Got cought up in it myself a bit yesterday.
That guy who calls everybody "expert" but never posts anything of value himself really pissed me off.
Anyway, I'm still here and still long but I'm not saying how long.
What seems to be missing on this board is an acknowledgement that different folks have different trading styles and that just because someone trades differently than you is not cause for an assault.
Some guys here are long term investors. Others, like myself, are short term traders. That doesn't make either one of us more right or more wrong and certainly is no reason to hurl insults.
This will probably be my last post. I realy don't have the energy to argue just for the sake of being hostile.
Good luck to all and my appologies to the serious posters for wasting band width yesterday.
I was taught what I know by a self made millionaire in the market, so I have been a bit spoiled and I will be the first to admit it has probably limited my ability to think like your average trader on a lot of things (no disrespect in the term "average"). To me, diversification is the only way to go, since I can buy something new without having to sell something else. But if I was playing with a couple thousand bucks, I would probably pick a couple favorites and stick with them, but If I only held a couple stocks, I would definately always hold some protective puts. Small price to pay for insurance on a big loss.
14%? That is very nice, considering your portfolio size.
I am always struggling over the issue of diversication. I understand it is a matter of risk and return, but I heard conflicting opinions. I keep wondering what is the better way to consistently maximizing returns with reasonable risk.
Anyhow, if some on this board (pros or non-pros) want to share their personal experience, would appreciate that.
I totally agree with your statement. I am ordinarily just an observer of this board but I just had to agree with what you were saying. There is some "regulars" on this board, which is great, since I am watching a portfolio of 150 stocks everyday, so I do not have the time to do all my homework on every stock. But just because you put your two sense about this stock on a message board everyday does not make you any more of an expert than somebody who doesnt. I dont understand why new posters are met with such hostility. It feels a little like Im back in high school sometimes. This is a great long term stock, and Im grateful to those who leave well-informed posts. But the rest is just a waste of everybodys day.
I hear ya.
I lost a S''t load of $ shorting FMCN (still believe it will tank someday) but shorting Chinese stocks these days is suicital or charity work depending how you look at it.
I do make short sells a lot but I would not dare to short CHINA, not till it reach $30 or above. This reminded me of SINA, SOHU, NTES in end of 2002 when friends in the internet biz from China told me to buy them. I was stupid enough to unload with only a mere 30% gain @#$%%%. I could have got 10 times return had I hold a bit longer.
Disclaimer: NO expert here.