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[Volimar]

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I never had a head for this kind of thing, but since you seem intent on it, I wish you the best of luck.

 

[Shao Kahn Brewing a Stew]

You can buy one Apple share

Nope. Can't even do that. Have to buy smaller shares.

 

[Joe Shlabotnik]

For all of those saying I will lose, chances are I will, and I'm well aware of that. The real reason I'm doing this is because I feel having more eyes on my trades will force me to act more disciplined and less reckless as I have before, and hey, if I make some decent profit that's good. $100k is just a nice number.

On the other hand, good things happen. Here's the trading log of a guy who inspired me, from $2k to over $100k:

Well that guy rode out the crash OK.

 

[ThankeeSai]

wish i could understand this shit

This.

Subbed.

Good luck OP!

 

[Timedog]

Subscribed. And yes, OP, a FAQ for those that are interested would make for a better thread, as people would have a better idea of what was going on, and they could also fancy trying something like this out for themselves if you do well.

I'm also interested because I just started getting into reading about this kind of stuff and want to start investing within the next year.

 

[I'm an expert]

For all of those saying I will lose, chances are I will, and I'm well aware of that. The real reason I'm doing this is because I feel having more eyes on my trades will force me to act more disciplined and less reckless as I have before, and hey, if I make some decent profit that's good. $100k is just a nice number.

On the other hand, good things happen. Here's the trading log of a guy who inspired me, from $2k to over $100k:

Man.. I know it's all hindsight.. but if this guy had just done a few things different haha. Chaching. Maybe he did though, it's only till the end of 08.

 

[hwalker84]

I work in this industry so I'm interested to see how this turns out. Good luck.

 

[Kinitari]

Maybe someone can set up a virtual-stock game and GAF can play along with fake money

 

[shadowsdarknes]

Try this: If you receive a return of 20k, take out 10k to cut your losses. Rinse and repeat.

 

[TGateKeeper]

You have a better chance with lottery scratchers.

I am tempted to put this to a test.

 

[jaxword]

Maybe someone can set up a virtual-stock game and GAF can play along with fake money

This is a really, really, really, really, really good idea.

 

[equap]

so do you use something like E-Trade and you just buy low and sell high?

what about tax on your gain?

do you have to be active with your trades? or do you trust in e-trade (example) to be active for you?

I have a day job, i can't be 100% or 75% focus on this trading stuff. do you have a day job?

how do you know which stock to buy? heavily researched or just go with what's popular (apple)??

 

[DietRob]

Maybe someone can set up a virtual-stock game and GAF can play along with fake money

http://simulator.investopedia.com/#axzz27fuFEfqV

 

[I'm an expert]

Try this: If you receive a return of 20k, take out 10k to cut your losses. Rinse and repeat.

If you look at the charts the op posted, that investor very rarely goes above 50% and only goes all in once to ride the Apple rebound. Otherwise he's fairly cautious.

 

[MVP]

eyeing GOOG, may break all-time high today, may be my first trade

 

[Schattenjäger]

If we all follow his exact moves, wouldn't that cut into his profits (or losses) ?

 

[I'm an expert]

eyeing GOOG, may break all-time high today, may be my first trade

Haha so weird I just checked it 10 secs ago and noticed that.

 

[MVP]

EDIT - I fucking love spreadsheets like that, OP needs to keep track that way so we can follow it easy.

Yeah I need to build up some trades first, then I'll display them in a way that's easier to read. I just may not survive past 3 trades so I'm holding out on that lol

 

[Unhandled Exception]

Subscribed. I've been tempted to give this a shot, maybe a colossal failure will put it to rest.

 

[MVP]

If we all follow his exact moves, wouldn't that cut into his profits (or losses) ?

No, unless you choose the exact expiry and strike price as I do, and are playing with enough money to move the ask prices

 

[injurai]

best of luck to you. I really should learn all this "high risk investment" stuff. Knowledge is power and power is money. So I guess knowledge is time... dammit I don't want to invest time :\

 

[RepairmanJack]

Subscribed! Interested in how this plays out. Good luck OP!

 

[CrankyJay]

so do you use something like E-Trade and you just buy low and sell high?

Heck if only it were that easy. Besides technicals (which the market hasn't been following lately) it's near impossible to figure out the swings.

 

[Red Liquorice]

wish i could understand this shit

Me too. As it is I don't have a pot to piss in, so it would be useless even if I did understand.

Good luck OP!

 

[Black1ce]

http://simulator.investopedia.com/#axzz27fuFEfqV

That's the website we use in my Portfolio management class. You should note that because this is a simulation, there are some drawbacks - the biggest being that there's a 20 min delay on each transaction. Overall, it worked pretty well.

 

[bjork]

I'm interested in seeing how this unfolds, but like others here I wish I had a working knowledge of any of this stuff. I wish I knew more about both stocks and horse racing.

 

[DietRob]

I created a GAF 100k Challenge game on Investopedia but I'm not sure how to link to it other than having peoples email address that are interested.

I know it may seem kinda shady but I'm not a spammer doods. If you want in the game PM me a throwaway email address and I'll send you an invite.



Damn, I was hoping it would let me set the starting amount as $1405.35 but it won't.

Options are

 

[AdventureMike]

I'm hoping good things come out of this, because I think this is damn interesting.

We're all cheering for you OP!!

 

[Prezhulio]

really tempted to buy some biogen idec, they are on a fucking roll.

 

[David Incorporated Esq.]

I'm hoping good things come out of this, because I think this is damn interesting.

We're all cheering for you OP!!

No cheeto-stained neckbeards. Not GAF.

 

[Black1ce]

I created a GAF 100k Challenge game on Investopedia but I'm not sure how to link to it other than having peoples email address that are interested.

I know it may seem kinda shady but I'm not a spammer doods. If you want in the game PM me a throwaway email address and I'll send you an invite.

Count me in! I'll PM my email later today.

 

[EVOL 100%]

Subscribed.

Will it end in tears or tears? Either way it'll be entertaining.

Seriously though, good luck man.

 

[ggnoobIGN]

For all of those saying I will lose, chances are I will, and I'm well aware of that. The real reason I'm doing this is because I feel having more eyes on my trades will force me to act more disciplined and less reckless as I have before, and hey, if I make some decent profit that's good. $100k is just a nice number.

On the other hand, good things happen. Here's the trading log of a guy who inspired me, from $2k to over $100k:

Trading during 08 and 09 was ridiculously easy.

 

[ZeroRay]

I created a GAF 100k Challenge game on Investopedia but I'm not sure how to link to it other than having peoples email address that are interested.

I know it may seem kinda shady but I'm not a spammer doods. If you want in the game PM me a throwaway email address and I'll send you an invite.



Damn, I was hoping it would let me set the starting amount as $1405.35 but it won't.

Options are

Sounds fun! I'll join, though I won't be able to start till Monday.

 

[demosthenes]

so do you use something like E-Trade and you just buy low and sell high?

what about tax on your gain?

do you have to be active with your trades? or do you trust in e-trade (example) to be active for you?

I have a day job, i can't be 100% or 75% focus on this trading stuff. do you have a day job?

how do you know which stock to buy? heavily researched or just go with what's popular (apple)??

You should read the OP.

 

[MVP]

Trading during 08 and 09 was ridiculously easy.

This is true, but he mixes in some puts as well, so he's not just betting on random stocks to recover.

 

[Zombie James]

Hm, this should be interesting to follow. I've always thought about investing in stocks, but the risk always seems way too high.

 

[Brera]

Good luck dude!

I've got £1000 laying around as well. I'll see how you go and try my luck (again)

 

[David Incorporated Esq.]

I'm getting into the Investopedia game and... oh god I am so lost. Why is it never easy to understand this shit?

 

[Kinyou]

No cheeto-stained neckbeards. Not GAF.

 

[freenudemacusers]

hmm, i have $1,400...

 

[MVP]

Hm, this should be interesting to follow. I've always thought about investing in stocks, but the risk always seems way too high.

If you think the risk on individual stocks is high, options are 10x higher, maybe more. I could bet on a longshot call option that expires tomorrow and have it expire worthless and lose all my money if I want to.

On an individual stock, it's nearly impossible to lose ALL of your money in one day, even a week. I mean you'd have to really TRY to lose everything, and you still couldn't. You'd have to find a company that has hired lawyers to go into bankruptcy, go all-in the day before betting on them not doing it, and even if they do, you'll lose a big chunk, but not everything.

 

[Shao Kahn Brewing a Stew]

hmm, i have $1,400...

I'll have $1,400 by the end of the day.

Spoiler

99% of gaffers live paycheck to paycheck?

 

[DietRob]

OK so this investopedia game is starting at 10k and we'll go from there. PM me a throw away email address if you want to join. It will be a private game and I'll send you the password in the invite email.

Hey OP sorry for hijacking your thread. If someone wants to create a thread for this investopedia challenge go for it. I don't like making threads.

 

[ezrarh]

Hm, this should be interesting to follow. I've always thought about investing in stocks, but the risk always seems way too high.

If you do the boring stuff like buy and hold long term it's not very risky at all.

 

[Stridone]

wish i could understand this shit

Pick up a book or you know, use Google.

 

[Ermc_G6]

Subbed and will be watching with interest.


Maybe MVP could just start a GAF mutual fund and we all give him our money to invest for us.

 

[Dynamite Shikoku]

hmm, i have $1,400...

I have $14,000, so i could make a million

 

[Shao Kahn Brewing a Stew]

Pick up a book or you know, use Google.

Jee whiz. You're so informative!

 

[GregLombardi]

If you think the risk on individual stocks is high, options are 10x higher, maybe more. I could bet on a longshot call option that expires tomorrow and have it expire worthless and lose all my money if I want to.

On an individual stock, it's nearly impossible to lose ALL of your money in one day, even a week. I mean you'd have to really TRY to lose everything, and you still couldn't. You'd have to find a company that has hired lawyers to go into bankruptcy, go all-in the day before betting on them not doing it, and even if they do, you'll lose a big chunk, but not everything.

This is why one covers their options...options are super glorified gambling, with the twist that the information on the cards in other people's hands is right in front of you if you know what to look at. That last part is the trickiest, in the end, for most people. Good luck sir!