One word: OIL

[stockstradr]

If you want to brag about how great your picks are, go do it on MarketGuru

Believe it or not, I agree with your post. Even if the advice wasn’t intended for me, I’ll apply it to myself.

I’m going to post MUCH LESS on this web site about my trades. I have been thinking about that for weeks. This is the wrong place for such specific discussion about market trading strategies. It is kind of disrespectful to Rich because Rich IS the licensed expert, yet Rich’s employment in that industry prevents him from correcting any errors (in financial advice) that we may make on HIS website.

Besides if people actually do start taking our f’d up financial advice (that we post to this website) that might distract them away from what they should really do: hire a licensed professional like Rich for really great advice and money management.

So I am basically concluding I need to take these investment/speculation threads elsewhere. This just isn’t the appropriate web site for that. Even the charter of this website clearly states the focus is real estate.

And there is another reason I need to take those threads to a website that is instead filled with trading pro’s. Piggington.com has very few members who are sharp on the economy and investing; I’m estimating maybe three members on here (in addition to Rich) who have anything of value to teach me about economics and investing. However, there are MANY very smart members on here who are experts in many other fields, such as real estate, wine…etc. That’s why I’ll remain a participant of this Forum.

So far one forum (for hard-core threads on trading financial markets) I really like is Karl Denninger’s “The Market Ticker”

http://market-ticker.denninger.net/

There are some very sharp trading pro’s posting to the forum that is buried inside his website:

http://www.tickerforum.org/cgi-ticker/akcs-www?forum=Ticker

[Allan from Fallbrook]

stockstradr: Realizing of course that what you’re doing is not investing at all. It’s trading, and that sentiment is contained in your handle.

As to the comment that there are only “three or so” members that can teach you about investing: I’d disagree and strongly so, having interacted with a dozen plus members that show strong acumen in investing, as well as accounting/finance. Again, it’s hard to impart advice on investing when the person in question pursues a commodities heavy portfolio and is more interested in momentum and moving averages than a true long-term value based investment program.

Having managed a portfolio for a large brokerage for several years as part of my CFO job, I can state with certainty that had I pursued your “investment” strategies, I’d have lost my job within a week.

[Allan from Fallbrook]

stockstradr: Realizing of course that what you’re doing is not investing at all. It’s trading, and that sentiment is contained in your handle.

As to the comment that there are only “three or so” members that can teach you about investing: I’d disagree and strongly so, having interacted with a dozen plus members that show strong acumen in investing, as well as accounting/finance. Again, it’s hard to impart advice on investing when the person in question pursues a commodities heavy portfolio and is more interested in momentum and moving averages than a true long-term value based investment program.

Having managed a portfolio for a large brokerage for several years as part of my CFO job, I can state with certainty that had I pursued your “investment” strategies, I’d have lost my job within a week.

[Allan from Fallbrook]

stockstradr: Realizing of course that what you’re doing is not investing at all. It’s trading, and that sentiment is contained in your handle.

As to the comment that there are only “three or so” members that can teach you about investing: I’d disagree and strongly so, having interacted with a dozen plus members that show strong acumen in investing, as well as accounting/finance. Again, it’s hard to impart advice on investing when the person in question pursues a commodities heavy portfolio and is more interested in momentum and moving averages than a true long-term value based investment program.

Having managed a portfolio for a large brokerage for several years as part of my CFO job, I can state with certainty that had I pursued your “investment” strategies, I’d have lost my job within a week.

[Allan from Fallbrook]

stockstradr: Realizing of course that what you’re doing is not investing at all. It’s trading, and that sentiment is contained in your handle.

As to the comment that there are only “three or so” members that can teach you about investing: I’d disagree and strongly so, having interacted with a dozen plus members that show strong acumen in investing, as well as accounting/finance. Again, it’s hard to impart advice on investing when the person in question pursues a commodities heavy portfolio and is more interested in momentum and moving averages than a true long-term value based investment program.

Having managed a portfolio for a large brokerage for several years as part of my CFO job, I can state with certainty that had I pursued your “investment” strategies, I’d have lost my job within a week.

[Allan from Fallbrook]

stockstradr: Realizing of course that what you’re doing is not investing at all. It’s trading, and that sentiment is contained in your handle.

As to the comment that there are only “three or so” members that can teach you about investing: I’d disagree and strongly so, having interacted with a dozen plus members that show strong acumen in investing, as well as accounting/finance. Again, it’s hard to impart advice on investing when the person in question pursues a commodities heavy portfolio and is more interested in momentum and moving averages than a true long-term value based investment program.

Having managed a portfolio for a large brokerage for several years as part of my CFO job, I can state with certainty that had I pursued your “investment” strategies, I’d have lost my job within a week.

[stockstradr]

I stand by my opinion that their are no more than three or so members of this forum regularly (or even infrequently) posting valuable opinions on economics and investing, in addition to Rich. peterb is good. Chris Scoreboard is good. A few others as well.

However, I should explain that statement. I’m an unusual person who spends at least 40+ hours per week mining multiple media for analysis and ideas on investing. i get five daily newspapers for example.

So my standard of expert and valuable trading insights is not met by the typical piggington member who posts something like “I just dollar cost average the same amount each month into a stock index, no matter what the market does”

And I certainly made more in the stock market last year than my six-figure day job pays. So I’ll think about what you wrote (for about a microsecond) on the way to my bank.

[stockstradr]

I stand by my opinion that their are no more than three or so members of this forum regularly (or even infrequently) posting valuable opinions on economics and investing, in addition to Rich. peterb is good. Chris Scoreboard is good. A few others as well.

However, I should explain that statement. I’m an unusual person who spends at least 40+ hours per week mining multiple media for analysis and ideas on investing. i get five daily newspapers for example.

So my standard of expert and valuable trading insights is not met by the typical piggington member who posts something like “I just dollar cost average the same amount each month into a stock index, no matter what the market does”

And I certainly made more in the stock market last year than my six-figure day job pays. So I’ll think about what you wrote (for about a microsecond) on the way to my bank.

[stockstradr]

I stand by my opinion that their are no more than three or so members of this forum regularly (or even infrequently) posting valuable opinions on economics and investing, in addition to Rich. peterb is good. Chris Scoreboard is good. A few others as well.

However, I should explain that statement. I’m an unusual person who spends at least 40+ hours per week mining multiple media for analysis and ideas on investing. i get five daily newspapers for example.

So my standard of expert and valuable trading insights is not met by the typical piggington member who posts something like “I just dollar cost average the same amount each month into a stock index, no matter what the market does”

And I certainly made more in the stock market last year than my six-figure day job pays. So I’ll think about what you wrote (for about a microsecond) on the way to my bank.

[stockstradr]

I stand by my opinion that their are no more than three or so members of this forum regularly (or even infrequently) posting valuable opinions on economics and investing, in addition to Rich. peterb is good. Chris Scoreboard is good. A few others as well.

However, I should explain that statement. I’m an unusual person who spends at least 40+ hours per week mining multiple media for analysis and ideas on investing. i get five daily newspapers for example.

So my standard of expert and valuable trading insights is not met by the typical piggington member who posts something like “I just dollar cost average the same amount each month into a stock index, no matter what the market does”

And I certainly made more in the stock market last year than my six-figure day job pays. So I’ll think about what you wrote (for about a microsecond) on the way to my bank.

[stockstradr]

I stand by my opinion that their are no more than three or so members of this forum regularly (or even infrequently) posting valuable opinions on economics and investing, in addition to Rich. peterb is good. Chris Scoreboard is good. A few others as well.

However, I should explain that statement. I’m an unusual person who spends at least 40+ hours per week mining multiple media for analysis and ideas on investing. i get five daily newspapers for example.

So my standard of expert and valuable trading insights is not met by the typical piggington member who posts something like “I just dollar cost average the same amount each month into a stock index, no matter what the market does”

And I certainly made more in the stock market last year than my six-figure day job pays. So I’ll think about what you wrote (for about a microsecond) on the way to my bank.

[Allan from Fallbrook]

stockstradr: You make my point for me. There’s a massive difference between trading and investing. Your post is akin to an engineer (day job) who is also a high stakes gambler. He’s enjoyed some success at it and debates the merits of chucking the day job in favor of gambling, or at least weighs his gambling winnings against what he makes in his day job.

Gambling is not investing and trading is not investing. Investing involves far more than playing trades. And it involves far more than reading financial media. The amount of contradictory advice found there is stupefying and the little of value that is conveyed is not enough to build a coherent, long-term strategy on.

I remember folks touting their “investments” during the dot.bomb and RE runup as well. There were some definite “geniuses” then, too.

Value based investors are the financial equivalent of distance runners, not sprinters. When you learn how to read a financial statement, and know how to track cash, do variance reporting and generally separate the flyshit from the pepper, you’ll be an investor.

Until then, you’ll be what a buddy of mine in institutional investing calls a “squirrel”: Running around from nut to nut in the forest and not realizing that the predators in the forest really control the game.

[Allan from Fallbrook]

stockstradr: You make my point for me. There’s a massive difference between trading and investing. Your post is akin to an engineer (day job) who is also a high stakes gambler. He’s enjoyed some success at it and debates the merits of chucking the day job in favor of gambling, or at least weighs his gambling winnings against what he makes in his day job.

Gambling is not investing and trading is not investing. Investing involves far more than playing trades. And it involves far more than reading financial media. The amount of contradictory advice found there is stupefying and the little of value that is conveyed is not enough to build a coherent, long-term strategy on.

I remember folks touting their “investments” during the dot.bomb and RE runup as well. There were some definite “geniuses” then, too.

Value based investors are the financial equivalent of distance runners, not sprinters. When you learn how to read a financial statement, and know how to track cash, do variance reporting and generally separate the flyshit from the pepper, you’ll be an investor.

Until then, you’ll be what a buddy of mine in institutional investing calls a “squirrel”: Running around from nut to nut in the forest and not realizing that the predators in the forest really control the game.

[Allan from Fallbrook]

stockstradr: You make my point for me. There’s a massive difference between trading and investing. Your post is akin to an engineer (day job) who is also a high stakes gambler. He’s enjoyed some success at it and debates the merits of chucking the day job in favor of gambling, or at least weighs his gambling winnings against what he makes in his day job.

Gambling is not investing and trading is not investing. Investing involves far more than playing trades. And it involves far more than reading financial media. The amount of contradictory advice found there is stupefying and the little of value that is conveyed is not enough to build a coherent, long-term strategy on.

I remember folks touting their “investments” during the dot.bomb and RE runup as well. There were some definite “geniuses” then, too.

Value based investors are the financial equivalent of distance runners, not sprinters. When you learn how to read a financial statement, and know how to track cash, do variance reporting and generally separate the flyshit from the pepper, you’ll be an investor.

Until then, you’ll be what a buddy of mine in institutional investing calls a “squirrel”: Running around from nut to nut in the forest and not realizing that the predators in the forest really control the game.

[Allan from Fallbrook]

stockstradr: You make my point for me. There’s a massive difference between trading and investing. Your post is akin to an engineer (day job) who is also a high stakes gambler. He’s enjoyed some success at it and debates the merits of chucking the day job in favor of gambling, or at least weighs his gambling winnings against what he makes in his day job.

Gambling is not investing and trading is not investing. Investing involves far more than playing trades. And it involves far more than reading financial media. The amount of contradictory advice found there is stupefying and the little of value that is conveyed is not enough to build a coherent, long-term strategy on.

I remember folks touting their “investments” during the dot.bomb and RE runup as well. There were some definite “geniuses” then, too.

Value based investors are the financial equivalent of distance runners, not sprinters. When you learn how to read a financial statement, and know how to track cash, do variance reporting and generally separate the flyshit from the pepper, you’ll be an investor.

Until then, you’ll be what a buddy of mine in institutional investing calls a “squirrel”: Running around from nut to nut in the forest and not realizing that the predators in the forest really control the game.

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