So how has trading been for you guys the last year? I started trading stocks about a half year ago.
> stocks seems cool
> read alot about it, books etc
> learn about TA
> try stockwars for a month
> holy shit 14% gains
> continue reading, learning, honing my skills
> investing a relatively small sum of my capital
> buying trends in the bottom
> they continue the plummit
> currently down 50% since started
>stocks seem cool
>read biz and mathematical finance
>realize there's no point in doing retail beyond index/retirement plan
>focus on self-development
>salary returns up 25% last year
>looking at 30-35% increase this year
>not wasting shitloads of time watching market
It's been *okay*. Not the most exciting, but I like what I do day to day.
>TFW trading can't give regular gains and is a losing game.
Grahams 3 elements to investing:
-you must thoroughly analyse a company and its underlying business before buying stock
-You must deliberately protect yourself against serious losses
-You must aspire to adequate, not extraordinary performance
Trading breaks the last rule. The only reason you would ever trade is to get somewhere faster than long term investing but from The Intelligent Investor:
To see why temporarily high returns do not prove anything, imagine that 2 places are 130 miles apart. If I drive at 65MPH it will take me 2 hours to travel between the two places. But if I drive at 130MPH I will get there in 1 hour. If I try this and survive am I "Right"? Should you be tempted to try it too because it "Worked"? Flashy gimmicks for beating the market are much the same: In short streaks, so long as your luck holds out they work. Over time, they will get you killed.
If you're so afraid about losing money, you should've stuck to paper-trading for at least another year. You shouldn't be fucking surprised that stocks go up AND DOWN.
Use it to your advantage. Buy cheap shares now, or short $SPY / any other related ETF if you think the market will continue to plummet.
That's what happens when you invest in a market with collapsing startups faggot. Get a fucking education or learn to read the market as a whole. Or be exceptional like me and make extremely profitable short term trades. Less risk.
Thought a decent strategy was to buy a stock when it hit bottom in a trendchannel. Yet everytime i did it (volume decreasing), the stock kept falling, and my stoplimit got me out of the trade. Had my stoplimits at 10%.
>graduate college and begin saving
>read up on investing, do my own research, form simple strategy
>finally open roth in April 2015, max it for current and previous year and start dumping money from every check into taxable account
>some initial profit, get excited, reposition a bit
>put in additional 20k in July
>markets basically non-stop shitting since, bull market over, sideways/down for the rest of the year
>tfw not born 5 years earlier
I haven't even logged into my brokerage account for 2 months.
I've been trading for almost six years. This is the slowest year I've ever had, but still a solid six figure profit.
Personally, I'm excited to see this world wide market correction. IMHO Fang has been doing all the heavy lifting this year and almost everything has been heavily overvalued.
I have absolutely no doubt.
Nikkei is going down.
New Zealand is going down.
China is all setup to drop 15% in moments before it gets halted again, even though they said they would let it ride today.
China all setup to do another shady currency trick right before our markets open.
As we speak Obama is doing his staged "town hall" to bark about gun control.
We may taste the dirt below DOW 16,000 tomorrow.
I'M JACKED TO THE TITS!
buy power ball tickets instead.
buying one ticket gets you a single chance at winraring 700 million..
for the low low price of 2 more dollars, you can DOUBLE your chances of wining 700 million...
instant 100% return on chances for 2 dollars!
>China is all setup to drop 15% in moments before it gets halted again
shanghai composite is up 1.45% as I type this.
us futures are positive.
i'm gonna call a dow up 100 at opening and ending the day up 200-300.
Yuhp, you're probably right. Looks like I was wrong, but they DID fux with the Yuan.
I should have known they wouldn't go raw dog without an ace up their sleeve.
Dow rally 400 points tomorrow and land 300ish.
The lesson I learned today is:
If it sounds like someone is intentionally setting themselves up for a crash, they've an ace up their sleeve.
IMHO after the initial rapid decline a moment after the open; a buy-bot with a 60 billion dollar budget was deployed to soak up the panic. An artificial floor was put into place at great cost to some dirty commies. But that's just my opinion, and I'm a paranoid motherfucker.