Texz
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merry christmas and a happy healthy new year....
Market down 500 points + yesterdays 75...bought banks again.
The banks moved up too quick in 2 days...shorted them tueday afternoon and sold before close for a nice profit. I will sit on the sidelines with all cash for now.
OK Crystal this message is for you...u wanna learn to make money trading...check out the posts and ask questions :)....Ban0
Sold all the stock this morning, that i bought friday...for a 40% return in 1 day. Will wait to get back in on any major dips. Read what I wrote the post below...far as i'm concerned the bank stocks are the place to be.
I don't see the market going much below 8000, so I will call this the bottom..that means that if u buy stocks for your real life accounts you can't loose...this is a once in a lifetime opportunity IMO. I'm buying bank stocks, C, BAC, WB, WFC, for 3 reasons. 1. The government is pumping money into the banks...for good reason...we would cease to be a super power if our banking system failed. 2. they are on the most active list...that means that the big money is trading these stocks. 3. When the bank stocks start moving up they will move fast and make u a lot of money. If u saw the market on friday move up and down 1,000 points 3 times u will understand what I already know...that the market is minipulated by the big players with the big money...to make money, you have to learn to trade with them...it's that simple. Long term investing is an idea sold to main street, the big players on wall street know that being a trader is the only way to make a lot of money. On main street your told that it will be 3-4 years before u recover the 30-40% lose u suffered this past year, on wall street many traders made 30-40% this past friday.
Congrats on being green in this uncertain economy!
Hey, where'd ya go? You haven't moved much lately, but with the market the way it is I see why. have a great day.
Hey, where'd ya go? You haven't moved much lately, but with the market the way it is I see why.
have a great day.
bac is at top for now and leh is going south
HI Tex, Great Portfolio, you should trade for a living. I am slowly learning the ins and outs of trading. But, you have done very well, and I commend you for it. Best, Paul
HI Tex,
Great Portfolio, you should trade for a living. I am slowly learning
the ins and outs of trading. But, you have done very well,
and I commend you for it.
Best,
Paul