Who is into the markets?

Spoolin335 · 01-03-2009, 01:23 AM

Ive been watching the markets everyday they are open and have made some pretty good coin so far. I bought in as soon as everything took a shit and pretty much hit rock bottom. Just today alone im up another $2100.

i know a lot of guys lost tons of money when the market crashed, but
who else is making money as the markets slowly recover?

sinnet112 · 01-03-2009, 03:11 AM

I've been making money on short-term trades (i.e. nothing too much longer than a week or two) just based on technical trading, but it was tricky for a while when the market wasn't moving based upon trends.

I was up about 55% on the year in my brokerage account (IRA, not so much...

) until one of the companies I bought had a class action lawsuit filed against it. I was originally up 28% on that stock, and now it's taken a bite out of my gains

There's money to be made, but this economy isn't in the clear just yet.

kyleb350 · 01-03-2009, 05:30 AM

lol, after the first trading day of the year, it's finally good to see a positive YTD on my 401k!

I am thinking about getting into some trading. Which online trading sites would you guys recommend?

MrHarris · 01-03-2009, 06:30 AM

Scottrade without a doubt!

Spoolin335 · 01-03-2009, 01:15 PM

any bank you are with is fine. i use BMO just because i have all my money with them and its easy to transfer to my trading account.

the only way to make money right now is to play the swings. the market is like a bungee cord.

mpimping · 01-03-2009, 01:20 PM

if you have less than 500k you can get a much better return playing poker or blackjack...

Spoolin335 · 01-03-2009, 01:27 PM

im not very good at poker, and blackjack takes come counting skills to have the advantage over the dealer..

johnnymu · 01-03-2009, 01:45 PM

Buy Precious Medals. Stocks 50% down in 2008. Plus Medals feels good when slept on.

J BONE · 01-03-2009, 01:56 PM

Quote:

Originally Posted by MrHarris

Scottrade without a doubt!

For regular trading this is a good platform. I like brokersXpress for option trading as well. Just getting into options so still learning!

J BONE · 01-03-2009, 01:57 PM

Quote:

Originally Posted by sinnet112

I've been making money on short-term trades (i.e. nothing too much longer than a week or two) just based on technical trading, but it was tricky for a while when the market wasn't moving based upon trends.

I was up about 55% on the year in my brokerage account (IRA, not so much...

) until one of the companies I bought had a class action lawsuit filed against it. I was originally up 28% on that stock, and now it's taken a bite out of my gains

There's money to be made, but this economy isn't in the clear just yet.

Those are some good results, especially in the crap year we just had. Congrats!

01-03-2009, 01:23 AM	#1
Spoolin335 Justin Herass 333 Rep 1,205 Posts Drives: X6M / M3 Join Date: Nov 2008 Location: Canada iTrader: (7) Garage List 2015 BMW M3 [0.00] 2012 Audi TTRS [10.00] 2012 BMW X6M [9.00] 2007 BMW 335i [9.00]	Who is into the markets? Ive been watching the markets everyday they are open and have made some pretty good coin so far. I bought in as soon as everything took a shit and pretty much hit rock bottom. Just today alone im up another $2100. i know a lot of guys lost tons of money when the market crashed, but who else is making money as the markets slowly recover?
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01-03-2009, 03:11 AM	#2
sinnet112 Major 30 Rep 1,118 Posts Drives: 2009 E89 Z4 Join Date: Dec 2006 Location: NJ iTrader: (1) Garage List 2007 335i Coupe [0.00] 2007 328xi Sedan [0.00]	I've been making money on short-term trades (i.e. nothing too much longer than a week or two) just based on technical trading, but it was tricky for a while when the market wasn't moving based upon trends. I was up about 55% on the year in my brokerage account (IRA, not so much... ) until one of the companies I bought had a class action lawsuit filed against it. I was originally up 28% on that stock, and now it's taken a bite out of my gains There's money to be made, but this economy isn't in the clear just yet. __________________ Z4 sdrive30i \| Deep Sea Blue \| Ivory White Nappa Extended Leather \| ZSP
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01-03-2009, 05:30 AM	#3
kyleb350 Brigadier General 424 Rep 4,709 Posts Drives: '21 X3MC Join Date: Jun 2008 Location: Milwaukee iTrader: (6)	lol, after the first trading day of the year, it's finally good to see a positive YTD on my 401k! I am thinking about getting into some trading. Which online trading sites would you guys recommend?
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01-03-2009, 06:30 AM	#4
MrHarris yodog 197 Rep 5,026 Posts Drives: '86 Corolla Join Date: Jun 2007 Location: Diamond Bar, Ca iTrader: (5) Garage List 2009 BMW [10.00]	Scottrade without a doubt! __________________ 2009 E92 M3 \| Alpine White \| Black Extended \| Advan RS \| Turner Test Pipes \| Dinan Axle-Back \| OETuning \| Eibach Springs \| UUC SSK \| VRS Front Lip \| VRS Type I Diffuser \| Matte Black \| RPi Scoops \| MS Filter \| Yokohama AD08 \| F1 Pinnacle Special Thanks: Gintani \| OETuning \| eAs
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01-03-2009, 01:15 PM	#5
Spoolin335 Justin Herass 333 Rep 1,205 Posts Drives: X6M / M3 Join Date: Nov 2008 Location: Canada iTrader: (7) Garage List 2015 BMW M3 [0.00] 2012 Audi TTRS [10.00] 2012 BMW X6M [9.00] 2007 BMW 335i [9.00]	any bank you are with is fine. i use BMO just because i have all my money with them and its easy to transfer to my trading account. the only way to make money right now is to play the swings. the market is like a bungee cord.
	Appreciate 0 Quote

01-03-2009, 01:20 PM	#6
mpimping Banned 820 Rep 336 Posts Drives: gti Join Date: Sep 2006 Location: ny,ny iTrader: (0)	if you have less than 500k you can get a much better return playing poker or blackjack...
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01-03-2009, 01:27 PM	#7
Spoolin335 Justin Herass 333 Rep 1,205 Posts Drives: X6M / M3 Join Date: Nov 2008 Location: Canada iTrader: (7) Garage List 2015 BMW M3 [0.00] 2012 Audi TTRS [10.00] 2012 BMW X6M [9.00] 2007 BMW 335i [9.00]	im not very good at poker, and blackjack takes come counting skills to have the advantage over the dealer..
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01-03-2009, 01:45 PM	#8
johnnymu Warranty Killer 126 Rep 1,015 Posts Drives: Nike shoe Join Date: Jun 2007 Location: cincinnati, OH iTrader: (4)	Buy Precious Medals. Stocks 50% down in 2008. Plus Medals feels good when slept on. __________________ EUROPROJEKTZ Midwest Member 08 335i Jet Black \| too much to name....
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