oh dear - speak to some Hongkies about the 90's crash and how it affected property and lives as a whole. Truth is, no investment is completely safe. At the end of the day, isn't it really risk management and preservation of wealth?
oh dear - speak to some Hongkies about the 90's crash and how it affected property and lives as a whole. Truth is, no investment is completely safe. At the end of the day, isn't it really risk management and preservation of wealth?I dont know shares but I do know property and I know that eventually it goes up depite bumps and problems over time, shares however do not always go up, the index might but some companies just disappear altogether with investors money so I'll stay out and go back into property once it settles in about 2 years.
Hey Burns,
I got a hot one for you!
Its a Canadian gold company called Bre-X
Its going to the moon!!
G
Trading is money management and skewing the odds in your favour by smart entries and exits, so whilst it displays elements of gambling, its outcome is inherently different.
Whether this is a recovery or a dead cat bounce...who cares? Both can be extremely profitable, just trade the market.
Trading is money management and skewing the odds in your favour by smart entries and exits, so whilst it displays elements of gambling, its outcome is inherently different.
Whether this is a recovery or a dead cat bounce...who cares? Both can be extremely profitable, just trade the market.
Why don't we just call trading what it is, speculating. And the more you do it the more money you are going to lose.
I don't doubt that there are a small few who may make a couple lucky guesses but in the longer term do any of these people beat the index? Maybe short term but over 1, 3 or 5 years? As if. And I'm not talking Buffet or Sorro's, I'm talking the other 99.9999999% of the people out there. The people on the outside.
If anyone here can they would not be on this board they would be on there shiny boat with naked women or cabana boys drinking champs.
my
G
Why don't we just call trading what it is, speculating. And the more you do it the more money you are going to lose.
Hey Burns,
I got a hot one for you!
Its a Canadian gold company called Bre-X
Its going to the moon!!
Why don't we just call trading what it is, speculating. And the more you do it the more money you are going to lose.
I don't doubt that there are a small few who may make a couple lucky guesses but in the longer term do any of these people beat the index? Maybe short term but over 1, 3 or 5 years? As if. And I'm not talking Buffet or Sorro's, I'm talking the other 99.9999999% of the people out there. The people on the outside.
If anyone here can they would not be on this board they would be on there shiny boat with naked women or cabana boys drinking champs.
my
G
Why don't we just call trading what it is, speculating. And the more you do it the more money you are going to lose.
I don't doubt that there are a small few who may make a couple lucky guesses but in the longer term do any of these people beat the index? Maybe short term but over 1, 3 or 5 years? As if. And I'm not talking Buffet or Sorro's, I'm talking the other 99.9999999% of the people out there. The people on the outside.
If anyone here can they would not be on this board they would be on there shiny boat with naked women or cabana boys drinking champs.
my
G
The great part about trading vs investing, is that if you do things right, positive expectancy and the miracle of compounding can in theory, work much faster than long term buy and hold. Therefore you can start with much smaller capital. Traders that are successful have come from smaller beginnings than many investors, in allot of cases.
You do not need to be right, only wrong for a shorter period of time than you are right.
When you realize this, you will realize how silly this statement can sound
I'm not even going to mention what "buy and hold" has done to the 401ks.
Check out Bunyip EA, its not all about being right Gecko.
CanOz
No disrespect I hope all here the best of luck. Like I said there are a small few who may make some short term gains or run it as a buisness etc but long term questionable. Sitting around a computer all day, married to every news clip? why bother.
No disrespect I hope all here the best of luck. Like I said there are a small few who may make some short term gains or run it as a buisness etc but long term questionable. Sitting around a computer all day, married to every news clip? why bother.
I don't know what you traders think of the situation but all I see is that when bad news comes the market doesn't fall too much, yet on any good news the market rallies a lot. Not sure if that means we have hit THE bottom but we did hit a bottom at least.
As for sitting around a computer all day it's no different to a hundred other jobs out there - virtually any office worker.
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