patrick.net

I want to play. Let’s share investment advice.

We all live once, if we make money, we all win.

If I could easily get a feed of even daily closing prices (doesn't have to be real-time at all) then I could add some database fields for which users picked which stocks and how they are doing with that.

But where can you get that feed without paying for it? Scraping another site could get me in trouble.

I am not a short term player. I used to be before the dot com crash , then lost all the spectacular gains I made and then some!
I got out a bit ago and have a ton of cash, bought two decent rentals and put some work in-cash flow properties-keep the mortgage for the tax break.

Market went up way more than I thought it would-but hey-my profits are locked in. 401k doing great. I think we are due a 20-30% correction , but lets see. At this time, I took a small positon in Ensco -an oil driller-it went down far more than I thought it would-holding on to it. But staying out for a while.

Still have soems tocks that I picked for yield/dividend and with massive appreciation and dividend increases doing great on those. Those I will simply hold- these I picked around the 2009-2011 period - Chase, Abbot (and its spinoff Abbvie) , Johnson and Johnson, Ford and American airlines. Most of these are in my non 401k account and so I don't want to sell as I would have to pay capital gains -both state and federal and at this point, already have surplus cash I don't know what to do with. Funny, I bought these as investment stocks and these are my biggest wealth generators-the ones I bought for investment/turnover-modest returns!

Just adding, AA was a risk pick, but due to massive appreciation I am keeping it as a long term. Following my post dotcom debacle, just careful, have long term picks vs short term. Short term-you win some, you lose some-you never know and with low margins, dififcult to recover. I think you have to know your nature, be disclipined, be nimble and quick and on your toes. I make modest gaisn and stick to profit goals. For me long term strategy has bene best. Especially dividend yileders.

Though one of my friends has bene in GE for ever and lost a ton of money-finally got out at 15. So every strategy has its risk-I guess if you know how it si going to turn out, everybody would be Warren Buffett. One or two stocks making geat gains and boasting about it is fun-but consistent over decades is difficult.

Even with my long term picks that I bought purely for yield/safety-I am relaly tempted tos ell, but just odn't know what to do-everything seems bloated right now.

Pets.com

lostand confused says

one of my friends has bene in GE for ever and lost a ton of money-finally got out at 15

GM hasn't been as low as 15 for as long as I can see on Yahoo Finance (since 2010 at least).

It's currently at 36.

lostand confused says

One or two stocks making geat gains and boasting about it is fun-but consistent over decades is difficult.

For sure. It's not a great strategy for long term wealth, but you can hit the grand slam once in a while.

I can't talk about users, but there is/are a couple users here that tend to bash a pick that other users here make. They'll wait until the stock has hit a bump in the road or crash and say that the pick was shit. Yet ignore certain time frames of massive gains, where the user that made the pick may have sold. It's garbage behavior. Not you, but some here need to make a pick or STFU commenting on threads where someone has made a pick.

Stock picks aren't all going to be winners like you said, but shitting on someone when they lose money is human garbage behavior. (again, not saying you're shitting on others for picks since I quoted you).

Patrick says

lostand confused says

one of my friends has bene in GE for ever and lost a ton of money-finally got out at 15

GM hasn't been as low as 15 for as long as I can see on Yahoo Finance (since 2010 at least).

It's currently at 36.

GE not GM :)

personal

Aphroman says

Wookie, I’m pretty sure there’s website that host stock market competition for free. I remember doing something like that back in high school. Computers were in their infancy, and stocks traded by 1/8’s fractions instead of .01 and .001 pennies and portions of pennies

That would take all the work out of tracking picks here.

The only problem might be if the competition sites confine you to the Daq and NYSE or if it includes OTC and foriegn ADR’s

There's a site I found that sounds similar. Makes you register, so I'd use a burner account for registration if people are interested.

I've set up a contest that's ready to go, but don't want to waste the time if people won't play. I know someone that won't.

Here's the link. If a few people register I'll create a thread here for this on it's own to try and get more people. But don't want to sink much time into this for 2 or 3 interested people. I think 25 people is the max for free.

https://www.howthemarketworks.com/register/127550

WookieMan says

They'll wait until the stock has hit a bump in the road or crash and say that the pick was shit. Yet ignore certain time frames of massive gains, where the user that made the pick may have sold. It's garbage behavior. Not you, but some here need to make a pick or STFU commenting on threads where someone has made a pick.

Yup. I don't -I have made massive mistakes, lost everything and then some when I was very, very aggressive in the run up tot he dot com crash and the follow up. Reason evaporated and it was like some primal instinct took over and I was so sure, no matter how much I was losing.

Basically what I am saying is I discovered I don't have the disclipine for short term trades-just me. I get in, get out and then I lose my mind and my losses pile up. Some people do. I tried many things-even meditation, but when things don't go my way instead of agreeing the market, i ried to fight it and lost!.

The long term strategy works for me. I didn't even start long term, I bought them and decided I didn't want to play these stocks-going in, jumping out, jumping back in. I just stayed put and surprise, surprise, I made more money then I ever have. I still keep some money aside-but just haven't learn to control and be sane short term.

For others it is different-so to each his own.

lostand confused says

GE not GM :)

Doh! I'll try to read more slowly.

Can we short instead?