Stocks Scam "ask me how!"

didn't lose everything yet haha. i guess it was silly to think it would make sense to anyone but myself. yup investing ala cost averaging is great and safe but no guarantees still. robert kiyosaki even declared bankruptcy recently lols

cliffs: whamm! needs a new avatar icon

On October 07 2015 22:30 Bigbobm wrote: Being totally honest, I can't figure out wtf is going on in here. I spend a good deal of time with investments, and have a decent amount of cash invested. So I'm super interested in this thread, but super confused with all the ludicrous analogies. Reread this thread 2 more times and still no idea what the purpose of this thread really is. Agree with PoorUser that your ramblings are neilly like. No idea where most of this is going. But I do think LP should have some investing type thread. I'd be curious to hear how a lot of LPers have largely transitioned out of poker (or haven't but still invest), and different thoughts or approaches to investing.

+1. I spend more time investing than I do playing poker. I also have no idea what the purpose of this thread is despite having read it multiple times.

On September 25 2015 03:24 whamm! wrote: Show nested quote + On September 25 2015 03:13 Balzamon wrote: I may write a longer response at another time, but I will start asking what is it that you advocate here really? Is it daytrading or rather making good investments for the longterm at right moments? They are very different. I'm sceptical to believing daytrading would be easy money in any way. Smart investing on the other hand, sure! What returns are you trying to achieve? I think its very easy to be dillusional about your returns before experienced your first market crash. You seem to have gotten involved with this fairly recent, thus you have only experienced an golden era were you make money whatever stock you happen to pick. There will come periods that stretches up to 2-3 years thats goes the other way.. I am aware that can happen, but I can't think like that and trade efficiently. Of course bad things happen everyday. I am trying to advocate that people dont dismiss trading stocks as an old dated livelihood where everyones solid. I will not limit myself to buy/hold, daytrading or position trading. Obviously when markets crash mostly you will watch it closely and stay out of it completely, look for signs of bottoms and making small buys until an reversal occurs since there will be so many attempts at it. People want to be one dimensional and limit themselves to one style which is really the reason to grow tired of it. Being clever is more important than being a genius here. BTW I appreciate that you bothered asking questions since I know I look insane posting thoughts by myself haha

Ok I dont know why I do it because as the other write, you do sound borderline insane in this thread with A TON of loose ends with no real points. But I will ask a couple of questions again. Ok so you are trading in many different ways, but again I think it is a fundamental difference between investing capital in an effiecent and educated way to try to get a good yearly return and actually trading daily to try and make something of a montly salary that you live off. What exactly is it that you are trying to do? What return on your capital do you hope for? I assume you think you can beat index by a ton?

In some recent post you write, "dont stock pick", how can you suddenly in all of this write such a thing? If you dont stock pick then how are you supposed to beat an index? Isnt pretty much everything else you write about finding the right stocks so your returns are greater than lets say S&P500 ?

For the sake of clarity, why dont you give us some clear cut examples of your own trades (would kind of be equivalent of a hand history in poker, learning by watching anothers exact action). Give us an example of a trade that you have made / one that you will hope to make soon. How was your decision making leading up to it, what fundamentals do you base it on and so on. What do you think of the market right now, and what instrument do you use, just stocks or also options for shorting and so on?

I really hope I could explain my thoughts better I apologize guys. I really want to help that's why I want you guys to read about stock investing/trading. I trade a less sophisticated market e.g. PSE, it's quite small with no short selling or derivatives. The DOW NASDAQ is really so much more complex I'd imagine. Don't worry guys, I'm back to planet earth now lol. The euphoria has died down already. But seriously, read about it first, then ask me specific questions after. My next focus would be learning how to chart better, then brush up on the fundamental side again. It's a process but people here would probably learn in a year tops, I did it so how much more the guys here beating 200nl? Good luck. Read if you're interested. Ask me a specific question after because I will be very honest and basing it on experience.

whamm! technical analysis doesn't work. don't waste your time

^ Yes. What he said.

On September 25 2015 16:49 whamm! wrote: I do have smallish capital, and the smaller it is, the easier to grow, albeit risk is also there. Portfolios are fine but if you only got 10k usd to play with it's retarded to have a "balanced" portfolio lol. These things taught in finance school are based on the premise that you will be working for a hedge fund or broker with a ton of funds. Having 10million dollars and growing it 10% in a year is fantastic in itself. Handling a billion dollars and making 3% is probably a nightmare if you are into investing and compounding then cost averaging is the safest bet. its also great if you just want to grow your money by yourself each month without paying someone to do it. when markets turn to shit, no instrument is ever safe anyway

wat.

hmm.. not expecting any good outcomes for op from this. don't gamble more than you can afford to lose

^ Don't worry about OP. He's a son of a wealthy land owner and farmer if you should know. He trades stocks for fun and trolls these boards every now and then for the lulz.

On October 11 2015 16:30 cariadon wrote: whamm! technical analysis doesn't work. don't waste your time

elliot waves parabolic SAR ichimoku cloud charts harmonic trading they're all bullshit, but they will help you a bit, dont get married to those though
simple TA will do the job, it's really just a lagging indicator to tell you if you bought here and sold here etc

Basic SAR (support resistance)
Fibonacci retracement levels

These are very good to identify entry/exit ranges, but that's it.
I don't use Charts or Indicators at all. Only the tape, real time price action or direct access level 2 market depth action as it happens.
I have one student now, done all the books and shit, so far we've lost a bit of money lols, but he's having fun and learning at the same time. Isn't that great?!? haha

Like I said read the books I recommended. When you're ready to trade just try it out with an amount you can afford to lose. You will have a lot of questions. Pm me and I will help the best I can. Learn technicals and basic fundamentals like P/E, you will need those but you don't have to memorize every candlestick, indicator or chart pattern - only the basic ones will do. You will learn the complex stuff on your own as you go along.

What happened with the crab framing whamm? I want to farm some salmon cause they are delicious

On October 15 2015 06:23 Silver_nz wrote: What happened with the crab framing whamm? I want to farm some salmon cause they are delicious

almost done with the import license actually. took awhile though, switching to a jade perch hatchery soon and we're importing fingerlings from Malaysia to start once we get the import clearance. I actually can do soft shell crab operation easily but having a hard time with the juveniles so put it in the backburner for now and swtiched to freshwater fish, location for clean saltwater was also a huge concern and did try to import artificial reef salts from china thats why i tried getting an import license to begin with. It's all a blessing in disguise because I got so bored waiting for the permits to clear for close to a year and a half I finally thought I needed something to do and took trading a bit more seriously. The Jade perch hatchery thing will start most likely in 2016 but I got myself a partner with a suitable location, can't do everything alone.

On October 13 2015 09:09 lucky331 wrote: ^ Don't worry about OP. He's a son of a wealthy land owner and farmer if you should know. He trades stocks for fun and trolls these boards every now and then for the lulz.

How I wish that were the case lol

I've realized it's pointless to do this without sounding insane or douchey. It's ok and I understand where all of you are coming from. I'd like to make a request from mods to delete this thread or just move it into my blog I really don't care. I'll still be checking LP most days, so if anyone did try to actually read and tried trading for real I feel you would understand what I'm trying to say here. Good luck and PM me with actual questions you have while actually trading, not much with margin trades and short selling though, Im not very familiar with those yet in practice.

You don't sound douchey at all man.

You do sound insane though.

I just deleted a couple paragraphs twice. I'm positive you mean the best, but I think you're just creating a lot of lost money in this community.

Investing is NOT as you describe. I'm not even a rookie, and I know this.

I don't support your adventure. I liked your things in the past, but a lot of this thread is rotten imo.

Whamm! can you trade without your charts? What platform do you use that provides level 2 market depth? How many trades (executions) have you done most in a day ?