just sold my last house leaving real estate market want to trade

[xiaodre]

d00d, here's something to think about:

If you have a random way of entering the market, like what the guy below suggests, then you can still make money by having a good exit system.
Think about it. It's not like playing roulette because exiting the trade is up to you. The game doesn't end until you decide when it ends. So, if you are able to cut your losses short, and let your winning trades kinda run on a bit (by using some information or other), you have just made a system that will make money.

Quote from TOM134:

d00d,

Trying to beat the market all comes down to this:

1) It's a 50/50 crap shoot: the price will either go up or it will go down.

A better game would be to play either the red or the black on the roulette wheel. Over time it really doesn't matter.

2) Somewhere along the way Dr. Greenspan told a Senate committee:

.... "When you are dealing with stock the possibilities of which are either, it's going to be valued at zero, or some huge number - you get a premium in that stock price which is exactly the same sort of price evaluation process that goes on in the lottery: following principles known to lottery managers for centuries."

3) .... "The chimp, known as Raven to his managers at the Internet Stock Review, threw 10 darts at a dart board with the names of 133 internet companies to select the 'MonkeyDex' - a portfolio showing 50 per cent growth on a year-to-date basis, outstripping the Munder Net fund, with 32 per cent growth."

Stay away from people who purport to give 'expert' stock trading advise. They NEVER ever come close to the results of an untrained chimpanzee!

4) The only winner out there is the 'house': your local casino and your broker.

5) d00d, save yourself a lot of time and effort: invest in an INDEX fund; otherwise you'll be living in a tent someplace wishing you were back selling 'fix er uppers'!

You've made your $. NOW go spend your remaing time with your loved ones.

I hope this helps.

Tom

 

[TOM134]

Well your right, xiaodre.

Just like Raven - the dart throwing - monkey!

But the success of Raven was that he 'basket' traded.

See, its not all that difficult!

Tom

 

[Bogan7]

Quote from d00d:

I am a long time lurker here and hope this thread doesn't draw mass flaming.

I rode the real estate boom in sw florida since 2000. I quit my job and started buying and selling homes and made a nice living. In 2005 I made more money than I thought ever possible. Last year it was scary how little I made and just today I sold my last home and escaped the falling prices here.

I am not at all interested in going back to a 9-5 life and love self employment.

Im sure you are asked this too often but where do I start?

I watch cnbc and they are having a fit over this market and say it is a wave and we need to ride it.

I have a nice chunk of change and no debt and have paid off my home so I have time to learn.

Thanks for any help.

Sorry but a quote like this above is a confirmation the market ioverheated. Nothing against you mate but when everyone gets in its time to do the opposite

 

[xiaodre]

I'm no monkey. I'm a tool. I can't beat Raven.

He is on the other side of my trades!

 

[Red_Ink_inc]

Quote from d00d:

I watch cnbc and they are having a fit over this market and say it is a wave and we need to ride it.

Not trying to be a prick or anything but, thank you in advance for your money.

 

[Aok]

Does Raven have a hedge fund?

 

[xiaodre]

So you don't even have to try? Being a prick comes that naturally?

Quote from Red_Ink_inc:

Not trying to be a prick or anything but, thank you in advance for your money.

 

[kiwi_trader]

xiaodre,

You may not get it but red ink is offering the op more valuable advice than most of the posters here. Its subtly disguised but its actually very very good advice.

I am optimistic that he will ignore it (not being a prick or anything).

 

[InvestorTerry]

If I were you, and have a nice sum of money. I would take some of it and put it in a business that generates cash. Get you some bread and butter coming in. Paper trade for a while and if you become profiable open up a small account at ib and see how it works in a real market.

 

[TOM134]

dood,

If you still want to get into this 'game' let me know.

I will recommend some reading material that helped me when I first started out in this 'crazy' business.

With a little reading, thinking, patience, and a dash of luck you can have an advantage.

I think you have what it takes = maturity.

Tom