Author Topic: New To Investing Thread  (Read 158386 times)

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Online steve dave

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Re: New To Investing Thread
« Reply #3525 on: February 19, 2021, 02:41:56 PM »
Did you guys miss chum algo week?


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Offline chum1

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Re: New To Investing Thread
« Reply #3526 on: February 19, 2021, 03:21:17 PM »
My own journey for the duration of this thread has basically gone from 13 year-old trying a sip of champagne at one summer wedding to upperclassman regularly hitting Aggieville five nights a week.

Would love to hear more, post more about this

Yes, tell us the chum1 bildungsroman.

2013ish: had one share of Krispy Kreme for the hell of it (and then later completely forgot about it and lost track of it)

2016ish-2018ish: experimented with buying stocks here and there just to see what would happen:

I picked up a little of this stock like a year ago in an attempt to buy low. Here's what it's done since.  :lol:

EGLTQ
EGALET CORP -97.87%

2018ish-2019ish: read Flash Boys, was completely fascinated; read lots more on quants, hft, algo trading

2020: tested and developed quant like trading strategy using historical market data

Late 2020-present: testing strategy with live data, real money; have dozens of open orders at basically any given time

Online star seed 7

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Re: New To Investing Thread
« Reply #3527 on: February 19, 2021, 03:41:09 PM »
I opened my first savings account 18 months ago and am now at the lol let's buy stock to see what happens phase
Hyperbolic partisan duplicitous hypocrite

Offline Kat Kid

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Re: New To Investing Thread
« Reply #3528 on: February 19, 2021, 04:10:13 PM »
My own journey for the duration of this thread has basically gone from 13 year-old trying a sip of champagne at one summer wedding to upperclassman regularly hitting Aggieville five nights a week.

Would love to hear more, post more about this

Yes, tell us the chum1 bildungsroman.

2013ish: had one share of Krispy Kreme for the hell of it (and then later completely forgot about it and lost track of it)

2016ish-2018ish: experimented with buying stocks here and there just to see what would happen:

I picked up a little of this stock like a year ago in an attempt to buy low. Here's what it's done since.  :lol:

EGLTQ
EGALET CORP -97.87%

2018ish-2019ish: read Flash Boys, was completely fascinated; read lots more on quants, hft, algo trading

2020: tested and developed quant like trading strategy using historical market data

Late 2020-present: testing strategy with live data, real money; have dozens of open orders at basically any given time
Go on.....most quants got owned by the flash crash and rebound, did you do ok?
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Offline chum1

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Re: New To Investing Thread
« Reply #3529 on: February 19, 2021, 04:56:50 PM »
Go on.....most quants got owned by the flash crash and rebound, did you do ok?

Did I test data from 2010? No, free market data doesn't go back that far.

I'm not sure about the getting owned characterization. I know there are lots of misrepresentations out there.

Offline Kat Kid

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Re: New To Investing Thread
« Reply #3530 on: February 19, 2021, 05:22:46 PM »
Go on.....most quants got owned by the flash crash and rebound, did you do ok?

Did I test data from 2010? No, free market data doesn't go back that far.

I'm not sure about the getting owned characterization. I know there are lots of misrepresentations out there.
https://open.spotify.com/episode/4Ahn9mQBV6BiuVrR91YVeU?si=ReMojrdtTZCUytwxbEpuLw

Basing on this and a lot of the momentum signals getting messed up by the volatility in March.
@bentren

Offline chum1

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Re: New To Investing Thread
« Reply #3531 on: February 19, 2021, 05:45:54 PM »
Ah, that crash. I'll give that a listen. I haven't heard too much about how people have fared.

Like, the goal would be to have a strategy that is basically crash proof. Plenty of them have been very successful at this in the past. I'm pretty sure Jim Simons did just fine in 2020.

Offline ben ji

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Re: New To Investing Thread
« Reply #3532 on: February 19, 2021, 11:13:49 PM »
I'm all about that index fund game which is where the vast majority of my $ is but each year I pick a couple of stonks.

The good

I bought some Google stock in 2015ish for like 500 a share, sold a couple but still have 5. It's like 2k a share now and it's all profit from here!

Bought some tweeter stock for like $17 a couple years ago, currently around $70.

My company switched to salesforce a couple of years ago and everything tied into that so I bought like 7 shares...it's doubled since then.


The bad

Bought some under armour stock and it lost like 75% of it's value, got back to 50% down and I sold it a couple of years ago.

Lost my ass on some monsanto stock until bayer bought them and I broke even after like 3 years.

Countless individual oil stocks. The only thing I have left is an oil ETF that is just about back to even after some timely buys at some lows this summer. Unfortunately my base position was from like 2016.
« Last Edit: February 19, 2021, 11:20:50 PM by ben ji »

Offline ben ji

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Re: New To Investing Thread
« Reply #3533 on: February 19, 2021, 11:19:04 PM »
I haven't bought an individual stonk in about a year so I'm gunning for a new idea. Tell me, if you had 2k cash sitting in an IRA and were looking for a long term stonk to buy what should I go for?

Online steve dave

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New To Investing Thread
« Reply #3534 on: February 19, 2021, 11:22:02 PM »
$SNOW


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Offline chum1

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Re: New To Investing Thread
« Reply #3535 on: February 19, 2021, 11:34:35 PM »
https://open.spotify.com/episode/4Ahn9mQBV6BiuVrR91YVeU?si=ReMojrdtTZCUytwxbEpuLw

Basing on this and a lot of the momentum signals getting messed up by the volatility in March.

I listened to a good chunk. It's news to me. There are all sorts of quant like strategies, though. I don't think it's accurate to say they all sucked in 2020.

I suppose everyone wants to bill themselves as a quant these days. But that guest struck me as more of a traditional mutual fund manager and perhaps not the best authority on the subject.

Offline Kat Kid

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Re: New To Investing Thread
« Reply #3536 on: February 20, 2021, 06:50:56 AM »
https://open.spotify.com/episode/4Ahn9mQBV6BiuVrR91YVeU?si=ReMojrdtTZCUytwxbEpuLw

Basing on this and a lot of the momentum signals getting messed up by the volatility in March.

I listened to a good chunk. It's news to me. There are all sorts of quant like strategies, though. I don't think it's accurate to say they all sucked in 2020.

I suppose everyone wants to bill themselves as a quant these days. But that guest struck me as more of a traditional mutual fund manager and perhaps not the best authority on the subject.
Yeah I think the biggest thing I learned about was how rules based strategies confront a unique situation. I’m sure that affects lots of quants and non quants but quants are obviously all rule based so if they are an ETF they have to update their docs and submit a new prospectus, I guess it probably wouldn’t probably affect like Renaissance the same way.
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Online steve dave

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Re: New To Investing Thread
« Reply #3537 on: February 20, 2021, 08:08:10 AM »
I was listening to something the other day speculating on how all the momentum quants were going to get crushed by all the GME, AMC, etc. stuff because they could have rules to chase it up without accounting for the inevitable immediate crash.

Offline Kat Kid

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Re: New To Investing Thread
« Reply #3538 on: February 20, 2021, 09:38:46 AM »
I was listening to something the other day speculating on how all the momentum quants were going to get crushed by all the GME, AMC, etc. stuff because they could have rules to chase it up without accounting for the inevitable immediate crash.
Yes and sometimes if it uses a moving average or something as a screener it can get owned by the big moves as it lags the market and buys high and sells low.
@bentren

Offline DaBigTrain

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Re: New To Investing Thread
« Reply #3539 on: February 20, 2021, 09:42:39 AM »
The clearest principles that I follow are buy low and sell high. Works pretty well for me.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

https://blockstream.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

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New To Investing Thread
« Reply #3540 on: February 20, 2021, 10:27:17 AM »
Buy high, sell low, buy low is a nifty one for tax purposes. Only really works with index funds tho.

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Re: New To Investing Thread
« Reply #3541 on: February 23, 2021, 09:03:11 AM »
Buy the diiiiiiiiiiiiipppppppppppppppp
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

https://blockstream.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

Offline ben ji

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Re: New To Investing Thread
« Reply #3542 on: February 23, 2021, 10:37:37 AM »
Everything that is new is old..Loved the segment around 22 minutes in when they talked about people on the motley fool message board pumping up a iomega. It was like the exact same comments regarding GME.

PBS Frontline show about the stock market in 1997

https://www.youtube.com/watch?v=_1kn95761wg&ab_channel=MarindaGrisham
« Last Edit: February 23, 2021, 10:45:38 AM by ben ji »

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Re: New To Investing Thread
« Reply #3543 on: February 23, 2021, 03:11:48 PM »
did an irl lol


Offline DaBigTrain

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Re: New To Investing Thread
« Reply #3544 on: February 23, 2021, 03:13:51 PM »
:lol:
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

https://blockstream.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

Offline Kat Kid

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Re: New To Investing Thread
« Reply #3545 on: February 23, 2021, 03:31:16 PM »
omg
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Re: New To Investing Thread
« Reply #3546 on: February 23, 2021, 03:40:59 PM »
Everything that is new is old..Loved the segment around 22 minutes in when they talked about people on the motley fool message board pumping up a iomega. It was like the exact same comments regarding GME.

PBS Frontline show about the stock market in 1997

https://www.youtube.com/watch?v=_1kn95761wg&ab_channel=MarindaGrisham

lol. I worked for one of the tech dotcom-ish companies mentioned  :cyclist:

Offline sys

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Re: New To Investing Thread
« Reply #3547 on: February 23, 2021, 04:25:28 PM »
kick their asses, tbills.
"a lot of political rhetoric is picking a slice of "elites" and positioning yourselves against them."

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Re: New To Investing Thread
« Reply #3548 on: February 24, 2021, 02:33:32 PM »
GME is on the move!
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

https://blockstream.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

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Re: New To Investing Thread
« Reply #3549 on: February 24, 2021, 04:59:12 PM »
good grief.
"a lot of political rhetoric is picking a slice of "elites" and positioning yourselves against them."