![]() |
|
Welcome to the TeakDoor.com forums. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. |
| |||||||
| Business, Finance & Economics in Thailand All about money and finances in Thailand and Asia; interest rates, stock market & commodities investing, banking and buying shares. |
![]() |
| | LinkBack | Thread Tools | Search this Thread | Display Modes |
| | #121 (permalink) |
| Suspended Member Join Date: Mar 2006
Posts: 11,894
| ^ talk about a risky portfolio, went from a strong positive to a negative in little over a week, IMO, you are not diversified enough and it's pretty clear your portfolio is too strongly correlated with oil, way too risk for the little return you get Another reason why individual investors should stay out of the Stock Market, they have tendency to invest in related industries or securities with too strong correlated market factors You need to diversify, |
| | |
| | #122 (permalink) | |
| Senior Member Join Date: Jul 2006
Posts: 7,968
| ^ This is a game for Teakdoor and doesnt reflect my current trades in real life. Dont confuse the two things because they are not the same. Sure enough, after a few rough days the ferts are back down to the price I paid for them with imaginary money. It aint the end of the world. Quote:
| |
| | |
| | #123 (permalink) |
| Suspended Member Join Date: Mar 2006
Posts: 11,894
| ^ yeah, but that assume people doing this on a constant basis, following the news, and prices, hourly or at least daily, most individuals don't have the time, and will buy things and forget about it, what you are doing is called day trading, not something for everyone or as simple as you make it sound. |
| | |
| | #124 (permalink) | |
| Senior Member Join Date: Jul 2006
Posts: 7,968
| Quote:
Now we wait, I did the due diligence on these companies and believe in their future. I held them long upto their recent highs and so when RSI indicated overbought. I bought back in after the correction (too early really before macd crossover but what the hell this aint real money) and started the thread. I haven't got any longs placed in real life in any of these companies, maybe next wednesday when POT reports. | |
| | |
| | #125 (permalink) |
| Senior Member Join Date: Jul 2006
Posts: 7,968
| Lets have a look at the chart for MOS, what we have forming could be whats called a "double bottom', thats the shape thats on the right hand side, a bit like an incomplete "W". Things can go one of two ways from here, we can plunge to the next support level at around 120$ and maybe all the way down to 115.43 (closing price May 27th) which would be really bad OR we can bounce back from here next week and maybe earn a few quid. Difficult call, lets wait and see what cards we get dealt next week. |
| | |
| | #127 (permalink) |
| Senior Member Join Date: Jul 2006
Posts: 7,968
| I added 100 SKF Financials Ultrashort today. This is basically an "electronically traded fund" when the financial companies share prices fall, its price goes up. The rally in the financial companies over the last few days took the price of skf from 210$ all the way down to a support point today at 131. I bought a 134.75 ish. Im gonna slowly add to this postion over the next few days weeks, SKF is a real money maker but you gotta get the entry and exit point right otherwise it can bite you on the arse if it reverses on you. I'm looking at a three month trade on skf, right up to the next earnings season. |
| | |
| | #130 (permalink) | ||
| Senior Member Join Date: Jul 2006
Posts: 7,968
| Quote:
Quote:
| ||
| | |
| | #132 (permalink) |
| Senior Member Join Date: Jul 2006
Posts: 7,968
| Big gain yesterday, big move down today. Still waiting for POT earnings on Thursday. Freeport McMoran copper and gold reported earnings today,they missed estimations and recorded a 14% profit loss caused by a poor seam of material at their huge mine in Indonesia. The stock got crushed like the rock they mine The financial sector continues to defy logic again today, one bank in America today, Wachovia Corp. reported that it lost 8.9 billion dollars in the last three months and will slash the dividend 87 percent and eliminate 6,350 jobs... The stock price went up 28%!... Freeport McMoran made a profit of 947 million dollars over the last three months, their price fell today by 6%! bonkers! I bought another 50 of the ETF, SKF today. Like i said ealier I'm gonna keep on buying these during this financials rally. The idea is that the steam will run out of the rally and people will sell off the shares and it'll be back to a bear market. Thats when the profit for SKF should kick in. Its gonna look like a losing trade for a while but I think it will turn a good profit in a couple of months. Dont forget, the value of SKF goes up when the value of financial companies goes down, its a "short" trade. Weakness in oil didnt help the fert companies today, the dollar had a little run today and that pushed oil lower. Roll on tomorrow, another day, another play. |
| | |
| | #135 (permalink) |
| Senior Member Join Date: Jul 2006
Posts: 7,968
| ^ No offence taken, if I was day trading like butterfly said then I would have sold out when it was 11,000$ up. Things have gone tits up on here because of oil prices fluctuating. But oil is all over the place at the moment. Its a waiting game to see what happens next. Just added another 50 SKF at 113.00$ Financials are rallying on "irrational exuberance" according to a few heads on Bloomberg tv. There might be an element of truth in that. |
| | |
| | #136 (permalink) | |
| Suspended Member Join Date: Mar 2006
Posts: 11,894
| Quote:
you are focusing mainly on prices and charts to make your moves, not going for the long run and accepting corrections, you have the stop order taking over, not saying what you are doing is entirely wrong, but just logical in a day trading approach Waiting for your red telling me how I am being rude for pointing the obvious | |
| | |
|