:suspicious: Doubt something like this would be behind it dropping significantly tomorrow

^correct ! ( to kazuki)

Another beautiful day on the markets!

JPM: And anot a single fuck was given this day

thats why i love AMRN.. BOOOM

i usually have the worst luck when it comes to timing, but got in AMRN on thursday morning for a bit over $14.

hopefully this is a good sign.

was in at 13.84... hopefully this plays out nicely

^Nice buys on that dip. Been in since 10.50, average is 12.33...should get real interesting end of week early next week.

Looking at POT today. Whoever bought back at the dips at $40 level. Pretty good trade so far.

for MindBomber rules on whiteboard behind my desk:

1.Scale in all long positions
2.Don't chase
3.Cut losses early , especially if catalyst is far out
4.Patience
5.No mental fantasies
6.Macro market IS important
7.NO Options that expire before catalyst
8.DO not hold throgh catalysts
9.Buy the Bear Raid
10.Always have some free capital
11. Don't be afraid to short.
12.DISCIPLINE. Never break the rules.

edit: wow can't believe I forgot to write one of the most important rules on my wall gotta add this up there

13. No Emotion

and for newbies I'll give you a good one
"NEVER follow others"

does anyone here trade the S&P 500? or watch it closely?

what exactly do you mean by rule 2? don't chase?

what is catalyst? is this a stock term?

hmmm what else... thats it. lol.

don't chase a stock up if you missed the move

a catalyst is some event that moves the stock, eg. earnings, buy out, announcements, politics, etc..

GQC drilled a nice hole and is up 20cents

Stockwatch

I really want to learn trading the weeklies on S&P... the returns are insane but you need wizard like intuition on the markets. And my rules are centered around biotechs only, I only trade those because I know them in & out... A catalyst is like a major event for a company i.e. PDUFA decision, clinical data, etc... btw ulic I read most of the shit u sent me but I'm still to pussy to try trading futures lol

Huge volume in EBAY July 42 calls today, earnings after the close.

I want to know which canadian broker allows trading of weekly options..and at what price...

I'm currently with RBC

Should be any (for sure Questrade and Optionsxpress) it's just a matter of whether the underlying stock has weekly options offered.

Have a weird feeling AMRN might get delayed. stay safe.

haha can't you trade stock index without the leverage?

your rules seem very universal. a chart is a chart to me, i trade almost all futures off the same rules, fundamentals always follow technical!

edit: the AMRN drug website & label got leaked. no official announcement yet

^ what do you mean, wouldnt the results come from the fda? Can you elaborate?

How much capital would guys suggest I should have before going into the stock market?

One of my coworkers told me to have at least $4k to invest

Hey dude sorry for late response. AMRN's PR firm had put up a website url for AMR101 (trademark Vascepa) saying it had been approved and showed a 'draft' label which looked really good. They took the site down almost immediately after people found the URL. And as always if ur in this stock, sell on the pop or get burned

Depends if you'r going to play with leverage or just ur base. If your starting off trading options, you can get by with 2k and make some serious returns. Securities? 5k min. Margin/leverage , depending on buying power, 3kish.... keep in mind the less capital you have the more risk you have to take if that makes any sense.. lol

so its my first time looking into this. what are my options that i can do with 100$? some site that i found on google said that i can start off with that price at minimum.
which sites do you guys look at to check for your stocks? what are the things that i should be looking out for?