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Could be interesting, but you have to pay to listen
Could be interesting, but you have to pay to listenRevealing How Artificial Intelligence Can Shape Market Trends
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
??? i listened to the preamble and decided it wasn't for meCould be interesting, but you have to pay to listen
Believe it or not - this story is 100% true
Picture this: I find myself a thousand kilometres away from home on Christmas Eve when I meet a man named Andrew who sits down next to me with a beer in hand. We start chatting, and it becomes clear we have a shared passion.
Andrew, is a charismatic individual with a deep love for gambling, Cards and Casinos are his passion. He talks about Cards and how certain people consistently make it to the final table, where the big money is at stake. Curious, I ask him why he thinks this happens. His answer is simple and profound: “Those are the people who know what they’re doing.”
Andrew delves into his life as a semi-professional gambler and his aspirations to venture into trading. He said he had been reading online articles and had noticed striking parallels between his passion for gambling and the world of trading.
To my surprise, Andrew begins quoting one of my articles "word for word". He's been following the “Dump it here” thread, even though he's not a member. He goes on to mention "but the guy has gone to the dark side recently," which he didn't understand.
I share my own experiences as a former bookmaker and discuss my brother’s success as a professional gambler. As our conversation unfolds, I reveal that I am the author of the articles he has been reading. I gladly spend the next three hours answering his insightful questions.
It's incredible how quickly a bond can form when you discover a shared interest. This encounter is a powerful reminder that the world is teeming with fascinating and knowledgeable individuals.
In conclusion, when you find a “common interest,” forging a friendship comes naturally.
Skate.
So a couple of observations:
(i) trading and gambling are essentially the same thing.
(ii) fundamental analysis is different.
(iii) they do share one thing in common.
For both it is necessary to undertake study to obtain knowledge so that a specific form of analysis can be undertaken. This however is not sufficient to guarantee success.
The additional element of luck is required for both forms of engagement with the market to be successful. Same with gambling of course.
It is the factor of time that is profoundly different between the two forms of analysis. Technical engagement (assuming discipline) will tell you very quickly in some instances when your luck is not sufficient. Fundamentals will not.
Why did LEH go under and GS and MS survive? Basically just luck. LEH was first to collapse and few politicians understood the problem. Result, LEH gone, bailouts for GS & MS (Citi, BAC and all the rest) once they understood what was at stake.
Within the financial markets there exists: (i) equity capital and (ii) debt capital.
In a problem, which form of capital receives the bailout? Debt capital 100% everytime. Equity capital can be wiped out. Not so debt. Governments sit on debt capital. Not equity capital.
Chasing this equity bull market is of course profitable until it is not. The trader's ability to leave is a very valuable option. The B&H equity player will in a market break, incur acute distress. Luck will determine whether, in time, that resolves into profits.
jog on
duc
over $150,000 (tax free) per year without depreciating the value of your investment.
To retire on I think this is more than most need.
well i am the frugal type and approaching 70Ha , someone had to do it ! So .... I'm not the only stickybeak on this forum, Mr. Skate . My first guess was 200 big ones but was too embarrassed , to ask what your " living wage " might be.
Ha , someone had to do it ! So .... I'm not the only stickybeak on this forum, Mr. Skate . My first guess was 200 big ones but was too embarrassed , to ask what your " living wage " might be.
At $288,311 in 2021-22, average equivalised gross disposable income per household for the top quintile was 5.3 times as high as that for the lowest income quintile ($54,134). Net worth (wealth) per household at $3.2 million for the highest quintile was 5.9 times as high as that for the lowest quintile ($551,460).
Good afternoon Skate@Belli, I've arrived at a crossroads in my financial journey, making a clean break from my passion for trading last week. The primary catalyst for this shift was an overactive mind, leading me to pivot towards investing as a way to scale back my involvement.
The $150k in dividends and franking credits mentioned by @UMike serve as a pleasant reminder that there is an income stream with little effort. With the addition of Capital Gains along the way, it offers an additional benefit. However, I'm grappling with two primary concerns: (1) The sufficiency of this yearly amount of $150k and (2) My ability to cope with my change in focus.
The weekly average @UMike projected equates to $2,884, while welcomed, it falls well short of my trading goals. I have aimed to achieve a weekly average between $10k and $15k. With 26 weeks of trading "done and dusted" this financial year, I'm pleased to see that my trading average comfortably exceeds the upper limit.
I'm weighing the pros and cons of both options (Trading versus Investing). Having made a clean break from trading has allowed me to step back and recharge, but it's difficult to forego the thrill of the market and the potential for greater profits.
Ultimately, my decision will depend on my priorities and how I wish to allocate my time. I'm taking the time to carefully deliberate and weigh my options, ensuring that my choice aligns with my long-term personal aspirations.
Skate.
now the problem with calculating what will set you up for the future ( in retirement ) is trying to guess your future expenses and your future returns/income ( after any taxes ) ,Instead of relating how bad things are according to one's own (relatively small) personal world, mull over this data and determine where you sit on a comparative basis.
From investment income plus my retirement pension from Australian Super, it appears I sit in the 5th quintile.
"At $288,311 in 2021-22, average equivalised gross disposable income per household for the top quintile was 5.3 times as high as that for the lowest income quintile ($54,134). Net worth (wealth) per household at $3.2 million for the highest quintile was 5.9 times as high as that for the lowest quintile ($551,460)."
Income and income support
A range of Centrelink payments, administered through the Department of Human Services, are available to support families with their work and family responsibilities. Family Assistance payments...www.aihw.gov.au
which IMO is not a bad thing , they are keeping an interest ( and being educated ) with their investments ( and Super funds ) i would rather that , than get a phone call ( or text message ) saying your retirement funds have been wiped out/frozen/forced into liquidation , and you had been calmly living out your life in ignorant blissYup. I get it. I know of people who have the same dilemma. From what they have informed me, the majority of their capital (90% or whatever) are in passive, mainly index funds and/or LICs, with the remainder allocated towards trading. However, I think for them trading is close to being a hobby in order to to scratch an itch.
given the recent trend is 'tin( actually aluminum) -foil hatters ' getting it correct often in the most outrageous places .. like inflationMy view is it's the dumbest thing they can do. Why? Temptation to expand it.
As for the rest of the garbage you post, pencil in for 24 December 2024 a prostate cancer diagnosis, 15 March 2025 gangrene in left leg and 28 August 2025 death.
On freezing of industry super;
I so want to disagree that investing in gambling. TA or trend trading definitely is. Maybe even my Bottom picking.@ducati916, once again you've raised several interesting points. Firstly, you're correct in saying that trading and gambling share some similarities. Both involve risk-taking, and both require a certain level of knowledge and skill to be successful. However, there are also some key differences between the two. However, luck also plays a significant role in both, as there are always factors beyond our control that can affect the outcome.
Regarding the difference between technical analysis and fundamental analysis. I'm still in the camp of technical analysis because it can provide quicker feedback on the success or failure of a trade, whereas fundamental analysis can take longer to yield results.
Skate.
I am 4th quartile for both income and assets...but I work, so you appear to be in a very favourable position Belli.Instead of relating how bad things are according to one's own (relatively small) personal world, mull over this data and determine where you sit on a comparative basis.
From investment income plus my retirement pension from Australian Super, it appears I sit in the 5th quintile.
"At $288,311 in 2021-22, average equivalised gross disposable income per household for the top quintile was 5.3 times as high as that for the lowest income quintile ($54,134). Net worth (wealth) per household at $3.2 million for the highest quintile was 5.9 times as high as that for the lowest quintile ($551,460)."
Income and income support
A range of Centrelink payments, administered through the Department of Human Services, are available to support families with their work and family responsibilities. Family Assistance payments...www.aihw.gov.au
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