[CircularMotion]

I'm a full time student;

ZERO loans.
ZERO debt.
My parents don't pay for my car payment.

I work 25 hours a week and I can keep up with my car payments, insurance, gas, food, liquor, eating out (food and bitches), shopping for toys, clothes etc and I pay for my own school; I also haven't asked my parents for a dime since I was 15 -- Now I'm 23.

Not a trust fund baby either..

My only vice is that I still live at home.

[Placey]

I repair these things... therefore...

Life has been pretty good lately

[Jay_328]

Originally Posted by CircularMotion

I also haven't asked my parents for a dime since I was 15 -- Now I'm 23.


My only vice is that I still live at home.

Dude you live w/ your parents so actually they are giving you plenty. no biggie tho, I'm just sayin' ... enjoy it while you can.

[Expired]

Originally Posted by gum5h03

Pardon me for saying this but I think you're nucking futz for wanting to be anywhere near the financial sector right now. Times are good right now but are going to get pretty lean for the next few months/years. You can use all the forumulas you want to long and short things but at the end of the day you're still at the mercy of public opinion. And IMHO the public is pretty stupid.

It's true that the public is stupid, and that's why I love them so much. It's because of them that I can make so much off of earnings reports.
Anyways, I only see it as being dangerous if you plan on holding a stock for more than a week.

Originally Posted by CircularMotion

I'm a full time student;

ZERO loans.
ZERO debt.
My parents don't pay for my car payment.

I work 25 hours a week and I can keep up with my car payments, insurance, gas, food, liquor, eating out (food and bitches), shopping for toys, clothes etc and I pay for my own school; I also haven't asked my parents for a dime since I was 15 -- Now I'm 23.

Not a trust fund baby either..

My only vice is that I still live at home.

Started saving up for a home?? If not, you will probably be adding a one onto that zero.. I plan to take advantage of free housing until I'm 22 or so as well. (Unless of course I have around 500k before then)

Originally Posted by Kiwirobbie

Everyone gets 5 weeks, from kids flipping burgers to CEO's. I think the French get 6 weeks.

Yepp, definitely moving out of the USA asap.

-Nathan

[Graham M]

40k, but I have a pretty damn laid back job that I love doing, so I'm fine with it.

[L8Apex]

Not enough to afford my dream!

[dimisa1977]

wow. what a thread. interesting read...

[KonigsTiger]

Finance it!! Hahahaha!

[jaiman]

Originally Posted by Expired

If I lived in an Ideal world, I wouldn't have said..


Please read my entire reply accurately and with an open mind.. This seems to be a big problem on these forums.

-Nathan

The problem is that you post absolute bullsh*t, that stems from a general lack of maturity and experience.

Unless, of course, you are the absolute best trader in the world. Better than Jim Simmons, Paul Tudor Jones and Driss Ben-Brahim combined.

But please starting this summer post up your trading record. I would make one suggestion though. if you think you can reliably get 3% on 6 trades every week, keep increasing your stake as you go, within 2 years you'll have 2.5 bln and you won't need to bother trading anymore.

[Expired]

Originally Posted by jaiman

The problem is that you post absolute bullsh*t, that stems from a general lack of maturity and experience.

But please starting this summer post up your trading record. I would make one suggestion though. if you think you can reliably get 3% on 6 trades every week, keep increasing your stake as you go, within 2 years you'll have 2.5 bln and you won't need to bother trading anymore.

Originally Posted by Expired

Tell you what, when summer comes I'll do exactly as I stated. I'll post balances, recorded trades, and etc.. (Screenshots, papers, the works.) I'll show you that making 10%+ in a week is easy.

-Nathan

You do realize that I stated "Without any losses" in that scenario.
I will however show you that I can make 10%+ in a week, including any losses.

Originally Posted by Expired

Please read my entire reply accurately and with an open mind.. This seems to be a big problem on these forums.

-Nathan

Once again, such a bad habit that some people here have..

Originally Posted by jaiman

Unless, of course, you are the absolute best trader in the world. Better than Jim Simmons, Paul Tudor Jones and Driss Ben-Brahim combined.

jaiman, can you tell me why you listed those names??
You only know about them because of their large gains, and because they are in the public eye. I don't think you realize how many people jump into the "new money" bracket every year via investing. You just don't hear about their large gains because they choose to remain anonymous.

-Nathan

[jaiman]

Originally Posted by Expired

jaiman, can you tell me why you listed those names??
You only know about them because of their large gains, and because they are in the public eye. I don't think you realize how many people jump into the "new money" bracket every year via investing. You just don't hear about their large gains because they choose to remain anonymous.

-Nathan

I listed them because if you can do what you say, you'd be a better trader than them. And I don't believe you are.

New money!! You kill me. You think there are people taking 9 or 10 figure paydays from the market anonymously!? That is hysterical. Every time you post you show your ignorance.

But please, starting in the summer post up your results it would be an amazing story to be able to say that I saw the greatest trader in history, before he became well known, and it all started on a car forum.

And we'll end with a quote "Extraordinary claims require extraordinary proof".

[Hawkeye]

Originally Posted by Expired

What else would I do besides stocks?? ..I go Long, Short, I trade earnings, options...
Might get into Forex.. So where do you people think the money is at, if it isn't in stocks??

-Nathan

If you hedge (short or buy/sell options whatever is your thing) then it is not bad, you just can't make that much. You will not make 10% over a year, most people in risky stocks lose money 3 out of 4 years... it is that 1 good year that usually brings the statistics up. If you can afford that and wait it out, good for you. Otherwise you need lots of $$$$ to make anything worth while.

edit:

Originally Posted by Expired

Anyways, I only see it as being dangerous if you plan on holding a stock for more than a week.

-Nathan

This is quite possibly the stupidest thing you have posted to date. You think you can beat the market holding stocks for a week or less... :

Kid.. you are killing me.

[Expired]

Originally Posted by jaiman

I listed them because if you can do what you say, you'd be a better trader than them. And I don't believe you are.

New money!! You kill me. You think there are people taking 9 or 10 figure paydays from the market anonymously!? That is hysterical. Every time you post you show your ignorance.

But please, starting in the summer post up your results it would be an amazing story to be able to say that I saw the greatest trader in history, before he became well known, and it all started on a car forum.

And we'll end with a quote "Extraordinary claims require extraordinary proof".

9 and 10 is a stretch, to have that much money to throw at the stock market you are probably the head of a large corp, thus in the public eye.
However, there are a lot more taking in 7 and 8 figures. You act like your reference point, forbes, maps out every single millionaire on this planet..

The only reason anyone claims these people as the greatest traders in history is because of the money they have to throw around. There are tons of people in the world today making larger % gains than them, you just don't hear about them because they aren't billionaires yet.

Do you even know what the term "new money" means??
It also isn't an extraordinary claim, it's quite valid.

Originally Posted by Hawkeye

If you hedge (short or buy/sell options whatever is your thing) then it is not bad, you just can't make that much. You will not make 10% over a year, most people in risky stocks lose money 3 out of 4 years... it is that 1 good year that usually brings the statistics up. If you can afford that and wait it out, good for you. Otherwise you need lots of $$$$ to make anything worth while.

This is quite possibly the stupidest thing you have posted to date. You think you can beat the market holding stocks for a week or less... :

Kid.. you are killing me.

It's not about beating the market, it's about beating any bad news that might pop up.

heh.. yep, 10% a year.. When I was 12 or so do you know what my dad discussed with me?? How people were happy if they made 10% a year in profit trading stocks.. Do you know what I then did?? I laughed.

Continue your little flame war, come summertime you'll be asking for tips.

-Nathan

[sinnet112]

I'm going to come in here to support Expired here on this one. I don't know how much he actually does make in a year because I don't know what transactions he's completed, but I've asked him for stock advice and it's definitely helped me become a better investor.

He's given me fairly detailed info in the PMs exchanged and for that I'm quite grateful. FWIW I don't hold stocks for more than a week or two either and it's definitely paid off. With multiple accounts, buying at the troughs, selling at the peaks and then buying it again at a low (if it gets there or if need be) within a few weeks using a different account to avoid the wash sale rule makes a lot of sense now that commissions are so low.

[satinghostrider]

Just enough to mod. Sux doesnt it.

[Excellence]

Originally Posted by elmariachi

Just enough to mod. Sux doesnt it.

At least you got a 335i!
Anyone got any tips on how to win big when playing stocks? I was thinking playing IPOs.

[jaiman]

Originally Posted by Expired

It's not about beating the market, it's about beating any bad news that might pop up.

-Nathan

I bet you don't even know how to calculate risk adjusted returns, do you? I eagerly await the summer.

Oh, btw percentage gains might be nice to brag about, but if your strategy doesn't scale so that you can make serious money with it, then its pretty useless. Although if you're happy making 170k per year daytrading good for you.

[jaiman]

Originally Posted by Excellence

At least you got a 335i!
Anyone got any tips on how to win big when playing stocks? I was thinking playing IPOs.

The issue with IPOs is that they generally are allocated to the best clients of investment banks and brokers. As a retail client it is very tough to get that inital allocation.

[Sara]

Not enough...

[Graham M]

Originally Posted by jaiman

I bet you don't even know how to calculate risk adjusted returns, do you? I eagerly await the summer.

Oh, btw percentage gains might be nice to brag about, but if your strategy doesn't scale so that you can make serious money with it, then its pretty useless. Although if you're happy making 170k per year daytrading good for you.

you seem to know what your doing, I'm going to look out for your investment oriented posts. I'm sure they'll equate to some great reading.

[achien]

not enough to get my a P-car...

[Excellence]

Originally Posted by achien

not enough to get my a P-car...

Shit same. I need to play some stocks..