Originally posted by revo
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Official Stock Market Investing Thread
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Originally posted by Gregg View PostJust trying to understand, no offense meant:
Why wouldn't everybody be doing this?
What type of investment would I need to try this out? Can a real noob understand the book enough to make some profit?
If I were a noob, I would think this book could be more dangerous than helpful.
And yeah, if you have been reading articles, lots of Robin Hooders have been doing this successfully, but there have also been many horror stories.
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Originally posted by Gregg View PostWhy wouldn't everybody be doing this?
I'll add another, using one of revo's comments as a reference:
But if you have a gameplan, like I do, where you know when to buy, you can make a fortune.
I was with a group of twelve people that did an investment club back in the mid-80s. We did options and stock trading - options contracts back then we bought were in the $500 - 1000 range. We didn't generate anywhere near the great results revo did, but we did come out ahead and at a superior ROR to our stock trades. That said, all of our calculations indicated we should go bullish on technology stocks circa late September, 1987. We just didn't have the guts to do it. Had we done so, it's possible I'd already be retired.I'm just here for the baseball.
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Thanks Chance, but you give me too much credit, lol. Yes, I do have almost 30 years (gulp) of Wall Street experience, but it's not like I'm a deep insider. I do all my own homework. That said, my clients are happy.
Here's two I love that report this week and already own the calls: Rocket Mortgage (RKT) and Docusign (DOCU). RKT should have been a prime recipient of a stellar refi market in Q2, and DOCU should have a primo Q2 due to the work from home bonanza.
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Originally posted by revo View PostThanks Chance, but you give me too much credit, lol. Yes, I do have almost 30 years (gulp) of Wall Street experience, but it's not like I'm a deep insider. I do all my own homework. That said, my clients are happy.I'm just here for the baseball.
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I've dropped down to about 50 percent of my money in the stock market, so I found myself being content with both the boom and bust of the past week.
finished 10th in this 37th yr in 11-team-only NL 5x5
own picks 1, 2, 5, 6, 9 in April 2022 1st-rd farmhand draft
won in 2017 15 07 05 04 02 93 90 84
SP SGray 16, TWalker 10, AWood 10, Price 3, KH Kim 2, Corbin 10
RP Bednar 10, Bender 10, Graterol 2
C Stallings 2, Casali 1
1B Votto 10, 3B ERios 2, 1B Zimmerman 2, 2S Chisholm 5, 2B Hoerner 5, 2B Solano 2, 2B LGarcia 10, SS Gregorius 17
OF Cain 14, Bader 1, Daza 1
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Buy Low, Sell High
Not while you are high...while the stock price is high“There’s no normal life, Wyatt, it’s just life. Get on with it.” – Doc Holliday
"It doesn't matter what you think" - The Rock
"I borked the entry." - Some dude on the Internet
Have I told you about otters being the only marine animal that can lift rocks?
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Originally posted by Gregg View PostDude heh what fun is that?“There’s no normal life, Wyatt, it’s just life. Get on with it.” – Doc Holliday
"It doesn't matter what you think" - The Rock
"I borked the entry." - Some dude on the Internet
Have I told you about otters being the only marine animal that can lift rocks?
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