No, I know! But you see so many people buy something that's tanking, thinking they're getting a bargain, without knowing a thing about the fundamentals. They just assume it can only go up from here.
Human nature is not your friend!
You don't have to.
No, I know! But you see so many people buy something that's tanking, thinking they're getting a bargain, without knowing a thing about the fundamentals. They just assume it can only go up from here.
Human nature is not your friend!
[/b]
Oh it certainly is mine !!
Its interesting to see that no one has mentioned that it is just as hard to lose money (before commissions) as it is to make money. When backtesting a strategy if it failed spectacularly we could just reverse the long for short signals or vice versa. Most non buy and hold trading strategies you backtest over the long term will come out neutral (after commissions), they often rely heavily on market conditions. If there was a way of quantifying why people lose on the market then you could use that as a guide for success.
can you explain this?Sounds fair enough in theory.
But in practice simply reversing a losing method won't guarantee a profitable method.
I considered this before I wrote it but most = >50% (a bit vague I know) but I would put it at substantially higher than that, and I also wrote "non buy and hold trading strategies" attempting to take out the long term directional bias of the market.I disagree that most trading methods tested over the long term return a neutral result.
Not educating and not fully understanding the risk.
Not many realise it takes ... give or take 10 years to understand and overcome.
can you explain this?
I considered this before I wrote it but most = >50% (a bit vague I know) but I would put it at substantially higher than that, and I also wrote "non buy and hold trading strategies" attempting to take out the long term directional bias of the market.
A name I should rememberYou must make your view of this Aussie in and out of Australia. Some would say, "What a marvellous Export" and others "Australia please keep him there".
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Warning to read these links with your commonsense hat on.
Me too, don't think I will forget this unique surname.A name I should remember
I like what you posted. Too right in my opinion.My Father bought Telstra shares in 1999 when he worked there, I asked him why and he said "dotcom". I asked him what that meant and he said no idea. Then Flinders mining at 12 cents, went up to 30 cents and some stupid woman ruined the deal (it became to publicized) and they're now around 2 cents (he's still holding accepting they're worthless).
I would've imagined losing on the stock-market would be more common than not losing? Most these planned publicized deals appear to flip overnight after predicting a boom... insiders/minority robbing the mass shareholders?? Every time they market the flock towards a highly publicized deal, or a boom, the opposite happens!!!
100% spot on.No, I know! But you see so many people buy something that's tanking, thinking they're getting a bargain, without knowing a thing about the fundamentals. They just assume it can only go up from here.
Human nature is not your friend!
You must make your view of this Aussie in and out of Australia. Some would say, "What a marvellous Export" and others "Australia please keep him there".
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Warning to read these links with your commonsense hat on.
Comments under the article.Couple of points
1) The Wiki story on David Lenigras was a very bracing comment of how , I believe , too many Company promoters operate. Seems to me someone with a very sharp ax to grind write that wiki
2) Please check out Davids Twitter link. Absolute must. This not for the vatious self promotions. Just check out the post titled "when it';s not your time to die" 40 sec. Jaw dropping clip of a guy who pulls a miracle to stay alive.
Do you want to play with penny dreadfuls and boosters ? Davids your guy.
CITY FOCUS: Lenigas - is there money where his mouth is?
This week the company behind the announcement, UK Oil & Gas Investments, toned down its claims of a potential gusher, to rein in what one exasperated observer called its ‘wild’ assertions.www.thisismoney.co.uk
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