Snype's short term trades in the stock market •$$$$$•

[Snype]

In this post I will document my short term trades to give you all an idea of how good or bad I do. I will document the day that I buy them and the day that I sold them and calculate the loss or gain. I've been trading for a while now and am pretty confident in my trades. If you see me making good profits then you'll have a heads up on what to buy and at what times to sell. This will also include shorting a stock. Short selling a stock is a way to buy stock that you want to crash cause you only make money if it goes down and you lose money if it goes up. I like to trade on news but sometimes there's no news so I make other trades. Think about if you short sold BP when the oil spill happened. You would have doubled your money in less than 2 months.

 

[Iron_Lion]

I've read a few of you posts, seems like you have a solid idea how to turn $$ turn into legit $$. I'll be following along.

Ha! not to mention, Im currently unemployed with lack of anything better to do.

 

[Snype]

Here are my buys for today and I don't know yet when exactly I'll sell them cause it depends on certain factors.

DRYS • Dry Ships • $4.13

CY • Cyress Simiconductor • $10.80

CIGX • Star Scientific • $1.50

SD • Sandridge Energy • $6.59

BP is at $30.75 right now and I'm waiting to buy it but there's still bad news right now. It is still a strong company so it would be really risky to short it right now. I'm keeping a close eye on the news and I'll be buying some of this real soon simply because of the 11% dividend yield and it's also down over 50% and one of the top company's in the world in terms of profits. They make over 68 million per day.

 

[Stoner4Life]

running the old 'pump & dump' right here
in the Toker's Den bro? have you no shame?

 

[ItIsTime]

In my honest opinion there are ways to manipulate the market to find ways to make quick cash, especially with non-W2 income...

BUT,

All that cash means jack shit when the dollar falls!


I wouldn't touch the stock market with a 10 foot pole. Wall st. is full of financial terrorists and criminals, and putting your money in is only supporting them. DEA wants to say growing/smoking/buying weed funds terrorism? Please. Putting money in the stock market fuels terrorism - financial terrorism.

With horrible outlooks on the Euro, most financial analysts say that the dollar will soon follow the fate of the euro.

I'll stick to non-W2 income, as I'd rather gamble it in poker, not the stock market.

 

[Snype]

In my honest opinion there are ways to manipulate the market to find ways to make quick cash, especially with non-W2 income...

BUT,

All that cash means jack shit when the dollar falls!


I wouldn't touch the stock market with a 10 foot pole. Wall st. is full of financial terrorists and criminals, and putting your money in is only supporting them. DEA wants to say growing/smoking/buying weed funds terrorism? Please. Putting money in the stock market fuels terrorism - financial terrorism.

With horrible outlooks on the Euro, most financial analysts say that the dollar will soon follow the fate of the euro.

I'll stick to non-W2 income, as I'd rather gamble it in poker, not the stock market.

Yeah I feel what your saying but your poker winnings wouldn't be shit either cause they are still dollars too. Regardless how the dollar does, you can still make millions in the market on short term trades. This isn't about any of that though, this is about specific stocks. Even when the market was crashing, there were still certain stocks making new highs. You just have to pick right. I play a lot of poker too and you can do well but you can't make what you make in the stock market. Maybe you get lucky and win a world series but it's not likely to happen.

 

[ItIsTime]

Yeah I feel what your saying but your poker winnings wouldn't be shit either cause they are still dollars too. Regardless how the dollar does, you can still make millions in the market on short term trades. This isn't about any of that though, this is about specific stocks. Even when the market was crashing, there were still certain stocks making new highs. You just have to pick right. I play a lot of poker too and you can do well but you can't make what you make in the stock market. Maybe you get lucky and win a world series but it's not likely to happen.

Yes, everyone loses when currency fails.

I still don't support financial terrorism or the criminals on wall st.

 

[MarquisBlack]

MAD MONEY w/ Snype

 

[ItIsTime]

Now all we need is Jon Stewart to decimate him!

Then Alex Jones comes in for the kill

 

[Snype]

So it's been 24 hours and it was a great day in the stock market. Normally with the way that the market has been going, I would sell some stock here but with all the economic data, the risk to reward benefits me more so I'll be holding on at this point. Here is how I did in the last 24 hours:

DRYS • Dry Ships • bought at $4.13; currently at $4.30 (+5%)

CY • Cyress Simiconductor • $10.80; currently at $11.33 (+5%)

CIGX • Star Scientific • $1.50; currently at $1.55 (+3.33%)

SD • Sandridge Energy • $6.59; currently at $6.78 (+3.33%)

That's over a 4% return on my money in one day.

 

[junior_grower]

I love the market but 7-10 dollars a trade and the 2-3 pips for currency take a bite out of the bottom line.

 

[Snype]

I love the market but 7-10 dollars a trade and the 2-3 pips for currency take a bite out of the bottom line.

When your trading hundreds of thousands of dollars, $7 a trade is penny's. Plus they are giving you 4x margins on stocks and 10x on futures. Etrade sucks but you can go with interactive brokers and you don't pay the $7 per trade but you have to qualify for an account. The only good thing about Etrade is their Power Etrade Pro platform which is off the hook. On a good day in the market I trade over a Mil. On a bad day I trade a few hundred thousand.

 

[s13sr20det]

*subscribed*
hopefully i can learn a thing or two...

 

[Snype]

Tomorrow could be the big fear trade on BP. I'm not thinking of shorting it or anything but I've seen what fear can do in the market when they make you think that things may be worse than they are and everybody sells their BP stock tomorrow. If it loses at least 15% then I'll have to pick some up. Yeah it's going to cost a lot of money to clean it up and pay out the claims but I really don't believe that they will go bankrupt or anything like that. If the fear sets in tomorrow then the stock may get oversold and I'll buy it for a really quick trade. These trades are hard to make and you really have to pay close attention to the volumes to get an idea of where to pick your spot that day to buy. Most of the selling should be at the beginning of the day in extended hours and maybe last a little after opening but with Obama speeches coming throughout the day, that could change. If the selling continues throughout the day then I'll buy right before the market closes.

 

[cyberwax]

Pretty cool topic actually, something different, i'd rather hear more about how you do it, what programs, where you get the ideas on what to etc, more info would be appriciated as im 100% fresh in this game.

 

[Snype]

Pretty cool topic actually, something different, i'd rather hear more about how you do it, what programs, where you get the ideas on what to etc, more info would be appriciated as im 100% fresh in this game.

That's a very good question Cyber and it is a little complicated. I'm constantly changing my trading strategy depending on what is going on in the market. I used to look at where the dow jones was at before all the banks and GM fucked up the dow so now I pay more attention to the S&P 500. I look for head and shoulder patterns in the 50 day moving averages and the 6 month moving averages. I also make comparisons. I look at where stocks are at in terms of how low they went when the market crashed and what sector that they are in, in the market. I ask myself questions like, is that sector going to move with a recovery or will it take longer to move. For example, in my opinion, banks are one of the first signs you're see movement in and it'll come with large cap banks. When you see that move, then it will go to the small and mid cap banks. Once I finish my bank trades, then I go to the casino stocks. I made a lot of money trading LVS (Las Vegas Sands) and I got in at $5.00 and now it's over $25 / share. I knew that I wanted to trade casino stocks at the time but didn't know which one to trade. I looked at all the casino stock charts and and compared all the old highs on them and the new lows and looked for the best risk to reward. I was stuck between LVS and MGM and I chose to go with LVS because they were at the same prices but LVS was a lot higher in the highs around $150 a share and I got in at $5 a share. I even flew out to the casinos to see how things were going and MGM was dead so I went with LVS and it payed off just as I thought it would. I quadrupled my money on that stock in a short time. After that I went with retail and in my opinion the dry bulk shipping stocks will be one of the last to move in the market and need a real recovery to make their huge gains back. Once the market makes big moves on the upside, I start shorting the market because I don't believe that the economy is as good as people think so it's more likely to come back down as hedge funs take their profits. I'll go into more details but your strategy should be changing all the time depending on what is happening in the world. The only program that I use is Power Etrade Pro and I love it compared to Interactive Brokers platform. A good thing to do it you're scared is to look for stocks that are very low and buy a lot of it and protect yourself buying PUT OPTIONS as insurance against you stock. Buying put options when the VIX is low is the best time to get cheap prices on options. I'm always looking at charts and writing down what levels I want to start my buying on certain companys. It's a little complication to explain but I'll keep getting into my strategies as time goes on and you'll see why I do what I do.

 

[Guest 26753]

What's your opinion on CBIS? Are you going to invest? I see hundreds of alerts that this is a hot stock.

 

[lidspinner]

so lets say I give you a thousand dollars....if I told you to take that money and I dont want to see it till Christmas, whats a realistic return on my thousand? after you take commission? Just wondering....I have no idea about the market....but yes, very intersting and I will be following this topic.

 

[Snype]

What's your opinion on CBIS? Are you going to invest? I see hundreds of alerts that this is a hot stock.

Looks like some legal problems are going on with them right now and they seem to like to talk a lot of shit back and forth. Back in July they jumped from 30 cents up to $1.44 in one day and now they are down to 10 cents. I wouldn't trust a company that's run by pot heads and I personally don't invest in companies less that $5/ share. 10 cents can be a penny in a matter of minutes. Think about it this way, only $40,000 per day get traded in that company so if you buy a bunch of shares and want to sell them, they will be sitting on the market for a while. I'll put an order in for a penny a share just for fun to see what happens. That's a funny company though. I didn't know they had cannabis in the market. Pretty cool!

so lets say I give you a thousand dollars....if I told you to take that money and I dont want to see it till Christmas, whats a realistic return on my thousand? after you take commission? Just wondering....I have no idea about the market....but yes, very intersting and I will be following this topic.

Put your $1000 in an Etrade account and I'll tell you 4 stocks to buy to split the risk. Because it's not a lot of money, that is more of a buy and hold till Christmas with no real trading but you'll get at least a 50% return on your investment.

 

[Snype]

Just found out today that BP isn't paying out their dividend this year so there will be no trading with BP for me.