bumping for market and economic advice

Lol. Have fun getting wiped out in a few years, if you even last that long. Day traders are an anomaly made possible during the unrealistic growths in the economy during the tech and housing bubbles. It's hardly more than gambling unless you really study the groups you're investing in (which would make you an investor and not a day trader...), and it's impossible to study them all or predict changes or unforeseen variables in the market.

Goldman Sachs thanks you for your years of wealth accumulation and your family's standard of living

Change your career now.

America is going down the shitter, Yurop going down the shitter, Japan going down the shitter.

Riots fucking everywhere.

Possible WW3.

Wikileaks about to fuck up banks.

Its really not a good time to be a professional gambler.

>>3269046
> techniques
> gambling
lol

>>3269190
>Wikileaks about to fuck up banks.
lolno. the banks will never let that happen. get an MBA and become a banker OP

>>3269214
You can't into technical analysis.

OP, become a maker of something tangible; don't worship the jewish casino.

Not really a day trader but I've been trading a few stocks with the limited money I have.

I started in april, so far I've been down about 5%

but I've lost way more in fees. kinda getting discouraged.

The market was going straight up in april then the euro thing happened. One stock I bought went up like 30% in a few weeks but then crashed back down just as fast. All the stocks I originally wanted to buy in april have pretty much sucked except for apple, but that seems to be cyclical. Then I sort of reassessed everything a few months ago and tried to buy into the cloud computing stocks like salesforce and netapp but that was when they kind of flatlined. the only other thing I can think of is gold stocks or just to wait for down trends to buy cyclical stocks. but its not looking good. it looks like growth is going to be slow and I wouldn't be surprised to see another major sell off.

>>3269267
> but I've lost way more in fees.
LOL welcome to corporatism. Free markets are supposed to minimize transaction costs, not make more of them.

>>3269267
buy gold mining stocks dude

in like Australia or something.

forget market analysis and quantitative research. find out what sources other day traders rely on for their financial news and ride the wave. bail early, don't get greedy - both on trades and on trading in general.

>>3269278

ya I'm really pissed about it. not to mention I "made too many transactions" within a short period of time so it put a hold on my funds where I couldn't buy or sell until 3 business days after a transaction. I've switched to scot trade, hopefully there's less bullshit.

>>3269292

actually I'm looking into uranium. no one can stop nuclear energy.

>>3269298

too bad most of the informative news sites cost like 300 dollars a month.

I seriously wish wikileaks would release some tasty bank or hedge funds documents that I could use to my advantage.

>the only other thing I can think of is gold stocks
no wonder you lost money!

tza and tna just ride the momentum

It's all about nanotech, motherfuckers.

>>3269311
That's good too.

>>3269346

in what sector though? semiconductors have sucked big time.

>>3269362
Check out medical sectors.

>>3269338
>no wonder you lost money!
gold is up 400% since 2000 and is still breaking record highs. get out of here government shill

>no one can stop nuclear energy
probably true for the next two years, but that shouldn't affect uranium much. after that.. who knows. depends on the political environment.

>too bad most of the informative news sites
don't know how to squeak in? then you don't deserve to make it.

>>3269401

>don't know how to squeak in?

haha I'll probably figure out a way eventually. right now I'm still just trying to finish school though.

Pharmacueticals you nigger. pharmaceuticals.

This thread interests me.

OP here.


Anyone have any comments on technical analysis?

How often does it work?

What about fibonacci analysis.

>>3269375
gold prices have gone up - so they will go up! wonderful analysis.

not sure how disagreeing about the direction of gold makes me a govt shill. wait a minute.. are you some sort of glenn beck type faggit?

1. finviz . com stock screener. find a nice, uptrending stock.

2. use a combination of MA's, MACD, and stochastics to find a good entry point.

3. $$$

>>3269267

if you suck at investing, just buy SPY

>>3269464
i've heard something like 55% of the time.. and who knows what the confidence interval on that is :P

never heard of fibonacci analysis. sounds scamish

posters are right that medical sector/big pharm is a good bet - but that's in the long run. OP is a day trader, guys. and demographic shifts don't happen overnight.

>>3269476
you are completely retarded. i never said anything about the future direction of gold, i made a comment on it's past performance.

gb2bed, fbi

I trade Stock for a living.

I buy the stock off the shelves, modify it for increased
capacity, and trade it to someone else
for another stock that I think is best investment or undervalued.

example: screws, nuts, bolts, plate steel, maw welder,
oxyacetylene torch, metal shaper, pipe bender:
use this to make rolling chassis for dune buggies and
motorcycles.

See what you can do with some technique in Stock trading?

Depends on the tradition you follow.

Large block push or scalping. What are you looking to do and what types of toys you play with?

>>3269278
Sorry to hear that, bro. But you're entering a dark world, now, far outside the niceties of economic analysis and into the void of casinos.

>>3269464
It's not a scam. It's a legit math thing.

A bunch of books have been written about it.

Check it out.

You cannot successfully day trade as an individual.... at least not without alot of money.

I won't get into the reasons why individuals cannot but if you're interested look into it. All I can say is that you should think of investing in something.

Palladium is an interesting metal with great growth opportunities. Look up the north american mining companies.

Rare Earth resources are guaranteed to sky rocket, but you might have to play a little waiting game for their potential to be realized.

Silver has come up quite a bit, but I think there still room for growth next year.

Physical assets are always better to have but if not, look carefully for mining stocks. I say avoid ETFs because many of those companies are worthless shits that don't own a single oz of material, just a bunch of paper. They're not all like this but avoid it for now.

>>3269046
penny stocks, but there's not really any way i could explain it to you without taking up a lot of my time, which i dont feel like doing

>>3269267
hi experienced day trader here (believe me or think i'm bsing, either way) i wouldn't hold stocks too long
the only stock i have any long term plans for is Citi, because of how ridiculously cheap it is right now
but holding stocks for a long time means you're subject to the whims of the market, while day trading just means you have to get in and out at the right times (especially with penny stocks)

>>3269464
>>3269560


technical analysis is not reliable, if you really want to gamble the stock market, you should study the Kelly Formula

I LOVE 4CHAN!!!

I LOVE INFORMATION!!!

>>3269595
>Tec analysis >some gambling bullshit

lol no

>>3269587

ya I think long term citi is a good stock. Its the only big US bank that hasn't recovered yet.

>>3269619
>>3269619


"In recent years, Kelly has become a part of mainstream investment theory[7] and the claim has been made that well-known successful investors including Warren Buffett[8] and Bill Gross[9] use Kelly methods."

http://en.wikipedia.org/wiki/Kelly_criterion

bump.

There's some good info in this thread.

Any more advice from actual day traders?

What is your daily routine like?

>>3269678

>wake up
>piss excellence
>money out of thin air

>>3269278
>Free markets are supposed to minimize transaction costs, not make more of them.

Another delusional libertarian.

In a "free" market you can monetize anything you damn well please.

>>3269844
>In a "free" market you can monetize anything you damn well please.


Except that nobody will buy your product if you do that retard.

>>3270017
And who will they go to? The firm down the street who figured they can make more money as well by following your system?

Or do you think there's an infinite supply of other options?

This is why libertarians are a joke, no concept of real world situations.

>>3270051
>This is why libertarians are a joke, no concept of real world situations.

*sigh*

Excet that intelligent and rational people know that you area joke, with no concept of real world situations.

The kid n' play.

>>3269844

except you have to pay the price of inevitable boom and bust. We've never had a real deflationary depression since the great depression. If you took away the FDIC and the Fed and just let the big banks securitize themselves into oblivion we would be begging for food in the streets within weeks.

but again thats the price you pay for having those extra fees and monetizations.

>>3269046
Two methods. One isn't exactly day trading, but just short-term investing where you find out when a company is expected to announce a new product, merger, whatever and try to buy before other people notice that and sell after.

The second method is you just use the momentum of the market, notice something is going up, try to find out a reason and buy it, sell it once the momentum begins to fade. Usually you're holding for most of a day up to two days.

If you're only holding for an hour you're doing in wrong (unless its a rare case where it would be a good idea.)

>>3269278
Trading fees are actually at all time lows. The reason the fees are so costly is because he is making so many trades. A $100 fee twice a year for two trades is going to cost you less than 300 $9 fees.

>>3270157
>random insults
>doesn't address the very obvious flaws brought up

Stay delusional libertards.