QuackerSmacker
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Posts posted by QuackerSmacker
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4 minutes ago, jgradyc said:
Once I determine likely market direction and likely sector direction, I depend on charting to pick individual stocks, specifically Bollinger Bands, Fibonacci ratios, moving averages. These were difficult to do until about 20-25 years ago. Today, I just select them and poof! they appear.
Ah, yes! For technical analysis (charting stuff) the tools, ease of use, and speed that we have now are fantastic compared to the days of old.
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40 minutes ago, jgradyc said:
I mostly use Schwab, but I also have a TDAmeritrade account and I'm learning how to use their Sinkorswim platform. In fact, I'm ordering two monitors to let me see more on the screen. I don't day trade... way too stressful. Instead, I buy with the intent of holding for a few weeks or months.
As a retired financial planner, I held a stockbroker's license for many years. It used to be much harder to beat the market because information was so hard to come by, but now it's at your fingertips.
Still, my best call of the year was low tech. When it became apparent that Biden might win, I sold some tech stocks and invested heavily in cannabis stocks. Immediately after the election, I added to the position. I'm up a lot in those 8 stocks, but in retrospect, I could have thrown darts at a list of cannabis stocks and made money in November. Whenever I start thinking I'm good at this, I remember what John Kenneth Galbraith said... "Genius is a rising stock market."
I found your comment that "It used to be much harder to beat the market because information was so hard to come by, but now it's at your fingertips" to be very interesting.
I have a totally different take on it. In the old days (70s, 80s, early 90s) when humans made trading decisions, I thought it was much easier to read the ebb and flow of fear and greed around individual stocks as well as the market as a whole. Today most of the trading is computer driven, and everyone can get the same information you're talking about. So not understanding algorithms, and not wanting to bash my brain with information, I sure miss the old days!
That said, for investing (not day trading) I've always said that the big success formula requires anticipating the perception of reality.
The ultimate reality doesn't matter unless it's perceived the way you needed it to be, and you needed to get in ahead of the money that raised the value of your investment. So it's a 3 step process, and relatively few folks can actually do that, and the ones that can really do it are rich and famous. Hi Warren!
I have accts at TD Ameritrade and eTrade. I like almost everything about TD better, so will consolidate there soon. I hope the merger with Schwab does not mess them up.
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41 minutes ago, BlessTheUSA said:
Edit. Please delete. No point in debating those who are convinced otherwise.
To those willing to reason - consider that if it was easy to "outperform" the market, everyone would do it. Be wise - it's your retirement.
If you're referring to my comments, with all due respect, I did not say or imply that it is easy to outperform the market, indeed, my comment said it required extraordinary qualities to do that. And luck sometimes plays a factor, but I believe that luck usually only gets activated when someone puts himself in a position to recognize it and take action, FWIW.
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Wow this is a conservative group. I was a stockbroker for 40 years. Yes, for the average investor, index funds area absolutely the way to go. For those with more knowledge, talent, resources, and risk tolerance, there can be magnificent opportunities. (And neither way has any guarantees.)
But the notion that "no one can beat the market" is just not rational. It's a bell shaped curve. And I have seen, and helped, some investors to achieve great success, usually through low diversification and holding a few great stocks very long term. And I will freely admit that the best ideas were usually theirs!
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My best shots this year, EXPI and RIOT, got em both in July. Now 4X and 3X . They're just getting started. IMHO, of course.
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Hey Doug, so glad you're back with us! Happy ThanksGiving and best wishes for the holidays ahead!
Q
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.357 with 6 seems preferable to .45 with 5.
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The "My Pillow" guy chipped in for Kyle's bail.
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Bang, Cook, Eat. It's an overgrown dove anyway. Poop problem solved, and mmmmmmm ---- mmmmmm good.
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Has to do with the bankruptcy of Remington. Looks like an outfit named the Roundhill Group bought Storm Lake. Roundhill specializes in manufacturing paintball guns.
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Hey, Okie, I'm in real estate and have connections all over Tennessee. Please PM me with your contact info, and we'll get you a ranch!
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At least it's a beautiful state to drive through. Doing it tomorrow.
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Armslist has recently had to pay incredibly huge legal bills to defend incredibly bogus lawsuits by the Anti's. That's probably got a lot to do with it.
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Big Time Welcome to eastern Tennessee! Life is great here!
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Congrats!!!!!!!!!!!
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3 hours ago, Magiccarpetrides said:
they arent going to get any cheaper price gouged or not your gonna look back one day when they are bringing $2500-3000 and go "man $1995 was a good deal" ;-D
If i was into guns as an investment (im not) this would be one i wouldnt care to pay a little more for.
Curious if you meant "wouldn't care to pay..." or maybe "wouldn't care about paying" ....?
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My deepest condolences, Doug.
A friend of mine has a sign in his man-cave that says "Be the person your dog thinks you are!"
I hope you'll get another chance to prove that yet again.
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Sooooooooooooo, Are those beasts good eatin'?
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It's amazing how fact situations are almost always vastly different.
Years ago, in ILLannoy, I got caught up in a stock certificate counterfeiting sting operation with the FBI, and some real bad guys that were running that operation out of about a dozen cities. When the bad guys found out I was involved, they started hanging out around my house, among other things. Time after time, I would call the local cops and they would show up and the bad guys would leave. It was a regular thing. Then one time they showed up , and the cops were not available, for a long time. The bad guys called my phone (which new number I had gotten only that day, but somehow they had it) and they said "Whatcha gonna do now?"
And I yelled, "Watch your 6 a**holes" and charged around the house and up behind that car with my 12 gauge, screaming like a maniac. They got the hell outta there at warp speed.
No, that wasn't the last of them, but I did get their license # , and the FBI paid them a visit and told them to NEVER show up around our house again, and they didn't.
There were other crazy repercussions, phone threats against my kids, even my dog! ---but they never showed up at my house again. The local cops and the FBI agents were spectacular in the way they handled this months-long investigation.
Eventually It was a major multi-city bust. When I was asked for my sentencing recommendation, I said, "Death penalty, maybe?"
Yeah, maybe it was nuts to charge out there that night, but I was ready to blast them. It's amazing what adrenalin can do.
Would I advise anyone to do that? NO! But I was young and stupid. Now I'm just old and stupid!
So that's my self-defense encounter story.
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It's actually been a hot seller's market in Eastern TN for awhile. It started before the most recent stuff. We've had a shortage of listings for months, and now that is going to be really exacerbated by the city slickers from other parts that suddenly really want out of where they are and are almost desperate to buy in a wonderful part of the world like ---- Eastern Tennessee! I've been surprised that the demand hasn't yet really moved prices up all that much, but classic economics says that's absolutely next. So anyone thinking about moving here needs to have a realistic plan, be able to make smart decisions quickly, and have a very good realtor.
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You done good! Welcome! PM sent
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On 6/27/2020 at 8:50 AM, E4 No More said:
Technical correction: there is no such thing as virus spores. They are looking for the virus itself. Mold forms spores.
This just-updated article from the FDA is a comprehensive discussion about testing for the virus, both to see if you have it, or if you've had it before.
https://www.fda.gov/consumers/consumer-updates/coronavirus-testing-basics
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4 hours ago, lock n' load said:
I think a dash cam would be a good idea but I do have a question. I assume most if not all come with a microphone to record audio. Let's say you are stuck in the middle of a situation and while assessing the situation you utter some ill or choice words about the situation or the people causing the mayhem to either yourself or a passenger. If the situation were to require deadly force to save yourself or a loved one, I would think the audio may discredit the use of force because you showed some type of negative "bias" or "ill-will" prior to using force. I don't know if most people would remember that their words are also being recorded and think about what they say while a situation unfolds. What's y'all's thoughts?
Well, you're in control of the dash cam, right? So keep what you need and delete what doesn't work for you. Do it before anyone else has access to it and you're good. It's your property. If you mess with it after anyone (LEO or anyone else) has access to it, then you're gonna be in a conflict about your own stuff. That won't play out well. My comments assume you're innocent. If other evidence overwhelmingly indicates that you're not innocent, then you might face a charge of destroying evidence, but if it gets that far you're already toast.
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7 hours ago, Moped said:
I see no disernible difference between the two cities anymore. Both have high crime rates and are liberal bastions within this great state. Memphis has just been going about it a lot longer and the power elite there are more entrenched and possibly more corrupt. That last not may not be totally true, though. Together, both will end up turning Tennesee Blue, before too much longer.
That is so sad, but I fear it's true. It's too bad Wyoming is so damn cold in the winter!
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Steelharp
in General Chat
Posted
Sure sounds like a great guy. Though his death is certainly a sad event, I have enjoyed reading all these posts and really wish I'd met him. Prayers and blessings for his family.