$100,000 day trade for me today..........

[Fishhead]

.......stay tuned.

Hopefully and probably will be pulling the trigger on this sometime before noon eastern.

-FH-

ps- purchasing this on 3x margin.

pss- this will be my first ever day trade selection in forumville............let's nail it!

[wtf]

stay bullish!

[pico]

you should try forex, that is 50:1 margin. some places let you do up to 400:1 leverage

[Fishhead]

Very happy with Etrade, as they provide 3.3% interest on my idle money.

They also allow me to access my money 24/7 via ATM............unlimited free transactions.

[Fishhead]

This will be a trade involving a DOW stock...........so it will be a very conservative play(I hope ).

[wtf]

buy and HOLD

[Fishhead]

Actually contemplating a play with TGT(target).........52 week low with a low PE.

Ok, will let the cat out of the bag, the DOW stock Im looking at is JNJ(johnson and johnson).

Retail getting bad reviews this morning............


ONE THING IS FOR SURE, THIS IS CERTAINLY A SCARY MARKET.

This makes taking +3.5 on the Vikes look like childs play.

[Fishhead]

May dollar cost average into this trade with two $50,000 trades.

[wtf]

the brave are the ultimate victors, profit from the chickens!

[Fishhead]

DAMN!

JNJ up 1.00 off its low for the day...........didn't pull the trigger.

Hoping for a drop as we approach the noon hour.

The market is almost into positive territory.........wasn't expecting this quick of a rebound.

[Fishhead]

JNJ now up 1.50 off of its low........may have missed the boat here.

As is in sports, a "no" bet is nothing to fret about.

[Fishhead]

HOLY COW

DOW down 200 pts and now up 150...............


THIS IS NUTS!

[Fishhead]

Down triple digits again...........hope it keeps sliding.

[wtf]

market wants to test 8k, will touch it i think

[Fishhead]

market wants to test 8k, will touch it i think

Hard to argue with ya..............


Still debating when I want to jump in today.....hoping for the DOW to get down 300 pts at least before noon.

If it doesn't, may not get any action today.

[topgame85]

People I know who are pretty good with the markets guessing we deep below 8k by years end 7900 not a stretch by any measure of the stick in their opinion

[Fishhead]

People I know who are pretty good with the markets guessing we deep below 8k by years end 7900 not a stretch by any measure of the stick in their opinion

Forget the year, we could be there by the end of the month........or week!

[topgame85]

Thats what I said during the conversation, they said it is possible but that it was unlikely but hell they cut the interest rate and stocks still are already down 100+ just an hour and a half into the session, imagine if they hadn't cut interest rates today

[wtf]

yes

Forget the year, we could be there by the end of the month........or week!

i think your right, the speed of this is amazing. if it is going to 7900 it will be way before year end. imo the bottom will be hit before year end or election even.

maybe market is waiting for this change of leader......

[Fishhead]

I was hoping for a 300 pt dip at somepoint today, before noon preferably............may not get there.

Will be looking at JNJ near the 61.0 levels........

[Matt Rain]

What kind of return are you expecting if you're able to buy at 61-ish? If you do end up buying, will you really sell by day's end no matter what?

I'm interested to get into that stuff once the gambling bankroll gets up there, but it all looks pretty intimidating to this complete newbie.

[topgame85]

Short term investing ban in effect dont think you can buy sell same day anymore

[Fishhead]

What kind of return are you expecting if you're able to buy at 61-ish? If you do end up buying, will you really sell by day's end no matter what?

I'm interested to get into that stuff once the gambling bankroll gets up there, but it all looks pretty intimidating to this complete newbie.

I may not make a day trade out of it........but I can assure you that I will not be carrying the position into the weekend.

DOW now down 200.03 points!

Keep falling damn it!


By the way, when you buy on margin and trade the same security in the same day, you pay zero interest.

[Nicky Santoro]

fishler,

you're a smart guy.. why do you play the stocks.. i have NEVER in my life touched this crap. I have read that 99% of stock players lose money.. I have had friends tell me.. hey nicky, you wanna make money, trust me, buy this stock, and i would never, and by the 3rd year, they all got out of it and lost a fortune. This happened to me maybe 11x.. they never make money.. no matter what the stock they buy is.. They all are down big today from it..

fishler, why not only stick to sports and playing weak #'s, middling,scalping.. and collect what bonuses are still out there.. you know this the surest way to make money.. not stocks.. stocks is dangerous, and if i live to 100, I will still never buy a stock..

[Fishhead]

fishler,

you're a smart guy.. why do you play the stocks.. i have NEVER in my life touched this crap. I have read that 99% of stock players lose money.. I have had friends tell me.. hey nicky, you wanna make money, trust me, buy this stock, and i would never, and by the 3rd year, they all got out of it and lost a fortune. This happened to me maybe 11x.. they never make money.. no matter what the stock they buy is..

fishler, why not only stick to sports and playing weak #'s, middling,scalping.. and collect what bonuses are still out there.. you know this the surest way to make money.. not stocks.. stocks is dangerous, and if i live to 100, I will still never buy a stock..

When I had 100 offshore accounts, that's exactly what I did.............I do not play offshoe any longer after Neteller went down.

I only dabble in the stock market.........but I do play the commodity market bigtime and do very well with the grains.

[fiveteamer]

Nicky, your friends sound like losers.

Blowing money in the stock market, hoping that you lose big bets etc...

Not very nice guys at all.

[durito]

Short term investing ban in effect dont think you can buy sell same day anymore

what

[Fishhead]

Short term investing ban in effect dont think you can buy sell same day anymore

Of course you can...........

[Fishhead]

JNJ is performing fairly well in this down market.

Still trading above 62 with the DOW down over 200.00 pts.

[FreeFall]

why doesn't the government not understand that the people dont want it to keep ****ing with the money?

[Fishhead]

Will try again tommorrow to get into JNJ..........

[jjgold]

Fishhead your the most disciplined bettor I have ever seen, you have more self control that any other forum poster I have ever seen.

[Fishhead]

Fishhead your the most disciplined bettor I have ever seen, you have more self control that any other forum poster I have ever seen.

Really??

Hoping for the DOW to drop a couple hundred points into the RED so I can get JNJ at an attractive price for my 50,000/100,000 day/swing trade.

I stated 50,000 because I may try to cost average this sucker with two seperate buys of 850 shares each.

Stay tuned

-FH-

[Fishhead]

Really??

Hoping for the DOW to drop a couple hundred points into the RED so I can get JNJ at an attractive price for my 50,000/100,000 day/swing trade.

I stated 50,000 because I may try to cost average this sucker with two seperate buys of 850 shares each.

Stay tuned

-FH-

Will not be purchasing JNJ at any price over 61.30

[Fishhead]

DOW down 1.3% and JNJ only 0.30%

JNJ still trading above 62.0

Have a limit order in at 61.3 for 850 shares($50,000)..........