I think a slight correction would be healthy for the markets

LOL Wut ? With Romney's Flip Flopping, Obama and Romney are essentially the same.

Only candidate I liked was Gary Johnson. Now that's a Capitalist wet dream. 0% corporate tax rate. He understands that it's a double tax.

Stupid Fiscal Cliff. This is so phantom. There are no budget cuts. Seriously WTF ? This is for for the planned additional expenditures that are proposed to be cut down. So if the Budget Cuts do go through in 2013, the overall budget will not decrease. Holy Shit. Media manipulation at it's best. Everybody is getting too greedy.

:seriously: , trying to get a small bump in price to sell everything at a profit?

fiscal cliff lol, they're just going to delay and push back the issue. With the republicans majority in the house and democrat for pres and senate. Nothing will get done.

Expect fiscal cliff solution taking months and months to resolve.

At least Bernanke still has the key to the money printer for another 4 years lol

S&P500 SPOT
Attachment 14188
indicators:
candle stick
exponential moving averages 20(red)/40(blue)/200(green)
slow stochastic
MACD
pink lines are support resistances drawn in


weakening... bears rawr.
down. down. down baby!

Market rally into Obama comments on cliff tomorrow followed by a sell off when he doesn't say anything useful

i don't play stocks but i charted AAPL for u guys. too lazy to post

but the fibonacci projection was right on the dot... the projection was right at 700.

I would look for a buy around ~528.66, wait for a GOOD green day and buy in.
if it breaks ~528.66, it could easily drop to ~420.

remember those numbers!

hemp bruthers

cashing out yet jason? lol nice little bump today

Well TBH.. I am "riding the buyout" bandwagon for now.. though I really don't want to be holding much of anything over the XMAS/New year break.

Irresponsible Investing 101 W/ Jasonturbo.

you cunts like that call Spy calls at the open, puts during speach. +4k booya

So you guys basically buy stocks when their low and sell it out when their high?? Which sites do you guys recommend with the lowest fees?
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Lol... yes, buy low and sell high is the general gist...

But what if you bought a stock at a low price and it just keeps going lower. Can I hold onto it till the price goes back up and go in for the sell? Or does it expires within a time limit?
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you don't catch a falling knife.

what you perceive as a low price, may not actually be low.

say apple is at 700, and it drops to 547. is that low? would u buy there?

to some that's low. what a deal! 150 bux cheaper!

what if it drops to 400? 300? 200? 100? 0?

the strategy is knowing WHEN it's ACTUALLY a "low" (as in it's gonna turn around). not just guessing out of your ass.

always wait for a confirmation before entering.

if it's going up, you can buy anywhere and you'll make money.

so why the fuck would buy when its going down? why not wait till it's going up and reduce your risk by THAT much.

you gotta be able to flip your "buy" mentality to "short".

if it's going down, you gotta remember, all the bears that are short the stock have the OPPOSITE mentality as you.

it was HIGH, and it started to go DOWN and it was CONFIRMED going down, therefore they SHORT the stock.

and all the poor bulls are trying to buy it as it goes down. no. wrong mentality. you'll get fucking slaughtered.

as it's going down the bears are selling into it everyday. and as it slides they make money everyday.

if you're a bull, you should do the opposite, WAIT (patience) till it's actually going up (after it's gone down), and buy in. and if you're confident in your trade, then that means the market will go up almost immediately. meaning you can keep buying in as long as it keeps going up.


im a big bear, i can tell you, things always drop faster than they rise.
could take 3-4 years to build a position, and in a fraction of the time the bears can wipe it out.

fear is the strongest human emotion. as markets are going up, there's always doubt that it's topped out. but as it's tanking, everyone is fearful, and dumps.

it would be 100% retarded to buy as it's dropping like a stone. that's just gambling. trying to pick a low based off of nothing. you always wait for a confirmation.


side note:
short sp500 futures, got out today at the lows, made nice 26%
short soybeans futures into the report, made a 37% all over 48 hours.

:nyan::nyan::nyan::nyan:

What.... :derp:

Very useful advice ulic posted for beginners. Buy low based on signals whether fundamental or technical. Buying during the reversal of trend is better than buying low, u will catch knives most of the time unless u have a perfect strategy to see bottoms..

ok that makes sense. which site do you guys use? i was thinking about doing the pennies stocks.

he's thinking of options that have a time limit and expire.

LOL first time investing + penny stocks :pokerface:

^ don't you guys have a time limit when u guys buy any of the stocks? I saw a site like cedars finance. Its simple which I like, its either buy or sell within a min, after that 1min you'll either win or lose. But I heard its a skechy site so I didn't put much time into it.
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Dear god...

Lol evreyone got to start off somewhere.
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Casino is a good start...

What you've described is not a simple approach to investing, it's an over complicated approach to roulette.

If you're going to foolishly burn money, hookers are a lot more fun than stocks.