The Official Trading Thread

drave said:
that's facepalm-worthy. absolutely anyone who's spent any time in the industry at all doesn't need to investigate that claim to know they are either outright lying or manipulating the definition of a "winner". the claim is so comical there isn't much more that can be said about it.
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My thoughts exactly when I read it. But after some digging I saw the article on bloomberg.com picking it #1 best performing newsletter. Bloomberg being a respected news outlet in the industry I didn't think it would give that kind of award to a newsletter that made untrue or misleading claims, so my interest was peaked even more. But the marketer in me is still calling bullshit. So I dont fucking know.
 


Roman Holiday said:
My thoughts exactly when I read it. But after some digging I saw the article on bloomberg.com picking it #1 best performing newsletter. Bloomberg being a respected news outlet in the industry I didn't think it would give that kind of award to a newsletter that made untrue or misleading claims, so my interest was peaked even more. But the marketer in me is still calling bullshit. So I dont fucking know.
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the only thing missing is their claim to owing their success to this one weird trick....
 
Roman Holiday said:
My thoughts exactly when I read it. But after some digging I saw the article on bloomberg.com picking it #1 best performing newsletter. Bloomberg being a respected news outlet in the industry I didn't think it would give that kind of award to a newsletter that made untrue or misleading claims, so my interest was peaked even more. But the marketer in me is still calling bullshit. So I dont fucking know.
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241 out of 243 winners? I reject that claim out of hand. No one has ever approached those kind of numbers and no one ever will.

In sports terms, this would be like seeing an MLB player with a .850 batting average over the course of a season. (or for you soccerfags: like some guy on Manchester United averaging 5 goals a game for a whole season - point is, all these numbers are silly. )

I was going to say you don't see outlandish advertising like this anywhere near sophisticated investors ... then I started thinking about Jim Cramer and, well, never mind.
 
Sorry that I have been pretty MIA for the past week. Not sure if I mentioned before but I am currently in Hawaii for vacation. US markets open up 3:30 am local time so it is nearly inconvenient to trade. Nevertheless, I have been profitable every single day for the past 2 weeks, but that streak ends today. Currently holding a losing trade on Nikkei (long), it is very volatile and I do expect to come out on top.

In regards to what has been posted on this thread so far. CPAUser, when you are opening an option position, using the delta greek you will get a very good idea as to how much you stand to lose per every single $1 that the stock moves. If you purchased a ITM option, then your option delta was probably near 1.00.

Roman Holiday, I am not signed up to any such newsletters. The winning record that they mention picking stocks does sound unreal. Then again..it is important to know over what time period they want you to hold the positions. If part of the plan is holding some specific stocks for 3-5 years, then these picks do become easier to make. But even then, no where near that record they mentioned.
 
Hi, thanks mGrunin for interesting thread.
I have never done trading so I have a few questions:

* Does trading requires a lot of "talent"(predicting) or knowledge and experience are the most important factors for success.

* What are your thoughts about World's Largest Online Social Trading & Investment Network | eToro. Basically it is a platform where you can copy successful trades. However, it seems too good to be true...? If it was so effective probably most of traders would just copy TOP ones. What's the reason why I shouldn't use it?
 
GoldMarketing said:
Hi, thanks mGrunin for interesting thread.
I have never done trading so I have a few questions:

* Does trading requires a lot of "talent"(predicting) or knowledge and experience are the most important factors for success.

* What are your thoughts about World's Largest Online Social Trading & Investment Network | eToro. Basically it is a platform where you can copy successful trades. However, it seems too good to be true...? If it was so effective probably most of traders would just copy TOP ones. What's the reason why I shouldn't use it?
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I do zero trading and don't know dick about these things, but I tend to follow the philosophy of "everything popular is wrong". It would seem like if everyone was doing it then it would have the opposite effect.
 
mGrunin said:
Sorry that I have been pretty MIA for the past week. Not sure if I mentioned before but I am currently in Hawaii for vacation. US markets open up 3:30 am local time so it is nearly inconvenient to trade. Nevertheless, I have been profitable every single day for the past 2 weeks, but that streak ends today. Currently holding a losing trade on Nikkei (long), it is very volatile and I do expect to come out on top.
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How long have you been in with that position?

Looked at the Nikkei last week and I think some expectations were for it to bounce off the 55dma which it's closed above for 128 consecutive days and there was historical evidence of similar patterns. There was a lack of recovery last Friday though. I haven't checked this week but the candles were set up for an "blow out" exhaustion pattern with the May monthly close.
 
Roman Holiday said:
......Bloomberg being a respected news outlet in the industry I didn't think it would give that kind of award to a newsletter that made untrue or misleading claims, so my interest was peaked even more......
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Bloomberg's spying scandal: Is stalking part of the company's culture? - The Week

GoldMarketing said:
What are your thoughts about World's Largest Online Social Trading & Investment Network | eToro. Basically it is a platform where you can copy successful trades.
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Forget EToro. Forget any other scheme/ebook/course/whatever.
There is no free lunch in trading.
 
Delaney said:
How long have you been in with that position?

Looked at the Nikkei last week and I think some expectations were for it to bounce off the 55dma which it's closed above for 128 consecutive days and there was historical evidence of similar patterns. There was a lack of recovery last Friday though. I haven't checked this week but the candles were set up for an "blow out" exhaustion pattern with the May monthly close.
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Oh man, this morning was quite the fun day for me. Up at 6 am local time here watching NKD dropping like a mad men; losses sitting at $4,500. End up selling out and reversing my positions towards the downside. Thirty minutes later I cover my shorts for a $4,200 gain. I should have caught that support bounce we had off our US markets that held on NKD too...but I was more concerned about my sleep at that time.

My longer term picture on NKD is lower, much lower.
 
mGrunin said:
Oh man, this morning was quite the fun day for me. Up at 6 am local time here watching NKD dropping like a mad men; losses sitting at $4,500. End up selling out and reversing my positions towards the downside. Thirty minutes later I cover my shorts for a $4,200 gain. I should have caught that support bounce we had off our US markets that held on NKD too...but I was more concerned about my sleep at that time.

My longer term picture on NKD is lower, much lower.
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How are you shorting NKD? Would love to use options but haven't found any
 
Anyone been trading Apple options recently?

I think some people may have been caught out with Apple and the WWDC this year. In the past the WWDC has exceeded the market expectations with a 5% rise last year.
 
Not at a computer right now but typically the immediate reaction after the WWDC is down. Playing options before an event like that is complete gambling not to mention the extreme vega crush afterwards.
 
Watching Nikkei here is pretty important. If you held just 4 future contracts long since last Thursday when S&P bounced off the 50 dma, then you would be up $24,000 by morning. It currently regained its uptrend channel but is having difficult in clearing well above it. If it can clear 13,800, then a run to 14,500+ is in the cards. If it can't hold the channel, expect a retest at 12,500; which is nearly 1,000 points lower.
 
Tomorrow is a crucial day for the markets. If S&P falls under 1620, then expect 1600 to be retested once again.

Nikkei dropped a good 600 points in the last 24 hours:

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