Originally Posted by petegz28:
How come half of you aren't super billionaire's yet? I see all these 100% gains and 50%gains and all this....mother fuckers should be rolling
It takes a while to build up that much and it doesn't happen overnight.
I've done great with AAL stock. I bought $1000 at $9.70 a few weeks ago. It has done awesome and it's at $18.44 right now. But guess what? I still only made $900 on a $1000 investment, and that one was very lucky.
You have to invest big money to make big money, and most of us aren't in a position to throw down hundreds of thousands of dollars that we could potentially lose. We have moderate monies that we generally stay safe with (401k investments with diversity) and an even smaller amount that we use to play with day trading. [Reply]
Originally Posted by petegz28:
The best thing that can happen the first time you trade is that you lose $. Sorta puts the reality into it.
Probably better is margin calls. Be on margin once and shit gets real. Shit gets real real fast.
Hilariously I went to this conference KSU put on. Their Econ department had put together this hedging program where you sell puts against your MPCI guarantee I think. I wasn’t to interested in it. But I laughed when the first screen after the title screen said in giant red letters
Do not do this if you haven’t LOST MONEY trading options.
Then he talked for like 3 minutes about trading options wasn’t enough. You had to lose money doing it. [Reply]
Originally Posted by Iowanian:
I was wondering if some of the gurus would share advice on the different selling options.
Example, a stop limit vs a trailing stop.
Example, I have abc stock that has gone up from $5 to $17. I want to lock in a profit at $15. Am I correct that the trailing stop $ would be to "sell, $2 trailing stop"? Then if it drops to $15, the trade happens.?. The trailing percentage is the same except I would do the sell 10% trailing stop and it would sell if there were ever a 10% drop, but that adjusts as long as the price continues to rise?
I'm trying to learn some of this on the fly and I've read about it but want to make sure I'm making the trades I want to make.
You're probably already aware of this site but if not ,you can punch in any term or question in the search bar and learn stuff in all aspects of stock investing.
Originally Posted by RustShack:
I mean I didn’t “lose”, I didn’t sell anything and I know it was a bit of a down day some I’m not too worried yet.
Watching your investments can be very emotional,just FYI. You'll watch them do really good and feel like you're king of the stock market and then you'll watch them crash and you'll feel like you're the dumbest bastard alive. It's like being a member of CP. You'll need skin a foot thick. And patience. [Reply]
I visited with my Edward Jones advisor yesterday and am now totally convinced they /he , are fucking dumbasses. I had a suspicion already but now I'm convinced. [Reply]
Originally Posted by Hog's Gone Fishin:
I visited with my Edward Jones advisor yesterday and am now totally convinced they /he , are fucking dumbasses. I had a suspicion already but now I'm convinced.
He probably is. Those “advisors” typically don’t know shit. They get guidance from the mothership that’s the extent of what most guys know. Exceptions of course exist. I’m sure there are a lot of good ones out there. But you can be a real dumbass and get a job because you’re a good salesman, pass the series 6 and be a company man.
On top of that Ed Jones fees are expensive. [Reply]
Originally Posted by Hog's Gone Fishin:
I visited with my Edward Jones advisor yesterday and am now totally convinced they /he , are fucking dumbasses. I had a suspicion already but now I'm convinced.
I have an Edward Jones account that's all you need to know [Reply]
Originally Posted by Buehler445:
He probably is. Those “advisors” typically don’t know shit. They get guidance from the mothership that’s the extent of what most guys know. Exceptions of course exist. I’m sure there are a lot of good ones out there. But you can be a real dumbass and get a job because you’re a good salesman, pass the series 6 and be a company man.
On top of that Ed Jones fees are expensive.
supposedly mine has been 42 so far this year and I am still up even after the crash ymmv [Reply]