Time for a stock market crash

[sasguru]

You could well be the poorest spiritually.

How do you know?

[sasguru]

If the markets were random, why would we have so many so called "investment" banks making trades from milliseconds to months in duration? They would all have closed shop years ago.

That is quite a naive question but I will try to answer it fairly.
First of all stock trading is a small part of IB business.
Secondly I'm referring to chartist methods of picking stocks, I hold stocks based on very simple ideas of intrinsic value over the long term.
This is as good an explanation as any - also read the classic "A random walk down Wall street".
http://www.chicagobooth.edu/faculty/...apers/sp16.pdf

[SantaClaus]

Santa Claus makes a living as a trader. You got the push from your last job and cannot get another one.

Maybe you have been out in the heat for too long. Time to go back inside. Your cage.

[SantaClaus]

That is quite a naive question but I will try to answer it fairly.
First of all stock trading is a small part of IB business.
Secondly I'm referring to chartist methods of picking stocks, I hold stocks based on very simple ideas of intrinsic value over the long term.
This is as good an explanation as any - also read the classic "A random walk down Wall street".
http://www.chicagobooth.edu/faculty/...apers/sp16.pdf

Forget all that crap. Just have a look at this guy to see that trading is not random. He often trades live with 100 lots at a time.

Trade it, Don't Date it - live streaming video powered by Livestream

Just because you can't do it, doesn't mean it isn't possible. Of course, having a big ego will mean you can't take losses, so unfortunately my friend, trading isn't for you.

[BrilloPad]

How do you know?

From your posts.

[sasguru]

Just because you can't do it, doesn't mean it isn't possible. Of course, having a big ego will mean you can't take losses, so unfortunately my friend, trading isn't for you.

It's very simple my friend. If you have found a method to predict stock market prices you should be a millionaire in about a month simply by reinvesting your profits in your system.
So are you?

[sasguru]

From your posts.

and your posts show a beacon of spirituality?

[SantaClaus]

It's very simple my friend. If you have found a method to predict stock market prices you should be a millionaire in about a month simply by reinvesting your profits in your system.
So are you?

You are such a plonker. Anyone who becomes a millionaire in a month from trading is over-leveraging.

[fckvwls]

It's very simple my friend. If you have found a method to predict stock market prices you should be a millionaire in about a month simply by reinvesting your profits in your system.
So are you?

Surely, all you need is a method that works the majority of the time to get rich in the long run and not a guarantee such as you describe. That way, with discipline and tenacity you can do very well whilst minimising your risks for when the "method" fails due to unforeseen factors.

[SantaClaus]

Surely, all you need is a method that works the majority of the time to get rich in the long run and not a guarantee such as you describe. That way, with discipline and tenacity you can do very well whilst minimising your risks for when the "method" fails due to unforeseen factors.

You don't even need to be right the majority of the time. If your "edge" gave you on average 1:1.5 risk/reward, you could win even with less than 50% win rate.