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Stock Market, anyone?
| View Poll Results: Do you trade stock? | |||
| YES |     | 5 | 41.67% |
| NO |    | 7 | 58.33% |
| Voters: 12. You may not vote on this poll | |||
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Originally Posted by cscgal 
Josh, I seriously think it's a bad idea to invest all of your savings in the stock market. If you want to do that, at least take half and put it into a high yield CD or money market.
I trade technology stocks, primarily up and coming companies that I'm familiar with. For example, I bought Red Hat a couple of years back before the launch of RH Enterprise and Fedora.
Last edited by joshSCH; May 30th, 2007 at 12:11 pm.
Personally it does not sound that interesting or hard to me (I know I am wrong, but I have never traded) My dad trades short term options in his spare time, but he has lost like $8,000! Even after paying a shocking $14,000 for a option intensive training course! ($22,000! I could buy a super sweet linux box for that much money.....)
"Hey ass, don't hijack my thread. This is serious." -JoshSCH
lol.. It's exciting.. until you lose $22k lol
It just depends on how well the company does.. You could invest in a huge, prosperous energy-trading company.. but then it ends up crashing, and you lose everything! *cough enron cough cough*
It just depends on how well the company does.. You could invest in a huge, prosperous energy-trading company.. but then it ends up crashing, and you lose everything! *cough enron cough cough*
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Join Date: May 2006
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Originally Posted by joshSCH
Yes, similar to most other Americans I was attracted to the stock market at the thought of making a high return, and earning money quickly.. However, I have realized that it is more luck than anything.. even the most knowledgeable and intelligent traders lose money.. But, I'm only 18, so I haven't made much working.. I mostly invest in technology mutual funds and occasionally a few stocks that I think will do well.. Once I start college I will probably liquidate everything and stop investing until I make enough money to do so.. Unless the U.S. economy encounters huge inflation, in which case I will buy some U.S. bonds and lock in a high interest rate. (probably not b/c Greenspan predicted a recession to hit soon)
And for the $20k courses: you could either have an awesome computer, or some idea of how to make a ton of money.... your call.
It sounds kind of exciting, but seeing that I receive a 5 dollar allowance per week ;-) , it does not seem very feasible!
but than I my computer could double as a uber server! Than I could host a website and get rich! (yeah I know I could have some one else host my website and save 22k but whatever ;-)
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Originally Posted by infarction
And for the $20k courses: you could either have an awesome computer, or some idea of how to make a ton of money.... your call.
Last edited by Sturm; May 30th, 2007 at 2:28 pm.
"Hey ass, don't hijack my thread. This is serious." -JoshSCH
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Originally Posted by Infarction
There is so much wrong with your post. It's not a matter of luck, it's a matter of education and experience. Knowing how to make money when the trade goes against you. Knowing how to make money on stocks that don't move. Knowing what signals work under current market conditions. And then doing all of those.
And for the $20k courses: you could either have an awesome computer, or some idea of how to make a ton of money.... your call.
Last edited by joshSCH; May 30th, 2007 at 2:48 pm.
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Originally Posted by joshSCH
It requires experience and education, but a lot of it is also choosing the right time to invest, the right stock to invest in, etc.. luck.
You can't tell me that there is absolutely no luck involved in the stock market at all.. If you invest in a company the day before they announce that they have found the cure to cancer.. is that not luck? Or you invest in a company that decides to all of a sudden merge with another successful company.. is that not luck? If a very successful company like Enron all of a sudden crashes, is that not bad luck?
Research/education/knowledge is a large part of trading success.. but luck is a big part of it too
Research/education/knowledge is a large part of trading success.. but luck is a big part of it too
Last edited by joshSCH; May 30th, 2007 at 3:01 pm.
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Enron's stock started turning down before it crashed. There were some pretty good signs that something was going down, if you knew where to look (especially at insider trading information).
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Originally Posted by Infarction
Enron's stock started turning down before it crashed. There were some pretty good signs that something was going down, if you knew where to look (especially at insider trading information).
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