Anybody have any experience with daytrading?

Mnj it could be worth the while, there have been over 700 views (most of which are the F5 of myself and Gnarly but still.) and it doesn't hurt talking some sense into them or just having a filter on this site that doesn't tolerate utter bs. Some lack the concept of structure, that is to learn and apply said knowledge and analyse. Others are bewildered by doubling their money in a week and think in a box totally disregarding risk. You just made 50%, someone lost 50%. It is a market of transactions. Do you have an edge? Answer it truthfully to yourself.

I couldn't find the thread on Gold. I think capaneo was religiously buying at 1300? And Daut bought bitcoins for 540/670 about 18th December time. It did spike to 935$, hope he closed. Long-term investors.

As always it is hard to understand what it is you are saying Gnarly. It is against the law for a fund / Warren Buffett, whatever entity to preach one thing and do the exact opposite. The chance of hitting a set with a pocket pair isn't 11.7% it is more like looking at the cute dealer from the reflection of Mike Matusows shades plus the suit of the last burnt card minus your shoe number. That sounds about pretty fucking accurate. Way to take shit out of context, i've never lost or won any money trading currencies. I have never entered a trade in any currency. It has been a concious decision not to touch that shit from day1.

or there could be another scenario that im seeing... im not saying he's shorting what he's preaching to buy, but more along the lines of him getting paid to say something that he already does. there's quick profit and quick growth, the two being distinct from each other.

Pretty sure Buffett's integrity is spotless. I doubt he makes any short-term trades inside his long-term view. He buys to keep for a very long time so i couldn't really agree in this case. And the numbers wouldn't add up for the reports. In other cases there might be truth to it, activist investors and such. If you're buying you want others to buy to make the price go up and eventually sell your position to them. Going against the big dogs is just a losing proposition in itself. They have more resources, more experience, more everything.

It is ok to get your trading idea from somewhere but you need to be very selective of the material you read. Doing all the security analysis by yourself, competing with the various analysts won't give you a big enough edge. The consensus of the analysts is not off often enough or by a big enough percentage to make all that intensive labor worth it. This said it is still very important to know the theory in order to understand what is being discussed. News sites want more clicks, people on forums are heavily biased in favor of their own idea, most all news come after the fact so predicting something is pretty difficult.

lemme guess, we should follow the people you get your "analysis" from and not just find it on our own? so much for being selective

also, quit trying to predict anything. in poker, you never predict what cards are coming out, do you? you never predict what another player is going to do, but you do have a good idea of what he already does and can gauge the probability of them doing x or y. you bet on whether or not it's profitable to bet, and fold when it's most profitable to fold. you don't bet because you're predicting they'll fold, you bet because you feel there's a good chance they'll fold, or you've got the higher equity, etc..

What did i just read?

im not sure, i have a hard time following your non-logic

last 6 posts extra rofl spiral into wuthood thx for sharing

You don't predict what they're doing in poker?

I've been doing it wrong.

you can predict what cards they may get, but you can't predict what cards they have. you can't predict how they'll act, because you're already informed during the hand. by being informed, predictions go out the window. you can't predict something you already know.

and besides, by playing a predictive style, you're playing results oriented. you simply bet if it's profitable for you, which usually means you've got an idea of the opponents range, you could have an idea of how they view your range, you already have an idea of their range of plays, etc.. you know, like when you're sure you've got at least 90% equity in a pot... do you think you're predicting anything there? No. you're betting on your odds.

Please tell me more about how I play and think aboutpoker o.o

well, if you think an eight's gonna fall, hitting your gutshot, on the river, then you're bad. if you KNOW the chances of the eight falling down, and bet on it, then you might be bad. if you think, "this guy's going to flip over 85s" and think that's a prediction, then you're guessing. if you say, "this guy's range consists of x and y, and considering the board, im narrowing his holding down to z" then you're being informed.

Somebody needs to look up the definition of predict

>to say that (something) will or might happen in the future

from http://www.merriam-webster.com/dictionary/predict

how can you say they will get aces in the future when you're in the hand and they already have their two cards?

when you have a 3-1 on something, you already know the chances of it happening. if you're HOPING for it to happen, then you're trying to predict a win or some shit, but if you simply bet correctly on it without caring whether or not you actually win, then you're not predicting anything. you're betting on good odds.

i can't even tell if im being trolled at this point anymore

to say that something might happen in the future.

herp derp

And you have a really, relaly narrow view of what one might be predicting

*rolls eyes*

Not to mention you're talking about predicting what somebody has, not what somebody does.

Do you really not understand the difference?

it's not predicting when it's familiar behavior. what someone does with what they have gives clues to what they have. things can be deduced.

It's still a prediction, by the very definition you posted.

anyway, I'm not continuing this argument. No sense in it, you're convinced you're right.

Enjoy it, victory is sweet :O

does the weatherman predict the weather?

was expecting a thread where some advice would be given, good or bad, and leave it up to people who read to decide for themselves. jesus christ LP get it together, just this one thread pls
LP on a long downswing even the blog section is shit lol