Originally posted by kats_21
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stock traders how y'all doing
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I like to use http://investorshub.advfn.com/ to for some research.. They have forums and boards you can post on and see what everyone is saying about the stock. I would not solely use this site but add it to the research site list.
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Originally posted by texasdeerhunter View PostHow are you guys picking the stocks to day trade? I have some that I want to hold long term, but it would be fun to day trade some too. Any tips for that?
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Originally posted by texasdeerhunter View PostHow are you guys picking the stocks to day trade? I have some that I want to hold long term, but it would be fun to day trade some too. Any tips for that?
For example, tomorrow I would watch AA (released earnings after market today) and PEP (release earnings tomorrow premarket). I would also pay attention to cyber security stocks (FEYE, CYBR, PANW) if anything today with United, NYSE, or WSJ show to be cyber attacks.Last edited by BigL; 07-08-2015, 03:52 PM.
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Originally posted by BigL View PostI start with stocks that are releasing earnings, conference calls, etc. If possible listen to the calls and do your research. I like ones that release premarket more than post market. From there learn some charting signals like doji patterns to try to catch a momentum swing. If none of the signals are there, move to the next stock.
For example, tomorrow I would watch AA (released earnings after market today) and PEP (release earnings tomorrow premarket). I would also pay attention to cyber security stocks (FEYE, CYBR, PANW) if anything today with United, NYSE, or WSJ show to be cyber attacks.
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Originally posted by texasdeerhunter View PostGood insight. I'll check em out tonight.
I would probably trade NFLX if I wasn't on vacation and only checking in late in the day. I haven't looked at the option premiums but options could also be used as a way to play NFLX at a discount. Because its price moves significantly after earnings, it may be a good candidate for a straddle/strangle that expire after earnings. I would also consider selling some credit spreads after the earnings call and having an opinion on what direction I think it will go.
Another to watch is CELG. They just announced an acquisition and moved something like $7.00 today. Biotech is a risky area as well because of needing FDA approvals for drugs, etc., but if you're going to trade any without doing research on drugs in pipeline, and where they are in the FDA approval process, stick to the big names like CELG or GILD.
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Originally posted by AJMag View PostI saw netflix yesterday and almost threw up. I should have and almost got in when their stock tanked to $80 a couple years after they made their announcement that ticked everyone off. I knew they would bounce back but never dreamed it would bounce this much. Boy was that a lesson learned.
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Just checking in on the ones I mentioned. Looks like CELG &NFLX both posted big gains. For CELG that's $15 in 2 days. Most of NFLX gains were after hours after their earnings release. BAC had a nice 3% increase and INTC posted a 1.5% increase.
Tomorrow I would continue to watch CELG and NFLX along with C, EBAY, UNH, GS, GOOG, and SLB.
If there is a dip in SLB, I like it for the long term possibility too. Using price of West Texas Intermediate as a catalyst of the stock, its about 10% from its low earlier this year and about 40% from the 200 da moving average. I like that risk:reward ratio and will probably buy more SLB on any weakness. Not to mention that WTI would need around a 100% increase to get to where it was around 100/bb not too long ago.
Again on my phone so haven't done a full analysis just hoping to give a little insight on how I find my stocks to daytrade.
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