The investment..speculation, out right gambling thread

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9981

<p>“Btw, GTAT was recommended by Mad Money Aug 26.Good thing I don’t listen to that show anymore.”</p>

<p>I love that. :)</p>

<p>“I closed out my Xirius FM account for my car. I didn’t want to listen to stock market all the time.”</p>

<p>I know people like trading. That’s cool. I liked it. </p>

<p>I dont watch cnbc much. I dont read the wsj. I am not watching bloomberg. I read very little from seeking alpha. I dont read the business section of the NY Times much anymore. </p>

<p>If a story doesnt hit yahoo or zite, I guess I dont see it. </p>

<p>I think that tells me I am not interested in trading. And if I am not interested, I wont do well. </p>

<p>For those that are interested, go for it. I am just talking about myself. </p>

<p>Maybe I will change my mind tomorrow . :)</p>

9982

<p>What’s the problem? You don’t like to play and lose your shirt?</p>

9983

<p>Well I need to keep myself from getting bored. I’m going to take my initial money out and just trade on house money, the gain I’ve made this year. </p>

9984

<p>Doct, lol. </p>

<p>It’s boring. ;).</p>

9985

<p>Local news mentioned Ebola could be in LAX. Not good news for the stock market if this Ebola is not contained.</p>

9986

<p>Well, that’s more spin than fact. It’s really a example of the precautions being taken – it looks like an airline passenger who had been to Liberia and has some sort of illness was taken to the hospital and isolated – but it doesn’t appear to be Ebola. If they are going to start taking the temperatures of everyone arriving in the US who has traveled to west Africa, they are going to end up treating a lot more cases of flu than Ebola. </p>

9987

<p>FWIW, the LA patients do NOT have Ebola, tho two were tested and will shortly be released.</p>

9988

<p>Any suggestions on a book/website on learning about shorts/puts?</p>

9989

<p>I hope we crack. I dont know if we are going to crack, Almost every asset class is overvalued. I am a buyer and I dont like overvaluations. </p>

<p>I havent traded anything. </p>

9990

<p>I’ve been doing those put spreads almost daily.</p>

9991

<p>:)</p>

9992

<p>I’m also short 106 and 105 iwm puts expiring tomorrow. After yesterday, I thought I was pretty safe. We’ll see what develops tomorrow. I’m still not convinced that the market is going to correct (10% or more). </p>

9993

<p>Hm…</p>

<p>My speculation is that many of the discussions on this thread have nothing to do with the stock market.</p>

9994

<p>Doct , last week you were safe. This week… i dont know about those iwms . ;)</p>

9995

<p>What’s up with today? Outlook is bleak for Germany? It reminds me of Oct 1987. </p>

9996

<p>“My speculation is that many of the discussions on this thread have nothing to do with the stock market.”</p>

<p>You’re right, it’s about gambling in general</p>

9997

<p>It’s gambling with the stock market.</p>

9998

<p>Starting to get a bit painful. My 106 iwm puts were rolled out to 10/18 103’s (collecting .25 and the 105’s to 101’s (collecting .17). On the spy 195.5 - 195, 192.5 - 187 put spreads, I had to roll out the 192.5 to 10/18 189 - 170 puts for a gain of .36. The market is getting to the point that I will probably start nibbling at some spy, googl, iwm and qqq calls.</p>

9999

<p>Hmmmmm…glad I am not short any puts. I am long so I am losing.
I see that the vix is around 21. I think the vix should be trading higher. I want to see the vix hit 30. </p>

<p>Now I wish I hedged. I still want the market to decline. :)</p>

<p>These drops make the market more interesting.</p>

10000

<p>The market was painful for me because I short SAVE but the traders were stubborn, half an hour before the market close I gave up, loss less money but I was no winning. My right arm had a nerve pinch so I was also in pain. Had my arm not hurting I might have stayed till the end and made some money. I had to go to a massage therapy for my arm. But at least my arm is not hurting.</p>