Been doing this since 86 and have done pretty good until the gooberment decided to interfere. Lost about 30% of my port and it's been slow going ever since but I'm slowly getting back to even before the crap hit the fan.....
Stock traders here?
- Thread starter Cranky
- Start date
Joe Mopar
Well-Known Member
I've lost plenty through the years. Like you said it's been continuously inching it's way up.
I made my own fix by cashing out some played out stocks and realizing that dividend producres were "on sale" (several months before I heard it on TV). I took about a 15% hit but am back to +10% positive with a 7-8% income to boot.
Not trying to push anything but you might take a look at NLY. Here lately, buying below 18 is usually not hard. Yes, I do own some. C has been good for day trading and so has F but wait until this downturn hits support....
Might just be us three.....
Another tale or two...
Just for kicks, I added Goldman Sachs to my watch list at $1.60.
Now it's $160. HAHAHAHAHA...oh, wait, WAAAAAAAAAAAAAAA!
Back in 97 a friend and I noticed Apple bobbing between $3 and $6.
It had done this about 8 times in the last few years.
I had an idea to buy 100 shares at $3, then sell at $6, and keep going, increasing the shares each time.
How many shares would I have if I had done that for the last 14 years?
What's Apple going for today...$400????
Another tale or two...
Just for kicks, I added Goldman Sachs to my watch list at $1.60.
Now it's $160. HAHAHAHAHA...oh, wait, WAAAAAAAAAAAAAAA!
Back in 97 a friend and I noticed Apple bobbing between $3 and $6.
It had done this about 8 times in the last few years.
I had an idea to buy 100 shares at $3, then sell at $6, and keep going, increasing the shares each time.
How many shares would I have if I had done that for the last 14 years?
What's Apple going for today...$400????
scotts74birds
Well-Known Member
I DID buy a shitload of Ford at $3.10 last year for the 401k
69 Runner
ADMIN wif a corner office (Deceased - RIP)
Didn't buy a shitload, but I bought Ford common for under $2 and preferred for under $8.
Back in 80 I guess when Chrysler was coming back, they had a secondary IPO and I didn't have any money to speak of but my dad did and I tried to get him to buy a 1000 shares but he wouldn't do it. I started trading at work with my Thrift Fund in 86 with 12000 bucks and doubled it within a year. I was hooked lol. I doubled again within 15 months was was about to again when the company tied our hands and limited us on how many trades we could do within a months time....which was just 1 trade. Not a round trip mind you but 6 round trips a year. The company said they were doing this for "your own good"! Buttwipes....don't protect me from myself cause I don't need it but in reality, they got over whelmed with all the orders. When I first hired on, there were only a few people in the shop that were trading and within a few years, over half the shop was in it lol but I can only imagine how much was going on company wide.
Btw, AAPL is 308 as I type.....
lol When my dad passed away, I took a leave of absence from my job to settle his estate and had some time to paper trade to see if I had what it took. I did so I retired a few years later at 55 and did really well until the economy cratered. I need to just get back to my old strategies I think. They still seem to be valid. I have my long term stocks and ones I day trade but I need to lighten up on some of the ones that I'm holding long term that were not planned on being long term....
1970Moparmann
Well-Known Member
I put some rat hole money in the market a little over 2 years ago, and it climbed up quickly and it keeps going up a couple thou a month. Yea baby...
What did you get into?
1970Moparmann
Well-Known Member
One of my customers was going through a tough time a couple of years ago and the stock just kept going down..... I purchased it at .80 a share, and it's been climbing up and up. The company did file for bankruptcy, but since there was a value to the stock, the stock holders still held onto the shares. It is now at $16 a share. Wish I put in boat loads of stock into it. It is GGP. My other stocks are doing ok, but nothing major.
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