Australian (ASX) Stock Market Forum

95%/5%

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dhukka said:
Geez that was easy, obviously emotionally you're in the bottom 95% tech along with your trading and chart reading, which you proved conclusively back in January.
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Another who has little to add,resorting to personal attack.
Keep up the quality posts dhukka

Not on chat forums they don't.
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I'm sure Radge/Howard Bandy and a few others would be happy to know that.

Of course there are experts that separate themselves from the rest of the field by their performance, my point is that 5% is simply an arbitrary and meaningless number.
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It may well be an arbitary number just as any other number---point remains there are those who at the upper limit of ANY scale.

Looking forward to your next rivveting post.
 
tech/a said:
Another who has little to add,resorting to personal attack.
Keep up the quality posts dhukka


I'm sure Radge/Howard Bandy and a few others would be happy to know that.



It may well be an arbitary number just as any other number---point remains there are those who at the upper limit of ANY scale.

Looking forward to your next rivveting post.
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And therein lies the point tech, you have very little to add. There are people at the upper end of any scale, thanks for pointing out the obvious.
 
tech/a said:
I'm sure Radge/Howard Bandy and a few others would be happy to know that.
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Radge & Bandy are just doing their 100% and not harping on about being in x%. I don't see them as having that emotional need.

Just like The Man From Snowy River:

He hails from Snowy River, up by Kosciusko's side,
Where the hills are twice as steep and twice as rough;
Where a horse's hooves strike firelight from the flintstones every stride,
And the man that holds his own is good enough.
 
How about 5% of members of this forum account for 95% of the posts? Would that be true? Then both Wayne and tech/a can be in the 5% and everybody lives happily ever after :D
 
Guys.

I'm happy to stop posting.

I only do it (post) as I recieve feed back from people who do gain from my postings.

If however a majority here see that which I post as simply self serving hot air just say so.

Even if a few are helped along in their pursuit of becoming the best that they can be then I'm happy.

I dont have a problem with Wayne---infact I enjoy a good stouch,but as I have said before---your peception of me self serving an ego the size of a house wears thin.
It is a perception that I'm sure a few have accept or move me on.
I'm also sure a few get some benifit from that which I post.

I'm abrupt call a spade a spade---thats me,some get used to it others dont.
If thats seen as egotistical,so be it.
If you think my type of people arent for ASF just let me know.
Dont beat around the bush with constant inuendo.

Yeh yeh I know you'll tell me Im making it about me.
Well if you read the thread it became firmly directed at me.
Lets fix it once and for all.
 
Food for thought. Absolutely NOT directed at specific poster(s).


The market simply IS. Anything else built around it (the market is "good" today, the market is "bad" today, my trading results are "crap" lately, "I'm a great trader", "I'm smarter than other market participants", "the market hurt me badly", "I'm in the top 5% of traders"), are artificial constructs that we add, usually to our detriment.

Accepting the market for what it is removes this discussion to the realm of detached intellectual amusement - just as the market cannot hurt us, neither too can such discussions.

If one's ego can be damaged by either the market or by words on a computer screen then the problem lies within.


Taking the central premise of this thread:
5% of traders are profitable
95% of traders are not profitable

I'm profitable. I guess that means I'm in the 5%. That's interesting. Next.
 
Tech/a this is not the first time that you feel bemused/offended/disappointed or whatever the feeling is, and I have no answer to how to fix it.

I enjoy your posts; I like when spade is called spade.
So if one supporter is enough for you to post, please post.

I noticed that debates too often change from discussion of certain topic to personal attacks, chest beating, puffing up and whatever.

I think it has something to do with simple way of thinking -
Somebody says his point of view and if you don’t happen to agree you are wrong, stupid, and all the rest of niceties coming your way.

Have no answer and suppose one way to fix it could be to stop participation, but be sure here will be many posters who will miss you.

Could we have Tech/a forum where you could have the eject button?
 
Michael.

Totally agree with your summation.
And would include the various other topics I write upon,Business in general,Property,various trading methodologies.

With threads often instigated by myself.
It appears this "Expertise" in such a wide range of fields offends.

After 54 yrs and 30 of which spent reaching beyond average in these areas,perhaps I have been wrong in the "Assumption" that people would be interested in the way I have approached them.

Wayne may well be right in that only a handfull give a rats.
In which case---as more than a few have pointed out to me Why do it.

Why has always been an assumption which may well be flawed.
If so my fault and indeed if flawed then my continuation would be seen as egotistical---even by myself.
 
IFocus said:
Tech I just put it down to the heat wave in Adelaide everyone there must be getting cranky by now LOL
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It is pretty hot in Adelaide and in Melbourne as well at the moment. Perhaps he should be calling a shade a shade. It's much too hot to be thinking about spades.
 
MichaelD said:
Taking the central premise of this thread:
5% of traders are profitable
95% of traders are not profitable

I'm profitable. I guess that means I'm in the 5%. That's interesting. Next.
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Probably alot more than 5% of traders have made money over the last 5 years.

In fact, not counting the last 6-9 months, it was probably 95% of traders who were profitable, and 5% that were not.
 
nizar said:
Probably alot more than 5% of traders have made money over the last 5 years.

In fact, not counting the last 6-9 months, it was probably 95% of traders who were profitable, and 5% that were not.
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Great !! Thanks for that Nizar ........... now I'm in the 5% ............ Arthur or Martha .......... I have no idea !! .............. I know I'm in the 100% , thats for sure :rolleyes:
 
If 5% are taking money from the other 95% who are losing, and the market has an average turnover of $xxxxxx.

Can some genius work out the approx expectancy for me - because I think that I am not getting my fair share of the spoils :confused:

I don't think Mr market has been reading the same books as me - he has a habit of proving some of my "best" trades wrong

Nizar
"It was probably 95% of traders who were profitable, and 5% that were not"
- if that was the case - where did all this magical money come from

Another market mystery?

Peter :)
 
BBand said:
If 5% are taking money from the other 95% who are losing, and the market has an average turnover of $xxxxxx.
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Hey Bband,

This statement prompts me to think about the assertion many have, that the markets are a zero sum game. But when it comes to stock markets, are they really? If they are, I expect it's not as cut and dry as many think ie. "I won therefore someone else must have lost an equivalent amount".

Ponder the thought of capital added to the markets through lending eg. a margin loan. The arrival of this new capital might tip the supply/demand balance in a given stock toward demand, thereby driving up the stock price. If the stock is at a new all-time-high by inference all holders are winners, on paper, including that most recent buyer*, who now has to add the margin loan debt to his liability column. If new debtors arrive on the scene and push prices even higher then each previous buyer moves further away from break even and into the black.

I think it's possible in the stock market, particularly this most recent bull market as Nizar describes, for a proportion much greater than 5% to be winners. Practically everyone with a super account who just left it alone and didn't try to get too cute is today a 'winner'.

Sorry people, making a profit puts you in the 95%.

* yes I realise that due to liquidity considerations this last buyer probably won't be able to liquidate his/her entire position again at the last trade price, but LVRs are calculated of this value.
 
Hi ASX,
I understand what you are saying (I think)

All I was doing was just going with the theme of the thread

5/95% would probably be about right if the market had a steady turn over of existing money.

But as additional money is put into the kitty, then the 5/95% theory could be a bit lop sided, due to investors just holding their positions in an uptrending market.

It takes additional money to fuel a strong uptrend. (XJO)

My thoughts are probably as simplistic as is my trading - but I am profitable - and thats what counts.

Peter :)
 
tech/a said:
If so my fault and indeed if flawed then my continuation would be seen as egotistical---even by myself.
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Why do you post to stock trading fora?

Why do I post to stock trading fora?

Why does anyone post to stock trading fora?

Why do people blog their trading?


I won't answer directly, but it ISN'T to educate others (and at the heart of it it isn't to stroke one's ego, either).
 
Michael in response to your questions.

Why do you post to stock trading fora?

To learn from others.
You can see this from the number of threads I have started in the Trading Systems section of this board.

Why do people blog their trading?

To try to give back some of what I have learnt to the trading community.
Alot of people that know I trade *think* that they want to learn about trading, so now I just refer them to the blog.

*I say "think" because most of the guys don't end up going through with it. They are too busy. It all comes down to the passion as mentioned earlier by tech and myself.

I won't answer directly, but it ISN'T to educate others

Maybe for you it isn't.
Like I said -- for me blogging is to educate others and posting is to learn from others.
 

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