UnThreaded | Threaded | Whole Thread (135) | Ignore Thread Prev | Next
Author: JeanDavid Big funky green star, 20000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 254106  
Subject: Re: Does this stuff work ? Date: 2/13/2013 12:29 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 3
I can see how you could fool yourself into thinking this is a good strategy.

Back when I had a full-commission broker, she suggested trading S&P500 Index futures contracts. I put in $7,000 to try it out. All I was willing to lose at the time. She made several trades a day. It was a great strategy. I doubled my money every week for three straight weeks! Wow! But then my investment dropped 50% every week for five straight weeks. She then requested more money because the brokerage firm had a minimum amount for trading those contracts, and I had gotten below it. It did not seem like a good idea, so I put no more money in that. She traded some more on her own personal account and lost a lot more. She really believed in that stuff, but learned slower than I did.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (135) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement