Search results

Buy stocks that are rising. Don't hold stocks that falling. Pretty well covers all the rules except rule #3. I don't care if I'm in the market at all times. If the market is in a decline why would I want to be in it.

294 The Five Laws Of Stupidity If you don't have time to watch the video here are the Cliff Notes: Law #1 Everyone underestimates the number of stupid individuals in circulation. Law #2 The probability that a certain person is stupid is independent of any other characteristic of that...

You shouldn’t expect a mentor to show you a method. You should expect a mentor to guide you through the process of finding and developing a system that suites you. Too many people are looking to copy a method that may not be appropriate for them.

Then you have the long term traders who don't have a loss until the stock is sold. They have a portfolio full of junk but a fantastic win ratio. :rolleyes: :D

I'm that rare older active trader. I'm not afraid of losses, I take lots of them very quickly. What scares the hell out of me is big losses.

The roulette rule is not an accurate analogy. If you could take your bet back after the wheel began to spin it would be closer. Poker would be better, you pay a little to see your cards, if you don't like your chances you throw them in the muck. Most traders blow up because they continue to...

30% with a 5% drawdown

So what is driving price right now? I know there are two sides to the market but when price declines it is usually because someone wants/has to sell so offers at a price that buyers are willing to pay. As price continues to drop you have trapped buyers who want to get out or at least get even...

Are you trading it at all? Hell the Tech wreck in 2001 changed me from an investor to a speculator as I couldn't stand to see my net worth plummet like it did.

Sell into strength. Isn't that one of the advantages of crypto. Being able to keep a medium of exchange out of the hands of the big institutions, be it banks or government, and have it be able to be moved seamlessly across borders and accepted internationally. If you can buy a crypto currency...

All in is a texas holdum term for betting every thing you have on the table. There is zero risk control. I hope the cards fall for you.

Why not just buy the SPY rather than own a fist full of stocks. SPY returned 28% in 2021, how did you do?

More supply than demand. The question I ask is why and I agree that you can't know why investors/traders act like they do. If demand dries up it's usually because everyone who wants to buy a product has bought. Anyone who wants or has to sell has to drop their price to find a buyer. It's an...

OK then can you explain why the price is dropping? Like the stock market, the bitcoin market is not there for the retail trader to make money. It's there for the people who control the market to make money. It seems to have the same 4 stages as the stock market. Accumulation, mark-up...

Who has been selling to you on the way down? And it wasn't me, I don't have any yet.

Yes that is what I'm trying to figure out. Is it scarcity that makes it valuable? If that is so why do I care if it's scarce? There are other crypto currencies (More every day) that perform the same function as bitcoin (An alternate means of exchange that isn't controlled by government) If it's...

So greater fool? :)

I can see lack of supply adding to the demand and increasing the value. But what makes bitcoin valuable? Anyone can develop a crypto currency. As a medium of exchange it only has to be accepted by both parties. There is no secret to blockchain, it's open source. So if I can't afford bitcoin to...

LOL; You get old you don't see the small print. Made an assumption and was wrong. It happens more often than I'd like.