Stock Market Investing - Page 3

Originally Posted by alloy2

Don't blame reddit. If you do some research it was actually the fault of hedge funds who over-shorted the stock. The hedge funds shorted more shares than are in existence for gamestop, assuming that if they drive the price down low enough and force gamestop out of existence they'll never need to cover their position and will just reap the rewards of naked shorting the stock, while blowing the company up and 50,000 jobs, at the same time..... Now that the hedge funds are forced to buy shares to cover their shorts, they literally cant get their hands on enough shares because they shorted more than there is supply for. So huge demand + low supply = price skyrocketing. Redditors just saw that they were doing this out in the open and anticipated the short-squeeze. The hedge funds have been bleeding the market and normal investors for years with their market manipulation. Their own greed is going to cause them to lose money and they deserve it. Everyday people and normal investors may finally win one over on ol wall street.... doubt it though, they'll still find some way to weasel out of it like always

Trading with a chart = Painting your windshield black and looking at your rearview mirror to determine when / which direction / how much ... to turn

Originally Posted by t00nces2

Okay. I know what you are saying, but the charting gives a probability of direction. It gives a framework to maximize the probability of gain and reduce the risk of loss.

The way I looked at it was this, I was spending hours playing a stupid multi player game and doing pretty well. Top 100 player.... For what? Nothing. I decided to put my multi player gaming to work for a purpose that would help me in the future and decided to put the same effort into winning at the stock market I had been putting into the computer game. It is very easy to say, "I don't believe it will work", it is much more difficult to say, "I am going to learn this schitt and I am going to win at this game." All I am doing is letting people I have been acquainted with know that if you put the effort you put into scrapping into learning charting, you can make as much if not more money. If you want to talk more about it one on one, send a PM. I am not selling anything and I really don't care if you decide to try or not. I am just letting people here know I had the same reservations and decided to put my mind to it and do it.... and it has been working for me. The portfolio I had is up 14% in 8 months (probably more as I took the money from the stock account to buy the mobile home)... Way better than the .3% savings accounts offer, and that was my goal, to beat the savings account rate.

just FYI if you would have just plopped all your money into VTI or VTSAX (total market etf/fund) your return over the last 8 months would have been much higher than 14%, with literally zero work. Just buy and hold. It is rare to be able to beat the market as a whole. If you can and have a track record of doing so there are some brokers/fund managers that would pay you millions for your methodology.

VTI/VTSAX 1-year return is around 20%.... and 8 month return (with 8 months ago being in may when it was recoving from corona crash) it would be around 32%

Originally Posted by t00nces2

If you want to talk more about it one on one, send a PM. .

Awesome. But I should tell you that I've had articles in Forbes, Barrons, etc.

Barrons, 2JUN2008 was one I have here in my office. I was talking about Freeport McMaran (FCX) which drastically underperformed the market over the next year or so. Thankfully, the font page had BUY GM in huge font, so I didn't have the worst advice in the paper that day. (GM filed for bankruptcy about a year later)

UK, USA and Canada

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Originally Posted by alloy2

All in.

I'm not trying to be asinine when I say that a casino would be a better place to take that sum. The rules are much more clear cut, and the possibility of quickly turning a small sum such as that into more than you could earn with an honest day's work is actually better.

Anything you might drop $500 on in the stock market, and quickly change its value more than 20% is about the same odds as you'd get at a roulette wheel.... and casinos at least serve you liquor while they rob you.

Originally Posted by auminer

I'm not trying to be asinine when I say that a casino would be a better place to take that sum. The rules are much more clear cut, and the possibility of quickly turning a small sum such as that into more than you could earn with an honest day's work is actually better.

Anything you might drop $500 on in the stock market, and quickly change its value more than 20% is about the same odds as you'd get at a roulette wheel.... and casinos at least serve you liquor while they rob you.

My $500.00 deposit isn't gong to change my life one way or another, I'm willing to lay odds that I'll double that in four short months.

Originally Posted by auminer

Awesome. But I should tell you that I've had articles in Forbes, Barrons, etc.

Barrons, 2JUN2008 was one I have here in my office.

Are you a license financial advisor, if not keep your nose out of my business.

Originally Posted by alloy2

Are you a license financial advisor, if not keep your nose out of my business.

THe proper term is "Certified Financial Advisor"... I most certainly am, thank you... and you PM'ed me.

So I mean this in the nicest way possible when I tell you to ffo kcuf backwards.




And good luck doubling that sum in ANY timeframe...

Originally Posted by auminer

THe proper term is "Certified Financial Advisor"... I most certainly am, thank you.

With those qualifications the question is why are you slumming in a scrap metal forum that basically caters to curb shoppers. Are you here to ferret out tax cheats.

Nowhere to Hide: IRS to Hire Bounty Hunters

It is not known whether the fees paid to tax-collecting bounty hunters will meet or exceed the amounts owed to the government by the hapless tax-scofflaws.