Marc Cuban on Day Trading

Quote from rateesquad:


Moderator







Wow...hostility
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Rateesquad -- What are you going to do about the threatening behavior? You're the moderator, are you not?
 
Tim, you are embarrassing yourself. Buy the dip market has ZERO to do with it. I personally love when we have strong down days, money is easier to make and much faster too. Fear moves markets down faster than greed moves them up. For some reason you dont seem to understand the concept of playing BOTH SIDES.

Its obvious to me that you are bitter at me for some reason, maybe I didnt respond to a PM of yours by accident and now you come back as a new alias to trash me on ET. No worries on my end, it doesnt matter to me what you think about my experience level or trading ability for you do not know me at all.

I have to put you on ignore, you are doing nothing more than trying to get a rise out of me and personally I dont like to associate with negative people. Especially ones who dont know anything about daytrading but pretend they do.

Quote from timvodas:

Come on Steve. You failed to answer my questions.

You have only been in the business since 2004 and you make yourself sound like a pro. Why not disclose your real experience in this field? The fact of the matter is that your nothing more then a prop shop hero with 3 years under your belt during a buy the dip market.

If there is anyone who is clueless, you need not look any further but the mirror. Right now your a young kid living on the bulls not the brains. Your too inexperienced in this industry to understand what Im talking about.

We'll see how you do when things change prop shop hero. The truth is that you only know how to trade one market and when things thats all she wrote...
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The only time I heard anything from Marc Cuban was when he went on CNBC during the 2000-2002 bear market to announce how he was short "a truckload" of tech stocks. I noted this with interest as I was pretty long at the time. Within 2 days the market began one of its biggest rallies since the Great Depression.

Thanks for the liquidity Marc.
 
Honestly, I have no emotions or "bitterness" for any reason. Im not some rookie 20-something year old with a few years of experience who plays expert trader on a message board.

The fact is that you only have a few years experience in this game and act like you have seen it all. You started out in 2004, had a few lucky years during a strong uptrend and now your on here like the spokesman of the trading world. I really have to laugh!!!


Quote from Steve Tvardek:

Tim, you are embarrassing yourself. Buy the dip market has ZERO to do with it. I personally love when we have strong down days, money is easier to make and much faster too. Fear moves markets down faster than greed moves them up. For some reason you dont seem to understand the concept of playing BOTH SIDES.

Its obvious to me that you are bitter at me for some reason, maybe I didnt respond to a PM of yours by accident and now you come back as a new alias to trash me on ET. No worries on my end, it doesnt matter to me what you think about my experience level or trading ability for you do not know me at all.

I have to put you on ignore, you are doing nothing more than trying to get a rise out of me and personally I dont like to associate with negative people. Especially ones who dont know anything about daytrading but pretend they do.
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Warren Buffett is number 2...

http://www.forbes.com/lists/2007/10/07billionaires_Warren-Buffett_C0R3.html

Quote from myminitrading:

I no one billion air, he went to school with my dad. He made his money buying business, building them, then selling them.

He just sold his banks to Citigroup 18 month ago, for 700 million. Before that he built up a cable business, and sold it.

NoW he flys around europe in a Gulfstream V.

Look up Forbes richest, alot of these mega rich people made it in oil.

NONE WERE TRADERS!
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Quote from myminitrading:

I no one billion air, he went to school with my dad. He made his money buying business, building them, then selling them.

He just sold his banks to Citigroup 18 month ago, for 700 million. Before that he built up a cable business, and sold it.

NoW he flys around europe in a Gulfstream V.

Look up Forbes richest, alot of these mega rich people made it in oil.

NONE WERE TRADERS!
More...


There's a difference between usual and trading industry. It takes hundreds and thousands of staff, enormous management efforts and time to make a usual company worth billions of dollars. But in trading there could be as few as one person trading for himself, and still making millions.
 
Quote from Sethaholic:

QUESTION: How much time do you spend day-trading?

MARC CUBAN: None, zero. I think only idiots day-trade. Over the last 10 years the business of trading stocks has been very specialized. There is more professional brainpower and money applied to picking stocks than ever before. Anyone who thinks they can beat the market day-trading over the long term is just waiting for their luck to run out.

http://www.midasoracle.org/2007/08/24/marc-cuban-on-day-trading/
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Mark Cuban has NO CLUE about how money is made trading...
But then he is not a Pro Trader... is he?

Most trading firms never "pick stocks"...
Or make directional bets...
Unless they have inside information or position.

Firms grind out consistent profits through some form of market neutral arbitrage.
 
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