Quote:
Originally Posted by Nlkko
Buddy, how's that VRX trade working out for you? How's Bernie Sanders doing? Did you read The Onion this week before you trade? How does it feel being wrong most of the time and refusing to learn?
You and this bozo m4kv4li something something are like most newbies, don't want to learn the hard way (the only way in investing) and you want to look down on people who have gone through that phase. You want people to spoon feed you some stock tips and hope to make a quick buck. Why don't you go to Vegas there are free buffet. Speaking of buffett, you are like flock of bozos copying investors like Buffett, Icahn or Ackman (at his peak). Like a bozo explosion.
You think doing some math will make you a good investor? It will not. Your PE calculation doesn't mean dick by itself. You know why? Market discounts the future. For example, ff the market feel a bright future for company A, it will support A to PE 1000. Read that sentence again and google AMZN. Lots of human emotion involves in investing ,it's one of the greatest psychology games along with politics. While doing due diligence is necessary and involves TA, it's only a small and easy part to master. Heck, I spend every Sunday doing DD scan for following week. It's like taking a shit: takes time and it stinks but you gotta do it.
For newbie to start, trancehead mentioned a strategy with low risk low cost ETF are a very good way to start to put the majority of your money in. I started the same way and 3/4 of my stock market ports to this day are ETF funds. Besides that, put aside 2k-5k educational fund to learn the market (knowing that there's a good chance you will lose it all). StockTwits is a good platform to learn, observe guys that are suggested by the StockTwits admin themselves. Watch and learn. Do not copy their trades. Do not buy and chat room memberships, the free materials are plenty. Make your own trade when you are ready.
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I'd just tune guys that go on no basis for their remarks out. My strategy doesn't earn a lot fast but it's steady and compounding. Some days I can kill it, some days I can't and I gotta scalp. I'm happy if my day trade can pay my month's bills and food. Problem with Stocktwits is that it's no better than a public forum. Stock market sometimes is driven so heavily by sentiment that fundamentals are ignored almost completely.
Whether you chart or not, sometimes a headfake drops and then you are SOL. Who knew Microsoft was gonna purchase linkedin? No retail would have saw that coming with any degree of certainty. That day shorts got messed up big time. Doing the math will definitely help but it's no guarantee. Even big funds like Sequoia fund was completely devastated with VRX losses after some serious accounting issues and scandals with philador.
Remember that you not only compete with other people in trades, you gotta compete with machines that may buy and sell within milliseconds. Algos will be algoing and you gotta sit there and twiddle your thumbs waiting for price targets to hit which may never happen. Every single investment is susceptible to emotion. There is not one that doesn't involve some human emotion in trading. You can do all the right things, chart all you want, learn everything there is to learn but some times even that's not enough.
Good luck to all those willing to take a dip into the stock market cesspool.