Stocks and Trading Thread - Channeling your inner Mono

[MadImmortalMan]

Wonderful open.   

[MadImmortalMan]

For the game:


***Bear Portfolio-

Bought 15,000 shares FAZ.



***Bull Portfolio-

Bought 5000 shares TNA

Bought 4000 QQQQ

Bought FAS 2000

Bought AAPL 500




***Eurocrash Portfolio-

Bought 15000 FAZ

Shorted the euro with all of the margin I have available in forex.


I would never do any of this in real life. 



Edit: I'm trying to sell short Barclay's and Santander, but I guess I can't.

Added 5000 SH to bear portfolio.

[MadImmortalMan]

I'm selling the AAPL out of the bull portfolio--rumors of accounting irregularities, plus it was up big today.



In real life, I sold SPY calls from yesterday at the top and bought puts. Then I sold the puts near the close. So...can't get much better than that. Made about $5500 on those two trades together. woot. I also sold off my Apple calls and my whole position in McDonald's. All I have left is 100 shares of PM and a couple small option positions (January calls on KO and November puts on USO).

[MadImmortalMan]

Shorting AAPL here.

[Barrister]

Shorting AAPL here.

That sounds unwise.  New iPhone coming out in a couple weeks.  Short term I would expect a bump, not a slide.

[Tamas]

Damn. I was super-bored at work and wanted to see if I can scalp the DAX. Surely to the shock of many, I can't. So while I catched this nice fall after the Fed, I will close the day in the red. 

[Admiral Yi]

BeetMaster: do not be conned by MIM's stories of massive day trading profits. 

[MadImmortalMan]

BeetMaster: do not be conned by MIM's stories of massive day trading profits. 

Sadly, some of my stories are of massive losses. A quarter of my portfolio were in short-term calls at the beginning of August.  Not doing that again.

I want everything to go back to where it is not necessary to watch the shit like a hawk anymore.

[Caliga]

I want everything to go back to where it is not necessary to watch the shit like a hawk anymore.

GL with that, chief.

[Ed Anger]

Fuck it.

[MadImmortalMan]

Shorting AAPL here.

That sounds unwise.  New iPhone coming out in a couple weeks.  Short term I would expect a bump, not a slide.

Closed my AAPL short for a 500 dollar gain.        Edit: Should have held on for longer. The stock is exhausted.

That makes up for the losses in my PM stock overnight.  Doesn't the stress make you guys want a cigarette? Go on, light up.
I think gold is going to 1600. Unless more QE happens.

[Ed Anger]

I'm dipping my toe back in with my day trade fund.

[Richard Hakluyt]

MIM, could you share your thoughts about why the gold price is likely to fall?

[MadImmortalMan]

MIM, could you share your thoughts about why the gold price is likely to fall?

Weak euro and strong dollar=gold down. In a nutshell. I think no US easing to keep the dollar parity with the falling euro is bad for gold prices. Things could change if the euro finds a way to get stronger, but I don't think Europe wants that.

[Richard Hakluyt]

Ah, I see..........so the price could even hold in terms of euros.