Freddy Figbottom
Was it me?
epic statement bro.
I predict that the S&P 500 will be well under 5,000 by September 30th
- Thread starter Walt
- Start date
Matt Dillon
Retardium User
That last thing I invested in..okay so I was taught you find something that's not going out of business that's down, you look at their high points and low points, try to buy at the low point and sell towards the median. You can hold for as long as you want, but..whatever..
This one was down and had pushed the Covid shots a lot and I didn't think about that when I bought it.
Me making profit off of that was nothing short of a miracle!
It never really went back up until they were getting bought out because they suck.
So I made profit, and didn't lose anything. Gotta stick with the original principles now.
If I had thought about it more, never would have put a dime into them.
It doesn't make sense to invest in companies that don't do good, even if it does make a profit. That's what I say.
Don't support ones that don't do good.
The system I was taught is sound, a Jewish investment dude taught us that on a field trip back in the day.
He could make 15% for people all the time. That's how he made his living.
Look at the high and low for all time, make sure they're not going to fold, buy near the low and sell near the middle, that's it.
All that puts and calls stuff? That's just gambling.
People can hold and sell near the high, too, but that doesn't happen all the time.
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Freddy Figbottom
Was it me?
this is a reasonable approach, for the dumb money.That last thing I invested in..okay so I was taught you find something that's not going out of business that's down, you look at their high points and low points, try to buy at the low point and sell towards the median. You can hold for as long as you want, but..whatever..
This one was down and had pushed the Covid shots a lot and I didn't think about that when I bought it.
Me making profit off of that was nothing short of a miracle!
It never really went back up until they were getting bought out because they suck.
So I made profit, and didn't lose anything. Gotta stick with the original principles now.
If I had thought about it more, never would have put a dime into them.
It doesn't make sense to invest in companies that don't do good, even if it does make a profit. That's what I say.
Don't support ones that don't do good.
The system I was taught is sound, a Jewish investment dude taught us that on a field trip back in the day.
He could make 15% for people all the time. That's how he made his living.
Look at the high and low for all time, make sure they're not going to fold, buy near the low and sell near the middle, that's it.
All that puts and calls stuff? That's just gambling.
People can hold and sell near the high, too, but that doesn't happen all the time.
how can we stop insider trading?
seems impossible really.
Matt Dillon
Retardium User
Make it illegal for Congress to do it. It used to be, but during Reagan's 2nd term they voted themselves The Lords of America.
Congress, that is.
They declared The People to be serfs when they did that. In America.
Not supposed to be like that, at all.
They can invest in a company, then vote the company's way by law and make profit. That's wrong.
It's fascistic.
Freddy Figbottom
Was it me?
yep.Make it illegal for Congress to do it. It used to be, but during Reagan's 2nd term they voted themselves The Lords of America.
Congress, that is.
They declared The People to be serfs when they did that. In America.
Not supposed to be like that, at all.
They can invest in a company, then vote the company's way by law and make profit. That's wrong.
It's fascistic.
IBDaMann
Well-known member
Too funny! It's always hilarious when dumbshits feel compelled to comment on topics of which they know nothing in a desperate attempt to fool others into thinking they're oh tho thmart and withe in their mindless panic.
Empty shelves! Trade war! Tariff tsunami! You can't make this shit up.
Matt Dillon
Retardium User
That's the gloom and doom the media is trying to whip up.
I should watch "Meet The Press" today to see what they're cooking up for the week.
Call it "Opposition Research" if you will..
You should correct spelling errors before talking about other’s “thmart”
gfm7175
Mega MAGA
Phanty = too stupid to realize that the "spelling errors" are actually 'lisp'.You should correct spelling errors before talking about other’s “thmart”
Must suck to be a libtard...
Freddy Figbottom
Was it me?
You are now in contention for this month's,You should correct spelling errors before talking about other’s “thmart”
Thooper Thmart Perthun Awardth"
You should correct spelling errors before talking about other’s “thmart”
All the lies you told are coming back to haunt you.....
Freddy Figbottom
Was it me?
Maze
Just me and my boo crew
Freddy Figbottom
Was it me?
good.
Freddy Figbottom
Was it me?
the stock market is for detached elite fascists and their dumb money sheeple.
How did that work out for you?I predict that the S&P 500 will be well under 5,000 by September 30th, and I put my money where my mouth is. I have bought a bunch of SPY puts centering around a strike price of $500, all expiring on September 30th. If the S&P goes down to around 4,000, I will make quite a bit of money.
If the S&P 500 stays above 5,000, then you can laugh at me
Wrong Way Walt just ignores his failures and learns nothing. He's still around to mock.
I took money I made earlier in the year, and invested some of it into trump acting quickly. As it turns out there were two market memes I did not account for, TACO, and "nothing ever happens." Some investors have decided that trump always chickens out, and that while things happens, they are always unimportant to the market.
This has led not just to buying on the dip, but buying before the dip. It has created the unusual, but not unheard of, situation where bad news actually makes the markets go up. These investors are maxing out their credit cards to invest everything they have. But being early is just another way to say I was wrong.
If you ever get a 50/50 chance at a ten to one payoff, take it. I did that. Because I was careful to take it the chance with money I had already made, I am going to be up for the year.
I am still investing money into SPY puts. I am currently buying them at a 5 to 6 week expiration date, and usually selling them before they expire. So far I made some nice profits... Not nearly as much as I lost investing so much with such a specific expiration date... But a nice amount of money.
I have no reason to not continue to do that until January 2027. I was expecting to lose money on it most of the time, but to have such a big windfall from it once or twice to make up for the weeks without profit. Instead, I have gotten week after week of profit.
I do not ignore my failures. I do learn things. But I do not quit good ideas because they do not always succeed on time.