Blog: &quot;The Day I Lost a Sh*t-ton of Money&quot;

Posted by TechDawg2007

Bawville

Member since Nov 2007

32249 posts

Posted on 12/2/14 at 8:29 pm to bayoubengals88

Great read

Posted by jimbeam

University of LSU

Member since Oct 2011

75703 posts

Posted on 12/2/14 at 8:38 pm to TechDawg2007

Cliff notes?

3 ...

Posted by OldHickory

New Orleans

Member since Apr 2012

10602 posts

Posted on 12/2/14 at 8:51 pm to jimbeam

quote:
Cliff notes?

Yeah. A guy lost a lot of money in one day.

Posted by southernelite

Dallas

Member since Sep 2009

53177 posts

Posted on 12/2/14 at 9:10 pm to jimbeam

Guy trades pink sheets. Loses his firm $150k on Fannie Mae

Posted by bayoubengals88

Member since Sep 2007

18924 posts

Posted on 12/2/14 at 9:22 pm to southernelite

I guess this guy is everything that everyone from the penny stock thread aspires to be?

Posted by Teddy Ruxpin

Member since Oct 2006

39582 posts

Posted on 12/2/14 at 9:23 pm to jimbeam

quote:
Cliff notes?

If you can't finish the story or don't understand a lot of what is going on (I could figure some things out through context clues) don't ever try to day trade

That blog showed me how little I know and that I'd get slaughtered.

Posted by southernelite

Dallas

Member since Sep 2009

53177 posts

Posted on 12/2/14 at 9:37 pm to bayoubengals88

Nah. Not really, those guys in the openny stock arent trading on technicals/momentum, they're way long.

This post was edited on 12/2/14 at 9:47 pm

Posted by reb13

Member since May 2010

10905 posts

Posted on 12/2/14 at 9:43 pm to southernelite

quote:
Nah. Not really, those guys in the openny stock are trading on technicals/momentum, they're way long.

so true

Posted by Ole War Skule

North Shore

Member since Sep 2003

3409 posts

Posted on 12/3/14 at 5:59 am to bayoubengals88

nice reality check....I KNOW there's really no chance I can beat the market trading UGAZ, SLV, or any other of the casino games we're playing here in the long run....unknown future events, manipulative institutional trading, and destructive human emotion will always win eventually...sure, I can be lucky for a while, but it never lasts...

that being said, I'm off to do some trading

Posted by Iowa Golfer

Heaven

Member since Dec 2013

10230 posts

Posted on 12/3/14 at 6:13 am to Ole War Skule

I don't ever try to beat the market. I try to beat other people trying to beat the market. There are plenty of them out there. finding them is difficult.

For example, I've remained pretty silent on the entire pancake in a bottle thing. LULZ.

Posted by thatguy777

Member since Feb 2007

2386 posts

Posted on 12/3/14 at 6:33 am to Iowa Golfer

So, what is your take on pancakes in a can? Obviously there are a few here that think it is a total scam. I'd like to know what you think is going on here.

Posted by PetroAg

Member since Jun 2013

1273 posts

Posted on 12/3/14 at 6:36 am to thatguy777

I don't see how they can beat out frozen waffles/pancakes you put in a toaster , unless the canned pancakes require no cooking or heating

Posted by thatguy777

Member since Feb 2007

2386 posts

Posted on 12/3/14 at 6:39 am to PetroAg

I don't think that is necessarily their goal, to beat them out that is. I'd agree with you there. I do believe they can capture a decent size share of the market though.

Posted by Cold Cous Cous

Bucktown, La.

Member since Oct 2003

15046 posts

Posted on 12/3/14 at 8:13 am to PetroAg

quote:
I don't see how they can beat out frozen waffles/pancakes you put in a toaster , unless the canned pancakes require no cooking or heating

My life partner took them on a long-term camping trip and came back raving about them. Hard to take a freezer with you in a backpack. Now whether that advantage is enough to rocket the company into the Fortune 500, hard to say.

Posted by Iowa Golfer

Heaven

Member since Dec 2013

10230 posts

Posted on 12/3/14 at 11:40 am to Cold Cous Cous

So, what is your take on pancakes in a can? Obviously there are a few here that think it is a total scam. I'd like to know what you think is going on here.

I trade the momentum every day. Or try to, some days I can't get what I want done executed. What do I think about there business model and chances for success? I have no idea and don't care.

Posted by TigerRob20

Baton Rouge

Member since Nov 2008

3732 posts

Posted on 12/3/14 at 3:30 pm to Iowa Golfer

quote:
That blog showed me how little I know and that I'd get slaughtered.

Posted by LSUAlum2001

Stavro Mueller Beta

Member since Aug 2003

47132 posts

Posted on 12/3/14 at 5:13 pm to TigerRob20

I lost a shite-ton when I was in the field during the sell-off after a PR was released on a penny stock I owned detailing a ridiculous reverse split..

I lost about $60K that day..

This post was edited on 12/3/14 at 5:23 pm

Posted by I Love Bama

Alabama

Member since Nov 2007

37715 posts

Posted on 12/3/14 at 5:28 pm to LSUAlum2001

quote:
I lost a shite-ton when I was in the field during the sell-off after a PR was released on a penny stock I owned detailing a ridiculous reverse split..

I lost about $60K that day

Say what? That isn't how a reverse split works....