I'm investing in Electricity. Is has the monopoly in Belgium and is definitely going to go up. It might not get back up fast or easily because with the crisis people are paying attention to there lifestyle, but I would be glad if the stock price doubled. I'm planning on doing a quick trade, probably in a day or two.
Nope. I am saying that gamblers always have their "on a roll" periods where they gloat about how smart they are and how they know everything. They tend to stay quiet during their down periods. If it was as easy as they said, regardless of their perceived knowledge, they would be fund managers.
Ha I just heard that there where some house's for sale in detroit for 1000$. Haha **** is really happening.
well I started off in engineering at ut and got burned out with that. so I finished with a history degree and graduated back in 03. after I graduated I started educating myself about the market and eventually got hired on at my current job as a trader at kershner trading in austin. I got hired on dec 03 and started trading march 04 after I got all my series 7, 55 & 63 done. it took me awhile to be consistently profitable but I keep getting better every year. my first year I only made about 4k so I had to work side jobs to cover my expenses while trading. since then I have made about 5x that number every year. you can do the math.
Dont worry once the alt-a loans get downgraded, we will see another round of financial catastrophe. Until this happens, Im just going in when I see SSO at 25.
Actually, no. You're calling it gambling because you don't have a clue how to do it. You don't see me ridiculing you because you don't invest the same way I do. There's nothing wrong with not knowing. Nobody knows everything. The problem is that you just look like an idiot when you call others gamblers because they're making money in a way you don't understand. There are plenty of people who day trade for a living. They're all laughing all the way to the bank while you sit in your ignorance and sneer at their "gambling".
LOL. I'm not sneering, and I'm not ridiculing. But I do have a problem with anyone who acts like they know everything when they clearly don't. If you did, you'd be managing a fund, and BTW you're talking, you'd be the most successful manager in history. I actually learned my strategies FROM one of the most successful fund managers, Peter Lynch, though I'm sure you've never heard of him. Time for you to start sending out resumes. Let me know how your fund is doing in a year.
Slowly veering toward Dallas territory. Somebody let me know when redefined pops back in with an "I'm really rich" post. Overall, very informative thread though.
one of the guys at my office reads these http://www.traderfeed.blogspot.com/ http://abnormalreturns.com/ http://bigpicture.typepad.com/ http://ftalphaville.ft.com/
I love Slope Of Hope -- there is a wealth of insight there, but as far as trading strategies go what that guy does is very short term -- sometimes he changes his position within a couple of hours. Afraid To Trade is a great educational blog on technical analysis, and the Financial Ninja (benbittrolff.blogspot.com) has some really good global macroeconomic analysis. Most of the blogs I've read lately are very bearish blogs...the most notorious of which is the Evil Speculator. Now you have to keep in mind that most of these are trader blogs and really not the best place to derive insight for medium to long term trading strategy. You'll get a good picture of where the market is right now and where it's going, but you won't get ideas for value stocks that are good to invest in for the next few months, if you get my drift. They tend to have a very short term view.
Nobody knows everything, and anybody who claims he/she does is an idiot. For me, pretty much every trading day is a learning experience. I can say I know enough to be successful in the market, but if I knew everything, I probably wouldn't be sitting here posting on the BBS. Technical analysis isn't everything, and one can be equally successful using fundamental analysis to develop investment strategies. I personally prefer the former.
also clutch....realmoney is a great site. it is subscription based but very good commentary from multiple traders/investors. also i think i said before in this thread that barrons is also great to read.
Yeah, I tried to get into an argument, but it never really went there. They kept keeping it rational. What a waste. Oh well, if we beat Kansas, you can bet I'll call in for the UT game. If we lose, not so much.
