Skip to main content

Introduction

What is a TRUM? Where does it come from? Is this a financial word?

My interests are technology, sports and stocks, not necessarily in that order. In recent years, my sports interest has gotten me into fantasy sports. I've played in leagues for baseball, basketball, football, NCAA basketball tourney. Fantasy sports allows you the chance to behave and experience the life of being a Real General Manager. My love of numbers and statistics made playing these games fun on 2 accounts. Bringing a greater understanding of the game and the team contributions, it also lets you play with statistics to maximize your team strengths and understand its weaknesses.

While playing fantasy sports, I came to reading many sports sites, blogs, etc. Anything to get an advantage and win. Well, what I found was a site called talentedmrroto.com. Matthew Berry is the creater and writer on the site. In the last year, he sold his site to ESPN and now, many folks can read him and watch him on ESPN.

Life comes in phases. I can remember living in sports TV and recording player stats more than 25 years ago. After getting married, my time for sports declined and my responsibilities rose. My interest had shifted to stocks in the mid-90s. Of course, with the Great Decline from mid-2000 in the markets, my interest in stocks waned and the last 3 years, my interest in fantasy sports rose.

That's what gets me to TRUM. It's Berry's creation and stands for "Thoughts, Ramblings, Useless information and Musings". He writes about personal things and sports. He has other articles like Love/Hate, where he makes predictions for the week. There are many excellent fantasy sports writers.

I did well in fantasy sports and won championships in probably 70% of the leagues I played in. So, I thought about spending those hours a day/night on statistics and readings on stocks vs. on sports. If I could do it well, then it would help me make money.

Of course, in the game of stocks that bad pick in the draft could tank your financial life and savings, if it turns out like Countrywide Financial. Many books and articles will recommend that you paper trade. Would a real-life "Fantasy Stocks" game be fun and also teach the value of investing?

I think it might. Kids in school are learning more at an earlier age. One of those things is to stock trade as early as Junior High in the classroom. This is something I will also write about in another blog called Fantasy Stock.

SpecialK

Comments

Popular posts from this blog

52 week lows lead by tech sector

New 52-Week Lows : With the market down today, the new 52-week low list is long. It is led by tech stocks, notably Semis and Semi Equipment... Semis (AMCC, AMIS, ATHR, CNXT, INTC, KOPN, NETL, NVDA, RFMD, SGTL, TQNT, VTSS, ZRAN), Semi Equip (AMAT, BRKS, CYMI, LTXX, NVLS, UTEK), Airlines (AWA, CAL, FRNT, PNCL, SKYW), Online Commerce (DSCM, FLWS, ORBZ, REDE), Brokers (MER, PJC), Fuel Cells (BLDP, MCEL), Telecom (NOK, T, WFII), Storage/Networking (BRCD, CIEN, CORV, ELX, SCMR).

Planning for investments and trading

I'm reading a book titled "Come into my Trading Room" written by Dr. Alexander Elder. He talks about trading and investing psychologies and the critical nature to planning of mind, method and money. A takeaway for me was the thought of fear and greed and the awareness of these feelings in the market and yourself in your trading. This also coincides with the entry in the markets as entertainment. The excitement of the trade - getting carried away with the potential for gain and disappointment of losses. It is similar to the casino and the racetrack with so many bets to make.... The key to the money aspect is managing your trades to be diversified and not enter all-in or all-out situations. This is difficult unless you really focus on it. One of the things holding back my trading is following too many stocks and this paralyzes me from making a decision. I want to make the perfect trade and that's because I'm doing an all-in. I can't enter for fear of losi...

Exxon Buy - LT Jul28

Exxon Mobil (XOM) 59.50: If you ask Exxon Mobil where it thinks oil prices are going, it would say, "we have no idea ." What does this tell us? No one knows where oil prices are heading. Considering the tightness in the market and political uncertainties in Iraq, Iran, Venezuela, and Nigeria, most believe prices are likely to remain at elevated levels. The current contention in the futures market is that the downside risk for the near-term is the mid-50's level. One only needs to look at the economics of the oil markets to understand why prices have remained at these levels. By year end, demand is expected to be roughly 86 mln barrels per day, while supply is expected to be 83 mln barrels per day, barring any unforeseen event on either side of the equation. Getting back to those Exxon folks, the largest company by market cap reported its second quarter results before the bell. Expectations were high going into the report with analysts continually raising expectations....