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May 07, 2008 – Comments (3) | RELATED TICKERS: CGNT , V , CF

Testing ... testing ... 1 ... 2 ... 3 ...

Yeah, so this is my inaugral post, I hope you weren't expecting too much.  I've never really done this kind of thing before.  I've always been a little interested in the stock market and have watched it fluctuate over the years.  So when I heard about CAPS, and how you can pick and track individual stocks and see how you stack up against the S&P 500 and against other CAPS members, I was naturally intrigued.

I logged on, made my initial picks and sat back and watched.  Turns out that I really didn't know that much when I started.  I have learned quite a bit since then about what the market is like and how it responds to different events.  I also learned a lot about myself and my investment strategies and risk tolerences.  That is the good thing about CAPS, because there are a plethora of picks out there that may be a good investment, come highly rated and all that, but I could never get myself to purchase it on the open market. So here I can do that, and test out different investing options and strategies without major repercussions.

The main way I started out picking was to go after well known companies.  Not bad, but I was so green, in experience, that I couldn't tell which were good and which to avoid, or should I over or under rate it.  It was probably just a random guessing game for me, and consequently it showed. I had some good picks, some bad picks, and some really bad picks.  My score and my rating never really went anywhere definite. They just continued to bounce around at roughly the same values.

It has taken me about two months now to get over my inexperience and my initial beliefs about how this worked.  Warren Buffet once said,
   "You only have to do a very few things right in your life so long as you don't do too many things wrong.".
I am trying to stop going about things the wrong way, and not make picks at random. I have recently picked a number of oil related stocks and put much more time into evaluating each particular company.  This method has really paid off for me, I am going in the positive direction, and I made it to allstar status.

Because I am soo new to this, I am sure it was probably not entertaining at all.  Nonetheless, I would be very interested to know what you thought about my first post, in hopes that I might be able to improve them over time.  Let me know what you think.


3 Comments – Post Your Own

#1) On May 07, 2008 at 5:34 PM, motleyanimal (35.55) wrote:

It's very good for a first post. Congratulations on making Allstar!

I tend to treat my CAPS account like a mutual fund manager. It is possible to hedge your picks to some extent with ETFs and while day trading isn't an option, you can play some sectors and individual oversold/overbought stocks for short term momentum.

Oil and natural gas is the place to be. It should really get wild once we enter hurricane season in the Gulf of Mexico and also once the election campaigns get rolling.

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#2) On May 07, 2008 at 6:43 PM, phi16 (27.69) wrote:

Not bad, cursed1.  You're doing well.  For better or worse (you can join the discussion) CAPS emphasizes accuracy and is structured so that accuracy weighs heavily on ratings.  Once you're up over 700 points you will not advance much further in your rating unless your accuracy stays high.  So far you're doing well.  But ask yourself what would happen if the Oil and Gas sector takes a turn.  What can you do to protect yourself? 

Investing is a vast subject.  Fool on! 

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#3) On June 21, 2008 at 1:20 AM, Collin757 (< 20) wrote:

Dude, you're the man.

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