College Graduate

[govno]

Quote from Ms Varima-Garch:

leaving aside your groundless accusations, can i ask a personal question?

why would anyone want to call themselves "govno", which stands for "shit" if i remember my russian correctly?

you have only six posts, a modest portfolio

Govno is Italian slang dude, and my post is valid, you give too much advice

 

[bighog]

There is a huge difference between the University of Chicago, located in Hyde Park and the University of Illinois, Chicago campus.

 

[TraderZones]

Quote from showyouwang:

The random walk hypothesis is a joke. The markets are not efficient, as emotions cause people to do irrational things. .

The random walk is not a joke and the markets are very efficient. Current thinking is that it is random "with a drift" - it does trend some.

Very few major firms can even outperform the annual increase in the stock market of say 7%. In other words, they basically ride the natural longterm rise in the market, and few can get anything above that without unnatural risk.

But none of your words prove anything. Beliefs and opinions are worthless to prove, debate or explain anything

The fact that very few traders are lucrative, for a long time, with good statistics (Sharpe, Profit Factor, Max DD, etc.) makes the efficient market argument far more compelling than you state.

Or one can look at the thousands of web/fax/email/phone and other trading advisories. Over 99% of them do not work.

VERY few people have a serious outperformance edge that persists. The best answer? No one says COMPLETELY efficient, but certainly the markets are VERY efficient.

 

[Smart Money]

Quote from showyouwang:

The random walk hypothesis is a joke. The markets are not efficient, as emotions cause people to do irrational things. I say this both as a trader and an academic. The sooner you can grasp this the sooner you can take money out of the markets. You are right on one thing though, ET is strictly for entertainment purposes.

Yep. I love the story about the economist who saw a $20 bill on the ground, but ignored it because he figured that if there really was a $20 bill on the ground, someone would have picked it up already.

By analogy, my thinking is to try to figure out where $20 bills would be most likely found and how to identify when they will drop.

SM

 

[sjfan]

Sigh... and of course, the reality is the $20 is on the floor because it's a fluke - it fell out of someone's pocket. Meanwhile, you spend the next 10 years conveniencing yourself that every time a red car passes a blue car, another $20 will appear.

Your sin is far graver than an academics.

Quote from Smart Money:

Yep. I love the story about the economist who saw a $20 bill on the ground, but ignored it because he figured that if there really was a $20 bill on the ground, someone would have picked it up already.

By analogy, my thinking is to try to figure out where $20 bills would be most likely found and how to identify when they will drop.

SM

 

[Smart Money]

Quote from sjfan:

Sigh... and of course, the reality is the $20 is on the floor because it's a fluke - it fell out of someone's pocket. Meanwhile, you spend the next 10 years conveniencing yourself that every time a red car passes a blue car, another $20 will appear.

Your sin is far graver than an academics.

Maybe the red car is an ambulance and the blue car is a police car. And sometimes when that happens, it means there's been an accident, and there might be loose money blowing around.

Might actually work if you could search all red car-blue car passing with the speed of a computer. Not that I condone ambulance chasing for cash.

 

[sjfan]

Yeah... sure, you see a $20 on a floor, and this is the line of thought that's worth risk/reward effort?

... or, you can just go get a job rather than chasing after unlikely and unstable fact patterns. This sort of thinking is pretty symptomatic of retail "trader" thinking.

Quote from Smart Money:

Maybe the red car is an ambulance and the blue car is a police car. And sometimes when that happens, it means there's been an accident, and there might be loose money blowing around.

Might actually work if you could search all red car-blue car passing with the speed of a computer. Not that I condone ambulance chasing for cash.

 

[TheROTrader]

This is the most pointless thread i have ever read. you are all a bunch of idiots with nothing better to do but waste my time

 

[makloda]

Quote from TKORL:

and so I'm looking for firms with a training program and a place where you don't need to bring in your own capital. My main focus is just learning to trade for the next couple of years.

So in other words you're looking for a weekly paycheck while your burn through somebody elses money as you're "learning"?

Good one

 

[Kassz007]

Quote from Smart Money:

Yep. I love the story about the economist who saw a $20 bill on the ground, but ignored it because he figured that if there really was a $20 bill on the ground, someone would have picked it up already.

By analogy, my thinking is to try to figure out where $20 bills would be most likely found and how to identify when they will drop.

SM

Great analogy. I like it.