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TopicHow much United Airlines stock should I currently buy?
meingott
04/12/17 3:32:48 PM
#39:


The Admiral posted...
meingott posted...
The Admiral posted...
meingott posted...
4% one time, before any taxes, given plenty of risk to lose your money because of day trading, is barely anything.


Barely anything... except the same return you'd get if you invested for a week in a security that yielded a 670% annual return.


or the same return you'd get if you invested for a week in a casino and got insanely lucky! same thing. dont pretend otherwise.


So your argument now is a return that you described as "barely anything" is the same as the return from being "insanely lucky" at a casino?

Probably time to cut your losses on this one.


No, my argument is that it's gambling and that the 4% return is not worth the risk. The only way it's "worth" the risk is if you extrapolate out the ass based on an assumption that is completely impossible. You can't find a security giving you a 600% return, so that entire extrapolation is silly. It doesn't matter if "herp DERP it's like having invested for just a week in a security that gives you over 600% annually!11111"

That 4% is a decent return now that we know that the 4% was possible for that small window of time. But in the moment, these things are always a gamble. That's why day trading is ill advised for the vast majority of people, including the TC. 4% before tax is not worth that kind of volatility and risk. It's nowhere near a big enough return.
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