Official Short-term Investments Thread

[littledan]

So WTI is below $46 today and all of a sudden companies like baytex and CPG are up like 3-6%????

anyone know what is driving that? The saudi king kicking the bucket?

[ercchry]

i dunno whats doing it, but im loving that my portfolio is up 6% today :bigpimp:

[BigMass]

Originally posted by ercchry
i dunno whats doing it, but im loving that my portfolio is up 6% today :bigpimp:
http://www.conservative.ca/media/team/35019.jpg
http://a3.files.biography.com/image/upload/c_fill,dpr_1.0,g_face,h_300,q_80,w_300/MTIwNjA4NjM0MjUyODU0Nzk2.jpg
http://www1.adnkronos.com/IGN/Assets/Imgs/D/draghi_mario_Xin1--400x300.jpg
http://jewishbusinessnews.com/wp-content/uploads/2014/12/Shinzo_Abe_cropped.jpg

[BavarianBeast]

Originally posted by themack89
Don't average down. It's typically bad trading practice. I try and avoid it.

Yea.... OOOOOOOOOK...:rolleyes:

[ercchry]

Originally posted by BavarianBeast


Yea.... OOOOOOOOOK...:rolleyes:

to be fair he trades things that expire... which can get pretty ugly if you end up doubling and tripling positions and they dont recover in time

[max_boost]

Originally posted by themack89
Don't average down. It's typically bad trading practice. I try and avoid it. In my limited trading experience I think I gotta agree with this.

[BigMass]

people misunderstand the concept of dollar cost averaging and assume that it's the same as averaging down, which it's not. Averaging down is one of the most terrible things you can do when it comes to investing/trading etc.

[pfis300]

My employer Newalta O&G company (TSX: NAL) would be a good 1-2 year investment.

Just sayin.

[roopi]

Originally posted by pfis300
My employer Newalta O&G company (TSX: NAL) would be a good 1-2 year investment.

Just sayin.

Care to elaborate why you beleive this?

[themack89]

Originally posted by BavarianBeast


Yea.... OOOOOOOOOK...:rolleyes:

I don't understand this comment.

Do you have something to say?

[themack89]

Posted an update to the blog folks.

Hit new high for portfolio, 60% return since inception (240% annualized, but this pace isn't sustainable).

http://naturalfinancial.com


60% Return, Dinged Sharpe Ratio in the Process

January 25, 2015/Performance Positions /No Comments

I have slighted away from my initial concept to have around 5 open positions and trade around them, but I think I am going to make an effort to return to that. In the past few weeks I have experienced significant volatility in overall P&L but, despite it working out quite well for me and reaching a new high of 60% return since inception, my Sharpe ratio has taken a significant hit–and this isn’t a healthy direction to go. So I will try to focus on spreading out positions once again, and reducing size.

...ctd

[CompletelyNumb]

I averaged down my NFK from about 13 cents to 6 cents. Seems no less reasonable than all the flush chasing I do in poker tourneys. :bigpimp:

[BavarianBeast]

Originally posted by themack89


I don't understand this comment.

Do you have something to say?

.

[BavarianBeast]

Originally posted by themack89


I don't understand this comment.

Do you have something to say?

Need I say anything?

The stupidity of your post is pretty self explanatory. Why give advice to people if it is just garbage?

Claiming averaging down is bad trading practice and that he should not do it is a pretty bold statement. I can think of hundreds of times where averaging down did, or would have benefited me if I had the cash available to.

My latest example is Canacol, averaged down to $2 and sitting on over 50% gain now.

If something has fallen lower than what it's worth, it's pretty stupid not to average down if you have the cash flow.

[themack89]

Originally posted by BavarianBeast


Need I say anything?

The stupidity of your post is pretty self explanatory. Why give advice to people if it is just garbage?

Claiming averaging down is bad trading practice and that he should not do it is a pretty bold statement. I can think of hundreds of times where I

My latest example is Canacol, averaged down to $2 and sitting on over 50% gain now.

If something has fallen lower than what it's worth, it's pretty stupid not to average down if you have the cash flow.

My apologies for being an idiot. You are right.

You need to learn the difference between Scaling In and Averaging Down though, bud.

Don't get me wrong, I'm happy you made a good trade in this environment, when most people are losing. But how have you fared over the long term using this strategy? Did you try this strategy on a stock like, ohhhh say, Penn West?

When it doesn't work, its catastrophic... Like, you won't make it back. That is why it's bad trading practice.

[BavarianBeast]

I just think that it was poor advice. If I was an beginning investor and someone had told me that information I likely would of taken it and just sat on the stock.

I think the proper response would of been for the guy to do a proper analysis on the stock he is planning on averaging down. Why did the stock fall in price to begin with? What does the next 10 years look like for the company? Often it is a no-brainer that you should be adding to your nest.

When it doesn't work, it's clearly because you didn't value the company properly. Penn west, really? There is a difference between buying a failing company and a company whos stock is falling due to market conditions..

[roopi]

Originally posted by BavarianBeast
There is a difference between buying a failing company and a company whos stock is falling due to market conditions..

:rofl: Take a look at a 5 year chart. It's not falling due to market conditions.

[BavarianBeast]

Originally posted by roopi


:rofl: Take a look at a 5 year chart. It's not falling due to market conditions.

That was my point..

[themack89]

Originally posted by BavarianBeast
I just think that it was poor advice. If I was an beginning investor and someone had told me that information I likely would of taken it and just sat on the stock.

I think the proper response would of been for the guy to do a proper analysis on the stock he is planning on averaging down. Why did the stock fall in price to begin with? What does the next 10 years look like for the company? Often it is a no-brainer that you should be adding to your nest.

When it doesn't work, it's clearly because you didn't value the company properly. Penn west, really? There is a difference between buying a failing company and a company whos stock is falling due to market conditions..

You're making a lot of counter logical statements. You say if you were a 'beginning investor' and then follow up with 'proper analysis', '10 year forecast', 'why did it fall?' (you never know the whole picture), and its 'clearly because your valuation was wrong'. A beginning investor isn't going to be able to evaluate these things anyways. Using Penn West also serves as a great example in this regard: what if I'm new and I evaluated Penn West @ $20 as a great buy? Because I know A LOT of people had done exactly that.

You are also ignoring that a lot of success in trading and investing is more around your position management and risk management, which is essentially what this question is asking.

Some of the most brilliant stock and economy analyzers I have met OFTEN get completely blown out of their trades because they averaged down. They had total conviction in their ideas but failed to consider that they have no idea when it's going to pan out. Suffice to say, they had no more bullets left in their gun and had to close out, only to watch their former positions explode in value at a later date.

Averaging Down is different than scaling in. Averaging Down means you're pretty much adding to a "full position" because it hasn't gone your way. Scaling In means to build your position in pieces, AKA having bullets in your gun to fire. Your common retail investor usually has their "full" position and then they continue to add to it, a recipe for disaster, because you are risking squeezing yourself tighter and tighter until you just break down and close out.

I say to beginning investors, if you believe in this trade, why hold on it it while it falls? Sell ALL of it, put your money somewhere else useful in the mean time, and then re-evaluate at a later date when it starts to look more healthy.

[icky2unk]

Originally posted by themack89


You're making a lot of counter logical statements. You say if you were a 'beginning investor' and then follow up with 'proper analysis', '10 year forecast', 'why did it fall?' (you never know the whole picture), and its 'clearly because your valuation was wrong'. A beginning investor isn't going to be able to evaluate these things anyways. Using Penn West also serves as a great example in this regard: what if I'm new and I evaluated Penn West @ $20 as a great buy? Because I know A LOT of people had done exactly that.

You are also ignoring that a lot of success in trading and investing is more around your position management and risk management, which is essentially what this question is asking.

Some of the most brilliant stock and economy analyzers I have met OFTEN get completely blown out of their trades because they averaged down. They had total conviction in their ideas but failed to consider that they have no idea when it's going to pan out. Suffice to say, they had no more bullets left in their gun and had to close out, only to watch their former positions explode in value at a later date.

Averaging Down is different than scaling in. Averaging Down means you're pretty much adding to a "full position" because it hasn't gone your way. Scaling In means to build your position in pieces, AKA having bullets in your gun to fire. Your common retail investor usually has their "full" position and then they continue to add to it, a recipe for disaster, because you are risking squeezing yourself tighter and tighter until you just break down and close out.

I say to beginning investors, if you believe in this trade, why hold on it it while it falls? Sell ALL of it, put your money somewhere else useful in the mean time, and then re-evaluate at a later date when it starts to look more healthy.

While great advice I would argue there is no right answer.

On the contrary anyone who decided to average down in 08 would be sitting pretty. Everyone's risk and time horizon is different so no strategy should be set in stone for anyone.

Personally I've been bit by many strategies but you live and learn and adjust. Part of the learning experience is making mistakes.

[icky2unk]

Originally posted by roopi


:rofl: Take a look at a 5 year chart. It's not falling due to market conditions.

nvm looking at diff stocks

[killramos]

So..... LRE....

:banghead:

[troyl]

^ WOW!
Can't see anything material... Dundee snipped their target to $0.50 this morn.

:cry: :cry:

[tha_bandit]

LRE WTF!

[ercchry]

was told to gtfo of LRE a couple weeks ago... should of listened... at least they still have their dividend... for now :cry:

[woodywoodford]

Originally posted by themack89


You're making a lot of counter logical statements. You say if you were a 'beginning investor' and then follow up with 'proper analysis', '10 year forecast', 'why did it fall?' (you never know the whole picture), and its 'clearly because your valuation was wrong'. A beginning investor isn't going to be able to evaluate these things anyways. Using Penn West also serves as a great example in this regard: what if I'm new and I evaluated Penn West @ $20 as a great buy? Because I know A LOT of people had done exactly that.

You are also ignoring that a lot of success in trading and investing is more around your position management and risk management, which is essentially what this question is asking.

Some of the most brilliant stock and economy analyzers I have met OFTEN get completely blown out of their trades because they averaged down. They had total conviction in their ideas but failed to consider that they have no idea when it's going to pan out. Suffice to say, they had no more bullets left in their gun and had to close out, only to watch their former positions explode in value at a later date.

Averaging Down is different than scaling in. Averaging Down means you're pretty much adding to a "full position" because it hasn't gone your way. Scaling In means to build your position in pieces, AKA having bullets in your gun to fire. Your common retail investor usually has their "full" position and then they continue to add to it, a recipe for disaster, because you are risking squeezing yourself tighter and tighter until you just break down and close out.

I say to beginning investors, if you believe in this trade, why hold on it it while it falls? Sell ALL of it, put your money somewhere else useful in the mean time, and then re-evaluate at a later date when it starts to look more healthy.

I think whats being completely overlooked here is that we have people debating this with different portfolio strategies. Whether or not the company is a good investment isn't really relevant since a textbook discussion has to assume the trade is already decided to be prudent.

Short term investors are interested in not moving the market so that they don't price out their profitability. So they scale in and would never dollar down because the short term price weaknesses are something they actively play.

Long term investors don't care about short term price fluctuations and are in it for, well, the long term. So they dollar down whenever the prices fall in an effort to have a low cost basis in 10 or 40 years. It all has to do with the investors time frame.

[themack89]

I agree with woody and icky.

I can (and will) admit that my perspective has a ton of short term trading bias.

But then again, this is the Official Short-term Investments Thread. :burnout:

[icky2unk]

Originally posted by themack89
I agree with woody and icky.

I can (and will) admit that my perspective has a ton of short term trading bias.

But then again, this is the Official Short-term Investments Thread. :burnout:

I guess that is the key thing however it seems as if this is just the general thread now hah.

[BavarianBeast]

Originally posted by woodywoodford


I think whats being completely overlooked here is that we have people debating this with different portfolio strategies. Whether or not the company is a good investment isn't really relevant since a textbook discussion has to assume the trade is already decided to be prudent.

Short term investors are interested in not moving the market so that they don't price out their profitability. So they scale in and would never dollar down because the short term price weaknesses are something they actively play.

Long term investors don't care about short term price fluctuations and are in it for, well, the long term. So they dollar down whenever the prices fall in an effort to have a low cost basis in 10 or 40 years. It all has to do with the investors time frame.

Bingo, I agree.

People also have different interpretations of what long term/short term is.

For me, my long term investments are my farm, house, condo.. Short term to me is anything I plan to sell in the next 10 years :dunno:

[killramos]

Originally posted by BavarianBeast


Bingo, I agree.

People also have different interpretations of what long term/short term is.

For me, my long term investments are my farm, house, condo.. Short term to me is anything I plan to sell in the next 10 years :dunno:

:werd: There is more to short term investing than Day Trading.

Should we start a day trading thread :rofl:

[themack89]

Why is everyone so quiet lately. This is usually a fun thread to read :(

[ercchry]

can someone buy my WCP april calls please? $8 strike... i just want to close for a 20% yield but there is no volume :cry:

[icky2unk]

Originally posted by ercchry
can someone buy my WCP april calls please? $8 strike... i just want to close for a 20% yield but there is no volume :cry:

I'll give you $4.25/share lol

[ercchry]

Originally posted by icky2unk


I'll give you $4.25/share lol

$4.25 premium per share? SOLD! :rofl:

[icky2unk]

Originally posted by ercchry


$4.25 premium per share? SOLD! :rofl:

haha damn I didn't specify... am i contractually obligated now lol :P

[ercchry]

Originally posted by icky2unk


haha damn I didn't specify... am i contractually obligated now lol :P

looks like im getting that new audi after all this year :bigpimp:

EDIT: whoops, thats actually a fair deal on a $8 strike... mixed it up with my RRX ones... these are $12 strikes

[icky2unk]

Bought some more CJ today.

Didn't realize this guy has a great track record.. Sold first company to CPG 7 years ago and second company to WCP 3 years ago.

Impresive.

[you&me]

Originally posted by icky2unk
Bought some more CJ today.

Didn't realize this guy has a great track record.. Sold first company to CPG 7 years ago and second company to WCP 3 years ago.

Impresive.

And he's built and sold three more... Very impressive track record indeed and I like the way they target assets.

[ercchry]

Originally posted by ercchry
can someone buy my WCP april calls please? $8 strike... i just want to close for a 20% yield but there is no volume :cry:

yeah... so im not awake today (as you could tell with the wrong strike price).... had my limit set too high, thats why they were not selling... but it worked out since they finally hit it and that was a net yield of 28% :D

[themack89]

errchry you would love NG futures options..

10,000 multiplier :poosie: ... saves $$$$ on commissions because don't gotta take as much volume.

mid points get filled instantly too :D

I got a 3 contract strangle open for march, 2.70p 3.00c... $8,500 cost basis haha

[ercchry]

Originally posted by themack89
errchry you would love NG futures options..

10,000 multiplier :poosie: ... saves $$$$ on commissions because don't gotta take as much volume.

mid points get filled instantly too :D

my only account now is my TFSA with questrade, so that kind of limits me... plus options are enough leverage, the f/x days didnt go too well, 3 months of trading options erased ~4 years of f/x losses so im going to keep on doing this :rofl:

[themack89]

Originally posted by ercchry


my only account now is my TFSA with questrade, so that kind of limits me... plus options are enough leverage, the f/x days didnt go too well, 3 months of trading options erased ~4 years of f/x losses so im going to keep on doing this :rofl:

I think you'd fare much better in the long run opting out of TFSA, I put some thought into it.. It's just tradeoffs right, and really contingent upon your marginal tax bracket from your regular income.

To me, getting taxed at marginal rate on 50% of your gains is a fair price to pay for the added amount of freedom going non-TFSA. No effing way could I generate the returns I am in a TFSA. No effing way.

[ercchry]

Originally posted by themack89


I think you'd fare much better in the long run opting out of TFSA, I put some thought into it.. It's just tradeoffs right, and really contingent upon your marginal tax bracket from your regular income.

To me, getting taxed at marginal rate on 50% of your gains is a fair price to pay for the added amount of freedom going non-TFSA. No effing way could I generate the returns I am in a TFSA. No effing way.

yeah i was thinking about that last night actually, with the added leverage of a margin account i think i'd be ahead... but like i said im still green to this type of trading and what i really like about the TFSA is that i cant get emotional and dump in more capital whenever i please and thats what i really need to work on. this is more of a trial with just a bit of fun money and if it goes well i might open another account and put some big boy money into it

[GT.....O?]

BBI is set to release thier results from thier first two wells on their big land acquisition soon... Anyone else buying in?

Company insider just bought 800,000 shares last week at around 23-24 cents/share..... That's roughly 150 grand.... Must be a good sign.

I bought in late last year a good price. I have high hopes for this stock. Taking a pretty big gamble on it.

[BavarianBeast]

Originally posted by GT.....O?
BBI is set to release thier results from thier first two wells on their big land acquisition soon... Anyone else buying in?

Company insider just bought 800,000 shares last week at around 23-24 cents/share..... That's roughly 150 grand.... Must be a good sign.

I bought in late last year a good price. I have high hopes for this stock. Taking a pretty big gamble on it.

Good luck man! I took a small position on them as well around 23 cents, hoping to see at least a 2 bagger after the results.

[riander5]

Cant seem to find info on their website on when they were drilled? Where did you guys find the info on impending well results?

[riander5]

nm found it in their q1 2015 release

[troyl]

Originally posted by BavarianBeast


$3 today..

Not too late to catch it before they release clarinete results :devil:

Results look great! What will tomorrow bring?

No position :cry:

[sabad66]

Nice! I took a small position after Bavarian's post lol. Thanks

Hoping for at least $4 tomorrow. Is it worth holding for a bit longer or should i cash out for a quick profit? decisions decisions

[BavarianBeast]

Originally posted by troyl


Results look great! What will tomorrow bring?

No position :cry:

They are actually way better than I expected. Pretty excited to see what this morning brings. Should pop at least 20%+.


Originally posted by sabad66

Nice! I took a small position after Bavarian's post lol. Thanks

Hoping for at least $4 tomorrow. Is it worth holding for a bit longer or should i cash out for a quick profit? decisions decisions

Hopefully you did your DD too! $4 is easy. It's up to you, but I am long canacol. I've held them for 2 years now and only sold half my position when the stock was above $8. I think it's a $10 stock eventually, at least.

[sabad66]

^ Yes for sure. Actually one of my good friends has been long in them and pumping for them for a while to me too so i was right on the brink, your post just tipped me over the edge to buy :thumbsup:

It opened at 4 but didn't hold very long and now its hovering around 3.60. Hoping it's just the day traders flipping for a quick profit and it will get back up to 4+ within the next few days.

[pfis300]

Originally posted by roopi


Care to elaborate why you beleive this?


We are the only company in the world who has created a large-scale - efficient tailings recovery process for the oilsands tailings management programs.


We have sustained long-term permanent facilities to separate out slop oil around southern alberta/sask as well as many mobile "on-site" facilities to handle solids recovery.

We currently have the largest tailings recovery (centrifuge) process set up at Syncrude mine (which is owned and operated by us), as well we just completed construction, comminssioning and beginning operations on the Shell Albian Sands tailings project where Shell has laid the ground work and wiring for us to expand our facility 4x bigger than it currently is. We are currently operating stage 1 of our plant (which holds 2/10 centrifuges) and we are about to commission #'s 3 and 4).

Current Status:
9 Centrifuges at Syncrude
2+2 Centrifuges at Shell

Syncrude also has 50 of our operators at their new 3+ billion dollar centrifuge facility that is nearing completion. We have been signed onto the commissioning contract and soon will sign the 1-3 year operations contract for this facility. Which will serve as the largest+most efficient tailings recovery in the oil sands.

We just sold our useless and cost-eating Industrial Division to a equity firm for 300 million to free up money for our new markets division.

Between all our long-term facilities, on-site mobile facilities and our new monopoly on Tailings recovery in the oil sands (with Suncor looking forward at our process as well) ... we are in good standing to be back at our 52wk high sooner than most and are prepared to advance even higher.

IMO.

[themack89]

Hey guys, I just made my first trade in Milk Class III futures.

I am really excited and just had to tell someone.

PS Good trade Bavarian (I never doubted your trading ability from our previous discussion) :poosie:

[ercchry]

Originally posted by pfis300



We are the only company in the world who has created a large-scale - efficient tailings recovery process for the oilsands tailings management programs.


We have sustained long-term permanent facilities to separate out slop oil around southern alberta/sask as well as many mobile "on-site" facilities to handle solids recovery.

We currently have the largest tailings recovery (centrifuge) process set up at Syncrude mine (which is owned and operated by us), as well we just completed construction, comminssioning and beginning operations on the Shell Albian Sands tailings project where Shell has laid the ground work and wiring for us to expand our facility 4x bigger than it currently is. We are currently operating stage 1 of our plant (which holds 2/10 centrifuges) and we are about to commission #'s 3 and 4).

Current Status:
9 Centrifuges at Syncrude
2+2 Centrifuges at Shell

Syncrude also has 50 of our operators at their new 3+ billion dollar centrifuge facility that is nearing completion. We have been signed onto the commissioning contract and soon will sign the 1-3 year operations contract for this facility. Which will serve as the largest+most efficient tailings recovery in the oil sands.

We just sold our useless and cost-eating Industrial Division to a equity firm for 300 million to free up money for our new markets division.

Between all our long-term facilities, on-site mobile facilities and our new monopoly on Tailings recovery in the oil sands (with Suncor looking forward at our process as well) ... we are in good standing to be back at our 52wk high sooner than most and are prepared to advance even higher.

IMO.

FINE Dallas... i just grabbed 100 shares @$14.79... happy?! god... :poosie:

[pfis300]

Originally posted by ercchry


FINE Dallas... i just grabbed 100 shares @$14.79... happy?! god... :poosie:

You've got more fun coupons to spend than that.

But for now - charnskeet is in the lead.

[ercchry]

Originally posted by pfis300


You've got more fun coupons to spend than that.

But for now - charnskeet is in the lead.

only a few right now, just added to a few positions after receiving a giant book of "light reading" from some oil guy i know yesterday ;)

[pfis300]

Originally posted by ercchry


only a few right now, just added to a few positions after receiving a giant book of "light reading" from some oil guy i know yesterday ;)

Penn West and Savanna are in the dumps right now.. Penn West seems to be putting a bunch of effort into sustaining for the harsh times - I think growth will come for them once they balance out.

Both are down like 80% from 52wk high... hhmmmmmmmm

[ercchry]

Originally posted by pfis300


Penn West and Savanna are in the dumps right now.. Penn West seems to be putting a bunch of effort into sustaining for the harsh times - I think growth will come for them once they balance out.

Both are down like 80% from 52wk high... hhmmmmmmmm

stay away from penn west... but yeah there is opportunity out there for sure

[pfis300]

Originally posted by ercchry


stay away from penn west... but yeah there is opportunity out there for sure

where are you shooting at company wise for the downturn?

[ercchry]

Originally posted by pfis300


where are you shooting at company wise for the downturn?

the ones with the least leverage and best hedging... penn west does NOT fit that model :rofl:

CJ is really solid, so is SES, EFX, then FRC and WRG... was also told that TBE is looking really good too, which also has a really solid dividend. its been a while but if we all get together again soon i'll bring this outlook i was given yesterday if you want

[pfis300]

Originally posted by ercchry


the ones with the least leverage and best hedging... penn west does NOT fit that model :rofl:

CJ is really solid, so is SES, EFX, then FRC and WRG... was also told that TBE is looking really good too, which also has a really solid dividend. its been a while but if we all get together again soon i'll bring this outlook i was given yesterday if you want

Yees yees.


Thoughts on GPRO? Down from 98.47 to 51.... figure they might come back up to 70+ once this whole go-pro drone thing launches out

[ercchry]

i dont follow too much tech to be honest

[Cos]

.

[icky2unk]

Deciding whether today is a good day to layer into some of my positions.

Been sitting sidelined for a while.

[civic_rida]

Oil below 44:drama:

[GT.....O?]

BBI continues to climb!!! Loving it. And their results still not out yet.

**knock on wood**

[ercchry]

re-bought some wcp contracts when they took a dive wednesday afternoon... woke up to see they were up 45%, cashed out... get to work to see they just kept climbing :cry:

[themack89]

Originally posted by ercchry
re-bought some wcp contracts when they took a dive wednesday afternoon... woke up to see they were up 45%, cashed out... get to work to see they just kept climbing :cry:

That kinda stuff hurts worse than a losing trade

I took off 5 contracts of that crude differential trade.. sailed up 80 or 90 cents above my exit. Left $4k+ profit on the table lol (a decent chunk of change for me)

[ercchry]

wish i was in on that shake shack IPO :nut:

[woodywoodford]

hey errchy what do you use to watch options prices? I haven't been too impressed with questrades UI there

[themack89]

Originally posted by woodywoodford
hey errchy what do you use to watch options prices? I haven't been too impressed with questrades UI there

ThinkOrSwim is fucking wicked for learning how to do options, get a free account going there.

If u actually want to trade them I'd say interactive brokers. But Karen, the super options trader (from $10k to $300mm) does all her stuff on ThinkOrSwim. :burnout:

[woodywoodford]

^^ which one do you use?

[CompletelyNumb]

He uses IB.

I'm probably switching from Questrade. Getting tired of the interface. Slow, bulky yet short on features. :dunno:

[ercchry]

Yeah, Questrade sucks.. but im usually just keep an eye on the stock itself while trading options

[riander5]

Originally posted by themack89


ThinkOrSwim is fucking wicked for learning how to do options, get a free account going there.

If u actually want to trade them I'd say interactive brokers. But Karen, the super options trader (from $10k to $300mm) does all her stuff on ThinkOrSwim. :burnout:

Just registered for the paper money. Was wanting to get into / learn about options. Thanks for the heads up

[riander5]

Damn it I cant download software onto my work computer!! Guess this will have to be a 100% home time project haha

[CompletelyNumb]

Just run it at home and tunnel to your house from work :p

[e36bmw///]

nm

[killramos]

Good couple days for PWT here, anyone capitalize or still to afraid?

[ercchry]

Great morning... do i cut and run, or are we going to see more gains? hrm...

[BavarianBeast]

Thinking about finally taking a big position with CJ. Anybody else plan on holding them for a year or two?

[killramos]

Originally posted by BavarianBeast
Thinking about finally taking a big position with CJ. Anybody else plan on holding them for a year or two?

If i could free up some capital thats what i would do. So much to like with Cardinal...

[GQBalla]

go PWT.

[ercchry]

Being up 18% on CJ in ~3 weeks makes it a tempting sell... but they are so solid i think i'll hold on a bit longer

[themack89]

Seems to me like more of a traders market.. Not so much buy and hold.

[-relk-]

Was eyeing COS last Friday at ~6.50, really disappointed in myself for not taking the plunge.

Live and learn I guess. On a positive note made a personal best in the market yesterday, despite not owning any Oil holdings.

Been on the sidelines for Oil for a while now, think I will continue to wait until March/April before I pick any up in hopes the summer brings about a price increase alongside the demand increase that usually happens in the summer.

[mr2mike]

Oil prices up only because of a strike at refineries.

Seems, like an artifical way to raise prices for the short term gain. Strike resolves and back to oversupply.

HOD but too afraid.

[themack89]

Originally posted by mr2mike
Oil prices up only because of a strike at refineries.

Seems, like an artifical way to raise prices for the short term gain. Strike resolves and back to oversupply.

HOD but too afraid.

I bought a 45 April put on crude.. tapped out otherwise.

[ercchry]

Originally posted by mr2mike
Oil prices up only because of a strike at refineries.

Seems, like an artifical way to raise prices for the short term gain. Strike resolves and back to oversupply.

HOD but too afraid.

i dont get it.... if no oil is being refined would that not add to the over supply?

either way... went from 1% liquid in my account on thursday to 25% liquid today... hope it keeps up for the week so i can get out of a few more positions then sit back and wait for the correction

[mr2mike]

Originally posted by ercchry


i dont get it.... if no oil is being refined would that not add to the over supply?


There's still oil being supplied but it's not in a useable state. The useable oil is being used up and nothing is replacing it until strike is over.
Or that's my take.

[max_boost]

Nice spike today!

[icky2unk]

Just sold my 30k shares at 91 cents for TBE... going to bank on shitty inventories tomorrow.

If not still made 40% in a week! Not a bad trade!

[ercchry]

really wish i didnt drop SES at $16.50 today :banghead:

[icky2unk]

Originally posted by ercchry
really wish i didnt drop SES at $16.50 today :banghead:

Secure is a great company too. But hey who knows what tomorrow holds. This has happened before and reversed instantly!

[ercchry]

Originally posted by icky2unk


Secure is a great company too. But hey who knows what tomorrow holds. This has happened before and reversed instantly!

yeah, i picked SES and RRX to sell today as a sort of hedge on tomorrow... now if only BAD can go up one more dollar and today will be just perfect

[icky2unk]

Originally posted by ercchry


yeah, i picked SES and RRX to sell today as a sort of hedge on tomorrow... now if only BAD can go up one more dollar and today will be just perfect

I've got WCP/RRX left.. thinking of putting a stop loss on them before tomorrow. Just in case hah.

Or maybe I'll buy the double bear for a couple days hah

[ercchry]

WRG just ripped up to $5.84, so dumped that too... might look at dumping half of my TBE if it hits even before the day is out... then i think im done for the day, CJ is really tempting to dump though, at a 25% yield now

[Red@8]

Originally posted by icky2unk
Just sold my 30k shares at 91 cents for TBE... going to bank on shitty inventories tomorrow.

If not still made 40% in a week! Not a bad trade!

I just dumped my TBE as well at 0.90. You did better than me but I'm certainly not complaining.

[Manhattan]

LEG up 24%. WTF

[icky2unk]

Originally posted by Red@8


I just dumped my TBE as well at 0.90. You did better than me but I'm certainly not complaining.

Take it while you can right!

Every win counts!