School me on investing...

I've never made up the loss by doing that. My motto is cut the losers and let the winners run.

 

definitely the opposite of how motion and I play the casino

 

I rather like the idea of DCA when a company stock gets caught up in the downdraft of the market. Its on sale!

 

IF you still believe in the company/sector long term and think the drop is due to general market BS or other forces then why not buy some at a discount?

My electric car investment isnt based on conventional investing wisdom. Its more on "they will ram these things down our throat whether we like it or not" and that hasnt changed. And probably wont for a couple more years. I think they will get moving and sell some cars/trucks, or be bought out. Either way Im OK.

I hope...

 

When I first was learning how to "play the casino" as you eloquently put it, I lost my ass.

I determined to figure out how to win at it, cuz DAMMIT, I'm the smartest guy in the room!!!!

So I found a paper trading site, in my case it was marketocracy.com, which, if you google my username here in relation to that site you might learn more about me. That's certainly how the benefactor who changed my life found me.

Anyway, one of the strategies I tried on that site was to cut underperformers and put the reduced proceeds into outperformers within the same portfolio, and I found that that was a better strategy than dollar cost averaging. (of course, this all depends upon macro market conditions, the portfolio contents, etc, etc etc...)

Anyway. It works for me.

Now wtf re: shiba?

 

Hope is a four letter word.

I firmly believe that AT&T is at historic lows, and even though my meager pot in the stock is in the red at the moment, I will not put another dime in there. Right now, my liquidity is going to the purchase of some dirt in Oklahoma, but even if I had some to spare it wouldn't be going to T. It doesn't have to make sense... the market can remain irrational longer than you can remain solvent.

 

Bet.

 

Interesting.
I don't do it that way. I bet it all when I buy and sell. 20 years of all black trades.

 

Wait.


You're saying that you have never lost money? On any single trade ever?

I call bullshit on that.

I've probably made 25-30 thousand trades in my time and I'd reckon that at least half, possibly 60% or more, have been losers.

But the winners have been bigger than the losers...that's the key.

 

If you are saying that you bet it all when you bet, I can relate to that. I don't go with one single equity with all of my liquidity, but I do get what you're saying about making a call and wagering on that call. Who wants to put money on their sixth favorite stock?

 

You guys have fun.... I'm sitting on the side hoping to salvage my latest splurges. This sh%t has me worn down. I think I've leaned my lessons.... @BigBird you with me?

 

Holy shit, that's a lot of work! I ain't got time to do even 1000 trades in 20 years, with having a day job. You can call it anything that you'd like, voodoo or a deal with the debil, but I've NEVER had a red trade. Ever. (not unless you count women)

 

So whats the buy point for GOOGL? I'm wondering if it'll drop below $2500 before the 20:1 split ... so far I've done really well on splits lately. Tesla, Apple, NVIDIA have all really paid off. I expect GOOGL to also.

 

I sat on the sidelines for the latter part of last year....I'm ready to lose some money!

I'm doing it right, right?

 

If you only buy large blue chips and can hold them indefinitely whilst pretending opportunity cost doesn’t exist, then his statement makes sense.

 

$71M stolen Bitcoin turns into $4.5 Billion and the were arrested because they could follow the Blockchain.. There goes that

https://dailyvoice.com/new-jersey/f...and-nabbed-in-45-billion-bitcoin-bust/825653/

 

We should start a podcast on investing

 

That sounds like something we could possibly make money on....

It can be called: Listen to US! And do the opposite

 

Thats one of the reasons i dont have any interest in bitcoin. A currency substitute without anonymity misses the mark imho. Its got good bubble like price moves which is good for gambling, but a horrible platform long term wealth storage.