He was on the other day talking about investing in dollar store sine walmart stock is dropping. "Don't be a stock snob" he says. I'm like this; If you can afford it get the high cost stock(150 and up) to me anything else is a waste of time.
Now I could be wrong. What do you pimps think?
Now I could be wrong. What do you pimps think?
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Re: Any of you money pimps out here watch Jim Cramer??
Fri, August 24, 2007 - 8:52 AMI like jim cramer and have learned a ton from his show, but I need more risk to get me off. I don't think anyone is wasting their time investing, whether its Jim Cramer style or penny stocks. Those volitile little bastardos can make you a lot of money if you know how and what to do.
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Re: Any of you money pimps out here watch Jim Cramer??
Sat, August 25, 2007 - 9:21 AMI don't waste my time buying single stocks anymore. there are so many etfs at this point you can pretty much play any idea you have with less risk.
if you want leverage/risk learn to trade index or commodity futures or sell theta on options. corn isn't going to move because the insiders cash out their options.
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Re: Any of you money pimps out here watch Jim Cramer??
Mon, August 27, 2007 - 7:30 AMWhat are some good intro books to read. I am always reading something. Always looking to learn more. -
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Re: Any of you money pimps out here watch Jim Cramer??
Wed, August 29, 2007 - 7:19 AMGet Ben Grahams books for fundy analysis then just read whatever on technicals and look at tons of charts. Really though, just read every book you can find. Every book has something in it, once you have read enough too you can skip to the good stuff. -
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Re: Any of you money pimps out here watch Jim Cramer??
Wed, August 29, 2007 - 7:22 AMactually though it depends. The best advice i would say is if you want to be a pro trader/investor then go all in with the idea your going to do this for a living someday. if you don't want to do that you would seriously be far better off just buying index etfs and don't try to beat the market. treating stocks/trading like a hobby is a joke, its just going to be a very expensive hobby. -
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Re: Any of you money pimps out here watch Jim Cramer??
Thu, August 30, 2007 - 12:18 AMI agree. With my pennies, I go into the buy knowing I'll lose in the short term. Just keep averaging down. Next thing you know a you've got several little penny machines waiting to jump at the hint of good news. Gambling at a wiser level. That gold will be mined and the oil pumped someday.
I invest in spurts (when I can afford it), and now want to focus on less vollitile more predictable cramer picks. I know what I'm doing well enough with micro/nano/subpenny picks and ready to push my portfolio in other directions. I am young enough to make back whatever I loose, and am not gambling with my pension or my childs milk money wondering "Why" I bought into something.
Most mornings I wake up at 630 to watch my stocks and roll with the emotional endorphins created by the movement. I am usually thinking to myself "I could do this for a living" as I study companies that catch my interest. -
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Re: Any of you money pimps out here watch Jim Cramer??
Thu, August 30, 2007 - 12:23 AMI had a vision one day with my coffee and smokes waiting for the market to open, that within five years I would have 10 penny machines with 5 grand wrapped up in each, and that they sequentially spiked one month after another, catapulting me by several hundred percent returns. Investing feels like a real long game on the craps table where you have chips everywhere waiting for their hits
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