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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza

A place to talk about investing stuff.

Last edited by DaFace; 02-19-2021 at 06:35 PM..
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Old 03-21-2017, 07:56 AM   #811
scho63 scho63 is offline
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Originally Posted by wutamess View Post
How often does something like this happen for you?
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Originally Posted by Amnorix View Post
And how often does it go the other way?

Seems super dangerous, tbh. Think I'll stick to boring and safe (relatively speaking).

I have about a 34% win ratio. While that seems really low, in the options market you may put up $1,000 and get back $7,500.

If you keep you initial investment at the same level all the time, you can do pretty well.

Where people, including me get in trouble is that we risk $1,000 on a few trades, make a few thousand, feel cocky and then make a real risky bet with like $4,000 and lose it all.

Discipline is paramount

Since 2009 I'm in the hole about $12,000
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Old 03-21-2017, 08:57 AM   #812
JohnnyHammersticks JohnnyHammersticks is online now
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Anyone know any good Bitcoin/Crypto currency-related potential moon shots? HIGHLY speculative, but they could explode if things go the right way. I'm looking at $BITCF right now. Don't even know if it's a legit company yet. Trading at $0.06 OTC currently.
Talked myself out of this one after reading their filings. Still don't know if $BITCF is a legit company, but the ****ing thing is up to $0.15 now. Could've made 150% in less than 2 weeks...
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Old 03-22-2017, 08:44 AM   #813
JohnnyHammersticks JohnnyHammersticks is online now
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Talked myself out of this one after reading their filings. Still don't know if $BITCF is a legit company, but the ****ing thing is up to $0.15 now. Could've made 150% in less than 2 weeks...
Now it's at $0.27
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Old 03-22-2017, 04:22 PM   #814
FD FD is offline
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Originally Posted by scho63 View Post
I have about a 34% win ratio. While that seems really low, in the options market you may put up $1,000 and get back $7,500.

If you keep you initial investment at the same level all the time, you can do pretty well.

Where people, including me get in trouble is that we risk $1,000 on a few trades, make a few thousand, feel cocky and then make a real risky bet with like $4,000 and lose it all.

Discipline is paramount

Since 2009 I'm in the hole about $12,000
I must be reading this wrong, it seems essentially impossible to have lost money in the stock market going back to 2009. $10,000 put into the S&P average in 2009 is worth about $35,000 today.
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Old 03-22-2017, 05:05 PM   #815
Rain Man Rain Man is offline
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Originally Posted by JohnnyHammersticks View Post
Now it's at $0.27
No worries. You can buy it in a couple of weeks when it's back at $0.15.
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Old 03-22-2017, 05:15 PM   #816
ChiefaRoo ChiefaRoo is offline
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Old 03-22-2017, 08:40 PM   #817
scho63 scho63 is offline
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Originally Posted by FD View Post
I must be reading this wrong, it seems essentially impossible to have lost money in the stock market going back to 2009. $10,000 put into the S&P average in 2009 is worth about $35,000 today.
Have you ever heard of the word "gambling"?
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Old 03-23-2017, 07:24 AM   #818
ChiliConCarnage ChiliConCarnage is offline
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Originally Posted by scho63 View Post
Have you ever heard of the word "gambling"?
I think it's pretty commendable admitting your down since 2009.
Those screenshots have that handy 2 roundtrips to PDT threshold warning message at the bottom for a reason and it's not because most people who try to day trade succeed.

In other news, Settlement is moving to T+2 in September so that's nice. Tonight is the House decision on Republicare or whatever the hell it is.. should cause some action

Spoiler!
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Old 03-23-2017, 12:13 PM   #819
FD FD is offline
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Originally Posted by scho63 View Post
Have you ever heard of the word "gambling"?
Personally, I play craps.

On a more serious note, though, you should really stop "gambling" on stocks and throwing your money away since you seem terrible at it. And you should definitely stop posting financial advice for others, and probably stop posting altogether.
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Old 03-23-2017, 06:59 PM   #820
Abba-Dabba Abba-Dabba is offline
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Originally Posted by FD View Post
Personally, I play craps.

On a more serious note, though, you should really stop "gambling" on stocks and throwing your money away since you seem terrible at it. And you should definitely stop posting financial advice for others, and probably stop posting altogether.
Oh my. Have you ever traded options?
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Old 03-23-2017, 07:01 PM   #821
Abba-Dabba Abba-Dabba is offline
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Don't worry about the money you didn't make. I scoped out NVDA 6 months ago and didn't put in a dime. Dumb. Have to move on.

I try to stay away from long options as much as I can. I am not a big fan of having a significant amount of money tied up for a long period of time without a dividend. Having said that, they definitely have there place to make money. Been looking long call options on MU at 25 but have not pulled the trigger.
Oh boy!
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Old 03-23-2017, 07:03 PM   #822
lewdog lewdog is offline
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Originally Posted by FD View Post
Personally, I play craps.

On a more serious note, though, you should really stop "gambling" on stocks and throwing your money away since you seem terrible at it. And you should definitely stop posting financial advice for others, and probably stop posting altogether.
That's terrible reasoning.

He has other investments and this is his "play" money. You won't always be a winner and I am sure he's learning from his mistakes. If you don't want the risk, don't do it, that's my choice. But I understand options stock trading (thanks Scho!) and why some do it.
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Old 03-23-2017, 07:29 PM   #823
O.city O.city is offline
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Is it worth it for me to max out an IRA for the wife and I or could I get better returns elsewhere?
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Old 03-23-2017, 07:33 PM   #824
Buehler445 Buehler445 is offline
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Is it worth it for me to max out an IRA for the wife and I or could I get better returns elsewhere?
Depends on what your returns are. But if you're SE, a Roth is probably a better option. If there is a chance you might need the money I'd keep it out into some other mutual fund.
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Old 03-23-2017, 08:02 PM   #825
DaFace DaFace is offline
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Is it worth it for me to max out an IRA for the wife and I or could I get better returns elsewhere?
In terms of RETURNS, you can do basically the same thing with an IRA as you can with any other brokerage account, plus you get the tax benefits. So unless you're considering something outside of stocks and bonds, an IRA is pretty much always better than a brokerage account.

As Buehler said, the key is whether you need access to the money after you put it in. IRAs are meant to be a permanent deal, so you won't get to pull it out until you retire unless you want to pay penalties (though you can pull out Roth CONTRIBUTIONS early without penalty).
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