Lessons from a failed trader

taowave · Feb 1, 2021

Value is Boring???
Burry was in the eye of the Subprime and GME hurricanes..

You an adrenaline junkie??

zghorner said:
value investing is boring and day trading is literally just too fucking hard...somewhere in the middle is juuuuuust right.

sef88 · Feb 1, 2021

themickey said:
LF mentions it was not consistent

Noted. Didn't mean to be condescending.

taowave · Feb 1, 2021

My bullshit meter just hit record levels never seen before and likely never to be seen again..

100 dollar invested is worth 10 mil.

1000 brought him 100 mil..

And the dude is slugging it out for lunch money???

Only on ET..

again

tsznecki said:
So you admit you didn't buy it. So why did you say you made the 100000% return then?

https://www.elitetrader.com/et/threads/i-have-to-say-investing-beats-trading.354581/#post-5292845

There's also the bigger question, with all that money why do you have to trade for "lunch money"?

tsznecki said:
Hold on @padutrader either your father bought it or you did. Both cannot be true.

#BullshitDetected

sef88 · Feb 1, 2021

taowave said:
My bullshit meter just hit record levels never seen before and likely never to be seen again..

100 dollar invested is worth 10 mil.

1000 brought him 100 mil..

And the dude is slugging it out for lunch money???

Only on ET..

again

Pretty entertaining though.

tsznecki · Feb 1, 2021

So @padutrader are you a liar or a fraud? Or both?

FTDK · Feb 1, 2021

tsznecki said:
So @padutrader are you a liar or a fraud? Or both?

He has been exposed as a liar many times before on this forum, so i can't really say i am surprised that he is doing it again.

maxinger · Feb 1, 2021

smallfil said:
I only use technical analysis and I have an Accounting Degree mind you. Every hear of the accounting scandals? Forgot the year where it came out, but, it showed me that figures cannot be trusted when the accountants tasked to audit the books of the company purposely, do not audit their books and certifies their financial statements as reflecting accurately, their financial position? Utter garbage. Technical analysis, you do not know how to use it, which is your problem. You got into trading half assed and did not have a means to measure your progress? What could go wrong? Everything? At a minimum, you needed proper risk management, risking no more than 2% per trade and taking no more than 5 positions to limit your risk. Add to that a trading journal. I guess you never had one or were too lazy to record your trades so that, you can review them? So, how can you correct your mistakes if you do not know your mistakes? Now, CNBC, Bloomberg, news stories, trolls in social media are not there to give you accurate information but, to mislead you. Ask yourself what are the financial relationships of those companies to hedge funds, big investors, etc.? Conflict of interest ring a bell? Stockcharts are the purest form of reliable information out there. Why? Think about what those candlesticks represent on a daily chart? That is all the trading and positions taken by traders in that stock. There is no hocus pocus to mislead, lies and disinformation from media and trolls. Which would you rather use knowing all these?

excellent points mister.
Don't trust the financial reports.
don't believe what the news reporter says.
only trust our charts.

smallfil · Feb 1, 2021

maxinger said:
excellent points mister.
Don't trust the financial reports.
don't believe what the news reporter says.
only trust our charts.

Thanks. You only have to look at CNBC whose hacks tells you the stockmarket is about to crash one day only, to reverse themselves and say we have a strong bull market in the span of days?

maxinger · Feb 1, 2021

smallfil said:
Thanks. You only have to look at CNBC whose hacks tells you the stockmarket is about to crash one day only, to reverse themselves and say we have a strong bull market in the span of days?

CNBC is one of the worst.
When I read the CNBC news, I have to keep reminding myself

' The news reporter works slowly '
' The news reporter will take time to get the facts right '

On the other hand, we suppose to read CNBC news a day or two later.
we have to give them lots of time to get the facts right.

taowave · Feb 1, 2021

99% of the time,you can trust financial reports...

Just like price bars,Its your interpretation that counts

maxinger said:
excellent points mister.
Don't trust the financial reports.
don't believe what the news reporter says.
only trust our charts.