Ah, so now I'm lucky. Hey, I'll take a 55% return anytime.
And before you come up with a genius remark like there's only $975 in the account, thats because I cashed in almost all of my stocks
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$18K profit so far
- Thread starter Phil C. McNasty
- Start date
And before you come up with a genius remark like there's only $975 in the account, thats because I cashed in almost all of my stocks
Because that would be stupid. You should only use money you can afford to lose in short-term trading
How about you do what you wanna do, and I'll do what I wanna do.
BTW you still havent posted your investments. Lets see your portfolio for the next few years
Phil, fall is some low level a few years out of internship type, probably fresh from Western U who thinks Bay St walks on water. And they should be the only gatekeepers to the magical world of investment.
The type that can't wait to get back to Earl's to play Charlie Sheen in Wall St.
As I said, short-term trading is not investment, it is gambling. And there is no such things as "money you can afford to lose". Define "afford" first o have something to actually talk about. When I want to gamble, I play poker. When I want to invest, I but low-cost ETF and hold them for decades. What you and Buttler do (with stocks and crypto respectively) is just an alternative to going to a Casino. It is better than Casino in your case (you have expected positive return) and same as Casino in for Buttler (both crypto and casino play have negative expected returns) but calling what you do "investments" is the same as calling sex with an SP by "making love" - it is fun but you do not want to commit your life (or most of you resources) to it.
Except Crypto has been continuously rising over the last several years. So no, expected returns aren't negative. And remember the Stock Market has had numerous crashes, bubbles, drops, volatility and fraud. Crypto might be new but it's achieved steady growth.
Its going to become a new model for 24/7 finance.
I'm in ADA and VeChain for the long term. Not selling. So does that make it an investment?
You pretty much said this already.
Are you gonna post your stock picks, including a screenshot of your portfolio or not??
Or are you just talk tough all day long??
Boy, I am tired of explaining that expected return has nothing to do with realised past return. If your finance professor was not able to explain it to you, either he was a very bad prof or you wee a very bad students. Of course, another alternative is that you have absolutely no finance education
.Of course, what else can I expect from this discussion - when there is no arguments for the main topic of disagreement you go for personificational conjections. Nice "financial exhibitionism" from both of you - it was entertaining but become boring.Thats what I was thinking too
Are you gonna post your stock picks, including a screenshot of your portfolio or not??
Or are you just going to talk tough all day long??
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He is starting to remind me of the the Frat Boy from Good Will Hunting Regurgitating whatever his profs tought him. But he can't think outside the box. Its fine. You are up. I'm up and expecting a nice price boost in the fall when smart contracts come in.
And he will continue to take orders, try to sell whatever his bosses tell him to, and think he is a key player.
I'm still waiting for him to post his portfolio, which of course we all know he never will........LOL
U-man.
You have not shown us your vast fortune in REITs and bank stocks yet.
I would say all investment has some degree of speculation since the outcome is not sure and you may come out with a gain or loss. For people like Unemployed Man it is pure gambling as he can not back his speculation with hard facts. He is counting on a quick recovery so that oil stocks, AirB&B and airline stocks will come roaring back.
My method of investing is a calculated risk which I can and do apply to long, medium and short term stock buys. Even the short and very short term stock buys are an investment in my opinion and not gambling if you apply skill and logic to the endeavor. Technical analysis of stock is a search for a combination of conditions to occur so that you can take advantage of the desired effect or avoid the undesirable effects of the stock market. Why not take advantage of all opportunities?
Here is a short list of stocks that I believe will pay short term.
Denison Mines Corp. (DML.TO)
Filo Mining Corp. (FIL.V)
Spartan Delta Corp. (SDE.V)
GoGold Resources Inc. (GGD.TO)
Tidewater Midstream and Infrastructure (TWM.TO)
Almonty Industries Inc. (AII.TO)
Bonterra Resources Inc. (BTR.V)
Yangarra Resources Ltd. (YGR.TO)
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The way I am thinking about individual stock picking is as follows. Assume I do the analysis and decide that a certain stock is a good buy. I then step back and ask myself: am I right? And by "right" I assume "on average", not "certainly". To answer this question, it is not enough just to go over all the arguments again (or even look for a new data). You need to ask yourself a question: am I right based on what I do not know? To answer this question, I use the following simple logic:
1) I am not a professional and have limited resources to investigate the stock
2) There are many investment firms that have much more manpower and resources than I have
Now, it is more likely for them to be right than for me. If big players though that the stock was good, they would have bought it already and the price would have went up. The fact that it does not happen means that they do not think it is a good buy at current price. Since I believe them more than myself (as any rational person should), most likely, the result of my analysis is wrong.
Alternatively, you can think about this in a "winner's curse" scenario. Assume many people investigate the value of a stock. Assume the the value is $100. There is a volatility on value investigation: some may think it is $80, some may think it is $120. Now, assume the stock price is $100 but your investigation resulted in an estimated value of $120. What is more likely: the stock is undervalued or you are just among the people on the upper spectrum of the distribution?
And a special note for Phil-the-financial-exhibitionist: unlike yourself, I do not expose my financials to the world. Like I said, my stock pick and investment strategy s simple: buy low-fee market ETF like VCN.TO. Buy it when you have extra money, sell it when you need extra money. To save on trading costs, never buy or sell less than $15K worth. How much I make so far - I have no idea. I do not track my gains and losses as my current portfolio include buys at different times at different prices. But percentage return can easily be found by searching for the price online (just add the dividend yield).
And, for the Butler again (I am surprised how you went through school if you cannot understand a simple thing as I told you many times already): whether you make right or wrong decision is determined at the time you make the decision based on the information available at that time. The result of your decision (how much you actually won or lost) is just one realisation of the random variable that you have chosen by your past decision: it tells nothing about your expected return or its risk and it is mostly influenced by luck. It is like in poker when you call an all-in with only a gutshot draw and the turn gave you a straight: yes, you won a lot of money in that hand, but you made the wrong decision when you called.
1) I am not a professional and have limited resources to investigate the stock
2) There are many investment firms that have much more manpower and resources than I have
Now, it is more likely for them to be right than for me. If big players though that the stock was good, they would have bought it already and the price would have went up. The fact that it does not happen means that they do not think it is a good buy at current price. Since I believe them more than myself (as any rational person should), most likely, the result of my analysis is wrong.
Alternatively, you can think about this in a "winner's curse" scenario. Assume many people investigate the value of a stock. Assume the the value is $100. There is a volatility on value investigation: some may think it is $80, some may think it is $120. Now, assume the stock price is $100 but your investigation resulted in an estimated value of $120. What is more likely: the stock is undervalued or you are just among the people on the upper spectrum of the distribution?
And a special note for Phil-the-financial-exhibitionist: unlike yourself, I do not expose my financials to the world. Like I said, my stock pick and investment strategy s simple: buy low-fee market ETF like VCN.TO. Buy it when you have extra money, sell it when you need extra money. To save on trading costs, never buy or sell less than $15K worth. How much I make so far - I have no idea. I do not track my gains and losses as my current portfolio include buys at different times at different prices. But percentage return can easily be found by searching for the price online (just add the dividend yield).
And, for the Butler again (I am surprised how you went through school if you cannot understand a simple thing as I told you many times already): whether you make right or wrong decision is determined at the time you make the decision based on the information available at that time. The result of your decision (how much you actually won or lost) is just one realisation of the random variable that you have chosen by your past decision: it tells nothing about your expected return or its risk and it is mostly influenced by luck. It is like in poker when you call an all-in with only a gutshot draw and the turn gave you a straight: yes, you won a lot of money in that hand, but you made the wrong decision when you called.
LOL. I am not the one claiming any "mad investment skills" and publishing bank statement. I very much like my anonymity, than you very much. And believe me, my statements are boring. But you, on the other and, like to publish your financial success in stock picking and, at the same time, saying that you do not follow your own advice and your financial success is just in "game money" while your real money is somewhere else, and not only you "draw the line" between publishing "game" and "real" money investment, but you do not even want to say exactly how you manage your real money investment. Phil-the-exhibitionist, you got called with your pants down and your dick is tiny. Now, get Butler and go play your child games together. I suggest a game "who can make his dick larger in under 30 seconds with no hands"
Phil C.,
Not only are you a financial exhibitionist, you are a financial voyeur. Just because you show us yours, does not mean others are as insecure as you to show their financial statements for all to see as you do. BTW- I do not believe that what you have shown is a small fraction of your vast fortune, I believe that is the total amount of your life savings. Rather than show your financial statements, why don't you show us your abilities. ( or lack of same ) I can pick stocks that have windows of opportunity that pay from 2% to 5% and more, every day. Below are my picks from this week end and the windows of opportunity for each stock, today. Not only do you have to pick the right stock, but you have to know when to buy and when to sell to get the maximum yield.
Denison Mines Corp. (DML.TO) 4.19%
Filo Mining Corp. (FIL.V) 2.10%
Spartan Delta Corp. (SDE.V) 3.02%
GoGold Resources Inc. (GGD.TO) 3.3%
Tidewater Midstream and Infrastructure (TWM.TO) 2.32%
Almonty Industries Inc. (AII.TO) -.--
Bonterra Resources Inc. (BTR.V) 3.44%
Yangarra Resources Ltd. (YGR.TO) 2.27%
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