Stock Market 2016

[samsamsam]

Good stuff guys. I hope you guys share once you feel it might be time to get back in. Obviously, you are not responsible if anyone chooses to act on it but I might go into some mutual funds or something once the market stabilizes. Whenever that may happen. Thanks.

Ugh, mutual funds.

Haha, I just don't have the expertise to make more precise moves such as individual stocks. However, speaking of individual stocks, what do you guys think of KKR and Apollo? There is already and will be more distressed assets, I wonder if those companies will be good at turning them around in a couple of years. I have a long term view so I don't need things to turn around in a month.

 

[chyamor]

Mother of all rallies!!!!

 

[Invisible]

And that's why I'll never sell them in a hole!!

 

[TheFinalEpic]

What the fuck just happened.

 

[OrthodoxExpatCol]

Good stuff guys. I hope you guys share once you feel it might be time to get back in. Obviously, you are not responsible if anyone chooses to act on it but I might go into some mutual funds or something once the market stabilizes. Whenever that may happen. Thanks.

Ugh, mutual funds.

Haha, I just don't have the expertise to make more precise moves such as individual stocks. However, speaking of individual stocks, what do you guys think of KKR and Apollo? There is already and will be more distressed assets, I wonder if those companies will be good at turning them around in a couple of years. I have a long term view so I don't need things to turn around in a month.

I'm a fan of KKR, however, I stay far far away from Apollo. Inter-industry reviews of them are horrible, and I'm not the biggest fan of their management team along with their policies/strategies.

But do your own research, don't trust me haha.

 

[Chengiz88]

KKR and Apollo alongside the rest of the PE industry got sucked into overpaying for companies and now are yielding negligible returns. Do your DD before investing with them.

 

[Invisible]

When you have spare time Omad, i'd be interested to read more about your trading philosophies and tricks.

Pop up a datasheet on the subject in this section of the site. Welcome to the forum!

I'll put something together when I get a chance. Do data sheets follow any sort of fomat?

I was thinking about starting a trading thread to post the trades I'm doing each day if there's any interest for it? I could tie it in with that. Others could post what they're trading too, it's always good to get different ideas.

 

[HighSpeed_LowDrag]

What the fuck just happened.

The Fed's Plunge Protection Team strikes again...

 

[jj90]

@Omad: I have thought about posting my stuff but for the time sensitive ones I'm not inclined to share while I'm working orders. The longer term stuff I do post here mostly. The shorter term stuff, well no one's gonna follow me when I'm flipping ES for 2 points.

 

[Isaac Jordan]

Do data sheets follow any sort of fomat?

http://www.dangerandplay.com/2015/1...g-articles-the-mike-cernovich-guide-to-drama/

I had a problem --> Here is how I solved that problem --> Here is how you can solve that problem

 

[OrthodoxExpatCol]

@Omad: I have thought about posting my stuff but for the time sensitive ones I'm not inclined to share while I'm working orders. The longer term stuff I do post here mostly. The shorter term stuff, well no one's gonna follow me when I'm flipping ES for 2 points.

I'd love to post the trades I make at work. Unfortunately, my head would be chopped off.

 

[Onto]

@Omad: I have thought about posting my stuff but for the time sensitive ones I'm not inclined to share while I'm working orders. The longer term stuff I do post here mostly. The shorter term stuff, well no one's gonna follow me when I'm flipping ES for 2 points.

I'd love to post the trades I make at work. Unfortunately, my head would be chopped off.

If the people at work knew I was day trading, my head would be chopped off.

 

[Invisible]

@Omad: I have thought about posting my stuff but for the time sensitive ones I'm not inclined to share while I'm working orders. The longer term stuff I do post here mostly. The shorter term stuff, well no one's gonna follow me when I'm flipping ES for 2 points.

Yeah I wasn't thinking about future scalps, just my option trades which are usually 20 -60 days out. So right now I'm trading Feb which have 28 days to go, next week I might still trade some Feb but more March, 56 days, and the following week will be all March.

The idea is not so much for people to do the trades, although they can if they want, it's more just for people to see how a reasonably active option trader trades. Seeing how bad trades are managed can be an eye opener for people.

I'm always looking for trades so it's nice if others are putting stuff up too, if it fits by portfolio I might jump on board. Or fade it!

 

[The Beast1]

^Nice work! I couldn't help myself either. Went short via TZA for a nice profit this morning. Currently in cash and waiting for a bounce to reload on shorts

Edit: At this point if the low of day holds and we close above 1837 I'll be waiting for the 1950-2000 area to short again

Here's what I'm all in at the moment:

Labd, edz, ery, midz, spxs, tza, tecs, dwti

The only loser I have right now is LABD the biotech inverse etf. Stupid thing did a complete 6+ to -6 percent swap in a single day. I've never seen that before. Everything else is healthy in the green however.

Hoping that bastard flips. I doubt biotechs will be able to weather a general market downturn.

I'll be the first to admit my own folly,

Got @$$ raped by the mini rally since oil got back up. 1300$ in the red ouch.

Going back out and licking my wounds. Got stabbed trying to catch a falling knife.

 

[SunW]

Anyone shorting is a fucking moron.

These central banks are acting so capricious right now, you better cover your ass well. Soros and others can do these things because they're insiders. None of you are. Soros owes so much taxes and how much pressure has he received from the IRS? None. The rest of us would be in prison right now.

The bottom line is if you go short and you don't have a major cover on your ass, you're betting that the central banks sit around and just watch the collapse. Now, when have they ever done that in the last twenty years?

 

[Fast Eddie]

Hey guys, I'm thinking of taking the plunge and shorting this bitch. It's been a while since I've looked at discount brokers and when I did, it wasn't for margin accounts.

I've got a little over USD 20k just chilling in my checking account and wouldn't mind putting around 10k of that into a margin brokerage account. Can anyone recommend a good online broker for shorting with low commissions? I'm not concerned with fancy charting software or other gimmicks, key thing again is low commissions, no penalties for not trading frequently, and of course reputability.

 

[Onto]

^If you want to day trade (enter and exit in the same day) I think you need 25k in your account. I could be wrong about this though. Otherwise go for a broker who has a nice signup bonus in regards to free cash or free trades.

Beast, I think we may get a pullback around the 1925-1930 area before it heads back down to the 1850 area again and then one last rally up to the 2000-2100 area before this thing goes down for good.

Of course the bottom can drop out at any time and I think you're right in that the larger trend is down.

 

[Onto]

Anyone shorting is a fucking moron.

These central banks are acting so capricious right now, you better cover your ass well. Soros and others can do these things because they're insiders. None of you are. Soros owes so much taxes and how much pressure has he received from the IRS? None. The rest of us would be in prison right now.

The bottom line is if you go short and you don't have a major cover on your ass, you're betting that the central banks sit around and just watch the collapse. Now, when have they ever done that in the last twenty years?

Where were they in 2008-2009?

 

[Fast Eddie]

^If you want to day trade (enter and exit in the same day) I think you need 25k in your account. I could be wrong about this though. Otherwise go for a broker who has a nice signup bonus in regards to free cash or free trades.

Nope, not interested in day trading. This would definitely be a medium term macro bet.

 

[The Beast1]

Hey guys, I'm thinking of taking the plunge and shorting this bitch. It's been a while since I've looked at discount brokers and when I did, it wasn't for margin accounts.

I've got a little over USD 20k just chilling in my checking account and wouldn't mind putting around 10k of that into a margin brokerage account. Can anyone recommend a good online broker for shorting with low commissions? I'm not concerned with fancy charting software or other gimmicks, key thing again is low commissions, no penalties for not trading frequently, and of course reputability.

You'll need 25k in cash to day trade and that needs to be present as a cushion at all times to be able to day trade. So you'll need more than 25k to day trade. You can use options to get around this somewhat, but I have yet to fully get in this. I recommend looking into inverse etfs, but don't you'll need to wait 4 days for the buy/sell to settle which is a pain in the @$$. Wait until there is a sustained down trend before doing this because you can get f*cked like me doing this

^If you want to day trade (enter and exit in the same day) I think you need 25k in your account. I could be wrong about this though. Otherwise go for a broker who has a nice signup bonus in regards to free cash or free trades.

Beast, I think we may get a pullback around the 1925-1930 area before it heads back down to the 1850 area again and then one last rally up to the 2000-2100 area before this thing goes down for good.

Of course the bottom can drop out at any time and I think you're right in that the larger trend is down.

Yeah, i'm going to fully exit my positions with my tail between my legs. Hopefully we'll have something like 2008/9 again which gives us a solid month of negative trends to enter into.