OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

The market better not crash. I hope it waits 3 years lol.

This happened when I finished undergraduate school (end of 2k7) and made my first job (AT&T) awful. Everyone was in a bad mood + I was in sales = no good.

I just finished grad school etc and it better not be another be the exact same situation lol. Last time, I left the country for a while for greener pastures (teach English abroad). Getting too old for that sort of nonsense.


So what's the prognosis NT? Going to be tough out there in 2k16?

Edit: Actually it might be a good thing if I can manage to get all the stocks I want at very low prices and hold them for the eventual upswing a few years down the road.
 
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Disney is stable now so I'm in for more positions. Was expecting everything to get to this point by Friday. Also going to take a couple positions in SCHX Cost is better for me than SPY. Going to look into some S&P500 ETFs as well.
 
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i got ******* smoked today ugh. FB looked strong out of the gate, got long some 91.50 calls for .37. Added in on the dip at .31 but every bounce was being sold. Added in again at 26, just sold 22 contracts at .15. Think I lost like 450 :smh: I made mistake of using size today thinking we'd have a nice rally. Can't do that in this market. Less size, more range is the safest way to handle things right now.
 
Market won't really rally until Tomorrow before noon in my opinion that's why I'm trying to get these DIS positions. Should've just took em at $97 yesterday but wanted to be sure first. Got limits in for $101 but might have to increase that depending on the rally.
 
Got long at each X

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Mistake I made was taking a 10 lot at the first X instead of a 5 lot using chase size. Thought we would hold that line at the second X so I added in there, I believe a 5 lot. Thought we double bottomed and added a 7 lot at the third X.

I knew 89.50 was the upside pivot if it went over/under and held, once it didn't hold, I should've gotten out (fourth X) and taken a $180 loss, but I wanted to be patient and see if this could rebound, market was strong at the time, but FB was lagging SPY. Instead I stopped at the fifth X.
B3EXZO.png


It is what it is, but what I should have done was been more nimble with my size at the first X and not gone so heavy on the adds. Less size more range is the safe way to play things.
 
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I'm someone just looking to buy and sit on stocks long term. After doing a lot of reading online, I've found a broker online named Loyal3 which allows you to purchase partial or whole shares commission free, just as a batch purchase so your order doesn't go through immediately. Anyone have any experience with them? I'm planning on buying stock in all the top dividend performers and just sitting on it, building up my partial shares in the larger cost stocks as my budget allows monthly.
 
I'm someone just looking to buy and sit on stocks long term. After doing a lot of reading online, I've found a broker online named Loyal3 which allows you to purchase partial or whole shares commission free, just as a batch purchase so your order doesn't go through immediately. Anyone have any experience with them? I'm planning on buying stock in all the top dividend performers and just sitting on it, building up my partial shares in the larger cost stocks as my budget allows monthly.

Just go w/ a lower-no minimum brokerage. I thought about doing the partial share through ING some years back but glad I didn't. It's coo if u don't have much money but if you have to wait to get in on a stock through a process then it might be counter productive. I started out w/ a low amount and still building but glad I didn't settle for service like that or even Mosaic.

Thar she blows (again).

I'm glad I didn't play today.

WTH happened? I've been watching my Tradeking now I get a 504-Gateway Error :nerd:
 
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yep go with a reputable broker like etrade or tos and just add into it when you can. if need to buy 1 share or 5 shares so be it. not a fan of this partial share stuff.

looking at this reversal, we're right back in that line of the sand in a lot of stocks on the hourly. I'm gonna try and employ Dan Shapiro's ps60 strategy a little more for confirmation purposes intraday.
 
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Trades executed for DIS and SCHX. Expecting a little dip tomorrow but don't think that it's going to be ugly like the past week.
 
Solid quarter by GME. Up 5% after hours so far. Pls Wall St don't **** me with a sell off or bs reason to kill the momentum.
 
Solid quarter by GME. Up 5% after hours so far. Pls Wall St don't **** me with a sell off or bs reason to kill the momentum.
And there it goes :smh: Wish I could trade after hours. Hopefully it'll bounce tomorrow if the markets don't open lower.
 
Gotta see what happens tomorrow but this current candlestick pattern developing on the daily of the /ES looks ugly.
 
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