I have never seen a better trader than

Quote from FinStat:

mr market,

you are an embarrassment to your alma mater.
More...

This is food for thought. Since Wharton only excepts candidates of superior intelligence, doesn't it make sense then that traders from Wharton would be superior traders. To say otherwise would mean that trading does not require superior intelligence.
 
Quote from gms:

This gets easy enough to distill given the voluminous content of the thread. Here's my go at it:

Ernie Barsamian seems to be the kind of guy who thinks that playing the market means picking "hot" stocks, being proved right about his selections, predicting future prices, and wants to let others know it. Professional traders, who make up some of this thread, may or may not have above average egos, but they understand the markets as a different concept that has more to do with reacting to price rather than predicting it, that it's not about being right but about probabilities, more TA than fundamental analysis, and use of money management technique (position sizing, stop losses, et al) that runs apparently counter to Mr. Barsamian's MO. The spirit of Mr. Barsamian's website and posts suggest heavily the same character as those on Motley Fool, that being the world he comes from, regardless of any MBA.

The problem with using screens a la Motley Fool, and what they don't seem to understand over there, is, when one selects equities based on criteria such as, 'top 100 stocks with best Relative Performance 26 weeks > narrow down to Top 50 with EPS up 10%' and so on, one ends up with issues that have already seen their big moves. By getting in at that point, one may end up riding whatever is left, and that may be somewhat profitable if there's anything left, but it's very late getting in. That may account for the miniscule returns, and large losses, evidenced by those practicing that mode of screen selection. (See http://backtest.org/ct/20030523.html for example. One of many weekly posts by someone who actually wrote a "backtesting" engine for the Motley Fool screens, and seemingly one of the top guys in their Mech. Investing forum. While equities have been rising as of late, this person has been losing... and losing for years. It should be noted in fairness that Mr. Barsamian's claims are favorable compared to those, even if his returns are not considered considerable. ) The other problem is that those screening methods only stop is a time exit of sorts, that is, you get out when the next screen run, which may be a month or a year later, no longer spits out the stock in question, which makes for a very risky trading procedure.
More...



While I agree with your thought....if the Traders methods were so great...why are 70% of the daytrading firms and nearly 85% of the traders gone from the market? there eis no one , proven concept...there is a time and a place for each and every technique. I grab pennies, some go for the fences and others position or swing trade.....whatever floats your boat, at the end of the day it's about $$$ Did you make it or lose it??...I'll reserve personal revelation here :mad:
 
Quote from indahook:



WHAT THE F&*%$!!!!! TM, you never fail to make me crap my pants...
More...

He is a funny bird.

If MM had slipped out of NFI, I would have rolled him into KMX yesterday. I was out of HO and rolling along a couple of days ago.

LOL I hold SAPE too.
 
he's not ernie parmigian. He stole the identity from a guy named ernie who went to wharton. That's a fact.

You ever not like a person, and in some sick, perverted way, you get even?. well, mr market doesn't like the real ernie, so he does this.

mm, too bad you didn't go to wharton. but its sure fun to pretend!

hey, penn st. aint bad!

ps since mm wants a long thread, and thinks a long thread shows his popularity, i'm dropping out now. with my final words, "mrmarket is a LIAR!"
 
Quote from TM_Direct:



Ok so what's next? Where do you think the dow is headed from here? and since you asked for it, here it is....Mr.market is Back and is bigger, badder and hairier then ever!!!:D
More...
My GOD. That is sooo f*cking hilarious man!
Mr.Market - Discovery of a disgraceful, primitive species.
Or: "The other Spiderman"

TM - My compliments man - but could you please publish an edited version with him sleeping in meats & cheese?
Seems to work well for hairgrowth, mr.market :p


Well, I'd say I'm pretty sure the dow is gonna be up...
On the SPX, right now, I reckon on the 5-min bar the candle's only gonna hover nicely a few dots above the 100EMA - Great time to buy the dip before it rallies again :P ...

... LOL. With the benefit of hindsight it's great to pick great trades! ...
Isn't it, MR.MARKET?

Imagine him desperately studying all the charts in the history of trading, to find his examples for the best trades ever made.

"... HMMMM.... If I'd entered here... and exited ... wait - there! Right! That would've made me ( ... use big colourful calculator with foamy buttons that talks ... ) ... 40% in 3 days! Fantastic. I'll put that on my website. I'm a genius. Mr.Market is H*U*G*E!"

"miiiyumyumyumm let's have some more cheeeese!" - Spew - Regurgitate vomit - Yiyumyum.


A hail to TM_Direct!
~Scientist.
 
Quote from jack hershey:



He is a funny bird.

If MM had slipped out of NFI, I would have rolled him into KMX yesterday. I was out of HO and rolling along a couple of days ago.

B]
More...



Only thing you slipped on was the leakage from your bladder bag but don't worry you can just call into you "medical alert" badge and let them know " you've fallen and you can't get up"
:D :D
 
Quote from mrmarket:

myself. I am the best stock picker on the planet. I now have 17 consecutive profitable trades of 15% or better. My group is now up to 435 members. Investors from all over the world are flocking to my site:

http://groups.yahoo.com/group/mrmarketishuge/

Pay homage to $$$MR. MARKET$$$ for he rules the markets.
More...


Sounds Great! The guys here are all for those types of profits. We forwarded your url to the SEC and NASD first just to make sure we don't get taken. I'm sure you understand.

http://www.sec.gov/investor/pubs/fakeseals.htm
 
Quote from Nordic:




Sounds Great! The guys here are all for those types of profits. We forwarded your url to the SEC and NASD first just to make sure we don't get taken. I'm sure you understand.

http://www.sec.gov/investor/pubs/fakeseals.htm
More...


That makes sense.....LOL!...You got Martha, Enron and Wcom defrauding investors with the help of the largest wall street firms like Merrill and citing/solomon, you have NYSE specialists taken off the floor in cuffs and ....they are going to drop this to verify 53 consecutive profits in a row LMFAO!!!!:p :p I can hear it now:

" release martha, we gotta get this hairy guy from jersey who is reeking havoc on the financial industry"!!!!!:eek:
 
Quote from mrmarket:


To say otherwise would mean that trading does not require superior intelligence.
More...

I disagree. I am a successful trader and the only education I have received is 4 years in the U.S Marine Corps. All that you require to be a great trader is a superior work ethic, the ability to admit you are wrong, discipline, a thirst for knowledge and a bank roll.
 
You must log in or register to reply here.
Back
Top