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| jumbojack |
 Posted: Sun Sep 18, 2005 3:18 pm Post subject: my day trading experience (or where has jj been hiding) |
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Investing Sr. Associate
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I was spending hours each night researching stock fundamentals and checking charts before going online the next morning to place my orders on etrade, only to break even at the end of each week.
It's one thing to play a game against the computer and another getting out there and placing real stock orders. It reminds me of when I used to play a lot of warcraft and age of mythology back in my days. It wasn't until I got online and started chatting and playing with other people that I begin to find out the tricks others would use to get ahead or to deceive you. And guess what? There are people like this in the stock market.
For those of you who feel confident using the simulator here and/or want to do some serious day trading I suggest that the next thing you do is hang around some experienced traders who are willing to chat with you. The chatroom I'm on now I just basically follow the calls they make for when to buy and sell. I do get to chat with the others and ask their opinion on other stocks I'm interested in, some will even buy them. I've been doing good, actually much better than how I was doing on my own (I'd like to say I've been doing great, but that'll have to wait until I first can afford buying a maybach to prove it) King
edit chatroom link has changed, it's now updated
Last edited by jumbojack on Thu Oct 06, 2005 5:01 pm; edited 1 time in total |
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| MrInvestor |
| Posted: Sun Sep 18, 2005 5:57 pm Post subject: |
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Investing Manager
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| Quote: | 1 Week Membership is $50 <includes 2 days of no obligation free trial>
-For new members only
-For the purpose of trying out the service
Weekly Membership is $125
-For existing members of the exclusive 15 member trading group
-Use this option if you do not wish to pay upfront for the whole month |
$125 to join a chat room?
Is really worth it? Tell us some secrets!
Last edited by MrInvestor on Wed Sep 21, 2005 3:07 pm; edited 1 time in total |
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| MrInvestor |
| Posted: Sun Sep 18, 2005 6:02 pm Post subject: |
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Investing Manager
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| Quote: | 6. What is the minimum capital required to trade this account?
Minimum capital contribution on your part is $26,000 and any day trading broker will
give you 4:1 buying power. |
Ah. I'm out.  |
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| jumbojack |
| Posted: Mon Sep 19, 2005 2:11 pm Post subject: |
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Investing Sr. Associate
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There is 2 days free trial and then I paid $50 for the first week. Since I made much more than that I decided to continue in the chatroom.
I believe the recommended 26k in your brokerage account is because of the "pattern day trader" sec rule (?) this is not a requirement for being in the chatroom.
Secrets: when buying stocks look for these market makers. See if they're buying or selling, study what tactics they're using.
private: GSCO PRUS SLKC NITE
public: ISLD TNTO
institutions: INCA BTRD
There are other chatrooms you might want to visit and are free. If you're familiar with mIRC check out Othernet, or try Woodie's CCI Club on HotComm. It's kind of difficult to get noticed there and find anyone that is willing to help you, but it may give you an idea if this is something you migh be interested in.
edit: here's the link to the current chatroom transcripts
and here's a snapshot of the transactions i made today
Last edited by jumbojack on Fri Sep 23, 2005 3:38 pm; edited 1 time in total |
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| MrInvestor |
| Posted: Wed Sep 21, 2005 3:08 pm Post subject: |
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Investing Manager
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Thanks for the link to the transcripts. Looks like fun.
Let us know how it goes overall and how helpful you think it was. |
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| xknicker |
| Posted: Thu Oct 06, 2005 9:07 am Post subject: |
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Investing Associate
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| Its Costly but Sure is helpfulll |
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stock market game on the web. At eInvesting you compete for monthly cash prizes while you interact, make virtual dollars, purchase items, and trade in the realistic stock market simulator. We make investing FUN!
