Mount Everest Financial Institute

https://www.youtube.com/user/Mounteverestfinancia

 

 

Too many sale at the end....and it didnot stay above s&p 500 875 ...it crossed but couldnt hold...might try to cross on monday...but i see we r heading nowhere but down....

Fortunefaded and inpeace,

Thanks but I am going to hold C for now, but I don't suggest to buy.  I suggested to buy on April 13th or the 15th, not today.   RCL did pretty well today despite other stocks in negative territory.   So did CSX, but it came down later.  US Dollar did pretty well today.  Having different trading options makes trading more interesting, even if you are not making money in stock you can make money in currency.  Take care. 

Have a nice weekend.

Wheel,

For some reason I find it hard to believe you. I do not think that you are a succesful trader for the following reasons.

1. You decided to stay with C when it is down big today. Any successful trader knows that the first rule of trading is "cut your losses short".

2. I watched your video on currencies and you mentioned fibs. I don't think I have met any consistently successful trader that trades based on fib retractment or commonly found technical indicators.

3. It seems that you are trying to teach people how to trade. If you have been so successful why teach others when it is going to take time away frm your trading.

4. You said that you have been trading for 26 years that means you started in 1983. The average life of a trader is 10 years and anyone who has survived the first 10 years is filthy rich now. There is no need to give classes to make money. Instead you should be enjoying all the money that you made so far.

I could be completly wrong and maybe you are a Nepali Soros but please prove me wrong by posting some of your trades, preferable Citi that you mentioned you bought at 1,2 and 3. I am a small time trader, my roommate's brother taught me how to trade and he used to trade for a hedge fund.

Please post your transaction history and I'll believe you. You should not have a problem since you are trading your own account. I am posting mine.

 

 

Just wanted to bring this to the top. Waiting for Wheel's response.

Guys keep FAZ on uor radar....But remember this is highly risky...u might loose everything....SRS looks great but too risky

More than 15million stocks sold right on close on fridy of  BAC...might go down on monday....other financial will go up....watch XLF@12...

But remember before going long...Commercial Real Estate and Credit Card Crunch have started......

Good Video on Geithner Plan

http://www.ft.com/cms/s/0/42f10f16-1a16-11de-9f91-0000779fd2ac.html?nclick_check=1

Where is Wheel?

Sorry guys and gals,

I don't come here on the weekend; I have a two year old daughter.   I am holding my position on Citi.  It is unfortunate that the market is falling on the news; even the news is good news.  Today BAC announces that they are profitable with over $4 Billion 1Q profit.  Still, the stocks are falling.  However, there is buzz in Wall Street that financial industry is turning around.  If I am right on every prediction and forecast, I would be millionaire by now. 

I ought to cut my loss, but I am not holding Citi on margin, and I would lose only if Citi goes bankrupt.  I also want to make it clear that I am not a financial advisor nor my company Mount Everest Financial Institute is a broker-dealer.  My company is a starting point for someone to start investing/trading and we do provide classroom training.  Investors/Traders should seek financial advisor or/and seek further research to form their own opinion.  No one can predict the future accurately in this volatile market all the time. 

If you watch my videos, I do point out that I could be right and I could be wrong. I was right about the US Dollar appreciating against EURO which I put the video in You Tube.  I have to admit that Inpeace and fortune faded were right about the Citi stocks possibly going lower in short term trading.  However, I was right on their profitability.  I have held a position for about two weeks on Citi stocks and made profit, when I bought at $1.3499 and sold at $2.6299 after fourteen days, and bought $2.98 and sold at $3.31 after 11 days. 

I also want to make it clear I am not here to brag that I am a Nepali Soros nor do I claim to be one.  I just want to provide information to Nepali brothers and sisters and I do better communicating in English than in Nepali.  Some people in this forum are bright and are professional, and using more brain to analyze information is better than using one brain that is if you are interested in participating constructively.  I am working on a radio program at 12:00pm today, if my guest has time to make it.  My guest is an experienced trader and he used to be Director of Mutual Fund in Nationwide Insurance Company for 18 years.  He and I share a lot of information, and I am working to share that with your guys.  If this program does not happen, it will happen in near future, but I have completed all the technical setup for the program.  And if this guest is unavailable, I will bring some other expert and discuss fundamental and technical analysis on the program. 

 I am usually busy, but multitasking and I may not come back here after a few hours or even today.   Keep those thoughts coming; share your trading experience and good luck on your trading. 

All the best

Well, DOW is down 289 pts in US Trading session.  Not a pretty day in Wall Street. 

This audio was broadcasted today at 12pm.  

http://www.blogtalkradio.com/Mounteverestfinance

I will also broadcast conversations with an expert guest in the near future. 

If you or someone you know are interested in participating in Trade Talk in the future, send me an email.  

Mr Pandey,
How come you've been trading stock since 1981 ?
FYI Dow Jones is an average, it is not a stock.  Dow Jones is not a stock or commodity.  It doesn't trade. So when you said Dow Jones was trading at ...... caught my attention.  It is a index of the  stock of 30 blue chip companies in the Nasdaq.

So please Mr. Pandey, be more precise..... I know you are doing a good job but c'mon choose the right words..

Don't worry Mr. Pandey,

Your idea to spread the knowledge of stocks have brought other talented Nepali to this forum, Some are very smart. One should be able to understand how to utilize knowledge available for FREE. When you go public , market decides your fate ........... :)

Keep up your good work.

LOL @ true_nepali.
Anyone else buying FAZ tomorrow?
Check out why....
http://www.sajha.com/sajha/html/openThread.cfm?forum=2&threadid=71054

Fortunefaded,

FAZ name is Bear.  Did they Short sell yesterday and made profit.  Find out.  Everyone else's stock was down yesterday (the ones I checked). 

Stocks should go higher today.  From my experience (Basnetpr, since 1986 not 1981), stocks tend to turn around on Tuesday.  Bpr is right DOW is an industrial average of utilities, railroad and some other stocks, but the number comes from trading stocks and the average jumps up and down while stocks are trading. 

Good luck on your trading.

DOW is up 120 pts! 

Today at 5am I knew stocks would go higher - Turnaround Tuesday.  Those who are whinning will never make money in stocks. 

P  A  T  I  E  N  C  E  is one of the keys in stock trading/investing.  It appeas, I am going to make profit from Citi group stocks.  If you don't know how to trade and make profit, take a class or ask for specific advice like where to enter and where to exit.  If you don't know how to do that DON'T trade, and whine I lost money because I listened to Warren Buffet or Kramer or Mr. Pandey and so and so. 

In stock market there is no risk no reward.  No pain no gain.  You have to take the pain when the market goes down, and profit when it goes up. 

Traders, best of luck in tomorrow's trading!

 

So I bought whole lot of C, some of BAC and little bit of WFC.  Let's see how those fare down the road.  Gotta be bold when others are scared.

I am thinking of buying some oil stocks now. 

Any suggestions?

Riten,

    Which oil stocks are you planing to buy?Would you mind sharing your thought?

Thanks

riten,
all i would say is please do your own due diligence before you invest in financial. i am sure you would be rewarded if your time horizon is long but if not there are lot of areas where one can lose their shirts.

yeah mr. wheel... dow is up 120 points. did you get out of your holdings of "C" yet?

LOL.. stocks tend to go around on tuesdays hmmm.... you can look @ the excerpt i posted below and you can refute me .... if it was that simple then you would not be here making the statement and i would not be here posting this. you would be in malibu on your private jet (O: no offense.

and btw, admit that you would never be able to be 100% accurate. the idea of being a trader is to be able to predict most of the time the correct direction of market...... . btw, being lucky != being trader.


lets look @ 2 months data: i.e. when you had a good 22% run from the low. [ you can decide yourself about what you said ].
                            Dow          Nasdaq 

Monday, Feb 2      7936.83   1494.43

Tuesday, Feb 3     8078.36   1516.30


Monday, Feb 9      8270.87   1591.56

Tuesday, Feb 10   7888.88    1524.73


Monday, Feb 16    N/A           N/A

Tuesday, Feb 17   7552.60    1470.66


Monday, Feb 23    7114.78    1387.72

Tuesday, Feb 24   7359.94    1441.83


Monday, March 2     6763.29  1322.85

Tuesday, March 3    6726.02  1321.01


Monday, March 9      6547.05  1268.64

Tuesday, March 10   6926.49  1358.28


Monday, March 16    7216.97  1404.02

Tuesday, March 17   7395.70  1462.11


Monday, March 23    7775.86   1555.77

Tuesday, March 24   7660.21   1516.52


Monday, March 30    7522.12   1501.80

Tuesday, March 31   7608.92   1528.59


Monday, April 5     N/A             N/A

Tuesday, April 6    7975.85      1606.71

Monday, April 13    8057.81     1625.72
Tuesday, April 14   7920.18     1626.80

for those of you who are interested can follow me @
http://thapap.blogspot.com/ [ for how i interpret this market ]

thapap--

     Most of the time,I agree with you--but could not agree much this time on your anticipation of S&P going below 600 on thapap.blogspot.com.

   Couple of days ago,You were predicting c reaching $5 on June  and also hoping S&P 500 pulling back below 600..I could not buy this..

 I am hoping your analytical answer as usual ..

 Thanks

Mr. wheel,
don't count your chickens before they are hatched.
"Today at 5am I knew stocks would go higher - Turnaround Tuesday.  Those who are whinning will never make money in stocks. "

Oh, so the stock market behaves depending on how you feel at 5am in the morning? Hmm, have you visited a doctor recently? You might want to before a 5 am artery clog gives you a heart attack by the end of next week. And please be responsible in what you say as you can clearly see newbies following your footsteps with a blindfold.

We might be at the pinnacle of the bear market rally and people tread those waters carefully. From what I gather Mr. wheel, you don't seem to put a trailing stop or any kind of stop limit on your trades. May I ask why?