George Soros: future is not only onknown, it's unknowable

short&naked · Jul 20, 2009

Quote from crgarcia:

Soros is not a trader.

He is an investor (and sometimes a market manipulator).

WRONG! He shorted the GBP in the early 1990s. Get your facts straight.

short&naked · Jul 20, 2009

Quote from crgarcia:

Equilibrium applies best only to markets that deal with known quantities. But financial markets deal with quantities that are not only largely unknown but unknowable. They discount a future that is contingent on how the financial markets assess it at present. The appropriate concept, in my view, is reflexivity, not equilibrium. Reflexive processes are not just unpredictable; they are genuinely indeterminate because the outcomes depend on the predictions that investors have made. The process may be self-correcting, in which case you tend toward equilibrium, or it can be initially self-reinforcing but eventually self-defeating, in which case you have a boom and a bust.

http://www.geocities.com/ecocorner/intelarea/gs5.html

Great. You gave us the definition of a bubble (a la Soros)

This still does not change the following facts:

1. You tried trading the SSO and failed.
2. You keep assuming that others will fail because you failed.
3. You are changing reality to suit your own definition of what you think it should be.
4. You are a spammer.
5. Nobody gives a shit about your posts.

crgarcia · Jul 21, 2009

Quote from short&naked:

2. You keep assuming that others will fail because you failed.

Most will fail (and this is 100% predictable) because the odds are vastly against short term traders.

This has nothing to do with me.

short&naked · Jul 21, 2009

Quote from crgarcia:

Most will fail (and this is 100% predictable) because the odds are vastly against short term traders.

This has nothing to do with me.

No. Most fail due to overleveraging. That is why the success rate is higher for stocks than with futures.

And indeed this has nothing to do with you. So why do you care?
Stop telling others what to do and go value invest.

short&naked · Jul 22, 2009

Quote from crgarcia:

Most will fail (and this is 100% predictable) because the odds are vastly against short term traders.

This has nothing to do with me.

Look. You are correct in saying that most will fail day trading. However, there are so many approaches between day trading and value investing (which at least for the moment does NOT work).

There are high probability strategies in trading. More likely than not, most involve reducing risk and cutting down on order size.

R. Raskolnikov · Jul 22, 2009

CRGARCIA is a LOSING trader.

Losing traders almost always think that it's a scam because they couldn't figure it out. It's the only way they can accept failure. It must be impossible right?

crgarcia · Jul 23, 2009

Quote from R. Raskolnikov:

CRGARCIA is a LOSING trader.

Losing traders almost always think that it's a scam because they couldn't figure it out. It's the only way they can accept failure. It must be impossible right?

Virtually all short-term traders are losers.

In the long run, only investors remain.

R. Raskolnikov · Jul 23, 2009

I'm sorry that you have not figured out how to consistently profit from intra-day gyrations, year in and year out. Some of us have, most haven't. That's how it goes.

Quote from crgarcia:

Virtually all short-term traders are losers.

In the long run, only investors remain.

short&naked · Jul 23, 2009

Quote from crgarcia:

Virtually all short-term traders are losers.

In the long run, only investors remain.

Let me ask you a question: Whom are you trying to convince???

milimabuse · Jul 23, 2009

Dear Raskolnikov,

don' t be too cocky...
you know what happens to your novel hero in the end..

hubris, denial, destruction