What's the dumbest thing you've done?

In 2001, I was fresh out of law school, living in New York, and looking for a job. I was working as a paralegal at some crappy insurance company for some measley pay while awaiting my bar exam results.

A local in the oil pit on the NYMEX offered me a job clerking for him for $24,000 per year. Even though I was only making about $8,000 more than that, I decided I wouldn't be able take the decrease. Things were already tight and there was the prospect of a high paying attorney job after passing the bar.

We all know what oil did in the ensuing years. A google search of that guy's name turns up some impressive hits now. I will always regret not taking that job.
 
Quote from oil_trader:

turned down an offer from Microsoft to become a stockbroker in 1986.
I think I beat most of you with this one....
:)
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Could have been employee #3 of The Yost Group (the guys who made 3D Studio)...

I feel your pain...
 
Quote from William Rennick:

I keep my exposure to the Market as small as I can by always closing out my positions by the Close. My goal is to scalp a 15% gain per trade, never more. I like using a Baseball analogy to describe how I trade, in that I'm only trying to get a "base hit". I never even try for a Homerun because I'm out of the trade when I hit my 15% goal. I cover the downside by never, ever letting my position drop by more than 10%. It goes down 10%
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what the hell do you consider a homerun if 15% intraday is a base hit?
 
Quote from William Rennick:

Anyway that's how this old dog plays the Market, determine the closing-trend, get in, then get out 15% higher, 7 "base hits" and I've doubled my money. And I always sleep well since I never hold a position overnight. Nice and simple, just the way I like it..
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7 base hits and ive doubled my money, wham bam thank you mam thats how easy it is, now just do it a few times in a row and im a millionare. who said trading was hard?
can i subscribe to this service too please?
 
Liquidating a generous position of SEB@$230.00 in 1994 ( wedding gift), it's bouncing around @$1,200.00 now

ignoring my attorneys advice to buy into AOL back when I had AOL's service for my business and paid by the minute on my Mac performa. They had a little banner ad that would slowly load and ask users to invest in the future. I ignored that ad like a true dumbie.

Selling steady eddies to jump on the stupid momo wagon to the poor house.

Sometimes I think the buy and hold guys are right. :eek:
 
Quote from infolode:


Sometimes I think the buy and hold guys are right. :eek:
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That's 'cuz they *are* mostly right ;-)...

It's those times that they're wrong that make all the difference...
 
:mad:

selling naked puts with too much margin

that was the dumbest thing so far. It was on OVTI when the trend was down and smart money was 30% short.

Currently working on making money on dividend arbitrage and buying stock in small unknown companies. The risk being that many micro companies are scams.
 
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