lose real money. If apple hits 500 Im out of the market, I will walk away and close my trading account. I hope it doesnt come to that

How many times have I and others told you to manage your trade? If you can't do that you should get out.

Quote:

Originally Posted by o7media 

S&P Daily... Looking for about 1305 before we get a good bounce. About 25 more handles to go here IMO.

 

Last 2 days have been slow, took longer than expected. S&P support I'm looking at is a bit higher now, around 1315 - 1320. That area should hold..for now.

keep $SHLD on your radars today  - HUGE float 52%.

The earnings came in better than expected rising in the premarket.  Got in at $55 gonna give it a stop to $51 see what happens maybe she squeezes like a python today.  $SODA was a great trade for me last week on a squeeze with huge short and decent earnings.

Quote:

Originally Posted by BobK 

 

How many times have I and others told you to manage your trade? If you can't do that you should get out.

Not only do guys like him get extremely excited making money, they're addicted to the drama of mismanaging it.  A fool and his money will soon part as they say.  If they refuse to up their market knowledge and charting, they're basically just a sitting duck.  People can't expect to treat this game like roulette if they expect to win over the long haul.