Stocks Scam "ask me how!"

Please no links on "ask me how" type questions. No recos to buy x stock from me, I am still at the start of a loooong journey. I do not know where you will be trading but fuckall Options, Futures, Forex, Binary bs. I will not teach fundamental analysis apart from the super simple basics, technical analysis is historical and is a lagging thing. Super systems are all bullshit, if I get carried away from being oversimplifying and thinking I'm super smart about this please call me out I will not be offended and probably have a good laugh anyway. I have not made millions and actually lost more if you do a Math based computation on how I did if ever there was one. Honestly this is a selfish attempt at being so happy someone will thank me here lol. Love all you guys even the assholes who gave me a hard time in poker. I like to write and love to brag, so that's a caveat for you. It also might reinforce discipline in myself so as to not get carried away and be overly arrogant in my trading decisions so it might help me more than you guys

When I first started all I saw was book after book after book on how to get rich in trading. All and I mean all had good points i learned from. I stop reading when I arrive at another fucking "system" only to realize in trading nothing ever happens in a vaccuum unlike in poker.

Trading is 40% CAPITAL 40% psychology 5% discipline 5% patience 2% technical 3% fundamental 5% luck. We're not aiming to be the next whomever. Our lives are our own and you should trade/invest accordingly. This thread is not options and please no other forms here, it's really confusing and frustrating to read. HHSE might be on to something with options I honestly dunno, it might a better way just post ask questions there instead.

Cariadon please chime in with what you know with finance, as I'm sure you know and have realized a lot about it too. Anyone else have great knowledge in charting is gladly welcome. Let's learn together. Any questions i will answer honestly, if I'm not familiar with an area of expertise then better if you buy a book on it.

We are not trying to beat the market. Only the people who think they can, and that includes ourselves, the ones who buy/hold, scared money, etc etc. Price action is really king, but only to a certain degree. Fundamentals keep people in the stock, Sentiments are driven by the news - charts are watched by big money players. They decide where the stock goes, but there are some rare cases where the vox populi trumps everything when the jig is up and the opportunistic shorters die. It is really a war being fought on a daily basis, so much leveling going on. Research and being constantly informed is key, but being the first to digest it is of primary importance - that is where you create wealth.

Example of how different this is from poker:

*Hit your set vs a whale 500bbs deep fd flop you get it in always because fish put u allin
*Buy x stock thinking there will be a big move, price moves rapidly mistakenly put all ur money in there

*Fish hits flush u die go to LP and cry or take it like a man and lose a couple brain cells, or kill clog some arteries
*Price suddenly goes against you rapidly, you go with ur plan to cut loss, easier to rebuy if ever u want to bottom fish, or simply ride a favorable trend
there is a fold button always available.

Lessen entitlements on paper gains. But mostly watch out for big losses. Let winners ride, remove capital or double down so many ways to go about it.

I may write a longer response at another time, but I will start asking what is it that you advocate here really?

Is it daytrading or rather making good investments for the longterm at right moments? They are very different. I'm sceptical to believing daytrading would be easy money in any way. Smart investing on the other hand, sure!

What returns are you trying to achieve? I think its very easy to be dillusional about your returns before experienced your first market crash. You seem to have gotten involved with this fairly recent, thus you have only experienced an golden era were you make money whatever stock you happen to pick. There will come periods that stretches up to 2-3 years thats goes the other way..

On September 25 2015 03:13 Balzamon wrote: I may write a longer response at another time, but I will start asking what is it that you advocate here really? Is it daytrading or rather making good investments for the longterm at right moments? They are very different. I'm sceptical to believing daytrading would be easy money in any way. Smart investing on the other hand, sure! What returns are you trying to achieve? I think its very easy to be dillusional about your returns before experienced your first market crash. You seem to have gotten involved with this fairly recent, thus you have only experienced an golden era were you make money whatever stock you happen to pick. There will come periods that stretches up to 2-3 years thats goes the other way..

I am aware that can happen, but I can't think like that and trade efficiently. Of course bad things happen everyday. I am trying to advocate that people dont dismiss trading stocks as an old dated livelihood where everyones solid. I will not limit myself to buy/hold, daytrading or position trading. Obviously when markets crash mostly you will watch it closely and stay out of it completely, look for signs of bottoms and making small buys until an reversal occurs since there will be so many attempts at it. People want to be one dimensional and limit themselves to one style which is really the reason to grow tired of it. Being clever is more important than being a genius here. BTW I appreciate that you bothered asking questions since I know I look insane posting thoughts by myself haha

The more you spar the better a fighter you become. MMA is a multidimensional sport where one has to be prepared for Chaos. Of course being the best striker is advantageous over wrestling and BJJ, but you gotta be humble enough to learn the other stuff as well and be humiliated in the process. Those who chose to stay the best in one thing cannot rely on it forever. It's the same way with Trading Psychology. Nothing is ever safe, prepare yourself for anything but always have a logical gameplan. Nothing is a "wrong approach" because nothing is ever "right" either. You're here to make money, not be 'correct". Sustainability is a joke, markets are rarely efficient if ever. Risk management is important though but forget about being EV

so tell us why dont you believe in EMH?

whats that? lols

Oh read a wiki on it. Yeah it's rarely efficient. Companies lie all the time with their disclosures, people get bad information, companies do scummy corporate layering to hide profits, accounting bs with using depreciation costs for huge long term debt payments etc etc. I personally know mining companies are the worst at this, nobody can go check how they're doing, especially if they do business in corrupt places like Africa or wherever.

Example:
Shitty company with nothing going for it, obviously all the best and the brightest minds go and analyze it and stay away.
Price one day suddenly makes a strong push, closes strong. Nothing. Next day prices moves again and closes strong yet again. You got eyeballs now, rationalizing why there could be "something", some punters will bet small and try to ride, now you got the public interested. 3rd day it's met with resitance, still going strong, different brokerages will always look for historical data that agrees with the trend. Now you have a trend going. Nobody knows and nothing is certain, without a story a stock is dead, but with enough money greed sets in people want a piece. It's just human nature behind a lot of fancy graphs and numbers.

People just make a choice between what kind of person they are "trader, investor" "chartist, fundamentalist", there is no correct way. Timing is useless, you just follow where the money is and just be quicker than the next guy. Don't get me wrong, people who are good at charting or fundamentals make money, just like daytraders too. Trick is to find what suits you, it's harder than you think but a closed mind will get you nowhere. Markets are half full, half empty always,, people on tv who want the stock will view in a different lens than a guy who finds fault in it and I see it EVERY fucking time. Those who dont have it will tell u to take care, those who do have it want you to stay and get greedy.

Getting married to a better "technique" is bad. You have to see the bigger picture always. This is what I've always love about Brood War, every tool is there, there are builds and counters, execution is important and so is constant skirmishes daily. You think on your feet always and if youre being honest with yourself, type GG when you see the end.

In charting big money or trading groups can make penants, 3 green candles, volume from different brokers. Taking yourself out of the entire picture and focusing only on the charts is great, but I'd imagine you lose more long run to big shakeouts and potentially huge runs.

Here's on fallacy:
Fund managers and gurus will always tell you to balance portfolio or do some cost averaging thing like its the best thing in the world, its a good way to be financially fit. In bull markets even make a lot of money, but I do know they run up commissions and trades knowing they are bad ones, they have quotas for that. I've seen the most retarded trades from the most respectable houses like UBS, JPM and Cuisse. They will always give a half full analysis to keep you in the fund, they need the commisssion. Gurus and trading groups however live off on subscription fees, so a lot of bragging about ports is common there.

Only two things I really wish for now:

Someone finally get an "aha" moment in their head
I get a thank you if they "get it" and start reading.


What I wish for eventually:
Someone do well. I dont need any thanks when that time comes. I only want good karma.

On September 25 2015 04:51 whamm! wrote: Oh read a wiki on it. Yeah it's rarely efficient. Companies lie all the time with their disclosures, people get bad information, companies do scummy corporate layering to hide profits, accounting bs with using depreciation costs for huge long term debt payments etc etc. I personally know mining companies are the worst at this, nobody can go check how they're doing, especially if they do business in corrupt places like Africa or wherever.

i m pretty sure you have no idea what you are talking about

On September 25 2015 04:38 dogmeat wrote: so tell us why dont you believe in EMH?

EMH is an "absolute" concept. It can only be true in a game that is "solved" with participants who don't make mistakes from irrational decisions. An example of EMH in poker terms would be if in a fullring game everyone played 100% of their hands the same in all positions and on every street. This is unimaginable.

The fluctuations in price is how the market moves towards "fair value". These movements are profitable both in short and long term. Spread trading is similar to marketmaking, arbitrage can be done between exchanges or correlating assets, trading shortterm e.g. daytrading focuses on short time price inefficencies, long term trading benefits from assessing correctly the future value of a company. Marketmakers get paid to make the markets more efficient, ergo it is possible for the individual.

I'd like to make a case for options trading.

If trading stocks is profitable then trading options which underlying asset is a stock is also profitable. For a price premium you can limit your risk. Options provide leverage and a number of ways to profit from correctly predicting the time,price and volume of a move in stock price.

On September 25 2015 08:25 cariadon wrote: Show nested quote + On September 25 2015 04:38 dogmeat wrote: so tell us why dont you believe in EMH? EMH is an "absolute" concept. It can only be true in a game that is "solved" with participants who don't make mistakes from irrational decisions. An example of EMH in poker terms would be if in a fullring game everyone played 100% of their hands the same in all positions and on every street. This is unimaginable. The fluctuations in price is how the market moves towards "fair value". These movements are profitable both in short and long term. Spread trading is similar to marketmaking, arbitrage can be done between exchanges or correlating assets, trading shortterm e.g. daytrading focuses on short time price inefficencies, long term trading benefits from assessing correctly the future value of a company. Marketmakers get paid to make the markets more efficient, ergo it is possible for the individual.

what he said lol. i cant say it in a smart and technical way, but thats what im trying to say, markets cannot be relied on to act the way you expect at any given time. everything is a trigger going up or down, sideways markets are the worst - it gives no opportunity to take a spread and make money from it. For now I can't study options since I'm still developing my skills for stocks.

I'm an impatient person so I rarely buy/hold. Unless it's an amazing growth story or some obscure type of business where the barrier to entry is tough enough and I "get" the bigger picture. Basic fundamentals helps with conviction so as to not get shaken out too easily, Basic Technical analysis is for entries, SCC disclosures are what I eat for breakfast and I don't understand 90% of them and only focus on things that I do understand. You can't be riding all stocks that have good stories you have no idea about. You only have to be right at least once or twice a year, then make those twenty seven small mistakes and you're golden. Always easy to cut loss but know what price you will be doing it and please stick to it.

Ok I've finally gotten a real veteran ex investment banker turned private trader as a mentor (i hope). He knows everything I know about trading and tons more about the voodoo stuff like volume spread analysis and all that jazz. I'll try to get mentored by him just to make people feel less stupid about listening to what I say. If you're into all that stuff (he's really not married to all the woowoo also and does pretty well for himself). I'll post results by the end of the year.

Stock market is easy
Buy Tesla shares now, go get a job for 10 years, sell shares in 10 years be a billionaire

I do have smallish capital, and the smaller it is, the easier to grow, albeit risk is also there. Portfolios are fine but if you only got 10k usd to play with it's retarded to have a "balanced" portfolio lol. These things taught in finance school are based on the premise that you will be working for a hedge fund or broker with a ton of funds. Having 10million dollars and growing it 10% in a year is fantastic in itself. Handling a billion dollars and making 3% is probably a nightmare

if you are into investing and compounding then cost averaging is the safest bet. its also great if you just want to grow your money by yourself each month without paying someone to do it. when markets turn to shit, no instrument is ever safe anyway

what is your bankroll and what are you paying in trading costs?