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  • #391,941
  • Feb 21, 2011 11:22am Feb 21, 2011 11:22am
Quoting Leche Mocha
That's one of my favorite books. However, I just use it for entertainment mostly.
It is always in this list for last several years. Read it many times.
Attached Image
The Thief of Wall Street
  • #391,942
  • Feb 21, 2011 11:22am Feb 21, 2011 11:22am
Quoting KillerWhale
Why Magix, I won, is that not what we are trading for?
Tossing coins? I'm not lucky, I would have lost.
KW...

I am finished talking with you.

Ignorance spewed in verbal diarrhea is really a waste of infinite interweb space.

Good luck with the trades there Tiger!

Go get em...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #391,943
  • Feb 21, 2011 11:23am Feb 21, 2011 11:23am
Quoting Magix
Well, call it bagholding if ya will...

But hey, the world and market are made up of many types....
I totally agree with you this time.

No hard feelings.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #391,944
  • Feb 21, 2011 11:23am Feb 21, 2011 11:23am
Quoting Magix
Well, call it bagholding if ya will...

Terms we used trading stocks...you keep adding as price is moving against you, you are not a trader, you are an investor.

And yeah, I can't think of any institution that would encourage it, nor any broker backing it, but there in lies the differences from what is done and what should be done.

I have recently read through a thread that has been moved to commercial, started by a member with multiple usernames who has recently been banned, where he states that a 750 pip draw is acceptable, but to make sure...
the thing is it sounds smart if he kept adding until it turned that means he bought at the floor or bottom and made a huge profit plus all the positions on the way back up
Ambition
  • #391,945
  • Feb 21, 2011 11:25am Feb 21, 2011 11:25am
you need #1 crystal ball for spotting the bottom or #2 infinite cash flow to to trade until the bottom is hit. buy every "dip" during the selloff 2008...

Quoting talentfx
the thing is it sounds smart if he kept adding until it turned that means he bought at the floor or bottom and made a huge profit plus all the positions on the way back up
  • #391,946
  • Feb 21, 2011 11:26am Feb 21, 2011 11:26am
Quoting Magix
I am finished talking with you.
Wise decision, my friend. Since Friday, the postings, trumpeting their own follies, of several here have become more strident, bordering on trolling. Doesn't change the numerator of the thread's signal/noise ratio though, only the denominator.
  • #391,947
  • Feb 21, 2011 11:27am Feb 21, 2011 11:27am
Adding to a loser and waiting .......... and waiting that it might eventually turn profitable means you lose out (so called opportunity cost) on using that margin for other maybe more profitable trades.
  • #391,948
  • Feb 21, 2011 11:28am Feb 21, 2011 11:28am
Quoting Dr.Geppynius
you need #1 crystal ball for spotting the bottom or #2 infinite cash flow to to trade until the bottom is hit. buy every "dip" during the selloff 2008...
the 2 is not that hard is it im sure someone has the resources to do it im 100% sure its been done lol
Ambition
  • #391,949
  • Feb 21, 2011 11:28am Feb 21, 2011 11:28am
Quoting Dr.Geppynius
it seems they also learned MM from here
LOL
The Thief of Wall Street
  • #391,950
  • Feb 21, 2011 11:28am Feb 21, 2011 11:28am
Quoting talentfx
the thing is it sounds smart if he kept adding until it turned that means he bought at the floor or bottom and made a huge profit plus all the positions on the way back up
kid, why dont you go test that theory out at the roulette table, using 1$ chips and report back to us...
Look Sharp/Trade Tight
  • #391,951
  • Feb 21, 2011 11:29am Feb 21, 2011 11:29am
Quoting SunTrader
Adding to a loser and waiting .......... and waiting that it might eventually turn profitable means you lose out (so called opportunity cost) on using that margin for other maybe more profitable trades.

Everyone here today, bar 2 12-yr olds have agreed wholeheartedly on just about anything on the thread, that surely must be a first.
  • #391,952
  • Feb 21, 2011 11:29am Feb 21, 2011 11:29am
Quoting SunTrader
Adding to a loser and waiting .......... and waiting that it might eventually turn profitable means you lose out (so called opportunity cost) on using that margin for other maybe more profitable trades.
don't bother talking to them on that level, you'll get nowhere...
Look Sharp/Trade Tight
  • #391,953
  • Feb 21, 2011 11:29am Feb 21, 2011 11:29am
Quoting OldQuant
Wise decision, my friend. Since Friday, the postings, trumpeting their own follies, of several here have become more strident, bordering on trolling. Doesn't change the numerator of the thread's signal/noise ratio though, only the denominator.
Exactly. What in the world has been going on with the recent addition of blokes here lately.

The E/U thread oscillates in ways a lot like the market.

We have highs and lows in terms of the amounts of moronic posters.

It's one thing to call levels, and be right or wrong. It's another to spout how everyone else is wrong in the way they trade then turn around and laugh in their face, because they were right (for a change).
  • #391,954
  • Feb 21, 2011 11:30am Feb 21, 2011 11:30am
Quoting OldQuant
Wise decision, my friend. Since Friday, the postings, trumpeting their own follies, of several here have become more strident, bordering on trolling. Doesn't change the numerator of the thread's signal/noise ratio though, only the denominator.
What is your view for this week OldQuant?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #391,955
  • Feb 21, 2011 11:31am Feb 21, 2011 11:31am
Quoting SunTrader
Adding to a loser and waiting .......... and waiting that it might eventually turn profitable means you lose out (so called opportunity cost) on using that margin for other maybe more profitable trades.
no if you had the money it would be a sure bet because the market always fluctuates this could actually be a valid trading strategy just go one direction use like a dollar cost averaging so you change the amount of bets wether market is higher or lower that month just always go one way then you 100% could have a position at a huge top or bottom huge profits
Ambition
  • #391,956
  • Feb 21, 2011 11:31am Feb 21, 2011 11:31am
Quoting talentfx
sure there is im 100% sure that the sky is blue im 100% sure the earth is round and im 100% sure im right
Can you make money from those certainties?

Quoting talentfx
thats like saying theres no 10% or 99% or 78.6% or 300%
no 300%. all the other numbers are possible imo
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #391,957
  • Feb 21, 2011 11:31am Feb 21, 2011 11:31am
take a bath and read some: http://www.riskglossary.com/link/barings_debacle.htm

Quoting talentfx
the 2 is not that hard is it im sure someone has the resources to do it im 100% sure its been done lol
  • #391,958
  • Feb 21, 2011 11:32am Feb 21, 2011 11:32am
Quoting PayTheLimit
kid, why dont you go test that theory out at the roulette table, using 1$ chips and report back to us...
forex is not roullette
Ambition
  • #391,959
  • Feb 21, 2011 11:32am Feb 21, 2011 11:32am
Quoting talentfx
sure there is im 100% sure that the sky is blue im 100% sure the earth is round and im 100% sure im right
There was a time when people were 100% sure the world was flat, and you could sail to a point where the world would end.
  • #391,960
  • Feb 21, 2011 11:32am Feb 21, 2011 11:32am
Quoting talentfx
no if you had the money it would be a sure bet because the market always fluctuates this could actually be a valid trading strategy just go one direction use like a dollar cost averaging so you change the amount of bets wether market is higher or lower that month just always go one way then you 100% could have a position at a huge top or bottom huge profits

Some of the biggest banks and traders in the world did not have the money, you stand no chance.

Enjoy talking to Iggy. You'll have plenty of other 12-yr olds to keep you company. PTL will toss in some sweeties every once in a while to keep you going.
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