On 6/7/2021 1:57 PM, Frank Krygowski wrote:
On 6/7/2021 12:15 PM, Tom Kunich wrote:
On Sunday, June 6, 2021 at 5:48:40 PM UTC-7, Frank
Krygowski wrote:
On 6/6/2021 6:35 PM, Tom Kunich wrote:
On Sunday, June 6, 2021 at 11:47:55 AM UTC-7, Frank
Krygowski wrote:
On 6/6/2021 10:44 AM, Tom Kunich wrote:
On Saturday, June 5, 2021 at 7:18:12 PM UTC-7, Frank
Krygowski wrote:

Along those lines: Years ago, a friend of mine was
chairman of a
volunteer board I served on for years. At one monthly
meeting, he came
in obviously happy as a lark. Someone asked why he
was in such a good mood.

He bragged "Oh, I really cleaned up today! The market
jumped over 200
points!" He had been playing around doing day
trading, and that was way
back when 200 points was really something.

Within a few months, there was a similar sudden drop.
He said nothing at
all about it.

Frank, when you are really stupid about the market try
not to make it so public. Day trading means that he
got his investment out of the market when it went up
and he didn't reinvest when it went down - he got the
money. But with the IQ of a watermelon you just have
to force yourself to show everyone just how stupid you
are.
Tom, why are you imagining you know what happened with
the investments
of my friend? You can't even tell me his name!

Does it matter to you that he's since given up day
trading?

When he told me that, I didn't ask why. Perhaps he read
this:
https://www.fool.com/investing/how-t...s/day-trading/


https://www.thebalance.com/why-it-is...rading-1031238


"... although every day trader believes they can make
money, most people
who attempt day trading end up with a net loss."

Read the referenced research.
So now you're telling us that your friend ended up with
a net loss? I have a friend that has been averaging
$6,000 a week for the last two years. He went from
having to rent out his apartment and living in his
garage to being able to pay off his loan in a condo with
a real garage and a sweeping view of San Francisco bay.
When you know not one ****ing thing about what you're
talking about, why do you continue? Exactly what does it
feel like to be a punch line?
If indeed you have such a friend (which, given your
record here, is
doubtful) why have you spent so much time here
complaining about your
expenses? Couldn't you have your "friend" tell you what
to do
investment-wise, day by day and hour by hour? Or just
have him do it for
you?

Just think! You could buy groceries without whining about
prices! You
could buy name brand, good quality bike components
instead of trolling
Ebay for Chinese counterfeits! You could move out of that
hell hole you
always complain about!

I see two possible explanations: Your "friend" doesn't
like you enough
to help you out; or your "friend" is imaginary.

Tell me Frank, since you know absolutely squat about
investing why do you keep up your attempt to beat a dead
horse? I invest, day trading is gambling. But you're so
stupid you don't know that.

Day trading _is_ gambling; on that we agree. And like almost
all gamblers, almost all day traders lose in the long run.
It's a lousy investment strategy.

And most gamblers are prone to brag when they score a win
but say nothing when they lose. Just like day traders. Just
like my friend. And just like you did a couple days ago,
bragging about your winnings, but never recanting on your
years of whining about your grocery prices, inflation, your
hellhole of a neighborhood, the terrible state in which you
live, etc.

My friend gave up day trading. I doubt we'll ever get you to
give up bragging. Or whining.



Day trading _may be_ (and often is) gambling but not
necessarily always. There are valid short transaction period
strategies.

--
Andrew Muzi
www.yellowjersey.org/
Open every day since 1 April, 1971