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Bro, I have seriously lost in ALL in the stock market twice. Do NOT invest your future in risk.
Stock Market Guru's
- Thread starter Raptorex
- Start date
digimon7068
New member
there are no "stock market guru's". . .that is all. . .enjoy the ride. . .
SofaGeorge
New member
1. Consolodation instead of diversification. I knew EVERYTHING about the stock, product, and company... and it was a sure thing mega hit... so I completely consolodated my portfolio.
2. Margin - I knew how great a winner it was so I went out on margin to maximize profits
3. Risk stock ... both times the stock would be considered a "risk" as it was a new type of product launched
4. I bet against the shorts. Never do this. Shorts always win.
Basically, I lost it all on a "sure thing" twice.
The funny part is I was 100% correct about how good the products were. They were revolutionary and ended up changing the industry... but not until after both companies went bankrupt.
2. Margin - I knew how great a winner it was so I went out on margin to maximize profits
3. Risk stock ... both times the stock would be considered a "risk" as it was a new type of product launched
4. I bet against the shorts. Never do this. Shorts always win.
Basically, I lost it all on a "sure thing" twice.
The funny part is I was 100% correct about how good the products were. They were revolutionary and ended up changing the industry... but not until after both companies went bankrupt.
gotmilk
New member
SofaGeorge said:
Never buy what you cannot pay for immediately. Margin calls suck.
Not quite true. Taser is a company that made me an ungodly amount of money. I was in below $10 and rode the 3 for 1 split into their short covering. Shorts who are jumping on shitty companies always win. Shorts gambling on a company that is producing revenue and profits always get hammered at some point.
Raptorex
New member
Good advice George, I will try to remember it as I go forward - thanks for sharing.
Gotmilk - thanks also for your insights.
We should get this moved to the Investment forum and share more ideas.
Gotmilk - thanks also for your insights.
We should get this moved to the Investment forum and share more ideas.
SofaGeorge said:1. Consolodation instead of diversification. I knew EVERYTHING about the stock, product, and company... and it was a sure thing mega hit... so I completely consolodated my portfolio.
2. Margin - I knew how great a winner it was so I went out on margin to maximize profits
3. Risk stock ... both times the stock would be considered a "risk" as it was a new type of product launched
4. I bet against the shorts. Never do this. Shorts always win.
Basically, I lost it all on a "sure thing" twice.
The funny part is I was 100% correct about how good the products were. They were revolutionary and ended up changing the industry... but not until after both companies went bankrupt.
Remember that 91% of your performance in the market is going to be based strictly on the allocation. Market timing, specific security selection, etc usually dont amount to shit. This is, of course, if you are taking the more sensible (ie long term) approach to investing and not looking for a quick buck.
needtogetarmy
CEO of Project Mayhem
gotmilk said:
Margin is perfectly good. Why bother risking your money when you can risk someone else's?
The most prudent thing to do is to use very tight stops. It saves me every time.
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