1. Thank you for visiting our NYCFC forum! We invite you to REGISTER and join our growing member base in discussion! Registered members can join competitions and win monthly prizes. So what are you waiting for!? Join us! This is a great MLS community where you can discuss New York City Football Club and other MLS football teams as well as international and other domestic league teams.
  2. Use your NYCFC Forums Credits or 'Dan Bucks' to remove the ads.

    Use Credits or Become A Donor

Wall Street City: Stock trading and general investing thread.

Discussion in 'Off topic' started by 413Blue, Jun 2, 2016.

  1. 413Blue

    413Blue Active Member Seasoned Supporter

    Messages:
    2,423
    Likes Received:
    3,658
    Trophy Points:
    273
    Location:
    MA
    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?
     
    Jack likes this.
  2. Jack

    Jack Junior Member Elite Donor Seasoned Supporter

    Messages:
    347
    Likes Received:
    577
    Trophy Points:
    93
    Location:
    Manhattan
    413Blue413Blue 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.
     
    413Blue likes this.
  3. CP_Scouse

    CP_Scouse Regular Member

    Messages:
    1,899
    Likes Received:
    1,131
    Trophy Points:
    163
    Location:
    Queens
    Pharmaswuticals.
     
  4. Jack

    Jack Junior Member Elite Donor Seasoned Supporter

    Messages:
    347
    Likes Received:
    577
    Trophy Points:
    93
    Location:
    Manhattan
    CP_ScouseCP_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
     
  5. NYCFC_Dan

    NYCFC_Dan Senior Member Staff Member Seasoned Supporter

    Messages:
    6,114
    Likes Received:
    11,875
    Trophy Points:
    303
    Location:
    Tampa, Florida
    Show me how I can make guaranteed money with 0 risk and I'm game lol.
     
    Goodfella likes this.
  6. JayH

    JayH Senior Member Elite Donor Donor Seasoned Supporter

    Messages:
    4,381
    Likes Received:
    13,868
    Trophy Points:
    353
    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.
     
    Rimil and hatt91 like this.
  7. NYCFC_Dan

    NYCFC_Dan Senior Member Staff Member Seasoned Supporter

    Messages:
    6,114
    Likes Received:
    11,875
    Trophy Points:
    303
    Location:
    Tampa, Florida
    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.
     
    Gavin23 likes this.
  8. hatt91

    hatt91 Junior Member Elite Donor Seasoned Supporter

    Messages:
    172
    Likes Received:
    453
    Trophy Points:
    63
    Location:
    Upstate NY
    This isn't monopoly money we're playing with.
     
    JayH likes this.
  9. 413Blue

    413Blue Active Member Seasoned Supporter

    Messages:
    2,423
    Likes Received:
    3,658
    Trophy Points:
    273
    Location:
    MA
    3 month t-bill, the defacto "risk free" instrument, will get you richer.
     
  10. Hobo

    Hobo ¯\_(ツ)_/¯ Elite Donor Seasoned Supporter

    Messages:
    379
    Likes Received:
    629
    Trophy Points:
    93
    Location:
    Fairfield County CT & STH 227B
    Buy low. Sell high. Time tested and proven strategy.
     
    joe and mgarbowski like this.
  11. joe

    joe Senior Member Elite Donor Donor Seasoned Supporter

    Messages:
    1,997
    Likes Received:
    3,763
    Trophy Points:
    303
    Fool-proof, really.
     
  12. mgarbowski

    mgarbowski Senior Member Elite Donor Donor Seasoned Supporter

    Messages:
    9,563
    Likes Received:
    25,667
    Trophy Points:
    353
    Location:
    Queens, NY
    Best accomplished with hindsight.
     
    joe likes this.
  13. FredMertz

    FredMertz Senior Member Elite Donor Donor Seasoned Supporter

    Messages:
    1,826
    Likes Received:
    3,518
    Trophy Points:
    303
    Not if you consider inflation -- you may have more money, but you'll be able to buyer fewer things with it.
     
  14. FredMertz

    FredMertz Senior Member Elite Donor Donor Seasoned Supporter

    Messages:
    1,826
    Likes Received:
    3,518
    Trophy Points:
    303
    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.
     
  15. Keith Putnam

    Keith Putnam Senior Member Donor Seasoned Supporter

    Messages:
    1,785
    Likes Received:
    3,570
    Trophy Points:
    303
    Location:
    Astoria
    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.
     
  16. 21Architect

    21Architect Junior Member

    Messages:
    609
    Likes Received:
    860
    Trophy Points:
    93
    <------------Contrarian

    Small timer but contrarian nonetheless
     
  17. mgarbowski

    mgarbowski Senior Member Elite Donor Donor Seasoned Supporter

    Messages:
    9,563
    Likes Received:
    25,667
    Trophy Points:
    353
    Location:
    Queens, NY
    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.
     
  18. NYCFCfan

    NYCFCfan Senior Member Donor Seasoned Supporter

    Messages:
    2,621
    Likes Received:
    7,330
    Trophy Points:
    323
  19. derek_villa

    derek_villa Active Member Seasoned Supporter

    Messages:
    2,640
    Likes Received:
    4,887
    Trophy Points:
    273
    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.
     
  20. FredMertz

    FredMertz Senior Member Elite Donor Donor Seasoned Supporter

    Messages:
    1,826
    Likes Received:
    3,518
    Trophy Points:
    303
    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.
     
    adam, joe and derek_villa like this.

Share This Page