Careful with the penny/dollar stocks... you can definitely lose your money as fast as you gain it- right now it's like you are up 5k playing BJ.. you think you are the **** now but you should walk away with the profit because it is easy to give it all back and more...

I'm not defensive or dumb enough to refer to myself as a genius when I know the outcome is ultimately random. At first it was just an idea to earn more on my money as opposed to keeping it in a money market account.

My goal now is to steadily teach myself enough about investing, while continuing to invest in individual stock in hopes to earn a high return on my inexperienced investment strategy.

This money I used to invest is just sitting around without much need. I'm a federal manager who earns a six figure salary with only a high school degree. (I am in college now) I've earned close to 150k playing poker since 2008 with a 3k bankroll. I'm fully vested in my work thrift savings plan that matches my contributions up to 10% dollar for dollar. My wife and I have yearly maxed out our IRA for the past 4 years.

I've decided to take a shot in the stock market with no experience and minimal knowledge other than personal reading and learning sites. I've been successful and lucky in everything else in life, I figure this should be easy enough.

I didn't start this thread for people to get pissy with me, it was just an idea I expressed.

I agree, that's why I should it at a profit and won't repurchase unless it goes down to a price I feel it can go back up from.

He's claiming to have sold this stock at the exact peak, which lasted like 20 minutes lol

Substitute investing for poker here and think about what you'd think of a poker noob making a similar post, justifying why he's playing $200/400 NL after reading two poker books and a few threads in HSNL.

You should do exactly what you'd tell that poker player to do. Put 95% of that money back where it is safe and play for small stakes while you are learning.

Clearly you don't understand because this is exactly the opposite of what I just mentioned. Promise at least you'll honestly document your losses so other people can learn from your mistakes.

the ev of the stock market is >.1% a year

ally checking accounts pay .8% if you have at least 20k and might go higher im not sure after that

"the stock market" != flinging poo at random penny stocks, trading in-and-out of stocks within a few weeks etc. if he put all of his money into an index fund and left it alone, that would be fine and probably better over the long run than a money market account. that's not what he's doing though.

the exact peak was 1.91.

The ev of investing in stock is less than a tenth of a percentage point per year? Where did you come up with that?

I will every 14th of each month. If I lose I lose and if I win I win. The only difference is I know I don't know, you think you know.

What does your stock portfolio look like?

Not sure what you mean by 'you think you know' but I never claimed I know anything. This just sounds exactly like what everyone else who starts in the stock market- I was (am) no different. Just telling you to be careful that's all. Will be following the thread for a sweat- gl!

go back to 3rd grade and learn how to read great than and less than signs

this just made you look a whole lot dumber than most previously already thought

sorry for the misunderstanding. thanks for the advice

you got me. i can't fit into the desks anymore

do you realize you've taken time from your life to upload a kate upton picture to prove you're "cool" and like sexy women. Do you also realize you took the time to notice and reply to correcting a > symbol mistake?

i replied to it because of your ridiculous response and misunderstanding. it was pretty pertinent to the thread and offers a ton of insight into your lack of attention to detail.

You're right, I misread the whole chain of posts.

Two largest positions are long JNK and short FB.

Meh everyone on here hating on him, but the fact is aapl was $650 a month ago and $700 now. SPY up 3%, aapl up 8% in the past month.

well aapl's beta is above 1 and even a dead clock could be right twice a day.

I find it hilarious that on a poker forum people don't realize how flawed this thinking is.

You seriously think a good result is evidence of a good decision? Really???

He gambled with a negative expectation and (so far) won. Nothing more.

Prove it was -EV? This is not a poker hand where the odds of winning are fixed and known. In general the stock market goes up over time. As others have stated it was absolutely more risky than a mm account or SPY and the chances of losing money was >0% but that does not make it -EV.

lol

So I can throw darts at the business section and buy whichever stocks the darts hit and be making a +EV bet? Because that's basically what he is doing. Read the thread and the stocks he bought (it wasn't just AAPL).