Tha thing I reckon lotsa traders don't truly realise about 'emselves, is their very real 'n true potential ta LOSE money on BOTH risin' 'n fallin' markets ...
Anyways, couldn't happen ta a more deservin' unprincipled, unproductive money grubbin' bunch a cnts - For mine - LOL LOL LOL
But hey, tha ones wot are a bit simple (like lotsa them wot hang 'round this board) I still just genuinely feels a bit sorries for anyways - But only 'cause I'm just obviously a bit of an ole softie ...
PS: Any other 'grownups'(?) here actually recall tha GFC? - 'N shit like shortin' tha banks 'n wot not just NOT bein' ON ole chap!?!
herbie
2 Jan 2017, 10:41 PM
Honestly Tezza, do ya genuinely reckon tha Japanese suburbanite just automatically "in many ways" became 'toast' when their housing prices crashed catastrophically all those many years ago?
Are you still taking about a crisis situation where I need money in a hurry, or did you move on after the spanking I gave you?
Also, are you suggesting we should leave 500k in the bank?
Quote:
Good food for thought compared to the BBQ banter:
Most people take their profits too early and cut their losses too late.
If they buy a house for $500,000 and a month later somebody offers them $600,000, it is human nature to take the money and dine out on their good fortune. Conversely, if they put that $500,000 house on the market and the best offer it brought was $350,000, they would hold onto it.
A good dealer would not. As soon as he realised the asset was losing value he would get what he could for it and put the money into a new, hopefully better, investment.
Here it is again since your don't understand it......
Its called a stop loss. But you have no idea what that is so I'll let you pretend your winning.
Hey, I'm just an ole know nuthin' dumb f***, but even for an ole know nuthin' dumb f*** like me, tha term 'stop loss' immediately brings ta mind tha other term 'punch thru' - LOL LOL LOL
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
The Global Head of Merril Lynch uses houses as an example as he's aware that the majority of suburbanites have their whole lives wrapped in a single asset. If its value dissipates, in many ways they're toast.
tezza you doofus ! the quotes from ex NZ PM John Key he hasnt been head of merril lynch for 16 yrs he left in 2001 , you're stupidity knows no bbounds tezza
By the time he left the firm at the end of 2001 he would have been paid in Merrill Lynch's appreciating stock for nearly seven years
It is a story that Key could use to illustrate a theory of why some people get rich and the majority do not. Most people, he explains, take their profits too early and cut their losses too late.
If they buy a house for $500,000 and a month later somebody offers them $600,000, it is human nature to take the money and dine out on their good fortune. Conversely, if they put that $500,000 house on the market and the best offer it brought was $350,000, they would hold onto it.
A good dealer would not. As soon as he realised the asset was losing value he would get what he could for it and put the money into a new, hopefully better, investment.
bwahahahahah tezza you f***ing ning ning nong nong !
tezza you doofus ! the quotes from ex NZ PM John Key he hasnt been head of merril lynch for 16 yrs he left in 2001 , you're stupidity knows no bbounds tezza bwahahahahah tezza you f***ing ning ning nong nong !
That's right cricket. John Key was the ex-global head of Merril Lynch's forex ops.
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