- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Random Walk Down Wall Street
Posted on 7/30/09 at 11:05 am to tirebiter
Posted on 7/30/09 at 11:05 am to tirebiter
quote:
To take it further, how do individual day traders expect to beat the Einstein's who are utilizing high frequency trading algo's and are co-located with or in the exchanges and are seeing competing trade prices before execution? I don't know what happens with the S&P by end-of-year, but do know more than a few people who have lost all their savings trading. It's always a new system or tips they buy from a guru or the charts say something is extremely likely to happen that doesn't,etc. Oh well, good luck to them.
I think the majority of that is snake oil salesman bs. Its like the next wonder diet pill. There is no trick that hasnt been thought of. To be successful in trading stocks the secret is to apply yourself and do the work, just like it takes a good diet and exercise to be in good shape.
Anyone have thoughts on the unpredictible nature of people (from investors to CEO's) and how that impacts the markets swings. I personally beleive this is the one factor that will forever keep the market beyond the reach of any analysis designed to predict its movements.
Posted on 7/30/09 at 7:01 pm to amsterdam
:iagreewiththis:
Plenty of people spend so much time trying to find the Holy Grail. Just like the dude in the movie PI most end up losing their fricking minds! It takes a tremendous amount of discipline and risk management (not aversion) to succeed as an individual investor/trader. The key is to find a system that you are comfortable with and that is proven successful, and stick with it. After years of persistent trial and error one can beat the averages for sure.
Plenty of people spend so much time trying to find the Holy Grail. Just like the dude in the movie PI most end up losing their fricking minds! It takes a tremendous amount of discipline and risk management (not aversion) to succeed as an individual investor/trader. The key is to find a system that you are comfortable with and that is proven successful, and stick with it. After years of persistent trial and error one can beat the averages for sure.
Popular
Back to top
Follow TigerDroppings for LSU Football News