Anybody investing in the stock market right now?

TJJJ · #1 02-04-2009, 11:10 PM

I am a stock market junkey. Are there any other AFAers that invest in the market on a continual basis and trade using any of the platforms like Share builder, Scottrade or others. I am intersested in trading strategies.

Jaxon · #2 02-04-2009, 11:21 PM

I'm in, have been most of the time since about 1995 or1996. Use the platform provided at work. Have exhanged funds long ago & that was because we had changed companies.

My philiosophy.............aggressive..........still investing..........too late to sell now.

heard this and like it......roller coasters and stock markets.........nobody gets hurt except those who jump out on the way down.

gloryseeker · #3 02-04-2009, 11:35 PM

Quote:

Originally Posted by TJJJ

I am a stock market junkey. Are there any other AFAers that invest in the market on a continual basis and trade using any of the platforms like Share builder, Scottrade or others. I am intersested in trading strategies.

Yeah, I'm in...great time to buy. I trade through Scott Trade and have a great system to follow. Have you heard of the Holy Spirit

Just bought 6700 shares of a company that just filed bankruptcy....

Praxeas · #4 02-05-2009, 12:16 AM

what about the forex?

CAD/JPY · #5 02-05-2009, 12:20 AM

Currencies, stocks, options. I like CHB under 50 cents, AIG at $1 and then sell covered calls on the 2011 LEAPS strike $2.50, and currently trading around 35 cents (lower your cost to 65 cents). Soooo many beaten down companies, but one needs to be ready to ride out the storm.
For conservative traders, I like BMO, a strong Canadian bank, paying a 8% dividend! Do the math on that one, low risk at these prices, as long as the dividend holds....

pelathais · #6 02-05-2009, 12:25 AM

Quote:

Originally Posted by TJJJ

I am a stock market junkey. Are there any other AFAers that invest in the market on a continual basis and trade using any of the platforms like Share builder, Scottrade or others. I am intersested in trading strategies.

Oh yeah. I gotta good feeling about that Citibank stock I was given 10 years ago. It's gonna come back! C'mon baby, climb back in there!

pelathais · #7 02-05-2009, 12:27 AM

Quote:

Originally Posted by Praxeas

what about the forex?

A friend at work was showing me this Forex "robot" trading system. He bought the package ($150.00). He's playing with pretend money right now to test it out. I'm watching over his shoulder.

CAD/JPY · #8 02-05-2009, 12:37 AM

I've traded FX for years. Tell your friend, that every robot has a weakness, and he needs to ask or know what his is, before he uses real money. So many of those robot systems are sold using historical data, but when tested real time... they fail! If you know forex, you know that on news events FX can move 100 pips in a few seconds... well, guess what... your backtested robot system shows that you got a signal, and caught the trade. BUT in reality, you never even got filled, or where filled so far away from the backtested fill that it will totally change the system. Also, if it is a scalping program, many dealers won't allow the same fills in real time as when demo tested... MT4 systems are a great example of this.

Bowas · #9 02-05-2009, 01:18 AM

Quote:

Originally Posted by CAD/JPY

I've traded FX for years. Tell your friend, that every robot has a weakness, and he needs to ask or know what his is, before he uses real money. So many of those robot systems are sold using historical data, but when tested real time... they fail! If you know forex, you know that on news events FX can move 100 pips in a few seconds... well, guess what... your backtested robot system shows that you got a signal, and caught the trade. BUT in reality, you never even got filled, or where filled so far away from the backtested fill that it will totally change the system. Also, if it is a scalping program, many dealers won't allow the same fills in real time as when demo tested... MT4 systems are a great example of this.

I still prefer EUR/JPY.

Sherri · #10 02-05-2009, 07:14 AM

Quote:

Originally Posted by TJJJ

I am a stock market junkey. Are there any other AFAers that invest in the market on a continual basis and trade using any of the platforms like Share builder, Scottrade or others. I am intersested in trading strategies.

I trade some on Scottrade, but not a whole lot lately. I've been investing in silver coins - Silver Eagles and Silver Maple Leafs. I buy them from Lear Capital or sometimes a place here locally. Silver is supposedly going to really sky rocket in the next couple of years - we'll see!