Talking Stocks 2.0

[chsu74]

I follow a few threads on this topic on various public forums including reddit. They are all filled with good take away info but it does not mean it is without noise. One of my best trades last year came from Rennlist where I came across one of the APPS founders and bought in at $5.80. That thread has since deteriorated but we still keep in touch and share ideas.

There is no right or wrong way to invest; only what is right for you. Who is to blame if you take an investment advice from strangers on a public forum and have it go south. Financial advisors also come in all different shapes and sizes so just because some person barely passed a certification exam does not make them an expert in the field.

7sins graciously and selflessly offered his knowledge here and I appreciate him taking the time and effort to do so. He is great and has a lot to offer to people who want to expand their tools in their financial management tool chest. One can always skip his post if you don’t want to learn as there is no quiz on this next week.

There is a statistic that only 14% of people who trade individual stocks also trade options. Option trading is an excellent tool to manage your long position risk if you do it a certain way or if you can just trade them naked as the risk and reward correlates with your decisions.

I read others’ opinions and take away what I agree with and leave what I don’t. Why would some clairvoyant economic financial genius find him/herself as a staff writer on CNBC or another financial rag? We are all putting our money where our mouth is here but what works for me does not mean my portfolio management beta or asset allocation thesis is for everyone else.

Good luck all