Any Traders out there?

Goldy

I have asked before but since the forum keeps growing I'll ask again. Any of you guys play in the stock market? I focus mostly on commdities and mining stocks but since that bubble is looking less and less stable I'm looking for new ideas.

sightunseen

Goldy

I really dislike gold. For me its all about base metals.

lilwing88

kuzi16

Goldy

beatnic

Property of any kind. Land, house, condo. We are at a low. Interest rates at a low. And the government will soon make it much harder to own personal property. Getting rid of the homestead exemption is the first step.

kuzi16

sightunseen

Goldy

wwestern

I would think getting out of metals may not be a bad idea, with both sides talking about reigning in the spending it's likely to fall. As far as other investments I've kind of subscribed to the double dip theory.

Goldy

wwestern:

I would think getting out of metals may not be a bad idea, with both sides talking about reigning in the spending it's likely to fall. As far as other investments I've kind of subscribed to the double dip theory.

Exactly, plus my wife and I both work for a large mining company so its time to diversify. It was a nice ride though.

Schrooz

I am fresh amateur trader but hope to make some extra cash doing it. I had barely enough last year to do roundtrips but lost most of it when I loaded up on a one sided long position on a blue chip tech stock options. I am an idiot. I should have stuck with daytrades instead of dabbling in options! I am hoping to make a come back in a year or two. I really beleive I can thrive on daytrading, if only I can accumulate a good base to do it without all the psychological paranoia ( at least for me) that goes along with it. I just have to learn to sidestep the high frequency traders who frontrun , subpenny , and paint the ticker tape to death. I read somewhere that most of the high frequency trading firms are closing shop so I may have a good chance next time around. Not that my tactics were so specialized and complicated that the moves of high frequency traders would matter....it just gets my paranoia and idiocy all riled up. In any case , I have learned a valuable lesson: cut your losses quick---keep your stops tight! How about financial etfs if you're a long term trader? XLF is still less than half of its high acouple of years ago. I should have just parked my account in it last year....

Goldy

I have two small mining companies that I have done really well daytrading. Their prices are so volitile that one one day they will have a 15% loss even thought metal prices, the market and everything else is doing just fine. The next day it will recover 12%. This happens like clockwork and the only explination I can give is that there are a lot of people that have sell prices set very close to the trading price which causes a false sell off.

Schrooz

^ That's some good action.

The Sniper

Redtailhawkoz

interesting........

Goldy

xmacro