have we seen the bottom of the stock markets
- Thread starter pokergod
- Start date
The only consistent money makers are the brokers. They make money when YOU buy AND sell.SkyRider said:
As to original question: NO!!!!
SkyRider said:
I have yet to meet a honest retail trader who can consistently make money in all markets
Many claim to , but when you put their feet to the fire & ask them telling questions, they often
a) understate the losses
b) understate the commissions they pay
c) overstate the winners
d) make big $ one year & lose it all the next
They may exist, but I have not meet one
So I buy quality companies (look for a competitive advantage) with dividend paying stocks in small amounts on a regular basis & do not get beat up about the market on a day to day basis.
Watching & worrying every day is a sure recipe for an ulcer.
Investing should be fun & enrich your life, not prematurely age you.
I know that between now & when I retire (many moons from now) the market will be up & up big at some point
The only down side I see is if I do not live long enough to cash out.
If that is the case, I have bigger problems than worrying about how much Nortel dropped yesterday (Nortel was a terrible company & an even worse investment)
I have problems with how many high tech jobs are opened in India, the lower amount of qualifications required, and they fact not one of them belong there.
It's a bear market rally. When the banks, especially BoA and Citi come out and admit to mortgage debt defaults are at only 50% of the peak, with 50% more to do and their credit card defaults at 33% of the peak when there's 67% more to go, then we all told their "profit" call was a lie to make a bear market rally, then they need more TARP and Geitner throws out Lewis and Pandit the Bandit, it's going to do down. Those F'n hoarders.
When GM files for bankruptcy and Chrysler does the same, all shareholders get wiped out, it's going to get worse. When IBM gets taxed for shipping jobs to India and Sun Microsystems falls into a bowl of Indian cow shit with Cisco Systems, it's gonna get worse.
They are starting to crunch the numbers of the "underemployed" with the unemployed and we are looking at 20% soon, all inclusive. That's NOT good and not a lagging indicator. Not when IBM, Cisco Systems and every other high tech company has openings in India and China, then they say FU to the countries and people they claim to pledge allegiance.
I think we all have to write books. But, who's gonna buy them with Burger King salaries? Again, Google has to be shutdown. They are fucking up the economy, in the end.
Gyaos Baltar.
It's a bear market rally. When the banks, especially BoA and Citi come out and admit to mortgage debt defaults are at only 50% of the peak, with 50% more to do and their credit card defaults at 33% of the peak when there's 67% more to go, then we all told their "profit" call was a lie to make a bear market rally, then they need more TARP and Geitner throws out Lewis and Pandit the Bandit, it's going to do down. Those F'n hoarders.
When GM files for bankruptcy and Chrysler does the same, all shareholders get wiped out, it's going to get worse. When IBM gets taxed for shipping jobs to India and Sun Microsystems falls into a bowl of Indian cow shit with Cisco Systems, it's gonna get worse.
They are starting to crunch the numbers of the "underemployed" with the unemployed and we are looking at 20% soon, all inclusive. That's NOT good and not a lagging indicator. Not when IBM, Cisco Systems and every other high tech company has openings in India and China, then they say FU to the countries and people they claim to pledge allegiance.
I think we all have to write books. But, who's gonna buy them with Burger King salaries? Again, Google has to be shutdown. They are fucking up the economy, in the end.
Gyaos Baltar.
I also don't think there are any retail traders who consistently make money. In order to become a retail broker all that is needed is to complete the OSC course. They teach you nothing about how markets work. If you truly knew how to trade and make money, you would not be a retail broker. There are many private traders who consistently make money and they can make money going long or short. Most of them don't pay attention to news or even earnings. They all have system that has a profitable edge and a positive expectancy. It can be done but it takes a lot of work.SkyRider said:
Retail Brokers and traders are two quite different jobswawa said:
A broker sells trade ideas to clients, a trader executes these orders
Some traders take a position or book, but they are working with the firms capital
When I talk about a retail trader its the guy sitting at home in front of his PC trading with his capital from 9:30 am to 4:00 pm
I have yet to meet one of these guys who is consistently profitable and can make a sustainable living doing it
A stock ratchets up from a dime to a dollar over the course of a year, then plummets rapidly to fitty-cent. For the next six months, it bounces between sixty and forty, then slowly climbs up to a buck twenty.
When did it hit bottom?
a) at fifty
b) the first time it hit forty
c) the last time it hit forty
d) it was at the bottom for six months while it was bouncing beween forty and sixty.
When you can honestly say that (d) is the correct answer, you're ready to invest. Just because we've seen the bottom doesn't mean it won't go down further. It just means that the trend is not downward.
When did it hit bottom?
a) at fifty
b) the first time it hit forty
c) the last time it hit forty
d) it was at the bottom for six months while it was bouncing beween forty and sixty.
When you can honestly say that (d) is the correct answer, you're ready to invest. Just because we've seen the bottom doesn't mean it won't go down further. It just means that the trend is not downward.
Anynym said:
What you described is not investing, rather (in my opinion ) it is trading / gambling.
Investing is based upon expectations of cash flow in the form of earnings or dividends based upon the asset your buying.
Just looking at prices on a chart does not make someone ready to invest
I don't want to start a flame war, or insult you, but there is a big difference.
As you say there is a huge difference between traders and investors. Most investors watched the last huge move up and watched the even quicker huge move down and are still "hoping" to regain their money. However, a trader watching a price chart would have seen the signs that the rally was over. I personally know of two individuals who dropped over seven figures in the last downturn. One can stand the hit, and the other lost it all in Nortel. Unfortunately, neither had uncle point to get out. Most investors are taking more of a gamble than any trader. Not wanting to insult anybody or start a flame war, but reading a price chart can make a difference.JohnLarue said:
