I used to day trade, and I must say, it was quite a thrilling experience. I can’t believe I just used that word but anyway…. I would get into a stock around 10am and exit the same stock 30 seconds or less (much less) later. The debate (between a few friends and fellow bloggers) is whether or not day traders provide liquidity. I honestly think they do, and it’s so obvious that they do. You disagree? Ok! What if everybody, and I mean EVERYBODY – Retail, Institutional, etc – practiced Mr. Buffett’s buy and hold strategy? To save time we don’t have, it’s a rhetorical question. The answer is simple. The market would be illiquid, like Berkshire’s stock. The new strategy was (or still is by many) to get in at the bottom and profit handsomely from the high.

MBAs try to predict the market’s bottom and constantly get it wrong. Buy low sell high right? I hate long blog posts so to sum this up. Forget trying to find a stock’s bottom (giggidy), and don’t beat yourself up when you make a profit (you Capitalist YOU!) and watch as the stock you just sold goes up some more. Remember that saying – Bulls make money, bears make money, but GREEDY pigs.hogs get slaughtered.

P.S. – I manage SIMPLEROBB.COM INVESTMENTS which is a long term stock portfolio, but I’m never afraid to take a profit.

In case you haven’t been on any of our 35 websites as of late. First off! How dare you! And second, why not? Anyway, I just want to take this opportunity to introduce you guys to our community. SIMPLEROBB.COM wonderful internet community. Made up of talented, but sometimes crazy people. Join us or continue to be an outsider/lurker. The choice is totally up to you.

I went to the ATM at my local BoA bank today to make a deposit via ATM. F those long ass lines. I’m way too cool for that. Maybe after this incident, I’ll have to think twice about being “cool”. Anyway, I inserted the cash and the ATM just took (ROBBED!) my money and said “Thank you! Good bye.” I stood there for a few minutes waiting for my receipt and for the transaction to actually be completed, but that did not happen at all. To make a long story short, I stood by or next to (to block incomers) the ATM for 55 minutes on the phone waiting for customer service and when an “associate” finally came on, she said I’m going to have to wait 45 days for my money, and then she slammed the phone good bye!

You’re welcome BANK OF AMERICA. Welcome for what? My Effin tax money, that’s what. And you still robbed me.