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The way both of you are talking about trading this stock indicates that you both aren't qualified to trade. But then again - there aren't any tests to pass bef

The way both of you are talking about trading this stock indicates that you both aren't qualified to trade. But then again - there aren't any tests to pass before one can trade - so trade away. But remember - you both look like dancing pigeons to professional traders (http://rationalwiki.org/wiki/Skinner_box http://rationalwiki.org/wiki/Skinner_box).

btian 14y ago
I already own 10 shares of AAPL way before it went up to 500/700. Not selling anyway. Just saying... I'm not a trader in any way or form.
_croz 14y ago
> The way both of you are talking about trading this stock indicates that you both aren't qualified to trade. But then again - there aren't any tests to pass before one can trade - so trade away. But remember - you both look like dancing pigeons to professional traders Professional traders like this cat? http://www.npr.org/blogs/money/2013/01/14/169326326/housecat-beats-investors-in-stock-market-challenge http://www.npr.org/blogs/money/2013/01/14/169326326/housecat...
encoderer 14y ago
Oh, come on. It's not hard to make money in the market. It's not hard to see real, after-tax, inflation adjusted gains. Carefully picking companies in a buy-and-hold strategy is a reliable place to park your money for 3-8% growth. These guys aren't pretending to be day-traders. Looking at fund performance, as I'm sure you know, very very few managed funds beat the market with any consistency. There's too much hand-wavy "the big banks and funds play the little guy as a pawn" paranoia. Yes, you can make yourself a pawn by trying to play Gordon Gecko with your E-Trade account. But cost-averaging into a stock that you chose and believe in is both effective and open to everybody. And who knows. There are well told stories of amateur investors making literally billions of dollars finding holes in option contracts that the hedge funds and IBanks missed.
- ajaymehta 14y ago
  Thank you.
- thingylab 14y ago
  Care to share one of these "well told stories of amateur investors making literally billions of dollars finding holes in option contracts that the hedge funds and IBanks missed" ?
  - encoderer 14y ago
    http://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0393338827 http://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0...
    - confluence 14y ago
      None of them were amateurs.
      - encoderer 14y ago
        BS. http://en.wikipedia.org/wiki/Cornwall_Capital http://en.wikipedia.org/wiki/Cornwall_Capital They started with $100k pooled together from 3 guys' life savings. How much did they make? Exactly. The wikipedia article, short as it is, covers through 2010 when that $100k grew to "100 to 300 Million." Read the latest write-up of them in FT. It's a billion dollar venture now.

btian 14y ago

I already own 10 shares of AAPL way before it went up to 500/700. Not selling anyway. Just saying... I'm not a trader in any way or form.

_croz 14y ago

> The way both of you are talking about trading this stock indicates that you both aren't qualified to trade. But then again - there aren't any tests to pass before one can trade - so trade away. But remember - you both look like dancing pigeons to professional traders Professional traders like this cat? http://www.npr.org/blogs/money/2013/01/14/169326326/housecat-beats-investors-in-stock-market-challenge http://www.npr.org/blogs/money/2013/01/14/169326326/housecat...

encoderer 14y ago

Oh, come on. It's not hard to make money in the market. It's not hard to see real, after-tax, inflation adjusted gains. Carefully picking companies in a buy-and-hold strategy is a reliable place to park your money for 3-8% growth. These guys aren't pretending to be day-traders. Looking at fund performance, as I'm sure you know, very very few managed funds beat the market with any consistency. There's too much hand-wavy "the big banks and funds play the little guy as a pawn" paranoia. Yes, you can make yourself a pawn by trying to play Gordon Gecko with your E-Trade account. But cost-averaging into a stock that you chose and believe in is both effective and open to everybody. And who knows. There are well told stories of amateur investors making literally billions of dollars finding holes in option contracts that the hedge funds and IBanks missed.

ajaymehta 14y ago
Thank you.
thingylab 14y ago
Care to share one of these "well told stories of amateur investors making literally billions of dollars finding holes in option contracts that the hedge funds and IBanks missed" ?
- encoderer 14y ago
  http://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0393338827 http://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0...
  - confluence 14y ago
    None of them were amateurs.
    - encoderer 14y ago
      BS. http://en.wikipedia.org/wiki/Cornwall_Capital http://en.wikipedia.org/wiki/Cornwall_Capital They started with $100k pooled together from 3 guys' life savings. How much did they make? Exactly. The wikipedia article, short as it is, covers through 2010 when that $100k grew to "100 to 300 Million." Read the latest write-up of them in FT. It's a billion dollar venture now.