Day trading corporate pilots

[siucavflight]

Just curious how many of you guys trade stocks when you are not working, I have a lot of time off since moving back to the states and have become rather addicted to day trading online. It is fun, almost like gambling, so far I have done pretty well the last few months.

Curious what stocks are you fellow pilots buying?

 

[heywatchthis]

I did that for about a year or so. Did pretty good then loss my ass. It was fun and educational.

That being said - I wouldn't recommend it!

 

[Amish RakeFight]

Bump...

 

[Len]

I ride my bike. Twenty hours this week. Why lose your a$$ when you can pedal a$$!

 

[Amish RakeFight]

I ride my bike. Twenty hours this week. Why lose your a$$ when you can pedal a$$!

I enjoy cycling too (more than running), but 20 hrs/wk?

 

[mxer]

A fool and his money.....

 

[kf4amu]

I day trade but only with stocks I would keep for the long term, at prices I am comfortable paying for the long term. That way, if it goes down I dont panic because I know it will come back up if my analysis is correct, and am still comfortable in my purchase.

I'll trade the volatility, get a couple 10 percent gains, then hold it long term if it goes lower.

 

[jonjuan]

I day trade but only with stocks I would keep for the long term, at prices I am comfortable paying for the long term. That way, if it goes down I dont panic because I know it will come back up if my analysis is correct, and am still comfortable in my purchase.

I'll trade the volatility, get a couple 10 percent gains, then hold it long term if it goes lower.

Yeah, like GE and AIG. Two of the former "bellweathers."

 

[kf4amu]

Yeah, like GE and AIG. Two of the former "bellweathers."

Says who? GE is a good company, but only at certain prices.

 

[siucavflight]

Citi is a great company at the current prices, I bought 1,000 shares at 1.35, hoping it goes up to about four bucks before I sell.

 

[kf4amu]

Citi is a great company at the current prices, I bought 1,000 shares at 1.35, hoping it goes up to about four bucks before I sell.

Hope is never a good plan for investing.

 

[siucavflight]

Hope is never a good plan for investing.

Well all reasoning and research does not seem to have worked for me these last few months, so I am now going on hope!

 

[kf4amu]

Well all reasoning and research does not seem to have worked for me these last few months, so I am now going on hope!

Not a good long term strategy!

 

[siucavflight]

Not a good long term strategy!

I know! But it will be fun while it lasts, and I am only extremely short term.

 

[AA717driver]

Market-timing my way to the poorhouse!



TC

 

[Rick James]

Guns and ammo are the only things I've made money on in the past year.

 

[ParrotheadPilot]

I'm in GE at $7.50, JNJ for the long term at $47, I just sold SGP at $23.50, bought that last week at $17. I just bought BUCY at $12.90 Friday. I own CHK at $20 so I'm down a bit there. I'm bought FSLR at $105 and sold at $127.50.


There you go, that's what I'm buying and selling at this time.

 

[LJ45]

maybe this is part of the reason our economy sucks ???

The ever mighty quick buck !!!

 

[siucavflight]

maybe this is part of the reason our economy sucks ???

The ever mighty quick buck !!!

So are you saying that given the opportunity you would not make a quick buck?

 

[ParrotheadPilot]

maybe this is part of the reason our economy sucks ???

The ever mighty quick buck !!!

Yep, it's day trader's like me that are keeping this economy from recovering

 

[siucavflight]

Yep, it's day trader's like me that are keeping this economy from recovering

Yeah, and here I thought that it was crappy policy from Bush and Obama, if I had known we were to blame I would just stop trying to make money.

Stocks I have bought in the last week.

CIT 2000 shares at 2.50

C 5000 shares at 1.55

AMR 4000 shares at 2.43

 

[AA717driver]

AMR 4000 shares at 2.43

And you didn't check with me first?!

If you're still holding that in May, I'm going to come find you and bitch slap some sense into you...

TC

 

[siucavflight]

What happens in May AA? So far the stock has made be about 450 bucks.

 

[matchthehatch]

There's a pretty unhappy pilot group talking about taking action.

 

[siucavflight]

There's a pretty unhappy pilot group talking about taking action.

Oh yeah the planned "chaos" scary!

I plan to only hold the stock for a few weeks anyways.

 

[AA717driver]

Oh yeah the planned "chaos" scary!

I plan to only hold the stock for a few weeks anyways.

Ok. That's better.

Seriously, I think AMR will go up but it's either a short term bump or a very long hold with some very rocky terrain in the middle.

I still believe AMR will use Ch.11 in the event of a labor "event". Too much to gain. Too little to lose.

Good luck, SIU!

TC

 

[siucavflight]

Thanks TC, I had been considering them for a long term investment, however I also see Ch. 11 as a possibility.

 

[C-150ETOPS]

Not corporate here, now airline but used to do corp/charter.

Technology has probably change,but in the late 1980's, some older inflight phone models could monitor other phone calls in the clear on whatever phone channel.

I don't remember how, but I remembering listening in on a 30 minute "big company" company strategy phone call inflight from another airplane while at cruise.

I was too young and stupid to trade stocks at the time, so my name wasn't "Bud Fox" and didn't end up with a Daryl Hannah girlfriend.

Current wife I met around that time was a keeper though

Thought about calling said CEO and VP and telling them what retards they were regarding corporate security, but then again, they owned GIII's and F50's, what do I know :laugh:

 

[bizjet800]

Not corporate here, now airline but used to do corp/charter.

Technology has probably change,but in the late 1980's, some older inflight phone models could monitor other phone calls in the clear on whatever phone channel.

I don't remember how, but I remembering listening in on a 30 minute "big company" company strategy phone call inflight from another airplane while at cruise.

I was too young and stupid to trade stocks at the time, so my name wasn't "Bud Fox" and didn't end up with a Daryl Hannah girlfriend.

Current wife I met around that time was a keeper though

Thought about calling said CEO and VP and telling them what retards they were regarding corporate security, but then again, they owned GIII's and F50's, what do I know :laugh:

Were you on that Micheal Jackson flight too??

 

[bizjet800]

I used to fly with a self proclaimed "day trader." On a trip He would sit all day trading I wouldn't see him until the closing bell rang. I would ask him and he would try to explain puts and calls. I finally understood the concept but I tried a few covered calls and ended up like everyone else--losing a bit of cash, hopefully not as much as most.

All I know is he is in his mid 60s and still flying 135 (a good gig though). I gathered he didn't make a ton of money--why else would he still be flying?