Do you trade this with good results? I tried this as one of my earlier research but could never make it consistently work.
Casino gambler flops :Paulson's fund lost 46 %
- Thread starter oilfxpro
- Start date
Do you trade this with good results? I tried this as one of my earlier research but could never make it consistently work.
I recently sat across the table from a NYSE exec who complained about "those damn traders" wreaking havoc with is 401k.
And he did this without a hint or irony or self-awareness.
They're insulated/isolated from nuances of real life
Quote from RangeTrader:
Trading is the art of tricking stupid people out of their money.
The purpose of manipulating price upward is to attract buyers. How many buyers are attracted on the move determines how long the manipulators will let the move run before they take profits and short the move back down to collect stops before the next trade sequence.
The purpose of the movement of price is the transfer of money from one persons hands to the other.
Unlike normal trading in the real world... In stock market trading price is lifted to artificial levels and people are sold shares at overpriced values, then price is dropped back down and they panic out and the shares are bought back by the original parties forming support... In addition the group running the stock like to establish shorts and push it down from it's high if possible and cover them also helping form the support accumulation area.
That is trading.
The reason price retraces continually as it trades in a direction especially in futures is that stops need to be collected on both sides of the market continually. So price presses up and down in sequences as it trends.
If price were to move steadily in a direction a move is generally unhealthy or "parabolic"... Developing so many trailing stops and weak longs that when it starts to retrace it blows off violently.
Even though many people believe there is a set group of manipulators like there was in stocks back in the 30's and 40's... Nowadays I think we have a set percentage of people... 5-10% of people in an instrument who understand and help run the market patterns together following the same rules like a wolf pack.
Anyone who is an outsider to the game just gets shredded.
Read the Taylor Trading Technique... He understood how the market trade sequencing process worked very well.
That is a really good explanation I think. I was thinking along similar lines where you could say equity markets are just instruments that large institutions/big money utilize to buy at wholesale prices and sell back to the public. Of course, not everything always works perfectly.
Maybe this is what happens when he can't load the instruments he is shorting with duds. 
When he's doing it without some GS back-loading help, he seems kinda lousy at it...
When he's doing it without some GS back-loading help, he seems kinda lousy at it...
Quote from MarketMasher:
Maybe this is what happens when he can't load the instruments he is shorting with duds.
When he's doing it without some GS back-loading help, he seems kinda lousy at it...
Fuckin idiot
If you sat on Goldman's lap , you would be a billionaire by today , not fucking losing your own money , but other people's money ..They would give inside information and package toxic assets to short in your favour.
When you sit on their lap .you can smell Blacknfiend's underwear , without Gucci .
Bloody clueless moron.
They even bought the SEC
You wanna be a trader?or a fuckin moron?
http://www.youtube.com/watch?v=85lpWoESHUM
Exactly.
He did it once - but can't do it any more.
So he is losing and losing and losing.....
Hahahahahaaaaaaaaaaaaaaaa............................
I look at trading as professional gambling with the added benefit of providing liquidity for long term investors. I just want to be the casino when I trade.
That said, everybody gambles everyday. Every time you take a ride in your car you are betting that a tree won't come crashing down on you. Professional gambling is about finding an edge, even if it's a small one, and minimizing the chance of going broke to a near zero probability through proper risk management.
That said, everybody gambles everyday. Every time you take a ride in your car you are betting that a tree won't come crashing down on you. Professional gambling is about finding an edge, even if it's a small one, and minimizing the chance of going broke to a near zero probability through proper risk management.
Quote from MarketMasher:
Maybe this is what happens when he can't load the instruments he is shorting with duds.
When he's doing it without some GS back-loading help, he seems kinda lousy at it...
You do understand that Paulson made more money for himself betting on Financials and Gold during the recovery than he did shorting subprime.
He is NOT a one hit wonder by anymeans. He was in Gold before it became the fad.
He was in gold after the event.He is a one hit wonder of Goldman's SEC subpoena.
Gold was already up 150 % in 2009 ,before he went in.
http://www.dailyfinance.com/2009/11...n-paulson-rushes-into-gold-but-investors-sho/