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Comment by KGIII | Hacker News Reader

I actually gambled on this one. I'd noticed the hype and read around this morning.

I didn't go in that big, but we will see. I bought 700 shares at $29.12, sometime around noon. I was a bit busy so didn't pay much attention to this thread, but they closed at a bit over $32.00.

I haven't yet set a mark to sell them. I do have it set to notify me I'd they go below 29.00 and will sell them all if they go below $24.00. Ideally, I'll keep the shares for a full year, at minimum.

I figured 20k isn't too much to risk, though I technically risk less than that because I will sell if they go below $24.

So, we shall see... We shall see... It is one of the rare times when I am betting against the folks on the tech forums. The commentary seems to be largely negative, concerning the software itself - I've never personally used it. I'm betting that the hype train will continue, regardless of it not being perfect in every way.

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This comment is a nice illustration of the Keynesian beauty contest: https://en.m.wikipedia.org/wiki/Keynesian_beauty_contest

That is a neat article, thanks! I'd never seen it before but it's fairly close to what I've been doing.

I do another one and someone told me there's a technical name for it. I forget the name.

When I go shopping, I'll discretely look in shopping carts. I'll make a mental note and check to see how well the shelves are stocked in comparison to other products. If I see a lot of the same company in carts, to the point where the store hasn't matched stocking well, then I'll look further into the parent company.

So far, it has done well. I'd never played in the market before and my 401k was always managed. So, this is pretty new for me. I've been at it since maybe 2011.

In what world is 20k on one stock not "too much risk"?

I am financially secure. At most, I risk about $3500 because I'll sell if they go below $24 each.

I did the same thing with Tesla, though they were $24 at the time.

I've written about this before, here in HN comments. I often make stock choices based on the commentary at sites like Slashdot and HN. No, I don't listen to people saying to sell or buy, I listen to the hype and commentary about the companies themselves. As another example I did well with Yahoo!

To be clear, this isn't serious money. I have someone who professionally manages my finances. This is more an experiment and is meant to to play around.

I know, that probably sounds a bit terrible. But, it's not money I am worried about losing and I'm actually doing pretty good at speculating. I make greater returns than the person who does it for me - which is to be expected. I take a bunch of risks, don't do traditional research, and don't even check the daily prices.

This assumes you catch it before it falls below $24, which you'll have to by hand since you said you don't have an automatic stop loss, just a notification.

Yeah, I'll get the notice and decide at that point. My current thoughts are $24 is the limit. I think I'll adjust the notification to $25 and maybe automate selling at $24.

That way, I can change my mind if, for some reason, I think it will rally.

stock traders can easily go into the $XX,000 for a single stock. just don't let those shares fall to zero before selling them and you're only really risking $X,000.

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