Does anyone play the stock market?

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Denise1952

Well-known Member
I am interested, although, it may be a cold day before I can ever try my "brain" at it. I've met two people in the last, few week that spend their morning hours online, playing the stock market.

Would enjoy talking about it, if anyone has input? Thoughts on it. I know it has to be gambling, although I think there is a certain amount of research that can help you at least "gamble" wisely??

Denise
 

Never 'gamble' on the stock market unless you can afford to lose the money.....don't forget the hidden costs, like commission, and know what you are doing!
to me; it is remarkably like going to a casino....
 
I never had any money to gamble with on the stock market, my sister did some day trading stuff many years ago, but I never heard her tell of any goldmines coming her way.
 

My 401K, aka my retirement fund went into a downfall just before I retired and before I could make adjustments, I watched most of my money disappear. They can take the stock market and shove it where the sun don't shine. Still very bitter. I lost a lot of money.
 
I am certainly in the MARKET but don't know if I would say I play it. Don't get involved in Playing the Market if you don't like loosing money or have a very low tolerance for risk. Gambling is gambling and their is no such thing as GAMBLING WISELY, plus, their are many many folks that are good at researching and studying the markets and still have lost their shirts. Let me ask you Abi. If you woke up tomorrow and found out that you have 15 to 20% less money than the day before, how would you feel?
 
Vivjen said:
Never 'gamble' on the stock market unless you can afford to lose the money.....don't forget the hidden costs, like commission, and know what you are doing!
to me; it is remarkably like going to a casino....
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Even if I can afford to gamble I don't, and it sounds by most of the replies, it really is just that, a gamble. I wouldn't try it, I've heard enough right here to turn me totally off to it.

SeaBreeze said:
I never had any money to gamble with on the stock market, my sister did some day trading stuff many years ago, but I never heard her tell of any goldmines coming her way.
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I know there is research a person can do, but not enough security in that, still a gamble;) I was curious how these guys were making a living at it. You don't always get the "whole" story. When I was a 21-dealer years ago, I remember learning that the dealer always wins in the long run, even with one deck as we had back then, the odds are still in the favor of the table. Like the lottery, it's so tempting to buy a ticket, gee, just a buck, but what are the odds, and where are those billions of dollars coming from that are paying off the winners. And how many winners compared to loses, same ole story, we have to work for what we get, well, most people do I think. I sure never inherited anything, but neither did my folks, or their folks. We've done ok:)

Pappy said:
My 401K, aka my retirement fund went into a downfall just before I retired and before I could make adjustments, I watched most of my money disappear. They can take the stock market and shove it where the sun don't shine. Still very bitter. I lost a lot of money.
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I remember some of that, my landlady, at the time, lost a lot:( It was sad, especially because of the hard, warehouse work she had done her whole life. I can't remember what they lost, but it hurt them pretty bad. I'm sorry that happened to you Pappy, seems like you are doin ok though, thank goodness;)
 
Lon said:
I am certainly in the MARKET but don't know if I would say I play it. Don't get involved in Playing the Market if you don't like loosing money or have a very low tolerance for risk. Gambling is gambling and their is no such thing as GAMBLING WISELY, plus, their are many many folks that are good at researching and studying the markets and still have lost their shirts. Let me ask you Abi. If you woke up tomorrow and found out that you have 15 to 20% less money than the day before, how would you feel?
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Like packing and moving to the shelter, LOL! I am poor now, just wanted to find out about people that do the stock market thing. I have thought about it, but no more, not after reading this thread;) I had a Biz finance class and we learned a bit about it, but the thing is, they take you through a class meant for 6 months, in half that time, hard to retain much, so I thought I'd as some folks. Thank you much Lon, appreciate your input, as well as everyone elses;) Denise (abi, lol;) )
 
Pappy, We know how you feel, we lost 2/3 of our retirement that way too. Michael worked 25 years for the city of Houston, and they really pushed their employees into the 401K savings. Then as we were about to start enjoying our thrifty efforts, BOOM!! We lost most of our savings, and the rest went to medical bills. :tapfoot::grrr:
 
My sister's husband had a long career with JCPenney, and his retirement with the company was a 401k. Don't know the exact amount, but they lost lots of their retirement savings when the company stock went kaput.
 
I own several stocks, but long term positions. When you say 'play', I suppose you mean trade as in a day trader. I'm not into that.

I retired in 2007, right before crash and the downturn in the economy. It was a very unsettling time for sure. But I stuck it out and bought stock in several companies that were beat up just because everything was going down. Over the last few years I have regained my losses and then some. Will the stock market crash again? Perhaps. All I can say is never invest more than you stand to lose.
 
I think in the stock market you have to think long term to come out ahead, my husband and I lost money back in 2008 like everybody else but we left it alone and it has now all come back and then some. The stock market is at an all time high, how long it will last is anyone's guess.

Anyone that has an IRA or 401k is invested in the stock market, my husband helped me back when I first setup my 401k at work many years ago and what little I have learned, he taught me, I feel safer with mutual funds, which are not as risky if you do some research...but individual stocks are more rewarding and fun to research and watch IF you have the stamina. There are some really good tools out there for research, but it does take time and effort to get into it.


I know when Facebook went public back a while ago, I bought into that and the very next day the bottom dropped out with it...I got scared and sold it right away...did not listen to DH's advice to not panic...anyway I lost money...should have stayed cool and left it as it has grown a lot.


Yes, it is gambling like everything else but the return is a heck of a lot better than CDs at the bank.
 
I agree, Jackie, long term only; and research; otherwise casino it is!
i never gamble; I watched my grandfather lose all his money on the horses...
 
Yes I try it but would not say playing it. So far I have not done so well because I am too cautious or not cautious enough.
If you look for stocks priced low with high dividends you will make some money even if the stock does not rise much.
. My mother in her 90's does much better and is very smart at it. Try not to panic or be rash.
 
I don't mess around on Wall Street but I DO trade cryptocurrencies, the most known one being Bitcoin.

There are hundreds of crypto-coins that can be traded, much like stocks on The Street. It is a bit like trading penny-stocks, except that here a single coin can cost less than $0.00001, and there are no limitations to trading so virtually anyone can participate.

Since I started trading cryptos a few months ago I've made out pretty good, making a thousand dollars or so total on all my trades. But just like the stock market it can all disappear rather quickly - I watched one of my "coins" get "pumped and dumped", unfortunately I was away from my computer for an hour or so (watching The Honeymooners LOL) and in just that much time the coin's value fell 90% from a rather nasty dump.

You can research these coins as well, their origins, uses and general background on the creators, to get a feel for how the coin will perform. It takes time and the learning curve is steep if you aren't comfortable with computer stuff, but in my case it dovetailed quite nicely with the coins I get paid for writing so it worked out well for me.
 
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