Excuse me while I make money
So as most of you know, I am a college student with little experience and knowledge of investing. I read a lot and try to learn as much as possible. I hope to be an expert by age 24
I know a decent amount about fundamental analysis and a little about technical analysis
But what I'm good at (not too experienced but still pretty good) is making money with stocks/etfs. I use seasonal trades and patterns to my advantage, and avoid losing money by using good money management
What I do is try to time the market. I use my head and read a lot and just see how the sentiment is. I also research a lot of patterns and griffin helps me learn about how money managers trade, and I beat them to the punch
I would say that nowadays, figuring out the demand for paper value is a lot more important than the value itself. "You can't beat the market though". Nonsense
A lot of time I hear people who have held positions for 5+ years and they keep sliding down and down that there's so much "value" and one day that value will work itself out. That may be true, but...
Why not just make money in the mean time?
Sure, bidu is overpriced. I don't disagree. But I made money riding the trend. And you can keep adding to your losing position while I make money
Anybody who says that swing trading or anything else that let's me make money while I wait for good value stocks to bottom out is a bad strategy...what's wrong with making money?
I've had this account for 10 weeks and have a 97.67 score, using the simplest techniques ever (I'm not bragging at all, I'm not close to the levels of the experts on here). But people call redthumbing leveraged etfs "gaming the system". How? I make money in real life shorting those
And to the people who hate on TA...why? If it works why not use it?
If I find a simple pattern and I can make money off of it, how's that any less legitimate than value investing?
I'm not trying to be a daytrader or anything like that, and when I have more money I will want a lot of it in bonds and jnj and pg
But for now, excuse me while I make money buying options on gold and using simple pattenrns like shorting account irregularities, buying calls on the spy on the last day of the month, so on and so forth