The Stock Market

it doesn't. stop harshing my buzz.

if I do good on my own... maybe I can get some people willing to let me invest their money

have you considered applying for a job instead

Lorax were you the one who shorted the airline stocks on sep 10

I apply to jobs everyday (if I'm not depressed or irritable). Unemployment has been the leading cause of my depression over the past few years

xp no I wasn't. but the group that shorted the airline stocks are among an outlier that is incredibly significant

stock market tip: loiter by a stock exchange looking poor and if you are lucky, two rich old dudes with elevate you to wealth in an elaborate wager

stock market tip: don't spend your last few hundred dollars on the stock market

are stock options the same as put options?

"If you want to make lots of money in 6 months to 1 year, then I highly suggest that you buy HDY right now."

care to make this... interesting?

are you just trolling us at this point?

options are calls (long) and puts (short)

xpp, sure Philip. Buy HDY. And if your profits don't increase over 10% then you win. Otherwise I win

his profits

I think I once saw a stat on day-trading that 90% of them lose money, 8% break even, 2% make money.

10% over one year is pretty good if risk is small, but why not shoot for moon?
e.g.
if HDY doubles within one year, winner pays ILX's server costs for that year, otherwise loser does.

lorax, as much as i want you to go into day trading with your last $700 for my own amusement, please dont

it's already down to $700???? damn

Buy two shares of AAPL.

my parents pay for my food and lodging in iirc

lorax you should read this book

http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393315290

I have an advantage on the stock market because of who I am

― Muttley vs. Mumbly (CaptainLorax), Thursday, June 2, 2011 3:22 PM (31 minutes ago) Bookmark

<3

I believe in you Lorax but for Christ's sake save that $.

this money doesn't mean that much to me you guys

then try intrade or sports betting

this money doesn't mean that much to me you guys

― Muttley vs. Mumbly (CaptainLorax), Thursday, June 2, 2011 2:55 PM (36 seconds ago)

cool, I'll give you $400 for it

I placed a bet for a friend once whether Nacho Libre would have a better opening than Fast & Furious: Tokyo Drift, and it was pretty fun, and I'm willing to some extent to repeat this for an ILX stock bet throwdown, if y'all are interested -- there's a way to do it that no one ought to risk any money, and if I do it right, I'll come out marginally ahead in most cases.

the stock market is less risky than sports betting (imo)
and just looking at intrade and uhh this is interesting but way too weird for me to join

...

you might live w/ your parents right now but one day you won't (hopefully...) and then you will want to buy food and have to pay rent and when that day comes $750 will be very useful

That day won't come until I have a job. and when I have a job I'll have a salary

plus, I'm not gonna lose money in the stock market

you should use the money to take a class

invest... in yourself!

lorax, what do you hope your life looks like in ten years time

i think the really a+ securities traders have a clear sense of what they intend to be doing when they have made $x, $y

In ten years I'll probably have a wife and a job. If I have time/funds I'll try to make a graphic novel, children's book series or a screenplay.

may i ask, what is your educational/professional background? of course, everyone starts somewhere and financial institutions hire from many backgrounds

nonetheless, while an individual's success is hard to predict, areas of expertise are indicative of the way different traders behave

In ten years I'll probably have a wife and a job. If I have time/funds I'll try to make a graphic novel, children's book series or a screenplay.

I know this is probably all a joke, but in case it's not, I wouldn't feel right not responding to this. If you really have any interest at all in doing those things FFS do them now while you don't have a wife and a job and you're living rent free! Don't waste your time playing around with day trading.

I have a B.Sc. in Statistics from a top rated university

day trading isn't necessarily more detrimental to those things than say, an xbox!
(but an xbox probably would be pretty detrimental to those things.)

I currently do not have the drive for those creative endeavors that I mentioned... there is many reasons for this but I will hopefully get my drive back once a job adds some structure to my life

If you really have any interest at all in doing those things FFS do them now while you don't have a wife and a job and you're living rent free!

This is a very good point!! Creative work takes a lot of time.

When my dad was day trading we woke up every day hearing him yell "SHIT!" at the computer. Probably would not have started the day out like that if he was making a graphic novel.

ha xp

http://en.wikipedia.org/wiki/File:Laying_on_of_hands.jpg

xp
or if he had sold all his stock at the end of the previous day

I'm about to start a minimal amount of day trading. I know that June is a terrible time to start.

amazing

I imagine Chris Ware yells 'SHIT!' at his computer all the time, but instead of dropped orders, it's messed up page bleeds and color separations.

That day won't come until I have a job. and when I have a job I'll have a salary

plus, I'm not gonna lose money in the stock market
--Muttley vs. Mumbly (CaptainLorax)

dude I'm your age, I have a job, I have to pay rent and you know what I would really like right now that I don't have? $750. when I'm at my poorest I kick myself for all the times I've wasted money in the past.

I thought Chris Ware drew by hand!!

~~illusions shattered~~

but I will hopefully get my drive back once a job adds some structure to my life

You won't. If you don't have the discipline to do the work, then you're not going to do the work. Having added responsibilities is not going to somehow make it easier, it's going to make it harder, and put more excuses in the way of doing what you want to do.

Cap - I cannot more strongly emphasize the inadvisable folly of your "wait til I got wife and kids to begin the creative endeavor because I just dont have the drive right now in my free-spirited, unemployed 20s." I consider it good fortune if I can coordinate my drive with my free time long enough to get the lawn mowed or the laundry folded. take that $750 and invest it in some medicinally-enhanced efficiency, then get cracking on those children's books, young man! god help you if you wait until somebody wants you to actually do something.