/biz/ - Business & Finance

Losses are inevitable, get used to them. The fact that you're spilling feels all over the place probably means you're not emotionally ready for the size of your positions yet.

First rule of investing is never put in more than what you are willing to lose.

>>445662
Question: Do you actually have any independent thought, research, or information about the companies you are investing in and their relevant industries?

Or are you just picking shit and hoping to get lucky?

If it's the latter, why did you choose the stock market instead of the blackjack table?

>>445662
You either keep going. Or you take a break.
If it emotionally hurt you, take a break. If it didn't phase you, keep going.

Most importantly, learn from it. Make sure you find out what made your loss happen.

>>445698
I do think it out and I have been paper trading for months however this loss occured pre-market and I immediately closed the position when I could to prevent further losses but it hurt me bad I have to be more careful

>>445691
I didn't I risked a small part of my portfolio as I do with every trade its just this percentage loss was huge I'm not financially hurt just frustrated that my entire week has been wiped out in a few hours

>>445723
>frustrated that my entire week has been wiped out in a few hours
Congratulations! According to the research, you're solidly in the 80% of retail traders that under-perform the markets. The good news is that, on average, you'll only continue to make bad trades for another 15 months before you finally throw in the towel.

>>445744
Angry because you lost money?

>>445832
>Angry because you lost money?
Hehe.
http://archive.foolz.us/biz/thread/301031/

>>445841
>Do you watch anime
>S-s-s-ometimes, senpai. But its not as if I like it, or anything.
What shonen do millionaires like?
>pls b jojo

>>445671
underrated post

>>445841
>Was not calling you poor (rich people can loose money)
>If you are self made then I am assuming you ran into hardships
>Would appreciate if you would share some experience of when you ran into trouble and how you overcame it instead of being an ass

>>445841
I keep wandering /biz/ since its beginning, and there's something I would kill to know:
Why these jackass so-proved millionaires come to this board for nothing but to shitpost useless information/brag/derail/spread disinfo?

We already know there are people richer than us. Can't you give some useful advice instead of being dicks?

Thanks in advance.

>>445662
>lost 5k today
>jerked it to some hentai shemale porn
>made 5k back

nigga dont give up and when in doubt get a quick jerk in to clear your mind

>>446186
The same reasons tripfags come to every board, Pinky. They're trying to take over 4chan!

>>446212
I wasn't complaining about successful people posting here.
But hey, a Bootlicker is always a Bootlicker. Sorry if I offended your masters.

How do you guys pick stocks? I'm trying to work my up to 25k as soon as possible so I can day trade. I started with 5k but now I'm down to 3.5k and am slowly working my way back up.

>>445662
what would be the point of investments if they could only make money? loss is inevitable brush it off and dont give up

>>445841
I know you tell yourself that you're trying to help people, but you're really just trying to make yourself feel superior to others.

It's a bit pathetic. *pat*

>>445832
>>446172
Don't post Spiderman pics, say "he mad", and still expect me to be nice to you. Fuck off, faggot.

>>446186
>We already know there are people richer than us. Can't you give some useful advice
1. Read the thread I posted above. I spent an entire 24 hours doing nothing but giving advice and answering questions.

2. My first post in this thread (>>445744) is advice that OP, you, and everyone else should read and understand. Trading is a suckers game. Statistically speaking, you will lose money and you will quit the game in frustration.

Stop focusing on the size of my wallet and read the fucking posts I make.

>>446246
>I know you tell yourself that you're trying to help people, but you're really just trying to make yourself feel superior to others.
Yeah, I understand that you're not a happy person. That's not really an excuse to attack others, but I don't hold it against you.
http://en.wikipedia.org/wiki/Attribution_bias

>mfw 2.77% return this past year

>>446073
overrated post

>>446328
Aren't those dismal gains?

>>446314
Actually I will apologize but only because I haven't seen the archive link.
Again, I wasn't complaining about how rich anyone is, read my posts.

>>446314
Old lonely useless man tries to look intelligible and brag on the internet.

>"Stop focusing on the size of my wallet and read the fucking posts I make"
>Posts thread explicitly stating he's a millionaire

>"Yeah, I understand that you're not a happy person."
Oh the irony.

If you are just going to passive aggressively tell people that the only way to invest is to invest in ETFs and vanguard funds, I recommend you stay on bogleheads. Especially since your wealth was made through your career and riding one of the strongest bull markets we've ever had, i.e. your advice is irrelevant rn.

>>446366
>since your wealth was made through your career and riding one of the strongest bull markets we've ever had
I've been investing since 1994, which means I've been through two of the worst bear markets in history. If you weren't crippled by jealousy, maybe you'd be smart enough to listen to my advice and learn from my success.

>>445662
Learn from it. If you don't have some losses, it means you aren't taking chances and you will never have major gains.

>>446381
You know nothing about my finances, and I think it tells a lot about your character that you regard anyone disapproving of you as "crippled by jealousy."

You've been through two of the worst bear markets in history with a six-figure salary career and financial advisers. It doesn't take a genius to turn a six-figure salary into a few million over 20 years. It does, however, take a very arrogant person to think he's special for doing so.

>>445662
>tfw I don't even have enough money to invest in the stock market

You are still miles ahead of me, and perhaps even a large amount of people on this board right now.

>>446366
Saying he doesn't have authority on the subject because the state of the market over a certain period is silly. You're a lazy bum if you can't make money in a bull or a bear -- saying Ohhhh but the market's dowwwwnnnn doesn't mean anything except the mean reversion, bro, and being unable to make money when it's a summer clearance sale on stocks just means you don't know how to read a balance sheet.

>>446381
Getting butthurt at someone who says they know better than you is fucking dumb. I mean, why respond to someone who OBVIOUSLY HAS AT LEAST A FEW IDEAS IN THEIR HEAD. It's not like they're going to change their mind, maybe they think they have a magic formula or something. Anyways trippy, you're one to talk, for like half a dozen reasons that people have shouted out over the last like, what, 4 months or whatever?

Jesus I called 1-800-rip-ganj like 20 minutes ago and this is STILL basic shit. You can make money, without any real risk, if you have a job, minimize your living expenses and work on retaining most of your income, and Never Have to Work Again in like 5 years, 10 if you're starting from scratch. Telling someone that they can't make money one way over the other is silly, just like telling all the dweebs in accounting that their iphone apps are a waste of time is silly -- people can get lucky.

>>446397
Yes.

>>446381
Two horrible bear markets that made exceptionally fast recoveries, and an emphasis on dividends, dividends, dividends to reinvest. All you basically had to do to come out on top is to not remove your money from the market. Which is the most general and consistent advice for long term investing there is. Congrats, you're average!

>>445671
so fkn deep

>>446460
>All you basically had to do to come out on top is to not remove your money from the market. Which is the most general and consistent advice for long term investing there is. Congrats, you're average!
100% true, and yet the majority of retail investors (and nearly all retail traders) fail to follow this simple advice. So while my returns do closely track the market averages, the irony is that I'm far above average compared to other investors.

>Also, for the record, I don't generally recommend dividend stocks. I think you just made that up, or perhaps you've confused me for someone else.

>>445691
You have no idea what he's talking about.

>>446634
Then theres this faggot. Why do you post here? Nobody likes your little bitch ass.

>>446634
>retail investors
Newsflash there, I had no idea small time investors were so stupid and impatient.

>Also, for the record, I don't generally recommend dividend stocks. I think you just made that up, or perhaps you've confused me for someone else.

For the record, I wouldn't pay enough attention to you or any other tripfag to remember what generic advice they came here to spit out. When I said "emphasis on dividends," I was talking about the trend in recent decades for companies to pay out dividends whether or not a company has excess profit to do so. Investors want their dividends, dividends, dividends. I'm glad your ego thought I was talking about you specifically, but I wasn't, and I won't be in the future either. And for posterity's sake, that "newsflash" comment up there was sarcasm.

P.P.S. If the market would have crashed and stayed depressed, you'd be fucked. You did the least amount of work possible to gain your wealth, and the only reason it worked, is because that's how the market worked. Pat yourself on the back for your patience (now that was an actual kudos and not sarcasm).

>>446654
>I was talking about the trend in recent decades for companies to pay out dividends whether or not a company has excess profit to do so.
Um, the S&P dividend yield has been pretty much flat or decreasing for the last 20 years. For the last 10 years or so, it's been sitting at near historic lows.

http://www.multpl.com/s-p-500-dividend-yield/

>>446654
>the market would have crashed and stayed depressed, you'd be fucked
Yeah, the thing is, the markets don't do that. So why bother mentioning it? In fact, I'm not sure I see any evidence of a cogent point or contribution to this discussion in any of your posts.

>>446314
Heh, I was just about to say "Oh the irony" and then saw that someone else said it first.

By your logic, you could never assume anything about anyone because you're "biased". From the replies I've seen, everyone pretty much agrees that that's the impression you give off.

Oh, and protip: psychology is basically all bullshit.

>>446366
>Tell me i'm going to fail I'm 15 months
>Don't post spiderman pics and expect me to be nice

You were not being "nice" before I said you mad

Just a reminder

>>445717
>occured pre-market and I immediately closed the position

You and anyone else that was trading the same trash momentum stock. The question is, did it recover during normal trading, or keep sliding?

>>446634
>100% true, and yet the majority of retail investors (and nearly all retail traders) fail to follow this simple advice.

But that's boring. Some people like the thrill of the short-to-medium term trading game.

Also, you can do both, you know - have a long term passive portfolio and an active trading portfolio.

>>446758
tl,dr please?

>>446702
>Yeah, the thing is, the markets don't do that.
>what is Japan
>>446758
It's funny how so many people worship Buffett. What iHaz said about Buffett is true, he has underperformed the S&P 500 numerous times. And when he has "outperformed" the indices, it's impossible to tell whether he did it on a risk adjusted basis. He uses leverage, sells options and does all kinds of very risky things that generate excess returns but with far more risk.

Not to mention the fact that he's only still in business because of the bailouts (mega LEL).

Oh and I should mention that Buffett recommends that you invest in index funds. So if you really did respect Buffett, you would be in agreement with iHaz and all the other Bogleheads on this board.

>>446770
Kept sliding I got lucky and I learnt my lesson

No position in $VRNG patent troll, but condolences to any motherfucker who was long it today. You had about two minutes between the court's appeal ruling coming out and the trading halt to punch out. Unless you had stops in play and they actually fired, you were boned today to the tune of -70%

could be worse

https://www.youtube.com/watch?v=vIMwMsY0ndo

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>>446983
>youtradegold.com
shill plz go

>>446983
Throughout the history of gold rushed, the people who made the most money were the ones who sold shovels and pick axes

>>446795
>>what is Japan
Yeah, I suppose every rule has to have an exception or it can't be a rule. In all honesty, I get my head around Japan's market problems. They are more similar than different to the U.S., but when they try monetary policy (e.g., quantitative easing back in 2001) it always backfires.

>>446795
>What iHaz said about Buffett is true
The other thing people miss is that I've never said BRK is a bad investment. I own it myself, as a (modest) hedge against market headwinds. But I don't think Warren walks on water, unlike some of the drones on this board.

>>445662
Stock market is very important for the economy, it shouldn't be ruled by emotional girls like you. Please let it to the rational and intelligent people and go find a job at some Burguer king.

>>447000
pisses me off when i see tripfags get dubs, but even moreso when they are right.

fuck you anyway, ihaz.

>>446702
I wasn't talking about yield, putz. I was talking about growth.