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

alexandercho · May 4, 2009

Quote from alexandercho:

Also, technical analysis is just one of many tools I use to predict the market. Idiots Wells Fargo is a good company that's why I also went into call options on it. It's also a stock Warren Buffet worships. Seriously, I'm not an "either - or" investor whereas most of you on this forum are.

I invest using:
Technical
Fundamentals
News
Economics

Most traders are either pure fundamental or pure Technical. Or they make their decisions based upon the news only. Unlike you morons who think I trade only technical analysis let me tell you something.

I explored more than one avenue of the trade.

News - Berkshire reports positive earning reports, and everyone trusts the words of Warren Buffet. Berk could be an index unto itself due to the wide array of businesses it owns.

Fundamentals - Wells Fargo beat consensus earning estimates, Wells Fargo's stock price is $5 below BV per share. Warren Buffet worships the stock and bought into it.

Technical - The Price is over the 5,10,25,50,75,100 day moving average. MACD also had it above the 0. The Relative Strength Index indicated it was neither overbought nor oversold. The Foreign Markets had massive rallies.

Economic - The short and mid-term trends have turned up and the long-term trend tends to follow it once the mid and short term trends turn up, this has been proven accurate ever since the great depression.

Overall I explored every facet of my investment before I walked into it. This is the true definition of a professional trader. Something only morons and trolls can dream of.

On Sunday you never even considered all of this, all you guys do is yap a lot and don't know a thing about having a 360 degree view on trading. That's why I say a lot of you are amateurs and don't have much room to criticize me for using technical analysis because like I said it was only a portion of the data I use to make smart, big, and successful trades.

theonlyone · May 4, 2009

Quote from alexandercho:

here's a link to my rankings, here's my proof on Investopedia. I do something similar in real life but I wont disclose that kind of information openly. However I will direct you to a public domain where you can view me.

http://simulator.investopedia.com/home.aspx

Also, join the simulator the term "no rules" is basically stating that their are no false limitation put on your trades that the simulator deems appropriate to limit risk. Technically speaking these counter measures don't exist in real life and likewise it is by far the most realistic simulation.

Anyhow, my 29million won't be updated until tonight, then you'll see the evidence.

Also I have 2011 Wells Fargo Call Option Contracts to exercise before 2011 that are easily worth north of 75million.

OK so you're a paper trader, now it all makes sense.

alexandercho · May 4, 2009

Quote from theonlyone:

No it doesn't, I successfully tape read short term. MACDs/MAs/RSIs and most tech analysis is for retards. Longer term, I look at other factors.

I just told you that technical analysis is only ONE FORM of my analysis. I cover every single base before I go into a trade. If all the bases are covered and my instincts aren't moving with it I won't move an inch. After thorough analysis I will walk into a trade after my instincts give the "go ahead sign"

alexandercho · May 4, 2009

Quote from theonlyone:

OK so you're a paper trader, now it all makes sense.

I told you I do something similar to what I do on that simulator in real life.

alexandercho · May 4, 2009

Quote from R. Raskolnikov:

Why you gotta be acting the bitch? You're nothin more than a corner boy acting like he all hard and shit but when some nigga put a gun in his face, he punk out.

This has nothing to do with wangsta war fare. Also, I might get punked out when I get a gun in my face but unlike you I would never punk out from a good trade as long as my instincts are with it. Your just a troll who sucks at investing your part of the 90% who fail so get lost.

alexandercho · May 4, 2009

Theirs really no such thing as luck, the only thing that exists on the other side between success and failure is your intuition, knowledge, experience, and how much you can tolerate before you piss your pants and run to your mommy.

alexandercho · May 4, 2009

Trading is like a box of chocolate. If you are late you are going to get the piece no one else wants.

theonlyone · May 4, 2009

Quote from alexandercho:

Trading is like a box of chocolate. If you are late you are going to get the piece no one else wants.

You're not Forrest Gump, you're not Warren Buffett. You're nobody. Just shut up.

alexandercho · May 4, 2009

Quote from theonlyone:

You're not Forrest Gump, you're not Warren Buffett. You're nobody. Just shut up.

I'm not a nobody, but you are. Lol, I show you evidence and your still trolling. Ahahaha, hey trash get lost. You don't have any measurable accomplishment to compare yourself against me, loser.

alexandercho · May 4, 2009

Quote from theonlyone:

You're not Forrest Gump, you're not Warren Buffett. You're nobody. Just shut up.

Also, if your going to make me shut up, give me a full analysis of today's data and give me an accurate prediction of what tomorrows trading session is going to be like, and maybe I'll acknowledge you and I'll keep my mouth shut. I've proven to you guys on numerous occasions what a trading day is going to be like, before it even occurs. You on the other hand have no track record like that and you have no way to prove it either :eek: :eek: :eek: