The psychology of the ET contrarian indicators

[Rearden Metal]

Quote from shortie:

interesting how the guys who got the most votes are the same person.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=163407

Holy crap, I truly never saw that one coming!

I would have never guessed Stock Trad3r and Port were one and the same, since he really does alter up their 'personalities'.

Trad3r practically never gets belligerent- even in response to direct insults... while port goes around deliberately picking fights.
Multiple personality disorder like that movie? "Me, myself and port1385"

 

[Thunderdog]

Quote from Pa(b)st Prime:

...Solid traders don't ascribe to price action. They have a reason-often based on price-to make a trade but they whole heartily embrace the notion of random outcomes. I worked for a guy from the CBOT who was considered a top market timer. He sold his research to J.P. Morgan, BAC and a half dozen hedge funds. During a cold streak he kept shorting Bonds on weakness only to see the market snap right back. We were clearing through the old Chemical Bank and I remember Chemical's Long Bond trader telling me "we love market timers because you're the only selling below value we see." That line taught me a lot...

Oh, and another thing.

Keynes's apt observation, that markets can stay irrational longer than you can remain solvent, is often repeated in this forum. With this in mind, how do you explain your relative disregard for price action? And if you are not specifically trying to time price action, then what are you trying to time, and how do you go about it? Are you trying to capitalize on other people's rational behavior, their irrational behavior or the intersection of the two? Can you see why I'm confused?

As for the Chemical guy who loved market timers because they were the only ones selling below value, are you suggesting that markets should be traded solely on the basis of rational fundamental criteria irrespective of price action and market sentiment? Let's hope that you're not leveraged when you do so -- Keynes, and all that. I think a more accurate assessment is that the Chemical guy liked market timers when they weren't timing well or in the proper time frame.

 

[lilduckling]

Quote from stevesbg:

Speaking of again and again

Is there a reason you like to set yourself up to get your ass kicked verbally EVERY time you post?

Personally I wouldn't choose to do this time after time, but you seem to enjoy it, and I am guessing you have a real masochistic streak to you....honey....

Sorry if I am wrong, but you are either a girl (a not very bright girl) or a very effeminant male (not that there's anything wrong with that).

Either way I am always glad to oblige you and by the way

It seems to me that no one (except other trolls) gives a damn about your silly little vendetta with Steve46. One wonders however why you don't take your dumb ass over to Traderslaboratory and post your pointless remarks directly to that gentleman.

Perhaps one verbal ass whipping at a time is all you can take.

Now I am really bored with this crap and I prefer to watch Tele

Since apparently you are now my bitch, I suggest you go back to whatever silly little chore you were doing (perhaps painting your toenails) until I need another laugh.

Welcome back