VISA IPO is gonna be a blast

[imported_Lothar]

Originally posted by: Naustica

Originally posted by: Lothar

Originally posted by: Capt Caveman
Or you can buy and sell on the ups and down and make some additional money.

Day trading is "generally" a losing game.
I don't play it.

EDIT: Quoted for emphasis because I know someone will soon pop in saying they make a living day trading.

Actually any kind of trading is hard. But day trading is extremely hard. Big problem people have in trading and especially day trading is that they try to force trades and trade too often. If you pick your spots and don't trade for the sake of trading, you can do pretty decent. I'm a failed trader. I was full time trader out of my home for almost 6 years. I mainly swing traded but occasionally day traded when opportunities presented itself. While I enjoyed my time trading full time, the pressure to constantly produce gets to you and restrict you in lot of ways. Now I've joined the working for a living crowd again, I find trading little easier as the pressure is off and my risk profile has changed. I trade mainly for fun now and of course to try to make money.

That's the problem right there.
Especially with many of those discount brokers offering $0 commissions if you make 120 trades/4-6 month periods, they have to keep trading otherwise it gets expensive and commissions will eat them alive.
They are under pressure.

If you won't trade often or are a "buy and hold" investor then there's no need for anyone to quit their day job.

 

[imported_Lothar]

Originally posted by: LegendKiller
lol, this is too rich.

What is?

 

[LegendKiller]

Originally posted by: Lothar

Originally posted by: LegendKiller
lol, this is too rich.

What is?

The ironing.

 

[imported_Lothar]

Originally posted by: LegendKiller

Originally posted by: Lothar

Originally posted by: LegendKiller
lol, this is too rich.

What is?

The ironing.

I take it you didn't buy the VISA IPO?

 

[LegendKiller]

Originally posted by: Lothar

Originally posted by: LegendKiller

Originally posted by: Lothar

Originally posted by: LegendKiller
lol, this is too rich.

What is?

The ironing.

I take it you didn't buy the VISA IPO?

The IPO has nothing to do with it.

 

[ponyo]

Originally posted by: CoBRaXT

Originally posted by: Naustica

Originally posted by: Lothar

Originally posted by: Capt Caveman
Or you can buy and sell on the ups and down and make some additional money.

Day trading is "generally" a losing game.
I don't play it.

EDIT: Quoted for emphasis because I know someone will soon pop in saying they make a living day trading.

Actually any kind of trading is hard. But day trading is extremely hard. Big problem people have in trading and especially day trading is that they try to force trades and trade too often. If you pick your spots and don't trade for the sake of trading, you can do pretty decent. I'm a failed trader. I was full time trader out of my home for almost 6 years. I mainly swing traded but occasionally day traded when opportunities presented itself. While I enjoyed my time trading full time, the pressure to constantly produce gets to you and restrict you in lot of ways. Now I've joined the working for a living crowd again, I find trading little easier as the pressure is off and my risk profile has changed. I trade mainly for fun now and of course to try to make money.

If I may ask, how did you do over that six year period?

I did extremely well the first 3 years. Lot of it was just luck and rising tide lifts all boats. But at the time I thought I was good. I was making several hundred thousands of dollars a year. After the bubble burst, I bled to death. I was in denial at first and it took a good year before I accepted the fact the easy money was gone and the times had changed. I bought a restaurant and ran that for a year before deciding that wasn't for me. I went back to trading for another year while trying to figure out what I wanted to do. Finally figured out what I wanted to do and started my contracting business. I make my money the old fashioned way now. I earn it. I still trade but I invest lot more now. I've no pressure now and my trading and investments now are just gravy. I feel like I could make a living trading if I wanted to but why? My business is booming so that's where my time and energy is spent.

 

[ponyo]

Originally posted by: Lothar

Originally posted by: Naustica

Originally posted by: Lothar

Originally posted by: Capt Caveman
Or you can buy and sell on the ups and down and make some additional money.

Day trading is "generally" a losing game.
I don't play it.

EDIT: Quoted for emphasis because I know someone will soon pop in saying they make a living day trading.

Actually any kind of trading is hard. But day trading is extremely hard. Big problem people have in trading and especially day trading is that they try to force trades and trade too often. If you pick your spots and don't trade for the sake of trading, you can do pretty decent. I'm a failed trader. I was full time trader out of my home for almost 6 years. I mainly swing traded but occasionally day traded when opportunities presented itself. While I enjoyed my time trading full time, the pressure to constantly produce gets to you and restrict you in lot of ways. Now I've joined the working for a living crowd again, I find trading little easier as the pressure is off and my risk profile has changed. I trade mainly for fun now and of course to try to make money.

That's the problem right there.
Especially with many of those discount brokers offering $0 commissions if you make 120 trades/4-6 month periods, they have to keep trading otherwise it gets expensive and commissions will eat them alive.
They are under pressure.

If you won't trade often or are a "buy and hold" investor then there's no need for anyone to quit their day job.

It just depend on size of their account. I paid around $20-30k a year to my discount brokerages in commission and interest. I didn't mind paying because I was making lot more. I just looked at it as cost of doing business and an expense.

 

[Capt Caveman]

Over $68 in pre-market. Argh, should have bought that additional 500 shares when it was $57.

 

[Ricochet]

It's gone down almost $3 today.

 

[jfall]

Originally posted by: ricochet
It's gone down almost $3 today.

It'll bounce back, this is a long term stock

 

[CoBRaXT]

Originally posted by: jfall

Originally posted by: ricochet
It's gone down almost $3 today.

It'll bounce back, this is a long term stock

Most definitely. Check back in 3-6 months and see where this thing is trading at.

 

[wasssup]

ARGH!! I placed an order at market price before the market opened (it was sitting at $70.97, but that was at market close yesterday) and got dragged into a 9-10am meeting. I got back to find out I got 150 shares @ $72, and it dropped like a brick right after...

Wished I waited and got in at $70, it'll definitely go past $72 tomorrow but I could've been up that much more. 1st qtr earnings will be announced monday, right?

 

[sandmanwake]

Originally posted by: wasssup
1st qtr earnings will be announced monday, right?

After regular trading hours if I'm recalling correctly.

 

[Spineshank]

Man i wish i had more money when bought in at $57.

 

[Firebot]

80.88 now. Too bad I had so little money at the time and only have a few shares at 58.

 

[neovan]

Do you think Visa will be giving out dividends? When would they start if they did?

I'm in at 57 too and its at 87.23. I keep on thinking that there will be a pullback but no such thing so far. Doesn't really matter to me since I'm in for the long term.

 

[Spineshank]

I fully expect it to reach Mastercard numbers. Depending on how high it is by end of summer i may pull out but well see.

 

[edro]

What major IPOs have failed in the first few years?

It seems to me that every major IPO does amazing the first few years, then levels off.

 

[Aharami]

wish I'd bought more than 57 shares

 

[tw1164]

Originally posted by: edro
What major IPOs have failed in the first few years?

It seems to me that every major IPO does amazing the first few years, then levels off.

I don't know how you define Major but Vonage comes to mind.

 

[manlymatt83]

How can I get involved in this IPO? Or is it too late?

 

[edro]

Originally posted by: tw1164

Originally posted by: edro
What major IPOs have failed in the first few years?

It seems to me that every major IPO does amazing the first few years, then levels off.

I don't know how you define Major but Vonage comes to mind.

Good one!
I think I'll start a thread to get more attention.