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Stocks Scam "ask me how!"

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whamm!   Albania. Sep 25 2015 02:57. Posts 11625

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.




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 Last edit: 25/09/2015 03:08

whamm!   Albania. Sep 25 2015 03:01. Posts 11625

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.


whamm!   Albania. Sep 25 2015 03:16. Posts 11625

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.

 Last edit: 25/09/2015 03:38

whamm!   Albania. Sep 25 2015 03:49. Posts 11625

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.

 Last edit: 25/09/2015 03:51

Balzamon   Sweden. Sep 25 2015 04:13. Posts 2868

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..


Rinny   United States. Sep 25 2015 04:13. Posts 600


whamm!   Albania. Sep 25 2015 04:24. Posts 11625


  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

 Last edit: 25/09/2015 04:26

whamm!   Albania. Sep 25 2015 04:44. Posts 11625

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

 Last edit: 25/09/2015 04:46

dogmeat   Czech Republic. Sep 25 2015 05:38. Posts 6374

so tell us why dont you believe in EMH?

ban baal 

whamm!   Albania. Sep 25 2015 05:51. Posts 11625

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.

 Last edit: 25/09/2015 06:26

whamm!   Albania. Sep 25 2015 06:39. Posts 11625

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.

 Last edit: 25/09/2015 06:45

whamm!   Albania. Sep 25 2015 06:52. Posts 11625

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.

 Last edit: 25/09/2015 18:40

dogmeat   Czech Republic. Sep 25 2015 09:02. Posts 6374


  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

ban baal 

cariadon   Estonia. Sep 25 2015 09:25. Posts 4019


  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.


cariadon   Estonia. Sep 25 2015 09:38. Posts 4019

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.


whamm!   Albania. Sep 25 2015 12:17. Posts 11625


  On September 25 2015 08:25 cariadon wrote:
Show nested quote +



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.

 Last edit: 25/09/2015 12:19

whamm!   Albania. Sep 25 2015 17:32. Posts 11625

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.

 Last edit: 25/09/2015 17:45

Spitfiree   Bulgaria. Sep 25 2015 17:43. Posts 9634

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


whamm!   Albania. Sep 25 2015 17:49. Posts 11625

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

 Last edit: 25/09/2015 18:37

Romm3l   Germany. Sep 25 2015 18:04. Posts 285

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


whamm!   Albania. Sep 25 2015 18:18. Posts 11625

Heres another poker analogy:
we worship durr ivey isildur and how they play, we dream to be like them one day but are always reminded that their "style" is not what made them that way. watch hours of videos, talk about poker with people of the same skill and i promise you more often than not you will hit that "wall" of resistance. but try being friends with them and hang around with them, talk with them directly and in a month you will play like them(WCG rider?). its a tough task to emulate their style simply because you are not made of the same dna.

q: I cut loss too easily
a: do you have a tight stop?
q. yes.
a: tighten stops when it is speculative and conviction is low, for stocks where ur conviction is high loosen your stops a little
q: but i cant seem to do it
a: then dont trade stocks you dont really believe in, simple

q: I lose so much but gain so little
a: set tight stops and let winners ride
q: market is bad, nobody's making any money
a: don't trade, use the time to further strengthen knowledge, psychology, be inspired by philosophy or practice reading charts/funda
q: It's the end of the world
a: as long as there will be survivors, and the office building or manufacturing plant still functions then time is on your side lol

q. charges are gross, it cuts my bottom line
a. you are trading too frequently, less is more and less commissions more money in your pocket
q. But smart people know this theorem, and are masters degree holders from wharton
a. Can they trade their own money? how about small funds can they grow that? Their risk tolerance for your money comes with a fee for themselves as a hedge, why are they even working when they are so brilliant?
q. I know this smart guy who gets it right 70% of the time in his trades
a. I know this guy who gets it right 10% of the time but i think he's better
q. Youre retarded
a. How much did your friend make? if its more than my friend then I'd agree with you that he's better
q. Even if he's better, thats not sustainable
a. how the hell do you know that?
q. I want something that i can just leave and come back after five years
a. You need some luck, since things are in a cycle, just pray you come back and it's on the top half of the spectrum

q. I always buy at the top and get whipsawed(retracement)
a. Find characteristics of price movement of that stock and look for patterns, buy near support during pullbacks coz there will be
q. I dont know fibonacci and all that jazz
a. then for now dont buy during rallies if it tilts u
q. they say NEVER catch falling knives
a. as a rule that is correct, but never say never because in some cases where you know that it is only a kneejerk reaction, look for fib sar
and watch for potential reversals, bottom fish in small tranches with the bulk of your budget at the bottom, small bets then when you see a strong upward move bet big to pull down ur average cost, if still the move does not go as strong as you like and feel jittery still, cut loss near ur average adn fight another day

q. is buying on breakouts safe
a. u are basing it on momentum and is never a certain thing, but brokers and chartists love to average up at new highs if they see a new upward trend so it becomes a self fullfilling prophecy of sorts. Price action and tape reading is key.

these are all conversations i hear and read all the time, im paraphrasing a lot of them but overcomplicating everything is an excuse to fail. you dont need to be a genius trader to make money that you are happy with. its not an easy thing to do but its sure as hell easier than poker in my experience, which is why i want to share this with everyone here. Ive realized whats important and whats not.


 Last edit: 25/09/2015 19:17

whamm!   Albania. Sep 25 2015 18:24. Posts 11625


  On September 25 2015 17:04 Romm3l wrote:
what is your bankroll and what are you paying in trading costs?



50k usd but my trading cost was around 10k lol
I know its terrible, thats why im so excited for next year when that is reduced to 1 or 2kusd. It was a learning experience.
Just by that I increase my equity and port, its like a business where I can save money on areas that I can. It's a laughable BR i know but unlike poker its easier to scale but obviously im not shooting for Daigo level capital here as i am not as smart. Intelligent people with an open mind can probably do so much better than I have. Imagine how better and less reckless Id be in a couple more years of trading.

 Last edit: 25/09/2015 18:30

brambolius   Netherlands. Sep 25 2015 21:29. Posts 1708


  On September 25 2015 17:24 whamm! wrote:
Daigo level





:D

Heat......EXTEND 

whamm!   Albania. Sep 26 2015 01:23. Posts 11625

LOL I meant Ray Dalio, I don't even care to remember those guys names. As long as I accomplish my own personal goals Im just as happy as those guys, maybe even more as I have a lot less to lose.

Greed is good but doing trades on margin(borrowing) is a sure way to embrace chaos, learn early but regret it. I cannot recommend any beginner to do it simply because it is a cataclysmic event in your journey - avoid doing things that ruin you COMPLETELY. You have to stay long enough, experience adversity and wise up for you to keep growing. As you go along, you will notice you go into a lot less losing trades, trade less frequently and even have more time to study. Overtrading is a beginners first fault, as you will be overwhelmed with all the good choices out there and would want to "plant" and get a piece on everything that moves. Personally I like doing three as I am comfortable watching those. 1 "trending" stock, 1 which has been doing well for the year (increased earnings etc growth story), 1 cheaply priced stock or a stock which has gone up and down and is in consolidation mode. the majority of my port is obviously targeting the most active stock so I focus on that 85% and never even look at other "moves", jealousy makes you trade terribly and I have done it so many times in teh past.

 Last edit: 26/09/2015 02:59

whamm!   Albania. Sep 27 2015 01:52. Posts 11625

You only have to get "lucky" and hit your set once and you're good for the year, if you are starting to become a good trader that's how it's going to be for your entire career. As long as you are smart with your capital as it grows (withdraw capital, as a warchest of sorts for markets crashes where bargains are everywhere and returns will be insane). You can also use that cash position when you want to double down, average up or down in certain situations wherein you are quite sure with your instincts on price moves. Making the most of your right calls and keeping capital relatively safe is one step to becoming a good trader. I must admit you must hit a bit of luck when you start,, as you will never gain confidence as long as you're simply breaking even or losing, in the end it's still "how much did you win?" that's going to determine your performance, not your hindsight. Don't get it twisted though, results DO NOT matter when you are still learning. Be smart in the risks you take when you start because building knowledge and confidence is of top priority

 Last edit: 27/09/2015 02:33

whamm!   Albania. Sep 27 2015 02:37. Posts 11625

Anything Internet of things related could drive part of the economies to robusto status, keep an eye on it since alot of big money is already going in that direction. Read IOT, and the industries it will propel, it is soon going to be in everything you see and will keep going and going for years to come. Market is starting to get tired of all these cute tech startups with no real value or implications, it is looking a the next wave as the NASDAQ is already grossly overpriced with nowhere to go.

Thats a specific tip to watch out for. It's going to be the next dot com thing. Read up on it, watch the stocks that affects it and see for yourself. But be reminded that were not into "Stock picking" its impossible to make a living doing that, greed will always get the best of us in the end. Execution and mastery is what we really aspire for.

NOTE:
Read on IOT (INternet - of - things) IBM openinterconnect etc etc

 Last edit: 27/09/2015 02:41

PoorUser    United States. Sep 27 2015 02:58. Posts 7471

for what its worth whamm, you sound like neilly. dont want you to get crushed so being as straight forward as possible.

Gambler EmeritusLast edit: 27/09/2015 02:59

whamm!   Albania. Sep 27 2015 04:02. Posts 11625


  On September 27 2015 01:58 PoorUser wrote:
for what its worth whamm, you sound like neilly. dont want you to get crushed so being as straight forward as possible.



Noted sir. I'm thinking of moving this to my Blog. Can mods help me move content? TY


Bigbobm   United States. Oct 07 2015 23:30. Posts 5511

Being totally honest, I can't figure out wtf is going on in here. I spend a good deal of time with investments, and have a decent amount of cash invested. So I'm super interested in this thread, but super confused with all the ludicrous analogies.

Reread this thread 2 more times and still no idea what the purpose of this thread really is. Agree with PoorUser that your ramblings are neilly like. No idea where most of this is going.

But I do think LP should have some investing type thread. I'd be curious to hear how a lot of LPers have largely transitioned out of poker (or haven't but still invest), and different thoughts or approaches to investing.

Its time to stop thinking like a bitch and think smart like a poker player - ketLast edit: 07/10/2015 23:49

Baalim   Mexico. Oct 08 2015 07:40. Posts 34250

cliffnotes?

Ex-PokerStars Team Pro Online 

whamm!   Albania. Oct 08 2015 09:45. Posts 11625

didn't lose everything yet haha. i guess it was silly to think it would make sense to anyone but myself. yup investing ala cost averaging is great and safe but no guarantees still. robert kiyosaki even declared bankruptcy recently lols


cariadon   Estonia. Oct 08 2015 18:06. Posts 4019

cliffs: whamm! needs a new avatar icon


Nitewin   United States. Oct 08 2015 18:55. Posts 1539


  On October 07 2015 22:30 Bigbobm wrote:
Being totally honest, I can't figure out wtf is going on in here. I spend a good deal of time with investments, and have a decent amount of cash invested. So I'm super interested in this thread, but super confused with all the ludicrous analogies.

Reread this thread 2 more times and still no idea what the purpose of this thread really is. Agree with PoorUser that your ramblings are neilly like. No idea where most of this is going.

But I do think LP should have some investing type thread. I'd be curious to hear how a lot of LPers have largely transitioned out of poker (or haven't but still invest), and different thoughts or approaches to investing.




+1. I spend more time investing than I do playing poker. I also have no idea what the purpose of this thread is despite having read it multiple times.

 Last edit: 08/10/2015 18:56

Balzamon   Sweden. Oct 08 2015 20:58. Posts 2868


  On September 25 2015 03:24 whamm! wrote:
Show nested quote +



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


Ok I dont know why I do it because as the other write, you do sound borderline insane in this thread with A TON of loose ends with no real points. But I will ask a couple of questions again. Ok so you are trading in many different ways, but again I think it is a fundamental difference between investing capital in an effiecent and educated way to try to get a good yearly return and actually trading daily to try and make something of a montly salary that you live off. What exactly is it that you are trying to do? What return on your capital do you hope for? I assume you think you can beat index by a ton?

In some recent post you write, "dont stock pick", how can you suddenly in all of this write such a thing? If you dont stock pick then how are you supposed to beat an index? Isnt pretty much everything else you write about finding the right stocks so your returns are greater than lets say S&P500 ?

For the sake of clarity, why dont you give us some clear cut examples of your own trades (would kind of be equivalent of a hand history in poker, learning by watching anothers exact action). Give us an example of a trade that you have made / one that you will hope to make soon. How was your decision making leading up to it, what fundamentals do you base it on and so on. What do you think of the market right now, and what instrument do you use, just stocks or also options for shorting and so on?

 Last edit: 08/10/2015 21:00

hiems   United States. Oct 09 2015 18:36. Posts 2979

I beat Loco!!! [img]https://i.imgur.com/wkwWj2d.png[/img] 

whamm!   Albania. Oct 10 2015 05:34. Posts 11625

I really hope I could explain my thoughts better I apologize guys. I really want to help that's why I want you guys to read about stock investing/trading. I trade a less sophisticated market e.g. PSE, it's quite small with no short selling or derivatives. The DOW NASDAQ is really so much more complex I'd imagine. Don't worry guys, I'm back to planet earth now lol. The euphoria has died down already. But seriously, read about it first, then ask me specific questions after. My next focus would be learning how to chart better, then brush up on the fundamental side again. It's a process but people here would probably learn in a year tops, I did it so how much more the guys here beating 200nl? Good luck. Read if you're interested. Ask me a specific question after because I will be very honest and basing it on experience.


cariadon   Estonia. Oct 11 2015 17:30. Posts 4019

whamm! technical analysis doesn't work. don't waste your time


lucky331   . Oct 12 2015 04:43. Posts 1124

^ Yes. What he said.


Endo   United States. Oct 12 2015 09:38. Posts 953


  On September 25 2015 16:49 whamm! wrote:
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



wat.


Romm3l   Germany. Oct 12 2015 12:14. Posts 285

hmm.. not expecting any good outcomes for op from this. don't gamble more than you can afford to lose


lucky331   . Oct 13 2015 10:09. Posts 1124

^ Don't worry about OP. He's a son of a wealthy land owner and farmer if you should know. He trades stocks for fun and trolls these boards every now and then for the lulz.


whamm!   Albania. Oct 13 2015 14:24. Posts 11625


  On October 11 2015 16:30 cariadon wrote:
whamm! technical analysis doesn't work. don't waste your time



elliot waves parabolic SAR ichimoku cloud charts harmonic trading they're all bullshit, but they will help you a bit, dont get married to those though
simple TA will do the job, it's really just a lagging indicator to tell you if you bought here and sold here etc

Basic SAR (support resistance)
Fibonacci retracement levels

These are very good to identify entry/exit ranges, but that's it.
I don't use Charts or Indicators at all. Only the tape, real time price action or direct access level 2 market depth action as it happens.
I have one student now, done all the books and shit, so far we've lost a bit of money lols, but he's having fun and learning at the same time. Isn't that great?!? haha


dogmeat   Czech Republic. Oct 13 2015 14:37. Posts 6374

ban baal 

whamm!   Albania. Oct 13 2015 15:30. Posts 11625

Like I said read the books I recommended. When you're ready to trade just try it out with an amount you can afford to lose. You will have a lot of questions. Pm me and I will help the best I can. Learn technicals and basic fundamentals like P/E, you will need those but you don't have to memorize every candlestick, indicator or chart pattern - only the basic ones will do. You will learn the complex stuff on your own as you go along.


Silver_nz   New Zealand. Oct 15 2015 07:23. Posts 5647

What happened with the crab framing whamm? I want to farm some salmon cause they are delicious


whamm!   Albania. Oct 15 2015 20:11. Posts 11625


  On October 15 2015 06:23 Silver_nz wrote:
What happened with the crab framing whamm? I want to farm some salmon cause they are delicious



almost done with the import license actually. took awhile though, switching to a jade perch hatchery soon and we're importing fingerlings from Malaysia to start once we get the import clearance. I actually can do soft shell crab operation easily but having a hard time with the juveniles so put it in the backburner for now and swtiched to freshwater fish, location for clean saltwater was also a huge concern and did try to import artificial reef salts from china thats why i tried getting an import license to begin with. It's all a blessing in disguise because I got so bored waiting for the permits to clear for close to a year and a half I finally thought I needed something to do and took trading a bit more seriously. The Jade perch hatchery thing will start most likely in 2016 but I got myself a partner with a suitable location, can't do everything alone.


whamm!   Albania. Oct 15 2015 20:15. Posts 11625


  On October 13 2015 09:09 lucky331 wrote:
^ Don't worry about OP. He's a son of a wealthy land owner and farmer if you should know. He trades stocks for fun and trolls these boards every now and then for the lulz.



How I wish that were the case lol


whamm!   Albania. Oct 15 2015 20:32. Posts 11625

I've realized it's pointless to do this without sounding insane or douchey. It's ok and I understand where all of you are coming from. I'd like to make a request from mods to delete this thread or just move it into my blog I really don't care. I'll still be checking LP most days, so if anyone did try to actually read and tried trading for real I feel you would understand what I'm trying to say here. Good luck and PM me with actual questions you have while actually trading, not much with margin trades and short selling though, Im not very familiar with those yet in practice.


devon06atX   Canada. Oct 16 2015 06:07. Posts 5458

You don't sound douchey at all man.

You do sound insane though.

I just deleted a couple paragraphs twice. I'm positive you mean the best, but I think you're just creating a lot of lost money in this community.

Investing is NOT as you describe. I'm not even a rookie, and I know this.

I don't support your adventure. I liked your things in the past, but a lot of this thread is rotten imo.


cariadon   Estonia. Oct 16 2015 08:33. Posts 4019

Whamm! can you trade without your charts? What platform do you use that provides level 2 market depth? How many trades (executions) have you done most in a day ?


 



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