How much money did you make today?

[wayneL]

IMHO making a little under 3 % for daytrading a blue chip is pretty good and won't happen too often, even though you wouldn't call that a 'daytrade' as such, more like a swing trade. Think about what would have happened to the person in RIO if it had of gapped down the next day instead of up
You won't find too many people in Aus daytrading regular stocks(well not the bigger ones anyway)- brokerage is way too high here!
If you want to look into daytrading, futures are the way to go IMHO. tight spreads, lots of leverage and dirt cheap brokerage make it possible if you're good enough. Although given the leverage available in futures, it's also a great way to destroy an account if you don't know what you are doing.

Agree,

Or Nasdaq stocks, which are slighly easier to trade and move more as a percentage of face value. (but less leverage)

Either, or.

 

[Bobby]

Agree

Yep about your sig' quote (The trend is not your friend) and you and I know why!

 

[2020hindsight]

Another day, another dollar
Daylight comes I'm on my way
Another day, another dollar
I'm workin' my whole life away

And Im one too many mornings and a thousand bucks astray

And Im zinc-ed up to my eyeballs, now i'm zonked and off my head
and I'm hoping that the sky aint gonna fall right on my bed
but its all such easy money, with the nickel zinc and lead,
and if that damned stuff comes falling down - its bye bye ned.

 

[Bobby]

And Im one too many mornings and a thousand bucks astray

Don't let your $bucks fade away , take note of what Wayne's got to say

 

[2020hindsight]

Don't let your $bucks fade away , take note of what Wayne's got to say

I just keep on piling chips on - and its "come what bludy may"
I hear on the ABC that zinc is gonna become less profitable in about 12 months ? - more output less profit etc - but heck who knows where we'll be that far down the track - might've won the lottery and couldnt care less lol. my "portfolio " - such a grandiose word for such a piddly sum - increased about 10% in last week. all due to zinc.

 

[Realist]

I've been beaten like an egg the past 3 trading days.

Down $6500 in 3 days



October is crap!! Always has been for me.

 

[Bobby]

I've been beaten like an egg the past 3 trading days.

Down $6500 in 3 days



October is crap!! Always has been for me.

What ? can you tell us the ones that went down for you please

 

[2020hindsight]

I've been beaten like an egg the past 3 trading days. Down $6500 in 3 days

Bludy ASX market's like a water bed - so small that in order for one part to go up, another part has to go down. Least ways - that's a theory Im starting to subscribe to. (PS most of my theories are .. let's just say you wouldn't pay much if I set upas a consultant lol.)

 

[BraceFace]

I've made a truckload on Jubilee Mines in that last few weeks.

 

[pacer]

Zinc plays have made me a bundle and still rising.....awesome.

I made more every day I've held, than I would have actualy working in the mines....

 

[2020hindsight]

Bludy ASX market's like a water bed - so small that in order for one part to go up, another part has to go down. Least ways - that's a theory Im starting to subscribe to.

the markets like a water bed in many kinda ways
for points of it to peak at all another point must pay
but every now and then ... - you see the whole bed take off...FLY!!
..my friend ... a flying water bed !! can make a grown man cry.

PS as long as Im not standing under it when the bubble bursts

As for zinc - don't forget that with the Ashes and all - and all those cricket matches - and zinc cream over thousands of faces - - markets gonna go wild next month.
....
ANTI-RAMPING DISCLAIMER. I do not hold shares in zinc cream companies , not in cricket promotion, (wish I did) , nor for that matter in water beds.

 

[krisbarry]

I've been beaten like an egg the past 3 trading days.

Down $6500 in 3 days



October is crap!! Always has been for me.

Maybe buying a house in Sydney isn't such a bad idea afterall

 

[Realist]

What ? can you tell us the ones that went down for you please

JPR, Pacmag, Conquest Mining. But mainly CTXS onthe Nasdaq - down 20%

 

[Realist]

Maybe buying a house in Sydney isn't such a bad idea afterall

I only lost $6,500 - not $360,000.


Big difference.

 

[krisbarry]

LOL, just kiddin with ya

 

[stevo]

Surely even short term traders measure their performance over the long term? One day is sort of meaningless - anyone can make the occasional profit. How did you do over the last quarter, the last year and the last 5 years?

How many times have I read about some day trader making a fortune over 3 or 4 months and then giving it all back over a few days or weeks! The markets are a never ending roller coaster ride.

Stevo
drawdown.blogspot.com

 

[Realist]

Surely even short term traders measure their performance over the long term? One day is sort of meaningless - anyone can make the occasional profit. How did you do over the last quarter, the last year and the last 5 years?

True, but it can be fun to tell people "I made $5,000 today on the stockmarket today".

Or even say "It is your shout at the pub mate, I lost $6,000 yesterday on some crappy share"

 

[stevo]

Free beer! Have one on me :bier:

Stevo

 

[Out Too Soon]

I wonder how many ppl lost money on friday with their automatic stop losses.
I suppose some ppl have to lose money for others to buy in & make money. Lots of advice on this thread, "oh you must have a stop loss", "use a tight stop loss."
The way my trading personality is developing says to me that a stop loss is just a sure way of making a paper loss into a real loss. ie How many ppl who lost money on Friday when their stock dropped a certain percentage will see those same stocks hit new highs on monday, or Tuesday, or Wednesday...???
I'm just bringing this up here because I'm learning & testing my ideas against other ppls experience. Also ppl even newer than me need to be made aware that there are many ways & theories to trade.

 

[clowboy]

Out too soon,

What about those ppl that made money on friday?