Welcome to StkyTreat

[diogenes]

While I am generally a political conservative, I think I am open minded and look at each political issue as a stand alone case. Not so with IBD and their editorials and it's painful to read them, knowing what they are going to say before you even finish the first sentence.

I agree (well not with the pol. Conservative bit), but with the inclusion of the drivel, i.e., predictable political commentary. Maybe, it was more of a gambit to pander to a certain subscriber base. Yet, going off the “The Successful Investor,” W. O’Neil seems painfully to want to be viewed as an insider.

[diogenes]

Well congrats on the winning trade, Stky!

But let me make a suggestion to you for the next one. Factor commission into your trading plan, and plan for the commission to be no more than, say, 10% of your profit. If you pay a 2% commission for a 4% gross profit, you're losing half of it to your broker, and in the end (after enough trades that the law of averages sets in) you will be losing money, guaranteed. So, instead of looking for a stock to give you 4% in a week, try looking for one that will yield 20% in a month or two. Or, if you still want to do the shorter term trades, wait until your position size (meaning: save your money) increases to the point where the commission takes a smaller bite out of your trade.

Even better, though, would be to do some more paper trading before jumping in too fast with real money.

You might want to look into opening an account with TradeKing or SogoInvet (a general arm of Genesis), which have smaller fees than Scottrade.

[JohnHenry]

Sticky,
When I mentioned that my son would be "set for life" if he kept contributing to his Roth IRA I meant that he would be very well off financially at a relatively early age ...... say 55.

---------I did some very conservative calculations based on you contributing 100 per month to a Roth IRA starting at age 18 with the money growing at 7% per year. Remember the government can't touch this money it will never be taxed once it's in the Roth IRA. Based on the 100 per month and the 7% compounded you'll have put in $9600 by age 25 , it will have grown to $12312, by age 35 , you'll have contributed $21600 , it will have grown to $40799 , by age 45 , $33600 = $96837 , age 55, $45600 = $207,073. Notice that the magic of compounding really kicks in . At a certain point the growth becomes massive. This is just an example. You can do much better than this. Some years will be bad , but most will be better than average. During the down markets of 2000- 2002 , I lost nearly 40% of my retirement funds but am now up over 350% from the low point. I never stopped contributing to the retirement funds.

Good luck, Sticky

-------billyjoe

Hi BillyJoe

Do you recommend which funds or types of ROTH IRA to look into for now? Thanks

[JohnHenry]

Israeli-Hezbollah and China

Any one familiar with the two subjects that can help me understand? It wouldn’t benefit me to post and no one replies back, let me know…thanks.

[Websman]

Any one familiar with the two subjects that can help me understand? It wouldn’t benefit me to post and no one replies back, let me know…thanks.

China is a cool place to visit... I usually eat a lot of dumplings when I'm there.

[diogenes]

Any one familiar with the two subjects that can help me understand? It wouldn’t benefit me to post and no one replies back, let me know…thanks.

Okay, while not the best reply as it reverts to an advertisement I think you might enjoy reading the economist. Check out at a free 4-weel trial.

http://www.economist.com/agenda/displaystory.cfm?story_id=E1_STRVGSR

Or, try to go to a newsstand and check out the latest issue, which covers the Israel quagmire.

[billyjoe]

sticky,
I can't recommend what would be best for you. Keep studying and paper trading . Some people put everything into stocks , others in bonds , others mutual funds. Most probably end up with a combination of many investments. Whatever you decide , don't put all your eggs in one basket. Diversify so one mistake , and there will be many of those, doesn't wipe out your funds before they can start to grow. I'd recommend starting out conservatively with a stock or fund that isn't very risky, but pays a dividend . You can do research on what stocks or funds those might be. After you get more comfortable and get more money to work with you might want to risk a little based on analysis , not hunches or hot tips. Good luck.

-----------billyjoe

[JohnHenry]

Berlin Market

Does it help to look at the Berlin Market to get an idea how the US market or the stock is doing since they open before the US?

[Lyehopper]

Does it help to look at the Berlin Market to get an idea how the US market or the stock is doing since they open before the US?

Back in the old days I would sometimes do that.... Mostly when I was trading Sauerkraut futures....

[DSteckler]

Does it help to look at the Berlin Market to get an idea how the US market or the stock is doing since they open before the US?

No.

Did you buy any of those books I recommended to you?

[JohnHenry]

Ezpw

I have a question on what I did wrong for POTW. I not understanding when this company announced earnings for the Q3, the numbers were good but the priced didn’t go up much?

Also after the announcement, after hours trading were light, was it a sign that the stock is turning south? It did go down a bit Friday.

How can I learn more on when to pull the trigger to get out when I’m ahead before it starts to decline? I was up almost 7% and down to under 2 %.

[JohnHenry]

ATI, RTI, and TIE

These three stocks have good number on Friday and all three were up two or more points with low volume. Does this mean it will do go down on Monday? According to IBD CAN SLIM that a stock is up with low volume in not a good sign but others here on the board say differently.

Sorry if can’t clearly explain or put my thoughts on paper.

[skiracer]

These three stocks have good number on Friday and all three were up two or more points with low volume. Does this mean it will do go down on Monday? According to IBD CAN SLIM that a stock is up with low volume in not a good sign but others here on the board say differently.

Sorry if can’t clearly explain or put my thoughts on paper.

If you're going to trade short term swing trades then you must have a firm grasp on the technical aspects of reading an interpreting charts. Just because they have a decent earnings report doesn't necessarily mean that the stock will go up. Perhaps other traders who were anticipating the move up on a decent earnings report got in earlier than the report and were taking profits afterwards. It takes lots of study an experience to get a grip on this. I don't recommend paper trading but for someone with a very limited capital account that may be the answer for the time being. An also think about the questions you ask of others. Does it look like we guess weights an ages or have the answer to everything. Also your sentence structure is lacking discipline. It doesn't make you look any better in the eyes of others. Youth doesn't necessarily give you those liberties. Tighten up your ship.

[JohnHenry]

If you're going to trade short term swing trades then you must have a firm grasp on the technical aspects of reading an interpreting charts. Just because they have a decent earnings report doesn't necessarily mean that the stock will go up. Perhaps other traders who were anticipating the move up on a decent earnings report got in earlier than the report and were taking profits afterwards. It takes lots of study an experience to get a grip on this. I don't recommend paper trading but for someone with a very limited capital account that may be the answer for the time being. An also think about the questions you ask of others. Does it look like we guess weights an ages or have the answer to everything. Also your sentence structure is lacking discipline. It doesn't make you look any better in the eyes of others. Youth doesn't necessarily give you those liberties. Tighten up your ship.

Yes, I know my spelling and writing skills are not up to date, they are my weakest subject. This is why the college will not admit to full time schooling until I improve my writing. I have no problems in the math and science areas, I do well with the big kids.

I’m hoping to improve my spelling, vocabulary, and writing skills when get to the 10th grader next month.

I have a hard time expressing my thoughts on to paper or explaining my ideas to other because I write on a reader base, I assume my readers know what the hell I’m talking about.

I know that my lack of communication skill will hurt me when I get older. If only I were a good writer I could influence others on my views.

Does it look like we guess weights an ages or have the answer to everything.

I don't understand this phase?

[skiracer]

Yes, I know my spelling and writing skills are not up to date, they are my weakest subject. This is why the college will not admit to full time schooling until I improve my writing. I have no problems in the math and science areas, I do well with the big kids.

I’m hoping to improve my spelling, vocabulary, and writing skills when get to the 10th grader next month.

I have a hard time expressing my thoughts on to paper or explaining my ideas to other because I write on a reader base, I assume my readers know what the hell I’m talking about.

I know that my lack of communication skill will hurt me when I get older. If only I were a good writer I could influence others on my views.





I don't understand this phase?

Control of the language is the most important facet of interacting with people. If you are weak in those areas you should make it a point to apply more of your time an energy to those areas where you are weak. But then you already know that don't you.
What I meant was that none of us here no what any stock is going to do at any given time. Only what we can ascertain from fundamental research into the inner workings of a stock and what we can interpret from the technical aspects of reading the charts an using the indicators is as good an educated guess as we can come to determining direction or trend over a couple of days or a couple of months or years. Learn to think in the ways you want to express your questions. You can do that much better by learning more of the subject matter so that you can talk in more specific terminology either from the technical or fundamental side of it.
The guessing weights an ages comment was from my early days working on the boardwalk in Seaside Heights, NJ. There were several people, usually gypsies, who ran small concessions that would guess your weight an age within a few pounds or a couple of years. There was some gimmick they had to do it. The saying stuck with me whenever anyone would ask me about how something would play out into the future.
Sometimes I'm way to insensitive to the plight of others, especially if there are things I don't know about them, like your reader situation. You're man enough to be truthful about it to us so please accept my apology for my misinterpretation of your situation. I had another reason in my mind which was far off base. I apologize. Don't think for one minute that you can't overcome any weak areas you may have. It is just a matter of perservering an application in most cases.
I like the CANSLIM concept and theory for researching stocks and finding ones that are fundamentally worthwhile. It is a sound doctrine. IBD on the other hand is a waste of time better spent on developing your own strategys and disciplines. I usually don't deal with stocks that have a very low daily average volume, under 200,000/300,000, because it doesn't take much to move the stock price dramatically. You will have to learn that for yourself and develope your own tastes and parameters. Ask a dozen questions and you'll get a dozen different answers from a dozen traders. That doesn't answer the question for you. Only you can answer that for yourself.