- Joined
- 6 November 2005
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wayneL said:I would love a $10 million tax bill.
No worries - I'll send you mine.wayneL said:I would love a $10 million tax bill.
Snake Pliskin said:I hate fundamental analysis with a passion but recognise its effectiveness for those who use it with an open mind.
wayneL said:It is clear you obsession with taxes and fees is detrimental to your profitability. This is obvious.
I would love a $10 million tax bill.
Snake Pliskin said:I can`t understand the big deal wether Gann is better than Elliot or what. It doesn`t matter, just like Technical or Fundamental. They all work for some practitioners.
I hate fundamental analysis with a passion but recognise its effectiveness for those who use it with an open mind.
wayneL said:Bravo!
I'm looking forward to the day when *some* FA's could say:
I hate technical analysis with a passion but recognise its effectiveness for those who use it with an open mind.
Cheers
Realist said:Yes, so would I. But the alternative is to wait a year, halve the tax and keep $5 Million of that Wayne.
Do you want a $10M profit or a $15M profit?
Or my preferred option do you just want to leave $20M invested compounding year on year?
lesm said:Snake,
Well said.
Whatever the method, if it works for the person using it then that's what matters.
Realist said:I do not hate technical analysis, infact I love it. The more people that do it the better for me.
Snake Pliskin said:Yes but if he hadn`t made the money to pay the tax how could he keep the other half without making it, due to holding longer and missing serious plays, like you may have.
Snake Pliskin said:But you stated you didn`t know anything about it so how could you love it?
Even if you think it makes you money how does it affect the market to make you money? You wouldn`t know because you don`t understand it. Think before you post, the eagerness to mouth off highlights your weaknesses.
Realist said:I've missed many serious plays. who hasn't?
Tis the tortoise versus the hare, I will be rich eventually doing what I am doing, many will be rich faster, but many wont be rich at all. My way is virtually guaranteed. You guys need to be alot smarter, faster, more alert and wiser than me. I just set and forget mostly. Any dummy can do it - no question. Patience and self control is all it requires, no skill at all really.
Snake Pliskin said:We need to be smarter and faster? But, any dummy can do it? And, no skill required?
What you do isn't anything anyone else can't learn fairly quickly and do adequately, it is not rocket science.
I just can't comprehend why so many people buy into a company that has not even made a profit because others are buying it.
I don't follow crowds or trends in life in general, it's just me.
swingstar said:Traders: Trade for income. Cash flow. Quick capital.
Investors: A lump sum by the time they need a walking stick. Will have to work to support themselves in the meantime. Traders can invest too.
Any objections?
Why compare?
Traders can invest too.
Realist said:How does it make me money?
Well everyone following a trend leaves the door open for others to go against the trend and get bargains.
If everyone is buying red shirts cause that is the trend, then market forces will dictate black shirts will be on sale, I'd buy an Armani black shirt at a discount to your red shirt! You wouldn't - you'd pay too much for the red shirt and wear it till it went out of fashion. Fair enough too, most people would, but when black shirts come back into fashion, years later - I've already got one, and I paid bugger all for it. You'd rush off and buy a black shirt at a premium. My costs are lower. Your clothes bill would be higher than mine.
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