Stock market tips and experiences

[imserious]

Originally Posted by MrPrena

^ LONG

1x USO, DBO, OIL
2x UCO
3x UWTI

USO is the largest.

Thanks man. It's time to make like a salmon on oil (long).

What do you mean by 1x, 2x, 3x?

[PSUSMU]

Originally Posted by imserious

Thanks man. It's time to make like a salmon on oil (long).

What do you mean by 1x, 2x, 3x?

Index multipliers

[tc328]

Long as in Long Term???

UWTI is not a long term inv...they perform sub optimally in Long Term

DWTI might be the LT investment

[MrPrena]

Originally Posted by imserious

Thanks man. It's time to make like a salmon on oil (long).

What do you mean by 1x, 2x, 3x?

see PSUSMU's comment

[imserious]

Originally Posted by tc328

Long as in Long Term???

UWTI is not a long term inv...they perform sub optimally in Long Term

DWTI might be the LT investment

Long term, more than 2 years. I like USO.

[MrPrena]

The shitty part about UWTI and DWTI is that when oil fluctuate to 33% in 1 day up/down, you are basically screwed/doubled (Viceversa for dwti).

[MrPrena]

Originally Posted by tc328

Long as in Long Term???

UWTI is not a long term inv...they perform sub optimally in Long Term

DWTI might be the LT investment

Long as Long/Short acct "Long" sir.

Oil Long
Oil Short
Obviously 3x is LONG on oil, whereas -3x is SHORT on oil.

Whereas your Long term vs short term investment are used "cap gain" vs "investment Income."

[tc328]

Sorry Im not aware of long/short in day trading. So is UWTI a day trade (short term holding) type of play? I thought its not ideal for long term.

[deeLow]

@MrPrena can you help me understand this??

http://flip.it/i2Kdj

I don't understand how if the guy wanted to sell all his shares at X, but instead it surged AH. How come he ends up owing XXXXX? Shouldn't the shares he wanted to sell at X be suddenly worth XX?

[MrPrena]

Originally Posted by tc328

Sorry Im not aware of long/short in day trading. So is UWTI a day trade (short term holding) type of play? I thought its not ideal for long term.

During last good 6-7 day run (between 38-50) it was a good hold for a week.
Yes, for a Long term, USO would be ideal, because it is "Daily" 3x leverage.

[MrPrena]

Originally Posted by deeLow

@MrPrena can you help me understand this??

http://flip.it/i2Kdj

I don't understand how if the guy wanted to sell all his shares at X, but instead it surged AH. How come he ends up owing XXXXX? Shouldn't the shares he wanted to sell at X be suddenly worth XX?

I would not even give this guy a PENNY on gofundme, even if this guy is my biological brother. Pigs gets slaughtered in the market, and it looks like he got slaughtered and now OWE E-trade.

First let me give you the definition of SHORT
Short selling is the sale of a security that is not owned by the seller, or that the seller has borrowed. Short selling is motivated by the belief that a security's price will decline, enabling it to be bought back at a lower price to make a profit.


Basically, he shorted 8400 shares at avg price of $2/sr.
He was bearish. That is fine, but he speculated that stock will go $1, and shorted the shares.

Then this happened...
"The stock was last trading up more than 500% at $12.56 per share. "

He short selled for $2/sr, and now he has to COVER (Cover to buy it) at $12.56.

LOST of 10.56/sr.


Short is basically, betting against the stock, and when stock goes down, you make $.
I normally do not SHORT the stock, but buy PUTS for bearish speculations.

[deeLow]

Originally Posted by MrPrena

I would not even give this guy a PENNY on gofundme, even if this guy is my biological brother. Pigs gets slaughtered in the market, and it looks like he got slaughtered and now OWE E-trade.

First let me give you the definition of SHORT
Short selling is the sale of a security that is not owned by the seller, or that the seller has borrowed. Short selling is motivated by the belief that a security's price will decline, enabling it to be bought back at a lower price to make a profit.


Basically, he shorted 8400 shares at avg price of $2/sr.
He was bearish. That is fine, but he speculated that stock will go $1, and shorted the shares.

Then this happened...
"The stock was last trading up more than 500% at $12.56 per share. "

He short selled for $2/sr, and now he has to COVER (Cover to buy it) at $12.56.

LOST of 10.56/sr.


Short is basically, betting against the stock, and when stock goes down, you make $.
I normally do not SHORT the stock, but buy PUTS for bearish speculations.

Thank you very much for the detailed explanation. I was under the impression that short selling means owning actual shares and gradually dumping them to drive the price down.

So basically this guy was borrowing shares at 2$, but wanted to actually buy and own at 1$? And then the next guy bought up all the shares on market, thus jacking the price up. So when it comes time for the dumbasses' order to fill he was FORCED to buy (cover) at high price, and THATS how he owes etrade?

[dreamingat30fps]

Originally Posted by deeLow

Thank you very much for the detailed explanation. I was under the impression that short selling means owning actual shares and gradually dumping them to drive the price down.

So basically this guy was borrowing shares at 2$, but wanted to actually buy and own at 1$? And then the next guy bought up all the shares on market, thus jacking the price up. So when it comes time for the dumbasses' order to fill he was FORCED to buy (cover) at high price, and THATS how he owes etrade?

That's why shorting gives me the heebeegeebeez and I would never do it. At least with a normal trade you know there's a limit to your downside but when you short.... you have no idea.

I'm sure plenty of people make money with it, but fuck that.

[MrPrena]

Originally Posted by deeLow

Thank you very much for the detailed explanation. I was under the impression that short selling means owning actual shares and gradually dumping them to drive the price down.

So basically this guy was borrowing shares at 2$, but wanted to actually buy and own at 1$? And then the next guy bought up all the shares on market, thus jacking the price up. So when it comes time for the dumbasses' order to fill he was FORCED to buy (cover) at high price, and THATS how he owes etrade?

Originally Posted by dreamingat30fps

That's why shorting gives me the heebeegeebeez and I would never do it. At least with a normal trade you know there's a limit to your downside but when you short.... you have no idea.

I'm sure plenty of people make money with it, but fuck that.

Yup, you are selling share which you do NOT own. So, if it goes down to $1, he can buy to cover at $1 which he shorted. Then he could've made 100%?


There are lots of strategies to limit the loss on SHORT SALE as well. You can buy a PUTs or some other things you can do. However, he went straight short on margin.

[tc328]

Ok Short as short sale...Im learning

[MrPrena]

Originally Posted by tc328

Ok Short as short sale...Im learning

People also use SHORT as going bearish.
Yes, I abuse the word short as well. *guilty*

As I posted definition (off of website), people use the terms SHORT As..

I SHORTED XYZ by buying PUTS.
I SHORTED ABC by selling CALLS.
I SHORTED OIL/Au/Ag by buying inverse ETF/ETN.

However, people use "by" doing this and that to explain they did not short the stock.

[ASBSECU E93]

Good day to have a solid position with GOOG and AMZN

[Sidewinderpb]

Originally Posted by ASBSECU E93

Good day to have a solid position with GOOG and AMZN

Don't forget NFLX! Still holding on to some of those split shares for speculative movement

[MrPrena]

Originally Posted by ASBSECU E93

Good day to have a solid position with GOOG and AMZN

I got into Crude at $2 too early (I wanted to get in buck higher), and getting hammered.

[1MOREMOD]

Can I just give you all my money and in 6 months you give me it x10? If you lose it I kill you.

[MrPrena]

Originally Posted by 1MOREMOD

Can I just give you all my money and in 6 months you give me it x10? If you lose it I kill you.

LOL. even fake ponzi scam can't do 10x (1000%) in 2 quarter!

[1MOREMOD]

So get creative sell some drugs. Loan shark whatever