The Official Trading Thread

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up nice on fnma . the pressure for privatization of the GSEs will soon be deafening, especially now that FNM and FRE are wildly profitable and with the new regulations in place to prevent a repeat of a crisis. AIG, Citi, Bac, and GM were allowed to exist as private entities, so no reason why FNM and FRE can't , especially now that they have paid their dues.

Stocks are back on the up-swing. Should see DJIA $15500 next week easily. Will def. be buying calls when Ameritrade gives me that option.
 


This market does not want to give up. As much as I thought that this week might be the fallout week, that wasn't the case. On Thursday we witnessed the markets nearly recover all the premarket fall, and Friday went by the same.

Unfortunately Friday did not turn out well for me, it was actually one of those days were your timing is as bad as it can get. I opened calls at the morning peak, and opened puts right at the bottom. The good news is that the losers were cut quickly ~ $1,600 loss was realized. Not bad considering the gains I had taken throughout the week.

This is S&P futures for the last three days:

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Notice the level where the index bounced off twice. That is an obvious support level. A support level that should be watched very carefully going into the following weeks.
 
Attempting to trade Apple this past week would have been a complete waste. There is a definite resistance at the $445 level. On Wednesday there was a near break out but when the market took a turn for the worst that dream was drained away.

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I shouldn't need to mention that if you see a strong break above $446 that is your que to go long.
 
those effects are technical traders trading on the movements of other technical traders. its like a giant loop of people trying to guess what the others in the loop are doing. remove all that reactionary short-term horseshit from the graph and you'd see the fundamental trendlines.
 
cpauser said:
Ameritrade is a pos. i wonder what the professionals use to trade options...
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lol Tom Sosnoff is a professional trader and uses Think or Swim aka Ameritrade. . .oh wait he started Think or Swim.

and if you got in on DDM on the 23rd the day you posted you should probably study technical analysis a little more before trading for real. It's just waiting to pull back to its MA so you just leave your self vulnerable for the pullback. you can't buy a stock just because the chart shows its on an uptrend.
 
i'm a huge equity bull, so any trade I make is probably going ot have a long bias EXCEPT i would consider being short the following: Arch Coal, Alcoa, Research in Motion, Navistar, Chesapeake Energy, Zynga, Pandora
 
mGrunin said:
Appreciate the comment. My entries are usually very good but I have a lot of work to do when it comes to my exits.
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I am always too early on both the entry and the exit.

It's not that I'm wrong in excess of the times I am correct but I am embarassingly wrong in timing, almost every time...

CF
 
cpauser said:
i'm a huge equity bull, so any trade I make is probably going ot have a long bias EXCEPT i would consider being short the following: Arch Coal, Alcoa, Research in Motion, Navistar, Chesapeake Energy, Zynga, Pandora
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its only a matter of long/short it is a matter of getting in a the right time based on technical analysis.
 
jonas33h said:
lol Tom Sosnoff is a professional trader and uses Think or Swim aka Ameritrade. . .oh wait he started Think or Swim.
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ameritrade bought think or swim & TOS is a free option for ameritrade customers, but they aren't the same thing. i personally liked the flexibility of TDA's charting platforms better than TOS for what i was doing, so i never used TOS much, but to each his own. either one is certainly good enough for professional traders.
 
^ sure it is. Think or swim was purchased by ameritrade for its trading platform specifically for options. I have been using them since before the buy out. If they were not the same I would not be able to go to ameritrade.com and log in. I don't know what TDA is since I have never needed to use any offering by ameritrade, except TOS. I know that there original platform is trade architect which I have never tried.
 
I've been looking at Tesla (TSLA) lately. I've read that the value could increase up to $200 within the next couple of years with the current price being at around $90.

Would it be a good idea to invest into Tesla in the long run for 2-3 years? Tesla also recently paid off it's Gov't loan of nearly half a million which is good.
 
amphetamine said:
I've been looking at Tesla (TSLA) lately. I've read that the value could increase up to $200 within the next couple of years with the current price being at around $90.

Would it be a good idea to invest into Tesla in the long run for 2-3 years? Tesla also recently paid off it's Gov't loan of nearly half a million which is good.
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i would def. be a buyer

$200 is doable with a year. i see teslas everywhere it's like the prius in 2002..it's gonna take off
 
If it clears 450 I will make a pilot but and if it then creates a new high peak (not a new high) on the next pullback I will go all in on aapl.
 
FNMA is insane ..sold some of of my shares to lock in profit..up almost 100% on the position
Ameritrade still wont let me buy naked calls or use margin. Takes forever for funds to clear. I want to buy some AXP (american express) deep in the money calls.

IMHO, apple is dead money. Google up a lot and apple is down, as has been the prevailing trend for the past 6 months. I would do a direction-neutral strategy on AAPL because its probably going to be in a 430-450 range for awhile.. TSLA up a lot today..this ain't a bubble. It satisfies a high -end niche for upper income and even some middle income consumers as a status symbol or cachet of cool.
 
cpauser said:
FNMA is insane ..sold some of of my shares to lock in profit..up almost 100% on the position
Ameritrade still wont let me buy naked calls or use margin. Takes forever for funds to clear. I want to buy some AXP (american express) deep in the money calls.

IMHO, apple is dead money. Google up a lot and apple is down, as has been the prevailing trend for the past 6 months. I would do a direction-neutral strategy on AAPL because its probably going to be in a 430-450 range for awhile.. TSLA up a lot today..this ain't a bubble. It satisfies a high -end niche for upper income and even some middle income consumers as a status symbol or cachet of cool.
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Well done. Fannie & Freddie heinous today. Good luck with whatever rest of a position you have. Until you clued me into it, I was oblivious to what was going on there.

And don't take this the wrong way, but Ameritrade is probably your best friend in the world. Did someone tell you to or suggest a naked call strategy or is this your idea?

I'd love to see the long term success rate (for now we'll define success taking more money out than depositing in) of Ameritrade customers rushing in to buy naked calls on anything. It probably hovers just above zero.
 
The chart for FNMA early today is weird. It must have been one big hedge fund that did that?
 
r3p1v said:
The chart for FNMA early today is weird. It must have been one big hedge fund that did that?
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It's a bulletin board stock, aka "the pink sheets" - so far down the food chain regulatory agencies don't bother closely watching the trading.

If anything I'd assume it was not a giant hedge fund - big ass hedge funds have potentially more to lose than money dicking around in bulletin board stocks.

A principal from a hedge fund close to the story and trading his own account? That would be totally plausible.
 
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