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  1. W

    zero sum game?????????????

    this is not about n=1 this is about the stock market AS A WHOLE. companies merge, some fail, some succeed, etc. that is tangential to the reality. i agree with the others. there is no use discussing things with people who ignore facts while engaging their cognitive dissonance engine...
  2. W

    zero sum game?????????????

    it is not a zero sum game, and i have already explained why the nation grows wealth and the market correspondingly has grown as well zero sum game means for every winner there is corresponding equal loss that is simply not the case in the stock market
  3. W

    zero sum game?????????????

    im not sure what your point is. and fwiw, any student of politics knows that most famines are caused by political actions, not by lack of food. no matter how much wealth is created, when u have dictators intentionally starving their people (for political means), wealth don't mean squat...
  4. W

    Stops

    thank YOU volente. and as another example, using the same basic setups, i could theoretically trade 20 contracts (vs. 3) *30 pts and make 3g's a day but i don't not that i don't have enuf capital. 20 contracts on intraday doesn't require much in an account. but it would cause we WAY...
  5. W

    zero sum game?????????????

    bitrend, in the case of TRADING you are right. in the case of investing, i would say no. traders don't trade stocks or futures or options. they really trade(play) OTHER traders. that's it. investors put money into companies, as represented by stocks. the former is a bit different...
  6. W

    zero sum game?????????????

    pekelo. you are absolutely right to go further. futures and options are merely agreements. you don't own anything underlying. futures is a binding contract, and options are a discretionary contract (assuming you bought them as opposed to writing them), but they are just that -...
  7. W

    Stops

    i average about $1600 a week in my futures account. and as for what i funnel it into, i do buy a lot of really conservative stuff. "grandma" stocks. i'm segregated into 4 different accounts. i hesitate to give #'s like this, because then it sounds like bragging and/or people think im...
  8. W

    zero sum game?????????????

    in the above scenario, it should be "every person in the USA" not "every person in the world"
  9. W

    zero sum game?????????????

    "Both sides have valid arguments to approve or disapprove." there is a lot of arguable stuff in investing and trading that reasonable people can disagree on. there are some things that are simply a cold hard fact. this is one of the latter. it is empirically and definitionally...
  10. W

    zero sum game?????????????

    "at the top it might be zero sum" it is NOT zero sum. wealth is created. why is that hard to understand? look at the world today. look at the world 100 yrs ago. is there more wealth NOW? yes. where did it come from? it was created. i already explained how - increased...
  11. W

    No where else to turn

    let me amend the last to say the 1mill is not a bright line. 1 mill shares at $80 a share is a pretty big stock. 1 million at $20 is not so much so. moreso , though -the biggest stocks - the big names - have the best market makers and best traders. why not go for the easier plays? as a...
  12. W

    No where else to turn

    "define a "small stock" in terms of volume?" if it does over 1mill shares, it is not a small stock, although if it trades at $2 a share, obviously a million shares is not a lot some of my favorite past trading stocks were: FFIV HANS (before it became as well known. i also bot it at...
  13. W

    Stops

    my rule is that i never widen a stop, and i always set a stop @ entry. i have several setups i use, but the widest stop i ever use on a YM trade is 14 pts. 90% of my trades use a 10 pt stop. on a few setups i use only a 7 pt stop. for reference, a 8 pt YM stop is roughly equivalent to a 1 pt...
  14. W

    Stops

    "already stated that I've seen countless new traders here and elsewhere blow out over and over and come across no one of them able to master futs. " look, most small businesses fail. trading is no different. futures (unlike stocks) are a zero sum game. they are contracts. for every...
  15. W

    zero sum game?????????????

    not to mention that a dirty pair of socks does not (usually) grow wealth. US companies do. .00001% of MSFT (or whatever %age of the company = 1 share) is WORTH far more now than it was the year of MSFT's IPO. that is why the same share (which of course has split many times) is worth...
  16. W

    zero sum game?????????????

    "Fair enough, but the stock market does not create wealth, the economy does." correct. but in the LONG TERM (we are all dead ha ha), prices in the stock market reflect the value of those companies, which is a reflection of the value OF the economy. the reason why MSFT is worth many many...
  17. W

    No where else to turn

    i also think that if you are a beginning trader, there are plenty of "small name" stocks to trade on an intraday basis that are superior to big names like AAPL, INTC, etc. if u trade the big name stocks you are competing with the best traders in the world. get a list of a few smaller name...
  18. W

    zero sum game?????????????

    do you understand that economies GROW wealth please compare the real wealth of the lowest income quintile NOW vs. 100 yrs ago. (or any income quintile for that matter). where does this wealth come from? does it come from other people (which it would have to if it was a zero sum game)...
  19. W

    YM Traders

    a great way to practice trading methodology on the YM is to trade DIA while you are learning. DIA, at $1 per point is like a mini-mini-dow. personally, i traded DIA for 6 months before i made a YM trade. it's a great way to develop a trading system. with paper trading, you eliminate...
  20. W

    zero sum game?????????????

    the market is a zero sum game? lol. spare me. our economy generates wealth. as does the stock market (which reflects, in the long run, our economy).
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