The Stock Market

10% over one year is pretty good if risk is small, but why not shoot for moon?
e.g.
if HDY doubles within one year, winner pays ILX's server costs for that year, otherwise loser does.

lorax, as much as i want you to go into day trading with your last $700 for my own amusement, please dont

it's already down to $700???? damn

Buy two shares of AAPL.

my parents pay for my food and lodging in iirc

lorax you should read this book

http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393315290

I have an advantage on the stock market because of who I am

― Muttley vs. Mumbly (CaptainLorax), Thursday, June 2, 2011 3:22 PM (31 minutes ago) Bookmark

<3

I believe in you Lorax but for Christ's sake save that $.

this money doesn't mean that much to me you guys

then try intrade or sports betting

this money doesn't mean that much to me you guys

― Muttley vs. Mumbly (CaptainLorax), Thursday, June 2, 2011 2:55 PM (36 seconds ago)

cool, I'll give you $400 for it

I placed a bet for a friend once whether Nacho Libre would have a better opening than Fast & Furious: Tokyo Drift, and it was pretty fun, and I'm willing to some extent to repeat this for an ILX stock bet throwdown, if y'all are interested -- there's a way to do it that no one ought to risk any money, and if I do it right, I'll come out marginally ahead in most cases.

the stock market is less risky than sports betting (imo)
and just looking at intrade and uhh this is interesting but way too weird for me to join

...

you might live w/ your parents right now but one day you won't (hopefully...) and then you will want to buy food and have to pay rent and when that day comes $750 will be very useful

That day won't come until I have a job. and when I have a job I'll have a salary

plus, I'm not gonna lose money in the stock market

you should use the money to take a class

invest... in yourself!

lorax, what do you hope your life looks like in ten years time

i think the really a+ securities traders have a clear sense of what they intend to be doing when they have made $x, $y

In ten years I'll probably have a wife and a job. If I have time/funds I'll try to make a graphic novel, children's book series or a screenplay.

may i ask, what is your educational/professional background? of course, everyone starts somewhere and financial institutions hire from many backgrounds

nonetheless, while an individual's success is hard to predict, areas of expertise are indicative of the way different traders behave

In ten years I'll probably have a wife and a job. If I have time/funds I'll try to make a graphic novel, children's book series or a screenplay.

I know this is probably all a joke, but in case it's not, I wouldn't feel right not responding to this. If you really have any interest at all in doing those things FFS do them now while you don't have a wife and a job and you're living rent free! Don't waste your time playing around with day trading.

I have a B.Sc. in Statistics from a top rated university

day trading isn't necessarily more detrimental to those things than say, an xbox!
(but an xbox probably would be pretty detrimental to those things.)

I currently do not have the drive for those creative endeavors that I mentioned... there is many reasons for this but I will hopefully get my drive back once a job adds some structure to my life

If you really have any interest at all in doing those things FFS do them now while you don't have a wife and a job and you're living rent free!

This is a very good point!! Creative work takes a lot of time.

When my dad was day trading we woke up every day hearing him yell "SHIT!" at the computer. Probably would not have started the day out like that if he was making a graphic novel.

ha xp

http://en.wikipedia.org/wiki/File:Laying_on_of_hands.jpg

xp
or if he had sold all his stock at the end of the previous day

I'm about to start a minimal amount of day trading. I know that June is a terrible time to start.

amazing

I imagine Chris Ware yells 'SHIT!' at his computer all the time, but instead of dropped orders, it's messed up page bleeds and color separations.

That day won't come until I have a job. and when I have a job I'll have a salary

plus, I'm not gonna lose money in the stock market
--Muttley vs. Mumbly (CaptainLorax)

dude I'm your age, I have a job, I have to pay rent and you know what I would really like right now that I don't have? $750. when I'm at my poorest I kick myself for all the times I've wasted money in the past.

I thought Chris Ware drew by hand!!

~~illusions shattered~~

but I will hopefully get my drive back once a job adds some structure to my life

You won't. If you don't have the discipline to do the work, then you're not going to do the work. Having added responsibilities is not going to somehow make it easier, it's going to make it harder, and put more excuses in the way of doing what you want to do.

Cap - I cannot more strongly emphasize the inadvisable folly of your "wait til I got wife and kids to begin the creative endeavor because I just dont have the drive right now in my free-spirited, unemployed 20s." I consider it good fortune if I can coordinate my drive with my free time long enough to get the lawn mowed or the laundry folded. take that $750 and invest it in some medicinally-enhanced efficiency, then get cracking on those children's books, young man! god help you if you wait until somebody wants you to actually do something.

xp
speculations. commitment to "people don't change" philosophy noted

It's not "people don't change." More like why not change now, and bring about the change yourself, rather than waiting for some future date when you hope an external force will make the change for you?

I think Ware has to scan them in at some point, which is where the cursing commences.
http://canvaspaint.org/fc689.png

daytrading, unlike most jobs, ends early in the day, leaving plenty of time for crosshatching.

I am guessing Mr. Moore takes a magickal approach to the market.

You won't. If you don't have the discipline to do the work, then you're not going to do the work. Having added responsibilities is not going to somehow make it easier, it's going to make it harder, and put more excuses in the way of doing what you want to do.

Ugh t-bomb. Please could you go back and tell that to 23y/o me?

(I still don't even have kids but I get home from work so tired I just sit on the sofa and drink myself comatose every evening, possibly with a half-hour burst of such exciting activity as washing up in the middle)

ha at day-trading Moore

I need all of your hope

― 486.52 (CaptainLorax), Tuesday, December 28, 2010 9:12 PM (5 months ago) Bookmark

All I know is that I have little drive. it's a huge personality defect. But routine and self-satisfaction really improves my drive. And the best way for me to get in a routine is to be forced into a routine. and the best way to improve my mental state is to improve my life by getting a job. Whether or not I'll have enough drive to propose a creative work hour everyday is indeterminable. I tried brainstorming creative ideas recently but had no success. I really need to come up with an idea that I'm passionate about

I know myself best. Unfortunately, my mental state/emotional being is a huge factor in what I do every single day. I'm a very emotional person as evidence by the number of medications I take (I'm also a Cancer sign). I'm the kind of guy that avoids making plans with my friends ahead of time because I never know how I'll feel the next day

so CHANGE is definitely in my vocabulary. unfortunately DRIVE is not - though there is tricks, like I mentioned, to help improve my drive

water signs make great day traders ime

lol caek

cap what happened to the movie you were writing

I haven't came up with an idea that I'm passionate about for the movie.

off to the ball game. later yall

any success yet?

I'm up $100 but I've hit snags. Like today, the market continued to drop so I couldn't get above even.

But I imagine that making money is a lot easier when the US markets are on the incline. However, June, July and August will continue to suck and I'll be struggling to go above even each day that I decide to participate. I probably won't even bother making trades on days where I can just look and see the DOW tanking.