FINALLY! I can move back to Fatwallet Finance! As some of you know, I have kept a very active thread on the stock market for the past 3 years, but due to restrictions of specific stock discussions, I had to create this over at ATOT.
In the coming days, I will import a few important things from my threads over there - hoping this would be a commentary to discuss the general market and specific stocks we are investing in.
I specialize in companies embroiled in litigation and small bios with high-potential drugs pushing through Phase III/FDA approval, and look forward to other discussions about other sectors I am not too familiar with.
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TBU has too high of a P/B and P/E ratio to be considered. Perhaps during the next market slide it might be a good opportunity, provided they don't drop their dividend again.
Cerdo said:This message board is going down to the quality of Yahoo Finance. Time to find a new place that is not full of stock pick boasting.
If it starts to take over the board, we'll look into solutions. Like MVP said in another thread My vision of it wasn't really to make it a place to encourage stock discussion, but more of change that would stop the *OH NOES, SOMEONE SAID THEY LIKE APPLE STOCK MUST DELETE IT NOW* and not have to worry about a couple mentions here and there. If it becomes a huge deal, we'll look into options then. I don't know that it will become a hot new subject, but we're generally pretty flexible.
Hopefully people will consolidate the discussion to a couple of threads, rather than crowding the board with a different thread for each stock. Maybe make some "official" threads to keep the discussion consolidated?
Message edited by: MarsdenFubar on 2009-10-19 14:17:03 CDT
I go with Scottrade and normally mess around the idea of casino stock, def short term (five years or so), just the house always wins kinda mentality is why I invest in them and also mess with Drug companies as OP said the ones that are about to get their FDA approval. Good post. Let learn something here..
This thread may turn out to be beneficial if it concentrates on meaningful and quality discussions on stock market/stocks; unlike the existing thread that few report on their daily minimal gains/losses and joy/regrets.
Message edited by: 76hhma on 2009-10-22 15:33:11 CDT
I like to mention this whenever stock trading starts getting discussed so I'll go ahead and get it out of the way.
Online poker is easier to beat and far less risky than the stock market. You risk microscopic parts of your bankroll at a time rather than the huge chunks of a typical stock trader. Improving your game and stat tracking is also much easier. Taxes are also much simpler. You can also figure out if you have no aptitude for it at low stakes before you lose tons of money like a lot of amateur stock traders end up doing.
I'm not going to post my own graphs here but here are what some good players' stats look like:
SuperMxyz said:I like to mention this whenever stock trading starts getting discussed so I'll go ahead and get it out of the way.
Online poker is easier to beat and far less risky than the stock market. You risk microscopic parts of your bankroll at a time rather than the huge chunks of a typical stock trader. Improving your game and stat tracking is also much easier. Taxes are also much simpler. You can also figure out if you have no aptitude for it at low stakes before you lose tons of money like a lot of amateur stock traders end up doing.
I'm not going to post my own graphs here but here are what some good players' stats look like:
Well you could trade stocks with low amounts of your bankroll as well. You can figure out if you have no aptitude as well before you lose tons of money.
Now just because people don't manage their bankroll properly in the market doesn't mean it isn't possible.
I don't know if non-poker players have lived through seeing the compounding of tiny statistical advantages over hundreds of thousands of iterations.
On the lowest stakes of poker your maximum downside is $2 for a full buyin of 2 cent big blind No Limit Hold 'Em. A pro can easily play about 30,000 hands a month with multitabling. With at least one decision per hand, that's a minimum of 30,000 transactions a month. This is not feasible in the stock market without high-frequency trading software which is not the same as stock trading. Poker is similar to high frequency trading in that it exploits small advantages, but it exploits them by using many iterations rather than large amounts of capital.
Are there brokerage houses that let you do 30,000 $0.50 average transactions a month without killing you with fees? What would your taxes look like?
SuperMxyz said:I like to mention this whenever stock trading starts getting discussed so I'll go ahead and get it out of the way.
Online poker is easier to beat and far less risky than the stock market. You risk microscopic parts of your bankroll at a time rather than the huge chunks of a typical stock trader. Improving your game and stat tracking is also much easier. Taxes are also much simpler. You can also figure out if you have no aptitude for it at low stakes before you lose tons of money like a lot of amateur stock traders end up doing.
I'm not going to post my own graphs here but here are what some good players' stats look like:
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