Talking stocks, trading, and investing in general

NameBack · Jan 7, 2012

Reevolving said:
How are you getting "slaughtered" if the stock is only down 3/10% from your buy price?
(Nice entry point, by the way. Highest print of the day)
Just how much leverage are you using?
I am wondering how long you will tread water until you little $10k basement trading model slowly grinds itself to 50% losses.

Well, fair point we're only down about 0.45% on this position. It's not really "slaughter."

I have a tendency to overstate our bad positions. We also have two more trading days before we close the position, so it could easily turn positive for us.

Also, **** you.

Saltricks · Jan 7, 2012

lol, I don't understand why reevolving is being so aggressively trollish on this thread. Probably trying to boost up SF traffic somehow.

Reevolving · Jan 7, 2012

I'm just calling it as I see it. He's a newbie who thinks he's got some system. I have seen this 100's of times in my decades of trading.

legorogel · Jan 8, 2012

Reevolving said:
I'm just calling it as I see it. He's a newbie who thinks he's got some system. I have seen this 100's of times in my decades of trading.

i don't judge people, but your annyoing. nevertheless pls share your forex wisdoms with us.

NameBack · Jan 8, 2012

Reevolving said:
I'm just calling it as I see it. He's a newbie who thinks he's got some system. I have seen this 100's of times in my decades of trading.

Hey, I've always maintained that we have a perfectly plausible chance of failure -- I'm not an idiot. But when you have great backtesting -- why not try it out in the markets and see if it works? Worst outcome, you lose the cash you put in, best outcome, you make a lot of money. Therefore, put in what you can afford to lose and see what happens. It's a simple calculation. What's your counter-advice? Don't bother and just invest in index funds?

ettebe · Jan 8, 2012

I got slaughtered in the past few months, lost about 28% of my portfolio

All I can hope 2012 will be a better year. Some of the stocks I do hold, have some really great potential (seeing they are sitting on some nice resources). The whole market is in shambles, I did have a nice day once last week though. One of my shares was up around 20%. I just hope silver does better in 2012, I might start buying more bars.

CYstyle · Jan 8, 2012

NameBack said:
Reevolving said:

I'm just calling it as I see it. He's a newbie who thinks he's got some system. I have seen this 100's of times in my decades of trading.

Click to expand...

Hey, I've always maintained that we have a perfectly plausible chance of failure -- I'm not an idiot. But when you have great backtesting -- why not try it out in the markets and see if it works? Worst outcome, you lose the cash you put in, best outcome, you make a lot of money. Therefore, put in what you can afford to lose and see what happens. It's a simple calculation. What's your counter-advice? Don't bother and just invest in index funds?

only way to learn is through first hand experience with real money. If you fail and lose money, learn from it, make tweaks and try again.

Jorgeezy · Jan 8, 2012

This thread makes me want to throw some money at it (an affordable amount, I fully expect it to not go so great my first time)

Can anyone recommend any online resources that would be good to read beforehand?

NameBack · Jan 8, 2012

CYstyle said:
only way to learn is through first hand experience with real money. If you fail and lose money, learn from it, make tweaks and try again.

Exactly

itsstillmatt · Jan 8, 2012

There is some lol worthy stuff in here. Reevolving may be a dick (dunno, no experience with him) but he is talking the truth. For christ's sake, look at the expert takes on the day the S&P made its low of the move. Don't buy anything!!! Evacuate!!! Jump!!! Not saying nameback is dumb, because he isn't, but as re-e said, anybody who has been in this business long enough has seen a lot of great models built for yesterday.

idfnl · Jan 8, 2012

ettebe said:
I got slaughtered in the past few months, lost about 28% of my portfolio

All I can hope 2012 will be a better year. Some of the stocks I do hold, have some really great potential (seeing they are sitting on some nice resources). The whole market is in shambles, I did have a nice day once last week though. One of my shares was up around 20%. I just hope silver does better in 2012, I might start buying more bars.

Keep in mind that its not a loss until you actually sell it. If you sold it learn from where you went wrong. If you are still holding it then either believe in the investment and wait it out or cut your losses and move on.

I just ate **** with GRPN, ******* dog **** stock, lost $10 a share. I could have sat it out but I've lost faith in it and expect it to be a $7 stock come July.

idfnl · Jan 8, 2012

Jorgeezy said:
This thread makes me want to throw some money at it (an affordable amount, I fully expect it to not go so great my first time)

Can anyone recommend any online resources that would be good to read beforehand?

There are a million different contradictory sources. If you are a noob, I'd suggest starting with Mad Money and listen to Cramer for a while. He is bullish on WAY too many stocks IMO but has excellent perspective and is generally pretty rational.

IMO, trust what you know, the industries you know, the products you use, places you eat, shop and resources you use. They are usually indicators of what others are also using and whats investable.

ettebe · Jan 8, 2012

idfnl said:
Quote:
My bad, should have said "down" now "lost". I do believe in all the stocks I have in my portfolio. Some of them will put Quebec back on the map for resources.

idfnl · Jan 8, 2012

ettebe said:
My bad, should have said "down" now "lost". I do believe in all the stocks I have in my portfolio. Some of them will put Quebec back on the map for resources.

Oh ****, the sirens are going off. You're not investing everything in one segment and banking on it to win are you?

You better rethink that or have a very solid hedging strategy.

ettebe · Jan 8, 2012

Quote:

idfnl said:
Quote:
Different sectors. Some in financial, some others in resources and others in future tech. I don't see why people, would keep their eggs in one basket.

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