Wolfbane Posted May 19, 2016 Share Posted May 19, 2016 My stock tip: Buy low, sell high. Quote Link to comment Share on other sites More sharing options...
JJkizak Posted May 19, 2016 Share Posted May 19, 2016 Nobody told me about that. No wonder why I lose money. JJK Quote Link to comment Share on other sites More sharing options...
oldtimer Posted May 19, 2016 Share Posted May 19, 2016 Stock up on Oldtimer's Honolulu Pepper Sauce. 1 Quote Link to comment Share on other sites More sharing options...
Ski Bum Posted May 19, 2016 Share Posted May 19, 2016 I'm more interested in short term gain potentials. Well, that's your problem right there. You like to gamble. Over the long haul, the boring, old fashioned Benjamin Graham approach will beat the gamblers each and every time. 1 Quote Link to comment Share on other sites More sharing options...
Bella Posted May 19, 2016 Author Share Posted May 19, 2016 (edited) Gamble? No. It's all 'just for fun' though. Don't take me serious on anything I post in this thread. Edited May 19, 2016 by Bella 1 Quote Link to comment Share on other sites More sharing options...
akdave Posted May 19, 2016 Share Posted May 19, 2016 I'm more interested in short term gain potentials. Well, that's your problem right there. You like to gamble. Over the long haul, the boring, old fashioned Benjamin Graham approach will beat the gamblers each and every time. Ditto, what can give quickly can take quickly. Stats are all over the map on day/swing trading, but chances of long term success at quick, big, short term gains are very slim. Long term investing on the other hand, has a much better success rate. http://vantagepointtrading.com/archives/13922 estimates long term success at 3.5-4.5% (success meaning profitable which means at least just over breaking even, not necessarily making big money) http://www.dummies.com/how-to/content/day-trading-success-rates.html the dummies estimate failure rate for day traders at 80% in the first year (walk away and don't come back). This is all strictly fun. Quote Link to comment Share on other sites More sharing options...
Bella Posted May 19, 2016 Author Share Posted May 19, 2016 (edited) dummies estimate failure rate for day traders at 80% in the first year (walk away and don't come back). Long term investment is the commonly accepted vehicle for growing money. If you can make 4% return over the long haul that's boring. Day trading is another animal altogether. I believe you men term it 'hit it and quit it.' You can easily walk away with an STD. Then there is the in-between strategy. 2-3% on the invested funds. Then use those gains for more buying power. 2-3% again on the invested funds. And so on. Doesn't that sound 'fun?' Edited May 19, 2016 by Bella Quote Link to comment Share on other sites More sharing options...
Ski Bum Posted May 19, 2016 Share Posted May 19, 2016 Even Graham suggest scratching the gambling itch, it's human nature after all. If the portion of one's assets they allocate to "fun with trading" is but a tiny fraction of their overall investable funds, I think that's ok. I'm not sure who would settle for 4% returns. DGI typically gets one in the low double digit percentages (historical market trend is up, so necessarily there is both growth and income involved). 4% is generally the yield target, but the sort of companies that withstand analysis (in the Graham sense) are exactly the ones likely to prosper over time. Financial independence is not boring, even if the most proven method to achieve it is. 1 Quote Link to comment Share on other sites More sharing options...
akdave Posted May 19, 2016 Share Posted May 19, 2016 dummies estimate failure rate for day traders at 80% in the first year (walk away and don't come back). Long term investment is the commonly accepted vehicle for growing money. If you can make 4% return over the long haul that's boring. Day trading is another animal altogether. I believe you men term it 'hit it and quit it.' You can easily walk away with an STD. Then there is the in-between strategy. 2-3% on the invested funds. Then use those gains for more buying power. 2-3% again on the invested funds. And so on. Doesn't that sound 'fun?' If someone is disciplined enough to not keep putting the whole farm in - I agree. Very few maintain that strategy for long. Even Graham suggest scratching the gambling itch, it's human nature after all. If the portion of one's assets they allocate to "fun with trading" is but a tiny fraction of their overall investable funds, I think that's ok. I'm not sure who would settle for 4% returns. DGI typically gets one in the low double digit percentages (historical market trend is up, so necessarily there is both growth and income involved). 4% is generally the yield target, but the sort of companies that withstand analysis (in the Graham sense) are exactly the ones likely to prosper over time. Financial independence is not boring, even if the most proven method to achieve it is. Agreed - a little gamble is entertainment as long as the corpus of the financial picture is not in play. Financial independence is NOT boring - well said. The process to get there can feel boring in the short term which, imho, is why so few Americans are there. I earned 8% on $5,000 last year? well that's no big deal... keep feeding that monster through monthly or annual contributions and after a few years 8% will feel like a very big deal! I'd even say it's fun! People who get liposuctions get fat again very quickly, people who get rich quickly get broke quickly statistically. Because the discipline of lifestyle change was not implemented to maintain either. Quote Link to comment Share on other sites More sharing options...
Bella Posted May 22, 2016 Author Share Posted May 22, 2016 This week: NYSE: CDE Last week's results? I did OK. It was fun. Quote Link to comment Share on other sites More sharing options...
eth2 Posted May 22, 2016 Share Posted May 22, 2016 Being a "conservative" investor, I am sticking with utilities. But then again, I bought GM 4 weeks prior to bankruptcy. Quote Link to comment Share on other sites More sharing options...
mustang guy Posted May 22, 2016 Share Posted May 22, 2016 NFLX long term. They are here to stay and more viable every year. On the verge of China market, in fact their market strategy is to buy movies with investor money until they get China. This is working, and it looks like there isn't anybody in sight to compete with them. 1 Quote Link to comment Share on other sites More sharing options...
jimjimbo Posted May 23, 2016 Share Posted May 23, 2016 If Chopin Vodka has a place on the market, we should all buy long just before the Hope gathering each year...... Quote Link to comment Share on other sites More sharing options...
Bella Posted June 18, 2016 Author Share Posted June 18, 2016 (edited) I'll start... NYSE: AG still going up. pro tip: short AAPL http://finance.yahoo.com/q?s=ag&fr=uh3_finance_web_gs_ctrl1&uhb=uhb2 The one month update: AG up .45 cents. Not great, but money could have been made, just for fun. It has ran its course and I lost interest a few weeks back anyway. I missed on the AAPL short. Edited June 18, 2016 by Bella Quote Link to comment Share on other sites More sharing options...
Bella Posted June 18, 2016 Author Share Posted June 18, 2016 (edited) This week: NYSE: CDE Last week's results? I did OK. It was fun. The one month update: CDE up $1.65. Nice. Edited June 18, 2016 by Bella Quote Link to comment Share on other sites More sharing options...
Bella Posted June 18, 2016 Author Share Posted June 18, 2016 (edited) I've been out of the country. Otherwise I would have mentioned AMD last week, just for fun. And I still will. Edited June 18, 2016 by Bella Quote Link to comment Share on other sites More sharing options...
Bella Posted June 18, 2016 Author Share Posted June 18, 2016 (edited) Deleted. Edited June 18, 2016 by Bella Quote Link to comment Share on other sites More sharing options...
Jim Posted June 19, 2016 Share Posted June 19, 2016 When playing with "fun" money, I would buy covered calls on my stock, if the stock doesn't run up to the price point, you keep the money.Very easy way to make a few grand weekly/monthly. And the best part is if you get "called" on your stock, you make money.And then on the way down, puts are good. Quote Link to comment Share on other sites More sharing options...
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