Anyone interested in the stock market?

At 12/13/2015 8:11:47 AM, WAM wrote:
Anyone on here who is interested in the stock market?

I really enjoy analysing the stock market and making predictions, I use a couple simulators, and basically am looking for anyone who has a similar passion to just chat about stocks, economy and news. (or debating... I mean we are on DDO...)

I mostly do NASDAQ penny stocks, but I guess I know quite a bit about other stocks too..

At 12/14/2015 9:55:18 AM, Chang29 wrote:

I would be interesting to talk about really making money, not just general economic theory.

At 12/19/2015 9:33:42 AM, ClaesTheilgaard wrote:
Yes, I am! I like following some of my favourite firms here in Denmark and then deciding whether or not to invest in them. For me it is mainly entertainment, but of course, also a way to earn some money along the way.

At 12/21/2015 1:59:12 PM, WAM wrote:

At 12/19/2015 9:33:42 AM, ClaesTheilgaard wrote:
Yes, I am! I like following some of my favourite firms here in Denmark and then deciding whether or not to invest in them. For me it is mainly entertainment, but of course, also a way to earn some money along the way.

Do you chose your 'favourite firms' on a basis if you like their product, or do you look at their charts and economic factors and then decide whether you invest or not?

Also, how do you trade? Long-term investment or short-term?

At 12/25/2015 5:19:57 PM, bballcrook21 wrote:
You cannot make too much money off the stock market until you have a lot of money to invest. Your return rate would range, but mostly be about 8%, which is the general return rate of investments in 1st world nations.

I would say focus on penny stocks, since they are cheap. Go on some virtual sites and muck around there too.

At 12/25/2015 5:19:57 PM, bballcrook21 wrote:
You cannot make too much money off the stock market until you have a lot of money to invest. Your return rate would range, but mostly be about 8%, which is the general return rate of investments in 1st world nations.

I would say focus on penny stocks, since they are cheap. Go on some virtual sites and muck around there too.

At 9/9/2016 4:42:15 AM, triangle.128k wrote:
dead thread, I know

but I am beginning to study the stock market, and I'll probably start trading real money in maybe a year or two.

At 9/9/2016 6:05:23 AM, lannan13 wrote:

At 9/9/2016 4:42:15 AM, triangle.128k wrote:
dead thread, I know

but I am beginning to study the stock market, and I'll probably start trading real money in maybe a year or two.

Have you tried the WSJ's stock market trading game? They have a simulation where you can trade money on the US stock market.

At 9/9/2016 7:23:52 PM, triangle.128k wrote:

At 9/9/2016 6:05:23 AM, lannan13 wrote:

At 9/9/2016 4:42:15 AM, triangle.128k wrote:
dead thread, I know

but I am beginning to study the stock market, and I'll probably start trading real money in maybe a year or two.

Have you tried the WSJ's stock market trading game? They have a simulation where you can trade money on the US stock market.

http://www.howthemarketworks.com...

No, I used this one. It might not be the best, but it is soon hosting a stock competition for an organization I was in, so I figured I would get used to that one.

At 9/9/2016 7:39:09 PM, lannan13 wrote:

At 9/9/2016 7:23:52 PM, triangle.128k wrote:

At 9/9/2016 6:05:23 AM, lannan13 wrote:

At 9/9/2016 4:42:15 AM, triangle.128k wrote:
dead thread, I know

but I am beginning to study the stock market, and I'll probably start trading real money in maybe a year or two.

Have you tried the WSJ's stock market trading game? They have a simulation where you can trade money on the US stock market.

http://www.howthemarketworks.com...

No, I used this one. It might not be the best, but it is soon hosting a stock competition for an organization I was in, so I figured I would get used to that one.

It's an interesting thing to study. I've mainly focused on the currency exchange which is something that I find to be the most interesting versus other stocks.

At 9/9/2016 8:07:46 PM, triangle.128k wrote:

At 9/9/2016 7:39:09 PM, lannan13 wrote:

At 9/9/2016 7:23:52 PM, triangle.128k wrote:

At 9/9/2016 6:05:23 AM, lannan13 wrote:

At 9/9/2016 4:42:15 AM, triangle.128k wrote:
dead thread, I know

but I am beginning to study the stock market, and I'll probably start trading real money in maybe a year or two.

Have you tried the WSJ's stock market trading game? They have a simulation where you can trade money on the US stock market.

http://www.howthemarketworks.com...

No, I used this one. It might not be the best, but it is soon hosting a stock competition for an organization I was in, so I figured I would get used to that one.

It's an interesting thing to study. I've mainly focused on the currency exchange which is something that I find to be the most interesting versus other stocks.

I heard currency trading/FOREX was a rip off by some people, but I don't really know much about it. Have you gained a decent sum of money through currency trading?

At 9/11/2016 5:38:11 PM, gametheorist wrote:
Can anyone recommend good books on finance and the stock market, specifically fundamental analysis?

I've already read:
The Intelligent Investor by Benjamin Graham
Why Stocks Go Up and Down by William Pike
Common Stocks and Uncommon Profits by Phil Fisher

And I'm currently reading Buffettology by Mary Buffett.

But I'm not sure if all of these books and their content remain applicable in today's stock market. So any other suggestions by anyone who's up-to-speed in the field today would be greatly appreciated.

At 9/11/2016 6:26:05 PM, twocupcakes wrote:

At 9/11/2016 5:38:11 PM, gametheorist wrote:
Can anyone recommend good books on finance and the stock market, specifically fundamental analysis?

I've already read:
The Intelligent Investor by Benjamin Graham
Why Stocks Go Up and Down by William Pike
Common Stocks and Uncommon Profits by Phil Fisher

And I'm currently reading Buffettology by Mary Buffett.

But I'm not sure if all of these books and their content remain applicable in today's stock market. So any other suggestions by anyone who's up-to-speed in the field today would be greatly appreciated.

Peter Lynch has some good books.

I believe they are called One Up on Wall Street, and Beating the Street.

At 9/12/2016 6:45:46 PM, gametheorist wrote:

At 9/11/2016 6:26:05 PM, twocupcakes wrote:

At 9/11/2016 5:38:11 PM, gametheorist wrote:
Can anyone recommend good books on finance and the stock market, specifically fundamental analysis?

I've already read:
The Intelligent Investor by Benjamin Graham
Why Stocks Go Up and Down by William Pike
Common Stocks and Uncommon Profits by Phil Fisher

And I'm currently reading Buffettology by Mary Buffett.

But I'm not sure if all of these books and their content remain applicable in today's stock market. So any other suggestions by anyone who's up-to-speed in the field today would be greatly appreciated.

Peter Lynch has some good books.

I believe they are called One Up on Wall Street, and Beating the Street.

Thanks, I've heard of him. I'll take a look and see if my local library has anything by him.

At 12/13/2015 8:11:47 AM, WAM wrote:
Anyone on here who is interested in the stock market?

I really enjoy analysing the stock market and making predictions, I use a couple simulators, and basically am looking for anyone who has a similar passion to just chat about stocks, economy and news. (or debating... I mean we are on DDO...)

I mostly do NASDAQ penny stocks, but I guess I know quite a bit about other stocks too..

At 9/18/2016 3:56:46 PM, Raisor wrote:

At 12/13/2015 8:11:47 AM, WAM wrote:
Anyone on here who is interested in the stock market?

I really enjoy analysing the stock market and making predictions, I use a couple simulators, and basically am looking for anyone who has a similar passion to just chat about stocks, economy and news. (or debating... I mean we are on DDO...)

I mostly do NASDAQ penny stocks, but I guess I know quite a bit about other stocks too..

I'm an index investor.

Do you play with real money or just do simulations? How do your portfolios compare to the Total Stock Index or the SP500?

At 9/20/2016 2:13:48 PM, WAM wrote:

At 9/18/2016 3:56:46 PM, Raisor wrote:

At 12/13/2015 8:11:47 AM, WAM wrote:
Anyone on here who is interested in the stock market?

I really enjoy analysing the stock market and making predictions, I use a couple simulators, and basically am looking for anyone who has a similar passion to just chat about stocks, economy and news. (or debating... I mean we are on DDO...)

I mostly do NASDAQ penny stocks, but I guess I know quite a bit about other stocks too..

I'm an index investor.

Do you play with real money or just do simulations? How do your portfolios compare to the Total Stock Index or the SP500?

At the moment just simulation, I don't have time nor the funds for real money. Currently I'm mainly doing stuff on the Australian market, I study in Australia so it's a lot more relevant than US and i'm mostly doing Bluechip, because my finance studies don't really do anything with small or microcap.

When I actually do make a portfolio, i generally try to make it more long term and generally have a positive alpha, so I make more than the index. But that's if I make one. Normally I'm too busy too at the moment, so I can't look at it 24/7, so sometimes I do go wrong.

At 9/21/2016 12:04:24 PM, Raisor wrote:

At 9/20/2016 2:13:48 PM, WAM wrote:

At 9/18/2016 3:56:46 PM, Raisor wrote:

At 12/13/2015 8:11:47 AM, WAM wrote:
Anyone on here who is interested in the stock market?

I really enjoy analysing the stock market and making predictions, I use a couple simulators, and basically am looking for anyone who has a similar passion to just chat about stocks, economy and news. (or debating... I mean we are on DDO...)

I mostly do NASDAQ penny stocks, but I guess I know quite a bit about other stocks too..

I'm an index investor.

Do you play with real money or just do simulations? How do your portfolios compare to the Total Stock Index or the SP500?

At the moment just simulation, I don't have time nor the funds for real money. Currently I'm mainly doing stuff on the Australian market, I study in Australia so it's a lot more relevant than US and i'm mostly doing Bluechip, because my finance studies don't really do anything with small or microcap.

When I actually do make a portfolio, i generally try to make it more long term and generally have a positive alpha, so I make more than the index. But that's if I make one. Normally I'm too busy too at the moment, so I can't look at it 24/7, so sometimes I do go wrong.

Do you include trading fees in calculating alpha? If you are actually trading asset classes comparable to the sp500 (which it sounds like you are since you are large cap) and have a portfolio with a positive alpha over the course of several years, that is very impressive.

At 9/21/2016 2:25:50 PM, WAM wrote:

At 9/21/2016 12:04:24 PM, Raisor wrote:

At 9/20/2016 2:13:48 PM, WAM wrote:

At 9/18/2016 3:56:46 PM, Raisor wrote:

At 12/13/2015 8:11:47 AM, WAM wrote:
Anyone on here who is interested in the stock market?

I really enjoy analysing the stock market and making predictions, I use a couple simulators, and basically am looking for anyone who has a similar passion to just chat about stocks, economy and news. (or debating... I mean we are on DDO...)

I mostly do NASDAQ penny stocks, but I guess I know quite a bit about other stocks too..

I'm an index investor.

Do you play with real money or just do simulations? How do your portfolios compare to the Total Stock Index or the SP500?

At the moment just simulation, I don't have time nor the funds for real money. Currently I'm mainly doing stuff on the Australian market, I study in Australia so it's a lot more relevant than US and i'm mostly doing Bluechip, because my finance studies don't really do anything with small or microcap.

When I actually do make a portfolio, i generally try to make it more long term and generally have a positive alpha, so I make more than the index. But that's if I make one. Normally I'm too busy too at the moment, so I can't look at it 24/7, so sometimes I do go wrong.

Do you include trading fees in calculating alpha? If you are actually trading asset classes comparable to the sp500 (which it sounds like you are since you are large cap) and have a portfolio with a positive alpha over the course of several years, that is very impressive.

Overall most of my portfolios that I have simulated have had a positive alpha, but I'm mainly just screwing around with different types of diversification and assets. But I wouldn't say that I have had any portfolios with positive alphas over several years, I mainly do stuff for a few weeks or months and see how I go.

I generally deduct fees for trades when I calculate returns, but I don't have the time to make a huge amount of trades so generally there are not many fees.

I generally look at beta of shares, as I still kind of like riskier smallcap stocks, but I have no real life trading experience with them.

At 12/25/2015 5:19:57 PM, bballcrook21 wrote:
You cannot make too much money off the stock market until you have a lot of money to invest. Your return rate would range, but mostly be about 8%, which is the general return rate of investments in 1st world nations.

I would say focus on penny stocks, since they are cheap. Go on some virtual sites and muck around there too.

At 9/21/2016 3:34:55 PM, Raisor wrote:

At 12/25/2015 5:19:57 PM, bballcrook21 wrote:
You cannot make too much money off the stock market until you have a lot of money to invest. Your return rate would range, but mostly be about 8%, which is the general return rate of investments in 1st world nations.

I would say focus on penny stocks, since they are cheap. Go on some virtual sites and muck around there too.

This is terrible advice. If you are trying to find investments that are attractive because they are "cheap" you should not be investing.

You can make a sh*t ton of money with 8% nominal returns. Investing is a long term game, at 8% your money doubles every ten years. That means if you put in 10k at age 20 you would have 20k at age 30- you just made 1k a year for doing nothing.

At 9/22/2016 1:47:38 AM, bballcrook21 wrote:

At 9/21/2016 3:34:55 PM, Raisor wrote:

At 12/25/2015 5:19:57 PM, bballcrook21 wrote:
You cannot make too much money off the stock market until you have a lot of money to invest. Your return rate would range, but mostly be about 8%, which is the general return rate of investments in 1st world nations.

I would say focus on penny stocks, since they are cheap. Go on some virtual sites and muck around there too.

This is terrible advice. If you are trying to find investments that are attractive because they are "cheap" you should not be investing.

I'm saying to make A LOT of money fast, you need A LOT of money to invest. I'm not talking about getting 1k each year over a couple of years. I'm talking about millions of dollars.

You can make a sh*t ton of money with 8% nominal returns. Investing is a long term game, at 8% your money doubles every ten years. That means if you put in 10k at age 20 you would have 20k at age 30- you just made 1k a year for doing nothing.

At 9/21/2016 3:30:22 PM, Raisor wrote:

At 9/21/2016 2:25:50 PM, WAM wrote:

At 9/21/2016 12:04:24 PM, Raisor wrote:

At 9/20/2016 2:13:48 PM, WAM wrote:

At 9/18/2016 3:56:46 PM, Raisor wrote:

At 12/13/2015 8:11:47 AM, WAM wrote:
Anyone on here who is interested in the stock market?

I really enjoy analysing the stock market and making predictions, I use a couple simulators, and basically am looking for anyone who has a similar passion to just chat about stocks, economy and news. (or debating... I mean we are on DDO...)

I mostly do NASDAQ penny stocks, but I guess I know quite a bit about other stocks too..

I'm an index investor.

Do you play with real money or just do simulations? How do your portfolios compare to the Total Stock Index or the SP500?

At the moment just simulation, I don't have time nor the funds for real money. Currently I'm mainly doing stuff on the Australian market, I study in Australia so it's a lot more relevant than US and i'm mostly doing Bluechip, because my finance studies don't really do anything with small or microcap.

When I actually do make a portfolio, i generally try to make it more long term and generally have a positive alpha, so I make more than the index. But that's if I make one. Normally I'm too busy too at the moment, so I can't look at it 24/7, so sometimes I do go wrong.

Do you include trading fees in calculating alpha? If you are actually trading asset classes comparable to the sp500 (which it sounds like you are since you are large cap) and have a portfolio with a positive alpha over the course of several years, that is very impressive.

Overall most of my portfolios that I have simulated have had a positive alpha, but I'm mainly just screwing around with different types of diversification and assets. But I wouldn't say that I have had any portfolios with positive alphas over several years, I mainly do stuff for a few weeks or months and see how I go.

I generally deduct fees for trades when I calculate returns, but I don't have the time to make a huge amount of trades so generally there are not many fees.

I generally look at beta of shares, as I still kind of like riskier smallcap stocks, but I have no real life trading experience with them.

When you get out of school and start investing real money, I would suggest putting 90% of your portfolio in an index and using 10% as "play money" to test out self built portfolios. It is real easy to lose money or underperform once transaction costs come in (I have a feeling you are underestimating costs since your timescale is so small- investing is a long term endeavor) and the time horizon extends. Seriously, the "risk" you take on in investing is real, you can lose money even when you think you are being smart.

That being said I'd be curious to see your best performing portfolios haha

At 9/23/2016 4:57:45 AM, WAM wrote:

At 9/21/2016 3:30:22 PM, Raisor wrote:

At 9/21/2016 2:25:50 PM, WAM wrote:

At 9/21/2016 12:04:24 PM, Raisor wrote:

At 9/20/2016 2:13:48 PM, WAM wrote:

At 9/18/2016 3:56:46 PM, Raisor wrote:

At 12/13/2015 8:11:47 AM, WAM wrote:
Anyone on here who is interested in the stock market?

I really enjoy analysing the stock market and making predictions, I use a couple simulators, and basically am looking for anyone who has a similar passion to just chat about stocks, economy and news. (or debating... I mean we are on DDO...)

I mostly do NASDAQ penny stocks, but I guess I know quite a bit about other stocks too..

I'm an index investor.

Do you play with real money or just do simulations? How do your portfolios compare to the Total Stock Index or the SP500?

At the moment just simulation, I don't have time nor the funds for real money. Currently I'm mainly doing stuff on the Australian market, I study in Australia so it's a lot more relevant than US and i'm mostly doing Bluechip, because my finance studies don't really do anything with small or microcap.

When I actually do make a portfolio, i generally try to make it more long term and generally have a positive alpha, so I make more than the index. But that's if I make one. Normally I'm too busy too at the moment, so I can't look at it 24/7, so sometimes I do go wrong.

Do you include trading fees in calculating alpha? If you are actually trading asset classes comparable to the sp500 (which it sounds like you are since you are large cap) and have a portfolio with a positive alpha over the course of several years, that is very impressive.

Overall most of my portfolios that I have simulated have had a positive alpha, but I'm mainly just screwing around with different types of diversification and assets. But I wouldn't say that I have had any portfolios with positive alphas over several years, I mainly do stuff for a few weeks or months and see how I go.

I generally deduct fees for trades when I calculate returns, but I don't have the time to make a huge amount of trades so generally there are not many fees.

I generally look at beta of shares, as I still kind of like riskier smallcap stocks, but I have no real life trading experience with them.

When you get out of school and start investing real money, I would suggest putting 90% of your portfolio in an index and using 10% as "play money" to test out self built portfolios. It is real easy to lose money or underperform once transaction costs come in (I have a feeling you are underestimating costs since your timescale is so small- investing is a long term endeavor) and the time horizon extends. Seriously, the "risk" you take on in investing is real, you can lose money even when you think you are being smart.

That being said I'd be curious to see your best performing portfolios haha

I calculate return after every trade. With transaction costs. The site I would use to invest has low transaction costs (compared to other Australian ones), and I also wouldn't make a huge amount of transactions.

Also, I'm planning on going into Investment Finance or private equity after University in any case, so transaction costs would not be much of an issue.