Any Traders in AI ?

Posted:
in General Discussion edited January 2014
I trade in the Stock Market and it has been a good month. I bought in Oct and just sold:



Palm stock Sold at $18.09



<a href="http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=palm&sid=0&o_symb=palm"; target="_blank">BigCharts Link</a>



Also Bought in Oct and just sold Ciena Stock:



<a href="http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=cien&sid=0&o_symb=cien&freq=1&; time=8" target="_blank">BigCharts Link</a>



Anyone else a trader?



If so what do you see out there...



What to buy?



Fellows
«1

Comments

  • Reply 1 of 27
    I don't know how to get in. I have very little to start with- maybe 2-3 thousand dollars. <img src="confused.gif" border="0">
  • Reply 2 of 27
    [quote]Originally posted by ShawnPatrickJoyce:

    <strong>I don't know how to get in. I have very little to start with- maybe 2-3 thousand dollars. :confused: </strong><hr></blockquote>



    thats more than enough to do a little fun. i played the market for about a year basing off of $500. in the end, i wasn't putting enough attention into it, and i lost more than i gained. if u really want to start, i suggest u check out <a href="http://www.fool.com."; target="_blank">www.fool.com.</a> i really liked the advice and the thought-process behind it. u can open an account with several brokers (like ameritrade) for about 5 hundy (if memory serves), so a few grand would be clear. one of the great parts about these places, is u can buy odd-lobs.



    [edit: note to self: words must be typed, via keyboard]



    [ 11-25-2002: Message edited by: thuh Freak ]</p>
  • Reply 3 of 27
    Knee deep in Munder Future Tech B. (I know, traitor, but hey, if M$ has the stock price and Apple doesn't....)
  • Reply 4 of 27
    [quote]Originally posted by ShawnPatrickJoyce:

    <strong>I don't know how to get in. I have very little to start with- maybe 2-3 thousand dollars. :confused: </strong><hr></blockquote>





    I would open an Ameritrade account. I started with a Datek account and Ameritrade bought Datek. Datek was Fast with orders. Most were filled on average in 2 seconds. Market orders that is. Also Datek had a wonderful "Real Time Streamer" where by you can type in all the stock symbols and watch the stock move if you so want. Ameritrade kept this wonderful Streamer.



    Also as was mentioned above Fool.com is great



    also<a href="http://cbs.marketwatch.com/news/default.asp?siteid=mktw&avatar=seen"; target="_blank">CBS Marketwatch </a> is a great site to read over.



    As is <a href="http://www.ipohome.com/default.asp"; target="_blank">IPO Home</a> There are some good IPO's still. Just not near as many as before and it now takes about a month or longer to make a great return instead of the one day returns of days gone by.



    Look at this link: I wish I had bought LeapFrog they make the little electronic books for children. My niece has two of their books.



    <a href="http://www.ipohome.com/marketwatch/topfive.asp"; target="_blank">Top IPO list</a>



    Good Luck



    Fellowship



    [ 11-25-2002: Message edited by: FellowshipChurch iBook ]</p>
  • Reply 5 of 27
    scottscott Posts: 7,431member
    My plan is to average in over the next 30 years.



    If/when I'm full time where I work my employer has double matching for the 401k. You put in $1 they put in $2. Nice huh?
  • Reply 6 of 27
    SPJ check out the Ameritrade Website.



    They are offering 25 "no charge" trades with a new account!!! Not bad !



    <a href="http://www.ameritrade.com/"; target="_blank">Ameritrade Link</a>



    Fellowship



    [ 11-25-2002: Message edited by: FellowshipChurch iBook ]</p>
  • Reply 7 of 27
    der kopfder kopf Posts: 2,275member
    Does nobody have any problems, conscience wise, with trading?



    I know there is quite some opposition against it in anti-globalist circles, claiming it is a kind of business which can only be performed by the highest classes, and which is in practice exempt from taxes (and which actually is an open terrain for all kinds of shady money transfers, and money-laundring).



    Not only that, but one gives ones money to a big corporation, which then does with it what it wants. A case which gets even worse in 'group trading', where one is promised a certain interest, without any information on the type of trading involved. One runs the risk of actively promoting something which one verbally contends with in daily life. 'Unethical' corporations as arms producers, polluting industries, companies exploiting free (sometimes child) labour in third world countries...



    I do not plea for a ban on trading. But it is very hard to know where one's money is going, how it is spent. We all have, (at least, such is the idea I get, living in this world) blood on our hands. (many people have, unwittingly, some piece of clothing made by children, some piece of electronics made by exploited asian folk, some piece of furniture made of precious rain-forest woods and by (again) children (anybody ever heard of, be it rumor or fact, 'evidence' incriminating IKEA in this matter).



    However, where does one place a boundary. Some propose the celebrated Toibin-tax. This would in effect involve a minimal tax on every trading transaction, the benefits of which would go to aid for third world countries.



    In any case, I have a very strong distrust of trading, and so do many people who care about tomorrow's world.



    I think this discussion would beift these boards better than tips on how to gain some (even) more personal profit.
  • Reply 8 of 27
    der kopfder kopf Posts: 2,275member
    and Fellowshipchurchibook:



    not targetting you or anything, but do you not think that your sig is over the top? It is, on average, longer than your posts. I'm sure there's some rule that would advise against such a thing.



    I for one would appreciate it if you'd tone it down a bit.
  • Reply 9 of 27
    [quote]Originally posted by der Kopf:

    <strong>and Fellowshipchurchibook:



    not targetting you or anything, but do you not think that your sig is over the top? It is, on average, longer than your posts. I'm sure there's some rule that would advise against such a thing.



    I for one would appreciate it if you'd tone it down a bit.</strong><hr></blockquote>



    Ah, leave the poor bastard alone. That's how he gets his woodys, can't we leave him to his fun?
  • Reply 10 of 27
    [quote]Originally posted by der Kopf:

    <strong>Does nobody have any problems, conscience wise, with trading?



    I know there is quite some opposition against it in anti-globalist circles, claiming it is a kind of business which can only be performed by the highest classes, and which is in practice exempt from taxes (and which actually is an open terrain for all kinds of shady money transfers, and money-laundring). Not only that, but one gives ones money to a big corporation, which then does with it what it wants. A case which gets even worse in 'group trading', where one is promised a certain interest, without any information on the type of trading involved. One runs the risk of actively promoting something which one verbally contends with in daily life. 'Unethical' corporations as arms producers, polluting industries, companies exploiting free (sometimes child) labour in third world countries...



    Not only that, but one gives ones money to a big corporation, which then does with it what it wants. A case which gets even worse in 'group trading', where one is promised a certain interest, without any information on the type of trading involved. One runs the risk of actively promoting something which one verbally contends with in daily life. 'Unethical' corporations as arms producers, polluting industries, companies exploiting free (sometimes child) labour in third world countries...





    I do not plea for a ban on trading. But it is very hard to know where one's money is going, how it is spent. We all have, (at least, such is the idea I get, living in this world) blood on our hands. (many people have, unwittingly, some piece of clothing made by children, some piece of electronics made by exploited asian folk, some piece of furniture made of precious rain-forest woods and by (again) children (anybody ever heard of, be it rumor or fact, 'evidence' incriminating IKEA in this matter).



    However, where does one place a boundary. Some propose the celebrated Toibin-tax. This would in effect involve a minimal tax on every trading transaction, the benefits of which would go to aid for third world countries.



    In any case, I have a very strong distrust of trading, and so do many people who care about tomorrow's world.



    I think this discussion would beift these boards better than tips on how to gain some (even) more personal profit.</strong><hr></blockquote>





    You may not know this but you have not a CLUE what you are posting here... I hate to say but this shows a level of ignorance on your part about this subject.



    Let me help you to understand this a little better:



    Let's walk through this:



    [quote]<strong>I know there is quite some opposition against it in anti-globalist circles, claiming it is a kind of business which can only be performed by the highest classes, and which is in practice exempt from taxes (and which actually is an open terrain for all kinds of shady money transfers, and money-laundring).<hr></blockquote></strong>



    I am not talking about day trading where I sit in front of the computer all day long and close out all of my trades at the end of the trading session. That is another issue all together. I am a trader who buys and holds short term like a month or two and sells. Takes very little of my time. Tax exempt? not quite... not in the US anyway. I pay my income tax rate on the Short Term Capital Gains. If an asset were held over 12 months then I would pay Long Term Capital Gains Taxes. I have paid tax on every Gain. It is tracked and the IRS gets a statement of my earnings from my Brokerage Firm. Laundering money? Wow.... I am not aware of this going on with traders who open an individual account and trade stocks.



    [quote]<strong>

    Not only that, but one gives ones money to a big corporation, which then does with it what it wants. A case which gets even worse in 'group trading', where one is promised a certain interest, without any information on the type of trading involved. One runs the risk of actively promoting something which one verbally contends with in daily life. 'Unethical' corporations as arms producers, polluting industries, companies exploiting free (sometimes child) labour in third world countries...<hr></blockquote></strong>



    Ummm I do not "give" money to business when I buy stock from the prior stock holder and I have no idea who that is. There are always buyers and sellers of stock. I am a willing buyer and there are willing sellers. Just like when you buy a used car from an individual. You did not buy that car from the Manufacturer rather an individual who happens to be a willing seller. Same with Stocks. Buyers and Sellers agree on a price of a transaction. No money going to corporations.





    As for the closing half of your post I can only tell you that you are not aware of what it is I am talking about here in this thread. Morality about child labor, emvironment, etc. has not any relationship to the issue of buying and selling stocks.



    The market has a dynamic price that is agreed upon by the willing buyers and sellers. Same is True with antique traders or Baseball Card traders.



    There are no victoms involved with a transaction agreed upon by both the buyer and the seller. If both desire to perform their end of the transaction it is a market.



    I hope this has helped.





    Fellowship



    [ 11-26-2002: Message edited by: FellowshipChurch iBook ]</p>
  • Reply 11 of 27
    [quote] As for the closing half of your post I can only tell you that you are not aware of what it is I am talking about here in this thread. Morality about child labor, emvironment, etc. has not any relationship to the issue of buying and selling stocks. <hr></blockquote>



    I have to disagree with you here. The quest for higher profits and better stock prices is what leads companies to do morally or ethically questionable activities. By purchasing a stock you are validating the activities of the company that issued the stock.
  • Reply 12 of 27
    [quote]Originally posted by trick fall:

    <strong>



    I have to disagree with you here. The quest for higher profits and better stock prices is what leads companies to do morally or ethically questionable activities. By purchasing a stock you are validating the activities of the company that issued the stock.</strong><hr></blockquote>





    If you want to believe that then I would say you are entitled to buy as you see fit a company or not at all for that matter.



    Buying or selling Stock is no different than buying consumer products at the marketplace. If you are in the market to purchase a sweater you can choose what manufacturer you choose based on your morality inclinations.



    The company "make any up for this example" has no idea when I buy the stock and sell it. I usually buy the stock after a company has done poorly because I am an optimist and do not believe the company "at least the one I chose after research" will stay at that low point. I buy it thinking that in the case of "company involved" that things will turn around.



    Not all corporate leaders are currupt.

    curruption goes on if I buy and sell stocks or if I put my money under the mattress.



    Fellowship



    [ 11-25-2002: Message edited by: FellowshipChurch iBook ]</p>
  • Reply 13 of 27
    trowatrowa Posts: 176member
    I have an E-Trade account from my old company stock, but it's just cash sitting there since they went private again. A Dot-Com bomb if you will. Is Ameritrade a lot better than E-Trade? I was thinking of Datek (now Ameritrade I guess).
  • Reply 14 of 27
    [quote]Originally posted by trowa:

    <strong>I have an E-Trade account from my old company stock, but it's just cash sitting there since they went private again. A Dot-Com bomb if you will. Is Ameritrade a lot better than E-Trade? I was thinking of Datek (now Ameritrade I guess).</strong><hr></blockquote>



    I am not familiar with how great the service is with E-Trade but the Website quality is so good with Ameritrade that I could not imagine it being any better. All information on your account is kept updated at real-time. Not information reported from the previous days close. Their streamer is wonderful without a flaw. Streaming real time quotes where you can enter in many many many stock symbols and watch the stocks move. The execution time of the transaction is so close to instant I could not imagine any better. IPO access is 100%



    Ameritrade today is what I was used to with Datek.



    It is simply so good I have no reason to change.



    Here is a pic of my Ameritrade Streamer:







    I may open up an E-Trade account just to have my options open. Use both.



    Fellowship



    [ 11-25-2002: Message edited by: FellowshipChurch iBook ]</p>
  • Reply 15 of 27
    scottscott Posts: 7,431member
    My plan is to average the blood on my hands over 30 years.
  • Reply 16 of 27
    [quote] Not all corporate leaders are currupt.

    curruption goes on if I buy and sell stocks or if I put my money under the mattress. <hr></blockquote>



    I agree with your first statement, but not the second. Large institutional investors have convinced corporations to change their practices by refusing to buy their stocks and hey, kids had an impact on McDonalds by not protesting and boycotting their products influencing them to become a little more enviornmentally conscious.
  • Reply 17 of 27
    [quote]Originally posted by trick fall:

    <strong>



    I agree with your first statement, but not the second. Large institutional investors have convinced corporations to change their practices by refusing to buy their stocks and hey, kids had an impact on McDonalds by not protesting and boycotting their products influencing them to become a little more enviornmentally conscious.</strong><hr></blockquote>





    That is all well and good.



    I just am not such an activist most of the time when I choose to trade.



    This thread is about trading.



    One thing to put pressure, is another subject trading stocks.



    With respect,



    Fellowship
  • Reply 18 of 27
    trumptmantrumptman Posts: 16,449member
    I don't play in the stock market because the return isn't good enough for me.



    I much prefer Real Estate, much higher returns for the money invested.



    Nick
  • Reply 19 of 27
    [quote]Originally posted by trumptman:

    <strong>I don't play in the stock market because the return isn't good enough for me.



    I much prefer Real Estate, much higher returns for the money invested.



    Nick</strong><hr></blockquote>



    I am in Real Estate too Nick



    I love every part of Real Estate except the property taxes. Last year paid $40,000 in Property taxes alone. Ouch....



    Ouch Ouch Ouch...



    Fellowship
  • Reply 20 of 27
    der kopfder kopf Posts: 2,275member
    Look, Fellow, if you buy stock in a company, you are pushing forward that company, even if you paid another person, who doesn't have nothing to with that company.



    It is, to extend the blood on hands metaphor, not only as if there is blood on your hands (as if you just buy shady furniture, or eat at a shady chain of restaurants), but you are actually holding a weapon. You are so much into getting more personal gain that you participate in a company (i.e. hold some of its stock) doing evil.



    Also, there is a another angle to trading and gaining money without work. In Biblical terms, there is a certain people (let's not name them, this not about them now) who are known as loan sharks, traders, and therefore as heathens, up to burn in hell.



    What is this obsession with getting more money? I mean, fellow, you are, at times, a bit evangelicising (?) but you go ahead and perform many actions that go against the very nature of christianity.



    What you are doing here, it is a capital sin, fellowship, called GREED.



    Or wouldn't you agree? I'd like to know how you look on this.
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