Thrawn
MuscleHead
- Jun 12, 2023
- 913
- 478
For those of you who manage you own accounts, broadly what strategies do you use to pick equity and why did you not use an investment advisor/firm? I tend to lean towards technical analysis first, when I narrow it down I do fundamental analysis, followed by investor/customer/employee sentiment. I always check a WARN list, WARN Act requires companies with 100 or more employees to notify affected workers 60 days prior to closures and layoffs. Now there are ways around this law. I have been tempted to play stupid games and let chatgpt to make some picks(not sure it will but I'm sure one of the open AIs will. I suppose I could have it pick and then track it with no skin in game but that seems boring.
@Wilson6 any input I have a suspicion you are well versed based off prior comments.
I think the average person over the long term will loose more than win. If you trade or want to I strongly recommend being intimately familiar with margin and options. I believe most people would be better off with an investment advisor. I lost 60k playing stupid games. Then I learned how to do margin, options, ETFs, futures, non traditional investments it was like welcome to the secret club, don't tell anyone because for you to make money someone else needs to loose money(not entirely true but true enough for traditional equity)
@Wilson6 any input I have a suspicion you are well versed based off prior comments.
I think the average person over the long term will loose more than win. If you trade or want to I strongly recommend being intimately familiar with margin and options. I believe most people would be better off with an investment advisor. I lost 60k playing stupid games. Then I learned how to do margin, options, ETFs, futures, non traditional investments it was like welcome to the secret club, don't tell anyone because for you to make money someone else needs to loose money(not entirely true but true enough for traditional equity)