Well, apparently I was going about this all wrong- I have finally wrapped my head around the financial markets have nothing to do with the economy, and the government has now removed all risk. You'd think I could have figured it out earlier.
What does the "other stuff" pertain to? I have finally given up on the stock market ever reflecting what is happening in the actual economy, which has been my big problem, and am ready to make some dollars!
Would never risk it because of what you said- what if this opens at 50, 55, 60? Know too many people that have gotten crushed by moves like that. My most likely move is to purchase a call spread with about 200-300% upside and put perhaps 3% of my money in it.
I am willing to put the time in, just don't know where to begin. I would easily study 12-18 hours a day if it meant making 2% per month long term.
Yes I have been resurrected, thanks. 2014 was a very very disappointing year for me. I think I have been cured of short term trading now, since it has been almost 3 months into the year and I have not even had an itch. However I am hoping to come up with a system that can average about 1.5-2.5% per month over the long term (say the next 20 years). I am devoting every spare moment to it. Thanks.
I am happy to hear it is a piece of cake, would you mind sharing what the monthly returns have been averaging in this strategy? Does not sound like you have to spend much time on it.
Very nice, that's a big brokerage account! What kind of day job do you have to get that cash flow? I bet you wish you were all PGN today lol
Dang! You're a bigger fish than most here I would think. I assume you don't have a significant percentage of your net worth in it? Because it does seem possible to continue lower.
This is about making money, company got Obama's help crushing their legal problems and got billions handed to them from unwilling taxpayers that they are now using for a share repurchase. What a country! GM can hit $200 per share with their unfair advantage.
I love it!