considering he was the guy selling to the fool...he should know a lil' some some..... I mean talk about top ticking a $5 billion broadcast.com sale.....
Having read this, and being in the market myself, I respectfully disagree with just about this whole premise. But it's nice to see his insight. Good luck Mark.
He just ain't got a good enough mousetrap, tiz all. If you got a good mousetrap, you will get mice. If you developed a good, objective trading mousetrap, you can pull out a salary using only 5k on the ES. Again, it all comes down to knowing what you are doing. You need edge, plan, discipline.
Cuban loudly proclaimed he was shorting tech right at one of the major market lows in the 2001-02 bear. I remember vividly because I was buying at the time when his mug popped up on CNBC and he said "I'm short a truckload". That was one of my biggest ever winners, the market rallied 20% in a couple of weeks. Just another loudmouth talking head - I thank him for the liquidity though.
There was a good long thread on this topic a few months ago. I guess a lot of people give up after realizing it is pointless to argue against conventional "wisdom". I'm not saying you can't make money as a smart stock speculator. Just consider though, if it wasn't ultimately a scam on the average investor then why does every stock eventually go bankrupt - despite the fact that we have a constantly inflating currency? If you don't know who the sucker is, then it may be you.
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