to all,
i've just concluded a great experiment. i didn't diversify but, rather invested most of my money in stocks that i felt would outperform the market.
the result? the market is up 15% and i'm down 50% (mostly due to being defrauded). i've spent an average of about 20 hours per week digging and searching for information for that "edge" to beat the market. i was up 100%. now i'm down 50%. i missed a $40k gain by $200 and selling the small portion i had a week early. i had my account wiped out - only to return a week later.
i missed a $15 k gain by selling 3 days early. most recently, i missed a $8k gain by selling 2 days early.
the result of my experiment has been that i've wasted a large portion of my life for the "privilege" of helping a crook get rich.
this experiment was a failure. unfortunately, i found this out after being down $20k (so much for my house down payment).
the market is like sybil - multiple personalities. doesn't know good news from bad. thinks non events are crisises and crisises are positive events. trouble is, there is no consistency. same thing can happen on two different days and you get two completely different results.
this world is in restrained chaos. the market is chaos. therfore, my days of "gambling" are over because i'd do as well at vegas as i do figuring out investors' psychological disposition. and it takes less time.
i'm diversifying. never again will i own more than a few hundred shares of nfli. or any company.
if nfli trends up, hey, i'm glad i supported them when they were down. if they drop low enough, i may buy a few hundred shares.
all that arrogance about thanking greg and mike for mking me rich has come to naught. after hanging on for dear life for nine months, the bucking bronco known as nfli finally threw me off... no longer will i ever own 6,000 or more shares of nfli as i once did.
the experiment was wildly exciting and, at other times, depressing and frustrating. the competition aspect was a lot of fun.
time to move on, though. good luck and i hope this stock someday does well. it has performed terribly since i've been involved and i'm fortunate that i haven't lost much more.
it is a terrible thing to see a dream (beating the market) fall apart so terribly. but it is mature to admit defeat, change strategies and move on.
as much as i don't want to admit it, i have learned some things that will make me a better person. i'm just sorry i had to wipe out my house down payment do learn them.
life is time and i've just secured about 20 hours per week to spend on more positive endeavors than finding new and creative ways to lose money by trying to out guess an irrational mob mentality in the market. i can't do it...
see you in january. |
