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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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Started this account a few years ago at 75k. This is my progress for the last few months only as I recently switched banks (not showing two of my other holdings because hey, why would I share my research/rewards with someone who already knows it all). Dumped VRX at approximately 50c/share loss with 10k investment over a month ago.
I'm sharing my info, why don't you share yours to amaze us with your genius?
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Screenshot removed:
- basically started at 75k
- now at 260 k (350% increase) over last couple years
- 15k gain over last 4 months shown
- screen shot timed this morning at 6:15am at time of posting
- proof: Spoon's comment below
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