Right,
There is a long story about, my parents and the stock market... One of which is a video game that my old man thought he won.... I have to continually remind him that it was ME who won that game.... and before you think it's some kind of genius... it wasn't, I CHEATED, they had a poor game model, With a Fatal Flaw which was the downfall of the game.
So, Since I've been trading agressivly(Since I took a bath, in buy and hold in August). My old man decided it would be a good idea to get involved in the market again. I constantly tell him what to do, he never listens... When ever the market is nasty and buyable, he won't buy... he waits a few days.. buys.. it goes up a little... I tell him to sell. The market turns suddenly he is losing money.
Then... he digs his heels in and refuses to take his loss. I have for 6 months tried to get him out of the red... I had him break even 3 days ago(All with the handycap, of him refusing to buy any... Healthy dipps)... told him to sell... He refused... now he is down AGAIN.
I kid you not, the only way to do it is to Literaly show up at his house, and scream at him for 3 hours.
I sit here, short the market... kind of hoping I take a loss on my trade, so he can get out.....
but as most of us know... he never will. Because it's always "GOING TO THE MOON".
My mother freaked me out some time ago, when she decided to start giving me money so I can invest it for her.... Which is tough... and it's pennies.... She was like, you can have half of what I make......
I'm just like, Are you kidding me... Take half the profits from my mom... the haircut I take out of her profits, is worth more as a return on the ... Great mother I've had all my life....
but it will add to the stress.... but it's pennies. She is like... I'll give you $200 every month to invest......
I'll have to work out a spread sheet.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, February 7, 2008
Mom and Dad
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