I should have my head examined for responding, but this will not be the first incredibly stupid thing i've done. Garcia, first you should recognize that you are dead wrong. There are some day traders that do make money, and likely much better money than you will make as a long term investor. If you are buying in a recession, as you say, and planning to hold for a long time, than I hope you are not investing mostly in mature economies, because if you are, you will only make good money in nominal terms, as inflation will give you a poor risk to reward ratio. On the other hand if you are a very good long term investor you may hope to do as well as a very good day trader. Both very good day traders and very good long-term investors are relatively rare. I suspect you are neither.
I, crgarcia, posted profitable real-time trades. And I challenge frequent traders!
- Thread starter crgarcia
- Start date
Quote from Fireplace:
Nah, I don't think so.
Why not? That's exactly the kind of worthless middleman job that I thought he was doing. They are everywhere in economy, people use them for tasks they don't want to get involved in or they think they don't have enough expertise in, but they should easily be avoided with a little work from both parties. His job is only to persuade people that it really is a job. For sure he needs social skills for such bullshitting...
Not saying you didn't but the market is usually full of people that bought around the lows and made BIG.
These are normally always the same people that 'saw it all coming' and sold out right before it collapsed.
And what do 90% of these people have in common? They all LOVE to tell people about it.
PS. I sometimes wonder who takes all the losses in this business
Quote from crgarcia:
My god, You don't believe me?
Don't tell me so, because I'll be so in sorrow that I won't be sleeping or eating well...
Oh, the rat that keeps avoiding my challenges is back.
I don't understand your challenge to him. You are betting $50K you will lose money?
"cgarcia "I'm no fool, you can display fabricated profits on your computer screen.
I have no time to watch daytraders lose money."
You won't be losing money watching me if I lose money you idiot, if I am losing money you are winning the bet. Bet me $50,000 that I will lose money in WHICHEVER week you choose. I keep calling you out of your excuses, I have nothing to hide, everyone that knows you know you have a lot to hide."
"cgarcia "I'm no fool, you can display fabricated profits on your computer screen.
I have no time to watch daytraders lose money."
You won't be losing money watching me if I lose money you idiot, if I am losing money you are winning the bet. Bet me $50,000 that I will lose money in WHICHEVER week you choose. I keep calling you out of your excuses, I have nothing to hide, everyone that knows you know you have a lot to hide."