Don't feel too bad. This is probably one of the toughest markets in the history of markets. Most hedge funds were down 10-15% in September alone--they're shutting down left and right. It is downright brutal out there. Bear markets leave very few unscathed. If you're beating this market you have nothing to be ashamed of.

quote:

Originally posted by Dervish Today I lost 40% (real money)! Hold me.

40% of almost nothing = no big deal.






just messing around. that sucks! you should probably just get out of the way until things cool down.

quote:

Originally posted by Shakka Don't feel too bad. This is probably one of the toughest markets in the history of markets. Most hedge funds were down 10-15% in September alone--they're shutting down left and right. It is downright brutal out there. Bear markets leave very few unscathed. If you're beating this market you have nothing to be ashamed of.

Check it out...

http://marketocracy.com/cgi-bin/Web...gMiPlKnMaKiAbDd

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One of these today:

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If you can read this, I'm seriously fucking bored.

quote:

Originally posted by Krypton Check it out... http://marketocracy.com/cgi-bin/Web...gMiPlKnMaKiAbDd

Ugly picture. So you're down what, 10-12% YTD?

i should of been trading BAC today, I made a note of it in my mind but I forgot about it by morning. instead i scalped the SPY ONCE instead. I don't have a margin account so I can't cycle funds.

ugh.

my inverse ETF recommendations should be doing well though

still people trying to catch bottoms. in fact there's more than one bottom call everyday. i don't see how anyone can call a bottom unless they've lived through the implosion of a faulty banking system and possibly fiat currency.

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soulful/latin/deep house + jazz

Last edited by mndeg on Oct-07-2008 at 22:02

quote:

Originally posted by Shakka Ugly picture. So you're down what, 10-12% YTD?

I've broke below $9, when my high was $14.

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"The Alcove"



Revealing interview with Timothy Sykes – successful stock operator and author of the new book “An American Hedge Fund”. Sykes discusses his wish to educate and inspire the general public on financial matters, including a better understanding of investing, specifically regarding hedge funds. Sykes’ book is an engaging memoir that reveals his own personal ups and downs in his efforts to be successful on his own terms in the financial world, as well as his track record of becoming a millionaire while still a young stock operator

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quote:

Originally posted by Krypton "The Alcove" Revealing interview with Timothy Sykes – successful stock operator and author of the new book “An American Hedge Fund”. Sykes discusses his wish to educate and inspire the general public on financial matters, including a better understanding of investing, specifically regarding hedge funds. Sykes’ book is an engaging memoir that reveals his own personal ups and downs in his efforts to be successful on his own terms in the financial world, as well as his track record of becoming a millionaire while still a young stock operator

I caught him on Wall Street Warriors a few times. I hate the way he operates, but such is the nature of trying to do it at such a young age with so little experience. They portray him as a wunderkind of some sort who turned his Bar Mitzvah money into $1m in a very short amount of time. He runs a tiny long/short hedge fund of sorts out of his tiny, virtually unfurnished NY Apartment. I'm not sure how his performance has been, but he seemed to focus on micro-cap stocks that were not very well followed.

I have no problems with him by any means, I just think that if you made a ton of money investing in stocks in the late 1990s that's the equivalent of saying you got wet when you went swimming. If you lost money in the late 90's you should never be allowed to manage money!

My Major has a focus on IT and I'm 2 semesters away from graduating, I don't particularly like IT as much as an IT related major should and I don't like the job prospects for it for someone like myself that doesn't care for it. If I were to go into accounting, would that be a dumb thing to do? Does this world at this point in time really need more CPA's? In fact does it need more MBA's? Probably not.

Jim Rogers says I should be a farmer. lol

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soulful/latin/deep house + jazz

Last edited by mndeg on Oct-08-2008 at 05:28

quote:

Originally posted by me

Damn, and to think that people blew this one off when it was still only $75/share