What does this mean "buy in the market"

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<p>This is user bearcats explaining his stock buying strategy:
<a href="http://talk.collegeconfidential.com/university-michigan-ann-arbor/498195-off-topic-i-made-400k-2.html#post1063934469%5B/url%5D"&gt;http://talk.collegeconfidential.com/university-michigan-ann-arbor/498195-off-topic-i-made-400k-2.html#post1063934469&lt;/a&gt;&lt;/p>

<p>you lose daily depreciation. I never look to hold options more than 2 days. I buy it right before earnings day, and sell it right after. <em>You have to follow the rules you set for yourself, no matter how painful it is or what your emotion tells you to do.</em> You lose 20%, and you feel like you might be able to make it back holding onto them. nope, you sell it. You make 100% but you feel like if you hold onto it you might make more, doesnt matter, you still sell it.
that's how you prevent total loss.
this is not long term investment, as you said, if you hold for like a month, you might be holding worthless toilet paper, you are just hoping for a bang on earnings announcement, then sell it right after. nothing happens, you lose daily depreciation, which sometimes can go up to 20% of your original purchase price. something happen, you take the money and run as fast as possible</p>

<p>btw I dont buy in the market.</p>

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<p>I’ve never heard that phrase before… maybe he meant “in the money”?</p>

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<p>Seriously? That sounds like complete ******** with simply unjustifiable risk. Most professionals can’t beat the market in the medium-long term, much less speculating high school/college students. Seriously, calm the **** down, start with the basics like Ben Graham and Warren Buffet, work at a professional trading/investing firm, and then talk.</p>