daytrading is driving me mad
 

im 20000 shares into this company and it keeps dipping then spiking... im going crazy:helpme

Buy low and sell high. If you're already in large to this company then buy lots of shares when it takes a dip then sell when it spikes as it'll bring your avg cost per share down and lessen your loses.

Other that that daytrading is like, so yesterday!

Buy when it dips, sell when it spikes :winkwink:

yeah i just scooped up 5000 shares when it was low

Average down.

If it has any sort of pattern to the spikes and lows you could make some good money. I trust your trades go through very fast and don't cost a lot per trade (high trade fees can gobble up your profit). If thats the case watch for the pattern and wring every dollar out of it.

On the other hand if its really driving you crazy get out and make some LT investments.

Ericsson went up 13% here in Sweden. Nokia 13% to !!!

:thumbsup :winkwink: :glugglug :Graucho

IBZT check it out

Stay far away from him he just might go.... :BangBang:

:winkwink:

Ibiz Technology Corp?

that's a 5 cent a share stock?

You bought 20k of it, so that's $1k total...
and you are worrying about the +/- $5 spikes?

Who do you broker with that makes it worthwhile to day trade with only $1k?

better start nighttrading

How much do you spend daily for commissions?

hahahaha, you bought the spammed stock!

hahahahahha

Call gamblers anonymous. You can get help in 12 easy steps.

:2 cents:

LOL!

I'm no trading expert but I have wondered before whether it's worth taking advantages of those scam emails - they spam people to drive up the share volume and price, right? If you get in early enough then you could make some nice $ within a day or two. Of course you are profiting from all of the idiots who think the stock is as hot as the email says...

I had a quick look through my spam folder and many of the stocks spammed climbed sharply upwards around the time the email was sent.

Not much point for me doing it since I'm not in the USA, trading US shares costs more in fees and the potential profits get eaten up by the falling US dollar...

All short term stock investment is pure gambling, even something that's longer than day-trading is still on par with gambling.

Get quotetracker and a good feed.

Oracle has done very well the past 2 days BTW, I'm just waiting to cash in on the decline :thumbsup

Rowan, I think you are correct. Spammed stocks tend to climb sharply and then drop pretty quickly.

Might be interesting to buy into the spam early and see if I could make some profit. Since I get spammed almost daily with great stock deals (heh) I could probably just bounce a few bucks around for a week or two and see how I do...

Cut your losses Cut your losses Cut your losses
That's all I can say.

USE STOP LOSSES!!!
Don't keep "averaging down" just because you don't want to take a loss. You have to ask yourself why you're averaging down. Don't be scared to cut your losses and move on.

If you don't use stop losses and your goal is to make money off EVERY trade, you will not make it as a daytrader.

Once you master the art of NOT loosing money daytrading, the profits will just take care of themselves. Most people get into daytrading trying to make money when you should be trying not to loose money.

Like I said before, once you master the art of NOT loosing money, you'll make bank!

hehe yea:1orglaugh :1orglaugh
make sure you have your fingers crossed when "averaging down"

hey, aflex. Sell u dipshit! Learn from your mistake and never do it again:thumbsup

vrmd.pk

thank me later

Took a nice dip today..

just remember the "greater fool theory"...that there's always a greater fool that will buy your shares off of you.

this works going up, but it also leaves you holding the bag when the game is up

Did you get out of this stock (IBZT) yet?

:1orglaugh :1orglaugh


take some pills and use STOPS...

I went all into QCOM last week. (good move?)
Any advice is greatly appreciated.

qcom..nice ramp yesterday :) good move

watch out for vol slowdown next week for weakness

im still in IBZT, mostly in for long haul. i picked up more on the dip today at .031 its climbing now

I used to love penny stocks. Who do you trade with?

Whats your total position in IBZT ?

ameritrade

i really screwed up by jumping in this stock when i did, im fairly new to day trading and bought a high volume traded stock with thoughts of holding.. i didnt wait for dips like i should have so i'm locked in around .055 per share.. it should gap for monday though, lots of big news for this company.

38,000 shares

take a look a siri sirus sattelite its been a winner for me thus far, i got in below a buck =))

ibzt was on cnn a couple hours ago, here is a link to a vid of their product...

http://randombling.com/ibiz/

they are up for an award on tech tv which gets announced in less than an hour. if they win that will definately help this stock move up

looks pretty hot. stock price is down over 50% last 2 days with the last trade today at .038. might be a nice entry point

huge float, but i still think it will go up a lot next week, we'll see

Daytrading penny stocks with Ameritrade:1orglaugh

Man, I feel sorry for you. You will be broke very soon, don't worry. Just keep "averaging down" when trades don't go your way:thumbsup

Are you holding? buying dips? daytrading? Make up your mind before you get into the trade, don't let the trade tell you what to do.

Dude, take my advise. DUMP THIS PIECE OF SHIT, then paper trade for at least a month (no penny stocks), then get some good level 3 access and start trading slowly with your own money. Don't be afraid to take losses. Learn from your mistakes and move on. And most importently, don't get into daytrading trying to make money. Once you master the art of not losing money, the profits will just take care of themselves. Don't trade with emotion and the word "lucky" shouldn't be on your vocabualy.

Have fun:winkwink:

"Daytrading penny stocks with Ameritrade"

dont knock it, more people than you think do it.

"Are you holding? buying dips? daytrading? Make up your mind before you get into the trade, don't let the trade tell you what to do."

that was my problem, i fucked up, easy as that. 500 - 700$ loss wont kill me, but it sure as fuck taught me how to approach the market.

right now, i'd sell it all off, but i do like their product and wont lose any sleep about holding the shares. so time will tell.

what is the success rate of daytraders these days?

If you want to increase your success in daytrading:

Try the FREE 2 week trial of this service. These guys make sick money every day. They have a chat room and online classes and more. I've traded with them and made some serious $$$.

It's the daytrading equivelent of GFY. :)

http://www.trendtrading.com

They make money by selling their videos, books and website memberships. If it was as good as they would like you to believe, they'd never share the techniques and/or stocks to watch.

exactly

Hey,

They do make money selling instructional stuff. SO WHAT!

Have you ever tried them??

They teach you how to make plenty of money and they have 100's of happy customers.
They offer you a free trial, if you don't make money with the trial you shouldn't signup for service.


It's no risk to check them out and won't cost you a penny.
If you're serious about day trading check the site out.

http://www.trendtrading.com

I got heavy into day trading a few years back where it almost became a total obsession. I couldn't stop to get up to go and take a piss during the day thinking I might miss a good trade.

The rush you get is unreal. Almost to the point of scary as to the effect it as on you. I'd go to bed and couldn't wait to wake up in the wee hours of the morning and get on all the daytrading boards looking for action leads for that day.

Did well once I disciplined my self like in the above posts where you have to take your quick losses just like you take your quick gains. Staying in on a stock hoping it's going to bounce back is what kills you. Just set your + and - directions and don't deviate from them.

Watch the boards like a hawk. You can pickup great realtime info on things coming out that will make a stock move. Be sure to sort the bullshit posters from the guys who have real good info on a company.

Realize though most guys lose at day trading. I don't recommend it to anyone unless you have a significant capital base already and this is total 100% risk capital. DO NOT USE YOUR SAVINGS thinking you're going to double it in a day. You won't. You should have about $100,000 in fun money to do it right and with some degree of safety. But again, the odds are against you unless you are well disciplined, a total research hound, can committ the time, and have good gut feelings on things combined with analytical timing skills.

Invest in all the right software and online services and pay to join the the private message boards where all the players are.

good info
what online brokers do you recommend?