Day trading

[Gaucho]

Yeh, that post of my was before the emergency rate cut. Still the fiscal stimulus package going to be released by Bush.

However, if you are talking long-term fundamentals, the US is FUKCED!

Stagflation anyone? IRs are used to directly target inflation, which is growing, namely because of higher energy prices, now add to that a decreased cash rate in a time of slowdown and possibly recession. And you have a BIG BIG problem!

I hope to god there is a short rally so I can cut some losses and get some more cash out!

However, I beleive this is a short term fix and the slide will continue!

 

[Bible_Belt]

fundamentals, news, blah blah blah

Are there no technical analysts still around? The chart-reading guys who don't care about the why of things? Alan Farley at www.hardrightedge.com is one weathered old chart-reading trader who has been around through many markets. I've chatted with the guy on siliconimvestor.com through the 90's and he is a genuine soul among snake oil sellers. I am guessing that there are different ways to make money, even though most traders still lose their ass.

 

[Rhoto]

However, if you are talking long-term fundamentals, the US is FUKCED!

More cash out? Are you nuts? The last thing this country needs to be doing is printing more legally (not materially) backed currency. And if more cash is injected into the money supply, namely house holds, do you really think they're gonna spend it?

Our National Public debt grows by 1.67 billion per day, so in reality all things pale in comparison. The estimated population of the United States is 304,083,935 so each citizen's share of this debt is $30,264.86.


And how about that rate cut today? =) And yes, buy, if thats your thing.

 

[Celadus]

Why be scared of a zero sum game? Just make sure you win. The stock market really isn't a zero sum game.

Claiming you've seen P&Ls doesn't mean much. There are a lot of sketchy shops out there. Try looking at P&Ls of one of the top 5 like Echo, Kershner, Bright or a few others. You see a different picture. A lot of prop shops are just out to scam.

You don't hear about wealthy day traders because you can't day trade with a lot of money unless its in futures. There is more to daytrading than scalping. At my firm, we do whatever we want to make money. Some guys have 40 million in equity set up for long-term investing, some guys buy 2000 shares of GE at a time and look to make 5 cents on it.

A lot of people dismiss things they can't do or don't understand.

Bible, I like charts. I'm big on trends.

 

[Gaucho]

More cash out? Are you nuts?

Huh? I said get more of MY cash out of the stockmarket.

 

[Rhoto]

Huh? I said get more of MY cash out of the stockmarket.

Woops.

::Sheepish::

My bad.

 

[Gaucho]

fundamentals, news, blah blah blah

most traders still lose their ass.

It appears most do! I used to trade, but have since adapted to a longer term view, and make much more implementing the latter.