MM, if you have an opinion, why ask the question?
you guys may want to look at opportunity cost. If you buy a house for $100K, sell it at $150K, net $50K; then in the next 5 years it goes to $300K, did you not lose $150K in opportunity cost?
Your point is valid... this is useless info... the bottomline is can you buy something for a dollar and sell for two. If the answer is yes, you know your stuff and nothing else matters. But the fact remains it is zero sum. If you make money, some either gave you that money or gave up the...
Your missing the point, by selling at $200 you gave up $200 plus in potential gains and those gains are in someone elses pocket or probably many other peoples pockets. IMO, giving away $200 is the same as losing $200.
If you sell a stock at $50 and it goes to $60, does one or more people make the $10?
If you buy a stock at $50 and if goes to $60, does someone miss out on that gain of $10 you received?
IMO, it's completely a zero sum game except for this little thing called commission; but that can be...
these threads crack me up... people always looking for the short cut to success. After reading over 50 trading books, some 10 times over and practicing with real money for 7 years plus why would I turn around and share all my secrets to a zero sum game?
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"The bottom line is that unless you plan on making it a full time job to do your research and put yourself in a position to have an advantage, you are going to get your ass kicked at some point by someone who does. You just have to hope that it doesnt put a big financial...
Why? Simple. Because I care about the newbies getting into the business. Most of them find ET soon enough. I made many mistakes at the beginning; but I started making big profits once when I seeked out the guidance of a PROVEN trader.
If looking after the newbie population is wrong, then...