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iceman5 the investor / trader

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Postby iceman5 » Sat Dec 22, 2007 1:50 pm

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Postby black_knight6 » Sat Dec 22, 2007 11:53 pm

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Postby iceman5 » Sun Dec 23, 2007 7:58 am

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Postby black_knight6 » Fri Jan 18, 2008 2:03 pm

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Postby iceman5 » Sat Jan 19, 2008 1:44 pm

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Postby Xaston » Tue Jan 22, 2008 11:41 am

Iceman,

Last year I put like $9000 or something into a SEP-IRA. Because I did it at the very last second I wasn't able to put it in the market so I put it in like a 9 month CD at the bank.

I'm pretty sure it's done maturing now. If I can keep up with the winning I started yesterday (PLZ!?) I will also be making another sizeable contribution this year in April.

Where would you put the money, if you were in my shoes? I don't read up on this stuff really much at all, but it seems the market is doing bad now? If so would it be wise to maybe put it in a CD again for another ~6-9 month period and see if the market appears to "bottom out" and then stick it in the market?
Boy, you got me confused with a man who repeats himself.
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Postby black_knight6 » Tue Jan 22, 2008 12:02 pm

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Postby k3nt » Tue Jan 22, 2008 12:23 pm

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Postby GodlikeRoy » Tue Jan 22, 2008 12:35 pm

Poker is silly.

It is not enough to be good at chess, you must also play well.

Somewhere in the world someone is training when you are not. When you race him, he will win.

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Postby iceman5 » Tue Jan 22, 2008 1:18 pm

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Postby GodlikeRoy » Tue Jan 22, 2008 1:50 pm

*Shrugs* I just pumped another $5k into it. ONE TIME DEALER.
Poker is silly.

It is not enough to be good at chess, you must also play well.

Somewhere in the world someone is training when you are not. When you race him, he will win.

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Postby GodlikeRoy » Tue Jan 22, 2008 3:10 pm

I've spent most of this morning reading up on what's going on and this investing in the stockmarket shit is really fun/interesting. It's a bit like poker, the more you read and know, the more you realise how little you actually know.

With the ASX dropping 7.3% yesterday (the largest in 25 years) it seems the drop of this particular stock was market related and people are in fear so they're just selling their shares at whatever price they can get. I still think PDN is a great stock to have and now it's even more undervalued so I put some more money in it expecting to see it rise back and continue to grow in the next 3-5 years.

It's probably also a good time to have some spare cash on hand to look to buy a few other undervalued stocks in the next few days. I guess the safe thing would be to sell now and put my money in a high yielding savings account or something but that's no fun.
Poker is silly.

It is not enough to be good at chess, you must also play well.

Somewhere in the world someone is training when you are not. When you race him, he will win.

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Postby Xaston » Tue Jan 22, 2008 3:17 pm

Boy, you got me confused with a man who repeats himself.
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Postby black_knight6 » Tue Jan 22, 2008 3:44 pm

I disagree because one of the biggest edges at the highest levels is the ability to adapt as the game adapts...so it's more than just 'execution'
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Postby Xaston » Tue Jan 22, 2008 3:46 pm

But isn't that execution?

I mean the knowledge is that when someone is 3-betting you a lot you adjust by doing A, B, or C and when blah blah blah you blah blah blah.

Those are things that any 5/10 regular knows but knowing exactly when, how hard you can exploit before they adjust and stuff like that I sorta feel like falls more under execution/focus.

Anyway, let's not sidetrack this thread.
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