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03-21-2017, 07:56 AM | #811 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $921110
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Quote:
I have about a 34% win ratio. While that seems really low, in the options market you may put up $1,000 and get back $7,500. If you keep you initial investment at the same level all the time, you can do pretty well. Where people, including me get in trouble is that we risk $1,000 on a few trades, make a few thousand, feel cocky and then make a real risky bet with like $4,000 and lose it all. Discipline is paramount Since 2009 I'm in the hole about $12,000
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
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03-21-2017, 08:57 AM | #812 | |
MVP
Join Date: Oct 2011
Location: Chandler AZ
Casino cash: $1411004
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03-22-2017, 08:44 AM | #813 |
MVP
Join Date: Oct 2011
Location: Chandler AZ
Casino cash: $1411004
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Posts: 13,737
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03-22-2017, 04:22 PM | #814 | |
Veteran
Join Date: Dec 2006
Location: Indiana
Casino cash: $9472813
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Posts: 4,579
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03-22-2017, 05:05 PM | #815 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $1468491
VARSITY
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No worries. You can buy it in a couple of weeks when it's back at $0.15.
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Active fan of the greatest team in NFL history. |
Posts: 143,119
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03-22-2017, 05:15 PM | #816 |
MVP
Join Date: Sep 2005
Location: Austin,TX
Casino cash: $4587505
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MGM Resorts International (MGM)
Undervalued Trading at 9 times earnings Catalysts -new casinos in D.C. and Macau China next month Little 2% dividend Best of breed and dominant in Vegas. |
Posts: 11,913
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03-22-2017, 08:40 PM | #817 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $921110
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Have you ever heard of the word "gambling"?
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
Posts: 52,651
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03-23-2017, 07:24 AM | #818 |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $-41532
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I think it's pretty commendable admitting your down since 2009.
Those screenshots have that handy 2 roundtrips to PDT threshold warning message at the bottom for a reason and it's not because most people who try to day trade succeed. In other news, Settlement is moving to T+2 in September so that's nice. Tonight is the House decision on Republicare or whatever the hell it is.. should cause some action
Spoiler!
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Posts: 6,427
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03-23-2017, 12:13 PM | #819 |
Veteran
Join Date: Dec 2006
Location: Indiana
Casino cash: $9472813
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Personally, I play craps.
On a more serious note, though, you should really stop "gambling" on stocks and throwing your money away since you seem terrible at it. And you should definitely stop posting financial advice for others, and probably stop posting altogether. |
Posts: 4,579
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03-23-2017, 06:59 PM | #820 |
MVP
Join Date: May 2001
Casino cash: $4062970
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Oh my. Have you ever traded options?
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03-23-2017, 07:01 PM | #821 | |
MVP
Join Date: May 2001
Casino cash: $4062970
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03-23-2017, 07:03 PM | #822 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $81900
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He has other investments and this is his "play" money. You won't always be a winner and I am sure he's learning from his mistakes. If you don't want the risk, don't do it, that's my choice. But I understand options stock trading (thanks Scho!) and why some do it.
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2024 Royals game thread record 3-0 |
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03-23-2017, 07:29 PM | #823 |
In Search of a Life
Join Date: Jul 2009
Casino cash: $1194064
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Is it worth it for me to max out an IRA for the wife and I or could I get better returns elsewhere?
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Posts: 82,803
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03-23-2017, 07:33 PM | #824 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $464734
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Depends on what your returns are. But if you're SE, a Roth is probably a better option. If there is a chance you might need the money I'd keep it out into some other mutual fund.
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Posts: 57,997
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03-23-2017, 08:02 PM | #825 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $176899
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Quote:
As Buehler said, the key is whether you need access to the money after you put it in. IRAs are meant to be a permanent deal, so you won't get to pull it out until you retire unless you want to pay penalties (though you can pull out Roth CONTRIBUTIONS early without penalty). |
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