This is too funny, pick up the pieces and move on.
What we should do is start some form of company ourselves maybe not in oil and gas but hey
Franchises, apartment complexes, stock trading, we have the expertise why not use what we have anyone interested, or have any other ideas.
@eht, my stock trading practice is not a secret. There is an element of luck involved, of course, but proper hedging and some patience erases any losses. Any recovery of losses are small and overcome using my method of investing and trading. But there's no secret, just keep it simple. Do not manage more than 10 stocks at any given time. Mind you, I refer to individual company "stock", not mutual funds. These stocks should be in a sector that you understand well. You must have a knowledge for what makes each stock tick, their strengths and weaknesses, their management style, the seasonality or market forces that affect each one of them. Tracking more than 10 stocks won't provide you the sufficient time to track and study each one well enough to make a decisive trade in or out of the stock. Once you pick 10 stocks, keep them for at least one year. You can reallocate your holdings in each one all you like, but keep them. Once a year, throw out the 2 stocks that provided the least returns and bring in two others to replace them. Be dedicated and don't cut corners. Read reputable articles on each company. Research their competition. With a disciplined approach to this investing method, you will likely not lose money. With a little luck, you can see 27% annual returns too, although 12-18% is very possible.
TC:
Based on your sense of optimism, I would say you are probably not a white male. Otherwise you would be too preoccupied with facing reverse discrimination to be making posts like this.
We need to start a movement and to spread the message. We need to fight for our rights using any means necessary.
Congrats, I know it is not easy to win being a frequent trader, what is your secret ?
More people lose rather than win doing day trading
Don't ever think you are better than anyone or anything. We are all just a bad decision or two from being reduced to nothing. Be humble and give everything your very best effort. Do not think for one instant that Chevron, the world, humanity, or anybody or anything owes you a single thing. Pride comes before the fall.
Day traders are the parasites of the investment community. It's legalized theft is all that it is. I couldn't sleep at night profiting on someone else's misfortune day after day. But that's just me.
Are you strictly a day trader, do you close out positions at the end of every day, even if it is a loss ?
I'm looking to start snatching up potential rental properties in the Midland/Odessa area. There are a lot of renters because people come for the money but don't want to stay long term. Looking for potential investors. If anyone is interested, email me at 4775josh@gmail.com
Awesome!!!
A year ago when Chevron showed me the door, I took my entire 1 year severance paycheck and my last Chevron paycheck and opened an account at Charles Schwab. I started day trading on the NASDAQ, managing a small portfolio of only 10 stocks. I started with exactly $125,000. One year later, my portfolio is valued at $159,100. I kept reinvesting my earnings and have turned a 27% ROI. Day trading has become my occupation while I live off my $4,100 Chevron annuity plus $1,200 rental income each month. Life is good in retirement after 27 years with CVX. No mortgage, no debts, good health. May many of you reach your goals and retire well someday.