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Throw in Finviz.com in the OP under tools. It is an excellent stock screener.
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Jan 29, 2010 17:32
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MrBigglesworth posted:Throw in Finviz.com in the OP under tools. It is an excellent stock screener. Cnbc.com has a few decent fundamental-based screeners. Anyone know where I can run some stock selection backtests based on fundamental criteria?
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Jan 29, 2010 17:35
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dv6speed posted:I recommend most of the books, and reading them in this order: If I'm only going to read one  book, which would you recommend? Still the first one?
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Jan 29, 2010 18:37
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For a free charting thing with a compatible broker, ninjatrader is pretty sweet. Also, for a fun economic read, Liar's Poker is a great book dealing with fixed-income, trading, the development of financial products like MBS, and overuse of leverage in the 1980s. A quaint precursor to 2008.dv6speed posted:I'm in cash at the moment until poo poo settles down and am looking for short term trades... which I'm terrible at. I'm currently short silver since the trend turned and it broke 16 and change a couple days ago. I also bought some SKF before the state of the union; in retrospect and knowing what I know now about the IPad, I should have sold the Q's instead, or better yet, AAPL. Counter posted:Got my new screen up and running today.... Man I still have DNA and SGP on my stock watchlist thing. So pissed at myself for not picking up a boatload @ 70, and it was by far my favorite pharma name. Do you just deal with equities and not commodities/fixed income products? Also, you need multiple monitors preferably with a matrix screensaver.
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Jan 29, 2010 18:45
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JawnV6 posted:If I'm only going to read one It's hard to recommend only one, as they are all worth reading, I think. But if I chose one of the three in that list, it'd probably be "mad money". If you don't want to purchase them all, your local library should have them. Stay mad for life is really about the very very basics, and structuring your personal finances so that you can successfully make money in the market. Mad money is about trading stocks for beginners. Real money is a more involved book about trading stocks (for beginners), but isn't as easy to read as the others, so for most people, probably is not the best introductory one, even tho it's worth reading.
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Jan 29, 2010 19:55
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Cheesemaster200 posted:So essentially people took out low interest loans in dollars, and then loaned them out again in Euros. This stays all fine and dandy as long as the Euro is equal or stronger in value versus the dollar. Right now, since people generally took out those loans in dollars around this exchange rate ($1.40), people are jumping ship, accelerating the strengthening of the dollar versus the Euro (and potentially driving down equities). to add to this, i don't trade fx, but it seems like simple TA stuff can be applied, like support/resistance. Currently google finance shows EURUSD at 1.3866. So if you look at the last time EURUSD was this low, back in June/July 09, if it were to go lower you would see support at 1.3851, and then 1.3787. If EURUSD breaks 1.37, next stop would probably be 1.3671 to 1.3474, as shown in May. Obviously if you're trading a lot with a notional value of $100k, the pips add up. To jazz it up a bit, you should also look at volume, moving averages, trendlines, and apply fib levels to the support/resistance and whatnot. Or you could just use fundamental analysis and ask yourself whether you think Greece is going to get a.)bailed out, b.)default, c.) cut their spending, or d.) lie about their books again. If you think A or B have a high likelihood of happening, sell EURUSD...which is what's been happening since people are worried about Greece, not to mention other high debt/gdp euro countries such as Portugal, Italy, Ireland, and Spain. I'm also looking at GBPUSD, as it's currently trading at 1.5992 and seems to be at an inflection point in that (to me) it seems like GBPUSD is either going to drop to 1.58 (support) or trade back up to 1.65 (resistance). Gun-to-head, I think it's going to 1.58, just due to the end of QE as well as Bill Gross speculating that UK Gilts are resting "on a bed of nitroglycerin". edit:but like i said, i don't trade fx, so don't go to a bucket shop or something and start a 200:1 leveraged fx account
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Jan 29, 2010 22:36
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Built 4 Cuban Linux posted:i wish security analysis was available as an e-book because i refuse to carry around a book that big Just FYI I found and didn't download this in PDF format in less than 60 seconds. http://www.google.com/search?hl=en&...2&aq=f&aqi=&oq=
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Jan 30, 2010 06:34
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I'm a software developer, and I thought a fun side project would be an app that pulled down daily OHLC data for 7000 or so equities and stored them in a database. I'd then write filters or heuristics to look for certain trends in the data.. basically a glorified stock screener. However, I then realized this is a stupid idea since there's probably software out there that already does this. Is there anything out there that will do what I'm looking for (Tradestation, maybe?)
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Jan 31, 2010 05:14
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Is there anything out there like a "fantasy" trading simulator? I'd like to see if I can make good picks without actually risking money.
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Jan 31, 2010 09:26
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blargle posted:I'm a software developer, and I thought a fun side project would be an app that pulled down daily OHLC data for 7000 or so equities and stored them in a database. I'd then write filters or heuristics to look for certain trends in the data.. basically a glorified stock screener. However, I then realized this is a stupid idea since there's probably software out there that already does this. Is there anything out there that will do what I'm looking for (Tradestation, maybe?) Traders love these kind of TA schemes. TA is just as much, if not more, about human readable/watchable heuristics. Watch any stock in the +/-5% range. Vanan posted:Is there anything out there like a "fantasy" trading simulator? I'd like to see if I can make good picks without actually risking money. If the virtual stock exchanges aren't in the OP they probably should.
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Jan 31, 2010 11:33
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Well, I got greedy on GNVC and I'm back to about $800 profit down from $5000. I learned my lesson on small-cap biotechs.
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Jan 31, 2010 22:52
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destructo posted:Well, I got greedy on GNVC and I'm back to about $800 profit down from $5000. I learned my lesson on small-cap biotechs. Yes, who would have thought that a company that's never earned a profit would be risky...
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Jan 31, 2010 23:37
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Toyota back up 3.25% so far. Wish I had more money to dump into it. Why is my bloomberg news story pages black text/whitebackground? And not white text/black background? Really hurts the eyes going from main page of orange text(links)/black background.
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Feb 1, 2010 18:09
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Woohoo Toyota! Let's not forget about Ford though... Anybody interested in credit card stocks right now? It seems like the big guys are doing well, however bank-attached firms like AMEX and DFS are looking like solid short opportunities. Also, I know they're under $1, but for something that is so well known, what gives with SIRI being so low? Are they being phased out by some competitor that I don't know of?
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Feb 1, 2010 21:53
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SIRI used to be worth a nickel. They have a ton of debt and they aren't really getting as many subscribers as they'd like. They also have a bunch of expensive satellites up there. Lots of people really like the stock because they like the service. I've had TTM for quite a while now. F has done the best over the time period that I've held TTM but compared to other car manufacturers TTM has done pretty well.
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Feb 1, 2010 23:09
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TTM as in Tata or Toyota?
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Feb 1, 2010 23:30
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Vanan posted:Is there anything out there like a "fantasy" trading simulator? I'd like to see if I can make good picks without actually risking money. simulator.investopedia.com is great, you get $100,000 fake money and can trade/short stocks and options. There's probably an obvious answer here, but can someone explain to me why all the mining/precious metal company stocks jumped so high today.
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Feb 2, 2010 00:24
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Free Gucci Mane posted:There's probably an obvious answer here, but can someone explain to me why all the mining/precious metal company stocks jumped so high today. You did see how badly they got pummelled over the past two weeks, right? A day of modest gains really isn't all that much after getting absolutely slaughtered for days in a row. Gold was at 1158 in early January, US Steel 65, and Alcoa 17.50, for example. Going back up to ~1100, 47, and 13.39, respectively after a big rally is a drop in the bucket compared to the price fluctuations they have been experiencing. You can also factor in a strong earnings report from Exxon and a rise in the manufacturing index to fueling today's rally, but even as a non technical guy, I would say that barring exceptional news or circumstances, stocks aren't going to just keep freefalling like they have the past few weeks, and will eventually bounce back (whether temporarily or not) in rallies like this due to bargain hunting and what not.
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Feb 2, 2010 01:28
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The dollar also sank a bit, which always put upward pressure on commodities.
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Feb 2, 2010 03:49
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lazybrain posted:Anybody interested in credit card stocks right now? It seems like the big guys are doing well, however bank-attached firms like AMEX and DFS are looking like solid short opportunities. I have always liked Capital One. (Well, actually that's not true; I didn't like them when they fell from 80 to 30 but I liked them fine when they went from 30 to 60 and I got out.) Their management team seems to show a suitable sort of opportunism; they have been buying banks to diversify their funding sources away from the securitization market, and the first bank they bought they threw away its subprime mortgage origination unit even back in 2007 before anyone knew what a subprime mortgage was. I can't say they're definitely underpriced right now, but my sense is they're on the low side of fairly priced.
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Feb 2, 2010 06:11
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Fidelity just slashed their commissions to $7.95 flat rate, and is now offering 25 ETFs commission free (I guess to compete with Schwab). http://personal.fidelity.com/products/trading/What_You_Can_Trade/WYCT_ETFs.shtml.cvsr Any comments on Fidelity as a brokerage?
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Feb 2, 2010 17:02
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lazybrain posted:TTM as in Tata or Toyota? TTM as in Tata. I really like the idea of the Nano and I thought the Jaguar and Land Rover marquees would be valuable in the Chinese market.
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Feb 2, 2010 18:12
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abagofcheetos posted:Fidelity just slashed their commissions to $7.95 flat rate, and is now offering 25 ETFs commission free (I guess to compete with Schwab).
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Feb 2, 2010 20:39
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Fidelity has pretty solid customer service and execution, and a wide range of tools, information, and data to play with when building and analyzing a portfolio. I've been using them as long as I've been in the market, though this new flat 7.95 commission doesn't look to change things too much on my end. I actually had a sweet deal for a while where I was given free trades for X amount of months, though that sadly expired recently. They've never gotten any attention in this forum, and I imagine that's because they market themselves primarily to experienced and dedicated traders/investors. Historically, their tiered commission system priced out smaller investors, and it will be interesting to see what kind of business Fidelity will attract with discounted commissions offered across the board.
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Feb 2, 2010 22:26
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lazybrain posted:Woohoo Toyota! Christ it's getting pummeled today..
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Feb 3, 2010 17:28
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Insaint posted:Christ it's getting pummeled today.. heheh, the beauty of trailing stops... I was out at 80 and back in around 73 
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Feb 3, 2010 18:52
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lazybrain posted:heheh, the beauty of trailing stops... I was out at 80 and back in around 73 Yeah trailing stops are awesome, I should use them more often.
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Feb 3, 2010 20:10
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Can someone explain to me, say I purchase 100 shares of Toyota stock, if I want to sell it in 6 months time, what if there is no one to buy it from me? I am guessing this is not how it works and im an idiot, but who/what is it who then buys it all back when I want to make my profit?
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Feb 4, 2010 19:25
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willd58 posted:Can someone explain to me, say I purchase 100 shares of Toyota stock, if I want to sell it in 6 months time, what if there is no one to buy it from me? I am guessing this is not how it works and im an idiot, but who/what is it who then buys it all back when I want to make my profit? There's usually going to be someone to buy it at some price. The price of the stock is basically the highest price that someone is willing to pay for a stock and the lowest price that someone is willing to take for it. If no one is willing to buy it at all for any price then the effective stock price is $0 and you're hosed. if you buy Toyota today at $70 or whatever, and it goes up to $100 a year from now, that means that people are willing to pay $100 a share. If people weren't willing to pay $100 a share, then the price of a share wouldn't be $100.
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Feb 4, 2010 19:35
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My (extremely limited) understanding is that there are specialists whose role is to buy and sell stocks at times when there are only buyers or only sellers. How prices work in that situation is beyond me, though.
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Feb 4, 2010 19:39
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Look at the bloodbath today, DOW down 226, at 10,044. Wouldnt doubt if we go below 10K today, early tomorrow. Wonder if I should jump in on a few dips or give it another day or 2 to ride lower.......methinks Ill place a few trailing buy orders.
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Feb 4, 2010 19:53
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Yeah, thinking about picking up a couple shares of Toyota myself, this won't last terribly long.
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Feb 4, 2010 20:15
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I am still waiting mostly in cash for at least another week. When does earnings season officially end?
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Feb 4, 2010 20:21
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Cheesemaster200 posted:I am still waiting mostly in cash for at least another week. I did the same thing. I took my profits last week and I'm going to see how bad this storm gets. Friday employment numbers will be dismal post-holiday and that'll push the DOW under 10,000 which will put all the bulls into a panic. Even if I am wrong about that, I doubt I'll miss out on any profit in the next few weeks from anything. I need to learn how to short-sell.
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Feb 4, 2010 20:33
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Duey posted:I did the same thing. I took my profits last week and I'm going to see how bad this storm gets. Friday employment numbers will be dismal post-holiday and that'll push the DOW under 10,000 which will put all the bulls into a panic. Even if I am wrong about that, I doubt I'll miss out on any profit in the next few weeks from anything. I sold everything buy INTC, which every Thursday I have been kicking myself for. I was extremely close to by limit order, and I just figured it would cycle to it eventually.
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Feb 4, 2010 20:38
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Is short-selling really that much harder than just normal trading? Like take for example CDE, a mining company, that was up near 20 a month ago and has plunged steadily since. Would I be able to short-sell CDE shares while it was plunging--would my brokerage be able to loan shares or whatever to me and would people actually be willing to buy those shares? I've gotten some really nice returns on shorting stocks on investopedia's simulator but I'm just wondering if that's actually possible in the real market, it just seems too easy to find a plunging stock.
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Feb 4, 2010 23:07
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Silver is almost slapped back to being 14, like i like her...
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Feb 5, 2010 01:07
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Whats the deal on silver when buying in a coin store. A few years back when it was around 11ish I wanted to buy some, but they had this "Ill sell it to you for $4 over spot, making it $15/ounce. I didnt get the concept, as the silver was right there, in a box, ready to go and Apmex.com on my phone said it was $11ish an ounce, which is what I was wanting to pay. If I paid $11+$4 and wanted to sell it when it was $12, he would pay me $12, Id still be down overall on the purchase. And he was saying $4 over PER ounce. Was he trying to rip me off?
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Feb 5, 2010 01:26
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MrBigglesworth posted:Whats the deal on silver when buying in a coin store. A few years back when it was around 11ish I wanted to buy some, but they had this "Ill sell it to you for $4 over spot, making it $15/ounce. isnt everything in a "coin store" usually marked up 200%, sounds like a deal for them. If you want to take delivery of your pork bellies and put them in your freezer, you are going to pay a good deal more than your contract states to get them there.
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Feb 5, 2010 01:40
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Free Gucci Mane posted:Is short-selling really that much harder than just normal trading? Like take for example CDE, a mining company, that was up near 20 a month ago and has plunged steadily since. Would I be able to short-sell CDE shares while it was plunging--would my brokerage be able to loan shares or whatever to me and would people actually be willing to buy those shares?
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Feb 5, 2010 02:02
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