OT: Stock trading | Page 199 | The Boneyard

OT: Stock trading

husky429 said:
No one is a master of trading stocks and if they claim to be, they're lying.

Frankly, for 99% of people going full Boglehead and saving your time is the best option.
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That is by far the best advice on investing ever given on the BY!
 
uconndogs said:
That is by far the best advice on investing ever given on the BY!
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I do enjoy rolling the dice with crypto, individual stocks (used to do options), but I'm well-aware it really isn't the BEST way to go about things. I just keep 10% if my investments or so in my stocks fun fund.

My claim to fame is having bought maybe 5 ethereum for 70 bucks and sold it for 1100 a piece. Haven't beat the market overall since. Some years up, some down. On average about even.
 
Best advice I got was from a friend back in 2020 to look in to ET when it was trading around $4/share.

That has made me a ton of money and is back up to $0.31 quarterly distribution which I dump right back in to more shares.

Best self observed stock for me is BA. I'm at about $129 as my break even for it.
 
husky429 said:
I do enjoy rolling the dice with crypto, individual stocks (used to do options), but I'm well-aware it really isn't the BEST way to go about things. I just keep 10% if my investments or so in my stocks fun fund.

My claim to fame is having bought maybe 5 ethereum for 70 bucks and sold it for 1100 a piece. Haven't beat the market overall since. Some years up, some down. On average about even.
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Rolling the dice is gambling not investing - the bogleheads.
 
husky429 said:
There are about 1000 places you can get information on trading stocks. Go buy a finance textbook. If you're watching or listening to someone (anyone) for individual "stock information," you're doing it wrong. That includes the recommendations on the yard.

No one is a master of trading stocks and if they claim to be, they're lying.

Frankly, for 99% of people going full Boglehead and saving your time is the best option.
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I don’t know what they even teach now. At UConn, as a finance major we had advanced classes on stock, option and commodity valuation. Loads of complicated calculus. That was 1987-88. By the mid-late 90s as electronic trading hit, it was worthless. It really is way more speculative than it ever used to be. It’s been up but it probably shouldn’t be.

Really the only safe play is broader funds over a long time. But where’s the fun in that?
 
rman726 said:
Wallstreetbets. Got over $50k in my account now. Yes, I started with $200k, but that’s not the point.
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Joining Welcome Home GIF
 
I can't remember if anyone on this board was in/touting NNDM a few years ago. 3D industrial printing company in Israel. During pandemic boredom (early 21) I bought a small am't <5k that is worth maybe 1/5 of my near peak buy (& bought some more on way down) - but hanging on for long term as its in a retirement account so no benefit to loss. Currently nasty proxy fight with investment firm that according to company board at least wants to liquidate to get at cash. I think they are both probably right but haven't gotten into weeds.
 
HuskyHawk said:
I don’t know what they even teach now. At UConn, as a finance major we had advanced classes on stock, option and commodity valuation. Loads of complicated calculus. That was 1987-88. By the mid-late 90s as electronic trading hit, it was worthless. It really is way more speculative than it ever used to be. It’s been up but it probably shouldn’t be.

Really the only safe play is broader funds over a long time. But where’s the fun in that?
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I love Wall Street guys who think they are smarter than anyone. None of these jokers are old enough to pick stocks in a high interest rate environment.

They use charts, metrics, and themes. It is all like homeopathic medicine imo.

Count me a fan of index funds and the rational market theory that can only be influenced by psychology.

The market is priced whatever the heard feels it’s worth.
 
JohnFSilver said:
I love Wall Street guys who think they are smarter than anyone. None of these jokers are old enough to pick stocks in a high interest rate environment.

They use charts, metrics, and themes. It is all like homeopathic medicine imo.

Count me a fan of index funds and the rational market theory that can only be influenced by psychology.

The market is priced whatever the heard feels it’s worth.
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Homeopathic medicine was actually the right way to go all along js. Western medicine has made collective fools of itself the past 3.5 years.
 
Dogdeacon said:
Give us a homeopathic medicine stock success story or quit your yapping
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I don’t have a stock story for that industry. Sorry. But at least I haven’t owned Moderna or Pfizer the past year. Unfortunately I own CVS.
 
HuskyHawk said:
I have honestly liquidated almost everything but MSFT, AMZN, APPL and index funds. Stuff is just a bit too crazy right now.
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Almost key word, what are you holding onto?
For me definitely in non-retirement I'm out of most speculative stocks yet still have 2 <1K positions that haven't given up on - likely 2023 losses and I've got holdings in some stupid ARK funds possibly b/c Cathy whatshername still gives a convincing interview ;)
 
HuskyHawk said:
I have honestly liquidated almost everything but MSFT, AMZN, APPL and index funds. Stuff is just a bit too crazy right now.
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You sold the dip?

You may think the economy is in trouble, but Barbie, TayTay and Messi say differently.

We won’t have a read on third-quarter economic growth until late October, but already, forecasts for GDP “are running wild on the upside,” writes Chris Rupkey, chief economist at FwdBonds. “It is looking like a blowout quarter for economic growth.”

 
Jay-Bone said:
You sold the dip?

You may think the economy is in trouble, but Barbie, TayTay and Messi say differently.

We won’t have a read on third-quarter economic growth until late October, but already, forecasts for GDP “are running wild on the upside,” writes Chris Rupkey, chief economist at FwdBonds. “It is looking like a blowout quarter for economic growth.”

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No, sold mostly at highs. There is a reckoning coming. Consumer debt is way beyond what is sustainable, mortgage rates are about to crush the housing market. It’s a house of cards right now. Fed shows no signs of rational behavior and we continue to ignore supply side energy initiatives that would help. Meanwhile, my money market is yielding over 5%.
 
Learn how to sell options, both Calls and Puts. Take advantage of the volatility and premiums in contract prices. That was the most important lesson I learned in investing and have done very well for myself.
 
HuskyHawk said:
No, sold mostly at highs. There is a reckoning coming. Consumer debt is way beyond what is sustainable, mortgage rates are about to crush the housing market. It’s a house of cards right now. Fed shows no signs of rational behavior and we continue to ignore supply side energy initiatives that would help. Meanwhile, my money market is yielding over 5%.
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Stonks only go up. Except when they dip. Thats when you buy.
 
wingsfan055 said:
Learn how to sell options, both Calls and Puts. Take advantage of the volatility and premiums in contract prices. That was the most important lesson I learned in investing and have done very well for myself.
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Finally some rational advice. The rest is posters puffing out their chests thinking they actually know something. If you're not playing the volatility, you're not really playing, you're just gambling. This isn't your grandmother's market.
 
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