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To further prove to Oreo just how boring I can get... Has anyone else here dabbled with stock trading, long-term or short? Just curious what peoples' experiences have been. I've been buying/selling my employer's stock for the past 5 months or so. I think what I'm doing is considered short selling. It tends to go up and down pretty regularly, so just repeatedly buying low and selling high I've made somewhere around $700 (before taxes) profit. It feels like stealing. No wonder people hate Wall Street. But with things as tight here as they've been, that money's kept us in the green month-to-month.
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Rikaelus wrote:To further prove to Oreo just how boring I can get...
Has anyone else here dabbled with stock trading, long-term or short? Just curious what peoples' experiences have been.
I've been buying/selling my employer's stock for the past 5 months or so. I think what I'm doing is considered short selling. It tends to go up and down pretty regularly, so just repeatedly buying low and selling high I've made somewhere around $700 (before taxes) profit.
It feels like stealing. No wonder people hate Wall Street. But with things as tight here as they've been, that money's kept us in the green month-to-month. Lmao... I subscribe to the economist and watch the markets a lot. Happen to know a handful a guys who work as investors from college and they're making a killing off this "terrible" market. You really have no idea who I am and where I come from...and its GREAT!!!!! Just wish you had some wit.
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I work "in the industry" so if you want any info, I can provide...for example, short selling is borrowing shares you don't own, then you sell them right away; you hope the share price drops, so that when you have to give the shares back, you can buy them back at a cheaper price...therefore, you make money. I can't give you any tips...one because I don't know any, and two, if I did, that would be insider trading and I could get Martha Stewart-ed...  HAHA stupid horse, the sign says Deer crossing Cantrip wrote:For all you know, you may have been dessert on a day-long cock-feast.
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McCheese wrote:I work "in the industry" so if you want any info, I can provide...for example, short selling is borrowing shares you don't own, then you sell them right away; you hope the share price drops, so that when you have to give the shares back, you can buy them back at a cheaper price...therefore, you make money.
I can't give you any tips...one because I don't know any, and two, if I did, that would be insider trading and I could get Martha Stewart-ed... No comprende... How do you "borrow" shares? And how do you have the legal right to sell them if you don't own them?
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I would be interested in learning the trades and stocks. Particularly if it might potentially bring in an extra $700 a month. We could use that these days... wrote:{pDs} TitaniumPhoenix: We're Mexican. I say we pull a razor outta our titties and cut them!
[CMS]Noobina: omg thats where you keep yours too?! wrote:{pDs} TitaniumPhoenix: You mean that's not you in my titties? THEN WHO IS IT? D:
{pDs} Razor: I don't know but I would imagine if you push them together you would probably hear AFLAC!!! 
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Rikaelus wrote:No comprende...
How do you "borrow" shares? And how do you have the legal right to sell them if you don't own them? Brokers lend the shares to you from their own inventory. Example: you have an account with brokerage firm "A" that has a large inventory of a variety of stocks, you call them up and say "Hey, I think company XYZ is going to lose value and I don't have any shares of that company in my account, I would like to short sell the stock, so can I borrow it from you?" If they have shares of XYZ, they will deposit them in your account where you then sell them. If the market goes down, you buy the shares back at a lower price, and you keep the difference from the inital sale. If the market goes up, you're screwed when the time comes to deliver the shares back to the borkerage firm...and I'm not talking screwed in that fun way...if you short sell a stock and the market for that stock goes up, the loss potential is unlimited. Oh, and just to be a spanish grammar nazi...you should have written "no comprendo" HAHA stupid horse, the sign says Deer crossing Cantrip wrote:For all you know, you may have been dessert on a day-long cock-feast.
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R: useful resource for beginning investor: The Motley FoolCaveat Emptor "I love the smell of napalm in the morning. Smells like ... victory"
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McCheese wrote:Brokers lend the shares to you from their own inventory.
Example: you have an account with brokerage firm "A" that has a large inventory of a variety of stocks, you call them up and say "Hey, I think company XYZ is going to lose value and I don't have any shares of that company in my account, I would like to short sell the stock, so can I borrow it from you?" If they have shares of XYZ, they will deposit them in your account where you then sell them. If the market goes down, you buy the shares back at a lower price, and you keep the difference from the inital sale. If the market goes up, you're screwed when the time comes to deliver the shares back to the borkerage firm...and I'm not talking screwed in that fun way...if you short sell a stock and the market for that stock goes up, the loss potential is unlimited.
Oh, and just to be a spanish grammar nazi...you should have written "no comprendo" Weird. Kind of a dark side of playing the market. Up until now I thought people only profited by improvements; not declines. But I think the end of Trading Places finally makes some sense. I'm picturing a loan shark scene, with the threat of losing body parts if you don't get the stocks back. So right now I've been doing what's considered normal: buying when my company stock goes down, selling when it goes high. Waiting for it to drop, rinse and repeat. With short selling it sounds like I could profit both ways. How is it determined when you have to return the stocks? I'm not seeing that clearly on etrade.com...
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TitaniumPhoenix wrote:I would be interested in learning the trades and stocks. Particularly if it might potentially bring in an extra $700 a month. We could use that these days... If you have enough to invest with upfront and have the drive to keep tabs on stocks, anything is possible. I've been amazed by making money out of nowhere. I feel like I'm cheating at life. When I started we had about $3500 in savings and I thought my employer's stock was a safe bet, having watched its up-and-down trends. I took $2000 of that to begin investing with and have made $600-$700 profit over 4 months or so. With more available to invest with up front, that could have been much higher. But... I didn't want to risk anything we couldn't afford to lose.
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Rikaelus wrote:If you have enough to invest with upfront and have the drive to keep tabs on stocks, anything is possible. I've been amazed by making money out of nowhere. I feel like I'm cheating at life.
When I started we had about $3500 in savings and I thought my employer's stock was a safe bet, having watched its up-and-down trends. I took $2000 of that to begin investing with and have made $600-$700 profit over 4 months or so. With more available to invest with up front, that could have been much higher. But... I didn't want to risk anything we couldn't afford to lose. Want some stock advice from professionals? Look at THQ, you can argue it's on it's way to failure but at the same time some savvy investors are scouring everything source of info imaginable to give to analysts to see if the #'s make them worth while. Selling the company to a parent source has been a business strategy from the 90's, and you have to keep in mind if the parent makes the company enough of a success they can always offer big $ to buy the shares of the company back. Btw unless you plan to invest at least $10,000 in the market don't bother, you're just going to lose your money to the big people who's plan is to take everything possible from people like you on top of their other investments. "You need to diversify your bonds, nigga." lmao Wu-Tang finical had something right.
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Oreo wrote:Btw unless you plan to invest at least $10,000 in the market don't bother, you're just going to lose your money to the big people who's plan is to take everything possible from people like you on top of their other investments. "You need to diversify your bonds, nigga." lmao Wu-Tang finical had something right. Well, I've made around $900 now, plus upwards of $50k selling stocks I've gotten as options. I got out of debt, paid off my truck, and got the down payment for my house through stocks. If someone is working to rob me of everything they're not doing a very good job...
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Rikaelus wrote:Well, I've made around $900 now, plus upwards of $50k selling stocks I've gotten as options. I got out of debt, paid off my truck, and got the down payment for my house through stocks. If someone is working to rob me of everything they're not doing a very good job... Selling options provided by a company doesn't count as investing, it's considered to be part of your total pay by the SEC. $900 isn't enough to pay for the trading fee on real stock transactions, don't make me laugh.
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Oreo wrote:Selling options provided by a company doesn't count as investing, it's considered to be part of your total pay by the SEC. $900 isn't enough to pay for the trading fee on real stock transactions, don't make me laugh. I didn't say I sold options. I sold stocks I originally got as options. Meaning I bought them, converted them to stocks, then sold them. As stocks they'd be susceptible to all the same ups/downs of the market as stocks you buy direct. I don't know where you go to do trading but you must be paying too much. At E-Trade it's only $10/transaction, flat rate. That $900 profit is after all the fees are paid for. And anyone who suggests getting $900 for nothing is meaningless is an idiot.
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Rikaelus wrote:I didn't say I sold options. I sold stocks I originally got as options. Meaning I bought them, converted them to stocks, then sold them. As stocks they'd be susceptible to all the same ups/downs of the market as stocks you buy direct.
I don't know where you go to do trading but you must be paying too much. At E-Trade it's only $10/transaction, flat rate. That $900 profit is after all the fees are paid for.
And anyone who suggests getting $900 for nothing is meaningless is an idiot. http://www.investopedia....e/eso.asp#axzz1jkiPmvf1
NO STOCK OPTIONS DO NOT GO BY THE SAME RULES E-trade...HAHAHAHAHAHA I said don't make me laugh.
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Oreo wrote:http://www.investopedia.com/terms/e/eso.asp#axzz1jkiPmvf1
NO STOCK OPTIONS DO NOT GO BY THE SAME RULES Wow, you're dense. You realize that when you exercise the options they convert to normal stocks, right? I never once said stock options play by the same rules. I said they play by the same rules once they're exercised and become normal stocks. And I've only ever sold stocks. I had the opportunity to sell options when Morgan Stanley invested in the company I work for--prior to going public--and I turned it down. Here, I'll help you out a little, Mr. Wizard. http://www.investopedia....rcise.asp#axzz1jlwgJEx7
Quote:E-trade...HAHAHAHAHAHA I said don't make me laugh. Good job qualifying yourself for the status of "idiot", per my previously stated prerequisites. I'm quite happy having made $900 from nothing. It protected our savings from being hit by expenses more than once.
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