Journal of a Professional Irish Gambler

I am afraid I am going to be down thousands by the end of today. But still, I have bought 1500 shares in NTES a Chinese net stock. But if Sina's results from yesterday were bad then I am at risk of losing loads. It is the risk I have chosen to take today because I know the direction of the indices for the next two years and I have bought on a six week correction. Fingers crossed you crazy gambling bastard. This is NTES. Sina nose dives on news that their revenue will be cut in the future because of the Chinese government banning all text messages to mobile phones. But they had record forth quarter profit. Despite this they loss thirty per cent in the morning to recover being down only fifteen per cent at the end of the day. My shares in NITE dived too but recovered to where I bought them at. Tomorrow I will sell them if they do not get off to a hot start. I sold my NITE. Just in time because by the end of the day they were down five per cent.  I am gutted my favorite internati...

Here I am in La Manga Spain in June 2005. I bought $16000 of AMZN at 38 in February 2005 and sold them now in June 2005 at 35 at 10% loss which seems like a good move at the time but over next six months they went up 20%. And two years later had gone up 100%.  And 13 years later had gone up 5000% meaning my investment would have been become 840,000 or  63,000 a year profit Jesus now with all this cash, I don´t know whether to do nothing tomorrow on the stock market or go all in. I want to bet on NTES and CTSH but I am scared after seeing Amazon tank 20% last week after weak results. What if that happens to NTES or CTSH if I bet 40,000. I will be down at least eight thousand dollars or sixteen thousand if I use leverage. If I don´t bet, I will probably miss my last opportunity for a a big profit this quarter. Should I wait for another three months or gamble. If I am wrong I will wait a month and then get out like I should have done with EXM which shot through the roof when...

The pick up truck swerved to stop from running me into the tarmac of the hot afternoon. At this moment, I am not the usual happy go lucky Irishman that everyone knows me as. Instead, I am walking the streets of Guadalajara Mexico numb to the outside world, in a daze, just muttering to myself. All I can think is, that I am a truly worthless individual, that I am stupid, that I am a sucker, that I am a fool, that I am an eejit, that I am really just another gambling addict and I really don't care if I die right here and now. But let's go back a day! I get up and log on to my computer and my internet stock broker account. Financial news on the internet centres around a China/US trade agreement break through. One click to an internet news provider and the word on Wall St is that China Prosper, a Hong Kong construction company, is said to be one of the main beneficiaries of the breakthrough. Luckily, they say, it's shares are also listed on the reputable stock exchange in Ne...