Any day traders here???

[FreakMonster]

"Suckers"
Institutions must be suckers then.

That is a joke.
Its about making money.

What did you do specifically and why did you get out?

I have read about most of the great investors.
They are buy and hold.

To back up my claim:


Read the books, The Money Masters and the New Money Masters.

The only short term trader I esteem is Gerhard Leob. He wrote a nice book called "The Battle For Investment Survival" which has some good tips for any investor.


What Stock market books do you recommend people?


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Where are you coming up with this shit? I personally have friends who are daytraders making $1 million a year. It's definitely not a losers game if you know what the fuck your doing.

 

[wnt2bBeast]

"Suckers"
Institutions must be suckers then.

That is a joke.
Its about making money.

What did you do specifically and why did you get out?

I have read about most of the great investors.
They are buy and hold.

To back up my claim:


Read the books, The Money Masters and the New Money Masters.


What Stock market books do you recommend people?


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first off institutions do get ripped off some are "suckers" how the hell do you think goldman makes money????

second i dont trade stocks..mostly commodities, options and currencies..im involved in arbing and market making

only suckers buy books on how to make money lol
you wanna learn read "Liars Poker" "Riding the Bull" or Victor Niederhoffer's "education of a speculator"

 

[Dirk Howat]

Where are you coming up with this shit? I personally have friends who are daytraders making $1 million a year. It's definitely not a losers game if you know what the fuck your doing.

What are their names.
Tell me about their investment philosophy.
Think about liquidity.

 

[Dirk Howat]

only suckers buy books on how to make money lol
you wanna learn read "Liars Poker" "Riding the Bull" or Victor Niederhoffer's "education of a speculator"

Are those books?


Not shit, you learn by practice with real cash.
Bet to test it out, and then when you confident throw 100 percent of your cash in.

Read Loebs book.
Stay out and wait for the opportunity and throw all into it.
I made 50 percent in 2 weeks.

I went through my learning experience for my first 6 months where I broke even, but I want to be wealthy, so I read and read, to master the game.


Now I am confident as hell, and I throw all my cash in.

 

[wnt2bBeast]

Where are you coming up with this shit? I personally have friends who are daytraders making $1 million a year. It's definitely not a losers game if you know what the fuck your doing.

those are very few and far between..they are the lucky ones..most people will bomb out and lose everything

 

[Dirk Howat]

" first off institutions do get ripped off some are "suckers" how the hell do you think goldman makes money???? "



They play the momentum game and some sucker people.
Its a world of survival of the fittest which is why I like it.

No pc shit.
No equality and blaming others.

You are on your own
to make money or lose it.

by your skills




.

 

[Dirk Howat]

those are very few and far between..they are the lucky ones..most people will bomb out and lose everything

The deal:

I read a stat that 70percent of daytraders or more LOSE money.

Its a fact that they try to hide from you.

The more transactions you make, the richer they become.

They used to make money on spreads between bid and ask, this now narrowed, now they focus on trade commisions and IPOs.

 

[Dirk Howat]

Maybe if you are an idiot like you who can only double a $300 account. I've posted 3000 percent gains on my 40k account (meager, I know - but honest) for three years straight. Perhaps YOU are a loser's game.
You know that for every dollar I, or Goldman, Lehman, Morgan, NITE, SCHB, etc... makes - chumps like you have to lose. You must trade an Ameritrade account.

I have more then $300. Think 6 digits in my account.
The only advantage that institutions have is that they get pre released info before the bell rings.

Their disadvantages are tremendous.
They have to diversify their portfolio to at least 20 stocks. While I can throw it all in one in which I know better then they do. Read Peter Lynch, alot of these guys do not even know the companies they are invested into. They are invested into many stocks because everyone else is. See the tech crash.

Liquidity.

I have greater liquidity.


I can hold longer because I do not have worry about monthly quotas.

 

[wnt2bBeast]

The deal:

I read a stat that 70percent of daytraders or more LOSE money.

Its a fact that they try to hide from you.

The more transactions you make, the richer they become.

They used to make money on spreads between bid and ask, this now narrowed, now they focus on trade commisions and IPOs.

i would think its higher..
most people think its so easy to be a day trader..you have to ask yourself why is it that Goldman's traders all went to Wharton and im gonna walk off the street and out trade them??? just isnt gonna happen

i skipped B'school and got my education on the floor..i would never wal nito a day trade shop and expect them to teach me to trade ..yeah right lol

 

[Dirk Howat]

i would think its higher..
most people think its so easy to be a day trader..you have to ask yourself why is it that Goldman's traders all went to Wharton and im gonna walk off the street and out trade them??? just isnt gonna happen

i skipped B'school and got my education on the floor..i would never wal nito a day trade shop and expect them to teach me to trade ..yeah right lol

Sounds like a stressful job.

Its another fraud propagated by rich people to get more money. Capitalism. Yo. You have to get over your egoism and look objectivily at the situation.


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