HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
I suppose it depends what your definition of fun is.
Like you, I think it is fun to have cash coming into my port. Also (and ironically, when you know which fund I manage) I like this to happen with as little work as possible. Trading on daily swings like the bounce is too much work for me - I'd have to make a list of the bonds I am speculating on, and then remember to flip them when the time is right. It's a mechanical, time-consuming process that I don't get much enjoyment out of, and it carries risks of getting burned if you are not trading at the right time.
It is true that maintaining a spreadsheet (like I do) is also a mechanical time consuming process, and if you don't like spreadsheets you shouldn't do it. (i do three updates a week taking about an hour in total) But I find it gives me advantages that keep me ahead of other traders. If there's a release date change, or a movie has a bigger (or smaller) opening weekend than expected, I can update the spreadsheet in real time and see immediately which star ones are worth flipping. Changing a price or a release date and pressing f9 to recalculate takes 10 seconds.
I think to maximize your gains you have to trade in the short term but also keep one eye on the medium term, and dROI is the most useful tool for that second part. dROI is a clear indicator of how other traders are going to play the stock. Bonds with a high dROI are likely to be more volatile as traders invest and then profit-take. More volatility = better to day trade. Knowing whether these stocks are on an upward or downward trend over the medium term is helpful to day traders in picking the peaks and troughs. Bonds with a low dROI are likely to see their price decline over time, as traders will not be interested in investing. that's why dROI is important, even if you're only doing short term trades.
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I found an interesting example of why context is needed wth respect to the Post Adjust Bond Show, with respect to dROI.... Apr 26, 12:46
bond1=best Apr 26, 12:48
perfect example of the flaw with droi Apr 26, 15:21
This was not meant as a criticism of your hard work. Only to point out context necessary to make good use of it. Apr 26, 20:15
um... (don't know what to put here ~ again) Apr 26, 21:48
Um..How can we search for Fembot's thoughts on trading? {nm} Apr 27, 14:53
um... Apr 26, 20:50
I suppose it depends what your definition of fun is. Apr 26, 23:07
"If It Makes You Happy.... Apr 27, 09:04
half of my message is missing :( {nm} Apr 27, 09:05
Hmmm... if you don't day-trade and you don't use dROI, what Starbond tool do you use? Apr 27, 10:09
he says they're attached to the same movie, so surely they adjust over the same period {nm} Apr 27, 00:35
um... Apr 27, 08:20
to wit: Apr 28, 19:08
No {nm} Apr 29, 09:47
Yes, for the purposes of comparing the three examples it is. {nm} Apr 30, 17:34
no it isn't... Apr 30, 20:18
Answers...(no fair peeking until you have an answer written down) Apr 26, 12:52
Fantastic debate between some of the heavy hitters! Apr 26, 23:07
Implying that I actually use a mix of both investment strategies and it works great. Thanks to both of you. {nm} Apr 27, 11:10
Heh - I thought I knew what you meant until I read your IM. {nm} Apr 27, 13:28
I am not sure what you mean because your terminology is off....BUT Apr 27, 20:33
I'm assuming dROI is daily Return On Investment (this very well could be wrong, I haven't checked). My explanation is inside Apr 28, 09:13
This excludes any bounce phenomena {nm} Apr 28, 09:31
(Oh actually, it's not the Bounce - but I think my IM still has it) {nm} Apr 28, 09:41
