Berkeley CSUA MOTD:Entry 51559
Berkeley CSUA MOTD
 
WIKI | FAQ | Tech FAQ
http://csua.com/feed/
2025/04/04 [General] UID:1000 Activity:popular
4/4     

2008/10/17-22 [Finance/Investment] UID:51559 Activity:kinda low
10/22   How many people here still day trade (compared to the dot-com
        days when almost everyone played)?
        \_ it's too dangerous right now.
        \_ looks like only Thu was an OpEx up day - but expectation was met
        \_ Dude, I just *started* day trading. It's an awesome environment
           to trade in. These wild, crazy swings up and down are great for
           trading! I can make $1000/day easy. I can see why some people
           get overconfident and quit their day jobs. I'm just enjoying it
           while it lasts.
           \_ What are you betting on these days? I'm too chicken so I
              only do QQQQ and DIA and I'm actually doing OK with the
              predictable fluctuations. In addition I'm trading such
              low volume that if I get screwed, I'll just hold on for
              5-20 years and will still be ok.
              \_ Just close out your position at the end of each day and
                 you'll never be screwed. I place stops to limit losses.
                 The bad part is that I miss big gaps up at open. The good
                 part is that I miss big gaps down at open.
                 \_ But you end up paying transaction fees.
                    \_ 1. I get free trades through my broker.
                       2. Even if I didn't, you think I am going to sweat
                          a $20 fee to make $1000+? It's not as many
                          trades as you think. 2-4 per day is all I need.
                          You can keep changing the stops and limits all
                          you want and it's still the same "trade" if it
                          doesn't execute.
                          \_ Doesn't the capital gains tax make your gains
                             go away for the most part?
                             \_ No more than it does for other income.
2025/04/04 [General] UID:1000 Activity:popular
4/4     

You may also be interested in these entries...
2013/1/25-2/19 [Finance/Investment] UID:54588 Activity:nil
1/25    Is there a site that tells you the % of people shorting
        on a particular stock? I'm trying to see if I can gauge
        "confidence level", that sort of thing.
        \_ http://www.nasdaq.com/symbol/intc/short-interest
           I'm not sure how to read this, I'm guessing the higher
           "days to cover" the more short activities there are?
	...
2013/1/16-2/17 [Industry/Startup, Finance/Investment] UID:54582 Activity:nil
1/16    Fred Wilson says you should focus on the cash value of your
        options, not the percentages:
        http://www.avc.com/a_vc/2010/11/employee-equity-how-much.html
        \_ Or at least, so says a VC trying increase his profit margin...
        \_ A VC wants to keep as much of the stock for themselves (and give
           as little to employees as possible).  That maximizes their return.
	...
2011/10/24-11/8 [Finance/Investment] UID:54200 Activity:nil
10/24  Another stock question. If 70% of the trades out there are bot
       high frequency traded, then what is the point of those Moody ratings?
       Is that to tailer for the other human trades?
       \_ If you have been in a poker game for a while, and you still don't
          know who the patsy is, you're the patsy.
	...
2011/10/24-11/8 [Finance/Investment] UID:54201 Activity:nil
10/24  If I trade my 401K stock on a quarterly basis (reshuffle/reallocate),
       are the gains considered capital gains?  How much is taxed on 401K gains?
       \_ You don't pay taxes on your 401k until you withdraw it.
          \_ Plus you can re-invest your gains again and again without being
             taxed first.  E.g. if you invest $1000 and gain $100, you can
             re-invest the whole $1100, without being taxed on the $100 first,
	...
2011/6/27-7/30 [Finance/Investment] UID:54131 Activity:nil
6/27    What are your favorite metal trading platform? Is Kitco any good?
        I heard that Kitco doesn't report to IRS whereas Etrade
        automatically sends info to IRS. I'm wondering what I should use.
        \_ I trade tapes on Ebay.
        \_ I buy the physical stuff from a dealer in Chinatown who does not
           even take my name, just my money.
	...
2011/2/8-19 [Finance/Investment] UID:54032 Activity:nil
2/8     Hey, are Day and Week trader guys still around?  Just curious how it's
        going.  I was also thinking of doing some largely buy-and-hold
        investing, can anyone recommend an online broker?  I was thinking of
        Fidelity because I have a 401k there, but I don't need anything fancy.
        \_ market hasn't been volatile enough. I've made a few thousand
           this year but I really miss the Bush era.
	...