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sometimes it pays to pay

http://www.washingtonpost.com/business/economy/mini-flash-crash-trading-anomalies-on-manic-monday-hit-small-investors/2015/08/26/6bdc57b0-4c22-11e5-bfb9-9736d04fc8e4_story.html

Mini flash crash? Trading anomalies on manic Monday hit small investors.

Millions of these Main Street investors were locked out during the crucial hour when the worst hit, just as markets opened Monday. Popular trading platforms run by TD Ameritrade, Scottrade and others ran slow or not at all as panic grabbed hold. It took just six minutes for the Dow Jones industrial average to suffer its biggest drop in history. And these investors could only watch.

?It makes me wonder if a guy like me has a fair chance or not,? said Israel Hernandez, a lawyer in Casa Grande, Ariz., who could not log onto his online broker.
 
True for ipo's as well, a lot of people "couldn't" log in.  By the time they do, a lot of the gains were missed
 
It is absolutely true. It is why I stick to the adage (with exception to some play money...which is more just for fun then anything else where I'll pick and choose a few stocks), that I believe you just Dollar Cost Average the S&P (and if you want some foreign exposure, pick a couple foreign indexes and do something similar).  Not many people are going to beat the S&P long term (after factoring in trading costs, etc). 

Note: I would not say this if you are looking to invest funds for shorter term purposes as then their are advantages to other strategies, which while limiting potential upside, also limit potential downside as the S&P can expose to you short-term volatility. 
 
morekaos said:
sometimes it pays to pay

http://www.washingtonpost.com/business/economy/mini-flash-crash-trading-anomalies-on-manic-monday-hit-small-investors/2015/08/26/6bdc57b0-4c22-11e5-bfb9-9736d04fc8e4_story.html

Mini flash crash? Trading anomalies on manic Monday hit small investors.

Millions of these Main Street investors were locked out during the crucial hour when the worst hit, just as markets opened Monday. Popular trading platforms run by TD Ameritrade, Scottrade and others ran slow or not at all as panic grabbed hold. It took just six minutes for the Dow Jones industrial average to suffer its biggest drop in history. And these investors could only watch.

?It makes me wonder if a guy like me has a fair chance or not,? said Israel Hernandez, a lawyer in Casa Grande, Ariz., who could not log onto his online broker.
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Individual investors don't stand a chance against institutional investors.  Michael Lewis wrote about just one advantage that institutional traders have.

"The stock market is rigged," Michael Lewis tells Fresh Air's Terry Gross. "It's rigged for the benefit for really a handful of insiders. It's rigged to ... maximize the take of Wall Street, of banks, the exchanges and the high-frequency traders at the expense of ordinary investors."

Lewis is the author of several books about the world of finance, including Liar's Poker and The Big Short. His new book Flash Boys is about the form of computerized transactions known as high-frequency trading, in which the fastest computers with the highest connection speeds get the information first, and make the trade before anyone else can. A millisecond ? even a nanosecond ? can make all the difference between how much money is made or lost on any transaction.
Click to expand...

http://www.npr.org/2014/04/01/297686724/on-a-rigged-wall-street-milliseconds-make-all-the-difference

Only thing you can do as a individual investor is hang on through the rough patches and have a long term outlook on stock investments.
 
Looks like we're having another cliff diving day.

Missed last Monday's DOW equavelant of "Black Friday" sale.  All the good stuff were gone in the first few minutes of store opening. 

We probably going to have more opportunities this month. :)



 
lnc said:
Looks like we're having another cliff diving day.

Missed last Monday's DOW equavelant of "Black Friday" sale.  All the good stuff were gone in the first few minutes of store opening. 

We probably going to have more opportunities this month. :)
Click to expand...

Not Black Friday sale - but end of season clearance.
 
eyephone said:
Anybody get a bargain deal today?
Click to expand...

Not me.  After getting a taste of last Monday's low, today's deal doesn't seem that good anymore.

For the long term, current price of many stocks sound pretty reasonable but I'm a little greedy and I've a hunch that DOW might fall another 500 to 1000 point sometime this month. 
 
Back at 16,000ish, I agree with inc that it will hit 15,500-15,700 but at this point why not put some chips on the table? I picked up some SSO today.
 
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