Anybody have any experience with daytrading?

I'm looking to try my hand at a day trading. I need a reliable broker with cheap commissions and a good platform to trade on. Walk me through. Any help is appreciated.

If you're smart and have really good discipline it can be a good long term thing to do. I dunno about foreign markets though, BILAT used to do that using a good online broker. Be prepared for a life of research and study if you really want to come out on top.

Personally I realized that I sucked at it because I am really an emotional person in everything I do, emotions are really the worst when daytrading.

yeah

im looking at rsh right now, i think there are some players setting up a move so they can get some profit by flooding the streets with "blood"

i missed osgiq at fucking .75 and i wanted to ride it to at least 9, if not 10, and at the most, 20, but alas, things slipped by

i also missed out on the double yen and the aussie trades that happened a year or two ago

im with scotttrade right now, it's okay. 7? for each trade, so 14 in total, unnless you're doing the pennies.

you should also find out which picture you see: the little picture of the big picture? this will greatly guide you to your ideas that you can handle, and if you team up with people. you should try to diversify which pictures you're good at seeing.

whamm! in reality, we all use our emotions, and it's actually a must. i remember watching some documentary about a psych who's clients were traders and equity managers and such, pretty interesting stuff if I can find it again.

being with a network of people just like LP really helps though. I was trying to learn by myself and didn't have an idea where to start but wanted to trade right away haha. did get lucky a couple of times before falling into usual traps eventually and getting greedy and shit didn't help

Have the capacity for independant thinking, it is a prerequisite.
Be very careful with who you take advice from, forums are crowded with a bunch of has-beens and know-it-alls and such.
Apply for a prop. trading job, listing poker in your resume can be a good thing.
Truly have the passion and drive for it, otherwise its not worth it.
Look into stock options trading, they are very flexible and offer a variety of things you can do. Also, they can provide a little bit of leverage.
Stay away from futures, commodities, currencies, other bs.
Read a lot.
Get a credible mentor, or mentors.

On August 23 2014 01:59 cariadon wrote: Have the capacity for independant thinking, it is a prerequisite. Be very careful with who you take advice from, forums are crowded with a bunch of has-beens and know-it-alls and such. Apply for a prop. trading job, listing poker in your resume can be a good thing. Truly have the passion and drive for it, otherwise its not worth it. Look into stock options trading, they are very flexible and offer a variety of things you can do. Also, they can provide a little bit of leverage. Stay away from futures, commodities, currencies, other bs. Read a lot. Get a credible mentor, or mentors.

Good advice. Why stay away from futures, commodities, and currencies? I'm currently trading currencies on a small account, been at it for awhile. How do I go about finding a credible mentor? I think if you take a job in trading, you're not allowed do it on your own?

Please explain why trading currencies is profitable. There is your answer.

Profitable = making money or having an edge?

Since you described options as flexible, having a variety of things you can do, and offers leverage, I'll attempt to do the same with currencies.

Currencies let's you bet with any size account. You can bet a % of your bankroll over any amount of pips so it's very flexible. They charge a spread of 2.5-5 pips and not a flat rate of $5-10 so as long as you're right 50% of the time + the spread, you'll break even. With good analysis achieving over 50% should be doable. It offers a good amount of leverage as well.

Interactive Brokers is the best from what I've heard for active traders (like $1 a trade or something) but you have to have 20k in there I think. One thing that you can do early on with a small amount of money though is similar to poker bonus whoring. There are a lot of major sites who offer sign-up bonuses like "30 days no commissions" "X amount of trades free" "60 days free if you move your money here from another site", etc. So I would start with those to save money on that side of things.

On August 23 2014 11:37 cariadon wrote: Please explain why trading currencies is profitable. There is your answer.

I mean, when looking at the aussie dollar a few years back, I was looking at their gold mining companies, the price of gold, the taxes the gold mining productions have to pay, the price of other metals such as copper, the chinese and japanese markets, etc.. Anyone with a brain knew it was falling below parity, and below parity it fell. Like I said, if you can't see the big picture, you shouldn't be looking at the big picture. Go focus on the little details if that's your game.

Nitewin, where's the edge? Why are you able to beat the 50% plus spread? What's going on? What is the unerlying idea behind taking and exiting positions?

Gnarly, lol. Can we see the research please? I doubt you did any.

ur fine because the market will go up until one day you are doing your "lol im a day trading smartypants" and the next 2007-2008 crash wipes you out incl. every profit you ever thought you made

How very ignorant.

On August 24 2014 09:14 2primenumbers wrote: ur fine because the market will go up until one day you are doing your "lol im a day trading smartypants" and the next 2007-2008 crash wipes you out incl. every profit you ever thought you made

There, I just saved you from your ignorance

>expects me to keep articles and speeches years after the fact

I mean, you could actually look this stuff up yourself if you wanted proof. You can look at the dates when the Aussie fell below parity, look for articles concerning gold, mining, international economic affairs with china, japan, etc., the federal reserve of australia, prices of metals, job data, etc..

You probably have read my posts about OSGIQ, and how the KEYSTONE XL, which I've mentioned numerous times, is one of the reasons why osgiq will never go out of business, plus the expansion of the panama canal, plus the lift on the ban of energy exporting america set on itself, plus what's going on in ukraine (russia lashing out) and iran (pipeline control) plus the oil boom in texas and the fracking boom in canada plus the whole global warming scare, etc.

Surely, I have no idea what I'm talking about, and have done absolutely no research. That's why I connect all these dots, cause I literally imagined them with literally no outside influence.

Lemme guess, you're one of those people that thinks the US eco is destined to fail?

It is easy to find proof after the fact. The idea wasn't your own. I think you are incomprehensible and incapable of the things you claim. You can flip a coin and be right, it doesn't mean your reasoning is solid, which it isn't. In fact you have failed to provide any reasoning whatsoever.
So you almost made money in an instrument you didn't even trade? Awesome. That amounts to absolutely nothing.

What you say, Gnarly, may have influence on what others decide to do. It appears Nitewin is trading currencies. People don't fall into these traps on their own, they get encouragement from people like you. And that's a bad thing.

Well, of course, the idea wasn't my own. If it were, that would be because I literally have the power to physically act on the ideas. (expand the panama canal through financing, own a fucking shipping freight company, own a fucking gold mining company.)

Did I literally not give you reasoning? Why the fuck would America expand the panama canal and then decide not to fully utilize it by completing the keystone XL? Why the fuck would they build the keystone xl without improving the infrastructure of the ports it affects? Why the fuck would the government not make sure certain "assets" are protected so that they can be utilized when their ticket is called?

All you're saying is "Well, I think you don't know what you're talking about." That amounts to nothing. You don't explain why currencies, or commodities, or futures are a bad idea. Probably because you simply got burned by them because you're a fucking idiot.

On August 24 2014 05:43 cariadon wrote: Nitewin, where's the edge? Why are you able to beat the 50% plus spread? What's going on? What is the unerlying idea behind taking and exiting positions? Gnarly, lol. Can we see the research please? I doubt you did any.

I challenge you to answer the same for options.

Gnarly plz.

On August 24 2014 12:22 Nitewin wrote: Show nested quote + On August 24 2014 05:43 cariadon wrote: Nitewin, where's the edge? Why are you able to beat the 50% plus spread? What's going on? What is the unerlying idea behind taking and exiting positions? Gnarly, lol. Can we see the research please? I doubt you did any. I challenge you to answer the same for options.

You should fucking challenge yourself. Let's get this straight. I'm not here to spoonfeed you answers or prove someone wrong. You started the thread to acquire information and learn. By distinguishing the retards from someone who may have a point you can save some time and energy.

You have dodged the question why trading currencies is profitable in the sense of having an edge so we can agree the idea just isn't there. Trading currencies is basically being highly leveraged (to make it even worth the while) in a very volatile instrument that follows little to no logic at all. Technical analysis bs works until it doesn't. You are picking up pennies waiting for the axe to fall. Being able to consistently make money there starting out is highly improbable.

Since you aren't making shit when starting out you want to keep the costs low. This means no real-time data, no advanced trading platforms, no volume in number of trades made. This limits what you are able to do.

Stock options can be better than just stocks because they provide more tools to take advantage of your trading idea, whatever it may be. If you want a track record you can google W.Buffett and read B.Grahams "Intelligent investor" and be beaten into submission. Also trading options almost completely eliminates the timing factor, which is very helpful for beginners. The downside is that it requires a lot of reading and learning.

On August 23 2014 09:30 Nitewin wrote: Show nested quote + On August 23 2014 01:59 cariadon wrote: Have the capacity for independant thinking, it is a prerequisite. Be very careful with who you take advice from, forums are crowded with a bunch of has-beens and know-it-alls and such. Apply for a prop. trading job, listing poker in your resume can be a good thing. Truly have the passion and drive for it, otherwise its not worth it. Look into stock options trading, they are very flexible and offer a variety of things you can do. Also, they can provide a little bit of leverage. Stay away from futures, commodities, currencies, other bs. Read a lot. Get a credible mentor, or mentors. Good advice. Why stay away from futures, commodities, and currencies? I'm currently trading currencies on a small account, been at it for awhile. How do I go about finding a credible mentor? I think if you take a job in trading, you're not allowed do it on your own?

Not neccessarily. And if you can land the right kind of job you wouldn't need to.

don't go into daytrading now. you will only be competing with computer algorithms.

On August 25 2014 03:08 cariadon wrote: Show nested quote + On August 24 2014 12:22 Nitewin wrote:   On August 24 2014 05:43 cariadon wrote: Nitewin, where's the edge? Why are you able to beat the 50% plus spread? What's going on? What is the unerlying idea behind taking and exiting positions? Gnarly, lol. Can we see the research please? I doubt you did any. I challenge you to answer the same for options. You should fucking challenge yourself. Let's get this straight. I'm not here to spoonfeed you answers or prove someone wrong. You started the thread to acquire information and learn. By distinguishing the retards from someone who may have a point you can save some time and energy. You have dodged the question why trading currencies is profitable in the sense of having an edge so we can agree the idea just isn't there. Trading currencies is basically being highly leveraged (to make it even worth the while) in a very volatile instrument that follows little to no logic at all. Technical analysis bs works until it doesn't. You are picking up pennies waiting for the axe to fall. Being able to consistently make money there starting out is highly improbable. Since you aren't making shit when starting out you want to keep the costs low. This means no real-time data, no advanced trading platforms, no volume in number of trades made. This limits what you are able to do. Stock options can be better than just stocks because they provide more tools to take advantage of your trading idea, whatever it may be. If you want a track record you can google W.Buffett and read B.Grahams "Intelligent investor" and be beaten into submission. Also trading options almost completely eliminates the timing factor, which is very helpful for beginners. The downside is that it requires a lot of reading and learning.   On August 23 2014 09:30 Nitewin wrote: Show nested quote + On August 23 2014 01:59 cariadon wrote: Have the capacity for independant thinking, it is a prerequisite. Be very careful with who you take advice from, forums are crowded with a bunch of has-beens and know-it-alls and such. Apply for a prop. trading job, listing poker in your resume can be a good thing. Truly have the passion and drive for it, otherwise its not worth it. Look into stock options trading, they are very flexible and offer a variety of things you can do. Also, they can provide a little bit of leverage. Stay away from futures, commodities, currencies, other bs. Read a lot. Get a credible mentor, or mentors. Good advice. Why stay away from futures, commodities, and currencies? I'm currently trading currencies on a small account, been at it for awhile. How do I go about finding a credible mentor? I think if you take a job in trading, you're not allowed do it on your own? Not neccessarily. And if you can land the right kind of job you wouldn't need to.

>not here to prove someone wrong
>proceeds to tell who is wrong

On August 25 2014 03:08 cariadon wrote: Show nested quote + On August 24 2014 12:22 Nitewin wrote:   On August 24 2014 05:43 cariadon wrote: Nitewin, where's the edge? Why are you able to beat the 50% plus spread? What's going on? What is the unerlying idea behind taking and exiting positions? Gnarly, lol. Can we see the research please? I doubt you did any. I challenge you to answer the same for options. You should fucking challenge yourself. Let's get this straight. I'm not here to spoonfeed you answers or prove someone wrong. You started the thread to acquire information and learn. By distinguishing the retards from someone who may have a point you can save some time and energy. You have dodged the question why trading currencies is profitable in the sense of having an edge so we can agree the idea just isn't there. Trading currencies is basically being highly leveraged (to make it even worth the while) in a very volatile instrument that follows little to no logic at all. Technical analysis bs works until it doesn't. You are picking up pennies waiting for the axe to fall. Being able to consistently make money there starting out is highly improbable. Since you aren't making shit when starting out you want to keep the costs low. This means no real-time data, no advanced trading platforms, no volume in number of trades made. This limits what you are able to do. Stock options can be better than just stocks because they provide more tools to take advantage of your trading idea, whatever it may be. If you want a track record you can google W.Buffett and read B.Grahams "Intelligent investor" and be beaten into submission. Also trading options almost completely eliminates the timing factor, which is very helpful for beginners. The downside is that it requires a lot of reading and learning.   On August 23 2014 09:30 Nitewin wrote: Show nested quote + On August 23 2014 01:59 cariadon wrote: Have the capacity for independant thinking, it is a prerequisite. Be very careful with who you take advice from, forums are crowded with a bunch of has-beens and know-it-alls and such. Apply for a prop. trading job, listing poker in your resume can be a good thing. Truly have the passion and drive for it, otherwise its not worth it. Look into stock options trading, they are very flexible and offer a variety of things you can do. Also, they can provide a little bit of leverage. Stay away from futures, commodities, currencies, other bs. Read a lot. Get a credible mentor, or mentors. Good advice. Why stay away from futures, commodities, and currencies? I'm currently trading currencies on a small account, been at it for awhile. How do I go about finding a credible mentor? I think if you take a job in trading, you're not allowed do it on your own? Not neccessarily. And if you can land the right kind of job you wouldn't need to.

Someone has an attitude problem. You made a point about options being better than currencies. All I asked was why. Nobody is spoonfeeding anyone. If you want to contribute to the conversation, you better be backing up your own statements. You could have gave your opinion on options many posts ago but you were the one dodging the question. Just because you can't win at currencies, it doesn't mean no one can. There's real time data and advanced platforms. If I was a professional trader who has a significant edge, I wouldn't have made this thread to begin with. I'm a beginner and I can't say for sure I have an edge yet or just results oriented. What I can say is I'm up 50% this month by risking a maximum of 2-3% per trade on a 200 dollar account, which is why I'm interested in learning more.

On August 25 2014 19:46 Nitewin wrote: Show nested quote + On August 25 2014 03:08 cariadon wrote:   On August 24 2014 12:22 Nitewin wrote:   On August 24 2014 05:43 cariadon wrote: Nitewin, where's the edge? Why are you able to beat the 50% plus spread? What's going on? What is the unerlying idea behind taking and exiting positions? Gnarly, lol. Can we see the research please? I doubt you did any. I challenge you to answer the same for options. You should fucking challenge yourself. Let's get this straight. I'm not here to spoonfeed you answers or prove someone wrong. You started the thread to acquire information and learn. By distinguishing the retards from someone who may have a point you can save some time and energy. You have dodged the question why trading currencies is profitable in the sense of having an edge so we can agree the idea just isn't there. Trading currencies is basically being highly leveraged (to make it even worth the while) in a very volatile instrument that follows little to no logic at all. Technical analysis bs works until it doesn't. You are picking up pennies waiting for the axe to fall. Being able to consistently make money there starting out is highly improbable. Since you aren't making shit when starting out you want to keep the costs low. This means no real-time data, no advanced trading platforms, no volume in number of trades made. This limits what you are able to do. Stock options can be better than just stocks because they provide more tools to take advantage of your trading idea, whatever it may be. If you want a track record you can google W.Buffett and read B.Grahams "Intelligent investor" and be beaten into submission. Also trading options almost completely eliminates the timing factor, which is very helpful for beginners. The downside is that it requires a lot of reading and learning.   On August 23 2014 09:30 Nitewin wrote: Show nested quote + On August 23 2014 01:59 cariadon wrote: Have the capacity for independant thinking, it is a prerequisite. Be very careful with who you take advice from, forums are crowded with a bunch of has-beens and know-it-alls and such. Apply for a prop. trading job, listing poker in your resume can be a good thing. Truly have the passion and drive for it, otherwise its not worth it. Look into stock options trading, they are very flexible and offer a variety of things you can do. Also, they can provide a little bit of leverage. Stay away from futures, commodities, currencies, other bs. Read a lot. Get a credible mentor, or mentors. Good advice. Why stay away from futures, commodities, and currencies? I'm currently trading currencies on a small account, been at it for awhile. How do I go about finding a credible mentor? I think if you take a job in trading, you're not allowed do it on your own? Not neccessarily. And if you can land the right kind of job you wouldn't need to. Someone has an attitude problem. You made a point about options being better than currencies. All I asked was why. Nobody is spoonfeeding anyone. If you want to contribute to the conversation, you better be backing up your own statements. You could have gave your opinion on options many posts ago but you were the one dodging the question. Just because you can't win at currencies, it doesn't mean no one can. There's real time data and advanced platforms. If I was a professional trader who has a significant edge, I wouldn't have made this thread to begin with. I'm a beginner and I can't say for sure I have an edge yet or just results oriented. What I can say is I'm up 50% this month by risking a maximum of 2-3% per trade on a 200 dollar account, which is why I'm interested in learning more.

If you were really interested you'd look up options on your own instead of fishing. You could even trade currency options. My advice is to look up stock options in particular, you can either read and educate yourself or just continue to be ignorant and report back with how your currency trading is going in a few months time. If someone were to ask you why you make money at poker it wouldn't be a hard question at all. Dodging means you either think you discovered some godly Fibonacci formula to currency trading or there just isn't any understanding whatsoever. If there is no idea then the money you earn or lose is completely random and all you are doing is clicking buttons. A competent person could, in a few sentences, explain why he is able to make money - poker or trading. Trading currencies is not for novices, consider yourself informed. Also, your trading idea still remains a mystery.

Cariadon are you always this defensive and abrasive when giving advice to others? They might be more receptive if you weren't being such a dick to people. Threads like this with your posts in it almost always degenerate to flame wars that no actual content. But then again this is LP

you berate them until they learn: style of learning. ;D

I just get ticked off reading posts that have no weight to them. Especially if people start talking out of their asses. People don't fall into the technical analysis currency trading traps by themselves, they get encouragement from others. If i had got burnt trading currencies i'd admit it and share my experience. It is my concious decision not to trade the instruments i listed. I've heard from numerous sources and speak from experience when i say that even if you have lost money trading it is a positive thing at a job interview. All i am trying to get at is that he make clear to himself that he knows what it is he is actually doing. If there were decent follow up questions i wouldn't mind suggesting books to read, sites to frequent or whatnot.

I don't mind the shittalking or trolling in general but people need to realise when it can have a negative effect or influence on other people.

On August 26 2014 13:32 YoMeR wrote: Cariadon are you always this defensive and abrasive when giving advice to others? They might be more receptive if you weren't being such a dick to people. Threads like this with your posts in it almost always degenerate to flame wars that no actual content. But then again this is LP you berate them until they learn: style of learning. ;D

thats what happens when u play too much dota

On August 25 2014 03:08 cariadon wrote: + Show Spoiler + Show nested quote + On August 24 2014 12:22 Nitewin wrote:   On August 24 2014 05:43 cariadon wrote: Nitewin, where's the edge? Why are you able to beat the 50% plus spread? What's going on? What is the unerlying idea behind taking and exiting positions? Gnarly, lol. Can we see the research please? I doubt you did any. I challenge you to answer the same for options. You should fucking challenge yourself. Let's get this straight. I'm not here to spoonfeed you answers or prove someone wrong. You started the thread to acquire information and learn. By distinguishing the retards from someone who may have a point you can save some time and energy. You have dodged the question why trading currencies is profitable in the sense of having an edge so we can agree the idea just isn't there. Trading currencies is basically being highly leveraged (to make it even worth the while) in a very volatile instrument that follows little to no logic at all. Technical analysis bs works until it doesn't. You are picking up pennies waiting for the axe to fall. Being able to consistently make money there starting out is highly improbable. Since you aren't making shit when starting out you want to keep the costs low. This means no real-time data, no advanced trading platforms, no volume in number of trades made. This limits what you are able to do. Stock options can be better than just stocks because they provide more tools to take advantage of your trading idea, whatever it may be. If you want a track record you can google W.Buffett and read B.Grahams "Intelligent investor" and be beaten into submission. Also trading options almost completely eliminates the timing factor, which is very helpful for beginners. The downside is that it requires a lot of reading and learning.   On August 23 2014 09:30 Nitewin wrote: Show nested quote + On August 23 2014 01:59 cariadon wrote: Have the capacity for independant thinking, it is a prerequisite. Be very careful with who you take advice from, forums are crowded with a bunch of has-beens and know-it-alls and such. Apply for a prop. trading job, listing poker in your resume can be a good thing. Truly have the passion and drive for it, otherwise its not worth it. Look into stock options trading, they are very flexible and offer a variety of things you can do. Also, they can provide a little bit of leverage. Stay away from futures, commodities, currencies, other bs. Read a lot. Get a credible mentor, or mentors. Good advice. Why stay away from futures, commodities, and currencies? I'm currently trading currencies on a small account, been at it for awhile. How do I go about finding a credible mentor? I think if you take a job in trading, you're not allowed do it on your own? Not neccessarily. And if you can land the right kind of job you wouldn't need to.

yo you need to just let the fish be fish. i remember i used to also share your passion for helping the uneducated/ignorant.

but like u at one point, it feels like u have to beg on your knees to help them. it's just not worth it. i know what your trying to do but all you can really do is provide information and hope the individual takes the time to read it and comprehend it. if said individual can't be bothered then said individual can't be bothered.

at the risk of sounding like a callout you should try taking Nazgul's approach. he created this forum which has helped some and has not helped some. but he doesn't consider it his duty to "save" the fish.

anyway here's gold:
http://www.forbes.com/sites/davidwism...my-wife-and-other-quotes-of-the-week/

i just potentially saved everyone here in this thread multiple thousands of dollars. feel free to send me money at my paypall

yea and i think if most ppl here actually knew wat "technical analysis" entailed ppl would be shocked and appalled and prob wonder how private investing in any form could be legal.

If you come to LP asking for advice like a fish then don't provoke, don't troll and don't have an ego.

>Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.)

from that link

top kek. if you listened to buffet when he said he was buying gold near peak price, after it had gone up such an outrage %, and actually bought gold, then you're literally playing into his hands. i don't know if ive posted where i think gold is headed on this site, but it's UNDER $400, and if you want to know why, i'll let you know. why do you think people charge to learn how to actually be good at poker rather than spouting off the same, "play tight from early, looser on the button, 3bet x amount" such as the markets have their TA sites. "buy above 20 sma while it's above 10 ema." I mean, there COULD be something to TA, but you have to have money and participant knowledge, imo.

try to think of it as a poker game, or an ecosystem, and all the participants are living organisms that follow basic rules of nature. a leaf doesn't grow randomly; it grows according to previous leaf spots, which leaves are grown by the plant through growth hormones directed at an efficient angle to maximize sunlight (profit) and to minimize shade on already-grown leaves (loss). animals that need meat will eat animals it can eat, and those that are eaten by other animals will seek to avoid those animals.

also, cariadon, nice way of putting that you actually did get burned, which is why you dodged my post.

speak from experience when i say that even if you have lost money trading

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