Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 8
Shaping up for best day in US survivalists lives; They might get Trump, closed boarders and jump in gold
Topic Started: 9 Nov 2016, 01:41 PM (4,985 Views)
Rufus
Member Avatar


Terry
11 Nov 2016, 08:25 AM
Well that depends on trading strategy and risk tolerance. Majority of suburbanites shouldn't be trading. They're already allotting pounds of flesh regularly in the a system designed to promote an illusion of wealth building. Like mini Trumps, it's much better for them to minimize the potential to be right royally shafted.
Suburbanites aren't traders Terry, traders are traders, and most of them lose.

A few do well through luck or skill, and good luck to them
Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
Ex BP Golly
Member Avatar


Rufus
11 Nov 2016, 08:48 AM
Suburbanites aren't traders Terry, traders are traders, and most of them lose.

A few do well through luck or skill, and good luck to them
And luckily for you, the universe has provided a low risk path for low intellegence, low skilled, un-experienced people to get rich.

Buy houses people! Join the masses, do your cheap nasty renovations, adding to the mass of dodgy houses across the country, AND believe that this is all you need to do to be successful in the eyes of your neighbours :lol

WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


Rufus
11 Nov 2016, 08:48 AM
Suburbanites aren't traders Terry, traders are traders, and most of them lose.

A few do well through luck or skill, and good luck to them
"Most of them lose" doesn't really have any meaning. Trading is a series of transactions between buyers and sellers. It's mathematically impossible to claim the probability that most traders loose.
Profile "REPLY WITH QUOTE" Go to top
 
Rufus
Member Avatar


Terry
11 Nov 2016, 09:22 AM
"Most of them lose" doesn't really have any meaning. Trading is a series of transactions between buyers and sellers. It's mathematically impossible to claim the probability that most traders loose.
Your maths can't possibly be that bad, can they?
Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


Rufus
11 Nov 2016, 09:36 AM
Your maths can't possibly be that bad, can they?
There can only be probability theory. "Most of them lose" is the same as saying "Loraxes are mainly green."
Profile "REPLY WITH QUOTE" Go to top
 
herbie
Member Avatar


"As we explained earlier, day-trading is one of the dumbest jobs there is: According to one academic study, 4 out of 5 people who do it lose money and only 1 in 100 do it well enough to be described as “predictably profitable.” Most of the folks who do it, in other words, would be far better off working at Burger King.
As is often the case when we bring up these facts, some readers screamed.  One said that our brain-damage was made patently obvious by the fact that Wall Street professionals day-trade all day.  If day-trading were so dumb, then why would professionals do it?
Here’s what that particular reader is missing:
Most Wall Street traders get paid to day-trade other people’s money.*
That’s a huge difference compared to what most stay-at-home day-traders do.
The average professional trader gets paid somewhere between 1% and 3% of assets per year just to trade those assets all day.  The average hedge-fund trader gets paid another 20% on top of that for any “gains” he or she makes (regardless of whether the gains are the result of the trader’s trading or the bull market).
The average stay-at-home day-trader, meanwhile, trades his or her own money.  And while many of these traders do fine on a gross basis (before costs), once the costs of this trading are deducted (commissions, taxes, research and information, time), their performance is usually downright awful.
The reason so many professionals day-trade, in other words, is that getting paid to day-trade other people’s money is one of the best businesses in the world.
Day-trading your OWN money, meanwhile, is one of the worst."

http://www.businessinsider.com.au/henry-blodget-heres-what-day-traders-dont-get-2010-3?r=US&IR=T
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
Profile "REPLY WITH QUOTE" Go to top
 
Rufus
Member Avatar


herbie
11 Nov 2016, 12:10 PM
Most Wall Street traders get paid to day-trade other people’s money.*
That's correct, but the ones who attract the money are the industry "Rock Stars" and they only remain Rock Stars while they are winning.
They also need to spend time on the golf courses and at charity and social events to keep bringing in more investors.

They get a console and platforms which costs them, but then they are on their own. For someone to make money on a trade, the other party has to lose money or lose an opportunity to make money, and mathematically not more than 50% of them can do that in aggregate over a long period of time.

Given that the "Rock Stars" are the ones making a Motza, then that possible 50% of winning traders reduces to about 30% long term winners who take all the profit, with 70% losing in the long term.

Rough figures of course.
Edited by Rufus, 11 Nov 2016, 12:35 PM.
Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
herbie
Member Avatar


Rufus
11 Nov 2016, 12:34 PM
That's correct, but the ones who attract the money are the industry "Rock Stars" and they only remain Rock Stars while they are winning.
They also need to spend time on the golf courses and at charity and social events to keep bringing in more investors.

They get a console and platforms which costs them, but then they are on their own. For someone to make money on a trade, the other party has to lose money or lose an opportunity to make money, and mathematically not more than 50% of them can do that in aggregate over a long period of time.

Given that the "Rock Stars" are the ones making a Motza, then that possible 50% of winning traders reduces to about 30% long term winners who take all the profit, with 70% losing in the long term.

Rough figures of course.
'N if tha mathematics underlying that isn't self evident ta even tha most thickest of thickos, then it's a pretty safe bet ya'll never convince 'em of nothin' I'd say.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
Profile "REPLY WITH QUOTE" Go to top
 
Rufus
Member Avatar


herbie
11 Nov 2016, 12:51 PM
'N if tha mathematics underlying that isn't self evident ta even tha most thickest of thickos, then it's a pretty safe bet ya'll never convince 'em of nothin' I'd say.
Indeed.

I'm sure they will put up a fight though.
Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


Rufus
11 Nov 2016, 12:34 PM
That's correct, but the ones who attract the money are the industry "Rock Stars" and they only remain Rock Stars while they are winning.
They also need to spend time on the golf courses and at charity and social events to keep bringing in more investors.

They get a console and platforms which costs them, but then they are on their own. For someone to make money on a trade, the other party has to lose money or lose an opportunity to make money, and mathematically not more than 50% of them can do that in aggregate over a long period of time.

Given that the "Rock Stars" are the ones making a Motza, then that possible 50% of winning traders reduces to about 30% long term winners who take all the profit, with 70% losing in the long term.

Rough figures of course.
Actually, institutional and independent traders deal with JPY and gold for the obvious reason that it's an anti trade and has been since 2013. It goes against the train of thought for pundits and the media. Has nothing to do with hobbyists. JPY and gold are not income-generating assets; therefore the suburbanites won't understand how and why they fit into a strategy.
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 8



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy