Any day traders on here?

[stevo]

Check out WRLS

Bought in at around $2.50. Currently at $7.25. Expected to climb further.

 

[Area52]

In this economic mess were in, I would think GOLD would be the place to invest.

I don't what it's up to right now, but I know it's far up there than it was 8 years ago.... I bought this Gold chain for my husband about that time for $450, recently a jeweler who was fixing something for us asked to see the chain, he weighed it and offered us $1150 for it, we were quite surprised and turned it down of course.

Did Gold really double in the last 8 years?

It did alot better than that. Gold dipped down to below $300 around 2001 before it started the accent. Around that time you could buy 100 year old, uncirculated and graded US $20 gold coins on ebay for $350 all day long. Now, they will cost you at least $1700+ on ebay and they have been one of the cheapest places to buy. Considering a recent high of over $1400 an ounce, that's over a 400% increase since 2001. Silver is up more than 700% in the same time period with a strong move this year. The years 2001 to 2004 were like a candy store for gold and collector coins in general. Some of the rarest US coins were available at bargain prices with a click of your mouse. Hard to believe now.

I would certainly study the history and even seek pro advice before putting a large sum into it at this point.
For instance, fed actions or policy can dramatically affect the price.

---------- Post added at 05:11 AM ---------- Previous post was at 04:40 AM ----------

I'm thinking about getting back into the market....

Fyi. Our beloved powers that be just watching out for us.
If you are really daytrading you need to know about the restrictions.
http://en.wikipedia.org/wiki/Pattern_day_trader

By the way, late 2008, Ford was on sale for $1 a share.

 

[H2FC]

I daytraded stocks for many years but now a longer term investor. Most recent success was with caterpillar (cat) which dropped to under 24 in march 09 and now at 94. A great american company I've always felt strongly about....just wish I had bought more when it dipped.

 

[stock_post]

Was active trading ten years ago and I have learned something:
- What you sold will go up
- What you bought will go down

I had this experience and then lost my As* and just recovering from that loss.
So, I am not going to put my hand in for now.. (hopefully never)

 

[MichaelJ137]

I really do love the markets myself....
1) I wish I had more capital to invest/play with
2) I have made some coin in the market and fought my share of battles, and Ive learned that no one is untouchable and the market can and WILL humble you gracefully without warning

For shorting, I Realllly like Timothy Sykes, just finished his book "An American Hedge Fund", what a story. Check timothysykes(.)com and Investimonials(.)com, also proit(.)ly, awesome sites

For the longs and Buffet style investors, theres always Greenbackd(.)com or TheMotleyFool(.)

My pick of this year, buy ACTC and hold it 6-12 months. Then when you make a ton of dough by year end, PM me for my paypal address and tip accordingly = )

Best wishes for 2011 everyone!

---------- Post added at 10:44 AM ---------- Previous post was at 10:43 AM ----------

Ohhhh and for people who like to short, twitter is the BOMB! follow @InvestorsLive and @TimothySykes and @Kunal00

I really wish I had the money to be the trader I know I can be. That goes for domaining too. Sigh.