My first post; some observations on trading.

Quote from abc1:

Interesting philosophy but a bit flawed (no offence intended.)

You are never buying or selling the company; you are buying or selling their shares (UK) or stock (US)

ABC1 [/B]
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Is there another way of buying or selling a company then with their shares?.......
 
Quote from Mercor:

Is there another way of buying or selling a company then with their shares?.......
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I suppose you could count derivatives but again they are derived from the underlying stock price.

The point I am making is that stock price does not necessarily mirror the performance of the company.

ABC1
 
Quote from alex.samant:

this thread is truly enlightening :D LOL
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It's a bit difficult to be enlightening when the majority of people who reply fall into the 99% I was referring to in my first post.

Is there a section on this forum where finance professionals generally gather ? I'm looking for intellectual debate.

ABC1
 
Quote from abc1:

More importantly is my ultimate belief that there is no skill or secret to trading; that trading is pure chance. I have yet to meet anyone who could convince me otherwise.
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You have to decide what you want out of this thread. Did you post it so the hundreds of losers could just agree with you, or did you want to learn that you are wrong so you can change your beliefs and become a real trader?

You have been in this biz a short time and haven't been exposed to anyone willing to share anything of value with you. Basically, you have surrounded yourself with losers so your beliefs are understandable. Now,going back to my first point, when a few winners come to your thread and tell you that you are flat out wrong what are you going to do with that info? Just dissmiss us? The P/L thread is there for everyone to see...it can't really be denied any longer that trading is not luck or chance. That's actually the purpose of the thread in the first place....for people like you.

So it's up to you...keep hanging out with the losers or be willing to change your attitude then maybe some winners would actually take the time to show you what trading is about.
 
Is there a section on this forum where finance professionals generally gather? I'm looking for intellectual debate.
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This is ET, pal. We don't do intellectual debate.

H
 
Quote from Dustin:

You have been in this biz a short time and haven't been exposed to anyone willing to share anything of value with you.
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Short time ? Definitely not. Or are you referring to the forum ?

Quote from Dustin:Basically, you have surrounded yourself with losers so your beliefs are understandable. Now,going back to my first point, when a few winners come to your thread and tell you that you are flat out wrong what are you going to do with that info? Just dissmiss us? The P/L thread is there for everyone to see...it can't really be denied any longer that trading is not luck or chance.
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Where did I say I have surrounded myself with losers ? You misunderstand.

I'm posting my observations on trading based on real life experience. It was supposed to generate some healthy debate about chance in trading. It was never meant to be a personal attack on anyone.

As for P/L, I have never said it is impossible to be profitable although the odds are against you on every trade because of comission alone.

However suggesting a correlation between P/L and trading skill is another thing altogether.

My belief is that it is chance as nobody, insider traders apart, knows what will happen to the stock, index, futures or whatever price next.

ABC1
 
Quote from hcour:

This is ET, pal. We don't do intellectual debate.

H
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Hmm... it's beginning to look that way.

That said I have found some interesting posts.

ABC1
 
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