View Single Post
TyFenn TyFenn is offline
Registered
 
TyFenn's Avatar
 
Join Date: Nov 2001
Location: Marina del Rey, CA
Posts: 508
No actual experience.

Big risk for a decent return (assuming x goes up considerably minus taxes and fees). Especially weighed against an option such as google. I'm sure I don't need to tell you about that stock. I applaud the move though. I just finished reading Education of Speculator by Victor Niederhoffer. From what I understand, based on the book (amongst others) is that to make big money in that market you need big money. Moving a smaller amount of money around multiple times will kill your return in taxes (plus more chances of making a wrong move) inspite of decent gains.

Also in the book, the author (who traded the yen) talked about the things that went through his mind while making these trades - sure sounded exciting.

Beepbeep, I bet your pretty pumped. Natural gas has had a fabulous run. Any other ideas?
__________________
We can share the women, we can share the wine - Jack Straw.

1970 911t w/3.0
1971 914 w/2.0
1987 300E
Old 01-07-2006, 01:30 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #10 (permalink)