Wall Street City: Stock Trading & General Investing Thread

413Blue

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Apr 23, 2014
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Why not. This is New York, what's more New York in the world's eye's than the stock market?

Anyway, I have a basic brokerage account with Schwab which I don't do a whole lot with, other than hold a few stocks and ETF's I like. I caught onto Robinhood recently and have gotten hooked on oil, the recent volatility in crude has been ideal for someone like me who likes to gamble a little bit. I have been buying/selling UWTI/DWTI like crazy and have been killing it! Made a couple hundred today buying at the low and selling about an hour later. Obviously that is more for fun than it is serious investing, and most of my money is in various parts of a diversified portfolio of stocks/etfs/bonds and income property, but a little on the side to trade on oil can't hurt nobody!

I'm not too optimistic about US equities at this point, so i'm not really looking to go on any type of buying spree right now. I'm waiting for the next correction before I jump back in hard.

So:

What stocks/etf's are you long/short right now?
What sectors are you watching?
What services are you using (trading platforms/apps, websites etc.?)
What is your basic, or not so basic, strategy?
What are things you like to look at (government data, trade data, statistics etc.) to make decisions?
What should the Fed do in June and beyond? What will the Fed do in June and beyond?
 
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4 413Blue Interesting to stumble across this thread, but as you stated, this is New York.

It's important to note my next statements do not reflect day trading. My investment strategy is buy & hold (for at least a few months).

I'm actually in favor of US equities. When global markets get worried and therefore volatile, people obviously flock to government fixed income and gold; however, I take the view that equities are necessary in every portfolio and what better buying opportunity then after a big sell-off. Furthermore, especially in a global market, money will flow towards the stability of the United States.

Right now I prefer ETFs focused on dividends or preferred stock ETFs (ticker: PFF). The dividends provide an extra cushion in case more volatility. Also, I like alternative forms of fixed income. MLPs (ticker: MLPN), real estate mortgages (ticker: REM), emerging markets debt (ticker: PCY). All big yields (between 5-10%). Finally, my discounted opportunity funds. Energy (ticker: XLE) and Biotech (ticker: IBB) were crushed earlier this year and could get them at a discount.

My typical strategy is a core & satellite portfolio. Core consists of your Large, Mid, Small US equities & standard fixed income and the satellite's are more in and out opportunities to generate alpha.
 
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CP_Scouse CP_Scouse Pharma is down still down 2.5% YTD and 10.08% over 52 week period. Curious to see over the next couple weeks if there will be a sell-off/profit-taking from recent gains. Phama (throw biotech in there too) could be a opportunity play.... especially companies that are designed to keep you poppin pills
 
Okay, pork belly prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own the pork belly contracts are saying, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it.
 
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I did penny stocks one time. Only traded one stock. Bought it and gained close to 100% on it and didn't sell. I think it's still sitting in my Scott trade account and the stock is no longer around.
 
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Okay, pork belly prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own the pork belly contracts are saying, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it.
This isn't monopoly money we're playing with.
 
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3 month t-bill, the defacto "risk free" instrument, will get you richer.
Not if you consider inflation -- you may have more money, but you'll be able to buyer fewer things with it.
 
Guys -- all kidding aside, I have been a professional investor or had professional investors as clients every day of my life for the last 15 years and here is what I have learned: Buy a few low-cost passive index funds or ETFs. Don't over-diversify by buying 10 of them and don't try to time the market. People who are smarter than you, have more resources than you and spend every waking moment trying to figure out how to make money in the market are failing miserably right now. You (and I) haven't got a prayer.
 
Can any of you fine people recommend an online brokerage which allows access to securities traded on foreign exchanges? I just set up an account with Tradeking as they seem to be the most economica choice w/r/t fees, but then discovered that they are basically limited to NYSE and NASDAQ. A bunch of companies I'm interested in seem to be listed exclusively on European exchanges like LON and the Deutsche Börse, for example.
 
Can any of you fine people recommend an online brokerage which allows access to securities traded on foreign exchanges? I just set up an account with Tradeking as they seem to be the most economica choice w/r/t fees, but then discovered that they are basically limited to NYSE and NASDAQ. A bunch of companies I'm interested in seem to be listed exclusively on European exchanges like LON and the Deutsche Börse, for example.
When I used eTrade they had international trading at decent fees. It has been a few years since I was there so check before jumping in, but their international trading was one of the reasons I used them. Besides fees check any potential firm for which countries they cover. International does not mean everywhere.
PS the reason I left eTrade had nothing to do with dissatisfaction over service or fees.
 
Show me how I can make guaranteed money with 0 risk and I'm game lol.
Become a NYC Public School teacher, invest 10% of salary in fixed return TDA fund that guarantees 7% ROI thanks to the great taxpayers of NYC. Retire a multimillionaire at 55 or younger depending on if they give you a buyout. You also get a pension (if NYC is not bankrupted). Move to Florida.
 
Become a NYC Public School teacher, invest 10% of salary in fixed return TDA fund that guarantees 7% ROI thanks to the great taxpayers of NYC. Retire a multimillionaire at 55 or younger depending on if they give you a buyout. You also get a pension (if NYC is not bankrupted). Move to Florida.
It was not fun trying to explain to my mother why she should put EVERY SINGLE DOLLAR SHE CAN GET HER HANDS ON in the guaranteed 7% option.