[homie1975]

Guys
I'm gonna win gb +11.5 to close out another winning teaser. I finished 7-1 on bowls and 3-1 nfl playoffs. I've been following sports over 30 years. I'm so burnt out and quite frankly just bored with it now. I need something new to try and learn and master.

Please tell me the best forums and websites to read to learn the stock market. Motley Fool ?


*** I'm a small time sports bettor. I used to bet between $550 and $1100 per game but my analysis changed and i could not handle the big swings. I dropped to $200 per game and actually started to win. i went from a 51.5% winner to a 56.4% winner over the L6Y but i'm tired of checking my phone every weeknight evening and all weekend long, when i should be giving that time to my fam. i am hoping (maybe foolishly) that the stock market will balance me because right now i only check my 401K when at work, never any other time.

I am being 100% truthful here guys and am honestly asking for assistance. I'll try and pay it forward or pay it back with stock picks, if i ever get good at it

Serious replies only, please.

[jjgold]

Sucker game

Need at least 100,000 before you can begin to trade

Small guys lose because screw around low priced stocks with no volume

Lol

[triplecrown333]

5 year learning curve, check out elite trader .com

[jjgold]

Slow death game


If you trade a lot

Buy and hold forever works

[triplecrown333]

buy and hold with all time highs , good luck with that

[homie1975]

Sucker game

Need at least 100,000 before you can begin to trade

Small guys lose because screw around low priced stocks with no volume

Lol

Coach
I've got 100K but will start with 50K. I am not going to day trade. will look for value and long plays 1 year or more holdings

[homie1975]

buy and hold with all time highs , good luck with that

That's why i won't start the investment now. I'll research and study, all the prep work. I'll wait at least 9-10 mos maybe longer before I dive in

[homie1975]

5 year learning curve, check out elite trader .com

Buddy, that's for day traders. I don't want to do that. Any other good forums? TIA

[RudyRuetigger]

yea winning all the time and quitting

we believe you

[Otters27]

Tripple Crown and Ralpie halves are good stock guys

[homie1975]

yea winning all the time and quitting

we believe you

Rudy
I'm a small time bettor. $200 per game. I usually end each year up between $2500 and $4000, nothing much. I don't go bigger because it's an emotional drain and takes so much time. The biggest winners in life I know are all into real estate and the stock market. They love sports but don't bet much, if anything. I get bored with RE but the stock market interests me.

You can see all my posts here. I really know sports, esp CFB, NFL, CBB and NBA. when you love something and pour your free time into it for 30+ years, you are bound to develop certain gut feels and knacks for it. I have done that. I'm bored. same old storylines. I am looking for a new challenge. Swear to God, Sir. and I am God fearing.

[triplecrown333]

cant think of any good ones now, i would not trust the mainstream sites too much, they are basically cheerleaders and stay away from jim cramer

[homie1975]

cant think of any good ones now, i would not trust the mainstream sites too much, they are basically cheerleaders and stay away from jim cramer

I used to watch Mad Money in 06. I could not stand all of the props. Then I turned it on the other day and he seems to have calmed down. He had a couple of interesting guests on too. Are you sure he should not paid any attention to? i started reading "Sane investing in an insane world" also. only 20 pgs in though

[RudyRuetigger]

Rudy
I'm a small time bettor. $200 per game. I usually end each year up between $2500 and $4000, nothing much. I don't go bigger because it's an emotional drain and takes so much time. The biggest winners in life I know are all into real estate and the stock market. They love sports but don't bet much, if anything. I get bored with RE but the stock market interests me.

You can see all my posts here. I really know sports, esp CFB, NFL, CBB and NBA. when you love something and pour your free time into it for 30+ years, you are bound to develop certain gut feels and knacks for it. I have done that. I'm bored. same old storylines. I am looking for a new challenge. Swear to God, Sir. and I am God fearing.

raise your bets pal

[ChiLLx]

Just buy index funds and sit back and relax...

[triplecrown333]

dude is a wall street shill, told people to not worry about lehman brothers lol, the list is long, he will crush you...

[homie1975]

raise your bets pal

Rudy
No BS, I cannot. when i raise my bets I overthink and overanalyze and it paralyzes me. almost ruined my home life. I am getting out. I am checking my phone too much when with my family. I can't do it to them or myself anymore.

I only check my 401K while at work so it does not affect my home life. Sports is too much for me now, Bud

[Hu$tle]

i would search the top investor in the past and read their books on fundamental analysis

then learn how technical anasysis works (this is how the day traders make their money reading charts and hitting high % setups)

get a mentor, from a community online, or online coach or real life coach bounce off ideas.....or follow people and learn and research

[homie1975]

Otters, ChillX, Hu$tle
Thank you for serious replies. they are appreciated.

[jjgold]

All wrong info in thread

Most
Lose
In
Market

Game
For the market makers


Buy and hold forever or you will lose

[griz]

you can't make this shitt up

homie1975 let me give you some good stock advice:

don't ask here

get your head out of your ass and pick a winner that doesn't involve some teased to the moon line jackass

[homie1975]

you can't make this shitt up

homie1975 let me give you some good stock advice:

don't ask here

get your head out of your ass and pick a winner that doesn't involve some teased to the moon line jackass

Griz
sorry i gave you crap last night. i was drunk. can we let it go? i took many cfb sides in the bowl games and hit them save for one. i find teasers to be excellent in the nfl. on 5dimes, two team 7 pt teasers where ties lose are only -115 to -125 and you get excellent numbers.

anyhow, let's move on. do you know anything about the stock market?

[YoungGambler]

learn about stock options, basically betting in stock world over period of time

[thellama]

Your first stock lesson is don't listen to jj.

[DrunkHorseplayer]

All the emotions you go through when sports betting are probably going to be the same with the stock market. If you take the plunge, don't listen to the advisors on TV (especially the Cramer clown); they're no different than talk show monkeys picking football games, they'll crush you.

[homie1975]

All the emotions you go through when sports betting are probably going to be the same with the stock market. If you take the plunge, don't listen to the advisors on TV (especially the Cramer clown); they're no different than talk show monkeys picking football games, they'll crush you.

DH
you're right, i did think about the same hormones that get released when watching a bet win or lose, and how they'll be similar to sports. the difference is, save for a very few rare instances, you don't watch your money multiply or collapse in a matter of 3.5 hours like you do on a football game or other sporting event. the ebbs and flows are much longer and drawn out and i believe that it is healthier long term for me in every way

[DrunkHorseplayer]

Good luck; if you're looking for a trading platform, Merrill Edge is a good one.

[homie1975]

Good luck; if you're looking for a trading platform, Merrill Edge is a good one.

i'm looking at TradeKing. what do you think?

[DrunkHorseplayer]

Never tried it.

[homie1975]

TK very low fees

[newguy]

DH
you're right, i did think about the same hormones that get released when watching a bet win or lose, and how they'll be similar to sports. the difference is, save for a very few rare instances, you don't watch your money multiply or collapse in a matter of 3.5 hours like you do on a football game or other sporting event. the ebbs and flows are much longer and drawn out and i believe that it is healthier long term for me in every way

This is sort of true (longer ebbs and flows) but it's like live betting all the time. You have lots of options to unwind a position which means you may bail on a winner too early (say you put a 20% trailing stop and get stopped out and before you get back in it rallies back to even or further) or sit on a loser too long watching money literally melt away.

With gambling you analyze a game and in 3.5 hours or so know whether you were right or wrong. With stocks you have to have the patience to trust your analysis (it could take months or years to hit the price you think it should be) but at the same time know when to get out of losers. It's not easy and the same thing that you struggle with in gambling you will struggle with in stocks. But keep the same principles.

Don't over expose on a position. If you think you have a "lock" do as young gambler said and use options to get higher exposure with lower risk. You think gambling markets are sharp, stock is ridiculous. The info that is out there and trying to correlate it all is tough.

That said. Good luck and share the winners (stock and gambling)!!

[MUHerd37]

401k should only be in index funds. Actively managed funds get you killed with fees. Your manager will make more than you.

[lakerboy]

So you hit 56 percent but you win 3000 grand a year?

[homie1975]

So you hit 56 percent but you win 3000 grand a year?

just do some simple math. let's say you wager on 230 plays a year at -110 juice and $220 per play, that is an investment of $50600. 56% winners is about 129 wins, and 101 losses. not terribly difficult to do if you know how to cap and have the experience of three decades under you where you pick up things that the average sports fan or bettor won't see. Call it a gut feel for the game, and which numbers are off.

anyhow, 129 winners * $420 back per winner is $54180 in winnings, and when you subtract out the initial investment of $50600 you get net winnings of $3580

what is not factored into this is the stress of watching the games and how they play out, and constantly checking the phone for scores instead of focusing on the family and friends, and just living a normal life.

i was the same when i used to bet between $550 and $1100 per game. all i did was lower the bet amount so i would be more liberal with my plays, but what i did not take away was the weeknights and weekends focusing on scores to a point it has become unhealthy.

That has a MAJOR COST

[RangeFinder]

Put the money in a 401K, enjoy your family and forget about it. Sounds like the action life needs to slow way down, and that is the safest and smartest way to do it. I wish you the best.