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Title: Gatlins Stock tips and money advice
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Published: Feb 5, 2018
Author: Hopefully Gatlin
Post Date: 2018-02-05 18:32:47 by A K A Stone
Keywords: None
Views: 26165
Comments: 167
You wanna get rich? You just might if you follow this advice.
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#20. To: Vicomte13 (#14)
(Edited)
I have nothing against new tech (bitcoin) and I am for anything (well, with certain exceptions....of course) I can make money from. And I can see the day that if bitcoin survives (as I hope that it does) there will be ways to do 2x and 3x buys and the same with short sells. The market always eventually provides those mechanisms. If you have never seen this, here it is ... Hey, these last couple of exchanges have been good ones....thanks for that. Personal note: This is the second day I am not working 20 to 30 trades. The Friday and Monday dips, which I was prepared for with Stop Losses but did not know when to expect, set me at ease for a couple more days now until trends are again established so I can determine which equities are moving up with a three-day upward progression.
Another good bit of advice: BUY LOW, SELL HIGH LOL !
Si vis pacem, para bellum Rebellion to tyrants is obedience to God. Never Pick A Fight With An Old Man He Will Just Shoot You He Can't Afford To Get Hurt "If there are no dogs in Heaven, then when I die I want to go where they went." (Will Rogers)
I could write a multipage essay on the reason why not to....but in the interest of saving time, I will let Stephan Abraham explain here why it is a much better strategy to: “Buy High, Sell Much Higher.” I am a firm believer in this and have successfully been for many years ...
Anyone that takes you for an investment advisor needs a beating. I was quoting somebody without attribution. I'll give the attribution this time: “Never invest in a business you can’t understand.” - Warren Buffett Pretty sure that bit of common sense from Warren Buffett is not wild hubris. Likewise, pretty sure that anybody who read the moderate language and thoughtful suggestions I put into my series of writings here would not call what I provided a "rant".
“Never invest in a business you can’t understand.” - Warren Buffett It looked like it had to be because it was so beautifully effective. My compliments ...
Depends on what your objective is. For 1000 you could get a nice start in keeping these... Albeit, keeping them does require actual work. Just having the tools doesn't guarantee success.
Obviously Gatlin knows quite a bit about trading, technicals and technicalities. If he has steadily profited over many years then he is obviously an expert at what he does, and good for him! That does not mean that a layman who does not have the knowledge he has can simply go out and replicate what he does by buying the same things and selling the same things. Sure, if individual trading were simply an algorithm, whereby what one person (say Gatlin) does with knowledge, savvy, and understanding not only of why he is doing what he is doing, but also why he is choosing THAT particular path instead of the other universe of possibilities, and what he is thinking of doing next, then it would be possible to replicate what he does in real time. But we're not algorithms. When he is making his decisions in real time, he is doing so based on a whole skein of unseen judgments, considerations, weighings of opportunities and risks. He then casts his line at a certain specific moment, and from the sounds of it, catches some good fish. But all we can do without the expertise is ape the move, at a different moment in time, when the sight picture has changed. Perhaps Gatlin would not have made the same investment at that moment. I will stand by what Warren Buffett said and I paraphrased: don't invest in what you don't understand. Gatlin understands more things than other posters here. HE can do it because he understands the risks. Most of us don't. We can't do it. If we're going to dabble in such markets, we should do so with professional advice - and we should take the price we pay for professional advice into the calculation of what our return will be. Gatlin will take home more on the same trades, because he is doing it himself. Those of us with less experience won't take home as much, because a professional has to be paid a fee for us to do it. Of course we can roll the dice, but that's not the sort of advice I would give. I've had too many disasters and sudden changes of fortune roll through my life to be willing to gamble more than my couple of dollars for a single lottery ticket with a big jackpot. Wealth preservation is more important to me than shoot-the-moon growth. I think that if you "wanna get rich", the question has to be asked "at what risk of losing?" and "how much are you willing to lose?" and "over what time frame?" I certainly skew much more conservative than anybody who invests in Bitcoin. That doesn't mean that it's "wrong" to invest in Bitcoin. It means that it's wrong for somebody like ME to invest in Bitcoin. Knowing yourself well, knowing who you are, what you want, what you need, what the price of things is, and knowing your tolerance for risk and desire to sleep at night is important. And that should be taken into account by anybody giving advice on the Internet, even to strangers. AKA Stone asked an interesting question. Different folks have different views. I admire folks who can do what Gatlin represents himself as doing, and I have no reason to disbelieve him. I do know that that way is not for me - I lack the expertise, the knowledge base, or the desire to acquire knowledge of those skills. I also know there is more than one way to skin a cat, and was giving practical advice that I think should apply to everybody. Don't invest in what you don't understand. Who can reasonably argue with that? Gatlin UNDERSTANDS what he's doing, at least to my eyes. Do you? Do any of us? If yes, then perhaps emulating Gatlin is the best way to get rich fast. If not, then I was suggesting other routes, other ways to look at things. To quote Warren Buffett again: “Risk comes from not knowing what you're doing.” And now to quote Clint Eastwood: "A man's got to know his limitations." I do. And if we're talking about money and investment, I would advise everybody else to know his too, and to not invest in what he doesn't understand. (Yes, I'm still annoyed at having been ridiculed here for having repeated that VERY sound advice). For a single $1000, not part of a broader plan, I suspect that a $500 sunlamp used regularly will probably add a couple of years to most Americans' lives, because as a people we are so deficient in Vitamin D, and Vitamin D is crucial to just about every system in the body. People with high levels of Vitamin D are healthier, happier and longer-lived than people without. That's why I suggested the Sperti sunlamp as an INVESTMENT if one has a mere $1000 to invest. Most busy people cannot go outside and strip to their underpants for 20 minutes in the midday sun. Most people who live north of North Carolina wouldn't want to try that in winter. But 3 minutes in front of a Sperti lamp will get that same amount of Vitamin D, and save tens of thousands in medical bills over time, and is do-able. Lateral thinking about money is important. If you're going to sell a house soon, are you better off spending $1000 to buy a few shares of stock, or $1000 to have a gardener come in and put beds of summer flowers in the backyard? $1000 buys a lot of cheap flowers, and makes the property much more inviting and desirable - and easier to sell, at closer to the posted price. Spending $1000 to get $5000 higher on a home sale is a fantastic investment. Think about what you know. There may be places in life where a $1000 capital investment will produce much more in long-term gains, and you get to actually live with and enjoy the benefits of your investment while you're accumulating the longer-term gains. That's all on-topic. If we JUST want to focus on businesses, then investments in small private businesses that due diligence shows are likely to succeed may bring a much more substantial return than any investment in marketable securities. If we only want to limit our discussion to marketable securities, to wit: stocks and bonds, we can do that too. The subject matter proposed is vast, and all of it is worth talking about, respectfully and thoughtfully, for everybody's mutual benefit. Calling me an idiot, an asshole and mocking what I wrote - even where it came straight from Warren Buffett - would make this thread a waste of time. I'm not trying to waste anybody's time here. I believe I am giving good, pragmatic, conservative advice that anybody can use. And I don't think that trying to have a straight and relatively serious conversation on this topic warrants my being bullied or treated like shit. It makes me think that the people who have done that so far are ignorant shitheads to whom nobody should listen for actual money advice. Listen to anything I have said so far, and you will not get rich quick, or at all, on just $1000. But you won't piss your money down the drain either.
My compliments ... It wasn't intentional. I agree a lot with Buffett, and I've internalized some of his thoughts over the years. I am a conservative and cautious person, in part because when I was young, dumb and full of hubris I invested in things I did not understand and I got lucky, and I also got burnt. I never stop learning. My problem here is that you're trying to impart actual advice - and idiots who apparently know nothing come in and ridicule you out of animus. What a waste. I have less sophisticated advice, but solid advice nevertheless, and assclowns who carry their personal animus against me from thread to thread show up to piss all over it. In that particular case, the monkey who flung poop at me was actually calling the Oracle of Omaha a fool regarding investment. So he made a fool of himself, and I was more than happy to point it out. Wouldn't it be swell if we could just discuss investment and philosophy of money on a thread, without disruption by nasty people? I'm determined to do that, because the subject interests me. Seems like you make a good living doing just this. You yourself know that only Hillary Clinton could really get rich on a mere $1000 - that to go huge with THAT little money takes one of two things: (a) a lottery win (hence my $4 a week on a PowerBall and a MegaMillions ticket, the price of a dream), or (b) Clinton-style corruption. To that I might add (c) Time. With enough time, the skillful investment of $1000 with reinvestment of the gains from the investment could indeed build up to a large pile of wealth. And all of that is worthy of a discussion of the philosophy of money. "You're an idiot for thinking like Warren Buffett" is not helpful. "You're a joke for having an interest-bearing mortgage" is similarly useless. It is difficult for me to be insulted and not respond. But I'm really going to try on this thread, because the subject matter here is vital, and some really good advice can be shared here, I think. If it get buried in bullshit that will be unfortunate. Keep posting your expertise. I'll keep posting my own practical advice. I would advise any young person who is really interested in finance to learn ALL of it, the conservative, "wisdom of the ages", don't forget that your own health and your home are ALSO investments, sort of pragmatism that I provide, and also the trading insight you have. A person who really mastered this subject would never have to have a boss.
LOL. It's called a mortgage. Most people have one. Mine has an effective interest rate of 1.392%, so if I can earn a steady fixed rate of after tax return of greater than 1.392%, it does not make sense for me to pay that particular debt off at any greater speed than I do. As inflation kicks in, the cost of paying back the mortgage over time decreases further and further, because when inflation is above 1.392%, the value of the principal invested in the house shrinks with the 2002 dollars that bought the place, but the eventual resale value of the property rises. I operate on logic.
So much for the subject matter of this thread, eh?
I did find two things that held my interest. The first point ... I have never had a desire to get rich. The idea just simply never occurred to me. My foremost thought from the beginning in 1965 has been to preserve my capital. My motivation was to always to minimize loss. I believe that many investors think investing too aggressively is the way to go. I set each goal low so as to make sure it is attainable and not just a pipe dream. Once I attain that goal....I set the next one a little higher.... but again, also low. I am the proverbial “Old Bull” it this tale. The next point ... My dentist for 38 years is a firm believer in the Warren Buffett principal investment strategy and has been for many years. I paid a visit to his office last week where we always find time between his dental tasks to discuss investments and politics. I learned that his investment profits exceeded mine last year. But we both have two different time constraints....I have none and he can only work on his investments at night or weekends. Both of us are pleased doing what we individually chose to do. I enjoy the daily challenges and he is satisfied with slow progressive stability. Reading your mention of Warren Buffet made me recall this and I felt like sharing the moment and in some way acknowledging Warrant Buffet for his great accomplishments.
I operate on logic. Smart move....my son operates with the same logic on his home mortgage. I have paid no interest on anything since I bought a Cadillac Fleetwood Brougham in 1968 and then a mortgage on a home in 1975 which was paid off by 1980. It was a pretty high interest rate as I remember and I wanted to get rid of it just in case my trading headed South and I felt better being totally debt free. My credit cards charge no interest when payed in full each month....as I do with automatic payments. Not bragging....just reinforcing your technique and adding a bit of personal info. Good job posting and you are being most informative....keep it up and let folks take what they will from them.
I have paid no interest on anything since I bought a Cadillac Fleetwood Brougham in 1968 and then a mortgage on a home in 1975 which was paid off by 1980. It was a pretty high interest rate as I remember and I wanted to get rid of it just in case my trading headed South and I felt better being totally debt free. My credit cards charge no interest when payed in full each month....as I do with automatic payments. Not bragging....just reinforcing your technique and adding a bit of personal info. Good job posting and you are being most informative....keep it up and let folks take what they will from them. I figure that a house, in particular, and apart from all other consumer goods, has considerable economic advantages to it. For starters, we have to live SOMEWHERE, and after taxes, lodging is the second greatest expense, so I may as well buy an appreciating asset to live in. The Trump tax reform diminishes somewhat the tax advantages of owning a home you live in, but it's still a better deal than renting. By refinancing and negotiating (bitterly) at the depths of the housing crisis, I refinanced the house at an astonishingly low interest rate. So, the house appreciates, the value of the principal borrowed shrinks with inflation, and it is significantly more advantageous to me both because of an interest rate below the inflation rate, and a growth in value of the property above the inflation rate, to string out the repayment as long as possible, the full length of the mortgage. School and fencing travel and training, and soon enough, college, devour the bulk of disposable income right now. Obvious things such as having an airline mileage card, running everything through the card and paying off the balance before interest is assessed help. If I do have to pay interest on a credit card because of those training and travel expenses, then so be it - time runs on, and some things are on a fixed schedule that has to be met, and that is more important than not paying a month or two of interest. But all in all I run a zero balance. If I have to stretch something, it will usually be medical bills, as they don't charge interest. Everything gets paid in the end. I don't have much excess income after school, fencing and travel are taken into account. And such as I have needs to be liquid, because success in the sport means MORE travel. That's not a forever thing - it will pay for college, at least partly, or at least greatly ease entry into a top college. I am grateful to have the job I have, which pays enough for us to keep it all going. Other countries subsidize their young athletes. Ours does not until the collegiate level. When the excess starts to really flow in in a couple of years, I'll update (but not tear down and rebuild or expand) the house, update the mechanicals, and make the garden really nice. That may be a French thing, but I look out on that green and somewhat mossy half-acre back yard, and I can see it filled with flowers, and how much more beautiful that would be - which means that we'd use it more and have people over more often to enjoy it. Then it will be time to invest in securities to provide an extra margin in retirement. Having suffered really terrible loss in the past (due to theft, not bad investment), I have to invest cautiously and conservatively if I want to be able to retire. Can't afford to gamble much with this opportunity. But because shit happens, I have to plan life as though it were just going to be lived on Social Security, then everything in excess will be a blessing.
Yes, Team USA subsidizes Junior and Cadet athletes slightly - about $500 for foreign travel if there is a team event. That doesn't pay for the plane ticket, let alone the lodging, or all of the training and equipment. Senior team athletes get more, and at the collegiate level the colleges themselves pay the travel and gear, at least for their top athletes. But of course you speak as though you know it all because you pulled a line or two from something you found online. And I'm still talking to you.
It is my first preference to get along with everyone, even with people I disagree with politically. In my book politics is not the most important thing in life. Striving to be virtuous is. Thank you for your well wishes trading wise. I do have some crypto trades running, and while they are, percent wise, very negative at the moment, yes at times more than 50%, I'm not "all in" and even if they went to zero, it would hurt but wouldn't kill me, and that's ignoring the fact that I've already locked in good money on cryptos, I don't use stops with cyptos, as my view of them is long term, and position size reflects that. When Bitcoin flew up to 20K, that exceeded my expectations by far, even though I was and remain optimistic on the long term prospect for cryptos, whether or no bicoin ends up as the master crypto. In hindsight, I can see that was probably unhealthy for it, now that I've heard about many uninformed people overinvesting in a craze fashion. I still expect it to go higher, breaching 20k again and proceeding beyond, but crypto tech is still not mature enough for widespread use. It needs to reach the point where average people and storefronts can easily transact with it in a retail setting, and it's just not there yet. For that reason, the velocity of bitcoin is almost non-existent. And then we'll have the good money/bad money situation. What I predict is that after that level of tech is obtained, bitcoin will see another significant pullback much as we've seen since Christmas, and amidst fears it will crash, people will then start to spend it before it does, and that will be the catalyst for bitcoin or whatever is king crypto at that point to take hold in retail markets. Naturally both buyers and sellers will need to be willing to transact in bitcoin. Yes gov regulations and possible banning will be an obstacle. We'll see how it pans out. It does appear though, from my admitted bias news source, that today's senate hearing went favorably for crytos, with both regulators and senators seeming to agree that cryptos are "here to stay". I'm sure I saw the Billy Mitchell movie as a kid. Maybe I'll watch it again sometime. The version you posted is crappy though.... it only catches about 1/3rd or 1/2 of the screen, being zoomed in. Aviation has always been a strong interest of mine. I am a licensed private pilot. Perhaps you are too. When I grow up, I want to buy a plane. A kit plane actually. I like this one, a Zodiac CH-650.
Interestingly, I came to the exact same conclusion myself. But there are exceptions, as markets can become overbought or oversold. The difficulty in trading trends is by the time a trend is identified, momentum is exhausted.
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#21. To: buckeroo (#19)
#22. To: Pinguinite (#10)
Returning to finish my response to your post... So I say you cannot be locked into old tech, refusing to acknowledge the new, which is what you are doing. If you have an actual argument against cryptos, then by all means make it. But it seems you've hardly even tried to even field one. It seems instead your opposition to cryptos is emotionally based and you simply get on the same anti-crypto emotion train as all other naysayers, even though you already know emotions are the bane of any trader. So yes, I proceeded to make my observation about how I thought I knew more about trading than you.
Wow. You and I do have a failure to communicate. I will accept the fault blame for that and try harder to be more detailed in my statements. It's not unlike how pre-WWII, the navy brass refused to believe the battleship could be surpassed in naval supremecy on the high seas, ignoring General Billy Mitchell's warnings about how the airplane was now the superior weapon. He was courtmartialed and forced out of the military but after Pearl Harbor, ended up having an WWII aircraft named after him (and his rank restored).
I find this to be cute, and I am not being sarcastic....you using Billy Mitchell as an analogy to me, a retired U.S. Air Force officer.
#23. To: Gatlin (#22)
#24. To: Vicomte13 (#12)
(Edited)
#25. To: Stoner (#23)
(Edited)
#26. To: Stoner (#23)
Another good bit of advice: BUY LOW, SELL HIGH LOL !
Absolutely NOT.
#27. To: buckeroo (#19)
After reading this one sentence of your entire rant, I decided to comment as you are making HUGE assumptions while simultaneously making reality out of wild hubris.
#28. To: Vicomte13 (#27)
I was quoting somebody without attribution. I'll give the attribution this time:
Tell me, please....was that an intentional setup.
#29. To: Vicomte13 (#27)
#30. To: A K A Stone (#6)
what would you buy?
#31. To: A K A Stone (#0)
#32. To: VxH (#29)
#33. To: Vicomte13 (#32)
#34. To: Vicomte13 (#32)
(Edited)
#35. To: Gatlin (#28)
Tell me, please....was that an intentional setup. It looked like it had to be because it was so beautifully effective.
#36. To: VxH (#33)
(Edited)
I get that you have debt you haven't paid off.
#37. To: VxH (#34)
#38. To: Vicomte13 (#35)
(Edited)
#39. To: Vicomte13 (#37)
(Edited)
#40. To: Vicomte13 (#36)
#41. To: VxH (#38)
(Edited)
#42. To: Vicomte13 (#41)
#43. To: Vicomte13 (#41)
(Edited)
#44. To: Vicomte13 (#35)
#45. To: All (#41)
#46. To: Vicomte13 (#45)
#47. To: A K A Stone (#0)
(Edited)
#48. To: Vicomte13 (#31)
You have made a number of excellent points that should be given due consideration. I find nothing to disagree with in our post. Mainly, I suppose. because I wasn’t looking specifically to find something to disagree with. Which appears to be the main intent and sole reason for the presence by some posters on LF....argumentative disruptions. I think that if you "wanna get rich", the question has to be asked "at what risk of losing?" and "how much are you willing to lose?" and "over what time frame?"
#49. To: Gatlin, Vicomte13 (#48)
(Edited)
#50. To: Vicomte13 (#36)
Mine has an effective interest rate of 1.392%, so if I can earn a steady fixed rate of after tax return of greater than 1.392%, it does not make sense for me to pay that particular debt off at any greater speed than I do.
#51. To: VxH (#49)
#52. To: Gatlin (#50)
Smart move....my son operates with the same logic on his home mortgage.
#53. To: Vicomte13 (#51)
#54. To: Vicomte13 (#52)
#55. To: Vicomte13 (#52)
(Edited)
#56. To: VxH (#53)
#57. To: VxH (#54)
#58. To: VxH (#55)
#59. To: Gatlin (#22)
Hey, these last couple of exchanges have been good ones....thanks for that.
#60. To: Gatlin (#26)
I could write a multipage essay on the reason why not to....but in the interest of saving time, I will let Stephan Abraham explain here why it is a much better strategy to: “Buy High, Sell Much Higher.”
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