I'm thinking RIMM could be a potentially good long heading into March 29 Q1 earnings as they didn't pre-announce lower guidance and earnings as some rumors expected. A lot of the downwards price action happened on analyst downgrades while there have been a few positives such as Samsung possibly...
Thanks for clearing that up. Like I mentioned on the last page, I have little to no experience with currencies. It was a suggestion for those starting off with little money. It can be high risk/high reward, but I figured a rookie day trader might want to try that given the many hours there are...
Currencies (FX) just like any other market involve fees, except in FX it's the bid/ask spread. Over time if you are an active trader or get get stopped out quickly this can take its toll on your bankroll. The great/bad thing about FX trading is that you can use an absurd amount of leverage. 20x...
Yet people are still down on them and have Ohio St. knocking them off when they meet... I'd still say they're a dark horse regardless if they won ACC or not!
I urge you all to buy a put on your long positions if you haven't already done so to protect against downside risk... true you don't want to fight the uptrend but equities have become so complacent relative to other markets lately and correlations between currencies/commodities/bonds/equities...
If interested in options I encourage you to read "Dynamic Hedging" from Nassim Taleb for the math/science behind it and any of his other material for qualitative aspects. Below is a pretty interesting article.
http://www.gladwell.com/2...02_04_29_a_blowingup.htm
Essentially his thesis is to...
When looking at trading options these are the steps I personally take:
1) Use a market scanner to filter stocks with extremely low implied volatility relative to historic volatility
2) Go through each company's financials and research a little about industry and how recent corporate events has...
I bought some Jan 18 2013 RIMM calls with strikes at $15. My plan is to let the stock go up a bit and then average into a straddle position by buying a put with same strike or lower.
My thinking is that RIMM has shed 75% of its market value and is ridiculously undervalued on many traditional...
I know how it feels man...
-Just moved down to Denver from Canada for work
-Moved into a new apartment complex that has parking in front, but some of it is assigned and some isn't. I wasn't clarified at all that the covered parking was reserved/rented
-I work late/APAC shift and get home at 2AM...