Talking stocks, trading, and investing in general

Discussion in 'Business, Careers & Education' started by mikeman, Feb 2, 2011.

  1. CYstyle

    CYstyle Senior member

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    sitting on mostly cash and shorts, not holding anything long, but looking to pick up some MRK after a dip
     


  2. Slopho

    Slopho Senior member

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    I love BAC at 6 bucks.
     


  3. JSSM

    JSSM Well-Known Member

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    Waiting until the close? If you need to wait for an arbitrary point in time to close a trade, that is a weakness. I assume you trade an end-of-day system.

    Classes...

    A profit isn't necessarily a profit. Factor in inflation, opportunity cost, variance etc. And no, comparison with an index does not necessarily reflect performance, as there is no consideration of risk. Achieving the index return is the sign of a horrible trader (unless the variance is extremely low, in which case the trader will attract huge capital) - a small, decently skilled trader will be ale to achieve a far greater return than a highly skilled but massive trader. If you don't understand why, well, it's Trading 101.


    Anyone with that bought with leverage could say the same.
     
    Last edited: Nov 10, 2011


  4. CYstyle

    CYstyle Senior member

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    Anyone who buys with leverage can also be broke?
     


  5. JSSM

    JSSM Well-Known Member

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    And that's why return is not indicative of skill without analysis of the trades and method used to achieve it. Within reason of course; being down 30% after a single trade does suggest poor risk management (it could be mathematically justifiable for a good trader, but it's pushing it).
     


  6. Charley

    Charley Senior member

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    Pretty interesting Bloomberg interview with Jim Grant.

    The ECB is putting on the MF Global trade, with maybe higher leverage. The ECB is not subject to any Mark to Market requirements, until they finally are, one day, by the market. Of course, the US FRB is more leveraged than the ECB. Neither could pass the Basel banking standards that they are requireing of the private banks for financial safety.
     


  7. GreenFrog

    GreenFrog Senior member

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    Crazy, crazy stock market..

    Monday it'll be down 2% because of bad news from the Eurozone over the weekend. Then Tuesday it'll shoot back up 3%, followed by a 0.2% gain on Wednesday, a 2.5% loss on Thursday, and a 3.2% gain on Friday.
     


  8. NameBack

    NameBack Senior member

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    Yup. So far my algo has been hitting most of it correctly. We're up about 24% since Oct 24th. We just hit the big gain today as well as the big loss a couple days ago.
     


  9. Charley

    Charley Senior member

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    It really is a dangerous market to trade. There has not been anything like this for at least 75 years, and even that period cannot encompas a period that has these risk metrics. Trade from a 1/2 position. don't try to be bold. Rational economics have very little to do with what is happening in the markets. There are very few people alive who experienced the Great Depression. The Depression was very real for those who experienced it. Preservation of capital (assets) was the successful strategy as the values of everything declined, except what you owed in debt.

    A report on how the fraudulent Euro support game is being played by the EFSF:

    European Ponzi Goes Full Retard As EFSF Found To Monetize... Itself

    The dipwads bought their own bonds with whatever real cash was in the pot. It makes for a great auction. If anyone is sucker enough to believe the yields, they will have an opportunity in the secondary market to buy the unsold crap.
    And this is the fund that will buy all of the Greece and Italy and Ireland and Spain bond issues for the next two years or more.

    Hey. What Do I Know.
    I drink Fitzgerald.
     
    Last edited: Nov 12, 2011


  10. GreenFrog

    GreenFrog Senior member

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    Yeah, I mean, it's a risky market with huge potential for losses, but there are also so many opportunities to make huge profits. Granted, an overwhelmingly small minority of active investors will actually be savvy enough to make a shit ton of money in today's stock market, but from what I know about the best traders out there, they love volatility.
     


  11. Slopho

    Slopho Senior member

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    Aww crap, guess who just got out of the Stem Cell game.
     


  12. javyn

    javyn Senior member

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    ?

    That's nuts!!! I bet GERN investors are not too happy right now.
     
    Last edited: Nov 14, 2011


  13. Saltricks

    Saltricks Senior member

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    Already sold GERN awhile ago...Dodged a bullet there!
     


  14. idfnl

    idfnl Senior member

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    GRPN already looks a dog.
     


  15. stevent

    stevent Senior member

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    Yeah, but with these types of stocks you gotta factor in these risks
     


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