http://stockcharts.com/h-sc/ui?s=CMI&p=W&b=5&g=0&id=p39998617096
It used to be a nice chart. It was a nice chart back in March or April of 2009. I don’t want to see a chart that has made money I want to see a chart that is going to make money. Stocks are like Nostradamus’ quatrains. After an event happens everybody says it foretold the event but they never can seem to look at the quatrains or stock charts and say this stock is low buy it now so you can ride it going up.
This is the wrestling match I always have with stock brokers or money managers etc. I ask them to tell me which stocks are going to go up and sell that to me. But all they can do is place orders and take commissions. They get rich placing your orders they make no money by making you make money.
I was on a flight from Houston to Salt Lake City sitting in first class. The guy sitting next to me and I started talking and realized that we both worked in the same building. He asked me what I did and I told him and he told me he was a money manager and I guess I looked like I had some money or something because in a tasteful way he asked me if he could manage my money. I asked him how many people he had made rich. He laughed and made some witty comment about the typical net worth of his clients. I asked him again how many people he had made rich. He made some remark about his technique. I said to him you don’t understand my question. How many people came to you with not much money and because of the advice you gave them they are not rich. He said that you have to bring the money to him he just manages it. I realized that my vision of the kind of stock broker that I look for does not exist for us. The guy that Gordon Gekko uses that always buys stocks that go up does not exist for normal people like us.
Now in real estate if you asked me that same question I can tell you about specific people that came to me with $10k or so and I made them over $1million in real estate. The only people that did not make any money that I talked to are the people that didn’t buy properties. Even the ones that bought badly made money. But what is best is that I don’t charge a commission.
Nobody knows anybody that ever got rich buying stocks.
Bluemoon, I have 12k. Wanna add me to your list? :biggrin. Ill move to Houston or w/e to follow your plan if you think itll work, cause dang… I wanna be a millionare too! So whats up?!?
with all due respect…stick with the SFHs.
First found CAT’s chart on July 15th, 2010…based on metrics I use to identify leading percentage performers.
It’s been a great ride since:
http://stockcharts.com/h-sc/ui?s=CAT&p=W&st=2009-05-02&en=(today)&id=p58436006704
btw…most recent US equities rally began on April 19th.
some huge money has been made in the last 8 days.
I am not a guru, I am just a guy. I don’t have a program what I do is show anybody that contacts me what I do. If you call me and say you want to come over to my mansion or meet at some coffee shop I will meet with you and show you what I do. I do it all the time.
How about you give me a room in your mansion (so I dont have to pay with my little money that I have, a hotel room) and let me observe you for a couple of weeks 
? Ill stay out of your personal business and such whenever wanted (your family time or w/e ). just throwing that idea out there… think about it. If not I understand not wanting a stranger in your house. Im not a bad guy though, just a guy wanting to observe first hand and not dig alot of money out of my wallet to do it. :beer Invite me and ide be very happy to come though!
It used to be a nice chart. It was a nice chart back in March or April of 2009.
http://stockcharts.com/h-sc/ui?s=CMI&p=D&st=2011-04-18&en=(today)&id=p83735134354
4/18/11’s Close: $103.28
Yesterday’s Close: $118.32
10 Day Return:
114.56%
Stocks are like Nostradamus’ quatrains.
:bs
-Mike
mex mix:
http://www.youtube.com/watch?v=B_XjkDjw3Pw
Really? Do yoknow anybody that got rich with stocks?
yes.
quite a few…actually…
requires a tremendous amount of discipline.
for someone who’s expressed an intolerance for ignorance in any regard…imo…you’d be much better off acknowleding your own ignorance in this area.
btw…don’t bother with your serial “wrestling” match…it’s a waste of time.
-Mike
http://www.youtube.com/watch?v=PivWY9wn5ps&feature=fvsr
I am ignorant until I know. If you live in a different world than I do maybe you just know a different group of people. Just like I know people that got rich in oil wells you may know people that got rich in stocks. Although I doubt it, I have to take your word that you know people that got rich in stocks. I know rich people that have stocks but no people that got rich in stocks (other than stock brokers) and I don’t think you do either. There are more people that get rich selling pizza than buying and selling stock.
like I said…complete waste of time.
in the meantime…my friend Randy…who focuses on crude oil, (among other futures)…has been cleaning up lately…
he uses actual future contracts…but here’s USO, (the crude oil etf), for a snapshot of the recent volatility:
http://stockcharts.com/h-sc/ui?s=USO&p=D&st=2011-04-18&en=(today)&id=p23315683916
now there’s a nice selloff!
-Mike
The problem with stocks is you don’t have much control. Even buying a so-called undervalued stock is still just speculation…it could still go down based on something totally unrelated to it being undervalued. Sure you can do puts, options, straddles, etc but you still do not control the direction of the price in any way. You can be the best stock trader on the planet and still lose money.
I’ll stick with REI where I have a great deal of control, along with the knowledge and ability to exploit the natural inefficiencies in the market.
SPY….diversified basket of 500 companies with trading volume exceeding 222 million shares on Friday:
http://barchart.com/etf/vleaders.php
The problem with stocks is you don't have much control.
With the above type of trading volume……control is handed to you….in the form of extreme liquidity.
Deadbeat tenant……60 days…
Deadbeat position….3 seconds…
Even buying a so-called undervalued stock is still just speculation...it could still go down based on something totally unrelated to it being undervalued.
http://stockcharts.com/h-sc/ui?s=XLE&p=W&st=2007-05-08&en=(today)&id=p91781783537
In October 2010 the energy sector, (XLE), came up against it’s 200 day MA….In December 2010 it showed signs of moving well past it…
In your words….that’s called exploiting a trend.
-Mike
Allagash, check ur inbox when you get time. thanks.
did.
will get back to you in the next day…or so.
-Mike
I was a finance major in college. One of the first things they taught us was “past performance is no indication of future results.” With that in mind, like Bluemoon said which way are they going tomorrow? Where will they be in a week, month, etc? No one knows. I completely understand riding the winners and cutting the dogs quickly…completely understand trends, MAs, instant liquidity…but at the end of the day it’s all total speculation.
I also don’t know anyone who’s got rich buying or trading stocks, but I know several rich real estate investors. Glad you’ve been able to make things work out for yourself though…sounds like you really know your stuff.
There are a number of ways to make money in stocks…I personally know of 2 broad strategies that I have SEEN work.
The one I use involves KNOWING WHEN NOT TO PLAY…and knowing when it’s WORTH playing.
I don’t use charts to attempt to predict future price movements. I watch ECONOMIC CYCLES and I understand what industries are affected by those cycles. Recessions and Expansions occur over and over, watching for these events and understanding how they create opportunity can make you a FORTUNE.
The key to this method is the WAITING…Sometimes I do NOTHING for YEARS…Literally NOTHING if I don’t CLEARLY SEE real opportunity. I MISS a lot of investment opportunity because of this…BUT…My money is ALWAYS making money in other areas (like real estate) and because I’m not always “playing” my loses have been very small compared to gains. Certain carefully selected Stocks have added HUGE NUMBERS to my net worth over the years.
I STAY OUT OF THE CASINO unless the card count is in my favor.
Mike swings the odds in his favor by using STRICT TRADING RULES and not breaking them…EVER!!!
If you have the discipline to do this…You can make money…BUT…Very few people have what it takes to FOLLOW the RULES.
Mike didn’t trade a DIME of REAL MONEY for Y E A R S…Y E A R S…THAT my friends is DISCIPLINE…he could have thrown money at trades he saw over and over make money…He didn’t…He stuck to his PLAN and waited until he was comfortable with his trading knowledge and system. Then he started slowly.
I can’t tell you how hard that is…Watching money making trades OVER and OVER but understanding you still need to learn and WAIT.
It can be done…BUT…the ODDS do not favor this stategy because most HUMANS feel the need to SCREW AROUND WITH THE RULES!!!
I firmly believe that you need to find a STYLE of investing that works for YOU…I’ve tried many different ways over the years. What WORKED for me was knowing when NOT to PLAY…I WAIT for situations to line up…For things to get way, way, way out of whack…At that point I can step in with a large amount of capital and make all the waiting pay off. Then I pull my money off the table and buy and sell real estate while waiting for the next opportunity. This is the way “I” invest…I’m not saying it’s the ONLY WAY to do it…
But it works for me and has added HUGE $$$$ to my net worth!
I firmly believe that you need to find a STYLE of investing that works for YOU....I've tried many different ways over the years. What WORKED for me was knowing when NOT to PLAY.....I WAIT for situations to line up.....
very well put…
my style is much different than yours…but what isn’t different…is having the patience and discipline…to wait for things to line up…it’s critical.
for my, (much shorter), time frame…last week presented some very good opportunities…here’s a few:
a) VIX, (fear factor index), went a bit haywire…[VXX]
b) Silver imploded…[SLV]
c) as did crude…[USO]
d) and the green back, (US Dollar), actually rallied very well…[UUP]
Speculation?
:shocked
I think Probabilities is a much better word.
With good tools…and the knowledge of their usage…it’s like night vision goggles.
That said…a very tedious and frustrating learning curve…lmfao.
I make no pretense about my trading…but I am very confident that my skill set is well adapted to what is required.
-Mike
btw…Hoosier…have you ever considered a Custard Stand?
I’m not :bs (ing)
a very nice seasonal cash cow you could open next year, (May 2012)…if you buy the equipment and storefront right, (cheap).
Hmm… are you making fun of me? lol
not at all…
now is the time to start building up those multiple streams of income…
-Mike