Its Over

Originally posted by Taurisk ↑

@1ronnie - thanks for your indefatigable postings.
This is a bit personal: There is much gold but also much rubbish posted on HC - (thanks for your upticks you-know-where). - I am determined to claw 'my money' back which I lost in 2008-9 - am doing o.k. in a small way and recently on doing my tax return, I have figured out i have to live another 10 years (haha!) to succeed and get my losses back.

Fact: I am only now - after having had the experience and trauma of what was for me a heavy loss - - am only now: learning to understand the rules and discipline of making (some!) money from share trading and - incidentally - learning how our Western capitalist system works (and is manipulated).

It is fun to try and I am finding it interesting to read the different threads - not just LTR, which I only read because a friend is invested - hope she has taken some profit - and I made some good gains there as well. There are a lot of 'colourful' characters involved in the stock market, particularly in the mining game in Australia and I sometimes struggle with admiration at their chuzpe or with contempt/pity for their 'believing' shareholders as witnessed by the hopeful messages people put out - all into an empty echo-chamber, with no or scant replies from the responsible people. And then the long-term holders turn into cult followers, believers.
(I am also amazed how little supervision there is by the authorities, ASIC - I presume? benign in their invisibiity - Yes, I had to apply for a company name with them recently, (have written a book)

It's an interesting study HC is allowing me to do - hopefully I'll learn something from it, as well.
Thanks for persevering, though I do wish your thread name were somewhat lighter? maybe 'it's beginning' - ??? but then it would be viewed as a portent of bad things . . .
you can't please everyone, that 's for sure.
You are doing well!
Take care
Taurisk

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Thank you @Taurisk, and I am glad you grow wiser every single day by learning and developing a critical mind, so we don't follow herds and groupthink.

Its no longer possible to change the name of the thread, actually it is deliberate because this thread is all about telling people Where We're At, as you know the world is in a turbulence and darker place and everything we know about investing before has had its head turned around. It will always be a cautionary tale here, Winning is Not Losing. I have been doing this for >6 years now but there have been excellent periods when it had been seamless to make money (but must know to take profits and cut losses early).

In this thread, I have cautioned people about the dangers of non-discerning Buy and Hold. A stock is only as good for the long term when macros (economy, sector) and micro (company specific) continue to have a favourable outlook. There have been so many stocks (APX, A2M, RHC, AGL, CHN, DMP) that were wonderful and very decent stocks no one could fault but held longer than they should have, and they turn into X-Mas tree or Bell curve chart formation. Many who have held with multiple baggers who did not take profits (due to tax reasons and overconfidence and denial) lost them all and more, they stood 'married' to the stock and stayed invested to the very end, in many cases until the company goes into administration.

But there will be opportunities. If we are involved in equities now, IMO we can only trade and be good at it, it is difficult because it is a blindsiding market, one day we worry about inflation, another day we worry about deflation with no absolute clue when the Fed pivot will actually arrive and when it does, whether the economy can be without a recession. People can say they buy a business not a stock - like Buffett- but we know stock prices these days can stay disconnected from fundamentals for a protracted time, due to the casinofication of the markets. When you stay invested in equities, you remain exposed to a market correction beyond which you may not know if we would enter a prolong period of markets going nowhere (similar to 2000, 2008 crises). But if you're not, you would remain unscathed and in a stronger position to participate in the aftermath of the coming crisis to benefit in the next bull cycle.