Stocks Investing MONEY : Education?!! Pinkys : OTC

ZMan8 · 10-24-2013, 11:32 AM

Quote:

Originally Posted by Chuck33079

Just have a well diversified portfolio, rebalance it regularly, take profits when appropriate and have your exit point in mind when you buy something so you don't get greedy. Do that and over the long term you'll beat 99% of average investors and 95% of professional money managers.

There's a reason the old guys with billions are buy and hold types.

Chuck33079 · 10-24-2013, 11:33 AM

Quote:

Originally Posted by Meulen

I know I said I wasn't going to try and predict! lol ! but that is such a CHEAP way to play a possible big move it's rediculous!

Well, if you're wrong I'll email you a punch in the nuts.

Meulen · 10-24-2013, 11:37 AM

Quote:

Originally Posted by Chuck33079

Well, if you're wrong I'll email you a punch in the nuts.

LOL...I'm putting some skin in the game. But I've got a mandatory 60day holding period so I'm going a little further out with mar $3 calls

andre12031948 · 10-24-2013, 11:51 AM

Quote:

Originally Posted by Chuck33079

If you've doubled your money, why not sell your original investment and leave the gains invested? That way you don't lose a dime if it blows up.

God, I hope you're joking. If not, you really need to see someone or at the very least change your investment strategy.

You sound like a smart, sensible fellow. Thanks also for your advice. However I CAN'T change & had to get help dealing with my personality? problems? on & off since my early 20's. For the last 14 years it's been a steady visit to my VA head doctor.

I'm a H.S. dropout that happens to be smart but does many stupid things. Even when I peeked into my Dr's computer, I saw that he wrote that I'm highly intelligent.

Now back to the subject. I'm pissed because I had several opportunities to make a ton of money & blew it because of "my personality"?

Many years ago when N.Y.C. was really down & full of crime(mayor Dinkin's time) brick buildings could have been bought for 100k. I had the money/credit to buy one. Looked & thought but never bought. Today those buildings average 7/8 million dollars.

5 years ago I was on my TD Ameritrade site and saw SIRI, because of that housing fall & rumors of SIRI going bankrupt the stock dropped to 5 cents. I saw $60k available for buying & after seeing all the new cars coming in with sat. radios, I went to my computer to buy one million shares for $50k.
As I was about to place the order something distracted me to the point of leaving the computer. When I cam back the price went to 8 cents & I decided not to buy

More recent opportunities of smaller amounts were also lost. Over 2 years ago I sold short TESLA at $34. When it reached $22, I made 250k. I'm looking at that amount & my brain said buy to cover/get out! My personality convinced me that the car can't be build from scratch & will go bankrupt. I soon lost that + tens of thousands more

That ^^^^ happened a couple of more times just recently with other stocks.

I could have been one of the top one %, but ended up not

That's why I didn't take my 100% profit

I can't change

Chuck33079 · 10-24-2013, 11:56 AM

Quote:

Originally Posted by andre12031948

That's why I didn't take my 100% profit

I can't change

Sure you can. You can still take your profit out. Make this step one in correcting the pattern of self destructive investing. Stop always swinging for the fences. There's a lot of guys in the hall of fame for hitting singles and doubles.

Or hire a financial professional to help you manage your money in a constructive way. Some of us are worth the fee.

Meulen · 10-24-2013, 11:59 AM

hahahaha! just got a little help from Jon Najarian on CNBC. He just said to buy the Dec 3.5 calls on ZNGA. I always thought my room was bugged! lol. Josh Brown, not so much! lol

Chuck33079 · 10-24-2013, 12:04 PM

Quote:

Originally Posted by Meulen

hahahaha! just got a little help from Jon Najarian on CNBC. He just said to buy the Dec 3.5 calls on ZNGA. I always thought my room was bugged! lol. Josh Brown, not so much! lol

Alright, you're off the hook. If it tanks, I'll email him the punch in the nuts.

Meulen · 10-24-2013, 12:11 PM

Quote:

Originally Posted by Chuck33079

Alright, you're off the hook. If it tanks, I'll email him the punch in the nuts.

No worries.....I can walk down to the pit and do it for ya! LOL

Chuck33079 · 10-24-2013, 12:14 PM

Quote:

Originally Posted by Meulen

No worries.....I can walk down to the pit and do it for ya! LOL

"Hey Jon, this is from some guy on the internet!" Thwack!

Meulen · 10-24-2013, 12:17 PM

Quote:

Originally Posted by Chuck33079

"Hey Jon, this is from some guy on the internet!" Thwack!

hahahaha! I used to be his runner, years ago, on the floor of the CBOE., back in the day when they still traded on cards! .........I'm old! LOL

andre12031948 · 10-24-2013, 12:19 PM

Quote:

Originally Posted by Chuck33079

Sure you can. You can still take your profit out. Make this step one in correcting the pattern of self destructive investing. Stop always swinging for the fences. There's a lot of guys in the hall of fame for hitting singles and doubles.

Or hire a financial professional to help you manage your money in a constructive way. Some of us are worth the fee.

THANKS, but I'm 65 & this is my last gamble.

Now I must tell you that with my frustrations, regrets, mistakes & all or nothing personality, I still was able to end up with a small modest house on 30 river frontage acres with O mortgage & ALL my cars I buy cash

My personality is so wacko that over the last ten year I accumulated(posted on other site) 150k shares. So this Nov. 5th. vote is a very big thing for me & being true to my personality I'm still at the all or nothing position.

I'm on medication

Chuck33079 · 10-24-2013, 12:26 PM

Quote:

Originally Posted by andre12031948

THANKS, but I'm 65 & this is my last gamble.

Now I must tell you that with my frustrations, regrets, mistakes & all or nothing personality, I still was able to end up with a small modest house on 30 river frontage acres with O mortgage & ALL my cars I buy cash

My personality is so wacko that over the last ten year I accumulated(posted on other site) 150k shares. So this Nov. 5th. vote is a very big thing for me & being true to my personality I'm still at the all or nothing position.

I'm on medication

Bolded your problem. It's not a gamble, it's an investment. It's not all or nothing unless you want it to be. You can take your original investment out (If your basis is the $2 you mentioned earler, that's $300k) out and let the other half be a gamble. You've taken a big boy position betting on a yes/no vote. That's fine, but cover your *** in case it goes bust. You don't have the working years left to replace the initial investment if it blows up on you.

Meulen · 10-24-2013, 03:10 PM

ZNGA #'s look good! up 10% in post mkt trading. We'll see what they say on the call and what kind of guidance they give.

Chuck33079 · 10-24-2013, 03:41 PM

Quote:

Originally Posted by Meulen

ZNGA #'s look good! up 10% in post mkt trading. We'll see what they say on the call and what kind of guidance they give.

16% and rising. So far so good.

ZMan8 · 10-24-2013, 04:54 PM

AMZN after hours charts looks entertaining. Quite the ride, lots of money to be made as well.

Tech stocks all up after hours.

10-24-2013, 11:59 AM	#186 (permalink)
Meulen A True Z Fanatic Join Date: Aug 2013 Location: Romeoville, IL Posts: 1,093 Drives: 2010 370z 40th Rep Power: 3389	hahahaha! just got a little help from Jon Najarian on CNBC. He just said to buy the Dec 3.5 calls on ZNGA. I always thought my room was bugged! lol. Josh Brown, not so much! lol __________________ Follow my build thread here: Meulens Build Journal

10-24-2013, 03:10 PM	#193 (permalink)
Meulen A True Z Fanatic Join Date: Aug 2013 Location: Romeoville, IL Posts: 1,093 Drives: 2010 370z 40th Rep Power: 3389	ZNGA #'s look good! up 10% in post mkt trading. We'll see what they say on the call and what kind of guidance they give. __________________ Follow my build thread here: Meulens Build Journal

10-24-2013, 04:54 PM	#195 (permalink)
ZMan8 A True Z Fanatic Join Date: Oct 2011 Location: Chicago, IL Posts: 5,844 Drives: 10 370z 40th M6 Rep Power: 658	AMZN after hours charts looks entertaining. Quite the ride, lots of money to be made as well. Tech stocks all up after hours. __________________ 2010 370Z 40 Anniv., 6 MT \| Fast Intentions \| Swift Springs \| SPC \| Z1Motorsports \| JWM \| Redline Oils \| 35% Window Tint 2015 Mazda6 \| 370ZChicago: Chicago Area Cars & Coffee

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