The market gave me a good old fashioned beating today

[Realist]

Anyone else get thumped?

My stocks are redder than a baboons butt.

I'm down alot....

 

[Sean K]

Re: The market gave me a good old fashioned beating today.

Yeah, lots of red. If not for AGS, HSP, MMN, PSV and DVC I'd be hurtin.

Good buying day!

 

[swingstar]

Re: The market gave me a good old fashioned beating today.

Get used to it.

 

[wayneL]

Re: The market gave me a good old fashioned beating today.

Get used to it.

I like how you think Swingstar

 

[money tree]

Anyone else get thumped?

My stocks are redder than a baboons butt.

I'm down alot....

I knew a person we call Cadbury.......cos after a glass n a half she was toasted. Another was know as Tucan, cos 2 cans is all it took.

But in your case, I shall call you Buktoo, cos after 2 books your done like a dinner

 

[retroaugogo]

Prosperity doth best discover vice; but adversity doth best discover virtue – Francis Bacon

 

[jet-r]

the horoscope is full of SHYT. I am supposed to be lucky this week.

But seriously, todays fall havent broken the uptrend yet.

 

[Ko Ko]

I was up today thanks MIG

 

[It's Snake Pliskin]

Anyone else get thumped?

My stocks are redder than a baboons butt.

I'm down alot....

But if you are holding for 30 years it shouldn`t matter.

 

[blueroo]

I thank the Gods for AGS. It's the only thing keeping my portfolio squarish :horse:

 

[Realist]

But if you are holding for 30 years it shouldn`t matter.

It does matter Snake, ahh but it does.

Purely for entertainment purposes of course.

It's like a billionaire betting $10 on a horse, he still wants it to run well and win - the actual money he makes is not the point, he wants to watch the race.

 

[MichaelD]

But if you are holding for 30 years it shouldn`t matter.

Isn't the approach to hold for 30 years...except when you don't?

 

[Realist]

I do buy some stocks to hold for 30 years - WDC, FGL etc.
These are large successfull, world leaders that make steady profits, pay good dividends, and are likely to still be around making big profits many years into the future. They are not necessarilly undervalued when I buy them, they're not overvalued though.

I buy some stocks because I percevie they are undervalued at the time MRE, RIN - and after they go up (hopefully) I reasses whether they are still worth holding.

And I trade (gamble) with a few for Fun - MTN, CQT etc.

Ben Graham did the same, except he was against trading, I embrace it like I embrace sports gambling, blackjack, and horse racing, it is fun.

The majority of my stocks are in the first category. :

 

[rub92me]

I knew a person we call Cadbury.......cos after a glass n a half she was toasted. Another was know as Tucan, cos 2 cans is all it took.

But in your case, I shall call you Buktoo, cos after 2 books your done like a dinner

All that reading doesn't appear to have taught you how to spell

 

[swingstar]

And I trade (gamble) with a few for Fun - MTN, CQT etc.

Ben Graham did the same, except he was against trading, I embrace it like I embrace sports gambling, blackjack, and horse racing, it is fun.

Holding stocks short-term without a probabilistic mindset is certainly gambling. Don't confuse it with trading.

 

[Realist]

Holding stocks short-term without a probabilistic mindset is certainly gambling. Don't confuse it with trading.

Well Swingstar, your definition and rules for trading are different to most people's, as are mine.

Don't confuse charting or using probabities with trading, there are plenty of successful multimillionaire traders that believe charting is astrology and also believe you don't make money by buying and quickly selling, you need to hold for a while.

Aussie trader Richard Farleigh, who retired at age 32 with $140M believes chartists are astrologers, believes stop-losses are questionable, and those that quickly buy and sell will never get anywehere. I agree with him, just cause you read Darryl Guppy and some other chartists books does not make them right.

 

[Mr_Liquidity]

I do buy some stocks to hold for 30 years - WDC, FGL etc.
These are large successfull, world leaders that make steady profits, pay good dividends, and are likely to still be around making big profits many years into the future. They are not necessarilly undervalued when I buy them, they're not overvalued though.

I buy some stocks because I percevie they are undervalued at the time MRE, RIN - and after they go up (hopefully) I reasses whether they are still worth holding.

And I trade (gamble) with a few for Fun - MTN, CQT etc.

Ben Graham did the same, except he was against trading, I embrace it like I embrace sports gambling, blackjack, and horse racing, it is fun.

The majority of my stocks are in the first category. :

Yes I have to say it could get a lot reder, I defintly think our great up trend has come to a stop for the time being but you never know what's around the corner!

 

[swingstar]

Well Swingstar, your definition and rules for trading are different to most people's, as are mine.

Don't confuse charting or using probabities with trading, there are plenty of successful multimillionaire traders that believe charting is astrology and also believe you don't make money by buying and quickly selling, you need to hold for a while.

Aussie trader Richard Farleigh, who retired at age 32 with $140M believes chartists are astrologers, believes stop-losses are questionable, and those that quickly buy and sell will never get anywehere. I agree with him, just cause you read Darryl Guppy and some other chartists books does not make them right.

Never heard of him until now, but he doesn't sound like a trader. His book is called '100 Secret Strategies For Investing'.

I haven't read Guppy BTW, and never said charting has to be involved in trading.

 

[Mr_Liquidity]

Holding stocks short-term without a probabilistic mindset is certainly gambling. Don't confuse it with trading.

I agree with you swingstar

I have never veiwed trading as gambling, If I did i would spend every day at crown casino!

 

[Realist]

Never heard of him until now, but he doesn't sound like a trader. His book is called '100 Secret Strategies For Investing'.

Well his book is called that, but he is a trader, not a Buffet type investor that is for sure.

It is a good book actually.

Alot of what he has to say makes sense.

One of his comments was "I have never made much money out of a quick trade".


Read the PDN thread again, it is funny watching people buy in, sell out, buy in again and sell again.

Traders here are far to quick to jump in and out and cost themselves as much if not more money than they save themselves IMHO.