Vic Wasteland Thread

[alr33x]

for every win its likely to be 10 losses, agree though ash oppertunity to make good money has been there a couple of times when market tumbles "most in XXXX years" just gotta have the knackers to jump in and hold on tight haha

[Birds]

And yeah, amazing how much you learn and how quickly. It's one of those things where everything is so fascinating you just want to soak it all up.

What I found cool, but dangerous, was the abilty to buy and sell in the same day...with money you don't even have, because of buy and sell contracts being settled on the same day. As long as you had the money to cover the potential loss, say a very conservative 50% fall in the space of a day, you could invest double what you actually have as long as you sell before market close...

And then there's margins lol...

[blah_blah]

Agreed luck does play a big part. You can do all the research and fundamentals on a company but it may turn south, and south quick due to market sentiment. A company may be structurally sound but the market is driven by greed and fear.

Back in the hay day the most I made was $15k in a week, this was off $12k capital. But have also lost just as much.

These days I just put money in the mortgage

[alr33x]

yeh i rkn insider trading must be rife, i mean stamping out is almost impossible if you happen to know a guy who knows a certain company has just won/is about to wina big contract or find a new oil field gas line etc then BOOM jump on that shit

[Birds]

lol insider trading is so rife it's almost unwritten law...only have to look at number of trades made a day before big announcements...complete horse shit but there's no way to prove it. ASX query goes "please explain the big price rise/fall and sudden heavy trading in your stock" "blah

blah we blame market fluctuations and release of quarterly reports".

[UNR33L]

I got a mate that had a big "in", borrowed 50k and now the shares are worth 3c each. A year or so onward.

Pretty fail

[alr33x]

yeh that'd hurt ..

[Mohsen]

lol my mate rocks up last night, "I JUST BOUGHT 10% OF A RACING HORSE, I DONT KNOW WHAT ITS CALLED BUT ITS A RACING HORSE"

[R31Nismoid]

Even the pros get f**ked up in this day and age. For every successful investment story you hear about there's at least another that doesn't go so well. And too many guys attributing all their success to skill, when luck is half of it and someone has to come out on top. I remember all the cunts who were going on about how they predicted the GFC etc. didnt hear a peep from them before it happened!

A lot of them get greedy though.

I know a few already in that boat. Some that'll have to now hang onto the stocks for a good 6 months before its viable to sell. Simply because they wanted that "extra couple %"

I say fk it, if you've made over 10% - sell. If it's at 30% then good on ya.

People get regret that they sold before the "peak" in many instances but you cant have that attitude or you'll go mad

[Miguelone]

Cut my foot open on a tin can, shit went like 1cm deep. 4 stitches, fun times.

[Flynnn]

Lol was just wanting to see how someone that had to pay for a holiday with a credit card, has a vested interest in anything

You cannot be serious...

Not really.. only said that to make him feel a little better lol

Who gives a shit anyway. Dezz obviously does though, cheeky curious cunt

[Birds]

A lot of them get greedy though.

I know a few already in that boat. Some that'll have to now hang onto the stocks for a good 6 months before its viable to sell. Simply because they wanted that "extra couple %"

I say fk it, if you've made over 10% - sell. If it's at 30% then good on ya.

People get regret that they sold before the "peak" in many instances but you cant have that attitude or you'll go mad

I was always one to cash out as soon as I'd made a few dollars. Same with any game at the casino. Don't care what could have been if I've still got something out of it. A mate on the other hand, he's held onto one share through around 4 big peaks and troughs, refusing to sell and buy back in each time that I've advised him to...he could have more than doubled his money by now if he listened to me. I didn't have the guts to follow my own advice, it's easier to make decisions on money that isn't yours. I don't know what he's waiting for though...

[Flynnn]

Check this out guys, predominantly American but incredible all the same.

Most Powerful Photos of 2011

http://www.youtube.com/watch?v=bz-nO6WvOYw

[funkymonkey]

wtf is a "triple heavy duty"? wouldn't that just be a "heaviest duty"?

[dezz]

Not really.. only said that to make him feel a little better lol

Who gives a shit anyway. Dezz obviously does though, cheeky curious flamin mongrel

I travelled all over Europe, as well as L.A,, Vegas and San Francisco, and paid cash.

But thanks for thinking of my feelings

[Sunkist]

wtf is a "triple heavy duty"? wouldn't that just be a "heaviest duty"?

lol thats what I thought..

Ive got one. and the clutch pedal is pretty heavy

[alr33x]

Fk u kents get up early

[dezz]

I'd rather start early and finish early than finishing at 5pm

[blah_blah]

Get up early, get home late

[alr33x]

Amen to that