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Post by popistoc on Dec 8, 2010 20:12:59 GMT -5
Papasloth made me think abt this: did the people that have real coin make it on huge-risk deals or, little by little.
I now trade with around 4k, from my savings and 401k. The most I ever traded with was 80k, and I lucked out and made 20k quick. That was around 7 years ago, the market and myself have changed ever since.
The most I made overnight was 10k, when PER went public back in the day.
I also lost abt 13k overnight on an anti-anthrax scam stock.
Any reply would be appreciated,
popistoc
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Post by popistoc on Dec 8, 2010 20:13:43 GMT -5
Sorry, I know, I can't even spell investment...  |
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Post by Rich on Dec 8, 2010 20:25:56 GMT -5
I find myself trading with less and less. Not by design, it just kinda happens like that.
Options have been tough this year, aside from the big crash in May and the recent rally.
I look for intra-day moves. What I hate is when they gap it up or gap it down and then go sideways intraday. wtf?
I don't know how the writers might feel about this. I just buy.
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Post by popistoc on Dec 8, 2010 20:36:32 GMT -5
Rich,
Sorry, the question of the poll was: how did you make the money you use to "just buy"?
popistoc
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Post by benvestor on Dec 8, 2010 20:40:31 GMT -5
prostitution and rare turtle breeding
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Post by Rich on Dec 8, 2010 20:48:26 GMT -5
I'm not sure I qualify as a 'real coin' guy. But what I have comes from residential construction, mostly roofing, siding, gutters, chimneys etc.
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Post by papasloth on Dec 8, 2010 20:58:00 GMT -5
When I was young, I made money working for software start-ups. I was super aggressive with my investing. I figured, I had years of salary, so if I lost here or there, it was no big deal. I wiped myself out a couple of times.
Now, most of my money comes from the sale of my own software start-up, and I'm getting to be an old fart. I'm a lot more interested in making a decent return on my money, but a wipe-out now would be catastrophic. Still, I find I'm making more money trading this way than I ever made being "aggressive." I just don't have the ups and downs I used to have.
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Post by popistoc on Dec 8, 2010 20:59:37 GMT -5
prostitution and rare turtle breeding Jeez, thanks-"that" makes this worthwhile-you may have the best looking wife on this board...rare f-n turtles...what else? popistoc |
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Post by popistoc on Dec 8, 2010 21:01:09 GMT -5
When I was young, I made money working for software start-ups. I was super aggressive with my investing. I figured, I had years of salary, so if I lost here or there, it was no big deal. I wiped myself out a couple of times. Now, most of my money comes from the sale of my own software start-up, and I'm getting to be an old fart. I'm a lot more interested in making a decent return on my money, but a wipe-out now would be catastrophic. Still, I find I'm making more money trading this way than I ever made being "aggressive." I just don't have the ups and downs I used to have. And, that, in turn, lets you sleep at night. I gather- |
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Post by papasloth on Dec 8, 2010 21:03:17 GMT -5
And, that, in turn, lets you sleep at night. I gather- You got it. Much less stressful, for the most part. Now, though, I just sleep a lot less than I used to. I used to need a full 9 hours a day - now I get by on 5 or 6. |
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Post by cosmic on Dec 8, 2010 21:12:35 GMT -5
I got an inheritance early on that I blew, but had an absolute blast! An old friend, who was my Godmother it turns out (but I never really figured that out until I was in my 20's), had told me that I should have some fun. I took her a bit too seriously.
I started afresh, and built my portfolio and investments over a 15 year period. I was lucky to have exceeded my earlier high-water threshold.
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