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Thread started 06/27/05 1:49pm

GottaLetitgo

I suck at the stock market

Okay so I sold out of that impotency drug I was in. The thing just collapsed. How does a damn stock that helps impotent people have erections quicker not go up? The reason...I bought it.

I am a stock jinx. I buy and immediately everyone goes "abandon ship...Gotta just bought in". People have made thousands off of my sorry ass. My trading company has made thousands upon thousands on my trading fees as I trade every three days or so, jumping on one sinking lillypad after another like the financial equivalent of Frogger.

Today I bought some European stock CLWT. It was going up huge, I bought it, and the thing sunk like a rock. I still don't know what it is they do. Maybe I should do more research.

So not only do I kill threads around the Org, I also kill stock momentum.

All good things they say never last...
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Reply #1 posted 06/27/05 2:36pm

superspaceboy

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DO you actually RESEARCH any of these companies? Sounds like you go for the "tip" that's too late. Or jump the bandwagon for the net "big thing" to hit. Sorry to say that those are usually the ones that will tank. You need to know about those BEFORE everyone else. I for one would NEVER have bought into a company that was based in new pharmecudicals.

Playing the "get rich quick" scheme on the market is a BAD way to make money...unless you are part of "day traders" which watch and trade off and on all day and keep in touch with all of the trends on a moment to moment basis. These folks don't nessa know all of the companies they are trading, however have a great deal of knowledge in trading and trends, so they do well.

My advise to you is to either get into a mutual fund or something and let someone else do the dirty work. Key here is Long term financial planning. That or do your research via a good investor magazine.

It takes a little work and a bit of knowhow, but a well informed investor is an investor who will make money.

Christian Zombie Vampires

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Reply #2 posted 06/27/05 3:15pm

LiveWithIt

Stocks are stupid..Go with futures and commodities.
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Reply #3 posted 06/27/05 3:22pm

superspaceboy

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LiveWithIt said:

Stocks are stupid..Go with futures and commodities.


rolleyes there's good advice for ya.

Christian Zombie Vampires

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Forums > General Discussion > I suck at the stock market