The Red 99 PvP Blog

[GrobbGangsta]

Originally Posted by Herb9 [You must be logged in to view images. Log in or Register.]

I hope you know the first 2 types of people listed here are WORLDS APART from the 3rd type of person you listed here.

Do you understand the drastic differences between the types of people who accumulate and invest their own capital versus the types of people who talk about investing other peoples capital in theory on paper and in classrooms?

Sorry but this is the point where I laugh you out of the conversation because we here in the real world don't go running to professors to ask how to run our business.

I do, which emphasizes my point even more because these very different people all agree on semi-efficient capital markets. New information is integrated into the price of securities so quickly that no excess profits can be earned based on that or past information.

[HippoNipple]

Originally Posted by Herb9 [You must be logged in to view images. Log in or Register.]

My original post didn't include the word futures in it. You made some really stupid assumptions and when you learned I was doing futures and not spot, you backtracked, because you were blatantly wrong.





I already clearly stated what this thread was for, but thanks for attempting to give me wrong advice. Nobody needs wrong advice, not from you, and not from the nice guy who was trying to be so nice but is still wrong.

Keep hating, fanboy.

Who cares if I assumed what type of trade you were doing. You are still wrong. Getting so deep in your lies to impress me.

[GrobbGangsta]

Variables that affect the price of securities in secondary markets are things like proposed mergers, reports like 10-k, 10-q, 8-q, pending lawsuits, sale of assets, etc. The first people to learn about these things are institutional investors in the network/feedback loop of the financial world. They take advantage of the arbitrage opportunity, and by the time you learn about these variables the opportunity is gone, because the information has been integrated into the share price.

In other words, any excess profits you reap from day trading are based on pure luck. That luck will run out. That is why I was advising you to invest your capital in something like RE, which you suggested, where the inputs to the DCF model are reliable and based on inside information you might have access to. Better plan than just blindly ride a wave that will crash.

[HippoNipple]

Originally Posted by GrobbGangsta [You must be logged in to view images. Log in or Register.]

No rage here. I would never day trade or take a "seminar" on day trading because every economist/finance professor/seasoned investor knows that analyzing past data or trends has zero impact on your ability to predict future outcomes in the market. This is the first thing you learn in finance.

Institutional investing is only way to make profits over long term.

You just gotta let him be. If you asked him for one reason behind his trades he wouldn't once mention a companies future outlook or where the economy is going so he doesn't understand where you are coming from. Herb looks at the past and makes trades based off of a line graph showing historic prices. This simplistic model is no longer practiced by any real mutual fund managers and hasn't been for over a decade.

He was just staying up late one night grinding out some EQ and purchased a trading kit from an infomercial. Probably burned through a couple allowances.

[SamwiseRed]

what the fuck is going on?

[SamwiseRed]

day trading sounds too much like gambling except in some gambling situations there is a chance of beating the house with skill.

[Herb9]

Originally Posted by HippoNipple [You must be logged in to view images. Log in or Register.]

You just gotta let him be. If you asked him for one reason behind his trades he wouldn't once mention a companies future outlook or where the economy is going so he doesn't understand where you are coming from. Herb looks at the past and makes trades based off of a line graph showing historic prices. This simplistic model is no longer practiced by any real mutual fund managers and hasn't been for over a decade.

He was just staying up late one night grinding out some EQ and purchased a trading kit from an infomercial. Probably burned through a couple allowances.

I collect haters like killshots. The jealousy I inspire deserves a fucking monument. An appearance by Bigslip to remind you that I'm everything you wish you were AND good looking would just top this milkshake off with the cherry it deserves.

http://red99graveyard.blogspot.com/

[HippoNipple]

Originally Posted by Herb9 [You must be logged in to view images. Log in or Register.]

I collect haters like killshots. The jealousy I inspire deserves a fucking monument. An appearance by Bigslip to remind you that I'm everything you wish you were AND good looking would just top this milkshake off with the cherry it deserves.

http://red99graveyard.blogspot.com/

Why are you quoting me and then talking to yourself? Keep telling yourself others want to be like you buddy. Anyone can go buy a trading kit off an infomercial. I bet you have a nice Amway business as well lol.

While you work on your failing business in your basement I will continue to grow my business that has true value and is actually marketable.

[heartbrand]

Holy fucking mad's

[BigSlip]

Originally Posted by Herb9 [You must be logged in to view images. Log in or Register.]

AND good looking

<<< see avatar

***** is crazy