Opinions/Editorials
See other Opinions/Editorials Articles
Title: Gatlins Stock tips and money advice
Source:
[None]
URL Source: [None]
Published: Feb 5, 2018
Author: Hopefully Gatlin
Post Date: 2018-02-05 18:32:47 by A K A Stone
Keywords: None
Views: 19373
Comments: 167
You wanna get rich? You just might if you follow this advice.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: Gatlin (#0)
Hope you don't mind.
There is no link to any advice that I can find. Check it ...
It is for you to provide the content.
Start by reading here: The Key To Stock Market Success.
Spambot post removed
That is a lot of links. How about some specifics. If I had a thousand bucks and I wanted to invest it for a month, what would you buy?
Good question I'm the infidel... Allah warned you about. كافر المسلح
I will do this exercise for you in steps but it is important that I begin by presenting the definition of Swing Trading: Swing trading attempts to capture gains in a stock (or any financial instrument) within an overnight hold to several weeks. Swing traders use technical analysis to look for stocks with short-term price momentum. These traders may utilize fundamental or intrinsic value of stocks in addition to analyzing the price trends and patterns. The trader must act quickly to find situations in which a stock has the extraordinary potential to move in such a short time frame. Therefore, swing trading is mainly used by at-home and day traders. Large institutions trade in sizes too big to move in and out of stocks quickly. The individual trader is able to exploit such short-term stock movements without having to compete with the major traders. Swing trading involves holding a position either long or short at least overnight and or up to several weeks. The goal is to capture a larger price move than is possible on an intra-day basis. Swing trading assumes a larger price range and price move and therefore requires careful position sizing to minimize downside risk. Swing trading can involve a mix of fundamental and technical analysis. Swing trades usually rely on larger time frame charts including the 15-minute, 60-minute, daily and weekly charts. Swing trades tend to require more holding time to generate the anticipated price move. The distinction between swing trading and day trading is the holding position time. Swing trading involves at least an overnight hold, whereas day trading closes out positions before the market close. Day trading positions are segmented to a single day only. Swing trading involves holding for several days to weeks. By holding overnight, the swing trader incurs the unpredictability of overnight risk resulting in gaps up or down against the position. By undertaking the overnight risk, swing trades are usually done with a smaller position size compared to day trading, which utilizes larger position sizes usually involving leverage through day trading margin. Swing trading can utilize the overnight margin of 50% if the account meets the pattern day trading (PDT) rule of maintaining at least $25,000 in account equity. Swing trading on margin can be extra risky in the event a margin call triggers. A swing trader tends to look for multi-day chart patterns. Some of the more common patterns involve moving average crossovers, cup-and-handle patterns, head and shoulders patterns, flags, and triangles. Key reversal candlesticks, such as hammers for reversal bottoms and shooting stars for reversal price tops, are commonly used in addition to other indicators to devise a solid trading game plan. Stop-losses tend to also be wider when swing trading to match the proportionate profit target. I am out of the market right now. Fortunately for me, all of my stocks sold off automatically on Friday with a stop loss order at one percent. I started to buy back in today but decided not to because the market was so jittery. BTW, no plan will get you rich in the stock market. But doing the right things consistently over the years can be comforting and enjoyable. There is an old addage many of you may have heard. It goes something like this: The way to make get one million dollars out of the stock market is to start with two million dollars.” I will begin the first step walking you through it in my next post. This will be fun ...
Again, I understand what you are asking, Stone....but I have no answer for you. You definitely need to check with Pinguinite who declared in a post to me: That being the case, I will at anytime graciously yield to his deep breadth of knowledge, his profound wisdom and great expertise as a stock trader. Since I know of no quick-pick stock to buy when looking for a profit in 30 days. I will therefore explain my Swing Trading procedures for you....for what it’s worth. When I am starting a new purchase, as I am now, I go to barchart.com and click on ”Stocks” and then on the next page I click on “New Recommendations” to wind up here. I then click on “16 stocks” [or whatever number is currently there] in the “100% Buy Signal” block and arrive here. I work my way down the page to find stocks with %chg” of at least a plus 1 percent. The first stock I find with that is an “old friend” I have lost money on twice before: DECK. But I could care less about before because today is a new ball game going forward. I click on “DECK” and arrive here At the drop-down “GO TO” block near the top, I select “Performance Report” and arrive here. It is not unusual to see a “+” for the “Past 5 Days %Chg.” Which when fitted in with all the previous perimeters would give the utmost perfect buy signal. However, here I see a three consecutive day climbs of “+” which is usually my minimum. BUT, when the graph below those numbers has a good steady climb, with no erratic up and down movements, I can go with as few as 2 positive upward movements. DECK is definitely first on my consider list for tomorrow morning. A cursory glance shows there a a few more stocks I may add, but I will stop here for this exercise. I stay away form the high percentage jumps, like the 12 and 13 percent that caught my eye. With that kind of jump, I am pretty sure to see a drop the next day. So there you have the first step of what I will be doing throughout the rest of this evening and at different times when I wake up during the night. See you tomorrow morning when I will make a $10,000 purchase of DECK and be off and running to keep you posted on the progress over the next few minutes or I hope, the next few days. I mostly buy in with $20,000. But I am somewhat cautious considering the jittery movement of the market. I mentioned that I have purchased DECK before with two losses. I bought back in each time my buy perimeters were met. Here are the results of one of those transactions. You will see the buy date, the number of shares I purchased, the Stop Loss Order price, the actual buy amount price and the actual sell amount price when the Stop Loss Order kicked in. Lastly, the plus and minus readings from right to left show that I bought the stock when it went up two days. Then it dropped down one day but not below 1%....then it went up two days only to drop the next to below my 1% Stop Loss and it automatically sold. DECK - 01/26 Buy Date - 226 Shares – $88.02 Stop Loss – Buy Amount $19,995.33 – Sell Amount $19,791.34 – Daily Movement [read from right to left] -++-++. I have been in and out of DECK at least once before this but I usually only keep the last five action days on record. I just happen to have 01/26 because I hadn’t gotten around to deleting it. Don’t let this all sound too rosy to you. I have had some big gains as well as some huge losses since 1965. I had losses for one period over three straight years. But I had enough reserve capital to continue and enough guts to be persistent. But I do realize that as a trader, but for the grace of God, I could have wound up as big a loser today as I am a winner. This is probably not what you are looking for Stone. In any case, it is all I have to offer. This is what I do throughout the trading day and for periods at night. You have to have a passion and a love for doing it hours at a time. It is not something to undertake part time. In between trades and while waiting for actions....I enjoy posting on LF. Remember that this plan is not engraved in granite. Should I find it not working or needing a change....I will do that on a moment’s notice. I don’t think this is really what you are looking for, Stone. But let me know if you are interested and I will continue with this exercise tomorrow morning. If you are not interested, I will not be offended should you want to save us both time by stopping here.
That being the case, I will at anytime graciously yield to his deep breadth of knowledge, his profound wisdom and great expertise as a stock trader. I don't do stocks. I do forex. I work with the MT4 platform. But reading your post it's obvious you do know about stocks, and in fact more about stocks than me. To go 3 straight years with losses and continue through to success is, while obviously not a streak to strive for, does require a professional mindset to survive. If you've done that, my hat's off to you for persevering. But my comment about knowing more about trading than you do was based on your comparison (if it *was* yours) of bitcoin to the Hunt brother's attempt to corner the market, especially when the mechanism that killed them was a change in the trading rules substantially reducing their leverage which forced them to liquidate their silver positions, when you know, or should have known, that bitcoin obtained it's highs without any leverage being utilized at all, which while not proof bitcoin is quality asset, should nonetheless be respected as a remarkable achievement in the market. That is a very significant difference and seemingly one you missed. And after I point that out you claim the similarity is that both situations ended the party due to interference by authorities. Well, in the case of bitcoin/cryptos, no one government is big enough to do what an exchange did to the Hunt brothers because crytpo trading is decentralized, and that is it's trump card. In my view, your comparison is a poor one and is why it was apparent to me that I knew more about trading than you. But okay, since you are a professional trader, you already have a grasp on the importance of setting aside emotion when making trading decisions. So why is it you can accept 3 years of losses and remain optimistic about stocks, but when cryptos have 6 weeks of losses, you say the party is over for them? I would expect any pro trader to admit he cannot predict the market with more than a modest degree of certainty, but you clearly did. I've offered arguments in favor of cryptos based on the changing and growing technology the world is undergoing on ALL fronts and you ignore those arguments completely, simply quoting lots of old school types who don't see it. Apparently you are like them, old school, so what they say is easy for you to accept as authoritative and knowledgeable on the subject, but you, like them, are not even open to the possibility that maybe cryptos do possess some advantages in the market that conventional systems don't have. 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). 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.
(1) Be favored by God. Concretely, this means being part of the "Lucky Sperm Club", by being born with certain attributes, "making the cuts", in descending order: (a) be part of the 85% of the world that is born without a handicap or a disability. (One might call the 15% who are born with debilitating abnormalities the "Unlucky Sperm Club") (b) be born in the First World (that's 8% of the world's population, so to be born unhandicapped in the First World means that you're already in the top 6.8% of the world in terms of "birth luck". (c) be born white and unhandicapped in the first world ("white" in this case also means being more regular Japanese, Ainu Japanese are a minority that is discriminated against in Japan; the Japanese are not discriminated against in the First World). Being part of the dominant racial/ethnic majority in a First World country carries inherent advantages beyond the mere fact of being born in a wealthy place. Within First World countries there are haves and have-nots, ghettos and well-to-do areas, and throughout the First World, the quality of education and childhood care one receives is closely related to where one grows up, which in turn heavily reflects the racial majority. Racially minoritarian individuals succeed throughout the First World, but the otherwise average or below-average person in terms of native intellect still has a better overall chance of success if born part of the racial majority in a First World Country. Overall, the majority population in the First World represents about 75% of these countries. About 5.1% of people are born an unhandicapped, First World part of the ethnic majority. These people do not have physical or social limitations to operating in the most sophisticated and advanced economies in the world. (d) Finally, to be born to a family that is in the middle of the middle class or better in a first world country is a tremendous starting advantage. The reasons for this are simple. Simply by being born in a first world country means that one is lucky enough to be born into a land where there is internal peace, stability, rule of law, property rights and democracy. Sure, half of the First World countries are formally monarchies (Japan, the UK, Canada, Australia, New Zealand, Holland, Belgium, Denmark, Norway, Sweden, Luxembourg, Monaco, Spain : all monarchies; the US, Germany, France, Switzerland, Austria, Italy - these are the First World pure republicans) - but those monarchies are all constitutional, and power is vested in democratically-elected legislatures in all of those countries both at the national and local level. The great virtue of democracy is that the economic policies are tilted to the advantage of the greatest number of voters, which means that the middle class and up in the whole First World have good education (relative to the world standard of ignorance), health care, police protection, etc., available to them. A person born to the poor even in the First World has a lower chance of ever being rich, because the schools are worse in poor areas, medical care is poorer, access to computers and training is poorer. The playing field is not even very close to level for everybody in the first world, but for the top half it is much more so. So, putting that all together, if you're an unhandicapped white born into a middle class family or better in the First World, you have already had most of the work of getting rich in the world done for you by your father's sperm and mother's egg. God saw to it that you were born into the top 2.55% of the world's people, in terms of wealth. You started out wealthy, in terms of all of the benefits of inherited capital, and you are in a place where you will get an education if you just pay attention in class. To get rich, you need to be able to function in a technical, literate society. That takes education. If you were born unhandicapped, middle class white American, you already got, for free (to you)the tools and the background conditions that make it possible for you to get rich through things that you control: your mind and your hands. If you lack and of those things, then the single greatest indicator of whether you will be able to get rich or not depends almost entirely on who your parents were. If you're born in Detroit, you can work to get richer with completely average talents. If you're born in Dakar, you were born wealthy and will stay that way, or you were born poor and will stay that way. To recap: the first piece of advice if you wanna get rich is to choose the right parents. If you're reading this, that choice was already made for you. You're a white male, somewhere between the working class and the upper class, born and raised in America. You can read and write and compute (you're reading this, after all). School is long past, so you got the education you were going to get. The better one you got, the farther you probably got up to this point. Nobody here on LF, reading this, is going to be redoing high school and going to a better college, getting better grades, etc. That's all water under the dam. The past is in the past. With all of those advantages already cooked, the real question is what can you do to get RICHER, starting where you are now. And the answer to that depends mostly on how much money you already have free and clear. There are really only about three ways to make money: (1) Sell your time (i.e.: work) (2) Make money on money (i.e.: invest) (3) Be favored by God (i.e.: win the lottery). The best way to get rich quick is to win the lottery. So buy a ticket. Not 10 or 20 tickets - that's a way to get poor. One ticket gives you a chance. Two individuals both won over $500 million in lotteries in the past couple of years, on single tickets. Chances are, you'll lose. But God favored you once, in your birth circumstances. He could favor you again. Probably won't, but could. That's the best way to get rich. If you're just working, and you're your age, you're probably not going to get rich. You can secure a comfortable middle class existence for the rest of your life if you're diligent about it. If you already have money and you want to invest, you can get richer if you invest wisely. How to do that is a whole separate topic.
I would pay an interest-bearing debt. You will pay more interest on that $1000 owed than you will gain on your investment of $1000, so use the $1000 to get rid of any interest-bearing debt you may have. Once you have no interest- bearing debt that charges more interest than you would earn on a municipal bond, then you could consider investing in something that might produce a return. But you might be better served investing the $1000 on something that will improve your health. For $500 you could buy a Sperti sunlamp and get 100% of your daily Vitamin D requirement (a thing in which almost all Americans are deficient) for about 3 minutes standing in the light with goggles on. When you have $1000 a month to invest, or ten thousand in a lump sum, THEN could consider investing in equities or debt instruments to earn a money return on your money.
First - don't invest in anything you do not understand. You probably do not really understand Bitcoin. Scarcely anybody does. Don't invest in that sort of thing. Second - remember taxes, and remember that the "net gains" tables that are sometimes provided showing you gains net of taxes hardly ever include state taxes, or city taxes, both of which are over and above the federal taxes. Do the calculation yourself of what $100 gain will leave YOU with, after federal, state and local income taxes OR short term or long term capital gains federal, state and local taxes OR federal, state and local taxes on gains on commodities (25% federal tax on gains in gold held, for example) OR taxes on dividends, OR Taxes on interest. However you're going to make money in the investment, you're going to be taxed. To properly compare one investment to another, the number that really matters is what you have left in your hand after taxes. Third - Remember transaction costs. It costs money to sell a security, and more money to buy another one. Every time you change positions, you pay an exit fee and you pay an entrance fee. Fourth - Remember "loads" on mutual funds, and management fees. Understand how the financial manager will pay himself every month out of your money in any managed product. Fifth - Remember tax-advantage investments like IRAs and 401(k)s, but also remember the disadvantages of such structures: you money is trapped, and your options are limited. Example: You're probably better off buying a 4.4% municipal bond and holding it to maturity than you are buy a 7% corporate bond and holding it to maturity.
To try and answer your question ... I have been following bitcoin for some time now, ever since it started its run up and began hitting my news alerts. I was intrigued by it. Not with the working mechanism, because I never get involved with that since I am only looking for momentum....but the increase in price. I can say without a doubt, had there been a day trading mechanism for bitcoin [and a couple of companies have tried to start ETFs] that I could have used to swing trade...I would have proudly added couple hundred thousand dollars to my last years tax return filing. I say that after doing mental gymnastics of “what if trading” as I followed bitcoin’s climb. But as much as I am an optimist, I am also in some ways a pessimist. I saw that bitcoin was moving too rapidly up for no reason I could find but media hype and no support level. I participated in the silver mining stock run up the last two times and made a bunch of money. I used the Stop Loss and was never married to any silver mining stock or fell in love with any one. How do I tie this to bitcoin? To answer your question on why I am pessimistic on bitcoin, it was something I cannot scientifically put my finger. Maybe it was a premonition [although I don’t believe in such a thing] because I could definitely see a parallel to the “Silver Thursday” fiasco as 5 countries and then India stepped in to start “government controls.” I could foresee governments stepping in at anytime and upsetting the apple cart. And it was today that I learned the U.S. Senate is getting into the picture. I hope this makes sense and in some way answers your qustion.....while I ask you to forgive the errors because I did this with bad eyesight and just hitting keys. I will now return to read the rest of your post.
What a silly comment. 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. Anyone that takes you for an investment advisor needs a beating.
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.
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. I literally did cringe when I read that statement to: ”buy low....sell high.” What was said in your post is all true. There is an easy way to discover trends for someone who has an interest or need. It can be done even before the financial guru commentators make one a point of interest. I oft times use a newly established downward trend to preempt my 1% stop loss and to get out of some equities early. I generally only use trends for downside movement. I will explain the way it is easy for me to almost immediately spot a trend. I recently noticed the start of the run up in bank stocks before the alerts were issued. If you followed my system in a previous post, you can see how I work my way down a list of stock with a 100% buy signal recommendation while I am looking for those with over 1% increases to trigger the start of my selective process. As I have done before, on one particular morning a couple weeks or more ago....I deviated from my buying strategy when I immediately noticed the high number of bank stocks that had their first daily increase of over 1% and 1% is the trigger I always look for. So, BAM....I was buying bank stocks within minutes after the market opened although they did not have the 2 or 3 day up momentum I normally require. There is much more to my buying strategy deviation on this particular point, but of no interest since I only wanted to show the way I can quickly spot a trend. I say all this is passing just to agree with your point that trends are important. While I am thinking about it, I will cover another point on trends relative for me. I don’t do much “short selling” and I only did it extensively when the silver stocks started to decline twice in the past. During down trends, I just relax and stay out of the market as I am presently doing on my third day now and I stay out until I see particular stocks have a 2 or 3 day up movement. I am not a greedy person and I don’t try to have it both ways. If I had a goal to make lots of money and be rich, which I will never have, then I would be “AC/DC” as far as market trend action was concerned and “work both ends.” [Pun Intended]. Oh, BTW [and I do need to stop sometime, maybe this is it]....I mostly always let the Stop Loss orders do my selling. However, you many have noticed how I keep sequential track of the up and down days with the plus and minus signs. Well, when I do have a large profit in a particular stock and I see two (-) days, then I usually dump it although ir has not reached my triggered sell point. Not that this is something you need to know....I just felt like spilling m guts out on this point at this moment and you had the misfortune to be here ... :)
Why not? It's easier than milking a reindeer.
Absolutely a great point on “loss perspective.” I only trade with money I can afford to lose. If I lost all the money I trade with today, it would not in a single way change my lifestyle or deny any of the many pleasures in life I enjoy. 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 was on the outside looking in. But had I been on the inside, I would have had the same thought with my “conditioned response” [in this case]. After an extremely rapid high point was reached, each day, I expect bitcoin to go “pop” and take major drops in rapid sequence. Not hat I am that smart, well I guess that I am since it was a “costly learned condition” for me. My problem during early times was never learning when to get out. I had been flying so high that I always chased the moon. Every day the constant increases were “oh boy” days for me. I then paid dearly for my lesson not learn. Although it took a long time I learned to use Stop Loss. I only started to use stop losses when I was into as many as 30 or more stocks and could not possibly monitor them all at the same time throughout the day. Before Stop Loss orders, I learned to pick a set point and some time in a run up and just get out. That point was usually a high of 30% when it reached it. After that, it did not matter to me if the stock made a 700% increase. For I had my 30% and in my past days of faulty trading methods, I usually wound up with a major loss caused by not knowing when to sell and get out. There is a tale often told during my early days in life spent on the farm. I will share it: “PRESERVE CAPITAL – GUARD AGAINST LOSS.” Those are the words posted in full view on the front of my keyboard. I see them each time I look down.
It was a good brain-shot for you to start this thread. I really didn’t know what to expect the results to be at first and figured it might be a one-shot deal. But now with the ideas, information and actions flowing as I see them on the exchange of posts....I find excellent procedures being shared for anyone who has an interest. Great move, Stone. I’m a player and besides, it gives me something constructive to participate in....rather than trying to contend with Deckard’s shit spreading all day.
Keep the posts coming. I'll catch up on this thread later. Have a great day.
For those of you who are following this thread and are interested, I will take you through my process this one time. only. This is the first time in three days that I find a stock to fit my buy perimeters. If you remember from a previous post, I generally have over 250 to go through. For the last couple of days the selection has been at 16 and none of the 16 yesterday fit for me. Note: You may need to refer to a previous post to understand how to follow what I am doing. I get a 15-minute delayed feed from the markets, [I have no reason to pay money for live feed] I checked at 0746 [my tinme ] and off the 16 equities showing 100%...BINGO the first one was a hit. This ususally doesn’t happen and I can spend as long as a hour finding the right stock.. I am going to present the information the way I have it formatted for easy reference to me You will need to keep the following format in mind. I will not have time to always repost it each time and I will only post the data. On 02/07, I purchased 580 Shares of ERN – Stop Loss Price is $3.60 – Current Price / Purchase Price is $3.40=$3.40 – Amoun t of Purchase is $20,041.75 – Market Value is $20,041.75 – Reading from left top right [on the plus and minus signs] there was one day up, then two days down followed by two up days. The jump today was $2.94 and the jump for the past five days was $17.24. As you will recall, this was a “good” buy for me....so I am off and running....hard. ERN-01/07-580 ///// 3.36 ///// 3.40=3.40 ///// 20,041.75=20,041.75 ///// ++--+ ///// +2.94 +17.24
At 0830 the price is $3.70 – It’s up 5.88% percent for the day – The program shows if I had boughr the stock on opening at 0730 I wold have now made $116.00 – Since I did not, I have really made$46.25 – and the Market value is 2,088.00. That is calculated to be $61.66 per hour....a bit above minimum wage.
I will do this again at differet times during the day on this stock. Right now, I must get busy trying to ffnd the next stock to purchase. It will take a couple days to get back up to the normal 30 I carry. Later ... ...
I really didn’t know what to expect the results to be at first and figured it might be a one-shot deal. But now with the ideas, information and actions flowing as I see them on the exchange of posts....I find excellent procedures being shared for anyone who has an interest. Great move, Stone. I’m a player and besides, it gives me something constructive to participate in....rather than trying to contend with Deckard’s shit spreading all day. I concur - this is an interesting thread.
I have made 2 additional purchases. DECK fit again and I jumped in on it....along with GOOS. I dropped my Stop Loss from 1% to 3% - now at 3.30 Remember “Protect Loss.” Since I don’t have near as many stocks as normal, I can take a larger percentage loss on 3 stocks than I could on 30. I forgot to mention in my intital posts that I do fluctuate on the percentage amoung for stock loss. 0932 ERN is up for the day to 8.82% - I am up $75.25. I must now go look for 2 more stocks and then I feel like stopping there for the day....maybe, maybe not?
Just curious do you ever invest in real estate?
Never have...but I have a friend who does. Raw land declared as farm land with extremely low taxes is the way he made loads of money over the years. One of his purchases was a large tract between here and Tucson, he later discovered on an old map that it showed an airstrip on the property. He had been to the acreage a number of times to check the property and never saw an airstrip. He started digging around and a foot below the surface was a paved strip where the blowing dust had accumulated soil over the years. Checking history, he found out it was an auxiliary landing stirp for flight training out of Tucson. I lost touch with him about ten years ago when he moved to Vegas. He join our four- wheeling excursions and follow our Range Rover on off-road treks in his all-wheel- drive Porsche. Wild! Four-wheeling in a Porsche....he obviously made loads of money, eh? Lots of stories to tell you about him, maybe another time. He won many cross country races is vintage early 1900 vehicles that he restored and maintain himself at his mountainside home here. Hope there are not to many mistakes here, I am on a table keying quickly while grabbing a quick snack in the dining room and then getting back to “work” ...
I am stopping here. Things are turning South. I an looking DECK down $426.47...I may bail out. ERN is still holding up at 8.82%. I am now showing an overall loss $234.21 on the 3 stocks. Damn that DECK....3 time loser and always sucker bait for me. As Donald would tweet...SAD. Oh, well, the day is not over. What the Hell....I’ll still try to find 2 more stocks. I have 4 more hours.
That number didn’t look right on DECK. The computer at the broker sometimes lags a bit. No doubt it was down that much at one time. I did a manual calculation before I made a sell decision and I am only down by $278.48 on DECK. That’s okay....I’ll hang with it. Please forgive me DECK for swearing at you....and try to stay nice to me.
I am going into TRP, it’s up +2.45 and fitrs everything else.
Damn that DECK....3 time loser and always sucker bait for me. You are an emotional trader, tater, and operate without rules. You have lost money in a market that is on a downward plunge because you "think" emotionally; you think you can outwit the market. In the midst of uncertainty, collect the data as an action plan to avoid further risk. Study the data. Use your little brain power, assuming you have any and cool the transactions until the market corrects itself.
In the midst of uncertainty, collect the data as an action plan to avoid further risk. Study the data. Use your little brain power, assuming you have any and cool the transactions until the market corrects itself. I sincerely thank you for your personal comments and wise suggestions. I will take them under advisement...and I definitely will try hard to control my emotions.
Its about tyme. Quit losing your emotions for trading purposes. Trading is not the same as going into a fly bar and becoming all dazzled because you want to hump the first woman you meet.
In forex, the difference between going long and short is purely semantics, as it's always pitting one currency vs another. In fact, when you do a trade in forex, you actually commit to a long and short simultaneously, longing one currency while shorting another. With stocks, the assumption is the US dollar value is fixed while the stock value fluctuates. In forex, both the dollar and a competing currency are understood to fluctuate in value relative to one another, and it doesn't really matter if the true absolute value changes. In fact if you long the EURO/USD pair and the EURO loses value, as long as the USD loses value faster than the EURO, you still make money as the chart registers an increase in price. I suppose technically, when you buy a stock you are implicitly shorting the US dollar at the same time, as you are in fact trading dollars away to gain something you expect will perform better than those dollars will for the duration of the trade.
Interesting and educational....thanks. I only know what forex is.....nothing more.
You don't travel beyond Scottsdale Arizona, do ya?
But at age 84, I know that I still do enjoy having sex with my wife every day of the year. That is....except during the entire month of August. I miss it then, because August is when my next door neighbor who helps me on and off goes on vacation. I will not be emotional....I will not be emotional....I will not be emotional....
Oh, yea....I do get to Phoenix every week or so. But beyond that, I don’t get out of Scottsdale anyone. I used to though, when each year from 1965 through 1985, my wife and I spent a month each summer traveling throughout Europe while we based out of Austria. After we gave that up, we bought a series of motor homes and traveled extensively throughout the U.S. until we got tired of doing that. All I do now is just sit here all day and make money. As Donald would tweet....Sad.
Yep. There's a Mark 1, Mod 0 investment that works out very well for the patient and prudent.
This is what you said: Meanwhile, the REALITY is that TeamUSA does, in fact, subsidize athletes who are in high school, thus rendering your assertion FALSE. Why don't you go get your whining sponsored by your beloved France, Surrender Monkey?
Same thing with airplanes and helicopters. I was always perfectly happy to let the trained mechanical crews do all of the grease monkey work. Not my specialty, not my interest either. I'll fly it, you fix it.
Yes, Team USA subsidizes my daughter, a PITTANCE, not even a percentage of what it costs to do the sport. So, as with all things, it is a matter of degree. Internet trolls such as yourself get energy out of calling names, etc. People yell at you, and you like that. I'm past it. You just can't be taken seriously.
If we lived in France, we would. But we live in America, so we go win medals for America. I DO love France, that's true. I also love Michigan, New England, San Diego - quite a few places. You don't love anything, because you're a twisted, bitter person whose energy is devoted to raging at strangers on the Internet. I pity you. As far as Surrender Monkey's go, we all think the tax system is unfair, and we all pay our taxes anyway out of fear of the IRS and its enforcement, so we've all surrendered to the reality of power in this world. You, me, everybody else here.
You're still a pussy who can't change a sparkplug. Funny how you want a Jewbilly so other people's resources essentially get redistributed to finance your high flying bullshyte, but you don't have common sense to change a sparkplug yourself - and have to lease vehicles because neither you or your wife have the discipline, required of any army private, to RTFM and have your property serviced according to the specified maintenance schedule. Awesome stewardship. NOT. Top that all off with your presumption that people should take your financial advice seriously - when the character you continuously put on display is consistent with a pathologically lying grifter.
Uhuh. So basically you were lying, as usual, when you said they didn't. You just want more. Well BOO FRIGGIN HOO for you. How much does it cost to fly your airplane (or at least the one you can't change the sparkplugs in) Your Worshipfulness?
Uhuh. So you expect TeamUSA to subsidize you until what - ViCinderela Jr. can't make the cut?
Funny how you want a Jewbilly so other people's resources essentially get redistributed to finance your high flying bullshyte, but you don't have common sense to change a sparkplug yourself - and have to lease vehicles because neither you or your wife have the discipline, required of any army private, to RTFM and have your property serviced according to the specified maintenance schedule. Awesome stewardship. NOT. Top that all off with your presumption that people should take your financial advice seriously - when the character you continuously put on display is consistent with a pathologically lying grifter. Well, VxH, truth is, I'm a pretty impressive guy, with a pretty impressive resume, military career, and legal career. And I've got a beautiful family, and a nice house. I get paid to give advice to people, and the advice I give is good. You, on the other hand, are just a yapping mouth on the Internet. You point to the most petty of things as though you are making an effective indictment of my character. It's silly. Truth is, anybody who listened to and took the advice I've given so far on this thread would be the better for it, and I intend to go on giving similar advice. I am sure you will keep yapping your shit-trap at me, and I'm sure you will continue to think that you are scoring "points" in some invisible game. I'm equally sure that you've made clear to everybody else (except the other guy who hates me) that you're a disruptive troll. YOU haven't offered any advice at all, other than "Don't listen to HIM!" while pointing at me. It's a strange place, the Internet, populated by all sorts of kookburgers like you. But I guess I post here, in a very open and only lightly- moderated form, so having to deal with the likes of you is just one of the crosses I'll have to bear. It's a light one. I don't take you seriously. I doubt anyone else does. I am giving serious, thoughtful advice on this particular thread. And as I return to this subject matter, after this walk through the wilderness of kookburgerville with you (which I sincerely hope that A K A Stone will delete in its entirety, because it's all utterly off topic, and completely useless to this thread), I'll just wish you a good night. Now back to our regular programming.
Hah! You have no idea what you're talking about.
Ask the Navy. YOU were paying for it. I wasn't.
So, you're an anti-Semite also. Figures. Your type always seems to go there.
Stone - come on! - clean up on aisle 3! This is a really good thread. All of this crap back and forth between VxH and me is useless and doesn't belong here. I promise I'll stop rising to his troll bait. But could you just erase all of this crap here so that the thread will really concentrate on the interesting stuff here? Thanks!
Why don't you shut up you little bitch. You are off topic and no one cares about your homely wife or inbred children. When I get home if you made more comments acting like a little bitch, I will promptly ban you.
No retirement?
Ok, so this time I'll quote Buffett WITH ATTRIBUTION. I don't find everything that Warren Buffett says to be particularly profound, but each of these particular nuggets of his wisdom I agree with completely. It isn't that he taught me, or you, these things. A lot of us learned these lessons from life. It's that he has a particularly pithy way of putting them such that they are memorable. We all had to reinvent the wheel getting the wisdom to recognize that he's right, but we don't have to all make our own maxims. Buffett's already given us some goodies. Here are the ones that reflect my own view of the economic world: (1) Don't invest in what you don't understand. (2) Risk comes from not knowing what you are doing. (3) It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently. (4) Our favorite holding period is forever. (5) Only buy something you'd be perfectly happy to hold if the market shut down for 10 years. (6) If you aren't thinking about owning a stock for 10 years, don't even think about owning it for 10 minutes. (7) Diversification is protection against ignorance. It makes little sense if you know what you're doing. (8) What we learn from history is that people don't learn from history. (9) Successful investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant. And now one more quote, from Benjamin Franklin: "Put thy purse into thy head." That's what I have learned about life from living it, and living life means dealing with money, since it's the medium of exchange. Buffett puts those ideas so nicely. So, while others here have expertise in stock trading and currency markets, I think the real place to start is with life itself, because that's what we're investing FOR, and that's also what we each KNOW. "Buy what you know" is a maxim similar to the first Buffett quote. Maybe, with sufficient resources, a man does get around to buying stocks or bonds. But before that, he grows up, gets educated, and has to figure out how to house, feed and clothe himself and, if he marries, to take care of his wife, and then a family. And it may well be that the cost of doing those things devours his capital such that he can't seriously dabble in the stock or bond market. The first economic lessons are down there in housing and medicine, food and drink, and clothing, and education. So that's where I'm going to spend the second portion of my own thoughts on this. (Way, way up thread I listed all of the innate advantage of being what I presume we all are: White, North American men of at least middle-of- the- middle class status.)
What an amazing coincidence. I feel much the same way about who handles my retirement portfolio. People who get caught in affinity fraud scams - Not. So. Much, evidently. What is affinity fraud, Councilor?
So therefore you are uninterested in discussing economics on this thread?
If you do decide to invest in bee keeping, my experience has been that the Russians are the way to go. My first colony was some Italians I got for free from a guy who cleans up swarms. They all swarmed off the next summer. Then I had a colony bees I got from Texas. They were great producers, but probably had some africanized genes mixed in. Not fun to work with. Had a quick freeze come through two springs ago and they all froze. All layin in the bottom of the hive - wearing Tshirts cowboy boots and shorts in 20 degree weather. Typical Texans. The Russians I replaced the Texans with are overwintering their 2nd winter now. Healthy buzzing inside the hive and a few ladies hanging out at the door when I checked 'em today. Collected around 100 lbs of honey last fall. Local honey is great for allergy prevention and folks will pay if you want to sell it. We give some away and keep the rest - using it whenever sweetener is required for baking or cooking.
That’s interesting. What about local wild bees? Is is possible to capture and domesticate a local wild hive, or does that just not work? I have a big yard I intend to fill with flowers and blackberry bushes. Having my own hive would be great (though I worry about the kids around here so probably won’t.) I wouldn’t knock down a hive of wild bees if they took up residency in the trees above. I fear a bee box too close to too many young neighbor kids. I like this idea because I see food provisioning as a practical step towards financial independence once one has cleared the basic hurdles and starts to have investable money. Taking that which one already owns and making it a little bit productive is a great way to profitably invest small dollars. Organic spinach is $4 a pound. A garden run with spinach can produce 100 lb per year, $400 worth, for an investment of $10 for a trowel and $1 for an envelope of seeds. That’s a $389 return on an $11 investment, with no taxation - all pure gain. Find me any security that will produce a 3800% tax free return and give you a couple of hours exercise and sunlight Vitamin D to boot!
When I had the Texans I had 6 swarms set up in my neighbor's apple tree one spring. So I hived all of them. I'd hive one swarm and a couple of days latter there would be another one. Each swarm came to the same spot on the apple tree. Once the scent is there, it will attract swarms. You can put out bait. I've not done that. I built Top Bar hives for all of them. They all took off the next spring. So yeah I've caught "wild" bees and hived them, at least temporarily. That's a valid concern. But, urban bee keeping is surprisingly popular. I haven't been stung since the Texans froze themselves to death. Look in your area for a Bee keeping club or association - they can help you get started.
Kale is very cold hearty. I've had it growing until Christmas outdoors. I grow Kale, Swiss Chard, Leaks, Mustard greens year round in a 150sqft green house that's mostly solar heated. Some aquaponically, some in dirt. What we don't eat we feed to our hen chickens. All the above would be good for barter, and all lower our food bill while providing educational community building opportunities.
Christmas? Did you say you were in Texas? Up here in New England anything growing at all at Christmas is under glass. Our yard is quite shady, and I'm not going to take out trees to make the yard more amenable to vegetables, but I expect I can get Siberian peas growing here, and mushrooms on the oaks. Mostly I want flowers, just for the beauty of it, but I think I can get blackberries around the perimeter. We do have a couple of maples we could tap.
Colorado. I guess I should qualify "growing" as "not shriveled, dead and defoliated like everything else". It's not actively putting on mass, but it's still living and fresh - just like what these guys are showing: https://tinyfarmblog.com/kale-undersnow/ So rather that harvest it earlier and put it in the freezer... I just leave it out there.
That makes sense.
The end of this Series....with a Resolution and Summation of today’s market activity by me. There was a mistake made today during my first buy transaction. It was a long detailed process to discover the reason for the mistake and I narrowed it down to one of two distinct possibilities. However, it doesn’t matter HOW the mistake was made...it matters thathe mistake WAS made and I must live with the numbers. The Mistake – I intended to purchase 5 stocks today at $20,000 allocated to each purchase (or as close as I possibly could....I always overshoot for the high side when trying to get as close to $20,000). I wound up making 4 purchases for $20,000, but my initial order for 5880 shares of ERN totaling $20,000 was executed as 580 shares for $2,000 (again, all dollar amounts are in round numbers at this point). I must now live with mistake discovered after the market closed and I will purchase an additional $18,000 worth of ERN tomorrow morning at market opening. Verification is available for all these number at Barchart if requested. In fact, the links are in Post #9. I hope this series of informational posts on the inner workings for Swing Trading in the sotck market has been enlightening to those interested and I also hope it was what you were looking for, Stone....what you wanted me to do. This ends all commentary showing the activity during my daily trading. I repeat what I said in an earlier post: Swing Trading is nothing you learn to do overnight and nothing you can do part time...and you WILL pay a price for learning. Be prepared ... Okay, Stone. That’s it....the whole ball game for me. We will keep the thread active as a Financial Thread for anyone interested to participate and give or take information. Oh, I almost forgot to respond to the post from buckaroo, where he stated: In the midst of uncertainty, collect the data as an action plan to avoid further risk. Study the data. Use your little brain power, assuming you have any and cool the transactions until the market corrects itself. No, Bucky, I am in no way an emotional trader. I am a cool, calm, collected and methodical Swing Trader who definitely operates within a firmly defined set of rules....as explained and set forth in my Post #8 and Post #9 at the beginning of this thread. Which of course you obviously neglected to read. Furthermore: I never think “emotionally” and I never think I “can outwit the market.” There was no “uncertainty.” I was certain that the market moved down for two days. I needed to collect no data because it is always instantly available 24/7/365 to me on barchart.com with a mere lick on the mouse. Oh, I did plan, for about 3 hurs last evening and again this morning when I began my calculated moves. And I did use very little of my brain power....very little is all I ever need to use. Now, I did cool my transactions for 3 days and when according to my plan as outlined in the posts mentioned....I made my move as each stock under consideration showed an upward daily movement for 2 consecutive days and fulfilled the other perimeters of my buying plan as outlined in the posts above. So, Bucky boy, I must say I had a fair day....making a late start on 5 stock picks and taking in $418.55 which could have been $719.55 had not it been for an unknown glitch. And the fact that the stocks I picked through careful consideration and diligent study showed a paper gain of $2,243.85 for the entire day proved to show I have a tad bit of :market moxy”....ya think? BTW: Today’s activity was off of ONLY 5 stocks, Bucky. I normally maintain at least 20 stocks in my active portfolio and limit myself to no more than 30 at one time. I must admit that managing 30 stocks ar one time while Swing Trading is extremely taxing and I don’t normally go up to that amount unless indicators direct I do. I certainly do appreciate you taking time to give me some much needed advice on how I should invest in the stock market, Bucky, and above all....I will try to remember: I will not become emotional....I will not become emotional... DAMNIT, I will NOT become EMOTIONAL ...
Thank you Gatlin. Please don't leave the thread just yet. There is still, for me, a very important piece of what you do that I need to understand to get the complete picture. I understand that you select stocks based on certain pre-established criteria. I do not understand how you gained both $418.55 and had paper gains of $2243.85 for the day on the same stocks. Were those paper gains $2243.85 on your entire portfolio, or were they just on those stocks that generated $418.55? I am wondering how the $418.55 was a "real" gain, while the $2243.85 was a "paper gain". Did you sell those stocks and take the cash back out? Were those stocks heavy with dividend which paid after you bought them. PLEASE understand that I am not challenging your numbers. I just don't understand what the two different kinds of gain mean. The only two ways I know of to make a gain on stock are through capital gain - when you sell it (and there is no lingering paper gain after that, because because don't own it anymore), dividends paid on a stock when the company pays them. Stocks can split and there can be leveraged buyouts, but for tax purposes those things ultimately all wash down to capital gain. I'm just puzzled by the two types of gain you've discussed here. I don't know what they could be. Please explain. The other piece of information that I need to know to be able to make my style of analysis is the actual mechanics of how you bought and sold (if you did sell) the stocks. Was this done at a fixed price per share, at a fixed transaction price, based on a spread? What was the transaction cost. And where is the physical location of your property. Is it held by the broker-dealer from whom you purchased the stocks, in the B/D's street name at DTC? Is your broker-dealer your custodian, and what are your custodial fees? It does not seem possible that you could do short-swing trading if you take physical possession of shares book-registered in your name - that process is entirely too cumbersome to get in and out. Finally, you need data feeds of some sort to get the information on which you base your analysis. Full-up Bloomberg terminals cost $15,000 per person per month for the data feed, so obviously you're not doing THAT, but what are you doing? Do you have a subscription service that is providing you the feed? Are you using free online resources? As you saw with my discussion of growing spinach, I include the transaction costs in all of my analyses, because they are real and they determine the final dollars-in-pocket. This probably reads like a challenge, because that is the way of LibertysFlame. I promise you that it is not. I am trying to understand the components of what you have said above. It is intriguing, but it's a sort of black box with some confusing output numbers (confusing to me), and with unknown costs. I need to iron out those kinks to really understand it. Thanks.
zyeah, and while you are at it, quit the DAMN DRAMATICS.
Perhaps this will explain what I meant. The broker’s computer shows in one column the stocks daily gain/loss for the current day (continually updating throughout the day )in one column. In the next column, the computer shows your actual gain/loss updated (als continually updating). Those numbers were only for yesterday. So over a period of say five days, on the fifth day the daily gain fo those stocks may be $1,000....but my gain could show $3,000 (over the 5 day period). I always can see what the stocks are doing overall in any moment of time during the day....as well as I can see what my stocks are doing in that moment of time with a continuing computation. To try to simplify. That $2,000 number is what the stocks did that particular day, and it is continually updated during the day ....the $400 number is what my stocks did since I purchased them and it is continually updaed thoughout the day. That’s probably a better way of explaining it...I hope.
You make trading sound complicated. What is the name of the graphical user interface of the trading software you use?
BTW, some of the stocks I am in from time to time pay well over 20% APR in dividends. These numbers may not be in proper proportion, as an example. I may purchase a stock shortly before the “ex-div” date and sell it shortly after the dividend is paid. So, I can loose, say $100 on the buy/sell transaction and still make $150 from the paid dividend. I of course do not buy stocks for dividends. Some of those stocks occasionally fall into my buy plan.
To answer your question, I would say no for Swing Trading on the physical possession. Although I have never checked into it. I never own stock long enough to ask for the paper. I do no paper transactions with my broker, which by the way is USAA. Everything is electronic and I get notices of transactions and updates instantly. Their computer sometimes gets out of sync. Like yesterday, as I mentioned, It showed a loss on one stock of over $400 onone stock and I knew at a glance that was not possible. So I did the math and the loss was $200. The computer continually checks and updates itself. I have faith in it. The type of “glitches” I just mentioned has happened before, but they are always corrected the computer’s midnight reconciliation final update. Sorry, I am going to miss addressing some of your points....I will try to keep coming back and picking up on them.
ROTFL.
The time it took me years ago to research and trade 3 to 5 stocks a day....I can now trade up to 30 in that same amount of restricted time using Barchart. I am going to have to leave you shortly for a few hours....I will be busy. I only have 3 stocks lined up for today’s buy and I want at least 5 to add to yesterday. I am again building up to 20. Probably lots of mistakes in these last posts....sorry, I am in a hurry and I do enjoy trading comments with you. Have a great morning ...
ROTFL. I laugh to, sometimes...."all the way to the bank." I am a stickler to reconcile my transactions to the penny. Every error that occasionally showed up during the day was always corrected by the computer at midnight. My Money....My Faith. Your Bad Computers....Your Problems. And that is the way the cookie crumbles ...
I know that ...
Again, as opposed to evading a question pertinent to your "genius" for day trading, what graphical user interface do you use? Since you are a high power user making HUGE profits, you have an obligation to the channel to let us know how you collect the data in order to make buy/sell decisions. As an example, I use TD Ameritrade software. What do you use?
I am a just a low power, old country boy with a high school education, making MANY little profits....over and over, time and time again. And that is the way the cookie crumbles ...
I use no software....I have a brain and I use it. Barchart has all the graphs,charts and background data I ever need ... Geeze, man...look at my results yesterday. The numbers were verifable. I generally do 4 times that activity. Just stop and admit that you are exchanging comments with someone much smarter you .
YET ON POST #128: The computer continually checks and updates itself. I have faith in it. ROTFL
To try to simplify. That $2,000 number is what the stocks did that particular day, and it is continually updated during the day ....the $400 number is what my stocks did since I purchased them and it is continually updaed thoughout the day. That’s probably a better way of explaining it...I hope. I get it. Thanks. The way I would describe it is that as of close yesterday, you had a nominal (paper), unrealized gain of $418.55. You will have realized gains when you sell your securities. You may also earn dividend income if you hold the security on the dividend date. That all makes sense. Could you discuss the transaction costs - what it costs to buy and sell, and custodial fees? Also, could you discuss the fees for the data you use? Thanks!
Two different aspects. My Brain..Their Computer to do what I tell it to do. EDIT: I still use NO software.
Probably lots of mistakes in these last posts....sorry, I am in a hurry and I do enjoy trading comments with you. Have a great morning ... You too. Let's talk after 4 PM. I am enjoying this discussion.
It’s $5.95 per trade in the amounts I normally deal. Higher number of stocks or higher dollar amounts = higher trade costs. No custodial fees....no membership dues.
If this old country boy with only a high school and the highest math course being ninth grade general math can do it....then, anyone who possesses logic and common sense can also do it. If it sounds complicated, then I am ether not explaining it properly or you have a comprehension problem. In either case, the simplest thing for you to do if you don’t understand someting ....is to ask me a question. I think I have addressed this at least twice before and I will do it again. I don't use any software.. I simply log on the Website, then start monitoring the activity and begin to buy, sell or both.
Then you admittedly don't collect relevant information and you don't perform any analysis of and about the data. That means you are a fuckin' idiot, as you already admit: If that's the SECRET to any majiick you posses, you are out of your phuckin' mind.
You are a liar, a thief and have no personal honour. I have not lied, I have not stolen and I have shown no place that I have no personal honor. Stone established this thread and asked me to share what knowledge I have about trading...I am doing that. He did not establish this thread for you to come here and attack me personally or challenge my integrity. If you have something intelligent to ask or contribute to the purpose of this thread....then, “I’m your huckleberry.” Otherwise, I will again starting doing what I did until recently. That is, after the next personal attack you make on me, I will scroll past your posts and neither read or respond to them. I trust I have made myself perfectly clear to you.
Then you admittedly don't collect relevant information and you don't perform any analysis of and about the data. No, you don’t understand...I did not admit that. I log in to barchart.com where I stay all day and off and on I do research to use their data there. At the same time, I am also logged in to usaa.com where I take that information I use from Barchart to execute trades. Maybe you were thinking those were the one and the same and that is why you are confused....maybe.
Yes. I reiterate, you are a liar, a thief and a clown. You are an an absolute collapse of reason towards objective thinking and risk analysis towards investment strategies. You are the antithesis of risk based thinking; moreover, you lack opportunity based thinking; not just for yourself but because your advice clearly delivers on a chit-chat channel a result of failure while delivering singularly based pure emotion and BY-GOLLY or otherwise known as "seat of the pants" analysis.
If that's the SECRET to any majiick you posses, you are out of your phuckin' mind. Well, that is not the ONLY secret....because:
Now, that was really inspiring...you must listen to Jim sing it again.
OK. You are a complete failure in life offering BULLSHITE on a chit-chat channel. So now, you want to move the topic towards your slant of religious values because you can not confront the problem about your own Wall Street Genius. You are evasive and dirty about your own posts, pal.
By my calculations, based on the data you have given, and making the following assumptions: (1) You sold and realized your gain (2) Transaction costs are 5.95 to buy, and 5.95 to sell. (3) You have no other source of income, so your taxable income is what is produced solely by investment. (4) A trading year of 251 days (days that the market is open). (5) You make comparable trades, with comparable profits, every day of the year, and close out of each position at the end of each day. (6) Yesterday, on your initial investment of $82,473.4, you had a net return after transaction costs (but before taxes) of $356.05, which is a .43171% one-day rate of return. (7) That you were able to do the same on each of the other 251 days in the trading year. (8) You are married, and you live in a state with an average income tax rate of 5%. (9) Your sole source of income is your return on investment. (10) 2018 tax laws are in effect. Your pre-tax earnings on investment would be $89,368.55, on an initial investment of 82,473.40. This is a pre-tax rate of return on investment of 108.36%. After taxes (all of which is short term capital gain), your return on investment was 75,436.89, which is a 91.467% Other than the blind luck of the lottery, I know of no investment that produces anything close to those returns. Of course, those numbers do not accurately reflect your actual rates of return, because the assumptions are not all true. For example: you still hold those securities, which means that those gains are notional, not real. You would need to sell and then reinvest your principal to be that successul. I have not considered the effect of reinvesting all of your gains. So, if you are able to consistently pick stocks with those assumptions and success rates on an ongoing basis, this would appear to be a very attractive investment strategy.
The obvious corollary to the above would be to ask you point blank the profit data from your last year's trading activity, on a before tax and after tax basis. I am dying to know that. But I recognize that it is a direct personal question, and very aggressive, so I won't ask it. I myself generally answer anything asked of me, even by aggressive people who obviously dislike me, because that's just the way I am - straightforward and fearless, and frighteningly open. But that's not the American way at all. I like the Swedish model of company operations, whereby everybody salary, bonuses and benefits are public knowledge, and everybody's income tax returns are matters of public record. However, this thread is not about a reveal of personal data, but about investment. From what you have described, your strategy could be profitable indeed, provided you pick the right stocks and make many successful trades. When you sell is likewise key. I assume you pick based on certain factors after seeing certain market behaviors, and I assume your sell discipline is based on the same things. I'm sure you're not making 91% returns, but I would imagine that with experience returns in the mid-teens are eminently possible. Could you share your last year's pre-tax return percentage? Thanks!
I think you may be getting some wrong ideas from what I am posting any may be mentally formulating some plan for the future. I am by no means a professional Swing Trader. If I had to label, I would call myself a hobbyist who does Swing Trading for the thill of the challenge and for entertainment. There are professional Swing Traders like say Evan Medeiros. He is a full-time professional swing trader and the founder of TheTradeRisk.com . I see where you are going with your questions on commission structure. That probably is the first door to unlock if you’re working towards being a professional Swing Trader. If you are actively paying $5.95 per transaction with a $1000 trading account....then the math is perfectly setup for failure. If you are a Professional Swing Trader looking to make lots of money, then use a trading organization like Robinhood and pay $0 commission...then you can be more successful with any size account. I don’t compute my transaction fees, I pay no attention to no attention to them. If I pay $7,735 in transactions fees (which I did one year and it was the only year the accountant had to compute those for some reason) and I am content with making, say only $6,000 net....then I am a content “Hobbyist Swing Trader.” I thnk I just coined a new term For what I am doing, and will continue to do, Barchart provides all the data, charts, projections and everything else I need to do. If I wanted to start doing Swing Trading for living and make a bunch of money, then I sould look into any number of Swing Trading software programs that are available on the Internet and test a few of their programs with a small amount of capital while I was paying $0 commission. There are also a number of sources on the Internet where you can get free newsletters and others with paid membership to look into. I however have always been leary about these paid type sources and stayed away from them. I always figured if they were any good, they could hire a bunch of people to work directly for them and clean up on making money and forget about selling advice. I have no specifics to share with you....but maybe this basket of rambling information will be of some benefit to you.
I am by no means a professional Swing Trader. If I had to label, I would call myself a hobbyist who does Swing Trading for the thill of the challenge and for entertainment. There are professional Swing Traders like say Evan Medeiros. He is a full-time professional swing trader and the founder of TheTradeRisk.com . I see where you are going with your questions on commission structure. That probably is the first door to unlock if you’re working towards being a professional Swing Trader. If you are actively paying $5.95 per transaction with a $1000 trading account....then the math is perfectly setup for failure. If you are a Professional Swing Trader looking to make lots of money, then use a trading organization like Robinhood and pay $0 commission...then you can be more successful with any size account. I don’t compute my transaction fees, I pay no attention to no attention to them. If I pay $7,735 in transactions fees (which I did one year and it was the only year the accountant had to compute those for some reason) and I am content with making, say only $6,000 net....then I am a content “Hobbyist Swing Trader.” I thnk I just coined a new term For what I am doing, and will continue to do, Barchart provides all the data, charts, projections and everything else I need to do. If I wanted to start doing Swing Trading for living and make a bunch of money, then I sould look into any number of Swing Trading software programs that are available on the Internet and test a few of their programs with a small amount of capital while I was paying $0 commission. There are also a number of sources on the Internet where you can get free newsletters and others with paid membership to look into. I however have always been leary about these paid type sources and stayed away from them. I always figured if they were any good, they could hire a bunch of people to work directly for them and clean up on making money and forget about selling advice. I have no specifics to share with you....but maybe this basket of rambling information will be of some benefit to you. No, I am not looking to be a Swing Trader. My own investment approach is this (and reflects all that I have written before): I already am in the job that I expect to be terminal, so there's no "Upward mobility" for me in employment prospects. I can, by and large, track out the rough shape of my income and benefits from now until retirement, which will probably not be before age 67 in any case (to maximize Social Security). My wife still has some upward mobility in her prospects (after many years off raising a child) by punching through the hurdles of being certified as a teacher in our state. So I expect some income increase on her part, in the $10k to $30k range over the years. I expect we will both retire about the same time. I expect that Social Security and Medicare will both be in operation when we retire, because I believe that the United States would have had to have literally ended for those programs to have disappeared. I believe that Social Security and Medicare are so fundamentally vital to the structure of the US economy, and so necessary to 95% of the population, that it is politically impossible to strike down either of those programs. I believe that the US will print money, borrow money, engage in forced nationalization of retirement assets, cut non-essential services, sell resources, raise taxes - whatever is necessary - to maintain those two programs in place. I do not believe that it is politically possible to touch those programs, and that attempts to do so will be blocked by the judiciary until the next election cycle wipes out the party that attempts to do so. I say this because Social Security and Medicare are part of my retirement plan. I hope to not need them, but I expect that I will, and that my other efforts will augment my income, but will not replace either program. Currently, my wife and I are putting our purse into our daughter's head, and the results are good. She has a straight-A average, will be attending an Ivy League university, and is on track to make the US Olympic Team in 2020 or 2024. We plan to fully finance her education through law school, so there will be no student debt to burden her, and to provide the necessary downpayment for her primary residence when the time comes, so that she is able to gain the security of home ownership and the growth of equity in that primary expense, as opposed to spending years pissing money down the drain in rent. At that point, barring unforeseen emergencies, she will be launched and independent and we will have done our job to position her in life as well as we can, as parents, certainly far ahead of where we started. I agree with Buffett one more time, when he said "Give your kids enough so they can do anything, but not so much that they can do nothing." I don't have enough to give her for her to be able to do nothing anyway, and I think we have prepared her to be able to literally do anything, and in particular to let her pursue the course she has chosen for herself, with as good a chance as anybody in the world of being the best in the world at her chosen field. No American has ever won Olympic gold in women's foil. I expect my daughter will be the first, and she herself is training and preparing to do exactly that. So, that covers parental duties. When grandchildren come, I expect to be able to assist in their private education, if needed. Turning, then, to my wife and myself, the greatest variable of future expense is health, and the greatest single factors influencing health that are under human control are nutrition, sleep and stress levels. Exercise ranks fourth in this regard, though it certainly helps. Eat, sleep, stress and exercise largely determine whether one will face lengthy periods of expensive health care that will exhaust one's final resources, or good health that will not. We all die of something, of course, but the conditions under which it happens are largely (though by no means completely) under our control. Therefore, proper investment in good, healthy food is important. Food is not a place to economize. Luxurious food is not good for us when eaten often, but merely HEALTHY food - organic, skewed towards fresh seafood, prepared with high quality ingredients: to eat right essentially doubles the cost of nutrition above the standard American diet, and that doubling of cost means fewer resources to invest in the earlier years, and much lower medical expenses in the latter years, probably. So that is the next investment, and it is a substantial one: the decision to CONSUME an extra $20,000 per year, between two people, to eat the healthiest foods on a continuous basis. To do so in the belief that this will prevent later cancers and heart and liver conditions that will entirely deplete an estate before death is a choice based on faith in my own understanding of the science of health and biology. Between now and age 70 is 15 years, so this is a $300,000 decision - to invest in health through food INSTEAD OF economizing on food and investing that same cash in money-producing investments. Then we move to the next investment, which is in the proper repair and arrangement of our living space, and in particular beautifying our half-acre garden. This is a stress reducer - once against reducing the eventual cost of a health care, and a property value enhancer - improving the value of the property - it is an important improvement to quality of life. To fully landscape the property would probably cost $25,000 up from, and $5000 per year to maintain, and to upgrade the house (saving on future energy and repair costs) would probably cost $100,000. So, once again, over that 15 year period, another $200,000 will not be available to invest in securities to produce a cash flow. Only now do we come to the point of investing excess income. Transaction costs and taxation of gains mark me. Like Buffett, my holding period - of houses, of wives, of securities - even of cars to the extent possible - is "forever". I have determined that, given my tax bracket, federal and state, and given transaction costs, the benchmark investment for me is tax free municipal bonds, bought and held to maturity, with reinvestment of the interest. Bonds that yield 5% untaxable at the federal, state and local level are available. My Connecticut tax bracket is 6.5%, and my federal tax bracket in 2018 is 35%. Given the new tax law's elimination of the personal exemption and restriction of deductions on state income and property taxes, my effective tax rate is 41.5% on investment returns. So, a safe 5% return on tax-free municipal bonds for someone in the 41.5% aggregate tax bracket, is the equivalent of a 7.05% taxable return. One can obtain that sort of return on junk bonds, which are not safe. It appears as though your equity investing techniques may produce a greater return than that. I am interested in seeing the real return numbers you have had over time, pre-tax, so that I can apply tax rates and transaction costs to get an apples-to-apples comparison. Assuming that I am able to invest $50,000 per year in my munis for the next 12 years, and $100,000 per year after that for the remaining 3 years until earliest practical retirement, my total invested principal of $900,000 should have grown, at 5% tax free, interest paid semiannually, with full reinvestment, by 5.0625% per year, with compounding, to 1,599,727.63 (to the penny). Left alone, that corpus will generate $80,986.21 per year in tax-free income, which will be augmented by Social Security at very nearly the maximum rate for me of about $3538 per month ($42,456 per year), plus my wife's benefit of about half that ($21,228 per year), for a total family income of $144,670 per year of retirement income, secure and essentially guaranteed for life. This will allow us to assist in the funding of our grandchildren's private school and college educations and allow us to continue to invest a portion to stay even with inflation. I recognize that you are going about it a very different way, and that's fine. From my perspective, the "number to beat" in investments is a very safe return of 7.05%, taxable, per year. An investment that can exceed that if equally safe, is better, an investment that is below that level is worse (there is nothing that is really safer than a general obligation bond of a state except for federal bonds, but they are taxable). So, that's what I'm asking for. I'm offering a way to compare your approach, the real, after tax returns, to mine. From the numbers you've given, yours seems to produce better returns than mine. I would never do it the way you do: it requires too much reliance on my analytical abilities. I want to buy and hold and forget and reinvest the interest, and not pay taxes on it, and focus on family and health and enjoying my garden.
Exactly! I have the same view about gold hoarding. If these companies advertising for people to buy their gold because of the imminent meltdown of the economy and hyperinflation of the dollar really believed their own hype, why are they selling the gold in exchange for those soon-to-be-worthless dollars? They sure want dollars rather than holding onto their piles of gold, so THEY obviously don't believe what they say.
If these stocks are so wonderful why aren't they holding on to them to keep getting richer? They might be selling them and buying gold, because they have correctly deduced that the ponzi FRN's are about to become virtually worthless. At least they have enough sense enough to get out while the getting's good. Invest in gold, silver, ammo, cigars, coffee, and toilet paper. They all have real value, as opposed to being worthless paper like stocks and FRN's! Bees sound good too.
Because the purpose of issuing stock is to raise money to permit a business to fund its operations. A business is founded and raises money because its owners believe in the future of themselves, their enterprise, their country, and the monetary system in which they will operate. Stocks only have value BECAUSE the company has value as a going operation. This is an utterly different mindset than the goldbugs. Gold has no intrinsic value at all, other than the same appeal that brass buttons have to crows and rats: "Oooh, shiny!" Gold is inert. It produces nothing, It employs nobody. It generates no income at all, quite unlike a business whose stock issuance gave it its start. The stock has value because that business, as a going concern generating dollars, will continue to do so into the future. Gold generates nothing and does nothing. People buy it because the vendors of gold tell them that the dollar is going to inflate as the economy melts down. It's a bet against the survival of the country. It has value because of "oooh, shiny", but it's not marketed to investors on the basis of its inherent beauty to our eyes. It is marketed as a hedge against economic Armageddon. It's not an effective hedge against Armageddon, really.
Gold and silver have many industrial uses, it's not just so you can have gold teef like Trayvon. Gold is highly corrosion resistant is is used in many critical electrical and medical applications. Gold and Silver must have great practical value to have achieved such widespread use in manufacturing in spite of their high price. I've had a dental gold bridge in my mouth for decades. No you can't see the gold, it's covered in ceramic.
Nobody can dispute the industrial uses of gold, and gold is just as legitimate an investment as any other commodity. If one wishes to invest in gold, and feels more secure in doing so, there is no very good reason not to do it. As an asset class, it is taxed at a higher rate than other assets. Long term capital gains on securities are taxed at 20%, gold is taxed at up to 28%. But that in an of itself is not a reason to invest in it. Gold carries with it certain uncertainties and security issues: if you take it in physical, you have to secure it or insure it, both of which carry additional costs or risks: if a gang knows you own stocks you are not at any particular risk, but if they know you have gold they have an incentive to attack YOUR home. If it's stolen, you're out of luck unless you insure it, and the thing about insuring it is that gold produces no interest or dividends, only (potential) capital gains, but insurance does cost money on a regular basis. Gold is not as easily transported as currency within the system, which is available everywhere electronically. Physical gold is heavy, has to be carried, and given the confiscatory predations of many police forces in the US, may well end up impounded as "instrumentalities of a crime", and civilly forfeited, if you drive around with it. Transaction costs diminish any investment, and you can't buy food and gas with gold, you have to convert it to dollars, and you pay a premium, and taxes, every time you make the conversion. Of course this is true of every other security or investment, and is not unique to gold. As a simple investment, gold is like any other. And it is satisfying to have and to hold. Gains on it are taxed more highly, and it has other inconveniences to it already discussed, but there's nothing wrong with owning gold as an investment. Where things go queer with regards to gold is when paranoia takes over and men start stacking gold bars and hoarding guns in preparation for the apocalypse. At this point, rational economic activity has ceased and those men are on an occluded orbit that is unlikely to leave them personally wealthier, and is far more likely to cause them to get themselves into the sort of trouble that religious fanatics with 13 kids chained in a house get themselves into. But as a rational investment strategy, dollar cost averaging in gold is a modestly suboptimal way to store value. Gold does tend to keep up with inflation. It generally doesn't do better than that over time, and it doesn't produce a current return. Still, if the cost of purchase is kept low and the sale of the asset is timed for large market upswings in the gold price, good money can be made. The particular inconveniences of the asset class - it's physical weight and security issues - are always there. It's a choice to bear them. There is nothing WRONG with investing in gold. There is plenty wrong in buying gold to fend off impending Armageddon, mainly because that won't work, and the whole mindset that the world is ending is neurotic - the world isn't ending, and if it is, gold isn't going to save you, Neither will guns and cigarettes. Want to REALLY prep? Buy land far away and grow vegetables on it. Trouble is, far away means that you can't engage in meaningful economic activity with other people, and 99.9% of people have their greatest returns, by far, in the form of wages, not investment income.
U.S. stock index futures were higher ahead of Friday's open, as investors kept abreast of the volatile trading seen in markets worldwide. Around 7 a.m. ET, stock futures were pointing to the Dow opening up more than 150 points. The Nasdaq and S&P 500 futures also indicated a positive open. The movements seen in U.S. futures come on the back of a sharply lower finish to Thursday's trade. In the previous session, U.S. stocks finished deep in the red as higher interest rates continued to weigh on sentiment. The Dow Jones industrial average finished the session down 1,032.89 points at 23,860.46 — entering correction territory. In addition, investors have been on edge, as developments in the political space surface. Late Thursday, it became apparent that parts of the U.S. government would be entering a shutdown, after the Senate failed to secure the passing of a spending bill by the midnight deadline. During Friday's early hours, however, the Senate managed to pass a short-term funding bill, paving the way to boosting military and domestic spending. The measure then headed to the House, where resistance was expected. Before the U.S. market open, however, the House voted to approve the bill and send it to President Donald Trump for it to be signed — helping end the brief government shutdown. On Friday, earnings and economic data will continue to trickle in as the trading week draws to a close. In corporate news, Moody's, PG&E and CBOE are set to publish earnings ahead of the bell. Wholesale trade data is due to come out at 10 a.m. ET. No speeches by U.S. Federal Reserve officials are scheduled to take place Friday.
That is....except during the entire month of August. I miss it then, because August is when my next door neighbor who helps me on and off goes on vacation. LOL
That is....except during the entire month of August. I miss it then, because August is when my next door neighbor who helps me on and off goes on vacation. LOL I even laughed while reading it again ... I
Tesla Inc (TSLA) – Price Overview The stock has moved from $250.42 on 10/24/2019 to $901.80 this morning … and it’s still climbing as I post this. Stay well …
Do the math and see what $10K from you would have increased to in just slightly over three months. The price of Tesla at this moment on 07/23 is $1,592.33.
Well I wish I had invested a long time ago. Do you think it will crash. I mean do you really think they are more valuable than Toyota and Ford?
It matters not what I think. I go with the flow – as a “Momentum Trader” … One analysist is calling for a $4,000 price. We shall see …
Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen. Nah … Read these –
#2. To: A K A Stone (#1)
#3. To: Gatlin (#2)
#4. To: A K A Stone (#3)
(Edited)
It is for you to provide the content.
#5. To: Gatlin, A K A Stone (#4)
#6. To: Gatlin (#4)
#7. To: A K A Stone (#6)
If I had a thousand bucks and I wanted to invest it for a month, what would you buy?
#8. To: A K A Stone (#6)
If I had a thousand bucks and I wanted to invest it for a month, what would you buy?
This is going to be difficult to answer. It will take time and some detailed explanation, but I will do this for you. First of all, I cannot answer the question as you posed it because I have never approached trading in that manner. Meaning, As a Swing Trader, I always place a Stop Loss order on each equity I purchase. So, the sell order occurs automatically and I therefore place no time restrictions on any stock buy. I am sometimes in and out of a stock within few minutes and often times I am in and out of a stock the same day, At other times, I am in for as long as a month or two before being being automatically sold out. DEFINITION of 'Swing Trading'
BREAKING DOWN 'Swing Trading'
Day Trading Versus Swing Trading
I will offer no advice....none whatsoever. But since you asked and definitely seem interested, I will do a ONE time walk-though exercise with you. I will tell you what I am now planning. I may modify my plan tomorrow morning depending on the opening price of the stock I choose.
#9. To: A K A Stone, Pinguinite (#8)
(Edited)
I don't think you know as much about trading as I do, Gatlin.
#10. To: Gatlin (#9)
#11. To: A K A Stone (#0)
You wanna get rich? You just might if you follow this advice.
#12. To: A K A Stone (#6)
If I had a thousand bucks and I wanted to invest it for a month, what would you buy?
#13. To: Vicomte13 (#12)
(Edited)
#14. To: A K A Stone (#6)
#15. To: VxH (#13)
#16. To: Pinguinite (#10)
... but when cryptos have 6 weeks of losses, you say the party is over for them?
We were good together until here when I stopped to answer your question. I do appreciate your favorable comments on my trading. Sidebar:
I have rambled....something I admit I am good at doing. But to try and summarize with an answer to your question: I just could see no reason for the run up other than hype with everyone jumping on the bandwagon and I fully saw it as a bubble waiting to burst. It may recover, and I sincerely hope for your sake that it does because I get the indication you have a “dog in the fight.” And I am not shorting it, although would have started doing so the second down week if there had been a mechanism for me to do that....so I have no personal reason not to want a recovery for the folks who lost money.
I believe that government controls are necessary evils in some cases....but in other cases, they are fucking power-hungry idiots in government and go overboard. Uh, does this make me a quasi-libertarian?
#17. To: Vicomte13 (#15)
#18. To: Vicomte13 (#15)
(Edited)
#19. To: Vicomte13, A K A Stone, Pinguinite (#14)
First - don't invest in anything you do not understand. You probably do not really understand Bitcoin. Scarcely anybody does. Don't invest in that sort of thing.
#20. To: Vicomte13 (#14)
(Edited)
#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.”
#61. To: Pinguinite (#60)
(Edited)
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.”
#62. To: Vicomte13 (#56)
Neutering sheep is something I would not want to do.
#63. To: Pinguinite (#59)
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.
There was a man who had a mail order bride arrive at the stage stop. He was there to pick her up with his mule and wagon. He did not say a word to her. And they never spoke during the first part of the long trek to the homestead. After a while, the mule stumbled and the man said “that’s one.” Some time later, the mule again stumbled and the man said “that’s two.” A few more miles down the trail, the mule stumbled again and the man said “that’s three.” He then stopped the wagon and picked up a 2x4 from under the seat, got down and hauled off and smacked the mule between the eyes with the long piece of timber wood. The young lady who had also not spoken during the trip screamed at the man and began saying how terribly cruel she found him. The man got back in the wagon, looked directly into her eyes and said “that’s one.”
I had my “that’s three” in the years I lost. Then I learned. And I will never, ever, have a major loss again.
#64. To: A K A Stone (#63)
#65. To: Gatlin (#64)
#66. To: A K A Stone (#65)
#67. To: All (#66)
#68. To: All (#67)
#69. To: Gatlin (#64)
It was a good brain-shot for you to start this thread.
#70. To: All (#68)
#71. To: Gatlin (#70)
#72. To: A K A Stone (#71)
(Edited)
#73. To: All (#72)
#74. To: All (#73)
#75. To: All (#74)
#76. To: Vicomte13 (#58)
#77. To: Vicomte13 (#57)
(Edited)
#78. To: Gatlin, A K A Stone (#73)
I am now showing an overall loss $234.21 on the 3 stocks.
#79. To: Vicomte13 (#56)
#80. To: buckeroo (#78)
You are an emotional trader ...
#81. To: Gatlin (#80)
I definitely will try hard to control my emotions.
#82. To: Gatlin (#61)
(Edited)
#83. To: Pinguinite (#82)
#84. To: Gatlin (#83)
I only know what forex is.....nothing more.
#85. To: buckeroo (#81)
... because you want to hump the first woman you meet.
I don’t know about humping the first woman I meet.
#86. To: buckeroo (#84)
You don't travel beyond Scottsdale Arizona, do ya?
#87. To: VxH (#76)
#88. To: VxH (#79)
#89. To: VxH (#77)
#90. To: Gatlin (#72)
Raw land declared as farm land with extremely low taxes is the way he made loads of money over the years.
#91. To: Vicomte13 (#87)
(Edited)
"Other countries subsidize their young athletes. Ours does not until the collegiate level."
#92. To: VxH (#79)
Jeezus. What. A. Pussy you are.
#93. To: VxH (#91)
Meanwhile, the REALITY is that TeamUSA does, in fact, subsidize athletes who are in high school, thus rendering your assertion FALSE.
#94. To: VxH (#91)
Why don't you go get your whining sponsored by your beloved France, Surrender Monkey?
#95. To: Vicomte13 (#92)
#96. To: Vicomte13 (#93)
(Edited)
Yes, Team USA subsidizes my daughter
#97. To: Vicomte13 (#94)
If we lived in France, we would.
#98. To: VxH (#95)
You're still a pussy who can't change a sparkplug.
#99. To: VxH (#97)
Uhuh. So you expect TeamUSA to subsidize you until what - ViCinderela Jr. can't make the cut?
#100. To: VxH (#96)
How much does it cost to fly your airplane (or at least the one you can't change the sparkplugs in) Your Worshipfulness?
#101. To: VxH (#95)
Funny how you want a Jewbilly
#102. To: A K A Stone (#95)
#103. To: VxH (#97)
#104. To: Vicomte13 (#102)
#105. To: Vicomte13 (#99)
#106. To: Vicomte13 (#100)
Ask the Navy. YOU were paying for it. I wasn't.
#107. To: Vicomte13, Vic Snowflake, safespace, VxH (#102)
(Edited)
#108. To: Gatlin (#86)
(Edited)
#109. To: hondo68 (#107)
#110. To: Vicomte13 (#92)
I was always perfectly happy to let the trained mechanical crews do all of the grease monkey work. Not my specialty, not my interest either. I'll fly it, you fix it.
#111. To: VxH (#110)
What an amazing coincidence. I feel much the same way about who handles my retirement portfolio.
#112. To: Vicomte13 (#111)
#113. To: VxH (#112)
(Edited)
#114. To: All (#110)
(Edited)
#115. To: Vicomte13 (#111)
#116. To: VxH (#115)
(Edited)
#117. To: Vicomte13 (#116)
What about local wild bees? Is it possible to capture and domesticate a local wild hive
I fear a bee box too close to too many young neighbor kids.
#118. To: Vicomte13 (#116)
Organic spinach is $4 a pound.
#119. To: VxH (#118)
(Edited)
I've had it growing until Christmas outdoors.
#120. To: Vicomte13 (#119)
Christmas? Did you say you were in Texas?
#121. To: VxH (#120)
#122. To: buckeroo, A K A Stone, ALL (#78)
(Edited)
Resolution for the activity today -
Symbol – Buy / Close /// Day % Change /// Buy $ Amount - Close $ Amount – Day’s Gain/Loss from opening – My gain/loss with later buy in - Underlined
GOOS – 37.76 / 38,12 /// +2.78% /// 20,013.40 - 20,203.60 /// +545.90 – +190.20
DECK – 96.03 / 95.69 /// +0.73% /// 20,082.17 - 19,807.83 /// +142.83 - -274.34
ERN – 3.40 / +7.35 /// 7.35% /// 2,041.75 - 2,117.00 /// +145.00 - +75.25
HAE – 68.17 / +5.02 /// +5.02% /// 20,030.29 - 20,500.62 /// +979.20 – +470.33
TPR – 30.20 / +2.20 /// +2.20% /// 20,035.79 – 19,989.90 /// +430.92 - -45.89 Summation for the activity today -
Had I purchased all of the 5 stocks immediately at opening, I would have made $2,243.85.
Because I had to research and follow my plan, I bought in later in the morning and I made $418.55.
Had the buy error on ERN not have happened, I would have made $719.55. You are an emotional trader, tater, and operate without rules. You have lost money in a market that is on a downward plunge because you "think" emotionally; you think you can outwit the market.
#123. To: Gatlin (#122)
#124. To: Gatlin (#122)
.. DAMNIT, I will NOT become EMOTIONAL ...
#125. To: Vicomte13 (#123)
(Edited)
I do not understand how you gained both $418.55 and had paper gains of $2243.85 for the day on the same stocks. Were those paper gains $2243.85 on your entire portfolio, or were they just on those stocks that generated $418.55?
I obviously used a misnomer, I should not have used the term “paper gain.” I see the confusion I caused. I should have tried to find a different term.
#126. To: Gatlin (#125)
The broker’s computer shows in one column the stocks daily gain/loss for the current day (continually updating throughout the day )in one column. In the next column, the computer shows your actual gain/loss updated (als continually updating). Those numbers were only for yesterday. So over a period of say five days, on the fifth day the daily gain fo those stocks may be $1,000....but my gain could show $3,000 (over the 5 day period). I always can see what the stocks are doing overall in any moment of time during the day....as well as I can see what my stocks are doing in that moment of time with a continuing computation.
#127. To: Vicomte13 (#123)
(Edited)
The only two ways I know of to make a gain on stock are through capital gain - when you sell it
Had I sold those stock yesterday exactly at the split second the market closed....my capital gain would have been $418.55. Had any dividends been paid on any of those stocks yesterday, they would have been deposited in my cash account from which I trade. [Footnore: I no long use a margin account because I could not do an instantons profit/loss to the penny as the margin interest always showed up much later. Besides, why should I pay them interest on margin money when I have an abundance of capital in the case account]. The capital gains and dividends are of course as you know, reported differently to me at year’s end.
#128. To: Vicomte13 (#123)
It does not seem possible that you could do short-swing trading if you take physical possession of shares book-registered in your name - that process is entirely too cumbersome to get in and out.
I am jumping all around because I am doing market research at the same time. I think I am good at multi-tasking but that cost me to not make $301 yesterday by not paying closer attention to what I was doing.
#129. To: Gatlin (#128)
The computer continually checks and updates itself. I have faith in it.
#130. To: Vicomte13 (#123)
Finally, you need data feeds of some sort to get the information on which you base your analysis. Full-up Bloomberg terminals cost $15,000 per person per month for the data feed, so obviously you're not doing THAT, but what are you doing? Do you have a subscription service that is providing you the feed? Are you using free online resources?
I use barchart.com. They have different service levels for all needs. The free data provides ALL that I ever need for what I do. I tried to make a donation once, I did not want to or need to subscribe to one of their services. It blew their mind because that obviously had never happened. I finally gave up after 3 or so email exchanges trying to explain that all I wanted to do was to show my gratitude for using their free service.
#131. To: buckeroo (#129)
The computer continually checks and updates itself. I have faith in it.
#132. To: Vicomte13 (#123)
This probably reads like a challenge, because that is the way of LibertysFlame. I promise you that it is not.
#133. To: Gatlin (#131)
(Edited)
#134. To: buckeroo, A K A Stone (#133)
Since you are a high power user making HUGE profits
I am not a high power making HUGE profits. ... you have an obligation to the channel to let us know how you collect the data in order to make buy/sell decisions.
I have no obligation to do shit for you....and I never would. Stone asked me to do this thread, and I am because I like him. Keep you ass off the thread if it holds no interest for you and take your snippy remarks elsewhere.
#135. To: buckeroo (#133)
(Edited)
I use TD Ameritrade software. What do you use?
#136. To: Gatlin (#135)
I use no software....I have a brain and I use it.
#137. To: Gatlin (#125)
I obviously used a misnomer, I should not have used the term “paper gain.” I see the confusion I caused. I should have tried to find a different term. Perhaps this will explain what I meant. The broker’s computer shows in one column the stocks daily gain/loss for the current day (continually updating throughout the day )in one column. In the next column, the computer shows your actual gain/loss updated (als continually updating). Those numbers were only for yesterday. So over a period of say five days, on the fifth day the daily gain fo those stocks may be $1,000....but my gain could show $3,000 (over the 5 day period). I always can see what the stocks are doing overall in any moment of time during the day....as well as I can see what my stocks are doing in that moment of time with a continuing computation.
#138. To: buckeroo (#136)
(Edited)
#139. To: Gatlin (#130)
I am going to have to leave you shortly for a few hours....I will be busy. I only have 3 stocks lined up for today’s buy and I want at least 5 to add to yesterday. I am again building up to 20.
#140. To: Vicomte13 (#137)
#141. To: Gatlin (#138)
#142. To: buckeroo (#126)
You make trading sound complicated.
There is nothing complicated about how I trade. What is the name of the graphical user interface of the trading software you use?
#143. To: Gatlin (#142)
I simply log on the Website, then start monitoring the activity and begin to buy, sell or both.
If this old country boy with only a high school and the highest math course being ninth grade general math can do it....then, anyone who possesses logic and common sense can also do it.
#144. To: buckeroo, A K A Stone (#141)
You are an absolute liar.
#145. To: buckeroo (#143)
I simply log on the Website, then start monitoring the activity and begin to buy, sell or both.
#146. To: Gatlin, A K A Stone (#144)
(Edited)
I trust I have made myself perfectly clear to you.
#147. To: buckeroo (#143)
If this old country boy with only a high school and the highest math course being ninth grade general math can do it....then, anyone who possesses logic and common sense can also do it.
#148. To: buckeroo (#147)
(Edited)
#149. To: Gatlin (#148)
Now, that was really inspiring...you must listen to Jim sing it again.
#150. To: Gatlin (#140)
#151. To: Gatlin (#150)
#152. To: Vicomte13 (#151)
#153. To: Gatlin (#152)
(Edited)
I think you may be getting some wrong ideas from what I am posting any may be mentally formulating some plan for the future.
#154. To: Gatlin (#152)
I always figured if they were any good, they could hire a bunch of people to work directly for them and clean up on making money and forget about selling advice.
#155. To: Vicomte13, gatlin, A K A Stone, VxH, buckeroo (#154)
why are they selling
#156. To: hondo68 (#155)
If these stocks are so wonderful why aren't they holding on to them to keep getting richer?
#157. To: Vicomte13 (#156)
#158. To: hondo68 (#157)
(Edited)
#159. To: All (#158)
(Edited)
Stocks are set for a rebound after Dow plummets 1,000 points, entering correction territory 
Traders work on the floor of the New York Stock Exchange (NYSE) on January 6, 2016 in New York City - Spencer Platt | Getty Images News | Getty Images
#160. To: Gatlin (#85)
But at age 84, I know that I still do enjoy having sex with my wife every day of the year.
#161. To: Tooconservative (#160)
But at age 84, I know that I still do enjoy having sex with my wife every day of the year.
#162. To: A K A Stone (#0)
Response to: Gatlins Stock tips and money advice
I did not mind.
Post Date: 2018-02-05 18:32:47 by A K A Stone
A K A Stone: You wanna get rich? You just might if you follow this advice.
#1. To: Gatlin (#0) Hope you don't mind. A K A Stone posted on 2018-02-05 18:33:23 ET
#2. To: A K A Stone (#1) There is no link to any advice that I can find. Check it ... Gatlin posted on 2018-02-05 18:35:44 ET
#3. To: Gatlin (#2) It is for you to provide the content. A K A Stone posted on 2018-02-05 18:42:59 ET
And I did provide the content.
I hopefully trust you followed the sage “advice.”
If not, it’s never too late …
Tesla Inc (TSLA) – Performance Report
Do the math and see what $10K from you would have increased to in just slightly over three months.
#163. To: A K A Stone, All (#162)
Tesla Inc (TSLA) –
The stock has moved from $250.42 on 10/24/2019 to $901.80 this morning …
and it’s still climbing as I post this.
Do the math and see what …
#164. To: Gatlin (#163)
#165. To: A K A Stone, All (#164)
Well I wish I had invested a long time ago.
Do you think it will crash.
I mean do you really think they are more valuable than Toyota and Ford?
#166. To: Gatlin (#165)
The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.
Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
#167. To: Deckard, All (#166)
(Edited)
This is your God.
28 Biblical passages which explicitly teach there is only one God –
and perhaps you may begin to understand why.
Top • Page Up • Full Thread • Page Down • Bottom/Latest
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]