I suck at stock trading, missed out on an easy $1500 profit on Apple yesterday and today..
 

Bought for $37k yesterday.. it went up to a $750 profit.. I was like naa.. rumours says it will go further up.. then I heard some rumours that it might go the other way.. the stock dropped to $150 profit for me.. and I sold like a chicken.. today I would have made $1500..

I seem to do this over and over again :)

Should have bought Zillow's ipo today.

I dont like to play in games, where you have absolutely no control:winkwink:

you still won, now won more!

If you made a profit then you did it right.

You would have much more fun gambling at a casino.

I sadly do that as well.. in fact two out of my last 3 trips to the states was 150% sponsors by a casino while I were there :) .. dropped $2k on the last trip though

Amen!! :thumbsup:thumbsup

so i guess luge is out for you huh? :)

If you try and time the market you'll lose more often than win, at least that's my experience. I can admit the market plays me, I'll stick to adult and real estate it seems to be the only places I've never taken a hit, yet ;-)

$1500 profit?
pft can make a lot more than that just flipping traffic to an affiliate program

LOL, you probably did have more fun tho, right? :)

i suck at stocks too. dumped a bunch of money into BofA when it was at $4 and sold it at $5.75, then it sky rocketed to almost $15/share :mad:

put the rest into BP where its sitting ok right now, but took a HUGE loss a few years ago on a few stocks which is hard to recover from

Nice, I gonna have to learn how to do that :pimp

That sucks man. You did have a lot of money tied up though, so I guess that's reasonable.

Solid Guess:winkwink:

Opened at 57, currently at 35.

Can I join the sucks at stock market club? :O

Hey Mike.. did we loose eachother on ICQ or? .. Hit me : 596870374

first price and allocation price at 20 bucks a huge difference bro

i would never sell apple. it will go up for some years still...
then again i have never realized a profit from trading stocks so dont take my advise.

I rock at stock trading!!.. just made $1500 profit from a danish bank stock in 1 hour and 45 minutes.. got out in time this time.. me like

Unless you're putting serious money down, and 37K isn't serious money, no small time investors are getting in at the IPO price on any stock.

buy and hold and we'll see you @ 500+

but at least with stocks, the odds are in your favor...:2 cents:

Unless you're a super smart day trader, long term you'll most likely be better off just buying a good stock and holding it than trying to sell it at the right time.. too often just ends up getting higher after that. :P

Defintly correct... but daytrading is fun

Biggest mistake I have ever made was a little over a year ago when I considered buying Sirius Satellite Radio stock. At the time they had some major financial issues and Howard Stern was not sure if he was going to re-sign when his contract was up. Had he decided to retire or go elsewhere it would have likely been the end of them, but I considered still putting about $1000 into it and getting around 10,000 shares on a gamble.

I didn't. In then end I decided that I didn't want to gamble.

The other day the stock closed at $2.20 per share. My $1000 would be worth $22,000 today.

I guess you live and learn.

You must be remembering the quote wrong?

http://finance.yahoo.com/q/bc?s=SIRI...=on&z=l&q=l&c=

looks you are right, on 0.4$ he could get 2500 shares not 10k...

Back in the day though, in 09', when they were days away from the brink of bankruptcy, there were a couple of days where the stock went to 5 cents a share. That could have gone either way though. Those who bought then are now at like a 840% return.

yeah, it must have been more than a year or so ago. It was right when they merged with XM and were buried in a ton of bad debt and basically needed to find someone to step in with a big chunk of change in order to keep them going. The stock was ten cents a share or less for a few months and it looked like they might be going under or at least de-listing the stock.

I remember Howard Stern joking that he was working for free because a lot of his deal was based in stock that was now worthless. Looks like it is around Jan of 09

http://finance.yahoo.com/q/bc?s=SIRI...=on&z=l&q=l&c=

there is only one good way to make guaranteed money trading stocks..

1. wait till the economy is really fucked
2. buy stocks of companies that are in good shape (stocks are only down because everything else is)
3. wait 6 months - 1 year..
4. sell and double/triple your money

Did you know the support and resistance levels in advance? The R1, R2 or R3 level is where you would take profit.