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i keep asking myself...

if i spent all the energy i spent on livejournal instead on day trading, could i have turned a few hundred dollars into a few thousand right now? it's a depressing thought.

i found three interesting volunteer organizations throught the pg county section of the post site. hrm.

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( 14 comments — Leave a comment )
multiplexer
Feb. 27th, 2004 07:02 am (UTC)
if i spent all the energy i spent on livejournal instead on day trading, could i have turned a few hundred dollars into a few thousand right now? it's a depressing thought.

It is infinitely more likely that the energy you spent day trading would have turned a few hundred dollars into a negative few thousand dollars.
snidegrrl
Feb. 27th, 2004 07:19 am (UTC)
maybe there is something i don't understand... idiot question... how can you lose more than you put in?!
castironskillet
Feb. 27th, 2004 07:26 am (UTC)
You don't - you put in more, because that was just bad luck; a poor stock choice that you learned from and this time, this stock is guaranteed to grow. It's been growing for weeks in fact. In fact I'm going to sell it next time it doub ... it's gone????

multiplexer
Feb. 27th, 2004 07:29 am (UTC)
Ever play blackjack or poker, and you're having a losing streak? You think just one more hand and you'll be back to even? Just one more play and you'll win big?

That's how.
snidegrrl
Feb. 27th, 2004 10:17 am (UTC)
I don't play blackjack or poker. It's just not tempting. For some stupid reason, though, this is. :)
me_not_you
Feb. 27th, 2004 11:20 am (UTC)
Easy, start playing with margin loans or start shorting stocks. You can loose alot more money than you put in. Day trading is nothing more than gambling, and we all know how the odds are stacked against us there.
malkin
Feb. 27th, 2004 08:00 am (UTC)
If the day traders were actually making any money, would they be sitting around in that class?
snidegrrl
Feb. 27th, 2004 10:22 am (UTC)
You'd be shocked at the kind of money these "high-rollers" throw around. They also have a different cultural ethos, I think, but that may be a kind of racist assumption. (All the guys I notice working on this are, I believe, from Africa.) These guys want to amass cash any way that they can, including having a paycheck.
mpeg2tom
Feb. 27th, 2004 06:38 pm (UTC)
Overgeneralizing, but I've never met a lazy immigrant.

Something about growing up in a impoverished country run by corrupt socialists seems to inspire one to make the most of the incredible opportunities of the US, if you can get here.
snidegrrl
Mar. 2nd, 2004 05:20 am (UTC)
Yeah, that's pretty much what I was thinking. Although they are kind of lazy about their jobs. But I think that is more about the atmosphere where I work which is very much a do-the-minimum-necessary-to-get-by kind of thing.
cheetahmaster
Feb. 27th, 2004 09:57 am (UTC)
straw man
Also, if you spent that money dealing drugs you could be rich too!
snidegrrl
Feb. 27th, 2004 10:18 am (UTC)
Re: straw man
now that's risky!
panzer_faust
Feb. 27th, 2004 10:55 am (UTC)
I did some day trading once. I lost a bunch once, then gained a bunch later. The end result was my income tax return was that much more complicated. So ya, its just a gamble. I guess most stock trading is.
subliminaltea
Feb. 27th, 2004 01:49 pm (UTC)
The taxes can be killer. They are much more harsh for short term investments than long term investments, probably to discourage day-trading.
( 14 comments — Leave a comment )

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