Random Thoughts.....What Are You Thinking?

In some cases, getting married is a guaranteed loss.......

/kiddingdon'tkillme!

I personally know pretty much nothing about the stock market, but I was talking to a guest at where I work who is a day trader a while back. He lost around $200k in a day then turned around and made over twice that back in the next two days.

Of course he could be talking out of his *** but with the car he was driving and the type of suit he had on (don't remember the suit brand now, was a few months ago) it seemed plausible. He seemed fairly knowledgeable about stocks and what to watch for though. I do remember him saying he started out with $130k to "play with" on buying/selling stock.

If you want a high paying high stress job become a hedge fund manager.

Hell I tried making money on the GTA V stock market it is just as confusing as real life.

It is actually a pretty good virtual stock market.

If I had 20k a day to spend. I'd spend most of it on hookers and booze.

Earning that much in the marketplace is possible, but these stories are actually uncommon.

I have friends (within the same age group and financial status as I am) who are day traders. These guys ask me for tax advice all the time, so I'm a little knowledgeable about how much they make per year.

Every single one of these people have not made a cent during their entire "careers" as day traders. Mind you, these guys individually can run between $500 billion to a little over a trillion of trades per year (which is very easy to do if you buy/sell multiple times per day). Their losses generally are $40-100k per year, but they don't see it that way because if you take commissions out of the picture, they actually gained $200-500k per year.

It's the commissions that kill you the most. That's what's dangerous for day traders.

I would have loved to gotten Facebook stock in say 2005 or so.

The problem with Facebook and other social media is they can go the way of Myspace.

I remember when everyone had a Myspace now it is some music site.

If you would have gotten in on FB from the IPO you could have made a lot of money.

Facebook IPO stock was at like 18-25 a share now it is up to 79.

Oh, well, if you want to know which stocks are more susceptible to day/night values, look at those who rely heavily on international trade and inventory.

For example: Walmart, Motorola, Toyota, GM, Mitsubishi, BMW, Electrolux, Ericsson, Sony, Rosneft just to name a few off the top of my head.

Best way to determine those types of companies, Forbes pulls a list out together yearly. Another list you might want to familiarize yourself with is Inc.com 5000 fastest growing companies.

No.

Don't do it. Bitcoins are a bad investment, as there are so many inherent problems associated with it.

Seriously, don't invest in bitcoins, there are too many issues, along with rampant theft and low regulatory factors associated with currency and exchanges.

The risk to way too great for little to no reward.

I think bitcoins are a scam until proven otherwise !

Creating a virtual currency you would be better off buying gil for XI...

Those companies actually make a killing.

The concept of bitcoins is a neat and nice concept, however with too many inherent flaws and lack of real value creating tools, it will never go beyond it's initial stages.

NP

Scragg pays us entirely in Dogecoin. He's such a kind man; such kind, very man. Wow.

Dat Yukiko.

Tomorrow is the anticipated release of DBX!