Snype's short term trades in the stock market •$$$$$•

[HASH GORDON]

LOL! What an example! That BP "thing" is something that happened once in a lifetime!
You don't get those obvious situations every day.

I was willing to listen to any reasonable opinion. Clearly your advice doesn't fall into that category.
Every time I pay attention to the news I see opportunity. It doesn't have to be BP.
It can merely be Obama coming out to say something negative about the market in general. That's fairly regular. It also fairly predictable.

Obama talks about the market, the market dips. Not laser point accuracy, but accurate enough to pick up a few good buys.

Invariably, within a few days the market recovers from those "minor" insults.

Once again an opportunity to make money.

Stories that come out about earnings, joblessness, mortgages....etc......all of them have almost the same linear predictability.

If you don't see that, I'd suggest a pair of glasses. Maybe one of those old ear horns geezers used to use wouldn't hurt either.

 

[RetroGrow]

I'd be skeptical of any person telling me to stay away from the market "in general" - that is some of the stupidest shit I have ever heard.. regardless of what moves and shakes a market, it is up to the investor to analyze all the forces-at-play before buying..

retrogrow, u say u have been trading for 30 years, and for 30 years you were not good at it.. maybe what u have is discouraged investor syndrome.. ya kno.. ppl fall but u gotta get back up.. whats important is that everyday there r stocks rising and falling, if you can get on one for the ride.. man, u can make some money.. wether ur 12 or 60, a girl or a man.. but just stop telling ppl that trading is bad.. let them findout for themselves with their own 200 bucks, it will be an educational lesson for em.. heck.. some may be naturals and go off to be fat rich..

Your comments are laughable.
You obviously know nothing about the stock market.
You play penny stocks.
That alone tells me all I need to know, without even considering all your other foolish statements.
It's also obvious you have no experience trading and no money.
So, good luck with your penny stock schemes, but you are doomed to lose.
You are not a trader, that is plain to see.
So let's see some of your "trades" before you make them.
Oh!
That's right. You can't, because you are BS.

 

[RetroGrow]

I was willing to listen to any reasonable opinion. Clearly your advice doesn't fall into that category.
Every time I pay attention to the news I see opportunity. It doesn't have to be BP.
It can merely be Obama coming out to say something negative about the market in general. That's fairly regular. It also fairly predictable.

Obama talks about the market, the market dips. Not laser point accuracy, but accurate enough to pick up a few good buys.

Invariably, within a few days the market recovers from those "minor" insults.

Once again an opportunity to make money.

Stories that come out about earnings, joblessness, mortgages....etc......all of them have almost the same linear predictability.

If you don't see that, I'd suggest a pair of glasses. Maybe one of those old ear horns geezers used to use wouldn't hurt either.

The level of ignorance is astounding!
Post your trades ahead of time, and we can all see how much you are losing.
Gee, you mean people actually trade on "news"?
Thanks for the enlightenment!
Not!
Obviously another amateur.
Enjoy your losses!

 

[Sir_Nugget]

retrogrow, ur too much of a negative flaming idiot to converse with.. obviously ur so screwed and scared that all u do is tell people bullshit... YOU don't kno what f ur talking about, what is your credibility? I do not actively trade on the NYSE or any major index, but i do trade on the OTC daily which is just a stepping stone to those bigger markets..

All you have said so far is "your an idiot, you dont kno shit.. blah blah blah..." please.. if ur over the age of 30 u should b ashamed, cuz u sound like an angry woman.. and if all you got is petty insults, and no actual credibility.. then ur just a pain in the ass whiney bitch, who doesnt deserve to make a fucking penny in the market..

Im not gonna copy and paste my trade history, that is totally my private info... I have already told u what profitable intraday trades I have made yet all u come back with is " awww your an idiot"... If all you got is petty insults and no hard info.. then wtf r u? ur scum!

ou

 

[RetroGrow]

retrogrow, ur too much of a negative flaming idiot to converse with.. obviously ur so screwed and scared that all u do is tell people bullshit... YOU don't kno what f ur talking about, what is your credibility? I do not actively trade on the NYSE or any major index, but i do trade on the OTC daily which is just a stepping stone to those bigger markets..

All you have said so far is "your an idiot, you dont kno shit.. blah blah blah..." please.. if ur over the age of 30 u should b ashamed, cuz u sound like an angry woman.. and if all you got is petty insults, and no actual credibility.. then ur just a pain in the ass whiney bitch, who doesnt deserve to make a fucking penny in the market..

Im not gonna copy and paste my trade history, that is totally my private info... I have already told u what profitable intraday trades I have made yet all u come back with is " awww your an idiot"... If all you got is petty insults and no hard info.. then wtf r u? ur scum!

ou

You trade OTC, therefore you are an idiot.
I rest my case.

 

[RetroGrow]

The real dangers of daytrding:


Day Trading:
Your Dollars at Risk

Day traders rapidly buy and sell stocks throughout the day in the hope that their stocks will continue climbing or falling in value for the seconds to minutes they own the stock, allowing them to lock in quick profits. Day traders usually buy on borrowed money, hoping that they will reap higher profits through leverage, but running the risk of higher losses too.

While day trading is neither illegal nor is it unethical, it can be highly risky. Most individual investors do not have the wealth, the time, or the temperament to make money and to sustain the devastating losses that day trading can bring.

Here are some of the facts that every investor should know about day trading:

*

Be prepared to suffer severe financial losses

Day traders typically suffer severe financial losses in their first months of trading, and many never graduate to profit-making status. Given these outcomes, it's clear: day traders should only risk money they can afford to lose. They should never use money they will need for daily living expenses, retirement, take out a second mortgage, or use their student loan money for day trading.
*

Day traders do not "invest"

Day traders sit in front of computer screens and look for a stock that is either moving up or down in value. They want to ride the momentum of the stock and get out of the stock before it changes course. They do not know for certain how the stock will move, they are hoping that it will move in one direction, either up or down in value. True day traders do not own any stocks overnight because of the extreme risk that prices will change radically from one day to the next, leading to large losses.
*

Day trading is an extremely stressful and expensive full-time job

Day traders must watch the market continuously during the day at their computer terminals. It's extremely difficult and demands great concentration to watch dozens of ticker quotes and price fluctuations to spot market trends. Day traders also have high expenses, paying their firms large amounts in commissions, for training, and for computers. Any day trader should know up front how much they need to make to cover expenses and break even.
*

Day traders depend heavily on borrowing money or buying stocks on margin

Borrowing money to trade in stocks is always a risky business. Day trading strategies demand using the leverage of borrowed money to make profits. This is why many day traders lose all their money and may end up in debt as well. Day traders should understand how margin works, how much time they'll have to meet a margin call, and the potential for getting in over their heads.
*

Don't believe claims of easy profits

Don't believe advertising claims that promise quick and sure profits from day trading. Before you start trading with a firm, make sure you know how many clients have lost money and how many have made profits. If the firm does not know, or will not tell you, think twice about the risks you take in the face of ignorance.
*

Watch out for "hot tips" and "expert advice" from newsletters and websites catering to day traders

Some websites have sought to profit from day traders by offering them hot tips and stock picks for a fee. Once again, don't believe any claims that trumpet the easy profits of day trading. Check out these sources thoroughly and ask them if they have been paid to make their recommendations.
*

Remember that "educational" seminars, classes, and books about day trading may not be objective

Find out whether a seminar speaker, an instructor teaching a class, or an author of a publication about day trading stands to profit if you start day trading.
*

Check out day trading firms with your state securities regulator

Like all broker-dealers, day trading firms must register with the SEC and the states in which they do business. Confirm registration by calling your state securities regulator and at the same time ask if the firm has a record of problems with regulators or their customers. You can find the telephone number for your state securities regulator in the government section of your phone book or by calling the North American Securities Administrators Association at (202) 737-0900. NASAA also provides this information on its website at www.nasaa.org/QuickLinks/ContactYourRegulator.cfm.

Link:
http://www.sec.gov/investor/pubs/daytips.htm

 

[RetroGrow]

More on daytrading:

Daytrading Is For Suckers:

The numbers are by this point well known, but they're no less staggering for all that. Most estimates suggest that 80 to 90 percent of all day traders lose money. And that's in absolute terms: These people leave their day trading careers with less money than they had when they started. Those statistics say nothing about how many day traders lose money in relative terms, which is to say underperform the S&P 500. (If you do worse than an index fund, you're effectively losing money, because you can invest in an index fund with no labor or opportunity cost at all.) It's probably safe to say that less than 5 percent of day traders are successful, even without considering the opportunity cost of all the time and energy they have to put into their trading.


This is not, needless to say, surprising. Day trading is predicated on a fundamental misconception about the nature of stock prices, namely that they are somehow persistent and predictable. Now, some interesting academic studies in recent years have called into question the idea that stock prices move only in a pure random walk (i.e., they're as likely to go up as go down at any one moment). But the walk is effectively random, in the sense that patterns are incredibly hard to discern and basically impossible to take advantage of with any regularity. In order to succeed as a day trader over time, you have to be one thing: incredibly lucky.

The media sort of gets this. But the attacks on day trading have gotten too mixed up with concerns about the impact of online brokerages, the rise of individual investing, and the mania for Net stocks. These are distinct phenomena, and have nothing to do with what's wrong with day trading. In the long run, the impact of day trading on stock prices is negligible, and although the rise of the Net has facilitated day trading, in fact day trading as it's done at firms such as All-Tech and Momentum looks more like old investing than new investing, in this sense: The people who profit from day trading are not the day traders, but the firms that reap huge commissions from all the trading, just as old-line brokers tended to encourage people to trade to increase churn in their accounts and boost commissions.

The thing that is most remarkable about day trading, though, is the almost complete absence of a coherent investment theory that could justify the practice. If you read Warren Buffett or Peter Lynch or John Burr Williams, you get a clear sense of the principles that guide their investing. But if you talk to day traders and try to figure out why they believe they can beat the market, you don't get any real ideas. You just get a host of anecdotes about great trades. The press has exacerbated this problem by including in every article about day trading at least one character who says he's made hundreds of thousands of dollars. How he did it and why he doesn't get up from the table and walk away always remain unexplained. Let's face it. If you go into any casino, there's going to be someone there who's up many thousands of dollars. That may help us understand why people keep gambling. It doesn't help explain what gambling really means economically.

Finally, it's crucial to remember that day traders have the dubious advantage of playing with the house's money, since most firms will lend them up to 50 percent of their existing capital to buy more stocks with. That has two consequences: It increases risk, and it makes day traders' performance even less impressive. If you're wagering 150 percent as much money as you have, the profits when you succeed will be greater than otherwise. But so will be your losses. What day traders need to ask themselves is: If I had put 150 percent of my money in an index fund, what would my returns have been? But if they could ask themselves that question, they wouldn't be day traders.

http://www.slate.com/id/1003329

 

[RetroGrow]

Taiwan study:

"Nonetheless, using a tighter definition – investors who placed a minimum of $NT 90
million day trades in the prior six months, only 19 percent earn profits from their trading
activities in the subsequent six month period. In summary, even using a low commission
assumption of 7 basis points, more than eight of ten day traders lose money in they
typical semiannual period".

http://faculty.haas.berkeley.edu/odean/papers/Day Traders/Day Trade 040330.pdf

 

[RetroGrow]

"Individual investor trading results in systematic and economically large losses. Using
a complete trading history of all investors in Taiwan, we document that the aggregate
portfolio of individuals suffers an annual performance penalty of 3.8 percentage points. Individual
investor losses are equivalent to 2.2% of Taiwan’s gross domestic product or 2.8%
of the total personal income. Virtually all individual trading losses can be traced to their
aggressive orders. In contrast, institutions enjoy an annual performance boost of 1.5 percentage
points, and both the aggressive and passive trades of institutions are profitable."

http://faculty.haas.berkeley.edu/od...HowMuchDoIndividualInvestorsLose_RFS_2009.pdf

 

[RetroGrow]

"Day-Traders Lose Big, Still Live in Denial: 77% of American Traders are “Losers” While 82% of Day-Traders in Taiwan-China Are Bigger “Losers”"

"Behavioral finance researchers have studied the performance of stock market traders in both America and Asia. Interestingly, they discovered that traders in both countries under-perform the world’s broad markets by significant amounts. One study analyzed 66,400 accounts at a major Wall Street firm over a seven-year period. Another studied all the active traders on the Taiwan, China exchange.

In spite of the cultural differences, the results were virtually the same. Why? Due to the high transaction costs, taxes and bad decisions, the bottom line is simple: “The more you trade the less you earn.” In fact, about 80% of all day traders lose money. In researching the Americans, the study found that the active investors who turned over their portfolios 258% annually made less than 12% on their money. Passive investors who bought and held, with only 2% portfolio turnover, had average returns of roughly 18%, which is about fifty percent higher than the returns of the active investors. Still, investors believe they can “beat The Street,” simple because the Wall Street “Hype Machine” has programmed them to believe that myth.

It was billed as a “debate,” on a nationally syndicated show. Me, a buy’n’holder to the core, versus John Mauldin, author of the Bull’s Eye Investor and Millennium Wave Investments, a newsletter publisher and investment adviser. John’s a guy who’s not only pro-trading, he hates a buy’n’hold strategy with a passion. So why’s he against buy’n’hold? Well, a good part of the reason is he believes the market’s going nowhere for the rest of this decade, maybe longer. Volatile, risky, unpredictable. But, he ‘s convinced that by using active and aggressive strategies, you can beat the market.

Mauldin is so thoroughly convinced that if you don’t give up on a long-term buy’n’hold strategy and actively engage in alternative strategies (such as hedge funds, gold stocks and trading in value stocks), you’ll lose a lot of money and retire a pauper. So, who won the debate? Buy’n’hold or the hyper-active Bull’s Eye Investor? Nobody! In fact, nobody ever wins this debate. Nobody. Ever!

Different DNA? Then you better play a “different game”

Why? Probably because over ninety percent of American investors are born with a buy’n’hold gene. They are born as passive investors who instinctively tend toward well-diversified portfolios of low-cost index funds. They don’t have the time, or money or the interest in active portfolio management, nor do they trust in the market or in professional market experts.

Meanwhile, the DNA of other ten percent or less—those macho “Bull’s Eye Investors”—contains a rare over-confidence gene that pumps an “I’m-convinced-I-will-beat-the-market” drug directly into their veins and brains. Of course the odds are against them beating the averages, but that gene also contains a blocker that suppresses contrary negative information—even when they’re on a losing streak. The brain chemistry and psychological profiles of these two types of investors are world’s apart. If you listened to a debate between passive Main Street investors and Bull’s Eye Investors you’d think you were talking to two aliens, one from Mars, the other from Venus.

Warning, 82% of all day traders are losers! But deny it!

Moreover, never the twain shall meet. Each type of investor is as dogmatic as the other. DNA-based ideologies control each one, not rationality. Why? Their minds are made up in advance. Their opinions and beliefs were already cast in stone long ago. To each, facts about the other are totally irrelevant. Indeed, that was a given from the start, as I found out once again in our so-called debate. Here’s why: Just before this little debate we discovered some interesting new data from a BusinessWeek article.

The bottom line is simple—most traders are losers. Earlier, Forbes reported on a study that the “North American Securities Administrators found that 77% of day traders lost money.” Now comes more evidence, BusinessWeek was reporting that 82% of all day traders lose money. That data comes from a recent study by a couple professors at the University of Taipei working in conjunction with University of California behavioral finance professors Terry Odean and Brad Barber. And yes, that is the same Odean and Barber who researched 66,400 Wall Street investors a decade ago and concluded, “The more you trade the less you earn.”

In fact, their earlier study proved that the returns of passive buy’n’hold investors (with just two percent turnover) were a whopping 50 percent higher than the returns of the most active traders (averaging 258 percent annual turnover). Why? Very simple, transaction costs, commissions and taxes were killing returns.
In the new study four behavioral finance professors had access to all the records of the Taiwan Stock Exchange (TSE) for the 1995-1999 period. Not just 66,400 randomly selected accounts in Wall Street’s huge database of millions of clients, but all 100 percent of the traders on TSE, including their identities, a total of 925,000 investors. Assuming the DNA of a Taiwanese trader is essentially the same as the DNA of a trader at Goldman, Morgan or Merrill, the new Odean-Barber study results actually confirm what we already know, that market timing and day-trading are a loser’s game.

Dumb and dumber—and yet, they can’t stop losing

All this research also shows that the most active traders—a small group equaling about one percent of all traders—actually accounted for over half of all the exchange’s volume. However, while those guys did make money in their trading—after transaction costs were deducted they were net losers. The study actually went much deeper: Listen to this new bit of information about the strange self-sabotaging obsession traders have to lose money: The study separated the traders into six groups depending on their past successes. The researchers wanted to see if past winners repeated. The answer was yes, but at a very high cost:

– The average winning trader did in fact repeat as a winner, netting $251 a day after transaction costs. But overall, things were so bad that 82% of all the traders lost money, for an average loss of $45 a day.
– That’s right: Out of 925,000 traders in the study, about 750,000 of them were losers. And assuming 250 trading days a year, each trader lost roughly $11,250 a year for a total loss of about $8.4 billion annually.
– On the other hand, the 175,000 repeat winners each made an estimated $62,750 a year after transaction costs, for a total annual gain by the winners of roughly $11 billion. So even the small number of the top-performing traders made only $62,750 a year for all their risk-taking.

Big deal? It gets even worse. Remember, those study covered the manic trading days of the late nineties. Those were the heady go-go days of the great bull market when even 30 percent returns on funds were considered so-so. Those were the days when over a couple hundred funds generated returns in excess of 100 percent in 1999, many over 300 percent—the days when few lost money.

Chimp makes chump of best day-traders

Let me remind you of one very unique “competitor” in the trading world at the time: Raven the chimpanzee! Raven created a winning portfolio by throwing darts to pick stocks—regularly beating even hot portfolio managers returning 300% annually on the Monkeydex portfolio. So the joke’s on all of America’s hot-shot traders. And just in case you think this is just a cute joke, for several years The Wall Street Journal ran a regular contest pitting dart-throwing versus picks based on a comment made by Princeton Professor Burton Malkiel in his classic, A Random Walk Down Wall Street: “A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by the experts.”

In short, the new study is a huge embarrassment for the online discount trading firms, for example, who hype the payoffs from trading. Unfortunately, their trader-clients are not only big losers, the 82 percent who are repeat losers are so blind and dumb that they stay in this loser’s game, in denial, and just kept on losing. That’s the trader’s DNA at work!

Dumb, dumber … now the dumbest

Worse yet, the “winners” were the dumbest of all. The so-called winning traders were not only making less than Raven the monkey, they were making less than a buy’n’hold investor would have made from a portfolio with a thousands just sitting passively in tech funds and stocks in the 1995-1999 period. So once again our hat’s off to Odean and Barber, their two studies confirm the truth about trading, that … trading is a loser’s game.

The only people who really make money trading on a regular basis are the service professionals, especially the commission brokers. These pros make their commissions no matter how much investors and traders lose. Even in bear markets their ads paint a deceptive picture aimed at the wannabe trader’s super-confident but addictive and self-sabotaging genes—ads designed to convince naïve wannabe traders that the pros have some special secret that’ll beat the market—secrets they’re willing to share for a fee, naturally.

The truth is: They can’t … they never do … and they never will beat the market … no matter how long they try … trading’s a loser‘s game. But as I found out one more time in this “debate,” as I do in every “debate” with an expert who may be making a living selling trading secrets … I may as well have been trying to convince Raven the chimpanzee that eventually he too would lose, and lose big.

In that respect however, chimpanzees are superior to human traders. The trader’s DNA control their brains, they have no choice but to keep chasing the impossible dream that they can beat the market. The truth is, they’re addicted to losing. The pros know this, so they can take advantage of the wannabe traders never-ending delusional “winner’s fantasy.” And the game goes on ad infinitum, with the pros having a big laugh as they rake off big fees and commissions and get rich off the 82 percent of all traders who are repeat losers."

http://wallstreetwarzone.com/the-more-you-trade-the-less-you-earn/

All of the previous are too complicated for "Sir Nugget"

 

[MoldyFrogToe]

By and large, day trading is for suckers or for people who don't know what they are doing/getting themselves into. All Snype can come back with is - look at what happened within the last 2 years! Now think, how often does what just happened these last two years...actually happen? And that's his best defense, folks. Anyone who is smart with their $ does not day trade. I thought that was a well known and accepted fact, but anything goes when you have someone like Snype telling you otherwise. Retro said it better than I care to put effort into.

 

[Snype]

A recent report stated that out of 40 individuals chosen to determine whether or not they could become successful day traders, 20 turned in profits of 100%. These individuals were well-trained and, fortunately for them, they became success stories.

There are many benefits in day trading. Successful day traders state they not only have the opportunity to make money, but can set one’s own hours, work full time or part time, and enjoy the respite from an office environment which can contribute to an already stressful situation. The ability to use your knowledge of every-day events and translate them into profits is most rewarding for day traders.

Anyone can become a day trader. However, not everyone can make money in it. Day trading is available to those who wish to speculate on the stock market. With today’s technology including communication, high tech computers, and the enticement of intra-day stock prices and the competition of broker’s commissions, day trading has become very popular to those who wish to pursue this as a part time or full time career.

In addition, since a day trader has a myriad of tools and resources such as real time quotes, technical analysis, up-to-date news and information, market trend analysis, and online brokers (whose rates are quite competitive); with knowledge and expertise you can become a day trader in no time.

Day trading is limited to intra-day transactions and, therefore, whatever stocks are bought and sold in a day ends in a day. Most transactions can be started and terminated within seconds or minutes. This fast-paced trading mechanism is conducive to those who are steadfast in their determination as to how they ascertain a stock will move.

While news may affect a stock’s performance for the regular investor, a day trader need not worry about what happens tomorrow – the day trader deals with the here and now and makes his buy or sell transaction based on one day’s trend. In addition, another benefit to day trading is that you know exactly where you stand at the end of the day. Either you have been successful or not. There is no second guessing, nor should there be. A day trader’s profits are based on his knowledge, strength, and willingness to make a decision without emotion. The psychology of day trading plays a major role in whether or not a day trader will succeed or fail.

Day trading is all about timing. You sit in front of one of more monitors and carefully predict which way your stock will go based on the tools you have amassed. Within the blink of an eye, a stock can go either way. Thus, another benefit to day trading is that you will immediately know if you made the right choice or not. There is no second-guessing or waiting days or months to find out of you chose the right stock. The moment you begin trading is the moment you begin to learn how well you did, and how much profit or loss was sustained.

They say patience is a virtue. Day trading requires patience and a keen insight into your own personality. If you are impatient and jump the gun, you could lose quite a bit of money. However, if you stay within the moment you will instinctively know when to hold and when to fold. The benefit to you is that you will know immediately if your instincts were correct. If not, move on. Don’t dwell on the loss, but prepare for the next profit.

While day trading does have its ups and downs, you can make money as a day trader. The benefits derived as a day trader is based on the very basic foundation of a good mental attitude. This combined with proper resources, equipment, communication devices, up-to-date real time charts and analysis can only serve to enhance the daily transactions and achieve success. Although there has long been a debate as to the benefits of day trading, it is clear that experts have acknowledged day trading as a viable source of income for those who are experienced as well as those who wish to begin the process of learning.

Amid all the advice that is given on day trading, one fact repeats itself over and over: Stay true to who you are; know who you are; and acknowledge your strengths and weaknesses as well. Never become too over-confident in any stock transaction as this could lead to poor judgment. Accept losses - as they are bound to happen; do not over-extend yourself or your family’s finances; and enjoy the excitement and anticipation of each buy or sell with enthusiasm and pride. After all, you did your homework and are confident in your strategies. Finally, adhere to the only saying “Don’t lose your head while all about you people are losing theirs.”

 

[Snype]

Everyone can make money in the stock market as long as they do the research and don't trade on emotions. That's the problem that I see with people who lose money. Their stock dips down so they double down instead of just taking the small loss and move on to the next trade. Peoples emotions can get in the way so you have to be well aware of your emotions and state of mind. The other reason I see that people lose money is that they don't do their homework and they just buy anything without doing any research. All the people in here who talk shit about day trading have no idea what they are talking about. If anyone is interested in knowing how they will do if they do take the plunge to trade, all you really have to do is trade with no money and see how you can do but do your research first. As long as you do your research and don't trade on emotions, you'll see how well that you can do and then you can play for real money. All the trolls in here are just jealous cause they don't believe in themselves and they are mentally handicapped. Do your research and pick some stocks that you want to buy after doing the research and post them up in here to show everyone how you would have done to see for yourself. Let us know what you would buy and when you would have sold and if you would have turned a profit or not. Personally I didn't go to college and I make tons of money doing this with no experience. My little brother and DAD started seeing how much I was making and they opened accounts last year and they are both making lots of money with no experience. Are we just lucky? I doubt it. Anyone who tells you, you can't do something, rode the small bus to school too many times.

Taiwan study:

"Nonetheless, using a tighter definition – investors who placed a minimum of $NT 90
million day trades in the prior six months, only 19 percent earn profits from their trading
activities in the subsequent six month period. In summary, even using a low commission
assumption of 7 basis points, more than eight of ten day traders lose money in they
typical semiannual period".

You're an idiot!!! You said "investors who placed a minimum of $NT 90
million day trades in the prior six months, only 19 percent earn profits from their trading".

No one here is going to make 90 million trades in 6 months and if you do, you deserve to lose money. You can't do any research if you make 90 millions trades in 6 months. There's only 260,000 minutes (15 million minutes) in a 6 month period so how the hell are you going to make 90 million trades and still do research. There's not even enough time in a day to make those trade. Your sources are like trying to quote the national enquire and think because someone said it somewhere, it's true. You are truly an idiot and trying to mislead people.

By and large, day trading is for suckers or for people who don't know what they are doing/getting themselves into. All Snype can come back with is - look at what happened within the last 2 years! Now think, how often does what just happened these last two years...actually happen? And that's his best defense, folks. Anyone who is smart with their $ does not day trade. I thought that was a well known and accepted fact, but anything goes when you have someone like Snype telling you otherwise. Retro said it better than I care to put effort into.

The only sucker here is your Moldy. Why are you even here? Do you even grow weed or do you just come here to argue with people because your mom dropped you on your head too many times. I'm really sorry that you had to ride the small bus to school. You seem like you've been pretty sheltered in life. You will only be a failure in life so just give it up. I can't believe that you might live in MA. There's usually a lot of smart people that come from that area, you are not one of them. You're just a jealous hater cause your life sucks and you want everyone to feel the pain that you have. Have fun being a failure!

 

[RetroGrow]

You're an idiot!!! You said "investors who placed a minimum of $NT 90
million day trades in the prior six months, only 19 percent earn profits from their trading".

No one here is going to make 90 million trades in 6 months and if you do, you deserve to lose money. You can't do any research if you make 90 millions trades in 6 months. There's only 260,000 minutes in a 6 month period so how the hell are you going to make 90 million trades and still do research. There's not even enough time in a day to make those trade

LOL!
Looks like you are the idiot!
That was a study done of a large population of traders. But of course, with all your personality disorders and ADD, I guess you didn't have time to read their study, just like you didn't "notice" that the other nitwit was trading penny stocks. Too funny!
I supplied links and numerous studies to validate my point, which is: most people day trading lose money.
All you post is unsubstantiated BS!
Like I said, post your trades, otherwise STFU and stop bragging and misleading people.
Most day traders lose, and that is a fact, unlike the BS you posted about "one study", which you didn't reference, and was most likely written by a day trading brokerage, who make money off the commissions of suckers.
I am not saying it is impossible to make money day trading.
I'm saying that 90% lose....and that is a fact.

 

[Snype]

LOL!
Looks like you are the idiot!
That was a study done of a large population of traders. But of course, with all your personality disorders and ADD, I guess you didn't have time to read their study, just like you didn't "notice" that the other nitwit was trading penny stocks. Too funny!
I supplied links and numerous studies to validate my point, which is: most people day trading lose money.
All you post is unsubstantiated BS!
Like I said, post your trades, otherwise STFU and stop bragging and misleading people.
Most day traders lose, and that is a fact, unlike the BS you posted about "one study", which you didn't reference, and was most likely written by a day trading brokerage, who make money off the commissions of suckers.
I am not saying it is impossible to make money day trading.
I'm saying that 90% lose....and that is a fact.

There's 15 million seconds in a 6 month period. It's impossible for you to make 60 million trades in much less than 15 million seconds because the stock market closes on weekends and at night. Did you learn math? It takes you more than a second to make the trade so what you are saying is not accurate, like your life.

 

[ArcticBlast]

i'd hate to get in the middle of anything, but i'd like to ask my question(s) before the thread gets closed! jk

i've been reading up a lot on investing (got an account at investopedia and read many many many of their tutorials/lessons/guides; got an account at morningstar to look around as well; and of course, read a lot in this thread too! )

i'd just like to know a few things, maybe you guys could steer me towards some more resources

1. Stocks, bonds, or funds? there's only a few "bonds" that i'm even remotely interested in (treasury bills/notes are kind of cool, i guess?), i've read that stocks are for more experienced traders... so that leaves me with mutual funds, right? how do you know which fund to go with? my understanding is that these index funds follow indexes such as s&p500; would it be good to go with one of the "different" ones? do some people just invest in many many different funds? it seems like a much safer investment to me..

2. i've been reading a lot about ETFs, and how they're a cool way to invest in "riskier" markets/sectors.. but again, i've also read that these are for more advanced traders. what are your thoughts on ETFs?

I know i had more questions, maybe that's a good enough start lol thanks!

ArcticBlast

 

[Snype]

i'd hate to get in the middle of anything, but i'd like to ask my question(s) before the thread gets closed! jk

i've been reading up a lot on investing (got an account at investopedia and read many many many of their tutorials/lessons/guides; got an account at morningstar to look around as well; and of course, read a lot in this thread too! )

i'd just like to know a few things, maybe you guys could steer me towards some more resources

1. Stocks, bonds, or funds? there's only a few "bonds" that i'm even remotely interested in (treasury bills/notes are kind of cool, i guess?), i've read that stocks are for more experienced traders... so that leaves me with mutual funds, right? how do you know which fund to go with? my understanding is that these index funds follow indexes such as s&p500; would it be good to go with one of the "different" ones? do some people just invest in many many different funds? it seems like a much safer investment to me..

2. i've been reading a lot about ETFs, and how they're a cool way to invest in "riskier" markets/sectors.. but again, i've also read that these are for more advanced traders. what are your thoughts on ETFs?

I know i had more questions, maybe that's a good enough start lol thanks!

ArcticBlast

Personally, I love ETF's! There's so many different types of ETF's that you can trade. The best thing to do is do all your research first and don't put all of your eggs in one basket. Check out Proshares.com for a list of their ETF's. I usually buy 2x ETF's to short markets in a whole or buy markets in a whole. I like to trade the chinese market this way as well as gold, oil, the dow and s&p 500, as well as buying and shorting sectors in a whole. I also like to trade stocks. Just look at the graphs of the market as a whole since it opened, it only goes up over time. How the hell can you lose. I don't trade bonds or mutual funds.

 

[HASH GORDON]

Never thought that trading on news would be ignorant. I may not be some inside trader, someone that moves and shakes the market......but I've managed to triple invested money on things like the AIG debacle. You can say whatever ya' want about statistics. I wait for the disasters, and then the rebound. Might not be first off the starting line, but I pick up a few sheckles during the drama.

Dunno about anyone else, but I'm diggin this thread. Haters can lick my ballsweat.

 

[RetroGrow]

Just look at the graphs of the market as a whole since it opened, it only goes up over time. How the hell can you lose

That erroneous comment pretty much sums up Snype's disinformation campaign.
It only goes up over time?
Get a clue!
How the hell can you lose?
Hmmmm....90% of day traders lose, and many professionals and hedge funds have gone out of business in the last two years.Why?
Because they lost.
Ever hear of Dow 14,000?
That's where we were 2 years ago.
Looks like stocks don't always go up over time.
But how would you know about that?

 

[Snype]

That erroneous comment pretty much sums up Snype's disinformation campaign.
It only goes up over time?
Get a clue!
How the hell can you lose?
Hmmmm....90% of day traders lose, and many professionals and hedge funds have gone out of business in the last two years.Why?
Because they lost.
Ever hear of Dow 14,000?
That's where we were 2 years ago.
Looks like stocks don't always go up over time.
But how would you know about that?

Are you really that stupid? Are you trying to say that the dow isn't going to go way past 14,000 in the next 10 years? If you really think it won't continue to rise over long periods of time, then you are truly a moron. Here's some history of the dow jones for you:

In 1900 the dow was at: 51
In 1910 the dow was at: 75
In 1920 the dow was at: 120
In 1930 the dow was at: 381
In 1940 the dow was at: 158
In 1950 the dow was at: 180
In 1960 the dow was at: 550
In 1970 the dow was at: 630
In 1980 the dow was at: 900
In 1990 the dow was at: 2700
In 2000 the dow was at: 11,700
In 2010 the dow is at: 10,000 but will continue to rise
In 2020 the dow will be at 15,000 minimum and you'll see

Do you see a long term pattern here? Yeah of course there will be dips but everyone knows that. The point is we all know that the dow will continue to rise over long periods of time. It's not going to 0. Your brain doesn't work too good. It's not a buy and hold market right now, it's a traders market because of all the ups and downs due to the economy. That's why you look for deals and pick them up, let them rise and sell them and they will come back down for you to buy them again and make more. There's so many good deals right now and much news to trade on. When you buy and hold in the current market you let the hedge funds and the investment companies take their profits, while you hold on to your stock that you're barely making money on. There's plenty of money to be made, if you make short term trades. It's funny that you just try and take a line of my text to make things sound different like politicians do to try and prove a point that doesn't make sense. The proof is here for the people to see and do the research for themselves. Makes you look kind of stupid though but your mom has probably been telling you that your whole life.