Swing Trading VS. Day Trading

taowave said:
I hope so,he was a really good guy...

My bet it was an enormous mistake as he was "underqualified",getting paid close to 200k all in and 25% of his bonus was in stock....at a 25% discount...
More...
You are probably right but most 20 something, like our kids, won't listen.

Been there done that myself when I was a 20 something. I practiced "up or out" when I had my day job. After a few "out", I finally realized I would be much better off stayed in place instead of having to prove myself at a new place over and over again. Faster "up" often is not a better "up" if I were gunning for a top job.
 
wxytrader said:
I've read Natenburgs Options volatility and pricing so that's basically the depths of their knowledge.

Anyway they're not making any money worth mentioning. Option strategies are just playing both sides of the fence.You don't get rewarded for not taking risk.

That's why they blocked me because I'm the one driving a (2008) Lambo and all their knowledge doesn't help them. Trading is a futile endeavour if you can't get direction right. :)
More...
I see. :D:D:D

ROTFL :p:p:p
 
schizo said:
Yes, they do. Take these to heart, ya silly!

  1. "Learn to take losses. The most important thing in making money is not letting your losses get out of hand." - Marty Schwartz
  2. "The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance." — Ed Seykota
  3. "The most important rule of trading is to play great defense, not great offense." — Paul Tudor Jones
  4. "It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong." — George Soros
  5. "In trading, you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money." — Ray Dalio
More...

All nonsense...they aren't referring to stops. They even did a study on hedging and stop losses performed worse than hedging with puts or heading with futures...I can't find the article. BUT there is another article showing that if you bought spy at the worst times in history...ie before the great depression...before the financial crisis etc you would be up huge now if you just held.

I'd rather be down 5k on a position than be stopped out 50 times @ a $100 loss. Personally I like the quote that a stop loss doesn't prevent a loss...it guarantees one.
 
Last edited:
taowave said:
Not only cant you go back in time,but one has no idea how life would have turned out if one remained on the same path..

Easy to second guess,a bit more difficult to be appreciative for what we have in the moment
More...
I once tried to estimate the amount of damage - in financial terms - my failed adventure costed me (I was around 28 back then and ‘lost’ 4 years). Trying to estimate this with all the butterfly effects is ofcourse a rather foolish attempt, but if I had to put a number on it.. it would be that I would probably live in a house ~20-25% of higher value (other re and nlv not taken into account) now


And you don’t know the difference between a corrugated iron roof and a cardboard one till you experienced ito_O
 
Last edited:
wxytrader said:
All nonsense...they aren't referring to stops. They even did a study on hedging and stop losses performed worse than hedging with puts or heading with futures...I can't find the article. BUT there is another article showing that if you bought spy at the worst times in history...ie before the great depression...before the financial crisis etc you would be up huge now if you just held.

I'd rather be down 5k on a position than be stopped out 50 times @ a $100 loss. Personally I like the quote that a stop loss doesn't prevent a loss...it guarantees one.
More...
Yeah, whatever. :rolleyes: Sorry, but my time would be better spent elsewhere.
 
wxytrader said:
I've read Natenburgs Options volatility and pricing so that's basically the depths of their knowledge.

Anyway they're not making any money worth mentioning. Option strategies are just playing both sides of the fence.You don't get rewarded for not taking risk.

That's why they blocked me because I'm the one driving a (2008) Lambo and all their knowledge doesn't help them. Trading is a futile endeavour if you can't get direction right. :)
More...
From which guys do you think you got your second-hand lambo from? :cool:
 
Thats not bad at all...


Zwaen said:
I once tried to estimate the amount of damage - in financial terms - my failed adventure costed me (I was around 28 back then and ‘lost’ 4 years). Trying to estimate this with all the butterfly effects is ofcourse a rather foolish attempt, but if I had to put a number on it.. it would be that I would probably live in a house ~20-25% of higher value (other re and nlv not taken into account) now


And you don’t know the difference between a corrugated iron roof and a cardboard one till you experienced ito_O
More...
 
Zwaen said:
I once tried to estimate the amount of damage - in financial terms - my failed adventure costed me (I was around 28 back then and ‘lost’ 4 years). Trying to estimate this with all the butterfly effects is ofcourse a rather foolish attempt, but if I had to put a number on it.. it would be that I would probably live in a house ~20-25% of higher value (other re and nlv not taken into account) now


And you don’t know the difference between a corrugated iron roof and a cardboard one till you experienced ito_O
More...
One very big advantage of your failed adventure is no regrets later in life.

Instead of keep wondering all the what ifs in your old age, you can honestly tell yourself that you had tried and therefore, no regrets.

A 20% bigger house in the grand scheme of things is insignificant.

I had many failed ventures, adventures, but at this stage, no regrets because I tried many harebrained ideas I cooked up when I was young. None, including the current day trading, turned out too well but that satisfied my itches.
 
You must log in or register to reply here.
Back
Top