Realist
Billie Jean is not my lover
- Joined
- 1 June 2006
- Posts
- 2,057
- Reactions
- 3
eddievanhalen said:Like I said Realist you've obviously never experienced real carnage on the markets.
Realist said:Great guess. BUT WRONG again.
Mate, I work in IT. I have Nasdaq shares now.
I've had Nasdaq shares in 1999 through to now.
Has there been a bigger crash apart from 1929 to compare with what I went through?
My shares were in well established successfull IT companies as well - they made profits - they were not dotcoms disaters trust me. They "were" - were being the operative word, good companies.
Yourself? - please tell us your market carnage stories, I bet they do not compare to mine..
eddievanhalen said:I've had Nasdaq shares in 1999 through to now.
I apologise then. That says all anyone needs to see.
Realist said:Almost everyone got smashed overnight.
wayneL said:Absolute tosh. The pigs got slaughtered, fair dinkum traders with systems got out when appropriate.
Realist said:Got any facts to back this big call Wayne??
Warren Buffet did not get smashed. Mums and Dads who diversify did not get smashed. Pure fundamental investors who diversify did not get smashed.
Who do you think got smashed?
I did cause I did not diversify. I did not invest fundamentally then. I got given shares though - so really I lost alot of paper money.
Many traders got smashed that is for sure.
If you seriously think traders escape crashes better than anyone else you are dreaming.
when has Buffet ever been hammered from a crash??
Ben Graham was once in 1929 to 31 - as a young fella, he learnt from it like me.
professor_frink said:You are a funny man Realist! Funny, funny man
wayneL said:Indeed Professor!
As a general rule, I always try to laugh *with* people. Sometimes though...
Realist, what you need to learn is: To get out of a hole, you have to stop digging.
Cheers
Realist said:My work is nearly done for today then....
This thread is fast becoming the most popular ever.
Tomorrow we shall discuss why Warren Buffet is so rich, and why there is not one trader anywhere near the rich list.
We'll also discuss tax and why the government deliberately taxes the buggery out of traders.
And after lunch we'll go through the details of why brokers want traders to buy and sell so often.
You guys can then accuse me of possibly putting every cent I owned into HIH 10 years ago, then you can tell me I may be rich when I am 90 but you are rich now. And you can bait me by telling me how boring investing is, how I need to work fulltime and much you made today and I much I made.
Till tomorrow.
professor_frink said:And tommorrow someone will explain to you that the nasdaq didn't lose near on 80% of it's value in one trading day.
Realist said:Where did I say it did???
Realist said:Almost everyone got smashed overnight.
Realist said:Any trader thinking a stop-loss will save their arss on that is dreaming.
Realist said:If you seriously think traders escape crashes better than anyone else you are dreaming.
Prof Frink said:If there were problems with the company that weren't disclosed, investors wouldn't have done any better.
Realist said:Traders use stop-losses, investors diversify....
A trader puts their money into one stock, (they have a 3% stop loss).
Overnight the stock plummets 80% - they are rooted.
An investor, puts 5% of their investments into 1 stock.
The stock plummets 80% overnight. The investor loses 4%.
Who is worse off by up to 76%??
Realist said:A trader puts their money into one stock, (they have a 3% stop loss).
RodC said:So by this criteria I can't be a trader as I have more than one stock?
More rubbish and generalisations.
professor_frink said:Where on earth did you dig up this manure from?
RodC said:More rubbish and generalisations.
wayneL said:Indeed, that on had me ROTFLMFAO.
That's what you call leaping to delusions
Hello Yogi,yogi-in-oz said:
Hi Magdoran,
...... a second invitation will not be required ...
Let's take it to:
https://www.aussiestockforums.com/forums/showthread.php?t=3651
-----
Just for the record, there's never been any promotion
on this forum for the astrotradiing package and there
probably will never be any such promotions .....
..... simply because this package is not available to
Aussie traders, so our target market is ALL export-
oriented (more than 20 countries to date, in fact).
So, what would be the point of pushing a sales
barrow in here?
happy trading
yogi
dallee said:Seeing as this is sitting in the beginners' thread, can I ask what if for argument's sake we say that technical analysis provides the greater returns, but the investor is not confident/competent enough to use it and is happy with the returns from some solid research and a more conservative buy-and-hold strategy that produces good dividends but a slower capital growth. Isn't it better to be in the market in this capacity than not at all?
Would I, for example, be foolish to gear into some blue chip stocks, watch the market to the best of my ability, make a few mistakes along the way but hopefully come out on top in the end; or, if this is the limit of my current abilities, salary sacrifice into super with the knowledge someone else has the expertise to make it work? Although the second option doesn't sound as much fun.
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