July 2012 Trading Thread

savant111 · 07-01-2012, 09:18 AM

Let's start the second half!

I think the focus might shift to the US economy for once. Jobs report and earnings season should be front and center.

It'll be a pretty quiet first week for me. I'm holding spy short through the week as I want exposure to the job report on Friday.

If jobs come in-line, I'll cover the spy and take my medicine.

No watch list this week. Only bet I'm looking to make is if we are up Monday and open up on Tuesday, I may look to go long some inverse ETFs for a trade only. If we rally MOn and Tue I think it is likely that traders are going to take profits on Thursday ahead of Jobs report. I'd cover before the report.

savant111 · 07-02-2012, 01:26 PM

If we end up in the red today that is probably enough to keep me from making any new short entries this week.

Overall my short term bearishness has turned more to a neutral position. I'll see how the week unfolds. I may look to cover my spy short at some point during the week as cash might be the better position.

JBmadera · 07-02-2012, 01:28 PM

thinking it will be thin and choppy so I'll probably be on the sidelines, other than some /CL and /GC scalps.

boldnbet · 07-02-2012, 02:01 PM

Sorry for the noob questions. I'm trying to get back to trading and haven't done much research yet. Can you guys recommend me like 3-5 stocks I need to consider holding for like 1-2 months?

Thanks

savant111 · 07-03-2012, 12:24 AM

Quote:

Originally Posted by boldnbet

Sorry for the noob questions. I'm trying to get back to trading and haven't done much research yet. Can you guys recommend me like 3-5 stocks I need to consider holding for like 1-2 months?

Thanks

Def research these first before buying but: AAPL, DDD, WWWW, WPI, EBAY, ULTA V, ISRG, PCLN all have a shot to do pretty well if we get a summer rally.

AMZN, ASPS, SWHC, CF, And CSTR i like less but are set to pop too.

Biesterfield · 07-03-2012, 03:09 AM

DAVID EINHORN FINAL TABLE OF ONE DROP gogogogogo

Antonio Esfandiari 39,925,000
Sam Trickett 37,000,000
Guy Laliberté 21,700,000
Brian Rast 11,350,000
Phil Hellmuth 10,925,000
David Einhorn 8,375,000
Richard Yong 7,475,000
Bobby Baldwin 7,150,000

boldnbet · 07-03-2012, 01:10 PM

will you guys share what you are holding at what price?

RedEyedTroll · 07-03-2012, 01:25 PM

Quote:

Originally Posted by boldnbet

will you guys share what you are holding at what price?

VVUS at $22.30, holding through approval (hopefully FDA approves Qnexa) and OMPI at $14.95.

JBmadera · 07-03-2012, 01:27 PM

Quote:

Originally Posted by JBmadera

thinking it will be thin and choppy so I'll probably be on the sidelines, other than some /CL and /GC scalps.

big mistake trying to jam in a few trades today, 3-4 ticks slippage on EVERY trade, f*cking nonsense.

JBmadera · 07-03-2012, 01:31 PM

Quote:

Originally Posted by boldnbet

Sorry for the noob questions. I'm trying to get back to trading and haven't done much research yet. Can you guys recommend me like 3-5 stocks I need to consider holding for like 1-2 months?

Thanks

I don't do a ton of swing trading, but I would check out Slope of hope, there are a number of swing traders that routinely post up their trades (although most of are bears).

Currently I am holding INTC, ATLS, TRX, as well as a couple of 3x long Intl ETF's.

Cheers

MaliceUW · 07-03-2012, 06:02 PM

nugt @ 8.48
ugl @ 78.08

tastychicken2 · 07-03-2012, 06:07 PM

Quote:

Originally Posted by MaliceUW

nugt @ 8.48
ugl @ 78.08

i don't know how this is a brag

ur already doing it wrong by holding these **** securities for more than a month

MaliceUW · 07-03-2012, 06:43 PM

Quote:

Originally Posted by tastychicken2

i don't know how this is a brag

ur already doing it wrong by holding these **** securities for more than a month

?

Quote:

Originally Posted by boldnbet

will you guys share what you are holding at what price?

wasn't meant to be a brag, simply responding to the above poster (learn to read before being an ignorant moron) -- I follow a very successful trader and we're up 122% since last year so I'll stick with him and you keep laughing about something you have no idea about

tastychicken2 · 07-03-2012, 08:11 PM

Quote:

Originally Posted by MaliceUW

nugt @ 8.48
ugl @ 78.08

I've met your kind before!!!

Although I don't doubt your returns your comment above about no leverage + this makes me speechless.

I'll let the others do the bashing.

MaliceUW · 07-03-2012, 08:42 PM

Quote:

Originally Posted by tastychicken2

I've met your kind before!!!

Although I don't doubt your returns your comment above about no leverage + this makes me speechless.

I'll let the others do the bashing.

huh? if you're referring to the last thread I said without options