Doonesbury by Garry Trudeau for July 05, 2023

Whatever goes down, goes back up… eventually.

i met one of the ‘boy wonders’ of the stock market and he said that what he did was essentially gambling. that he was a Gambler.

Chase may have competition with Calvin@Home for coffee consumption.

“This little pig went to market, where they buy and sell the stocks. This little pig came home again, with his system full of shocks. “I don’t understand their language, don’t know what it’s all about – For a bull buys up and the bear sells down, and a broker sells you out.”

Tale of the Ticker 1929

I remember back in the 90s when people were hot the tech stocks even though the companies had zero profits or even a product. just a website

Coworker was a daytrader. I don’t think he did anything but break even.

and VV….

Day trading in a nutshell.

But most of 1999, when this was written, NASDAQ was running around 2600. If it was down 63 points it would only be about 2.5%, not a 40% loss

Today in 2023 NASDAQ is around 14,000 so if he just let his $10,000 stay in the tech sector, today it would be worth a lot more, like maybe $1.3 million or more. Let it ride.

If you invested in Trump Casinos,get out now!

Panic is not a strategy. You only lose money if you sell or it goes bankrupt.

A nice long $4000 coffee break.

Hopefully this story line is short. Boring.

One guy who made a fortune in the stock market was asked what his secret was and replied “You’ve got to get out the day BEFORE the market crashes.”

One investment firm paid significant cash to have a dedicated fiber-optic transmission line installed between its HQ in New York City and the Chicago Mercantile Exchange, so their computers could get about a half-second jump on the competition that was still relying on commercial DSL lines. Apparently they figured the speed advantage gained by getting the latest info just that tiny bit faster than the other firms would more than cover the cost of the 800-mile fiber-optic line.

This is what human day traders, operating at the speed of human brains and fingers over (in many cases) dial-up copper phone lines, have to compete against. What do you suppose their chances are?

How does that saying go again? Fools and their money parting ways or some-such….

You generally get stabler returns by investing in index funds for a longer time.