Comments on: How To Make Money In The Stock Market (And Other Markets)

By: youngandthrifty

youngandthrifty — Mon, 22 Mar 2010 05:41:15 +0000

LOL that is one hilariously entertaining and true post! Very insightful indeed.

Wow Undertrader- you’ve turned the 4 hour workweek into a 10 minute workweek. I am jealous!

I think luck may be a big part too- and managing your risk. Like Peter Lynch says, the idea of a professional trader is an oxymoron.
youngandthrifty´s last blog ..Weekend Ramblings and Yakezie Link Love

By: SM-frugality-and-saving-money | NoelInfoServices.com

SM-frugality-and-saving-money | NoelInfoServices.com — Fri, 19 Mar 2010 02:02:53 +0000

[...] How To Make Money In The Stock Market | Weakonomi¢s [...]

By: Undertrader

Undertrader — Thu, 18 Mar 2010 17:41:29 +0000

Well, I may be very lucky, but I’ve made my living trading stocks for the past 10 years.

1) I dropped out of college.
2) I trade only once per week, if that.
3) I spend maybe 10 minutes a week trading stocks.
4) I never, ever buy mutual funds because they are a rip off and perform well below the market.

By: Pop

Pop — Thu, 18 Mar 2010 15:46:45 +0000

Ooh, I saw this leading to a different punchline:

Step 6: Take huge risks with clients’ money. Get paid based on transaction fees and/or size of assets traded. Alternate: Take 20%+ of profits.

Step 7: If successful, congratulations! If not, get fired and go back to step 5. Repeat until successful.