'Regarding Stock Market - All Things Stock Market post here.'.

wilheim · Oct 10, 2008

I know that the Stock Market is a hot topic right now and I don't want to supress discussion on the subject so I will make a deal with you guys. Rather than sending stock market threads to the Financial Forum I will make this thread sticky for the rest of the day and again when the market re-opens next Monday. Kindly post all your stock market materiel in this thread so the Offshore Forum will not be overrun with Off Topic Stock Market threads.

Thanks, wil.

Whoson1st · Oct 10, 2008

Daytrading -"Investing" Market (Final ?)

Isn't a successfull daytrader more of an "insider" (for the most part) than those across the aisle that "invest" in the markets?

bellyputter · Oct 10, 2008

Most day traders start undercapitalized and eventually go bust. They also leave too much on the table on winning trades, and leave too much on the losing ones. Human nature.

TTinCO · Oct 10, 2008

:lol: What a handjob that was. 1000+ point intraday swing & it closes within 100 of where it started.

These level 2 market makers have to be making a f'ing mint off this scam-again.

Texas-Winners · Oct 10, 2008

bellyputter said:
Most day traders start undercapitalized and eventually go bust. They also leave too much on the table on winning trades, and leave too much on the losing ones. Human nature.

very true.

Whoson1st · Oct 10, 2008

with all respect, I asked about "successfull" day traders.
Some of them must be. I don't know the lingo you speak of.

Texas-Winners · Oct 10, 2008

when you speak of "insider" that makes me think of insider trading. most people can not make it as a daytrader bc they can not handle the swings. or at least i couldnt. what are you trying to ask?

Whoson1st · Oct 10, 2008

I guess what I'm trying to ask "insider"--to me means an edge in knowledge about the company--Nothing illegal.

Texas-Winners · Oct 10, 2008

any inside info is illegal. most daytraders trade on technical data. most of the time they are looking at charts and trying to predict trends. since they are in and out, knowing the company would really not matter. i just used to follow 10 stocks and trade those based on what the trends and charts were doing. this can get very technical.

Presto · Oct 10, 2008

This was a day for the record books no doubt.

Will we have a bank holiday? Can't rule it out despite this article.

White House denies considering closing stock markets
By Greg Robb
Last update: 11:30 a.m. EDT Oct. 10, 2008
Comments: 36
WASHINGTON (MarketWatch) -- The White House denied Friday that it had any intention of closing financial markets. "There are absolutely no plans or discussions to interfere with the functioning of markets in the United States," White House spokesman Tony Fratto said in an email message. Earlier Friday, Italian Prime Minister Silvio Berlusconi had given conflicting statements about the possibility. He first told reporters that the idea of financial leaders closing markets was on the table, but he later told reporters that his only knowlege of such plans came from reading media accounts of the financial crisis. Berlusconi also said that G8 leaders may have a meeting to discuss the crisis in coming days. End of Story

ProPokerPlayer · Oct 10, 2008

WharfRat+ · Oct 10, 2008

I think I've lost a years salary at this point.

When I used to work at the Track we would joke when we lost a hundred or two that we were 'working for free today'.

Well, I'm working for free this year....

quantumleap · Oct 11, 2008

WharfRat said:
I think I've lost a years salary at this point.

When I used to work at the Track we would joke when we lost a hundred or two that we were 'working for free today'.

Well, I'm working for free this year....

The difference being that when you lose a bet your whole money is gone. At least with stock you still own the shares. And those shares can increase in price over time.

bellyputter · Oct 11, 2008

I'm 100% cash and I won't look at this mess until January 2. I hope nobody owns CHK or SD(majority Thunder owners). They may have to move back to Seattle. :drink::

Whoson1st · Oct 11, 2008

Texas-Winners said:
any inside info is illegal. most daytraders trade on technical data. most of the time they are looking at charts and trying to predict trends. since they are in and out, knowing the company would really not matter. i just used to follow 10 stocks and trade those based on what the trends and charts were doing. this can get very technical.

You've "learn't me" here. I thought it was illegal if you personally knew a high company official was selling their stock (knowing the company was in trouble) and you did the same. But if simply knowing an employee of a company makes it "insider" knowledge; that turns me off. Maybe it's all a play on words--insider, etc. "Charts"--I don't know where they get them, unless a daytrader keeps track on his own. That sounds like watching the lottery numbers (3 digits) to see if there is a bias in one of the 3 numbers drawn.
But thanks for the info.

'Regarding Stock Market - All Things Stock Market post here.'.

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