Yes, I have. I bought a Stockmarket for Dummies book and a Investing for Dummies book. Cuz im a Dummy. I read the Investing one and it was a total waste of money. Common Sense shit. But i looked into Getting my Series 7 license and Series 66 or something like that once. Never followed through. Day Trading also seems like a fun and exciting job to me. I like looking at numbers.
LOL Jim Cramer is a tout
true....i learned early on that they're good for entertainment and general info, but their picks suck! i think people rely on WAY too much information and technical shit.....i seemed to have a pretty good knack for detecting patterns in the dollar stocks by comparing after market/pre market/and opening price and the % changes i was looking for.....i even posted a couple big winners in the finance forum when i was doing it.....but like a DUMBASS i had nothing else going on at the time, and all it takes is 1 or 2 slow months to make a person start acting like an idiot when the bankroll starts shrinking because you're depending on it to pay your bills....i may never have the chance to get into it again considering that one needs to have some type of safety net along with a decent bankroll and the time, but i really feel like i had a chance and i fucked it up.....a friend got me into it in 07 while we were stranded in bum fuck iraq and all other forms of gambling were off limits, i did the mutual funds for a month or 2 but they weren't doing anything for me, so i tried trading on my own, think i only allowed myself $500 or $1,000 to start out with because i didn't want to take the chance of coming home broke......my first big hit was some indian casino no one even heard of, it was the biggest one day gainer in the market on the very day i played it, and thanks to that i became a bit of a legend.....i got another nice hit with etrade during the meltdown, i bailed before it tanked again but a few of my buddies stayed with it because it was a household name.....came back home and once my cds matured i took 5k and toyed with that, i got into beezer homes right before it skyrocketed, but pulled out when it dipped and pocketed a modest gain instead of hanging onto it and making about 500% in just a few months.....i was taking that 5k and using it on one stock, make a couple hundred here, drop a couple hundred there for the most part.....it really seems my biggest weakness was having no exit strategy.....i was always looking to ride the stocks that i felt were about to have a quick 15% or better gain and i never wanted to wait for long because i wasn't confident.....if it didn't do what i wanted in a few hours i hauled ass instead of risking ruin, but at the same time, if i hopped on a stock that went down a few cents, i held it because i was afraid i'd miss the move back up.....i can't remember off the top of my head at getting on a stock that took a straight up nosedive, but there were a few i rode straight into the shitter because i refused to sell for a loss.....there are more stocks i remember identifying that would have been awsome winners if i had only held a little longer.....seems like i had my entry levels down pretty good, but i was clueless on when to sell.....
ah well, there's always honest work
Right On Harrington! Plus when you buy the good companies they pay a dividend. Have them reinvest the div for you. It is called D.R.I.P. Dividend re Investment Program. They buy more stock for you with the div. Bought Ford at $1.96 a share look at it now. Apple at $142.00 look now! GE is another bought at $11.00
Appl and F do not pay Div. They were just good picks. All recommended by Cramer. I go with Cramer's solid picks not his speculative plays.......
I'd like to know the response to this also, as i have significant investments,
but of the more conservative/no risk type, e.g. guaranteed ~ 1%, and an
upside up to about 6% if the market does that well or better.
As for corn, what happens to the corn flakes if the blights of the Book of
Revelation suddenly decsend upon us? ;
