Don't Day Trade if you're a n00b - GoFuckYourself.com

Evil E · 01-22-2008, 02:18 AM

mrwilson · 01-22-2008, 02:23 AM

lol that sucks for him them, could tell he was a little pissed by his reaction.

96ukssob · 01-22-2008, 02:29 AM

that sucks, i bet he wishes he had a time machine now.

i lost a bit of money in stocks this past year, but knew it was a risk walking into it.

JakeR · 01-22-2008, 02:58 AM

that is awesome

Christina Muller · 01-22-2008, 03:01 AM

there is no reason to lose money in stocks if you plan long term and think logical.

Day trading forget it,and dont listen to the experts use your own head,I turned $60k into 90k within 20 weeks and didnt take a risk at all.

now its time to sit and wait until the next risk free deal comes along ,could be 1 week could be 1 year

bobby666 · 01-22-2008, 03:50 AM

hehe shit happens

DjiXas · 01-22-2008, 03:54 AM

I love day trading, if you can find some great stocks (not always that happens), it makes you around 2% daily if you are playing not too much.

NoComments · 01-22-2008, 04:03 AM

Quote:

Originally Posted by Christina Muller

there is no reason to lose money in stocks if you plan long term and think logical.

Day trading forget it,and dont listen to the experts use your own head,I turned $60k into 90k within 20 weeks and didnt take a risk at all.

now its time to sit and wait until the next risk free deal comes along ,could be 1 week could be 1 year

May I send you $9,000,000 so you can make me 12,000,000 in 20 weeks risk free?

I'll be your slave for life
(I know, I know, you'll charge me extra for it )

DjiXas · 01-22-2008, 04:05 AM

LOL, funny video, made me laugh so hard.

Paul Markham · 01-22-2008, 04:28 AM

Must be hard to sit and watch your life go down the toilet on a computer screen. Especially when a few weeks before you thought all you had to do was buy for a dollar on Monday and sell for $1.50 Tuesday.

Anyone who did not see this coming does not deserve to have money to lose.

If he had placed it on a horse or cards he would expect to lose.

ADL Colin · 01-22-2008, 04:29 AM

Quote:

Originally Posted by Christina Muller

didnt take a risk at all.

What investment has ZERO risk?

brandonstills · 01-22-2008, 04:56 AM

I probably made $12k day trading penny stocks during the dot com bust. And I was long on all my positions too that's the funny part.

stevo · 01-22-2008, 05:17 AM

I made a million trading penny stocks, but also lost it all, so i know exactly how he feels

$3000 tax write off on capital investment losses is a fucking joke...

Tempest · 01-22-2008, 05:48 AM

This sums it up for those that don't want to watch the entire 7 minutes..
https://youtube.com/watch?v=Mk3hmifWLhE

Christina Muller · 01-23-2008, 02:34 AM

ADL Colin- What investment has ZERO risk?

Many,I like currency trading.

If you see a currency such as say the CDN dollar hit a 20 year high against the dollar you know if you have CDN dollars to buy US$ as it will change later.

For many years I saw the UK pound trade about 1 pound = $1.60 ish and I had pounds so when it went to over $2 I could get for 1 pound i purchased tons of dollars and then you just sit and wait for the US$ to recover.

Yes it takes time and patience but its a no brain zero risk investment.

Thats a basic summary,but you have to know currency markets of course

warlock5 · 01-23-2008, 02:55 AM

Quote:

Originally Posted by Christina Muller

there is no reason to lose money in stocks if you plan long term and think logical.

Day trading forget it,and dont listen to the experts use your own head,I turned $60k into 90k within 20 weeks and didnt take a risk at all.

now its time to sit and wait until the next risk free deal comes along ,could be 1 week could be 1 year

So you spent 120 days just to make $30k? Sorry I don't see how that is anything to brag about.

Christina Muller · 01-23-2008, 03:12 AM

No problem warlock5 its just a hobby and im more than happy ,no nothing to boost about i just said it as a fact

qxm · 01-23-2008, 03:22 AM

Quote:

Originally Posted by Christina Muller

No problem warlock5 its just a hobby and im more than happy ,no nothing to boost about i just said it as a fact

You must have one sexy SEXY brain

........no need for hooters when u r that smart..

killermule · 01-23-2008, 03:28 AM

Quote:

Originally Posted by warlock5

So you spent 120 days just to make $30k? Sorry I don't see how that is anything to brag about.

x3 and thats $90k for the year.... shit I would fuking luv that :D

But I guess you more experienced adult dudes would be making more than that ey :P

Cant wait till Im like you and not a newly 18 noob :D

ADL Colin · 01-23-2008, 04:28 AM

Quote:

Originally Posted by Christina Muller

If you see a currency such as say the CDN dollar hit a 20 year high against the dollar you know if you have CDN dollars to buy US$ as it will change later.

If I understand you correctly, you go long currencies hitting 20 year lows? That would seem to be far from risk-free.

For example, that rule would have put you long the Russian Ruble vs the US Dollar in 1995. Three years later you would have lost 70% of your money.

slapass · 01-23-2008, 06:08 AM

Quote:

Originally Posted by ADL Colin

If I understand you correctly, you go long currencies hitting 20 year lows? That would seem to be far from risk-free.

For example, that rule would have put you long the Russian Ruble vs the US Dollar in 1995. Three years later you would have lost 70% of your money.

Or the dollar against the Brazil real. It is amazing you don't get smoked more often.

ADL Colin · 01-23-2008, 08:01 AM

Quote:

Originally Posted by slapass

Or the dollar against the Brazil real. It is amazing you don't get smoked more often.

Going long Rentenmark's woulda gotta ya killed in 1923. Damn, it was cheaper to burn money than coal!

01-22-2008, 02:18 AM	#1
Evil E Confirmed User Join Date: Apr 2005 Location: Lazyness is a lifestyle Posts: 3,201	Don't Day Trade if you're a n00b https://youtube.com/watch?v=rCtQL5b_rCM

01-22-2008, 02:29 AM	#3
96ukssob So Fucking Banananananas Industry Role: Join Date: Mar 2003 Location: If I was in your ass you'd know it Posts: 12,991	that sucks, i bet he wishes he had a time machine now. i lost a bit of money in stocks this past year, but knew it was a risk walking into it. __________________ Email: Clicky on Me

01-22-2008, 02:58 AM	#4
JakeR Confirmed User Join Date: Jun 2001 Location: il and nc Posts: 1,760	that is awesome __________________ Adult Merchant Accounts & Chargeback Management Solutions Domestic & Offshore icq: 152-058-005

01-22-2008, 03:01 AM	#5
Christina Muller Confirmed User Join Date: Mar 2007 Location: Canada/Germany Posts: 923	there is no reason to lose money in stocks if you plan long term and think logical. Day trading forget it,and dont listen to the experts use your own head,I turned $60k into 90k within 20 weeks and didnt take a risk at all. now its time to sit and wait until the next risk free deal comes along ,could be 1 week could be 1 year __________________ Promote A Brand Your Surfer Trusts Playboy No Upsell - No X Sales - No Bullshit !

01-22-2008, 03:50 AM	#6
bobby666 boots are my religion Join Date: Nov 2005 Location: Heart of europe Posts: 21,765	hehe shit happens __________________

01-22-2008, 02:23 AM	#2
mrwilson mrwilson 2.0 Industry Role: Join Date: Jul 2007 Location: ICQ: 465406783 Posts: 5,122	lol that sucks for him them, could tell he was a little pissed by his reaction.

01-22-2008, 03:54 AM	#7
DjiXas So Fucking Banned Join Date: Sep 2007 Posts: 1,108	I love day trading, if you can find some great stocks (not always that happens), it makes you around 2% daily if you are playing not too much.

01-22-2008, 04:05 AM	#9
DjiXas So Fucking Banned Join Date: Sep 2007 Posts: 1,108	LOL, funny video, made me laugh so hard.

01-22-2008, 04:28 AM	#10
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	Must be hard to sit and watch your life go down the toilet on a computer screen. Especially when a few weeks before you thought all you had to do was buy for a dollar on Monday and sell for $1.50 Tuesday. Anyone who did not see this coming does not deserve to have money to lose. If he had placed it on a horse or cards he would expect to lose. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

01-22-2008, 04:56 AM	#12
brandonstills Confirmed User Join Date: Dec 2007 Location: Chatsworth, CA Posts: 1,964	I probably made $12k day trading penny stocks during the dot com bust. And I was long on all my positions too that's the funny part. __________________ Brandon Stills Industry and programming veteran [email protected] \| skype: brandonstills \| ICQ #495-171-318

01-22-2008, 05:17 AM	#13
stevo Confirmed User Join Date: Aug 2002 Location: Orlando, Florida Posts: 2,051	I made a million trading penny stocks, but also lost it all, so i know exactly how he feels $3000 tax write off on capital investment losses is a fucking joke...

01-22-2008, 05:48 AM	#14
Tempest Too lazy to set a custom title Industry Role: Join Date: May 2004 Location: West Coast, Canada. Posts: 10,217	This sums it up for those that don't want to watch the entire 7 minutes.. https://youtube.com/watch?v=Mk3hmifWLhE

01-23-2008, 02:34 AM	#15
Christina Muller Confirmed User Join Date: Mar 2007 Location: Canada/Germany Posts: 923	ADL Colin- What investment has ZERO risk? Many,I like currency trading. If you see a currency such as say the CDN dollar hit a 20 year high against the dollar you know if you have CDN dollars to buy US$ as it will change later. For many years I saw the UK pound trade about 1 pound = $1.60 ish and I had pounds so when it went to over $2 I could get for 1 pound i purchased tons of dollars and then you just sit and wait for the US$ to recover. Yes it takes time and patience but its a no brain zero risk investment. Thats a basic summary,but you have to know currency markets of course __________________ Promote A Brand Your Surfer Trusts Playboy No Upsell - No X Sales - No Bullshit !

01-23-2008, 03:12 AM	#17
Christina Muller Confirmed User Join Date: Mar 2007 Location: Canada/Germany Posts: 923	No problem warlock5 its just a hobby and im more than happy ,no nothing to boost about i just said it as a fact __________________ Promote A Brand Your Surfer Trusts Playboy No Upsell - No X Sales - No Bullshit !