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FREE Stock,Forex, Binary Options....Trade Ideas!! Earn by my side

Discussion in 'Making Money' started by BigMoneyMike, Oct 21, 2012.

  1. BigMoneyMike

    BigMoneyMike Junior Member

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    I have decided to start this thread while I wait for the moderators to approve my Forex JV thread.

    I'm a day trader by profession and decided to share something of Value to this community as it has helped me a lot with my hobby as an IM'er.

    Here I will be posting trades that I will be making in the Stock, Stock option, and Forex Market...Along with my Daily Binary Options track record. Everyone is more than welcome to follow along. Ask as many questions as you like, no question is a dumb question.

    Hope you all enjoy!!

    *Reply to thread or PM me
     
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  2. BigMoneyMike

    BigMoneyMike Junior Member

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    Trade Idea: #1
    10/21/12

    Tomorrow I will be Buying Dec 12 700.00 call options for AAPL(apple) at an ask price of $7.60/share (equals $760 as there are 100 shares in each option contract)

    Sentiment: We have seen Apple trade above $700 this year, October historically being the weakest month of the Stock Market we can expect Apple to rally along side the "Santa Claus" rally and rumors of strong 4th quarter earning which Apple will be releasing on Oct.25th. Apple has been the "golden child" of the stock market this year despite it currently trading around $609, we can expect the stock to finish 2012 strong.
     
  3. Nikolay728

    Nikolay728 Newbie

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    Very interesting, I love the stock market, and my father is a day trader as well w/ options.
     
  4. sh0rn

    sh0rn Newbie

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    Who is your forex broker just out of curiosity and what pairs do you mostly trade? Can you give a 'brief' description of the indicators you primarily use? (not probing you I'm just curious because I have been out of the game for a few years but I like talking about it).
     
  5. BigMoneyMike

    BigMoneyMike Junior Member

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    Trade Idea #2 (Buy and hold for long term growth)

    1. National Oil Well Varco (NOV)
    2. Whiting Petroleum (WLL)

    Sentiment:
    We can expect crude oil to be between $114-$117 by the end of the year and Natural gas around the $4 range.With that being said we can expect energy stocks to thrive. These two stocks have a P/E ration below 16, Net Profit Margin about 10%, and total Debt/Equity ratio of lower than 0.4 as well as positive growth over the past 5 years, which makes these Solid Picks.
     
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  6. BigMoneyMike

    BigMoneyMike Junior Member

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    UPFX is the platform I use for forex. Trademonster for Stocks and Options, and I use several offshore brokers for binaries.

    Forex indicators i use primarily are Stochastic RSI and Parabolic SAR and Simple Price Action strategy.
     
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  7. BlueTurtle

    BlueTurtle BANNED BANNED

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    Hey,

    I have a few questions since you're open to them. :)

    Do you just trade at home with your own money, or are you actually a trader in the industry?

    Do you know what percentage of money in the various markets is controlled by professional traders vs how much is controlled by 'amateurs'. Ie, is the majority of money in the markets controlled by organizations that have teams of analysts etc. I'm wondering how viable pure bottom-up trading is basically.

    Day trading has a reputation as being very difficult and many sources say 80% of people lose money at it. I personally don't think it looks as difficult as people make out but I'm not going to bother with the markets until I have at least £1mil to spare. How long did you fail at day trading before you were successful and what's your thoughts on the difficulty level/required skills & knowledge?

    And lastly, what is it you do, bottom-up analysis, top-down, technical etc, or a mixture of all 3?
     
  8. Nikolay728

    Nikolay728 Newbie

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    80% of the people lose money because the market it unpredictable and they do not have any back up plans. Like you said, you will not play around unless you have a million euros to spare. In other words, you have that million invested into strong long term growth stocks, and day trade with other money.
     
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  9. BlueTurtle

    BlueTurtle BANNED BANNED

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    Well, 80% of people lose money because I think they just read about 'hot tips' rather than generating their own ideas. :)

    I personally don't think the long term value investing is the way to go by its self.

    I think the best option is going for long term investing but getting in and out at various points. Take a look at the price history of companies.. Look at major downs/ups, they never happen overnight. You'll maybe get a sharp drop of a few % like with Google the other day in a space of 10 minutes, but after that short drop it came back up 2-3%, then started to slowly go down.

    Generally stocks are very slow to change. What people seem to do is try to predict when a stock is bottomed out, then buy and try to predict when it's topped out and sell.

    Rather than do that what I'd do instead, and what I know some other traders do is wait for the change in trend. So if a stock is at 100 and you think it's maxed out, you wait until you start to see a downward trend. It might go up to 140, then it starts going down and you sell at 110. On the bottom end you might think it's bottomed out at 60, but it might continue to 30, then start rising and you buy at 50. You're not guessing, you're waiting for a visible trend.

    So my investing strategy would be long-term with intermediate buy/sells to make extra profit. I also lean more towards top-down analysis to find opportunities, then using bottom-up to find companies that I think will do well if the prediction of my top-down comes true.

    I don't claim to be an expert. I just enjoy finance/economics/math and I'm learning some stuff on the side while I build my marketing business so that when I have a few million, if I decide to I can become a full time trader since I would be extremely happy spending all day looking for trading opportunities in the economy.
     
  10. BigMoneyMike

    BigMoneyMike Junior Member

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    I trade 100% of the time at home now. I spent two years trading in the industry for a major corp. Decided i hated my boss and i could do this on my own with my own capital.

    90% of the market is controlled by the commercial and industrial financiers of the world and major hedge fund. The idea is to not go against the grain, but trade and make moves according to what their doing and how the system is designed, and it is SYSTEM, especially with the NYSE and CBOE.

    Day trading is Difficult. ONLY because most people don't have the discipline and are often taken over by the emotion of Greed(get rich quick) I've never failed at day trading. Losing some trades is part of the game. Once you have accepted the fact that you're not going to win every trade. It becomes a heck of a lot easier. Most of us don't know how to deal with failure. However it's only failure when you give up and don't take responsibility for your weaknesses that caused failure. However when i first started to trade binary options i tanked my account twice (started both times with only $100). Now I teach people on the regular how to start with only $500 and grow their account by 5-10% daily and within 2 months replacing their primary income. However it is Discipline and Money Management.

    All good traders know that it is necessary to be aware of all three types of analysis, but most sway to one form over another due to their individual style of trading. As far as knowledge and skills, you get out of it what you put into it. Whatever your profession is you didn't become that great in a day. It's a constant work in progress. Hey but what beats being your own boss?
     
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  11. BigMoneyMike

    BigMoneyMike Junior Member

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    Blue Turtle if you're looking into stocks..you should look into trading stock options instead of actually buying to own the stocks. Capped risk and infinite upside/downside profit potential.
     
  12. DutchTrafficService

    DutchTrafficService Regular Member

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    Get real, get out.
    Not even going to bother dumping a serious reply on this one, i hope (for god's sake..) that everybody can draw his own conclusions from this one.
     
  13. DutchTrafficService

    DutchTrafficService Regular Member

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    Infinite downside profit potential with options? Really...damn, thats something new... /sarcasm off
     
  14. BlueTurtle

    BlueTurtle BANNED BANNED

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    Yeah 90% is what I'd have thought.

    So basically when news breaks about things like Google missing analysts quarterly targets and the stock tanking it's not actually because people think the company is having problems, but because everyone knows that when a story like that breaks, the stock will tank, so everyone sells to get out and get back in later when it's low.

    I guess it's game theory coming into play?

    Ie, if it were 90% of people at home controlling the market it would be different, since most regular people think google are in trouble because they missed quarterly profit forecasts, then the stock would tank because people genuinely believe it's in trouble.

    So my thinking is that day trading and short term trading is less about the value of companies and trends in the economy, and more about how traders think other traders are going to react based on the situations.

    For long-term trading it doesn't seem too difficult to spot a definite downward and upward trend, but for day trading things happen so quickly it doesn't look quite so easy.

    With day trading you're competing against organizations that have computers doing the technical analysis and buying/selling based on those very quickly. How does this affect a trader like yourself who is looking at the charts by hand to decide when to buy/sell?
     
  15. BigMoneyMike

    BigMoneyMike Junior Member

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    If you don't know anything about what we're talking about on this thread..ask questions and LEARN and keep the negativity to yourself.
     
  16. BlueTurtle

    BlueTurtle BANNED BANNED

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    I'd never invest in binary options.
     
  17. BigMoneyMike

    BigMoneyMike Junior Member

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    You can make money with stock options if the market goes up OR DOWN!!!
     
  18. BigMoneyMike

    BigMoneyMike Junior Member

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    There are Binary Option traders turning $100 into $10k in a week on a regular basis through the power of compounding. Do a little more research before you come to thread with negativity. Thanks
     
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  19. DutchTrafficService

    DutchTrafficService Regular Member

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    Sure, but infinite profit potential with put options? A stock hits zero at one point...i think you mean calls..

    Also, i'm not being negative, i'm just pointing out that you are talking out of your ass :)
     
  20. BlueTurtle

    BlueTurtle BANNED BANNED

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    Sure, but predicting whether an entire market is going to go up or down is incredibly hard.

    It's one thing looking into the market conditions of a particular sector, then a company within that sector and making a prediction, but it's quite another to predict whether the entire market is going to go up or down. You'd need to take so many factors into account which is why imo it's basically gambling. If you can personally manage to make money from binary options then well done, but it's not for me. :)