quote:That doesn't look like a squirrel on a clown's shoulders. I'm out!
Simple pattern or not. That was textbook.
quote:That doesn't look like a squirrel on a clown's shoulders. I'm out!
Simple pattern or not. That was textbook.
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Eugene Fama wouldn't think that was such a "silly" statement. The winner of the 2013 Nobel laureate in Economics. Known for the efficient-market hypothesis.
"If active managers win, it has to be at the expense of other active managers. And when you add them all up, the returns of active managers have to be literally zero, before costs. Then after costs, it's a big negative sign,"
Happy gambling.
Why do you not understand the difference between "active managers", "stock brokers" and what I do? Fama was speaking to active managers of funds. Of course they can't actively trade their billions in fund deposits. The fees would be enormous even if they tried. Stock brokers? They don't make money unless they are active so they are always looking for the next Joe Sucker to put money in and create transactions in order to deliver broker fee's (revenue).
All of these don't have the least similarity to my approach. I trade only when the formula's I've developed align with technical's generated by multiple software sources, which is then analyzed based on my knowledge, experience and abilities. Everything you listed REQUIRES activity, much of it forced (I'll say coerced some times). A disciplined professional trader/investor doesn't force anything. We wait for alignment and personal confirmation.
There isn't a single thing about it that should remotely be considered gambling. I suppose you could say you "gamble" every time you drive your car because you could get hit and killed. Stop driving! I read your statements and this is the picture I get.
quote:I should listen to sweetie and not even reply to your really ignorant comment, but for the benefit of anyone that is lurking I'll explain.
Just when things were looking up, fire sale today.
You are saying the chart is the reason for the big sell off?
quote:Don't stop posting. I'm learning from yall
Fair enough. I started off just showing charts. The "grandstanding". Was in response to the jack arse coin flip comments.
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Frisco, Why are you day trading SPY options? The E-mini futures are more liquid, have better margin, and have much less spread. Also, you aren't paying for all the greeks like you do in an option. Commissions are better too.
quote:I would argue that if you want to be consistently successful it's actually a lot of hard work combined with experience and technology. Gambling is a gut feeling and I don't gamble.
Someone said trading is a lot of gut feeling...
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Gold & Silver flying. You're welcome....again.
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50 day moving average crossing 100 day moving average. We could accelerate down from here.