Day trading sucks ;-)

[amdforever2]

I've lost 10,000!

I bought Nvidia about a month ago, when it was $20.82. A thousand shares of it!

Look at it now, great earnings today....


They estimate my next margin call will be $1,600 if it closes at $11.

$11 for Nvidia. Fantastic.

Of course, oil hitting record highs, consumer spending numbers, etc really didn't help recently....

 

[memo]

it sure does.

 

Heh, you're an idiot. Sorry, someone had to say it.

What made you think you could make money day trading?

 

[fs5]

unless your bankroll is $500,000 you're an idiot

 

[cjgallen]

Buying/Holding for a month = day trading?

 

[Shockwave]

If you've kept it for a month, your not exactly day trading are you

 

[JustinSampson]

Originally posted by: cjgallen
Buying/Holding for a month = day trading?

Exactly, it's not even day trading. And why would you ever buy Nvidia stock? Because they make your favorite video card?

 

[memo]

day trading is the pits if you're bad at it

 

[KillyKillall]

You're actually "short-term" trading.

 

[ultimatebob]

Hey now, this is the time to BUY! Nvidia will be selling a TON of new video cards because of DOOM 3.

 

[MikeMike]

how the hell do you consider holding it for a month day trading?

i am still thinking about day trading at somepoint, but i need to get some financial banking first.

right now im sittin pretty in my IPO my dad and i purchased. IPO price was 12. its now at 17.52

MUHAHAHAHAHAHA.

ultimate: you have no idea how the stock market works do you. Just because Doom 3 is out does not mean that NVDA will be going up. it depends upon a lot of other random things. Like if NVDA decided to come out and say "we have discovered..." it might go up. or when they anounce their finances and they are ahead of the projected earnings. or loss less money than predicted. it most likely will rise. it also depends upon what the terror feeling is. the car bomb in greece the other day didnt help the market.

MIKE

 

[MacBaine]

Who the hell kind of idiot buys $20,000 worth of Nvidia?

 

[Shockwave]

Originally posted by: MacBaine
Who the hell kind of idiot buys $20,000 worth of Nvidia?

The same type who posts nothing but bullshyte and nonsense in EVERY SINGLE FVCKING POST THEY EVER MAKE!! (That means YOU numbnuts)

 

[DotheDamnTHing]

Originally posted by: JustinSampson

Originally posted by: cjgallen
Buying/Holding for a month = day trading?

Exactly, it's not even day trading. And why would you ever buy Nvidia stock? Because they make your favorite video card?

 

[WolverineGator]

I think he trades during daytime business hours, hence DAY-trading.

 

[Rudee]

Sounds like you haven't a clue what you are doing.

 

[AccruedExpenditure]

Originally posted by: Rudee
Sounds like you haven't a clue what you are doing.

Yeah, why are you holding stock for more than a couple days. That's no no number one. Cut your losses next time.

 

[Rumpltzer]

Originally posted by: ultimatebob
Hey now, this is the time to BUY! Nvidia will be selling a TON of new video cards because of DOOM 3.

This is the type of (flawed) logic that I used when I bought into 3Dfx. Remember them; the Voodoo chipset?

I lost half the money I put into that stock, and I was lucky to get out with that.

 

[NutBucket]

Originally posted by: Rumpltzer

Originally posted by: ultimatebob
Hey now, this is the time to BUY! Nvidia will be selling a TON of new video cards because of DOOM 3.

This is the type of (flawed) logic that I used when I bought into 3Dfx. Remember them; the Voodoo chipset?

I lost half the money I put into that stock, and I was lucky to get out with that.

Bingo. Kinda like me when I bought into the buy.com IPO.

 

[PingSpike]

I don't buy stocks because I don't know what I'm doing. That said, I certainly wouldn't have put all my eggs in one basket, especially a crappy basket made from tech stocks which seem notoriously unpredictable.

 

[PlatinumGold]

Originally posted by: amdforever2
I've lost 10,000!

I bought Nvidia about a month ago, when it was $20.82. A thousand shares of it!

Look at it now, great earnings today....


They estimate my next margin call will be $1,600 if it closes at $11.

$11 for Nvidia. Fantastic.

Of course, oil hitting record highs, consumer spending numbers, etc really didn't help recently....

how is it "daytrading" if you bought it a month ago??

 

[MacBaine]

Originally posted by: Shockwave

Originally posted by: MacBaine
Who the hell kind of idiot buys $20,000 worth of Nvidia?

The same type who posts nothing but bullshyte and nonsense in EVERY SINGLE FVCKING POST THEY EVER MAKE!! (That means YOU numbnuts)

Sorry, I'll post more threads about guns I want to buy, or guns I can't buy, or guns I cleaned.

 

[NutBucket]

Originally posted by: PingSpike
I don't buy stocks because I don't know what I'm doing. That said, I certainly wouldn't have put all my eggs in one basket, especially a crappy basket made from tech stocks which seem notoriously unpredictable.

I agree with that. I have an investment in Intel and everything else in IRA's and mutual funds. Perfect for ppl like me who don't know how to play the market.

 

[BustaBust]

Um besides stating the obvious, day trading does not suck. I've made alot of money off of it. Actually, once I made 12 thousand in two weeks off of a stock and this of course, is my example of short term.

 

[Maverick]

Sounds more like month-trading to me. Why didn't you hold the stock? Its bound to go up beyond $11...Nvidia is doing really good in this current graphics generation.