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Technical Analysis Fallacy

  • #36,781
  • Nov 26, 2012 12:38am Nov 26, 2012 12:38am
Quoting ukmanthailan
I take your point but your opinion seems to be based on the assumption that all businessmen are capable of trading, which they are not.

I guess we are all different. 10k (GBP) a month is more than enough for my needs. Any more smacks of greed to me.
so JPM, GoldSachs etc close down their businesses and become individual traders again after 100s years in business. You trade as individual but as business you recruit traders.

Any definition for greed? You make 10k on 50k cap it is 20% then capital grows to 100k you still make 20% but it is now 20k profit and in few years it grows to 1m and the profit this time is 200k which is still 20%.
  • #36,782
  • Nov 26, 2012 2:16am Nov 26, 2012 2:16am
Quoting simpleman
so JPM, GoldSachs etc close down their businesses and become individual traders again after 100s years in business. You trade as individual but as business you recruit traders.

Any definition for greed? You make 10k on 50k cap it is 20% then capital grows to 100k you still make 20% but it is now 20k profit and in few years it grows to 1m and the profit this time is 200k which is still 20%.
I think we are talking at cross purposes or else you just want to argue for the sake of it. I was talking about scouting for business as an IB, not setting up an investment bank. However, I'll bite if you want me to.

A definition of greed? How about using the free advice and social network that has been built up on this thread over the last 5 years to launch a new business by preying on unsuccessful traders. I'm not saying that is what has happened because I am not au fait with the facts but if you are suggesting that it would be OK if it had, I respectfully disagree.

Maybe I am no longer a true capitalist. When I was 19 years of age I was working in the front office of a London stockbrokers and I thought I was the dogs bo***cks and I didn't care about anything else apart from making money and getting wasted every night. Nowadays, I am a different person and I see no reason why anybody would need more than they can make on their own account, given a reasonable amount of working capital of course.
  • #36,783
  • Edited 4:22am Nov 26, 2012 4:07am | Edited 4:22am
Quoting eraptheman
http://www.youtube.com/watch?v=vBzPsY3D58k

  • #36,784
  • Nov 26, 2012 4:08am Nov 26, 2012 4:08am
Quoting ukmanthailan
I think we are talking at cross purposes or else you just want to argue for the sake of it. I was talking about scouting for business as an IB, not setting up an investment bank. However, I'll bite if you want me to.

A definition of greed? How about using the free advice and social network that has been built up on this thread over the last 5 years to launch a new business by preying on unsuccessful traders. I'm not saying that is what has happened because I am not au fait with the facts but if you are suggesting that it would be OK if it had,...
  • #36,785
  • Nov 26, 2012 4:11am Nov 26, 2012 4:11am
Quoting phil13
Hi fti


health first


thank you for everything.


Regards


Phil.
  • #36,786
  • Nov 26, 2012 4:12am Nov 26, 2012 4:12am
Quoting indianguyinny24
And why you come to this thread you want to be the savior ?

And btw lets do a simple test if you want to , can you prove you have a auccessfull trading account you make me remind of people who want to bring other people down so that they make themselves feel superior


V
  • #36,787
  • Nov 26, 2012 4:32am Nov 26, 2012 4:32am
Quoting fti
fti, let us continue to learn. "air is clean after the storm"
  • #36,788
  • Nov 26, 2012 4:34am Nov 26, 2012 4:34am
Quoting ukmanthailan
I think we are talking at cross purposes or else you just want to argue for the sake of it. I was talking about scouting for business as an IB, not setting up an investment bank. However, I'll bite if you want me to.

A definition of greed? How about using the free advice and social network that has been built up on this thread over the last 5 years to launch a new business by preying on unsuccessful traders. I'm not saying that is what has happened because I am not au fait with the facts but if you are suggesting that it would be OK if it had,...
You need reading "Rich Dad Poor Dad". JPM wasn't investment bank straight away. Did you ask you stock broker why he is not just trading?
  • #36,789
  • Nov 26, 2012 5:17am Nov 26, 2012 5:17am
Looks like UBS got a slap across the wrist also.

UBS fined £29.7m by FSA over Kweku Adoboli case

http://www.bbc.co.uk/news/business-20492017
  • #36,790
  • Nov 26, 2012 5:22am Nov 26, 2012 5:22am
Quoting simpleman
You need reading "Rich Dad Poor Dad". JPM wasn't investment bank straight away. Did you ask you stock broker why he is not just trading?
Never mind the history of JP Morgan, I don't think it's a valid comparison to what has or has not happened on here. The stockbrokers with whom I worked probably didn't have the capital to live off their own trades and the nature and margin requirements for trading shares on the LSE is quite different to FX markets, as I am sure you know.

Rich Dad Poor Dad? Ha - I think I'll pass thanks. I am not into self help books that are full of fluff.

Let's just agree to differ, shall we? We aren't on topic and our conversation is going nowhere.
  • #36,791
  • Nov 26, 2012 5:42am Nov 26, 2012 5:42am
Quoting ukmanthailan
Never mind the history of JP Morgan, I don't think it's a valid comparison to what has or has not happened on here. The stockbrokers with whom I worked probably didn't have the capital to live off their own trades and the nature and margin requirements for trading shares on the LSE is quite different to FX markets, as I am sure you know.

Rich Dad Poor Dad? Ha - I think I'll pass thanks. I am not into self help books that are full of fluff.

Let's just agree to differ, shall we? We aren't on topic and our conversation is going nowhere.
I am not talking about what happened here just talking general.

Just saw rigidity in thinking that if you are a trader than no no to business.

Good luck.
  • #36,792
  • Nov 26, 2012 5:59am Nov 26, 2012 5:59am
Quoting simpleman
I am not talking about what happened here just talking general.

Just saw rigidity in thinking that if you are a trader than no no to business.

Good luck.
OK, then we are definitely not talking about the same thing. I often get hold of the wrong end of the stick - it's lucky I don't work in a sewage farm. Good luck to you too.
  • #36,793
  • Nov 26, 2012 9:10am Nov 26, 2012 9:10am
Quoting cuthbert


no summaries.

regards
I fail to find what's so funny with a perfectly rational question?
  • #36,794
  • Nov 26, 2012 10:25am Nov 26, 2012 10:25am
Quoting Gro
fti, let us continue to learn. "air is clean after the storm"

+1

V
  • #36,795
  • Nov 26, 2012 10:50am Nov 26, 2012 10:50am
Quoting evertontrade
I fail to find what's so funny with a perfectly rational question?
can u summarise a process? can u summarise a human being actions? or can u summarise uncertainty?
here is a little story for u,read it slowly and try to understand what its trying to say.


Croesus is a rich king in ancient Greece who is quite enamored with his own wealth. When the wise man Soloncomes to visit his kingdom, Croesus asks Solon if he had ever seen greater opulence than his own. Solon replies that birds like peacocks are incomparable in their beauty. Croesus disagrees, and he tries to impress Solon with a list of vanquished foes and claimed territories. Solon still disagrees, telling Croesus that the happiest man he had ever met was a peasant in Athens. He explains that the peasant worked hard, raised a family, and was content with what he had.then he asked him point blank he was not to be considered the happiest man of all.solon answered:"the observation of the numerous misfortunes that attend all conditions forbids us to grow insolent upon our present enjoyments,or to admire a man's happiness that may yet,in course of time,suffer change.For the uncertain future has yet to come,with all variety of future;and him only to whom the divinity has gauranteed continued happiness until the end we may call happy''.Croesus takes this as an insult and Solon leaves.
Soon after Solon's departure, tragedy befalls Croesus. His oldest son is killed in a hunting accident, and then Emperor Cyrus invades. Cyrus' army is triumphant, and Croesus' kingdom is ravaged and Croesus himself is captured and ordered to be executed. As Croesus is about to be burned on a pyre, he cries out Solon's name. Cyrus stops the pyre to hear what Croesus has to say. Croesus relates Solon's story to Cyrus, and Cyrus is moved by the notion that Fate can bring misery to a rich man and happiness to a poor man. Croesus is freed and the emperor and the king become good friends.

regards Dr.Zak.
Allah has permitted trade and has forbidden interest [koran]
  • #36,796
  • Nov 26, 2012 11:08am Nov 26, 2012 11:08am
Quoting drzakir123
can u summarise a process? can u summarise a human being actions? or can u summarise uncertainty?


[color=red]Croesus is a rich king in ancient Greece who is quite enamored with his own wealth. When the wise man Soloncomes to visit his kingdom, Croesus asks Solon if he had ever seen greater opulence than his own. Solon replies that birds like peacocks are incomparable in their beauty. Croesus disagrees, and he tries to impress Solon with a list of vanquished foes and claimed territories. Solon still disagrees, telling Croesus that the happiest...
Yes I believe you can summarise processes & behaviour. This is getting off-topic now so lets park the summary discussion here.

With respect to fti I'm sure his accounts and advice are insightful & valuable (hence wanting a summary)... but no more valuable that many of the other good threads on this forum. All the philosophical and mythical posts (mainly by others) to me do nothing but undermine any factual trading advice he is trying to convey.
  • #36,797
  • Nov 26, 2012 11:20am Nov 26, 2012 11:20am
Quoting evertontrade
Yes I believe you can summarise processes & behaviour. This is getting off-topic now so lets park the summary discussion here.

With respect to fti I'm sure his accounts and advice are insightful & valuable (hence wanting a summary)... but no more valuable that many of the other good threads on this forum. All the philosophical and mythical posts (mainly by others) to me do nothing but undermine any factual trading advice he is trying to convey.
mister, if u really looking for summary then its about 200 pages long and its written in the beggining of this thread.ie the first 200 pages ok now its my time to laugh. fti actually told u yesterday their is nothing in this thread for u.bye
Allah has permitted trade and has forbidden interest [koran]
  • #36,798
  • Nov 26, 2012 11:22am Nov 26, 2012 11:22am
Quoting zoomzoom
I'm reading lots of unpleasantries in this thread lately and wondering if members here are venting their frastrations for not being able to really make money the way everyone hope for from the beginning. The thread is already 5 years old and I remember fti did say in the beginning its not for everyone and he dread to see his teaching brings harm to peeps who lost monies.

Now after this storm, "air is clean after the storm" quote from GRO, and having vented our frastrations, I hope we can continue to learn from each other with minimum help from...
i 100% agree with u,i had similars thoughts yesterday.THE MAN HAS DONE HIS JOB,now give him some rest.
Allah has permitted trade and has forbidden interest [koran]
  • #36,799
  • Nov 26, 2012 11:47am Nov 26, 2012 11:47am
Quoting evertontrade
Yes I believe you can summarise processes & behaviour. This is getting off-topic now so lets park the summary discussion here.

With respect to fti I'm sure his accounts and advice are insightful & valuable (hence wanting a summary)... but no more valuable that many of the other good threads on this forum. All the philosophical and mythical posts (mainly by others) to me do nothing but undermine any factual trading advice he is trying to convey.
that bold word is the key to unlock all doors of trading.
i have no intention of discussing it here. all i will say is comparison of philosophy of trading to factual trading is of a mountain and a rock. whoever can not see that mountain in front of himself, must think twice... something is wrong. terribly wrong.
As Above, So Below
  • #36,800
  • Nov 26, 2012 12:08pm Nov 26, 2012 12:08pm
I am confused

A guy come helps people to trade (many e.g. of that including me), he makes some friends and like life some friends get in some disagreement but then of all that disagreement i see some peeps who are not even atleast long enough in this forum start telling how right and wrong are they without proving a cent of themselves and here we are fighting those peeps.

Makes me remeber what Gro said in similar way

In Forest Dogs barks but elephant walks in his own stride without worrying about them.

In short let them bark....lets refresh this thread..

V
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