SecondCor521
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I haven't been tending that game since the investopedia game took over. Is anyone here doing anything over there?
You mean, besides beating Boho?
I haven't been tending that game since the investopedia game took over. Is anyone here doing anything over there?
Yawn. As if your holdings had not profited from the general bull market. You're talking pretty big for someone in 17th place.
Here's a comparison between my holdings of today and today's general bear market.
It's not a 10 month contest. If anyone with a short attention span would like a side contest of months instead of years let me know. I'd trade differently.
And one day proofs what?
I haven't been tending that game since the investopedia game took over. Is anyone here doing anything over there?
Finally, DRAD is, maybe, on track to paying off. It's my biggest loser and the only stock I currently hold in real life.
You sure know how to pick 'em!
So you are doing worse in real life than in this contest? That defies the odds! You'd very likely be better off paying a dart-throwing-monkey a 2% AUM fee than picking [-]losers[/-] stocks on your own.
Incredible. You comin' around yet, or still in denial?
-ERD50
I covered this. My first choice of system worked but I was unsure of the consequences of getting my account restricted every other month for buying with unsettled funds so I changed my system so I could hold longer. I waited for stronger stocks and bought more, but it didn't work. My stock picking record remains outstanding even in real life but that one stock under the new system was way down for about the last 9 months. I thought it may still be promising enough to hold and now it may be turning around, but I don't buy like that any more.
If you make it a margin account you can trade on unsettled funds....
No it's not. Like we've been telling you all along, there are endless studies on "systems". They don't work, or sometimes, they work until they don't. With no warning when they will work and when they don't.... It's hard to determine if a system where you make a few big trades that you hold for a year or two is a winning system. ...
No it's not. Like we've been telling you all along, there are endless studies on "systems". They don't work, or sometimes, they work until they don't. With no warning when they will work and when they don't.
-ERD50
I read about some that work. Some because they're new enough, some because they're too time consuming/expensive to be attractive to enough people to render them ineffective (momentum investing). But I have my own spin on investing.
Just to be clear, by "that work", we are talking about beating the market on a consistent basis?
I was looking at the contest standings, looks like by then end of the year, you have a chance to break $1,000,000 .
I read about some that work. Some because they're new enough, some because they're too time consuming/expensive to be attractive to enough people to render them ineffective (momentum investing). But I have my own spin on investing.
...
I've been hovering around $1,000,000 for days. I'm at $1,005,000 now. You have to click the History link. It's not in the ranking yet.
I was being a bit facetious about the $1,000,000 goal, as with all the trading and analysis you've done, remember, we started at $1,000,000 at contest start .
Maybe the thread title needs to be tweaked a little bit:
"Picking on Boho Contest - V2.0"
-ERD50
Boho's been a very good sport.
Yes. Maybe letting things play-out would be the best approach.Boho's been a very good sport.
Yes. Maybe letting things play-out would be the best approach.
.... So if, after 3 years, contestant A, B, or C is way ahead of the index investor, then it was "just a lucky pick" (or set of lucky picks). If any of those A, B or C are on par or behind the index investor, then it's "proof" that if you try to beat the market, you'll be worse off. ....
... It's really a no-win situation here for the Boho's of the world. Pretty much everyone here is thoroughly convinced that there is no way to consistently beat the market. ....