Recent content by hobothedestroyer

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    Why market wizards are not day traders?

    (I do have one other thing, themickey, which would make all these people shit themselves in awe... actually you guys all, inadvertently, helped me calculate it, in the last 24 hours. Perhaps, mick, if the opportunity comes I'll share that with you - but most here don't deserve it - in essence it...
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    Why market wizards are not day traders?

    cheers for slimming down my posts, moderators. it is always a pleasure to be a subject of your majesties. all hail caesar.
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    Why market wizards are not day traders?

    mickey, I find this video quite educational and useful - it taught me a lot: it doesn't matter what you trade, it matters how much risk you take (or don't take). as max keiser says (roughly): there is only volatility in the unhedged market
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    Why market wizards are not day traders?

    maybe that locking-in profit thing seems obvious to some, maybe you always did it, well done. you must be the minority. for me it makes the difference, in some instances, between profit and no profit. and one needs as many ways to make definite gains as possible. that's a fact. cheers. hobo out.
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    Why market wizards are not day traders?

    trading crossovers IS shit. yes. totally. at best you end up with a zero sum. that's what i reckon. BUT my 'zero sum rupturer' magnifies profit in a zero sum hugely. that is what the maths seems to say. eg... normal set of trades... win 2 win 2 lose 4 win 2 lose 4 win 2 lose 4 win 2 lose 4...
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    Why market wizards are not day traders?

    I appreciate what you say about the best picks, and I'm sure you're right, I realised it ages ago but as Shiller points out right now there aren't many good picks at all anyway. If I were trading that way I'd be keeping out of the market far more than getting into it. I tried to learn day...
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    Why market wizards are not day traders?

    An example of my so-called 'zero sum rupturing' technique is the one I gave, where instead of closing you wait a little longer and lock in, assuming most of the locked in profits will just be taken right there, practically, whilst the extras add up, more and more over time On my site at the...
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    Why market wizards are not day traders?

    I recommend to those here not entirely in disagreement with me that they check out this article, about 'superior people'... https://mgpiety.org/2015/06/14/on-greatness/ people who imagine that geniuses don't brag about it have apparently not met a lot of geniuses of course most geniuses are so...
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    Why market wizards are not day traders?

    "Those who are really superior never make such a statements." that is the mantra of stupid people and the main reason most school children never listen to their teachers
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    Why market wizards are not day traders?

    (by pure neoliberalism i actually mean pure intellectual dishonesty - the notion that being good at maths makes you bad at trading!!! proves my point. to a day trader the method lies in brawn not brains) (obviously literally speaking neoliberalism is just one of the diseases caused by...
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    Why market wizards are not day traders?

    pure neoliberalism. amazingly weak. i'm glad people like you populate the marketplace - or how could i do what i do?!!!
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    Why market wizards are not day traders?

    wow. as i pointed out. compulsive and paranoid behaviour is one of the characteristics of a day trader. no son, i've never met you before. your belief that you are being persecuted is all in your mind! :-)
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    Why market wizards are not day traders?

    while i can be arsed let me just tell you something about maths, though as feynman has explained, maths is a reasoning, a way of thinking, you can't just translate human language in and out of maths, it needs to be understood separately, internally traders like you aren't real mathematicians...
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    Why market wizards are not day traders?

    anyway. if any of you can tell me that that particular day trading set of rules would ever fail, i'd be interested. if it's wrong, as a scientist, i'd like to know. what i have found when testing it live and backtesting it both is that it's not wrong. the mathematical premise seems to be true...
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    Why market wizards are not day traders?

    "Arbitrary stop and trade management" whatever you want to label it, and i call it "rupturing the zero sum", it guarantees a net profit overall because of what it does to probability and the magnitude of wins vs losses the trouble with you is you're up yourself - i am indeed one of the best...
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