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  #136  
Old 02-03-2009, 03:46 AM
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Originally Posted by supernova View Post
Cam somebody please explain what ETF's are with a simple example; web definitions on it are too technical for me. Thanks
ETFs (simple definition) are a hybrid of mutual funds and stocks - they are similar to mutual funds in that they represent a basket of securities (for example stocks or bonds) but they trade like stocks (i.e. they can be bought and sold throughout the day and their quoted price changes as they are traded throughout the trading day .. mutual funds on the other hand are priced only once at the end of the trading day).

ETFs charge a management fee which tends to be lower than mutual fund fees.

For example, check out VWO (Vanguard Emerging Markets ETF)
Or FXI (China large-cap stocks ETF)
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  #137  
Old 02-04-2009, 08:27 AM
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Originally Posted by supernova View Post
Cam somebody please explain what ETF's are with a simple example; web definitions on it are too technical for me. Thanks

Supernova ,

Check out my blog entry for detail explanation for ETFs
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  #138  
Old 02-04-2009, 10:44 PM
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Originally Posted by abq_gc View Post
Hi Guys,

Need some advice regarding two stocks.

1) USO -- ETF for crude Oil. It is at about $29.00 but alst year in July it was about 120. IS it a good investment bet. I know I might have to hold it till summer of 2010.



2) HNSN -- Biomedical device maker. It is the next ISRG, as the reports indicate. They make the sensie robotic cartherer devices. No one else in the world does that. What do you guys think of this ? It is now at $4.50, at its peak it was about $37.00

Thanks for all the input.

abq_gc
USO is a typical criude ETF like AIG Crude - SCO etc .....HSNS is another medical Miracle company ....can pull rabbits outta hats (But hey this is a day traders analysis ....Not an investors)

My investor side says there are other better(safer) longs for your money that this one.
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Last edited by chintu25; 02-04-2009 at 10:47 PM.
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  #139  
Old 02-08-2009, 01:20 AM
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Originally Posted by chintu25 View Post
USO is a typical criude ETF like AIG Crude - SCO etc .....HSNS is another medical Miracle company ....can pull rabbits outta hats (But hey this is a day traders analysis ....Not an investors)

My investor side says there are other better(safer) longs for your money that this one.
hello Chintu,

If the Obama stimulus package passes, do you think the US steel sector will benefit from it ? If yes, then which companies do you think will gain the most. I think the " Buy American " clause will be there, so I guess it might just benefit the US companies. Which other sectors do you think might benefit from the Stimulus package ?

Thanks for all yur inputs.

abq_gc
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  #140  
Old 02-08-2009, 01:56 AM
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Originally Posted by desi3933 View Post
>> ... I would definitely say ..stay away from day trading !!!
Depends on lot of factors. I have been trading for last 10 years. I don't trade stocks. I trade index futures sp500 and Nasdaq mini. It is short term - couple of hours to maximum couple of days. Day Trading requires good analytical skills for technical charts and lot of discipline to follow enter and exit rules.

Taxes are computed differently for futures trading. You will need this IRS form (6781 Gains and Losses From Section 1256 Contracts and Straddles) to file your taxes for trading futures.

>> ... STAY AWAY from all day trading software !!!
I agree. They are mostly snake oil. I suggest - do some reading and follow some indicators and come up with Trading Strategy. It is recommended to do paper trading before starting trading with real money.

>> ... if you cannot take losses (or are happy with normal returns) ...stay away from stocks (except for a small portfolio/ 401 etc) completely
Trading, of course, involves risks. I pick funds for my 401(k). So far it has been good. I was up last year 4.2%. Never had any losing year in 401(k).

DO you mind to share what are all the funds or shares you are owning in your 401K


There are many tools for technical charting. I use Ninja Trader since it allow to me define new indicators using c# (.net) language.

If anyone is interested, I put my daily charts here. Sorry, I can not disclose my indicators and I don't have anything to sell either.

I can share some trading books, if you are interested.

Disclaimer: Information use only and should not be constructed as an offer to buy or sell any securities. Trading is very risky and is not for everyone.


DO you mind to share what are all the funds or shares you are owning in your 401K
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  #141  
Old 02-23-2009, 05:29 PM
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Hello Ivians,

Hope today wasnt too bad for yall in the market...Brace yourselves though since there is more to come......

Anyways Lets have another Chat session this week

Please suggest day / Time
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  #142  
Old 02-23-2009, 05:38 PM
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Originally Posted by desi3933 View Post
[color=DimGray]>>
>> ... STAY AWAY from all day trading software !!!
I agree. They are mostly snake oil. I suggest - do some reading and follow some indicators and come up with Trading Strategy. It is recommended to do paper trading before starting trading with real money.

>> ... if you cannot take losses (or are happy with normal returns) ...stay away from stocks (except for a small portfolio/ 401 etc) completely
Trading, of course, involves risks. I pick funds for my 401(k). So far it has been good. I was up last year 4.2%. Never had any losing year in 401(k).

Disclaimer: Information use only and should not be constructed as an offer to buy or sell any securities. Trading is very risky and is not for everyone.
Desi,
How can you deposit 401Km money to Ninja Trader, Your employer might offer one of top asset management company not Ninja.

Could you let us know what was your trading capital on which you made 4.25% return last year...
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  #143  
Old 02-23-2009, 06:22 PM
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I am surprised to find out that someone is still trading in the stock market. It seems CNN just reported that everyone who used to trade stocks have declared bankruptcy or were thrown in jail for running a ponzi scheme, so no one is left in the stock market. Great guys, you are still holding the fort and trading stocks to keep the hopes of humanity alive. 3 cheers for ya all!

.
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  #144  
Old 02-23-2009, 11:03 PM
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Originally Posted by 21stIcon View Post
Desi,
How can you deposit 401Km money to Ninja Trader, Your employer might offer one of top asset management company not Ninja.

Could you let us know what was your trading capital on which you made 4.25% return last year...
You are mixing two things. Ninja is software for charting. It supports add-on indicators in c# language.

I use Ninja software for making trading decisions for my futures trading account. Also, it helps me making decision to enter and exit Index based funds for 401(k) and IRA accounts.

For futures trading, I use short term chart setups whereas I use long term setups for index direction.

Hope it helps.
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  #145  
Old 02-23-2009, 11:08 PM
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Originally Posted by snathan View Post
Do you mind to share what are all the funds or shares you are owning in your 401K
Index based funds. Based on index direction, Enter/Exit rules are used.
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  #146  
Old 02-23-2009, 11:21 PM
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Originally Posted by GC_Applicant View Post
Thanks for offering to help.

Can you explain how does Nasdaq mini or S&P futures differ from stock. My understanding is that technicals are same behind any asset class.

If you could share your charts and explain your strategy, it will be a great help to all of us.
E-mini S&P 500 Futures

Each points = $50. Example Sold short at 796 and bought at 788. 796-788 = 8 points and that means 8*50 = 400 dollars profit.

E-mini NASDAQ-100 Futures

Each point = $20.

>> If you could share your charts and explain your strategy
I can not share my strategy, however I can share my daily charts.


Disclaimer: Information use only and should not be constructed as an offer to buy or sell any securities. Trading is very risky and is not for everyone.
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  #147  
Old 02-24-2009, 06:25 AM
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desi3933 .
I sent P.M ,Please reply to that.

Last edited by 21stIcon; 02-24-2009 at 12:18 PM.
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  #148  
Old 02-24-2009, 11:50 AM
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Default etf...

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Originally Posted by supernova View Post
Cam somebody please explain what ETF's are with a simple example; web definitions on it are too technical for me. Thanks
etf is very much like a pool of money that is used to buy certain set of stocks and then that set of stocks itself is divided into many equally priced units and sold to you, me and who ever wants to buy. after the "units" are sold, there are no new contributions to the pool of money and the stock composition does not change (in most cases). the exception is that in some cases, when the etf's "set of stocks" is actually a representation of an index (e.g. the SPY etf tracks s&p500), if the index itself changes (so if s&p 500 gets a new stock in it and an old stock is removed) then the etf holdings may change. to do all this crap, the company that puts together the initial pool of money charges a management fee.

the closes relative of an etf is the closed ended mutual fund. the only difference is that there is active management of the fund throughout it's life to maximize returns (i.e. stocks are bought and sold). typically, to do this crap, companies (understandably) charge more management fee.

in investor's terms, if you want direct but diversified exposure to a specific sector or specific index or specific anything of the market, then ETFs are a great instrument!
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  #149  
Old 02-24-2009, 03:26 PM
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Today's chart for SP&500 Mini (3 minute chart)




Disclaimer: Information/Educational use only and should not be constructed as an offer to buy or sell any securities. Trading is very risky and is not for everyone.
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  #150  
Old 02-24-2009, 04:50 PM
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Updated chart for SP&500 Mini (3 minute chart)





Disclaimer: Information/Educational use only and should not be constructed as an offer to buy or sell any securities. Trading is very risky and is not for everyone.
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