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For every 1000 in the bank, there will be $500 buried in my back yard in a coffee tin.

 

king cola

You just described my dads brother lol. My father has always played the market and talked me into investing,he usually invests in a stock and holds it for the long term if it goes up or down, if it's a solid stock with heavy volume he really doesn't worry much. My uncle however is just a bad gambler always looking for quick cash. He gets my dad to invest for him and they do the day trading on computer sometimes watching the trading live. My uncle will buy in, as soon as the stock goes down he sells it only to have the stock go right back up, then he ends up buying back in! He has been good at buying high and selling low just pissing the money away! Sometimes when I had a day off from work i've done the live day trading when stocks are going up or down a penny all day. It goes up a few pennies sell it, let it drop back down and then buy back in, it goes back up, sell it again and make some money and let it drop back down. Sometimes there will be a big spike in the pattern where you think it's going to drop back down after you sell it but then it just goes up even higher. I had that happen with Sirius last year but it wasn't in pennies it was a few dollar spike after I sold it for what to me was the right move and then it shot up a few dollars higher.

Option Calls and Option Puts can make someone some fast cash but you can also lose your money fast, it's a very risky way to trade. You have a contract for a certain length of time for something to happen and if it doesn't meet the requirement you will lose your money. Say you bid for the stock to go down but it turns around and does the opposite and goes up, your probably not getting the money back or you bid for the stock to go up and it goes down, your money is probably gone for good. If you bid $100 for a stock to go down on a option put and it goes down about 30 points your going to have a nice cash flow of over $50,000 which sometimes is a good risk to take on $100 but theres other fees that are included so you actually need to put up somore money than what you want to gamble with so you might be investing $140 for the $100 gamble. It goes with researching the companies but it's not always going to go the way you hope when it comes to their decision making. If someone knew that the oil prices were going to come down then you would probably do a option put and gamble on the oil trading and hope that it came down and didn't start going up more.

king cola

Thought we were talking about real life trading here, didn't know the site had a program for trading to practice. It's a cool idea to let people practice real life market trading. Just bought 748 shares of Sirius, we will see what happens with it.

Sec

I AM talking about real life

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