Day Trading: Facts, Fiction and Discussion
- KirkL
- Whirlwind
- TONYBRIG
- KirkL
- TONYBRIG
- TONYBRIG
- TONYBRIG
- RandeS
- TONYBRIG
- KirkL
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» KirkL - Coin-a-quote.com
just made this upThe search for "something for nothing" usually leaves one with "nothing".
That axiom seems as old as time.
I still believe we need a Constitutional Ammendment that reads "No Law shaw be enacted that guarantees a fool and their money won't seperate."
This recognises that there are fools in the World and all the laws you can make won't stop them all. Of course, I am all in favor of proper disclosure of risk/reward. I just wonder why I can go to Vegas with a bag of cash and can lose it all without having to read a single warning page? Gambling establishments must have good lawyers and contribute to politicians!
-- posted by KirkL
» Whirlwind - Day Traitors...
Interesting to note that both CBS and CNN ran tirades yesterday about the evils of daytrading. It is also interesting to note this commentary from Fiend's Superbear Market Report:"Most striking on the chart and the strongest evidence that all is not well on
Wall Street is the unprecedented divergence seen between the Dow and the NYSE
advance/decline line from October of last year. The Dow rose well over 3,500
points while the a/d line continued to trend lower."
Question: Are the mass media now setting up a scapegoat for the coming sharp pullback in equities?
-- posted by Whirlwind
» TONYBRIG - Crooked or Naive
Some Marks are just Naive not crooked.Specially Non-City Folks
But you are correct Rande in some instances.
Hard to know what percentage are just naive.
Hard to know really what percentage actually
lose.
Pretty hard to comprehend that one believes
tho in easy money without learning the game.
In Las Vegas at least no one is really promising
that you'll get rich.
Sharp decline in the Market I doubt it. Get the
feds out of the picture and its a different
ball-game.
vbolhh
-- posted by TONYBRIG
» KirkL - More Free Stuff.
More Free Stuff. It would be interesting Tony to subscribe and track some of the recommendations they give. Care to volunteer?WinningDayTraders - Provides Real Time, Daytrader Stock Recommendations, Day Trader Training via Chat, Market Analysis, News Alerts, Etc... for daytrading and swing trading in our Trading Auditorium.
You think this is the sort of claims the SEC is a bit concerned about?
Check out the table that has at the bottom the words:
Yearly Projection 3704.00%
Incredible results! For anyone?
-- posted by KirkL
» TONYBRIG - Not my style
I dont hold any subscription to anything I haveto pay for. Dont need/want any crutches specially
when I have time rite now.
Perhaps later on when Im busy with my other hats
and I can put it on semi-automatic Ill grab yours.
But his one seems interesting and I will look in
on it.
Some Day Traders do WIN!
But not rite off the Bannana Boat.
It is a highly sophisticated technique and to
be successful:
You must either study under a real winner who actually knows and excels at the game.
Get a good base first in Stock Analysis etc.
Recommendation 2 yrs or more. Then dry runs
for a year. Then small actual trading for 1
more yr. Then if you have the head for it and
feel and are confident.......start trading part-time.
One needs to be able to win on the short side also
and not just in a Bull Market.
One needs to know bout odds also to be leveraged
properly.
Perhaps Day Trading Options would interest me
later on.
Wonder why more people are'nt interested in education more on OPTIONS?
Even a SAVVY INVESTOR namely KIRK has very little
feel for this area!
Why?
vbolhh
-- posted by TONYBRIG
» TONYBRIG - Stats can be trumped up!
Just as in Horse Racing Touts who brag of stellarresults so it can be true with Investment Touts.
On paper it works but is not practical in the
real world.
Who can/would step in after losing say 50k and bet another 50k. Its just the time when you dont
bet that it comes in.
But even with a lousy selection system and this
goes for the Stock Market a very sharp oddsman
can make the system work for him/her.
Maybe tho just on a small level.
It is the small bettor who can afford to back
longshots. No pressure to put $2 on a 50/1 shot
but try doing it with 2k. Suicide time?
Thats why they call big show bettors Bridge Jumpers!
vbolhh
-- posted by TONYBRIG
» TONYBRIG - Winningdaytraders.Com
Thanks Kirk I got the free subscription good until 8/18 and logged on. It took me to a ChatRoom. I asked bout Intc options and they dont
follow them but said it looked like it was
going to take out new hights today.
http://daytrader.chatspace.com
vbolhh
-- posted by TONYBRIG
» RandeS - Tony,
Tony,Actually, the casinos do subtly "promise" good times and success. There's a billboard for a local poker casino in SF that shows a Chinese woman smiling with her hands up to her face in astonished joy while a huge pile of chips sits in front of her. Then there's all the billboards on the way up to Tahoe promising great slot machine payouts -- "Our Slots Have a 90% Payout?" Of course, the rubes never stop to think that means they get back 90 cents on the dollar until they're slowly gound down. And that's on the "hot" machines!
-- posted by RandeS
» TONYBRIG - Seldom use casinos
Odds too high for me.Heard tho some people clock the ONE ARM BANDITS
and can approximate when its gonna pay off.
But ill stick to the horses and the Market.
I show a profit on Horses but still havent figured
out how to have the odds in my favor.
Working on a computer system which picks them
and trying to perfect it.
Only problem is hard to bet all the tracks.
Some I cant bet with and unfortunately these
are the ones that perform the best.
More on that later.
vbolhh
-- posted by TONYBRIG
» KirkL - Day Trading from A Day Trader
Day Trading from A Day TraderTony might be right in that a high percentage of Day Traders win. 95% wash out, but 5% make it and are added to many doing it from home, etc. Interesting point.
This article is very well written and explains it all pretty well..
http://www.techstocks.com/~wsapi/investo...
The writer makes an interesting comment. There is a high "washout rate" just like Pro Football or getting to be an MD (Doctor), but those that make it do well and often enjoy it.
He writes 95% wash-out learning, but the remaining do well and trade higher volumes so perhaps 50% of the trades are profitable. (to me, this sounds like sucking on the blood of the newbies, but what do i know?)
More on Day Traders
Here for trendTrader and
Winning Day Traders
I also have some Day Trading books on my Reading list that are worth reading.
-- posted by KirkL
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