Exactly. That's actually how my story went with that one.
Gotta think bigger than a S&R level sometimes.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Traders make pennies, Investors make dollars
- Thread starter athlonmank8
- Start date
Exactly. That's actually how my story went with that one.
Gotta think bigger than a S&R level sometimes.
Quote from Joab:
For every AAPL there are 3000 wanna bee's
AAPL is only AAPL after the fact.
Then why do almost all my picks go up and make new highs if the odds are so stocked against investors?
To make money, avoid buying crappy stocks. It seems a lot of people have a habit of buying lousy stocks.
who makes millions? I guess it's not traders or investors, so who is it?
Quote from athlonmank8:
There's tons of truth to this.
Some advice for the new people.
I've seen too many TA posts around here lately. TA is a way to get in, but not always a way to take profits if you're up.
Especially if you're investing. AAPL going from 10 to 200, think of all the times TA would have told you to sell your gains.
Common sense and fundamentals (direction) say hold the whole way.
Need to start placing a little less weight on technicals if you want REAL success.
Fundamentals.?? and common sense. Like sombody else said, APPL is only APPl after the fact, for every Goog there are 300 Doubleclicks. (which Goog just bought).
So can you tell me which are next years Rimm, Goog and Bidu.
EF
Quote from robbie380:
how do you guys think paulson made billions off of subprime? fundamentals and a trade that had very limited risk with extremely high reward.
[/B]
Paulson was underwater, on his subprtime short for over 6-8 months. Any type of investor who uses proper money management or trader obviuosly would of been stopped out. He let it go against him for almost 1 year. you can only do that if you have billions to trade with or have no inclination towards stop losses., Both bad idea, IMHO.
EF
This thread title should be changed to:
Traders make pennies every day. Investors make dollars 3 out of 4 years.
Hence, being a trader is far superior - less risk, more consistency, better compounding.
The only reason to stop trading and start investing is when you reach size constraints. 99.9% of all traders DREAM of being so good that running out of liquidity is their main problem.
Traders make pennies every day. Investors make dollars 3 out of 4 years.
Hence, being a trader is far superior - less risk, more consistency, better compounding.
The only reason to stop trading and start investing is when you reach size constraints. 99.9% of all traders DREAM of being so good that running out of liquidity is their main problem.
Quote from Eddiefl:
Paulson was underwater, on his subprtime short for over 6-8 months. Any type of investor who uses proper money management or trader obviuosly would of been stopped out. He let it go against him for almost 1 year. you can only do that if you have billions to trade with or have no inclination towards stop losses., Both bad idea, IMHO.
EF
yup. you caught that too?
That's something not many know. He basically was dead wrong on timing and he almost washed himself out because of it.
Seemed like a huge all or nothing bet
Quote from athlonmank8:
There's tons of truth to this.
Some advice for the new people.
I've seen too many TA posts around here lately. TA is a way to get in, but not always a way to take profits if you're up.
Especially if you're investing. AAPL going from 10 to 200, think of all the times TA would have told you to sell your gains.
Common sense and fundamentals (direction) say hold the whole way.
Need to start placing a little less weight on technicals if you want REAL success.
Most of these lame brains posting here are scalpers and day traders with no other sophisticated skills like options trading, indexes, investing and portfolio management. This the lowest rung ladder of wall street at work sort of last man on the totem pole.
Can you imagine you are at a party and someone asks you " What do you do for a living? " and You pause and grin and say I am a day trader I scalp Emini 's .... you know the rest of the story... the kind of expression on your newly met strangers face.
Glad some people are coming to the realization that trading for ticks is generally a waste of time and money.
Quote from Eddiefl:
Paulson was underwater, on his subprtime short for over 6-8 months. Any type of investor who uses proper money management or trader obviuosly would of been stopped out. He let it go against him for almost 1 year. you can only do that if you have billions to trade with or have no inclination towards stop losses., Both bad idea, IMHO.
EF
yes and his conviction with the fundamentals allowed him to continue the trade. granted, that kind of stuff can hang you but the guy was right and it was the biggest trade of all time...so give him some credit for having the balls to stick with it.
i'm not saying paulson is buffet but buffet has been way underwater in some "investments" as well and turned out very well on them. geico being one of them. on a complete tangent i want to say buffet is an amazing trader along with being a great investor. but back to the topic...
has ackman been green the whole time in his abk mbi shorts? i honestly don't know but i am going to guess no. and was it really a year for paulson? i thought it was closer to 6-8 months. either way he was convinced the reward relative to the risk was large enough that it justified him in the trade. he was correct on a major macroeconomic shift in the american/world economy so again you have to give the guy some credit even though he didn't nail the top.