Cutting losses - not the best idea
- Thread starter mrmarket
- Start date
I have thought the same Romeo. When mrmarket talks about his 43 consecutive profitable trades, there is the implication that in his last 43 stock purchases all are winners. This of course is not true, Mrmarket has just chosen to sell 43 of the stocks he is holding that have gone up 15% or better. He might have had bought the stock of 90 companies or who knows how many in the time frame and is sitting on losses on the others.
The endless empty self promotion is getting a bit old to me. Can you imagine if mrmarket has a son and that he has to live in the shadow of such a man?
I think someone said it best back on another thread..."Are you guys still feeding this troll?"
Not true, I have never disguised the fact that of my last 54 trades, 43 are closed winners, 6 are open winners and 5 are open losers. That makes 49 winners against only 5 losers.
Where did you get "90 companies" from? If sitting on 5 losers can yield 49 winners, I'd say that was a very effective strategy.
<<<<Roger Hershey
Member
Registered: Jun 2003
Posts: 64
06-21-03 03:15 PM
Good that your here mrmarket
First, DGabriel makes a good point (as much as I hate to admit that) "Mr. Market is proof that a bull move will give a monkey with some longs the delusion that he has conquered the markets."
Now I will show why. Mr market recommends COH @ 51, he says it's going to 59. Well mr market, I bet I understand things alittle better than you. I say it goes to 45 before it goes to 57 (both are 6 points away). So it's a bet.
If I am right and COH goes to 45 first, you come to this board and admit your mistake, for a change. Then you truthfully explain about how you hold onto all your losing positions, and never discuss those on this board in depth. You talk about how they would halt any so called winning streak you love to brag about. If you have an education, you understand this, and will do this.
AAA, you think this is funny? Not really, the fact that they let this stay here, but ran off Johnny Rotten, shows someone is missing a good sense of humor. There's a huge class difference.
And this guy, who's pretending to be a Wharton grad called Ernie, is not close to JR's league.
__________________
say bye-bye to Sam, Vinny, Nolan, Abra, LeonJ, ronbgelf & Jim Radid (my apologies if I forgot a few). All booted off the site, only to return.
All 7 say that persistance is essential to success.>>>>
I'd like to give Roger Hershey credit. He said that COH would hit 45 before it hits 57. Well I guess he may be right since COH is now approaching 45...... (after its 2 for 1 split of course!!!).
Ha Ha Ha Ha!!! I murder me. This guy challenged me to a bet and he didn't have the testosterone to give me credit.
$$$MR. MARKET$$$ rules!!
Member
Registered: Jun 2003
Posts: 64
06-21-03 03:15 PM
Good that your here mrmarket
First, DGabriel makes a good point (as much as I hate to admit that) "Mr. Market is proof that a bull move will give a monkey with some longs the delusion that he has conquered the markets."
Now I will show why. Mr market recommends COH @ 51, he says it's going to 59. Well mr market, I bet I understand things alittle better than you. I say it goes to 45 before it goes to 57 (both are 6 points away). So it's a bet.
If I am right and COH goes to 45 first, you come to this board and admit your mistake, for a change. Then you truthfully explain about how you hold onto all your losing positions, and never discuss those on this board in depth. You talk about how they would halt any so called winning streak you love to brag about. If you have an education, you understand this, and will do this.
AAA, you think this is funny? Not really, the fact that they let this stay here, but ran off Johnny Rotten, shows someone is missing a good sense of humor. There's a huge class difference.
And this guy, who's pretending to be a Wharton grad called Ernie, is not close to JR's league.
__________________
say bye-bye to Sam, Vinny, Nolan, Abra, LeonJ, ronbgelf & Jim Radid (my apologies if I forgot a few). All booted off the site, only to return.
All 7 say that persistance is essential to success.>>>>
I'd like to give Roger Hershey credit. He said that COH would hit 45 before it hits 57. Well I guess he may be right since COH is now approaching 45...... (after its 2 for 1 split of course!!!).
Ha Ha Ha Ha!!! I murder me. This guy challenged me to a bet and he didn't have the testosterone to give me credit.
$$$MR. MARKET$$$ rules!!
A comprehensible response from MR. Mark-it ? Wow !
More responses like this might make people actually listen to you: Why not show us you are worthy of our attention by publishing - or stating your publication record ?
More comments like this and less "meat and cheese", and "I'm the greatest.." type of posts and perhaps someone will take you seriously ..... Right now you are still in the comic relief column in my book ....
How to play the market like Mr. Market.
Step 1) Pick ANY trading system you wish to trade
Step 2) Take EVERY long signal
Step 3) Close all long positions that hit 15% profit
Step 4) Hold on to any stock that hasnt hit 15% forever
Step 5) Post how many wins you have in a row, while ignoring all "open", AKA LOSING, positions
Result: Guaranteed 100% win rate
Result: X wins in a ROW, all the time
One tiny little problem: Actual return on equity per year - Completely unknown
peace
axeman
Step 1) Pick ANY trading system you wish to trade
Step 2) Take EVERY long signal
Step 3) Close all long positions that hit 15% profit
Step 4) Hold on to any stock that hasnt hit 15% forever
Step 5) Post how many wins you have in a row, while ignoring all "open", AKA LOSING, positions
Result: Guaranteed 100% win rate
Result: X wins in a ROW, all the time
One tiny little problem: Actual return on equity per year - Completely unknown
peace
axeman