jeff kushner
Full Access Members
No, not the iggy type, but life timing. For some reason which I cannot even justify to myself, I just spent 8 weeks in the Stock Market. It was one of those bucket list things like “Online gambling” or Parasailing. I’m not a gambler but last year I chucked up 50 bucks and began betting on the fights. A month or so later, my 50 bucks gone, I closed the account…..bucket list item checked off, move on. So for the next few months, I began to research the Stock market.
Like a lot of guys, I figured that if I invested the time to learn what I did not know, I could do reasonably well in the stock market. After all, it’s a bit like Fantasy Football only in that if you read all the news and know all the players, their condition and who they are playing next week…along with an ounce of luck, you can win your leagues………I’ve done it consistently for several years before getting bored and the NFL ******* me off 3 yrs ago.
For those that don’t know history…October is historically the worst month for the Exchange…..but I barreled in on October 1st with what most of us would call a bit more than mad-money.
The stock market I learned, is very stacked in favor of the big stock houses. If you for instance, buy up a particular stock (options), the big houses automatically, done by algorithms triggered by when you purchased said stock and of course by how much value is being assessed, depress the stock value by lowering estimates for competing stocks. How long will you hang on to a stock that has lost 15% overnight then holds? The money you’ve got tied up is losing every day….yet you’ve already lost 15% of say 50G, or 7,500 overnight…..so how long? See? Even with reading and processing voracious amounts of data, it’s not easy. My son as some here know is a lawyer and a brilliant kid. He also tried learning and winning at the Stock market only to admit defeat after losing consistently & he cashed out.
I am VERY happy to say that 8 weeks later, despite the Dow loosing thousands of points, I only lost .004% and considering that some lost upwards of 20% of their values, I did pretty well for a “civilian”. I stayed very active and moved monies almost every day. I admit to making two incorrect calculations by buying two duds and missing one “gold mine” BUT…..the price for all this fun, night sweats, foreboding, anguish etc as I repeatedly watched the market tank by 300 or even 500 plus points….was exactly $998.00
Yup, a .004% loss was pretty eye opening!
Looking back now, like anyone here I wish I would have made a few bucks because a Thousand dollar education is an expensive one when the “course” is only 8 weeks long but I’m just happy at this point that I didn’t lose my a__!
Anyone here good at the market?
jeff
Like a lot of guys, I figured that if I invested the time to learn what I did not know, I could do reasonably well in the stock market. After all, it’s a bit like Fantasy Football only in that if you read all the news and know all the players, their condition and who they are playing next week…along with an ounce of luck, you can win your leagues………I’ve done it consistently for several years before getting bored and the NFL ******* me off 3 yrs ago.
For those that don’t know history…October is historically the worst month for the Exchange…..but I barreled in on October 1st with what most of us would call a bit more than mad-money.
The stock market I learned, is very stacked in favor of the big stock houses. If you for instance, buy up a particular stock (options), the big houses automatically, done by algorithms triggered by when you purchased said stock and of course by how much value is being assessed, depress the stock value by lowering estimates for competing stocks. How long will you hang on to a stock that has lost 15% overnight then holds? The money you’ve got tied up is losing every day….yet you’ve already lost 15% of say 50G, or 7,500 overnight…..so how long? See? Even with reading and processing voracious amounts of data, it’s not easy. My son as some here know is a lawyer and a brilliant kid. He also tried learning and winning at the Stock market only to admit defeat after losing consistently & he cashed out.
I am VERY happy to say that 8 weeks later, despite the Dow loosing thousands of points, I only lost .004% and considering that some lost upwards of 20% of their values, I did pretty well for a “civilian”. I stayed very active and moved monies almost every day. I admit to making two incorrect calculations by buying two duds and missing one “gold mine” BUT…..the price for all this fun, night sweats, foreboding, anguish etc as I repeatedly watched the market tank by 300 or even 500 plus points….was exactly $998.00
Yup, a .004% loss was pretty eye opening!
Looking back now, like anyone here I wish I would have made a few bucks because a Thousand dollar education is an expensive one when the “course” is only 8 weeks long but I’m just happy at this point that I didn’t lose my a__!
Anyone here good at the market?
jeff
