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Cutting losses is for losers
- Thread starter mrmarket
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Mrmarket, I used to find you a bit entertaining, but you last statement about "idiot daytraders cutting their losses" really upset me. I do cut my losses as fast as possible, trying not to let the position go against me even a tick. You can call me an idiot, but I've been trading for 3 years now without a single losing month, having periods as long as 2-3 months without a single down day.
I personally don't care about your style of trading, but I find it extremely disrespectful for you to come to daytrading community and call its members idiots.
I personally don't care about your style of trading, but I find it extremely disrespectful for you to come to daytrading community and call its members idiots.
Quote from 50_luma:
Mrmarket, I used to find you a bit entertaining, but you last statement about "idiot daytraders cutting their losses" really upset me. I do cut my losses as fast as possible, trying not to let the position go against me even a tick. You can call me an idiot, but I've been trading for 3 years now without a single losing month, having periods as long as 2-3 months without a single down day.
I personally don't care about your style of trading, but I find it extremely disrespectful for you to come to daytrading community and call its members idiots.
slow down speedy....when I posted "idiot daytraders" I was using the word "idiot" as a noun, not as an adjective. As a result, the phrase connotes "an idiot who happens to be a daytrader" rather than a description of all daytraders...
comprende?
Quote from mrmarket:
So...if a stock I purchase moves into negative territory, that's not a problem. They almost always come back to provide returns superior to the S&P 500.
Like everyone else, investor will make mistake and have to cut loss. It's good that you have not made mistake so far. But even Warren Buffett made mistake. If I were you I would be more careful. I know a guy made money for two years and lost all in one mistake. Good luck!
How many of you here are going to fall for Mr. Markets "false arrogance". Let me explain what I mean....ERNIE BARSAMIAN (aka Mr. Market) is a Wharton MBA Graduate. Don't believe for one moment that his true personality is anything close to this arrogant, brash, persona he tries to portray on this and many other message boards over the internet. What ERNIE BARSAMIAN (Mr. Market) is using is a technique of marketing that he most definitely has learned about via one of the required marketing classes of his Wharton M.B.A. program. That marketing method is a time-tested and proven technique of playing the ANTAGONIST. He is the villain, the guy you love to hate. That you want to fail, that you wish would see himself the way you see him and admit his own faults and apologize for his behavior. IT WILL NEVER HAPPEN...BECAUSE HE IS NOT LIKE THIS IN REAL LIFE!
Why does he use these techniques, very simple answer:
It promotes high thread count and awareness of his site and methods. Now the next question might be what is his ulterior motive, does he even have one? Answer: Who really cares whatever it is its not important.
Lastly concerning, his stock picking methods. They are sound and they have been marketed to many for decades. Most notably by Willaim O' Neil when he coined phrased the CANSLIM method. It is logical that over the long run earnings will drive up the price of stocks, that is the long term underlying reason why stocks increase. I applaud him for having the dilligence to go comb through the Investors Business Daily (or whatever paper he uses) from A-Z and look for the next stock in which the "E" is increasing at a faster rate than the "P" in the equation PE. Not many would take the time to do this and it is a method that works. I myself trade for a living, although many years ago I also used the same treasure hunting techniques ERNIE BARSAMIAN (Mr. Market) is using currently. It does work bottom line.
In summary, this will be my first and only post to this thread no matter how ERNIE BARSAMIAN (Mr. Market) decides, if at all, to respond to this. I'm sure it will be much of the same, either way good luck to ERNIE BARSAMIAN (Mr. Market).
P.S. I'm sure ERNIE BARSAMIAN (Mr. Market) will ultimately repsond that he is sharing ideas etc etc and people are coming to see him....because a smart antagonist never lets down his marketing guard!
Why does he use these techniques, very simple answer:
It promotes high thread count and awareness of his site and methods. Now the next question might be what is his ulterior motive, does he even have one? Answer: Who really cares whatever it is its not important.
Lastly concerning, his stock picking methods. They are sound and they have been marketed to many for decades. Most notably by Willaim O' Neil when he coined phrased the CANSLIM method. It is logical that over the long run earnings will drive up the price of stocks, that is the long term underlying reason why stocks increase. I applaud him for having the dilligence to go comb through the Investors Business Daily (or whatever paper he uses) from A-Z and look for the next stock in which the "E" is increasing at a faster rate than the "P" in the equation PE. Not many would take the time to do this and it is a method that works. I myself trade for a living, although many years ago I also used the same treasure hunting techniques ERNIE BARSAMIAN (Mr. Market) is using currently. It does work bottom line.
In summary, this will be my first and only post to this thread no matter how ERNIE BARSAMIAN (Mr. Market) decides, if at all, to respond to this. I'm sure it will be much of the same, either way good luck to ERNIE BARSAMIAN (Mr. Market).
P.S. I'm sure ERNIE BARSAMIAN (Mr. Market) will ultimately repsond that he is sharing ideas etc etc and people are coming to see him....because a smart antagonist never lets down his marketing guard!
that's one sad commentary on their MBA program.
Quote from Harry123:
How many of you here are going to fall for Mr. Markets "false arrogance". Let me explain what I mean....ERNIE BARSAMIAN (aka Mr. Market) is a Wharton MBA Graduate. Don't believe for one moment that his true personality is anything close to this arrogant, brash, persona he tries to portray on this and many other message boards over the internet. What ERNIE BARSAMIAN (Mr. Market) is using is a technique of marketing that he most definitely has learned about via one of the required marketing classes of his Wharton M.B.A. program. That marketing method is a time-tested and proven technique of playing the ANTAGONIST. He is the villain, the guy you love to hate. That you want to fail, that you wish would see himself the way you see him and admit his own faults and apologize for his behavior. IT WILL NEVER HAPPEN...BECAUSE HE IS NOT LIKE THIS IS REAL LIFE!
Why does he use these techniques, very simple answer:
It promotes high thread count and awareness of his site and methods. Now the next question might be what is his ulterior motive, does he even have one? Answer: Who really cares whatever it is its not important.
Lastly concerning, his stock picking methods. They are sound and they have been marketed to many for decades. Most notably by Willaim O' Neil when he coined phrased the CANSLIM method. It is logical that over the long run earnings will drive up the price of stocks that, is the long term underlying reasons why stocks increase. I applaud him for having the dilligence to go comb through the Investors Business Daily (or whatever paper he uses) from A-Z and look for the next stock in which the "E" is increases at a faster rate than the "P" in the equation PE. Not many would take the time to do this and it is a method that works. I myself trade for a living, although many years ago I also used the same treasure hunting techniques ERNIE BARSAMIAN (Mr. Market) is using currently. It does work bottom line.
In summary, this will be my first and only post to this thread no matter how ERNIE BARSAMIAN (Mr. Market) decides, if at all, to respond to this. I'm sure it will be much of the same, either way good luck to ERNIE BARSAMIAN (Mr. Market).
Thanks for your insightful analysis of my psychological profile. Ummmm.....isn't this forum about sharing investor ideas? That's what I've been doing, apparantly quite successfully given the number of people who have decided to tune into my threads.
Now then...I've re-read your post several times. What exactly is your point??
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