Leans for Monday 2/23/09 schaapattack Week

nonsense48 · 02-23-09, 04:32 PM

oh ok. i'll pass on the day trading. i'm in it for the long haul.

suckatmyjob · 02-23-09, 04:32 PM

naw those are cheap but actually dont like the ones off the street prefer AMP

didnt really suck at my job made enough a few weeks back when the market was wild lots of ups and downs and all you needed to do was really short (and yes you could of short stocks and only financial stocks you couldnt short) but hey it pays the bills

shoebox · 02-23-09, 04:34 PM

Originally posted by BCaldwell32

Exactly, hedging is a welcome wager from the bookies because they juice you more and the play that you like the most has a lower EV (expected value) because of the hedge. Like last year for example I had a situation in the super bowl with New England and the Giants where I win a big pool and make like 1500 if New England just wins the game. I thought about betting Giants money line to hedge my bet, but that in the long run is just throwing away huge EV of New England winning game outright. Yeah I could have guaranteed myself money on that day but in the long run it is costing me money.

We can beat a dead horse all day, if your bank roll can take hedging w/ ML plays, you can keep your bankroll from decreasing......Im done...next

suckatmyjob · 02-23-09, 04:34 PM

long haul is no good i have maybe 2 stocks long haul but i seen too many ups and down that all it seems is that those stocks only breaking even appl and ccj only 2 i have long haul but ccj split on me 3 times already so really only stock making me money

daytrading is like betting it's all about money mgmt - the trend is your friend - buy low sell high and all those BS haha

nonsense48 · 02-23-09, 04:36 PM

DEX, it looks like alot of you guys that work on the big street in ncy like to gamble on sports as well. that explains where all my money has gone these last 18 mos.

nonsense48 · 02-23-09, 04:40 PM

actually, i have a great finance advisor that does a very good job for me as i've done quite well even with the economy in the shape it's in. most of my friends have gotten hammered tho in the last year and a half

BCaldwell32 · 02-23-09, 04:41 PM

Originally posted by shoebox

We can beat a dead horse all day, if your bank roll can take hedging w/ ML plays, you can keep your bankroll from decreasing......Im done...next

Shoe, I like you and not trying to argue with you but mathematically speaking hedging lowers your EV slightly and that is just a fact. If you have a huge bankroll and you think a money line has solid value then just bet it and if you lose then move on to the next one. But hedging a strong EV play is not correct mathematically for sure.

TheLemonDropKid · 02-23-09, 04:41 PM

Originally posted by suckatmyjob

long haul is no good i have maybe 2 stocks long haul but i seen too many ups and down that all it seems is that those stocks only breaking even appl and ccj only 2 i have long haul but ccj split on me 3 times already so really only stock making me money

daytrading is like betting it's all about money mgmt - the trend is your friend - buy low sell high and all those BS haha

I've always been interested in daytrading....but the success rate that I constantly hear about scares the piss out of me. I've had a couple of friends that tried and lost their ass. Is it really as hard and scary as it sounds??

shoebox · 02-23-09, 04:42 PM

Originally posted by BCaldwell32

Shoe, I like you and not trying to argue with you but mathematically speaking hedging lowers your EV slightly and that is just a fact. If you have a huge bankroll and you think a money line has solid value then just bet it and if you lose then move on to the next one. But hedging a strong EV play is not correct mathematically for sure.

Agree to disagree

BCaldwell32 · 02-23-09, 04:44 PM

Originally posted by shoebox

Agree to disagree

Ok but one thing I know for sure in life is math does not lie. Not ever.

Ditaln1 · 02-23-09, 04:49 PM

Did you guys know that some scholar's argue that 'Discovered by the Germans in 1904, they named it San Diego, which of course in German means a whale's vagina'

Let's just agree to disagree

shoebox · 02-23-09, 04:49 PM

Originally posted by BCaldwell32

Ok but one thing I know for sure in life is math does not lie. Not ever.

OMG your killing me, I try to call truths and you still wont shut up. Everyone has different ways of hedging, and everytime someone brings it up this shiiit happens. Now I dont tell you what to do with your money and if it works for you great. But dont come at me like I dont know what the fukk im talking about. Dont give me this math dont lie BS either, alright. I dont wanna flood the forum anymore with this useless argument. PM me if you wanna go further

maddogmadden86 · 02-23-09, 04:51 PM

hey Nonsense how did your portfolio hold up last year? PM if you dont want to publicize, get ready for sap 600 and dow 6000, AIG, Citigroup, just asked for more money from the government, which is leading towards nationalizing our banks, which in turn will decimate our economy, if u ask me i;v been short this market since the summer and i'm not gonna stop till this summer

Ditaln1 · 02-23-09, 04:52 PM

damn. look what I started

Pick'nParlays · 02-23-09, 04:53 PM

Originally posted by nonsense48

pick, TodaysAction has sj/dal over 5.5 as do i and i'm sure hockeytown will concur on this one

thank ya thank ya bol mafia.

BCaldwell32 · 02-23-09, 04:53 PM

What the mother **** is wrong with some of you people, I was just trying to be nice and give some helpful advice and I never got rude or discourteous about it. I guess some ****ing idiots get their feelings hurt when someone says they are doing something that is wrong, well get over it!!!!!!!!

nonsense48 · 02-23-09, 04:54 PM

just bet the shit straight and be done with it. if i have to hedge then it should have been a no-play in the first place

suckatmyjob · 02-23-09, 04:54 PM

To me daytrading is identical to what the majority is doing here - you cap a game and you stick with it you lose you move on - feelings out the door just trade or bet and wait for the end result no bitching no whining when you wrong you wrong

emotions out the door -- easily said then done with done trading --- however not many can do it when they are down 4 or 5 digits and it keeps going down and that's why people break -- it happens to the best of them all

daytrading is really hard but for those that are capping here i think everyone of them can do it but it's definitely not for everyone just like betting ---- got to think risk reward and money mgmt

and then there's discipline if you got a trend stick with it no matter what you hear and let no one change your mind ---(what does that remind you off??? sounds exactly like capping and betting huh)

betting vs trading which one i like more i'm not sure i only trade from 9:30AM - 10:30AM so green or red i'm done at 10:30AM then there's sports at 7pm - 11 pm not a bad schedule wouldnt you say

BCaldwell32 · 02-23-09, 04:57 PM

Originally posted by nonsense48

just bet the shit straight and be done with it. if i have to hedge then it should have been a no-play in the first place

Thank god someone has some intelligence here!!!!!!

shoebox · 02-23-09, 04:59 PM

Originally posted by nonsense48

just bet the shit straight and be done with it. if i have to hedge then it should have been a no-play in the first place

Agreed, halftime hedge if needed and is still in site.

B im not pissed just dont wanna go back and forth. I know people with heavy banks and they use ML hedging and have been doing it for years. I use it when the shoe fits(no pun intended) Im not wrong either

. Dont got a problem with ya

nonsense48 · 02-23-09, 05:00 PM

madd, i did just fine last year. like i said i have a finance advisor that has been handling my investment affairs for yrs. now. i don't own anything that doesn't pay dividens and i like major companies that just don't lose money. he calls me on things and i give the yea or nay on all matters. works just fine for me. he's an old sharp and his 2 sons are even sharper than he is so i'm in good hands

shoebox · 02-23-09, 05:01 PM

Originally posted by BCaldwell32

Thank god someone has some intelligence here!!!!!!

Real classy B

TheLemonDropKid · 02-23-09, 05:01 PM

Originally posted by suckatmyjob

To me daytrading is identical to what the majority is doing here - you cap a game and you stick with it you lose you move on - feelings out the door just trade or bet and wait for the end result no bitching no whining when you wrong you wrong

emotions out the door -- easily said then done with done trading --- however not many can do it when they are down 4 or 5 digits and it keeps going down and that's why people break -- it happens to the best of them all

daytrading is really hard but for those that are capping here i think everyone of them can do it but it's definitely not for everyone just like betting ---- got to think risk reward and money mgmt

and then there's discipline if you got a trend stick with it no matter what you hear and let no one change your mind ---(what does that remind you off??? sounds exactly like capping and betting huh)

betting vs trading which one i like more i'm not sure i only trade from 9:30AM - 10:30AM so green or red i'm done at 10:30AM then there's sports at 7pm - 11 pm not a bad schedule wouldnt you say

May I ask how you learned to do it? Do you have any recommendations or guidance as to how to get started with the learning process (maybe without putting any real money down at first until comfortable?) Do you mentor or know someone who does...or have a website that helps???

handimann · 02-23-09, 05:02 PM

i am hitting ATL +7.5 and BOS 1st qtr hard

BCaldwell32 · 02-23-09, 05:03 PM

Sorry, was upset from your post, I apologize and let's move on.

maddogmadden86 · 02-23-09, 05:05 PM

who doesnt like the over in the hornets, kings game the kings havent combined for a score less then 203 all year, sorry read my info wrong

nonsense48 · 02-23-09, 05:07 PM

shoe, do you sell health ins.?

TheLemonDropKid · 02-23-09, 05:09 PM

Originally posted by maddogmadden86

who doesnt like the over in the hornets, kings game the kings havent combined for a score less then 203 all year

Wow.......now that you mention it.....I love that over.

shoebox · 02-23-09, 05:10 PM

Originally posted by nonsense48

shoe, do you sell health ins.?

Manager for a insurance company.

Im a broker for banks, dealerships, and hospitols.

nonsense48 · 02-23-09, 05:14 PM

that's one area that i'm being taken advantage of i think. just for myself i pay 1065.00 per month for my health ins. mind you, it's a great policy where i pay next to nothing for scripts and office calls or hospitalization but i'm in great shape for an older guy. i think that's a lot to pay each month for coverage and i've shopped around for better rates and there are none. it's pretty sad the way us older folks get reamed for our health ins. you young bucks need to change that shit up and take better care of us old ****s.

shoebox · 02-23-09, 05:16 PM

Originally posted by nonsense48

that's one area that i'm being taken advantage of i think. just for myself i pay 1065.00 per month for my health ins. mind you, it's a great policy where i pay next to nothing for scripts and office calls or hospitalization but i'm in great shape for an older guy. i think that's a lot to pay each month for coverage and i've shopped around for better rates and there are none. it's pretty sad the way us older folks get reamed for our health ins. you young bucks need to change that shit up and take better care of us old ****s.

Small market sector gets killed, and its unfortunate. You really cant negotiate the way you want w/o over 400 employees, throw in a coulpe of sick ones and your whole group is fukked

TheLemonDropKid · 02-23-09, 05:16 PM

Originally posted by nonsense48

that's one area that i'm being taken advantage of i think. just for myself i pay 1065.00 per month for my health ins. mind you, it's a great policy where i pay next to nothing for scripts and office calls or hospitalization but i'm in great shape for an older guy. i think that's a lot to pay each month for coverage and i've shopped around for better rates and there are none. it's pretty sad the way us older folks get reamed for our health ins. you young bucks need to change that shit up and take better care of us old ****s.

You're not old bro.....you're just a seasoned veteran!

nonsense48 · 02-23-09, 05:21 PM

lemon, i'm doin' ok for my age. i have a mate that's quite a bit younger than i am and i still get glances from pyt's that come into the shop but i think that's just gold digging.

Karayilan9 · 02-23-09, 05:21 PM

Suckatmyjob
suckatmyjob To me daytrading is identical to what the majority is doing here - you cap a game and you stick with it you lose you move on - feelings out the door just trade or bet and wait for the end result no bitching no whining when you wrong you wrong

emotions out the door -- easily said then done with done trading --- however not many can do it when they are down 4 or 5 digits and it keeps going down and that's why people break -- it happens to the best of them all

daytrading is really hard but for those that are capping here i think everyone of them can do it but it's definitely not for everyone just like betting ---- got to think risk reward and money mgmt

and then there's discipline if you got a trend stick with it no matter what you hear and let no one change your mind ---(what does that remind you off??? sounds exactly like capping and betting huh)

betting vs trading which one i like more i'm not sure i only trade from 9:30AM - 10:30AM so green or red i'm done at 10:30AM then there's sports at 7pm - 11 pm not a bad schedule wouldnt you say

Do you do this from home? what programs do you use?

heyheyhey · 02-23-09, 05:21 PM

hitting pc play with you ck