Dump it Here

[Smurf1976]

It’s really all up to you, for you to decide between Technical and Fundamental Analysis and of which camp you feel would give you a trading edge

It is also possible to use a combined approach.

For example, choosing shares based on fundamentals but then using technical analysis to time the actual buying and selling.

 

[ducati916]

It is also possible to use a combined approach.

For example, choosing shares based on fundamentals but then using technical analysis to time the actual buying and selling.

And the combined approach makes you the most money, unless, the stock goes straight up.

jog on
duc

 

[Skate]

@sptrawler made a New Years resolution "My resolution is going to be, to stop trying to change peoples minds" (I like it)

If I may, I would like to dump a few quotes in the same vein..

Idiots
When you can't educate an idiot I usually say "I could agree with you, but then we'd both be wrong" & leave it at that.

Clouds
I find some people are like clouds. When they go away, it's a brighter day.

Happiness
All guest make you happy some when they arrive & some when they leave

Skate.

 

[Gringotts Bank]

humans .... believe that complexity in some way is related to the quality and veracity of a concept presented.

You have to learn what you dont know before you can know what you dont need to know.

Unecessary complexity and conceptual proliferation is becoming commonplace, and not just in trading. It makes me angry when I have to wade through thousands of pages of padding to find the one thing that is useful, but that's how people sell stuff nowadays. Universities should have that bolded sentence as their motto, since they specialize in teaching stuff which has no real life relevance.

 

[Skate]

Unecessary complexity and conceptual proliferation is becoming commonplace, and not just in trading. It makes me angry when I have to wade through thousands of pages of padding to find the one thing that is useful, but that's how people sell stuff nowadays. Universities should have that bolded sentence as their motto, since they specialize in teaching stuff which has no real life relevance.

@Gringotts Bank I really like your post, our time is our most precious gift, no one can afford the luxury of wasting it - let alone let someone waste it for us.

'The Dump it here' thread has a new bold & proudly displayed new motto:
"You have to learn what you don't know before you can know what you don't need to know"

Thanks you @Gringotts Bank , I'll give you the accolade (@tech/a prefers not to receive credit where credit is due)

Skate.

 

[fiftyeight]

Been a while since you hijacked a thread @Gringotts Bank

Who pulled this post, you or someone else?

 

[Smurf1976]

Unecessary complexity and conceptual proliferation is becoming commonplace, and not just in trading.

Unnecessary complexity is either a failure to understand or an attempt to deceive.

Where that is being used it is wise to consider which applies and if deception, who is deceiving who?

In particular, make sure you are not the one being deceived.

 

[Gringotts Bank]

Unnecessary complexity is either a failure to understand or an attempt to deceive.

Where that is being used it is wise to consider which applies and if deception, who is deceiving who?

In particular, make sure you are not the one being deceived.

Academics are even worse than salespeople and politicians, because it's harder to see through the schtick. They seem honest and trustworthy in their demeanor, yet they routinely use complexity to deceive. "This is a very complex issue" is a favourite statement. Along with the use of special terminology, such statements can be used to place non-academics in a position of powerlessness. If you can't speak the lingo, your argument will sound very weak indeed. If things are allowed to be simple, the academic will tend to create complexity to protect his position. Committees, meetings, special language, unecessary complexity and endless delay - the life of an academic.

 

[rogue1]

Muddling words make a difference

“a wise friend of ours once reminded us that “happiness is appreciating what you have”

So close - My definition of happiness is ‘desiring’ what you have !!

Skate.

Most people think they will be grateful when they are happy, but really it’s the other way around...

 

[Skate]

Most people think they will be grateful when they are happy, but really it’s the other way around...

@rogue1 words of wisdom are always appreciated.

When people are happy they are always grateful (I like it)

@rogue1 if you take the time to read this thread you will find some members have dumped some really good gems..

Skate.

 

[Smurf1976]

Academics are even worse than salespeople and politicians, because it's harder to see through the schtick. They seem honest and trustworthy in their demeanor, yet they routinely use complexity to deceive.

Very true.

I have explained technical things (mostly relating to electricity) to many people from all sorts of backgrounds and one thing has always stood out.

If the person genuinely wants to understand, that is they are not playing politics etc and looking for problems that don't exist, then it is always possible to explain to them the concepts in layman's terms.

Things which do involve genuine complexity like power system inertia or the decision making process as to which sources of generation are kept running when demand is low and which are switched off does take some explaining since there really is a lot of complexity involved with those concepts but it can be done most certainly.

My view is very simple really. If you can't explain something in layman's terms to a person of reasonable intelligence who is willing to listen then either you don't understand it yourself or you are deliberately choosing to not explain it to others.

Even NASA can and do explain to random members of the public how things were / are done in easily understandable terms and that really is rocket science.

 

[Skate]

Very true.

I have explained technical things (mostly relating to electricity) to many people from all sorts of backgrounds and one thing has always stood out.

If the person genuinely wants to understand, that is they are not playing politics etc and looking for problems that don't exist, then it is always possible to explain to them the concepts in layman's terms.

Things which do involve genuine complexity like power system inertia or the decision making process as to which sources of generation are kept running when demand is low and which are switched off does take some explaining since there really is a lot of complexity involved with those concepts but it can be done most certainly.

My view is very simple really. If you can't explain something in layman's terms to a person of reasonable intelligence who is willing to listen then either you don't understand it yourself or you are deliberately choosing to not explain it to others.

Even NASA can and do explain to random members of the public how things were / are done in easily understandable terms and that really is rocket science.

@Smurf1976 your words have resonated with me, succinctly expressed.

GEM of a quote..
"If you can't explain something in layman's terms to a person of reasonable intelligence who is willing to listen then either you don't understand it yourself or you are deliberately choosing to not explain it to others"

Skate.

 

[rogue1]

Mark Twain. chapter 11 Mysterious Stranger. I like short cuts and this is a ripper.
--------------------------------------------------------------------------------------------------

For as much as a year Satan continued these visits, but at last he came less often, and then for a long time he did not come at all. This always made me lonely and melancholy. I felt that he was losing interest in our tiny world and might at any time abandon his visits entirely. When one day he finally came to me I was overjoyed, but only for a little while. He had come to say good-by, he told me, and for the last time. He had investigations and undertakings in other corners of the universe, he said, that would keep him busy for a longer period than I could wait for his return.

"And you are going away, and will not come back any more?"

"Yes," he said. "We have comraded long together, and it has been pleasant--pleasant for both; but I must go now, and we shall not see each other any more."

"In this life, Satan, but in another? We shall meet in another, surely?"

Then, all tranquilly and soberly, he made the strange answer, "There is no other."

A subtle influence blew upon my spirit from his, bringing with it a vague, dim, but blessed and hopeful feeling that the incredible words might be true--even must be true.

"Have you never suspected this, Theodor?"

"No. How could I? But if it can only be true--"

"It is true."

A gust of thankfulness rose in my breast, but a doubt checked it before it could issue in words, and I said, "But--but--we have seen that future life--seen it in its actuality, and so--"

"It was a vision--it had no existence."

I could hardly breathe for the great hope that was struggling in me. "A vision?--a vi--"

"Life itself is only a vision, a dream."

It was electrical. By God! I had had that very thought a thousand times in my musings!

"Nothing exists; all is a dream. God--man--the world--the sun, the moon, the wilderness of stars--a dream, all a dream; they have no existence. Nothing exists save empty space--and you!"

"I!"

"And you are not you--you have no body, no blood, no bones, you are but a thought. I myself have no existence; I am but a dream--your dream, creature of your imagination. In a moment you will have realized this, then you will banish me from your visions and I shall dissolve into the nothingness out of which you made me....

"I am perishing already--I am failing--I am passing away. In a little while you will be alone in shoreless space, to wander its limitless solitudes without friend or comrade forever--for you will remain a thought, the only existent thought, and by your nature inextinguishable, indestructible. But I, your poor servant, have revealed you to yourself and set you free. Dream other dreams, and better!

"Strange! that you should not have suspected years ago--centuries, ages, eons, ago!--for you have existed, companionless, through all the eternities. Strange, indeed, that you should not have suspected that your universe and its contents were only dreams, visions, fiction! Strange, because they are so frankly and hysterically insane--like all dreams: a God who could make good children as easily as bad, yet preferred to make bad ones; who could have made every one of them happy, yet never made a single happy one; who made them prize their bitter life, yet stingily cut it short; who gave his angels eternal happiness unearned, yet required his other children to earn it; who gave his angels painless lives, yet cursed his other children with biting miseries and maladies of mind and body; who mouths justice and invented hell--mouths mercy and invented hell--mouths Golden Rules, and forgiveness multiplied by seventy times seven, and invented hell; who mouths morals to other people and has none himself; who frowns upon crimes, yet commits them all; who created man without invitation, then tries to shuffle the responsibility for man's acts upon man, instead of honorably placing it where it belongs, upon himself; and finally, with altogether divine obtuseness, invites this poor, abused slave to worship him!...

"You perceive, now, that these things are all impossible except in a dream. You perceive that they are pure and puerile insanities, the silly creations of an imagination that is not conscious of its freaks--in a word, that they are a dream, and you the maker of it. The dream-marks are all present; you should have recognized them earlier.

"It is true, that which I have revealed to you; there is no God, no universe, no human race, no earthly life, no heaven, no hell. It is all a dream--a grotesque and foolish dream. Nothing exists but you. And you are but a thought--a vagrant thought, a useless thought, a homeless thought, wandering forlorn among the empty eternities!"

He vanished, and left me appalled; for I knew, and realized, that all he had said was true.

---------------------------

It's brilliant, and like anything brilliant is very easy to misinterpret. Some of it is literal (and will be misinterpreted as metaphorical), some metaphorical (and will be misinterpreted as literal). But it's all there, summed up in a single chapter.

Life is a brief dream in our long sleep...

 

[Smurf1976]

Many concepts apply across multiple fields.

For example efficiency is a concept commonly applied in engineering and also in management. It also has relevance in biology and can be applied to investing. Put simply, efficiency is output per unit of input, the rest being detail (what the inputs and outputs actually are).

There are many concepts with broad application. The details need to be changed to suit the purpose but the concept as such is the same.

 

[rogue1]

@sptrawler made a New Years resolution "My resolution is going to be, to stop trying to change peoples minds" (I like it)

If I may, I would like to dump a few quotes in the same vein..

Idiots
When you can't educate an idiot I usually say "I could agree with you, but then we'd both be wrong" & leave it at that.

Clouds
I find some people are like clouds. When they go away, it's a brighter day.

Happiness
All guest make you happy some when they arrive & some when they leave

Skate.

Smart people really know their s***.
Stupid people rarely know they're s***...

 

[Skate]

@sptrawler made a New Years resolution "My resolution is going to be, to stop trying to change peoples minds" (I like it)

Chit Chat
Over a drink yesterday I referenced @sptrawler New Years resolution, going on to say "I can't ever remember making a New Years resolution"

Lost Memories
Thinking about it, I must have made a New Years resolution in my youth, but for the life of me I can't remember

I asked a question
I said - "are you going to make a New Years resolution this year"

His reply
NO, I'm going to stay an ar$ehole for another year (never a truer word said in jest)

Skate.

 

[Skate]

I made a post in the "The Education of an Investor" thread & I have decided to post it here as well (The reason: some members read some threads & pass over others)

Financial statements
Understanding a company’s financial statements will help shape your research, as it will allow you to become aware of certain facts.

Revenue flow
You may think you know how Capilano Honey Ltd (CZZ) operates because you buy their product from Woolworths or you may even think you know how Woolworths Group Ltd (WOW) operates, because you buy your groceries there, but can you clearly articulate how one dollar of revenue flows through either business?

Investment risk
The more you understand how a business operates, the more you become aware of how little you understand which further ads to the investment’s risk.

Skate.

 

[Wyatt]

Anonymous (not the hacktivist group) quote

After decades trading the markets almost every successful trader develops a 'ZERO loyalty to stocks mindset'. Amateurs on the other hand, 'fall in love with their stocks'.
The good news is: You do have a choice!

 

[Skate]

@Wyatt you remarked that "Amateurs on the other hand, 'fall in love with their stocks'"

New suckers
New batches of suckers are entering the markets every day who fail to educate themselves before buying stocks they know or have fallen in love with..

Cruel, Unkind and Dangerous
The Financial Markets are a Cruel, Unkind and Dangerous playing field, one place where the newest amateurs are generally fleeced the most brutally, usually by those who know the rules of trading.

Skate.

 

[Skate]

Risk
Nothing can be guaranteed when entering the market and the risk is very real. Smart traders/investors do not forget this, and that is why they use every means at their disposal to minimize the elements of risk by investing in the most efficient way.

The end game
The idea is to get the maximum return for the amount of risk taken for each dollar spent.

Skate.