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so much for the "January Effect"

From Zero said:
Dude, no.

This is his shortest thread ever.

If he keeps going like this, maybe he won't post anymore.
Click to expand...

lol...It was a good teaser post though. I'm intrigued.
 
Are you talking about newbies in the gym or the price of Crude oil ?
 
Devastation said:
neither but the latter is closer than the former
Click to expand...

U.S. stocks losing ground after the year-end rally ?
 
Anthrax said:
U.S. stocks losing ground after the year-end rally ?
Click to expand...


Over the last 34 years, the Dow (^DJI - News) has risen on average by 2 percent in January, the Nasdaq (NasdaqSC:^IXIC - News) by 3.9 percent, and the S&P 500 (CBOE:^SPX - News) by 1.9 percent



lol, it's a bit premature to say there is no january effect this year after the first day of trading
 
bran987 said:
there ya go, somebody finally got the joke
Click to expand...

Bran is a funny guy
I love his jokes ;)

BTW, gentlemen, 2005 = good year for the markets ?
 
Anthrax said:
Bran is a funny guy
I love his jokes ;)

BTW, gentlemen, 2005 = good year for the markets ?
Click to expand...


every year can be a good year depending on which side of the transaction you are on
 
Devastation said:
every year can be a good year depending on which side of the transaction you are on
Click to expand...

Short selling is too much of a risk (for me) if you can't spend enough time watching the markets
 
Anthrax said:
Short selling is too much of a risk (for me) if you can't spend enough time watching the markets
Click to expand...
that's very smart anthrax :)
if you want a safer way to profit from market downturns without the "infinite" risk of short selling, you could buy "puts" on the underlying securities instead, thus limiting your downside to your initial investment as is the case with long positions.
 
bran987 said:
that's very smart anthrax :)
if you want a safer way to profit from market downturns without the "infinite" risk of short selling, you could buy "puts" on the underlying securities instead, thus limiting your downside to your initial investment as is the case with long positions.
Click to expand...

For what I've noticed :

Either you follow the advice from web sites, magazines, etc and most of the time you're just too late
or you try to find the good deals by yourself and it takes A LOT of time and dedication

I miss so much the end of the 90ies where you have to pick any IT stocks to make +10% every day ;)
 
Anthrax said:
For what I've noticed :

Either you follow the advice from web sites, magazines, etc and most of the time you're just too late
or you try to find the good deals by yourself and it takes A LOT of time and dedication

I miss so much the end of the 90ies where you have to pick any IT stocks to make +10% every day ;)
Click to expand...
well, for the most part you are right. I'm of the opinion that people who are trying to create their fortune through stocks are in for a rough surprise. There is simply no way to go from $10,000 to $1,000,000 in stocks without waiting your whole life. The same goes for buying houses or buildings and renting them out.

All these things are wealth preservation tools, they will earn you a normal rate of return on your money, somewhere between 6-12% over the long term. To actually become wealthy before you are over the hill or justp lain old, you have to be able to create the money some other way, either by having an extremely high paying job (hmm... did I just see someone walking on the sky, matt?) or by creating/owning a business and building it to an enterprise worth millions.
 
The early employess of Microsoft, ebay, cisco, Amazon and others who received a couple of stock options don't need to go to Costco to save a few $ either
 
Anthrax said:
The early employess of Microsoft, ebay, cisco, Amazon and others who received a couple of stock options don't need to go to Costco to save a few $ either
Click to expand...
but the employees who worked for low pay and lots of stock options at the thousands of dot com companies that went bust do have to shop Costco :)
There are exceptions to every rule right?
 
Anthrax said:
The early employess of Microsoft, ebay, cisco, Amazon and others who received a couple of stock options don't need to go to Costco to save a few $ either
Click to expand...
I would also just like to say I hate lucky people who happened to work at companies like these.

and people who win the lottery I Hate them too.
 
bran987 said:
I would also just like to say I hate lucky people who happened to work at companies like these.
Click to expand...

That's not always luck

You may leave a confortable job to join a startup with the hope of IPO and big bucks
 
I made about $1900 by 10:30 this morning. Then I lost about $1400 of it by the end of the day. lol.... ehh... at least it's not a down day.
 
Anthrax said:
That's not always luck

You may leave a confortable job to join a startup with the hope of IPO and big bucks
Click to expand...
you are stuck in the year 2000 my friend! But anyway, that's not really "investing" in stocks anyway. If you have the talent to "predict" which companies will one day IPO and rocket upwards that is as much "talent" as being able to build the company yourself in my opinion, so you deserve the money.
 
bran987 said:
you are stuck in the year 2000 my friend! But anyway, that's not really "investing" in stocks anyway. If you have the talent to "predict" which companies will one day IPO and rocket upwards that is as much "talent" as being able to build the company yourself in my opinion, so you deserve the money.
Click to expand...
Google was the first big post buble IPO

Others will follow

VC have $ to invest
 
gonelifting said:
I made about $1900 by 10:30 this morning. Then I lost about $1400 of it by the end of the day. lol.... ehh... at least it's not a down day.
Click to expand...
you daytrade at home while your wife goes to work?
lmao man I really have even more to learn from you than I previously thought!
 
Anthrax said:
Google was the first big post buble IPO

Others will follow

VC have $ to invest
Click to expand...
actually it was one of the largest IPO's in history (maybe #1)
anyway they only have 1,500 employees.
you really don't think those secretaries working at Microsoft in 1983 were lucky? you think they knew it would be the biggest company in the world someday? I don't.
 
No.

I just buy and sell, whenever... not really a job. When I have time, I can devote more concentration to it. I get by. Just a cash account, long positions.
 
bran987 said:
you really don't think those secretaries working at Microsoft in 1983 were lucky? you think they knew it would be the biggest company in the world someday? I don't.
Click to expand...

Neither do I

But I've no problem with them driving a Ferrari now

some win the lottery
Some inherit fortunes
Some use not so legal "jobs"
some sleep with the Boss
Some just have nice tits and ass

I'm more concerned about my boss not figuring out how much valuable I'm ;)
 
Anthrax said:
Short selling is too much of a risk (for me) if you can't spend enough time watching the markets
Click to expand...

why not use a "stop"???
im better at shorting dont nkow why..i actually look at all my charts upside down this way my brain will look for a sell and it may actually be a buy..
 
bran987 said:
well, for the most part you are right. I'm of the opinion that people who are trying to create their fortune through stocks are in for a rough surprise. There is simply no way to go from $10,000 to $1,000,000 in stocks without waiting your whole life. The same goes for buying houses or buildings and renting them out.

All these things are wealth preservation tools, they will earn you a normal rate of return on your money, somewhere between 6-12% over the long term. To actually become wealthy before you are over the hill or justp lain old, you have to be able to create the money some other way, either by having an extremely high paying job (hmm... did I just see someone walking on the sky, matt?) or by creating/owning a business and building it to an enterprise worth millions.
Click to expand...

you must be crazy 1,000,000 over a life time...... guess if you don't know what you are doing yeah, i personally know 2 people that are up over 40,000% over the past 2 yrs, the most insane i've seen was 500 to 1.2 million over 8 months lol...... trading stocks like HOFF, UCSY, and RSTG makes it real easy :)
 
this thread got mauled from the get go. Funny but lets talk about the real January effect fellas...

Do those new years resolutions really work?
 
kunta said:
you must be crazy 1,000,000 over a life time...... guess if you don't know what you are doing yeah, i personally know 2 people that are up over 40,000% over the past 2 yrs, the most insane i've seen was 500 to 1.2 million over 8 months lol...... trading stocks like HOFF, UCSY, and RSTG makes it real easy :)
Click to expand...
I assume you are talking about professional traders who work in firms that don't have the same constrictions as normal people such as waiting for an uptick to short sell, can use 200 to 1 leverage, etc. etc. etc... like I said there are exceptions to every rule. And even those traders usually only make enough money to make a normal living. The last 2 years have been good for the market.

If you give 1,000,000 people $500 and tell them to use enough leverage to turn that into $1,000,000 in 2 years I guarantee you over 999,990 of those people will fail within a month. you guys totally missed the point of what I was saying anyway lol, and honestly if you are one of the types who tells people trading microcap stocks makes becoming wealthy easy you must be brainwashed by someone. unless you are jewish and in that case you control the stock market anyway so you can make it go up or down whenever you want.
 
gonelifting said:
No.

I just buy and sell, whenever... not really a job. When I have time, I can devote more concentration to it. I get by. Just a cash account, long positions.
Click to expand...
I was just joking anyway. You are the Hall Monitor, you can do whatever you want!
 
bran987 said:
I assume you are talking about professional traders who work in firms that don't have the same constrictions as normal people such as waiting for an uptick to short sell, can use 200 to 1 leverage, etc. etc. etc... like I said there are exceptions to every rule. And even those traders usually only make enough money to make a normal living. The last 2 years have been good for the market.

If you give 1,000,000 people $500 and tell them to use enough leverage to turn that into $1,000,000 in 2 years I guarantee you over 999,990 of those people will fail within a month. you guys totally missed the point of what I was saying anyway lol, and honestly if you are one of the types who tells people trading microcap stocks makes becoming wealthy easy you must be brainwashed by someone. unless you are jewish and in that case you control the stock market anyway so you can make it go up or down whenever you want.
Click to expand...

Nope no professional traders at firms... just avg joes trading at home, no to normal leverage(2:1 margin). Avg trader I know pulls in around 150k after taxes. I guess i must be brain washed I'm only up only a little over 2k today lol.
 
kunta said:
Nope no professional traders at firms... just avg joes trading at home, no to normal leverage(2:1 margin). Avg trader I know pulls in around 150k after taxes. I guess i must be brain washed I'm only up only a little over 2k today lol.
Click to expand...
well more power to you, all I know is $500 into a million is like 40% per month return every month for 2 years and that's without paying taxes and having ZERO down months, just sounds like bullshit honestly. I read books about the greatest traders to ever live and nobody even comes close to claiming those kinds of numbers kunta. 40% per year would put you like in the hall of fame forever so 40% per month heh. but yeah 2,000 per day well that's great man like I said more power to ya.
:mix:
 
bran987 said:
well more power to you, all I know is $500 into a million is like 40% per month return every month for 2 years and that's without paying taxes and having ZERO down months, just sounds like bullshit honestly. I read books about the greatest traders to ever live and nobody even comes close to claiming those kinds of numbers kunta. 40% per year would put you like in the hall of fame forever so 40% per month heh. but yeah 2,000 per day well that's great man like I said more power to ya.
:mix:
Click to expand...

Well 500 or 1000 into a million over 2 yrs is not too hard(1 yr yes), the hard part is getting that 500 or 1000 into the range where you can do start making a living off of the money (5-10k) you forget once you get past that hump its a snowball effect and the cash starts rolling.

Heres a tip EDVO.....looking for 2+ by monday:)
 
kunta said:
Well 500 or 1000 into a million over 2 yrs is not too hard(1 yr yes), the hard part is getting that 500 or 1000 into the range where you can do start making a living off of the money (5-10k) you forget once you get past that hump its a snowball effect and the cash starts rolling.

Heres a tip EDVO.....looking for 2+ by monday:)
Click to expand...

how many years have you been trading?
 
kunta said:
since around 98
Click to expand...
6 years..
and ok turning $1,000 into a million in 2 years is easy? so... that's multiplying your money by 1,000 times in 2 years..

so multiplying it by 10 or 100 times in the past 4 years should be a cinch so you have at least $10 million probably more like $100 million by now?

you see what I mean?


doesn't seem to add up
 
well thats the general distortion that the public has, the lower your capital the easier it is to make higher % gains, but as a trader if you already have 1 million you don't have to make 1000% a yr to live comfortably, only 10-20% min which isn't hard to do with that capital on a consistent basis.
 
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