Where did the "90% are losers myth come from?

[Big Money]

Spanish89,

I am surprised someone who openly flaunts that he doesn’t pay his bills, says he makes money (no comment) and still thinks he has any credibility of any kind with regard to money matters or trading is pretty comical to me. And yet after all that, he still thinks his advice is worth something. Talk about a disconnect with reality.

As you say, “Yet they seem to think that the act of them merely ''not losing money'' means that they are now an expert trader who is skilled and experienced enough to lecture others on forums!!” Lecturing others about anything let alone trading and your expert opinions is certainly the pot calling the kettle black.

My advice is change your user name. Best of luck with you’re “trading” or swing trading. I thought I had already added you to ignore but that can be quickly rectified.

Best of luck

BM

 

[spanish89]

Quote from Big Money:

Spanish89,

I am surprised someone who openly flaunts that he doesn’t pay his bills, says he makes money (no comment) and still thinks he has any credibility of any kind with regard to money matters or trading is pretty comical to me. And yet after all that, he still thinks his advice is worth something. Talk about a disconnect with reality.

As you say, “Yet they seem to think that the act of them merely ''not losing money'' means that they are now an expert trader who is skilled and experienced enough to lecture others on forums!!” Lecturing others about anything let alone trading and your expert opinions is certainly the pot calling the kettle black.

My advice is change your user name. Best of luck with you’re “trading” or swing trading. I thought I had already added you to ignore but that can be quickly rectified.

Best of luck

BM

LOL

K well ive kept an online journal on here for roughly 9montsh now where ive live-called all my trades and posted dail screenshots,
which proved that i turned a starting capital of £759 into earning, withdrawing, and spending over £30,000 profit within 6months!!


You however is just some random sap who no-one knows anything about or gives a toss about!!



So go back to your mums basement and learn how to trade prik

 

[alexandercho]

Quote from TraderZones:

Quote from alexandercho:

Ehehehehe, it's funny that my 7th sense managed me massive gains and secured me a bunch of call contracts on wells fargo at 17.50 strike for a cost .05 per contract. As soon as I exercise my option contracts ...

Not to be negative, but don't confuse luck for skill. One big trade is called "statistically insignificant." But ignore Sushi - he seems mentally disturbed

But I will direct you to a public domain where my trading is simulated. I'm on Investopedia and I'm ranked 3rd in Market Wizards 1 Mil no rules

I didn't see any competition called "Market Wizards" when I signed up through the link you provided. What is your user name there?

it's their, just keep scrolling down through the games, also I'm ranked third in that game.

 

[alexandercho]

Quote from Sushi:

Ok you win. Now go back to your crystal ball and tea leaves. Bye bye

I don't use crystal ball and tea leaves, I'll make another prediction just for you and I'll be correct for Monday as well. I'm just good at analyzing markets, sorry to burst your bubble. Also, I have another 100million dollars worth in call options at 17.50 strike for 2011 of January for Wells Fargo to be exercised.

I'll tell you why Monday will be a great day, Berkshire Hathaway has posted positive earning reports, the short and mid-term trends have gone up. This method of analysis has worked every time since the great depression. If the mid and short term economic trends go up the long term trend will move up. This economic reports, Berkshire Hathaway profit reports will also make the market go up.

Why? Why? is Berkshire so important, I'll tell you why, it's because Berkshire owns a diversified group of businesses, it could almost be it's own index because of the wide array of businesses. If Berkshire goes up that means that the recession is starting to build up more momentum for a bullish rally.

Also, In anticipation for this I spent 10million more on $20 call options, although this time I'm not going to bother exercising them, instead I'll just sell them for a 300-400% profit. As it is, theirs to much good news on Wall Street. People may be skeptic of Bank of America, and Citigroup but no one on wall street will doubt the words of Warren Buffet.

Sucks for you sushi each prediction I make continually become accurate. It's not tea leaves, it's just an ability to predict market movements. I make big gains, lose small money and then make up for it with an even bigger gain. I'm the short term version of Warren Buffet. I like the style and it kicks your rear end all the way to Tokyo, where you serve your retarded sushi in a sushi shop.

 

[alexandercho]

wow, even more support to my argument, the world markets are rallying. The Hang Seng is up 500 points. Whoa, and here I though I'm a mystic when all I do is know how to analyze the psychology, economics, and fundamentals of companies. I'm an "idiot?" I'm not a trader who reacts I'm the Proactive type of trader.

To add more support the Dow closed above it's 5,10,15,20,50,75, and 100 day moving average.

The Moving average convergence indicator indicates that the market has a strong bullish signal First, the MACD is above the signal line, a 9day moving average. Second, the MACD is above 0.

The Relative Strength Index is neither over bought or over sold.

 

[alexandercho]

Just face it sushi, my prediction has a 99% of being correct. Also, I will become first eventually.

The only reason why you beat down on other traders is because you don't have what it takes to predict market movements, and react before the actual event takes place. Understanding the market before it actually occurs isn't rocket science, it's just moving with the trend beforehand to make big fat gains that small fries like you can only dream of.

 

[Sushi]

What arrogance. The market destroys arrogance.

Wait. Fake money. Market still destroys arrogance. It's going to knock you down young man

 

[theonlyone]

Claiming to be a short term Warren Buffett and then talking about MAs, MACDs, and RSIs and predictions.



LMAO

 

[Sushi]

markets gonna eat that guy alive. Haven't seen such braggado since the tech bubble.

 

[alexandercho]

ahahahha, my WellsFargo Call Options appreciated 54%

Idiots the market went up 200 points. I told you my prediction was going to be correct. I'm not a lucky person, I'm just good at putting money where my mouth is.

Sushi, you just got served on a sushi platter.

I never said anything about long term investing, I'm just willing to risk large sums of money in a short period of time, unlike Buffet he'll risk large sums of money for a long period of time.

Regardless I win