Down goes the Dow

I have already told you what happened on that trade. The amount I will "walk away with" is quite low, but that is as was projected. This was more about me becoming comfortable with the process of using my broker, than about making a big gain. In point of fact, my broker was hesitant to do the trade, because due to the fee structure, he also made very little. He is right, to make more this way than by just doing buy-and-hold, one has to take more risk than I have taken; not put up more money, but choose less conservative positions instead.

" to make more this way than by just doing buy-and-hold, one has to take more risk"

Amen to that. I had a similar "trading" experience 10 years ago, but I used savings to initially populate my brokerage account. Felt the same way you did, ended up using the money to max out Roth IRA contributions instead.

I'd like to add my voice to the chorus of 1 asking the poster randomcanuck how the system he described is working for him at this point.

Of course, taking on more risk is a good way to lose more, too.

Here's what should be an interesting read for you noobs:

http://images.businessweek.com/bloomberg/pdfs/BN_0850499D_041015_19334.pdf

For here goes..., grow a pair. The amount of reward you might gain is proportional to the amount of risk that you take. If you don't otherwise need the money, what is your problem? Dude, you of all people should read that link above. Not only should you be putting 100% of it at risk, youshould be leveraging it in this historic interest rate environment. Rarely have I ever heard a bigger pussie post.

Van Guard wrote:

Here's what should be an interesting read for you noobs:

http://images.businessweek.com/bloomberg/pdfs/BN_0850499D_041015_19334.pdf

The amount of reward you might gain is proportional to the amount of risk that you take. t.

Not necessarily.

For example:

Let's say it's January 2000. You know tech stocks are the riskiest investment out there. So you load up on them, thinking 'The amount of reward I might gain is proportional to the amount of risk that I take!" I got this!

Then whammy. You lose 80% of your money in 2 years. What happened? You took risk! Why did you lose so much?

Then it is 2014, fifteen years later and you are STILL down. Merde!

The answer is that there are different kinds of risk and different time frames. And every market is different. So your blanket statement is foolish, non?

Van Guard wrote:

Here's what should be an interesting read for you noobs:

http://images.businessweek.com/bloomberg/pdfs/BN_0850499D_041015_19334.pdf

For here goes..., grow a pair. The amount of reward you might gain is proportional to the amount of risk that you take. If you don't otherwise need the money, what is your problem? Dude, you of all people should read that link above. Not only should you be putting 100% of it at risk, youshould be leveraging it in this historic interest rate environment. Rarely have I ever heard a bigger pussie post.

Thanks, I guess, but there's nothing new there.

Agip, what is it that you don't understand about the word MIGHT?

The point is that you will never, ever make a large gain WITHOUT taking on a lot of risk.

Reading comprehension, my friend, combined with background knowledge. Welcome to the convo.

agip wrote:

Van Guard wrote:

Here's what should be an interesting read for you noobs:

http://images.businessweek.com/bloomberg/pdfs/BN_0850499D_041015_19334.pdf

The amount of reward you might gain is proportional to the amount of risk that you take. t.

Not necessarily.

For example:

Let's say it's January 2000. You know tech stocks are the riskiest investment out there. So you load up on them, thinking 'The amount of reward I might gain is proportional to the amount of risk that I take!" I got this!

Then whammy. You lose 80% of your money in 2 years. What happened? You took risk! Why did you lose so much?

Then it is 2014, fifteen years later and you are STILL down. Merde!

The answer is that there are different kinds of risk and different time frames. And every market is different. So your blanket statement is foolish, non?

You just defined risk.

Van Guard wrote:

Agip, what is it that you don't understand about the word MIGHT?

The point is that you will never, ever make a large gain WITHOUT taking on a lot of risk.

Reading comprehension, my friend, combined with background knowledge. Welcome to the convo.

fair

Van Guard, well, yes, but the point is that I already have the money, and isn't that the entire purpose of investing or trading? Don't want to sound high on myself, but in a sense, I can afford to be a "pussie". I read that linked article, and the guy making those big bets seemed to be betting with other people's money. I will own it, trading with my money isn't really for me

52 week high today for world stocks - measured by VT anyway.

maybe all time high, I dunno.

although with currencies diving and soaring it's been very complicated sorting non USD returns.

It's now half an hour to close on Thursday.

Watch this, the DJIA will tank in the next half hour.

Nice call, fool. I hope you lost some money on that. Anytime someone doesn't give reasons, I know they're full of bs

Thebes wrote:

Nice call, fool. I hope you lost some money on that. Anytime someone doesn't give reasons, I know they're full of bs

Also, anytime someone does give reasons - pure BS. The entire brokerage/trader/financial advisor industry is based on telling stories.

OK so I was off by a tiny bit, which to me is irrelevant as down at close or at the open is the same for me.

Down 266 now, and I've already closed out the positions I took yesterday when I called the fall.

Hopefully now you fools will BEGIN to understand. Not everyone is as stupid or ignorant or careless as most of you on this board. You didn't believe me on my longer time frames, so now I have gone to shorter, predicting in advance.

A big F U to many of you. Honestly, I don't even know why I care, but for some reason, I do. Validation from a bunch of idiots is not something I need. Maybe it has something to do with a mission.

Don't be idiots. Don't believe everything you are told. Don't be suckers don't be chumps. It's hard to keep your wits about you at all times, and knowing stuff takes a lot of work, but it IS possible.

And finally, YES, I will be golfing come noon.

yup, 1 for 1. Batting 1,000. Outstanding!

And do tell me what I can now BEGIN to understand. I can be a little slow.

You are the one brighter spot in this thread, I wasn't referring to you specifically--however, if you also believe that it is "impossible to time the market", you are also an idiot. Anyone who buys and holds, or anyone who rebalances, or anyone in the market at all who does anything other than buy and hold forever for the dividends, times the market. Timing on shorter time scales is also possible, if you pick your spots wisely, and infrequently. Timing on longer time scales is easier, but less immediately gratifying, and is not necessarily favorable for smooth cash flow.

Chemical Reagent wrote:

You are the one brighter spot in this thread, I wasn't referring to you specifically--however, if you also believe that it is "impossible to time the market", you are also an idiot. Anyone who buys and holds, or anyone who rebalances, or anyone in the market at all who does anything other than buy and hold forever for the dividends, times the market. Timing on shorter time scales is also possible, if you pick your spots wisely, and infrequently. Timing on longer time scales is easier, but less immediately gratifying, and is not necessarily favorable for smooth cash flow.

'brighter' is one of the nicer things people have said about me - grazie.

I'm ambivalent on market timing - probably because I am terrible at it and most people can't do it well. I've tried to systematize it with a 200 day moving average rule, but that has cost me over the last 4 years.

I won't argue with what you wrote above.

Look at this thread under ultraviolet light, and you will see that it is more than that, just for 2015 alone.

On the year, after only Q1, I have made enough for myself for the entire year, AFTER TAX. I could stop now, and I might, unless some other slam dunks line up.

Here's another feeling, but not a specific prediction, yet: there will soon be a good short-term FOREX play, probably involving EUR. Don't know yet if USD or CHF will be better, but it will happen--I just don't know if it will be good enough to get into. Yet.