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You should try this guys!





JimmyK_198339
I purchased 10 options, each cost me $1000 USD. I really didnt want to sell my options so
quick, although I could have, an made a few bucks if I did, I waited a bit, my rep called, let
me know what the markets doing, he told me that the market was poised for a full 3 pennies,
so I made the trade and sold all 10 options, made about 3K, not bad for a couple of weeks
of doin shit. Ill do it again.
ncwdavid
What do you mean by options?
Pikokola
I don't really catch what did you mean with posting that..
what kind of thing that I should do?

can you said that once again clearly?
arkebuzer
There´s never a guarentee for profit when dealing with options/stocks. It might be a good idea if you know what you are doing, but if you are not sure... then it´s just gambling (wich worked out great for you this time) Wink
James007
Moved to Economics and Marketing...
Detremmerie
Nice it turned out ok,
though be careful with options and other derivates that profit from increased leverage Wink
Its really hard to make profits on a knowledge base only. Options and such are really the same as taking your money to a casino, and winning on luck if you don't know much about them...
rfarrand
i agree...this is defintely not something for every one to go out and do...if you do not have any knowledge of options, then you should not be attempting this at all...they are pretty tricky business and can get you in trouble.

my suggestion...invest long term not short term...
JoseRizal
can anyone recommend an "investing and stocks 101" online tutorial?
i'd like to know more about it, since i have 401K at work. thanks.
Traveller
JoseRizal wrote:
can anyone recommend an "investing and stocks 101" online tutorial?
i'd like to know more about it, since i have 401K at work. thanks.


"Investing 101," from the Los Angeles Times, is excellent.

Also, for an index of other such offerings (e.g. "Mutual Funds 101"), try http://www.latimes.com/business/la-moneylib,0,3098409.htmlstory.
timm.mccoy
as far as i've ever seen and heard, the best investment, for long-term monetary gain, is an index fund. by doing so, over time, you will earn around the market's average annual growth of 11% per year (the growth is rarely actually 11%, but over extremely long periods of time, it comes out as 11%) if one were to do this early in their life (during or right after college or even before) compound interest will take command, keep re-investing what you earn in the same fund, and after a period of only a few years, you're investment will grow dramatically.

hope i have helped.
Detremmerie
Considering the fact that you also have to deduct inflationary numbers over longer periods, and the fact that you have locked your money for very long times with reinvestment of profits, I can hardly say I see this as my favourite strategy? Laughing
Zeusik
On contrary to investments in shares, options and futures is the game which total results of players is 0. It means that if you gain some money somebody should lose the same amount of money. In my opinion it' is hard to compete with big fish on market - banks etc in this game. But one note, which give us hope is that big companies use options and futures to secure its profits and they don't follow all indicators and fame which is connected with this type of investments.
UnikeViruz
Jimmy are you selling crack rocks again Wink
Just playin, If I have that kind of money I'd invest it.....But I have none to invest Wink
charlieg
haha, seriously.

Yeah, not so sure about those 3 cent stocks.
chrismen
My neighbor buys a lot of cheap stocks and he makes lots of money on them. When I asked him what he does he told me he investigates the companies and sees if they have potential. I guess you also have to know about the general market and some basic economics but hope it helps.
BosLady
I might have a little knack for the market. I move my 401k funds around at least weekly, sometimes daily. Last year I earned 13%. I don't think that is too bad. What is considered a high return?

Thanks,
Tiffany
Tvis
I was always interested in doing something in that. But as mentioned before, it's like gambling. With the best knowledge you cannot predict what will happen. A war can cause an enormous decrease of value. And it looks to me kind of addicted. Once you start, you wont be able to stop. Like with lotteries. Murphy's law says, when you stop playing in a lottery, the next month the price would be yours. Well, anyway, I don't have the cash to invest in the stock market. So, I don't even have to think about it. That makes it easier... Laughing
yyswing
I purchased 10 options, each cost me $1000 USD. I really didnt want to sell my options so
quick, although I could have, an made a few bucks if I did, I waited a bit, my rep called, let
me know what the markets doing, he told me that the market was poised for a full 3 pennies,
so I made the trade and sold all 10 options, made about 3K, not bad for a couple of weeks
of doin shit. Ill do it again.

i do not think it is a good business
thank you
sabe
If you are talking about commodity options I took a class when I was in college. It was required for my major. The class was taught by an x-trader. He had a seat in one of the big houses. He got out because he could not take the pressure. It is something you can make a good deal of cash in, because of the leverage. But there is also a risk. In my experience, on paper only, luckily I lost $50,000 in 4 days and could not get out because of down limit days. It took me almost a month to get the $$ back and I ended up making about the same amount of $$ in a 10 week period. But discipline and timing are everything.

I don't have the time or the energy to do it on a full time basis. If it were my $$ now and I did it for real I don't think I could be disciplined enough. There are technical analysis and fundamental analysis to do and it is meant for the big boys and for farmers to hedge their crops. You can have the correct idea and if your timing is off you can
sabe
By the way, I forgot to mention that the margin account is there for a possible down day. If the market move uses all the cash in your margin account you are automatically taken out of the market.

So... if you don't have the cash to support a move, you can be correct in your assumptions and be taken out of the market before the move is finished. In short, guess correct you are out anyway. You lose all of your cash.

Timing is everything... Smile
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