/biz/ - Business & Finance

you already made 160 bucks, congrats

>>772969

Thanks sweet heart. Check out UWTI too. Wait until June 5th when OPEC has their meeting. Oil will fall once they announce they won't cut output. Wait for it to level out a bit and buy.

>>772961

Also, if you want to help change this board help by posting decent trades here. The general attitude on this board is atrocious.

>WOW I CAN'T BELIEVE YOU BOUGHT THAT. YOU FAGGOT I MADE 3 BILLION LAST YEAR.

Let's start posting stuff that'll actually help people. You might actually start attracting people who are willing to give out good advice.

>>772975
I wasn't being sarcastic.

And if you sold when it reached today's high of 1.95, you would've made 374 bucks.

But then again you said you're in for the long haul. I hope that shit goes back up; they've been on the downslope since 2012.

>>773250
haha I wasn't referring to you. Just the board overall. I've posted a couple of other things and people were just slinging shit. I was surprised to actually see a compliment.

>>773255
I could lie and claim that I made 10K yesterday short stocking tiny oil companies before they pop but why lie on an anonymous image board?

I'm waiting to hear back from a company that promised me an analyst job and I'm learning some Ruby while watching Grandma's Kisses.

Anyone have some info on good software or a beginner's guide to online trading?

I would like to know what platform or website is the cheapest and most efficient with trades.

There doesn't seem to be a noobs guide like in most boards. Should I take this to /g/?

>>773260

People lie whatever reason on here. Couldn't tell you why. I actually just applied for some analyst jobs too so we might be competing haha.

>>773283

I'm assuming you use torrents since you're on this site.

https://kat.cr/megapack-of-trading-books-t-th-volume-3-of-4-t7394211.html

This will have a shit load of books. There are some good ones on there. Read amazon reviews to see which ones are at least decent. I avoid the textbook style books as they drag out the subject. There are some good books that are less than 200-100 pages.

>>773283
Take it to google and maybe read up on cock sucking strategies.

>>773288

refer to this

>>772975

Bought some TD stock as it had a low week last week and is a reliable stock on the TSX, plus their dividend date is in july so might as well load up

>>773301
>lets spoonfeed a bunch of retards; opening the floodgates for every other mouth breather to come make posts about how to turn their $100 into $10,000 within 2 weeks.

>yeah, that'll totally attract valuable and insightful posts from experienced people.

>>773286
Appreciate the tip. It's probably best to read up before jumping into the game. I'll respectfully fuck off back to lurking.

>>772973

I'll risk on this.

If it works out, thank you.

>>773317

Absolutely. It'll take a couple of years before you really grasp what's going on. Best thing is to watch the markets and try to make predictions and then see if you're right. Find a couple of stocks you like and then watch it and buy when the price drops. I wouldn't start with more than $1000. Make sure it's money you can afford to lose. You probably won't make any money but you'll learn more from trading.

>>772975
>Let's start posting stuff that'll actually help people.
By suggesting people daytrade random 3x ETFs, ie., gambling?

Retard.

>>773335

It seems more like swing trading, but okay.

Plus I gained knowledge now that I should pay attention to OPEC's meetings.

If every weekday this year went just like this for OP, he would make 70 grand before taxes.

>>773341

It is swing trading. The ETN closed at $2.01 today.

>>773646

I wish it was that easy. Essentially I just watch volatile markets and find where the bottoms are. Right now oil is all over the place. Once it settles I'll have to find something else. There may be a long period where I don't make any trades.

>>774356
If you bought UGAZ at today's low of 1.81 and sold it at today's high of 2.01 you'd have made over a grand with 10K shares.

>>774429
5K shares*

>>772961
You should only buy UGAZ when it closes higher than the highest close of the last 4 days.

You should reverse when it closes lower than the lowest close of the last 4 days.

Yes....I do NG for living. And CL. I'm certainly not John Arnold, but I make a living. In Oklahoma, too.

>>774356
>There may be a long period where I don't make any trades.
This trader will stay around for a long, long time.

>>774429

Yeah I surprised it went back up. Usually if it opens lower it'll kind of hang there. I'm up about $800 last time I checked.

>>774437

How much do you make if you don't mind me asking?

>>773283
If you learn how to spot momentum divergence validated by extreme relative strength (bullish or bearish) you will go far.

>>773283>>773283
If you learn how to spot momentum divergence validated by extreme relative strength (bullish or bearish) you will go far.

>>772961

>why odd lots?
>why do you think the bottom of a leveraged ETN has anything to do with the bottom in the underlying commodity?
>why do you not have a thesis that isn't "something something ??? back to 3.00"?
>why would you hold size in a leveraged position for a swing trade when you acknowledge it's a volatile underlying?

>>775360
I am a corporate trader for respectable energy producer marketer in Oklahoma City. Obviously, I am not a Chesapeake employee. That said, I work for a company that trades "around the assets" to capture additional value. We use a formula associated with risk free return to determine our quarterly discretionary bonus. Management won't pay us a bonus unless we beat the RFROR. We receive regular "simulation" training from a guy in Ft. Worth and have a non-punative trading environment. If a loss goes out of bounds, we simply get out and re-look at the trade. We are not geniuses and don't claim to be. Our conservative risk management allows us to get out with small losses and ride winners. The markets give us 5 or 6 good trades a year and we try to get 65% of those trends. So, for all of that I make $155,000 a year and quarterly bonuses are in the $30K to $50K range. My highest bonus was $150K in 2001. We don't make markets and have a defined risk management policy that works really well combined with the simulation training we get every 6 months or so....like an airline pilot.

>>775411

Thank you for answering. I didn't even know jobs like this existing. I've been trying to follow a career path around trading (since it's what I'm most familiar) but most of the jobs I've looked at don't really pay that well and considering the restrictions it's not really intellectually stimulating. How did you get into that career?

>>775377

what's a divergence?

>>775414
Many paths lead to corporate trading -- outside of Wall Street or Hedgefundia, Connecticut.

Many people come in from the marketing side of oil and gas and refined products. Those skills they have are not what's needed in trading so we have to train them.

Accountants and pipeline schedulers make it in sometimes because of their drive. We don't accept anyone who won't show up early or stay late.

I started as a crude oil buyer. At the end of the day I would go over to the trade room and hang out. I helped the schedulers and the people trying to solve detail issues. Extra hand so to speak. The traders bristeld at me hanging around but oon saw that I was helping them in a way with the paper work of the physical side. One day the VP asked me to help on an issue and I did and luckily my solution was the best and he promoted me to tradestaff that day. But I had to be trained and that was an experience. Then I did natgas and C3 and C4 and now I do a lot of all of that with a 3 person staff and 2 interns. I have to explain all loses to a risk committee and I must work with our trading control director. He's like a policeman watching us for the bigwigs. It's good living. Get to play a lot of golf with investment bankers.

>>773286
Thanks for the link. Been looking for something like this for a while

>>775419
Divergence is when an indicator disagrees with price. For example, a lower low in price, but a higher low in momentum.

I bought 89 shares of CRZO and 19 shares of IJH (added to an existing position). Now, I have my eyes on a banking etf. Not sure which one yet though.

>>774441
Yeah that's my mentality too. If I'm not sure, I stay out. Even if I'm all cash for six months.

What site do you all use to buy stocks/bonds off of?

>>775566

I use fidelity, but I recommend scottrade.

>>775432

Once again, I didn't even know this side of trading existing. Thanks again for the insight.

>>775434
No problem, look for the other volumes too. There are like 4.

>>775543
Why banking ETFs? Just curious.

>>775589
I use optionshouse. No complaints here.

>>775402

so as this guy, I'd just like to ask you if you happened to bother asking yourself any of these questions before you held through storage numbers today

So what do you guys think of the AMD stock?

>>776221
> tfw bought AMD years ago at 8$

>>775704

Because interest rates will rise in the near future. I'm looking at regional banks that make most of their money from interest on loans. I'm still doing some research though and already own some BAC.

>>773305
>dividend rate

/biz/ noob here, what does this mean

>>776279

$$$ that X public company pays to shareholders for each stock that they own. It's usually every quarter, but it varies. It's usually something like 0.1 - 1.2$ per share, but that depends on the company.

>>776295
oh word, thanks.

Fucking pumps and dumps don't listen to this kid.

>>776221
I bought 500 shares at $2.28. I don't know what the fuck I'm doing.

>>776413
Most people are in the same boat.

>>772961
$16 weekly calls on OPK

>>776274

Yeah I haven't really been paying attention the rate hikes.

>>776413

Why is AMD so low? My computer has an AMD processor and I haven't had any issues with it.

No sure how much risk people in here tolerate but RUSL might be another buy for me soon. Russian 3x ETN. It's hitting lows since Russia is the biggest exporter of oil and oil is still relatively low compared to when it was in it's hundreds. The ETN fell then touched at $37 and fell back to $22 last time I checked

Anyone have predictions for what the market will do tomorrow once OPEC maintains oil output?

>>776364

Just as a heads up, when the stock pays those dividends out, the stock price drops by that much at the same time.

>>772961
LWP.AX a few days ago.

>Lost 8K so far.

AMWD ... monster stock that is just getting started

>>776499
Graphics card market is 70% nVidia and climbing. AMD can't compete currently. Competition law may kick in. Source:

AMD Posts Q1 2015 Results: $180 Million Net Loss
http://www.anandtech.com/show/9172/amd-posts-q1-2015-results-180-million-net-loss

/g/ Thread
https://archive.rebeccablacktech.com/g/thread/47589783

LTT
https://www.youtube.com/watch?v=VpdrSHg6BjA&feature=youtu.be&t=32m20s

"name of the game is move the money from your clients pocket into yours.
We don't create shit.
We don't build anything.
So if you got a client
who bought stock at eight
and it now sits at 16,
he's all fucking happy.
He wants to cash in, liquidate,
take his fucking money and run home.
You don't let him do that.
Cause that would make it real.
What do you do?
You get another brilliant idea.
Another "situation." Another stock
to reinvest his earnings and then some.
And you just keep doing this,
again and again and again.
Meanwhile, he thinks
he's getting shit rich,
which he is, on paper
But you and me, the brokers,
we're taking home cold hard cash
via commission, motherfucker."

Its like if you dumbasses here on biz didnt even understand the movie !

>>776917
Nowadays commission fees are extremely low. Im paying 0.05%

If my broker can get rich of that im happy for him :)

>>776922
implying you actually dont loose money on the market , implying your broker doesnt keep your loss , implying your broker wants you to win .... would you like to invest in my nigerian penny stock ?

>>776499

dude just stop. you think you're making cute plays but you aren't. levels in a 3x fund have nothing to do with the levels of the actual underlying. you had no thesis in ugaz and you have no thesis in rusl. stop

>>773283
I haven't dug deep into it just yet, but found this on another thread http://www.investopedia.com/university/beginner/beginner4.asp