Dump it Here

[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.

Risk
Risk is all about surprises that can spoil the party.

Skate.

 

[rogue1]

@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.

When you look around a poker table, if you can't tell who the sucker is, it's you..!

 

[Skate]

@rogue1 when you 'like' one of my posts (I encourage you to 'like' as many as possible) I get an "Alert" and those 'Likes' gives me a direction for future posts.

Meaning
I would rather post on subject that others find interesting rather than what interest me.

Skate.

 

[rogue1]

This thread title reminds me of the advice Dr Spooner gave to his wife...

 

[Skate]

@rogue1 when you 'like' one of my posts (I encourage you to 'like' as many as possible) I get an "Alert" and those 'Likes' gives me a direction for future posts.

Meaning
I would rather post on subject that others find interesting rather than what interest me.

Skate.

@rogue1 like many other members on ASF I have an opinion - sometimes you may not like my opinion if so don't worry - I have plenty more.

Skate.

 

[Skate]

This thread title reminds me of the advice Dr Spooner gave to his wife...

'Dump it here'
@rogue1 the title 'Dump it here' was a named in the hope that members could "Dump" their knowledge in one thread that would benefit others, as you have done in the past - "posted a quote" now that whats this thread is all about.

Your quote
"When you look around a poker table, if you can't tell who the sucker is, it's you..!"

While some would have heard that quote before, there are others who haven't - @rogue1 thank you for 'Dumping it here'

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.

Investment risk
More on Capilano Honey, Woolworths & investment risk

Familiarity
One myth that many investors find particularly hard to resist is “Buy what you know.” Many fall into the trap of buying a company’s stock simply because they are familiar with it and like the product. Typically they fail to understand that good products or services don’t necessarily correlate to a good stock. However, they are comforted by the familiar. Familiarity can be a dangerous thing.

Skate.

 

[Smurf1976]

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

Time may also be a constraint for an individual investor due to other committments eg work or family.

So their aim may be to get the maximum return on money which can be achieved with not more than x amount of time spent on an ongoing basis.

 

[Skate]

Why the share market is so efficient

The share market is so efficient, the stock price is always right, thousands even many thousands of investors set a fair price and when the sellers and buys are in complete agreement the true value for that stock is established, a ‘Doji’ in the Japanese candlestick lingo.

The market is like a Ouija board & if you master the game it will spell "PROFIT" (pun intended)

Skate.

 

[Skate]

Investment risk
More on Capilano Honey, Woolworths & investment risk

Familiarity
One myth that many investors find particularly hard to resist is “Buy what you know.” Many fall into the trap of buying a company’s stock simply because they are familiar with it and like the product. Typically they fail to understand that good products or services don’t necessarily correlate to a good stock. However, they are comforted by the familiar. Familiarity can be a dangerous thing.

Skate.

Smart Investors & Woolworths

No one knows if a price is high or low
With trading no one knows if a price is high or low, picking the top or the bottom even eludes the best professional so we have no chance picking the top or the bottom of any market.

Smart Investors
The smart Investors are like ‘Woolworths’, they want to buy at the very lowest price and sell at a much higher price to make money and if they have to screw the little guy along the way, well so be it.

Skate.

 

[barney]

Skate
Thank you for the accolades, But you can stop now!

Shout Fire in a building full of people and they will in the large majority run for the exits.

​

Drop 1000s of $50 or even $10 notes on the ground and people will come out of no where to pick them up.​

Good examples and both Trending scenarios …….

It gets a bit harder to read when you are in the same building and …

"Drop the cash just after you call "Fire"
​

 

[Skate]

Good examples and both Trending scenarios …….

It gets a bit harder to read when you are in the same building and "Drop the cash just after you call "Fire"
​

Barney, they are two very good simplistic examples of human nature that everyone can relate to.

It’s funny how human nature often gets it wrong.
We act so impatiently with the stocks that are moving in the right direction by selling them straight away, yet we reward the falling stocks with endless patience.

Human nature
1. It’s human nature to sell profitable stocks too early so we can feel good about our decisions.
2. Its human nature not to admit when we have made a wrong decision

Our worst enemy
Sometimes Human Nature can be our worst enemy.

Skate.

 

[Skate]

Secret to success

Mature traders
Mature traders, those who’ve been around the block or two, realise that the secret to success is being there for the long term, not necessarily making a lot of money quickly but making money gradually and compounding their wealth over time.

Mature Traders analogy
Using a car as an analogy – it’s not the speed of the car that matters but the distance a car can travel.

Skate

 

[tech/a]

Mature Trader
Me!

Take all opportunities long or short term

Cars

Don’t get into one unless you know the destination.

 

[Skate]

Mature Trader
Me!

Take all opportunities long or short term

Cars

Don’t get into one unless you know the destination.

Elder
That's why I have called you an Elder tech/a.

Advice
I have expressed many times when you talk it's advisable to shut up & for us to listen.

I'm loving it
I'm loving your thread "Tech/a on Technical Analysis" (that's not an accolade tech/a but a statement of fact)

Skate.

 

[Skate]

Mature Trader
Me!

Take all opportunities long or short term

Cars

Don’t get into one unless you know the destination.

Cars
I said to a girlfriend once "you either fork it or walk it"

Her reply
"Well I ain't walking"

Memories
tech/a you sparked a fond memory for me..

Skate.

 

[tech/a]

Cars
I said to a girlfriend once "you either fork it or walk it"

Her reply
"Well I ain't walking"

Memories
tech/a you sparked a fond memory for me..

Skate.

A bird crapped over my bonnet once!

I never took her out again!

 

[tech/a]

A bird crapped over my bonnet once!

I never took her out again!

Hahahaha
Just noticed the thread title is very apt to
This post!

 

[Skate]

Happy New Year everyone!

I feel we need an inspiring quote to get us off on the right foot:
“There are no great men – only great challenges, which ordinary men are forced by circumstances to meet.”

Sorry, that's all I got. I know @Skate will have a good one.

Darc Knight made an inspiring quote to get us off on the right foot for 2019

First inspiring quote for 2019
“There are no great men – only great challenges, which ordinary men are forced by circumstances to meet.”

Skate.

 

[Skate]

One quote that made a difference
My life has revolved around one quote & it has stood me in good stead.

Motivation
Many receive advice, only the wise profit from it and those who read the quote below more than once, unpack it, will find words of motivation.

My Inspiring quote
"Life is like a dogsled team. If you ain't the lead dog, the scenery never changes"

Skate.