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| 02-07-2013, 06:02 PM | |
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Play with options. Then you will either go to zero (likely anyways) or maybe double or triple your money. It's better than stressing over the 2-3% moves...
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Personally, I think Apple is a reasonable buy below ~$440. My growth estimates are really conservative though and my margin of safety is a bit higher because of sentiment. |
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The stock market is like going to Vegas. If a 5% downward move on a few thousand dollars causes you to worry, then it is not the place for you. Get into something more safe imo.
One could argue it really is not the place for any small investor. The game is rigged and the small investor really has no chance and it all comes down to timing and luck for them. You always hear how over the last x number of decades the market has outperformed other investments. While that is true, one can slice numbers anyway one wants and take a sample size favorable to one's argument pro or con. For ex, in the decade of the 2000s, the market was essentially flat...zero return. So if you started investing in the early 2000s, you essentially were outta luck and what the market did in the 90s and 80s really is irrelevant to you as it was a bad investment unless of course you tried to time it. |
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Therefore if you accept that it's a casino and you don't go to a casino to invest, then you cannot go to the stock market and not gamble. And if all you're doing is gambling you focus should be on the rules, the odds and money management. Then your time "researching" should be to place your bets at the price where you have the best odds of winning and least odds of losing. You know why there are no clocks in a casino, right?
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Anybody who spends time "researching" needs to realize how manipulated the market really is. Some of you from the sounds of it needs to do some research on how manipulated it really is. Furthermore, any "research" done for free on the internet is old news and worthless for use in investing. Last edited by B9FYwspP8J85; 02-08-2013 at 12:02 PM.. |
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Same reason they do not lay out the floor plan in a normal grid. They want you to not pay attention to the time\not be able to easily leave. They want to make you feel like it is mid-afternoon and you really have not been gambling for many hours because the longer you play, the more the odds will be in their favor and the more they will likely make off of you. With the advent of cell phones, the lack of clocks really does not work much anymore because even people who did not wear watches likely carry a cell phone now. The contorted maze they make of the floor layout is effective though. It is nearly impossible to get your bearings in a casino. Last edited by YanksIn2009; 02-08-2013 at 02:25 PM.. |
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If no one showed up to trade stocks one day, the market would be closed. The casino boss knows that it's not people coming in that are winning that affects the bottom line, it's the sheer number of people gambling and a set percentage of losers that determines the odds. Most gamblers in the stock market lose (98% according to some figures). Why? Cause they picked the wrong stock? No, they never understood the odds and just kept playing anyway. The market makers don't want you to leave, they rely on you staying (holding), selling into fear and buying into frenzy. They hate it when you cash out and go home (which is what winners do).
Last edited by barnz008; 02-08-2013 at 02:45 PM.. |
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