You aren't even in the same league as me, I've transferred over 2.2 points this week in profits, did you make your 1 point this week?
"Jeffbeck283 • Mar 6, 2015 4:56 PM"
"I've posted many times I'm happy with making 1 point a week in MSFT. Don't laugh, there are 52 weeks in a year and just playing 1000 shares makes $52,000 a year. In fact I don't need to trade anything else. If a "DAYTRADER" can't pocket 1 point a week in MSFT he don't have any business trading stocks."
I am not in competition with you or anyone else, some folks have a short bias that works for them, some folks have a long bias that works for them. But just for, went back and looked at what I transferred for profits so far this week, Fidelity has posted a total of $2,256.56 transferred for profits that were completed this week with date stamps listed as 01/04 and 01/05, unless you are calendar challenged, that was for Monday and Tuesday of this week.
I bought 300 shares yesterday on the last dip below $53 at $52.99 and was out within approximately 20 minutes when my limit order of $53.38 was hit. I didn't post that because of the small number I traded, so your point on 12 minutes?
Still comes down to purchasing power, not the number of jobs, that will drive consumer spending. As far as any trading that I've done is Microsoft, you can call it disastrous, me, I am in at a good price, just not the best price, but at least I was honest about the range of my entry points, am I happy about where MSFT is currently trading, no, but I also don't panic on price swings, stuff goes up, stuff goes down. My sell limits that I have will get hit soon enough, in fact, I'll probably increase my sell limit orders to make at least $1/share as the price appears to be recovering nicely at this point.
I watched a news clip about all of the crimes that these "new immigrants" are causing in Germany, it appeared to me that the average German person is furious with their government in the escalation of crimes in Germany. It also appears that the German government is using the German media to keep things quiet that the German government made a bad call and now the German citizens are suffering for it. Things could get ugly in Germany between the German citizens and their government.
Number of jobs gained is meaningless if the wages paid are significantly less than 293K that were lost. If 293K jobs lost averaged $40K per year were replaced by 293K added averaging $25K per year, then do the math, $11,720,000,000 minus $73,250,000,000 = $4,395,000,000 - means that there is not any discretionary wage growth the drive this economy, there is a wage deficit. meaning less money for consumption taxes. The only thing that was done was to get 293K people into jobs so they are not committing crimes. Exactly where would the additional $4,395,000,000 in consumer spending come from since it would have not been created? $4,395,000,000 / 25000 = 175,800 additional jobs would need to have been created to replace the purchasing power. A minimum of 468,800 jobs would have had to be created making $25K per year to equal the discretionary spending of jobs lost. 293K jobs? Really? These people hired are making a higher wages to replace that $4,395,000,000 shortage in consumer spending?
Obama can do as many Executive Orders that he wants, doesn't mean Congress will let those go unchallenged and allow them to stand as law.
We don't need a President that lost over 2000 weapons and 170 crimes committed with those missing weapons under the nose of his Attorney General Eric Holder. Holder was never held accountable. The last thing we need is this disaster of a President to try to foist public safety all while trying to figure out he has no legacy to leave as President and is desperately seeking one, he's grasping at straws and is desperate. When the history books are written, the definition of mediocre will have the picture of Obama, no other words needed.
I didn't have ALL OR NONE specified on the lot, it was only 100 shares, 65 shares got filled, the remainder of the BUY order got cancelled when the market opened, it wasn't sloppy, was just cherry picking the low in premarket. I had another 100 shares that I bought at the same price, that got filled, so what's your point on the partial fill? The number of partial fills that I have run into the past are actually rare for me. Sloppy is staying with a firm that doesn't get your trade executed and gives you BS like "Sorry the market was moving to fast and your order didn't get executed". That is why I no longer use Scottrade.
It would seem that I was a bit aggressive yesterday going into Microsoft, but I also have an exit point when trades to go against me. If MSFT drops down to my exit point, I won't even blink an eye, will pull the trigger to exit, one thing I learned quite awhile ago is to live to trade another day. I don't ride trades down and cry BOO HOO HOO, why didn't I get out when I should have. I also don't panic on relatively minor swings in the price, cause stuff goes up but it also goes down. To keep losses in perspective, what I do is fondly think back how my ex-wife took me to the cleaners and I came out of the other side with $750K lighter in the wallet. If MSFT does hit my sell limit, I am out,
I have an account thru Fidelity that lets me trade premarket and after the market closes during extended hours. You have to be nimble because the spreads widen quite a bit. I don't ever remember doing anything before 8:00 AM. This morning the drop certainly raised my eyebrow though.
The game is speculation. There is nothing you can do except observe when the market makers choose to make the size of BID lots smaller so that it is easier to sell / short and to make the size of the ASK lots larger so that it take greater determination on the part of buyers to get the price to go up. Creation of an oversold condition, just my opinion, is something that was supported today on the part of the market makers. The other thing you can look at is the increase interest in the PUTS and the decreased interest in the CALLS for December 8th expiration, Microsoft is looking like it is trading like a triple witching day.
Firefox does a pretty good job for a browser, but there are times when I switch over to Chrome, IE11, and Slimbrowser. I cant say Firefox does the job 100% of the time, but it is close.
Sure did nose dive, but hey, I bought during market today and snagged by last buy at $53.7662. All my MSFT shares today bought premarket were between $54.05 and $54.15, stuff I bought during the market hours were between $53.7662 and $54.00. Today in on 6615 shares, have another $44K+ in cash from my profits that I made on Microsoft from November up thru yesterday, just sitting on that for now until I can buy another 1K lot on Microsoft to trade. Feel pretty good that all my buys were pretty much in the low range today. Most days I am in an out of MSFT, but there are times when I have carried a position 1 or 2 days till my sell limits hit. Today, I did not make any profits at all.