so you want to trade against me, huh?

[dgabriel]

Originally posted by triple_j
I'll stay up until 4am Pacific drinking. Get 2 hours of sleep and walk in half drunk and hung over. Having done no reasearch and having read no news, I'll still make money.

Beleive it or not, its the Truth.

-triple

------------------

"real eyes see real lies"

Whatever you are drinking, send me a case of it.

 

[vladiator]

Originally posted by Eldredge



I don't think trading equities is a zero sum game. As a stock appreciates, more than one participant can realize a profit without anyone suffering an actual loss. I suppose the warrior, combatant psyche works well for some people, but I am more comfortable with just trying to make profitable trades than trying to "take money from the market", or beat the party on the other side of the trade. Don't get me wrong, if someone loses, I don't want it to be me, but I don't think someone else necessarily has to loose for me to win. So, if I get a good set up I will take the other side of your trade, and maybe we will both profit. Good luck.

Totally agree. People anyone trades against can still make money even that someone does, maybe just not as much as they would have otherwise.
With options, it's a different story..

 

[Brandonf]

In a casino the house always wins. The stock market is like the Vegas strip and there are many houses you can go to, and they all win regardless of your result. You have a number of houses, some bigger than others. Exchanges, SEC/NFA, Clearning Firm, Broker, Data Provider, Internet Provider, assorted scanning programs, newsletters and chatrooms. This is probably not a complete list, but you are up against all (or most) of these, all of them will win regardless of what your outcome is. So with regard to myself, I can say Im very confident in myself as a trader and I'm pretty sure I'm going to win, as for my teaching business, I know I will.

On a somewhat related sidenote, whatever fees you have try to get as many of them gauranteed as possible. For example, a broker that gaurantee's marketable orders or that if the system goes down they will cover you (very few, but some do this), of if you subscribe to a chatroom/newsletter one that will gaurantee you don't pay for poor performance (again not many, but there are a few..look around).

Brandon

 

[vladiator]

Originally posted by mr roboto
Personally, I could care less about how you prepare, or what you do. I am not competing against you. I have a well-tested and profitable method that makes me consistent money. The only thing that can hurt me is to deviate from my method. For that reason, my discipline (or lack of) is by far the biggest determinant of my bottom line. Therefore, I only worry about ME, and each day just do my best not to get in my own way by deviating from my method.
I get a chuckle out of newer traders that thump their chests like would-be warriors and talk about how they are going to battle the market, or other traders. I don't "fight" the market, I use it. I don't worry about other traders, because I can't control them.
I only try to control ME.

In other words, in my (nicely profitable) world, you are irrelevant.

I have a similar situation and I couldn't agree with you more man

 

[canuck]

you know, I can see how people see that it's like a war, at first glance. But if you're good, it feels more like a sheep herder. If you can see the sheep going one way, and you know once they hit that rock (support) they'll come back to point X, then you can use the herd thinking to profit from.

Also, too much of anything is bad. You can't be around trading 24 hours a day. Take a break. Spend some of that cash and have a drink

cheers

 

[Hofferino]

Originally posted by Brandonf
On a somewhat related sidenote, whatever fees you have try to get as many of them gauranteed as possible. For example, a broker that gaurantee's marketable orders or that if the system goes down they will cover you (very few, but some do this), of if you subscribe to a chatroom/newsletter one that will gaurantee you don't pay for poor performance (again not many, but there are a few..look around).

Brandon

I can't help but ask: I subscribe to your service. In response to this exact question -- i.e. do subscribers have to pay ($195) for losing months -- I received the response (at least this is how I understood it) that, yes, you still have to pay. There was no guarantee of success etc. (I refer to the broker-assist traded accounts.)

Here you imply that the "better" advisory services offer some kind of guarantee. That "you don't (shouldn't?) pay for poor performance."

Do you mean to say that you're not among the services that offer such a guarantee??

Where do you truly stand on this issue?

Sincerely,

Hofferino

 

[Publias]

Originally posted by AllenZ
In this little game of trading we tend to forget one thing.

The broker gets paid no matter what. This presents a scenario where there is really no big pot that everyone either takes from or adds to. If you trade commision free against other traders who do the same then perhaps you have a zero sum game.

But we dont, we play and we pay the house for the opportunity. When thinking about who it is you are trying to beat at this little game, remember you are playing against many opponents.

Other traders
Broker Fees
Yourself

I hope you win, I know I will.

AllenZ

Futures are as close to you will get to a "zero" sum game BUT you are absolutely right that it is a "minus" sum game...

Nice to see you on the boards Allen... Hope all is well with you...

 

[Publias]

Originally posted by Brandonf

On a somewhat related sidenote, whatever fees you have try to get as many of them gauranteed as possible. For example, a broker that gaurantee's marketable orders or that if the system goes down they will cover you (very few, but some do this), of if you subscribe to a chatroom/newsletter one that will gaurantee you don't pay for poor performance (again not many, but there are a few..look around).

Brandon

Brandon do you refund the subscription cost if you have a shitty month? I know Borsellino does this and IMO all rooms should do the same!

PEACE and good trading,
Publias

 

[Brandonf]

Originally posted by Publias


Brandon do you refund the subscription cost if you have a shitty month? I know Borsellino does this and IMO all rooms should do the same!

PEACE and good trading,
Publias

If I have a shitty month and its your first month of membership then I won't charge you fopr the chatroom. I see no reason you should pay for something that puts you in the hole. After the first month then you should have accumulated profits, and drawdowns are part of the game, but I do think that the first month when your risk is highest then there should be some sort of protection in for you.

Brandon

 

[Publias]

Originally posted by Brandonf


If I have a shitty month and its your first month of membership then I won't charge you fopr the chatroom. I see no reason you should pay for something that puts you in the hole. After the first month then you should have accumulated profits, and drawdowns are part of the game, but I do think that the first month when your risk is highest then there should be some sort of protection in for you.

Brandon

Thanks for the response... I was just curious and would never asked if I saw the post above made by one of your subscribers...
In my years trading I have only come across one service that will actually refund in full the entire subscription fee in the event of a losing month and that is Borsellino... I like that concept alot but you are right DD's are a part of the game...

PEACE and good trading,
Publias