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Messages - Ephraimh

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76
General Discussion / Re: Any day traders in the forum?
« on: January 22, 2019, 11:22:14 AM »
That's like saying 'don't open a grocery, because the rich people open chain stores'.

Trading is a job (gambling job according to some, but still.), While investing is not.

I know people making 3-5k daily on average from day trading.
Bad analogy.
Are you suggesting that 3-5k is average return for a day trader or even a plausible fantasy for most people? Successful day trading isnít comparable to opening a grocery, or to any other traditional way of making money for that matter, and you know it.

77
General Discussion / Any day traders in the forum?
« on: January 22, 2019, 10:59:16 AM »
Not gonna hate on day traders, if humans figured out a way to get to the Moon and how to cause unspeakable destruction with little Atoms, then there is definitely a way to figure out how to make money day trading... its probably not rocket science.

That being said though, go ahead and take a look at the Forbes 100 richest list, youíre not gonna find any day traders there.. instead youíre gonna find the likes of Warren Buffett, Ray Dalio, and Carl Icahn who made their money through regular investing, (should probably add Bill Gates, Mark Zuckerberg, Jeff Bezos, etc. as well as I donít think theyíd be on that list if theyíd be switching in and out of their own stock).

Is short, can you make money day trading? Yeah, with the right skill set, I guess. Is it the superior way to make lots and lots of money? No.

78
Up In The Air / Re: Airport Lounges
« on: January 14, 2019, 07:32:25 PM »
BP doesn't allow anyone but the cardholder into DL lounges.
Ok that explains it, Iím not into lounges and was pleasantly surprised

79
Up In The Air / Re: Airport Lounges
« on: January 14, 2019, 07:23:26 PM »
Best lounge @JFK near Delta to TLV terminal using Biz Plat card/PP?
Delta Sky Club.
Just be aware I tried using it with a friend this week and they wouldnít allow a friend only the cardholder.

80
General Discussion / Re: Stocks
« on: January 09, 2019, 01:37:52 AM »
Palladium, a PM , more than doubled since the FED started raising rates and is making new all time highs closing above $1300.
Common, Palladium is a total outlier driven entirely by low supply and high demand for car parts, nothing to do with the broader market or interest rates, all other PMs tend to underperform the markets when hawkishness is in the air

And as it relates to Palladium, wait until one of these car manufacturers announces that theyíre switching from Palladium to Platinum.. donít think itíll reach any new all time highs then, itís one announcement away from a huge permanent drop, although that might never happen.

81
General Discussion / Stocks
« on: January 09, 2019, 12:05:20 AM »
Iíll buy some index funds on sale now. Iíll buy more if it goes on sale more.
+1 itís the way to go to win in this market IMO

The December market downfall has squeezed every last bit of dovishness out of Powell, heíll only get more hawkish from here, he craves rate hikes, and heíll find a way to get it, and hawkishness has a bigger downward impact on precious metal vs index funds

82
General Discussion / Stocks
« on: December 26, 2018, 08:44:50 PM »
Not to diminish todaysí record setting gain, but guess which year held the record for the biggest single day gain until today? 2008.

Im not comparing the two, in fact Iím actually buying this market, just putting things in perspective.

83
General Discussion / Re: Stocks
« on: December 22, 2018, 10:46:53 PM »
Finally reinitiated a position in GOOG and SQ on Friday after selling them a few years ago for way to cheap, hope it goes down more so I can build it up, especially hoping SQ goes down as the valuation is still a bit to pricey but couldnít resist starting a position in it as itís down nearly 50% from its ATH

84
General Discussion / Stocks
« on: December 10, 2018, 02:05:56 PM »
I guess I can rephrase. Thinking about gambling $1000 or $1500 by buying mutual funds with the intention of holding long term I am not so knowledgeable About the market but my belief/gamble is that long-term a fund will increase in value. I realize should not matter when I buy if this is true but still feels better to buy when the market down even if it may continue to fall
No need to rephrase.

Putting $1500 in an ETF like the SPY for the long term is no gamble.

Betting that these 500 will go up over time without the proper knowledge as to what theyíre doing/finances are, isnít the same as betting on one particular company, youíre betting on the American economy ó long term, safe bet, just buy it.

85
General Discussion / Anti-Semitism and knowing when it may be time to leave
« on: December 02, 2018, 12:16:30 PM »
@ChaimMoskowitz how often do you have someone yelling at you for something that you weren't @ fault because you're catholic?

here is a picture of the incident



Thatís the downside of being involved in an accident on the BQE while being visibly Jewish..

The upside is that youíre never alone.. when I totaled a car on the BQE a few years ago Iíve merely stepped out of the car to assess the damage literally 20 seconds after the impact.. and a random fellow Jew stoped and took home my wife and kids.. Were they not picked up, they wouldíve spent the next two 2 hours with me on an open highway with speeding 18 wheelers only to arrive home with a sketchy bumpy flatbed truck.. think positive!

ETA:
here are some pictures.. btw the impact resulted in the front cars muffler to punch a piece out of the plates.. talk about perfection..

86
General Discussion / Re: Stocks
« on: November 28, 2018, 09:27:07 PM »
Thoughts on averaging down on Amzn?
After todays move?

87
General Discussion / Stocks
« on: November 20, 2018, 10:05:59 AM »
As far as the high flying/big cap tech stocks are concerned, in my opinion for the long term:

GOOG and AAPL are screaming buys here (low downside high upside, but may take time, especially AAPL)

AMZN, NFLX, FB, NVDA, CRM I wouldnít touch (too much downside still possible)

MSFT neutral (low upside low downside)

88
Just Shmooze / Amazon HQ2
« on: November 15, 2018, 04:25:27 PM »
I think we're going around in circles :)
Lemme just say this in the name of breaking up the circle, Dan is totally right here, youíre by definition not picking a winner, when the so called loser didnít compete in the same league (I.e. transforming a city).

There you go, no more circle.

89
Just Shmooze / Re: Amazon HQ2
« on: November 15, 2018, 02:33:08 PM »
If you take the extra 10% away from one dairy and give it to another to sell, then yes.
Not following

90
Just Shmooze / Amazon HQ2
« on: November 15, 2018, 02:29:54 PM »
I don't want to waste too much more of anyone's time, so let me just ask this. Do you truly believe that your analogy is even remotely related to this discussion? Because if you do I can't imagine having a productive rational discussion with you on this topic.
I have a feeling that what irks you is the fact that Iím comparing tax dollars to you using your own money, am I right?

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