third coast.. said:

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So who are the 5? I obviously know one of them.

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GtownRAB said:

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third coast.. said:

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So who are the 5? I obviously know one of them.

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I hate to make a list because I will forget some guys that help, but off the top of my head:

0A
Mcinnis (not sure which version though)
59
FJ
Ranger
30k

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GtownRAB said:

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third coast.. said:

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So who are the 5? I obviously know one of them.

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I hate to make a list because I will forget some guys that help, but off the top of my head:

0A
Mcinnis (not sure which version though) AggieDaniel
59
FJ
Ranger
30k

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jbeck3487 said:

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What was that Doctor's name that showed up for like a month and was big on VIX puts when it was in the 80's?

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I bleed maroon said:

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third coast.. said:

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So who are the 5? I obviously know one of them.

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Sorry, but I'd say the number is roughly zero.


There are people on this thread who demonstrate trading discipline, which helps performance.

There are people on this thread who are good at uncovering trading opportunities through decent due diligence.

There are people on this thread who are adept at choosing entry and exit points for individual holdings.


There is no one here who "knows" what they're doing in the markets, as that would require certainty regarding the future. At best, there are educated guesses, and discipline in taking gains or pulling the plug if the concept goes awry.

In my opinion, 99.9999% of the people on this thread (and in the population overall) would be better off investing in a well-rounded market basket of low cost index funds, regardless of investment objective. Certainly this is the case for retirement funds or college savings.

Now, when it comes to fun money, and trying to catch lightning in a bottle with discretionary funds, this thread provides interesting ideas, methods, and concepts. Traders can certainly learn about advanced trading strategies (use of options, for example), but count me as a skeptic as to the value of any "trading system" (especially the pure chartist stuff).

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AgEng06 said:

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OA
aggiedaniel
59
FJ
Ranger
30K
"Good" McInnis


The Magnificent Seven


Crap... and Irish errr... Deacon when he posts.

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I bleed maroon said:

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third coast.. said:

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So who are the 5? I obviously know one of them.

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Sorry, but I'd say the number is roughly zero.


There are people on this thread who demonstrate trading discipline, which helps performance.

There are people on this thread who are good at uncovering trading opportunities through decent due diligence.

There are people on this thread who are adept at choosing entry and exit points for individual holdings.


There is no one here who "knows" what they're doing in the markets, as that would require certainty regarding the future. At best, there are educated guesses, and discipline in taking gains or pulling the plug if the concept goes awry.

In my opinion, 99.9999% of the people on this thread (and in the population overall) would be better off investing in a well-rounded market basket of low cost index funds, regardless of investment objective. Certainly this is the case for retirement funds or college savings.

Now, when it comes to fun money, and trying to catch lightning in a bottle with discretionary funds, this thread provides interesting ideas, methods, and concepts. Traders can certainly learn about advanced trading strategies (use of options, for example), but count me as a skeptic as to the value of any "trading system" (especially the pure chartist stuff).

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0708aggie said:

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He gets banned too much so he doesn't count.

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I bleed maroon said:

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AgEng06 said:

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I'm not disagreeing with his overall take... but we always have I bleed maroon around to keep us "grounded" in any success we may have.

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Success is great, and I'm enjoying it right along with everyone else. This thread is great fun.

My main point is that if one thinks they can outsmart free-market economics and an efficient stock market consistently over time, they are sadly mistaken.

Enjoy the brief periods of outperformance! Celebrate them when they happen!

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• My name should probably be taken off that list or moved waaaaay down.
• "From the outside looking in, you can't understand it. And from the inside looking out, you can't explain it."
• I finally sold some ROKU yesterday due to some year end tax stuff (40% of shares bought in August in my taxable account that gets the other 60% in that account down to about $30 cost basis). I'm watching it closely because it could be setting up for a big correction at least <300 and potentially 200-250. It's just how it trades so I may consider selling quite a bit in tax deferred and some covered calls in taxable next week. I think next week's price action will be telling, but it's setting up an ugly bearish engulfing weekly candle right now... needs to get back above 340-350 for any hope of near term continuation. Be careful. I think ideally we'd like to see some sideways consolidation flagging 330-360 before a next leg higher next year.
• I'm 35% cash now in liquid accounts. <10% cash in retirement and other tax advantaged accounts.
• I hope everyone has a happy new year... I think we can all agree 2020 has been one hell of a year!