Irrationally mad decision making to obtain the American Dream.

Yahoo! Finance Fantasy – Stock Market Trader Competition 2012

So I thought I might as well apply and try to trade stocks. It’s actually seems more difficult to make money and trade a common stock then trading a more volatile option. My portfolio was down 3% and now it’s up around 1% after I changed my trading style. I sold all my winners and losers and have so far gotten into only stocks under $20 since being in Apple or Google no matter how much they move my %profit is so low. I need small stocks that are moving which are cheap bank stocks and new internet dot com stocks. I guess I’ll see how it works out. 3 stocks worth 33% of my portfolio is much riskier than 8 stocks with only the smaller stocks weighing in more. If you would like to compare my portfolio to yours my username is vabeachbizman.

To try your luck with your fantasy $100k portfolio
sign up here http://finance.yahoo.com/fantasy-finance/portfolio”

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2 responses

  1. tankernate

    Hey bro, are you still a fan of achievers choice quest as a starting point? I’m 80% in real estate at age 38, but sense that I’ll be looking to expand my knowledge into new avenues (even if just for the sport of it). Just hope to get a start that seems somewhat systematic and comprehensive from an education standpoint. Don’t want to stumble through Barnes & Noble until I get it right.

    March 28, 2012 at 3:44 am

    • I think Gary’s methods are universal and well taught. Definitely go with it as a starting point, BUT proceed into the markets with grave caution. I do real estate too and to be honest even with a new booming market if you are 80% in real estate (granted, and making money I suspect?) then I would strongly STRONGLY suggest to keep to what you know and invest VERY lightly in companies you love. Right now you can buy up real estate cheap with a high margin for renting. If you are working a job invest more into real estate and quit with cash-flow. I personally believe trading takes a very high caliber disciplined personality – almost militant type. When you do it (online I guess) because you will let me know what you think. I’ve retaken it in 2003-2005. I’m back to practicing – if I had the cash reserves I’d only be in real estate at the moment.

      March 28, 2012 at 12:08 pm

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