You quoted me, and I wasn't talking crypto, and this is the stocks thread
I assumed basher post which you quoted was in reference to crypto.
It matters not
Trading the stockmarket (NO Referrals)
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I assumed basher post which you quoted was in reference to crypto.
It matters not
This is the stocks thread...there's a whole forum for crypto and thread for BTC prices.
Investing, as in buying and holding individuals equities, bonds, unit trusts or ETFs etc.. is perhaps a tad different mind - an amateur investor might make some suboptimal decisions but they're generally not going to go too wrong so long as they diversify and don't go all-in on some individual stock or spaff it all on penny shares etc..
Oh jeeze... Let's say you've done a load of research, created a profitable trading system - do you:
a) Simply let it run and reap the $$$$ rewards?
b) Sell it as a service to a bunch of amateurs for a pittance and let them eat your lunch for you?
Now, do you think the person flogging this "bot" is both smart enough to create a profitable bot but dumb enough to not simply profit from it himself and therefore reliant on you and your... £50 to come and trade it instead?
Scalping isn't just any trades that take place intraday, it generally refers to trades taking advantage of very small movements in price, often as a result of getting a limit order filled i.e. buying on the bid or selling on the offer. Used to be done via the screen but these days you'd either have to be some fully autistic savant type person (see the Hound of Hounslow) or a sophisticated trading system (or even just a simple but very very fast one) colocated at the same datacentre as the respective exchange.
Quite possibly, it doesn't sound very promising either way!
Alternatively, buy when it's going up, sell higher. Short when it's going down, cover lower...
Lots of ways to make money, if it were as easy as just following some simple rules then most market participants would need to be mindless drones and random amateurs following said simple rules would become the next George Soros etc...
Soldato
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Is there a fund which will trade/hold NIO, cant be watching something all the time. Are China stocks a problem relative to ongoing relations with USA, its still risky for that general reason always felt that. Germany is sending a frigate to disputed areas of south china sea etc
Intel moving to 3nm via TSMC capacity. Makes me think TSMC is not overvalued barring again the locality risk
Intel (INTC): Bet On Windows 11 And 3nm Processors/GPUs | Seeking Alpha
I can send a .pdf if people cant read article links, seems relevant to this forum anyhow.
Is INTC really 12 pe, I owned them when they were $17 we had a big thread on xtremesystems a very long time ago
Intel moving to 3nm via TSMC capacity. Makes me think TSMC is not overvalued barring again the locality risk
Intel (INTC): Bet On Windows 11 And 3nm Processors/GPUs | Seeking Alpha
I can send a .pdf if people cant read article links, seems relevant to this forum anyhow.
Is INTC really 12 pe, I owned them when they were $17 we had a big thread on xtremesystems a very long time ago
Any good books on day trading?
If you were to believe the pros, you can win at day trading but you need the skills and the sources. This is evident with say Goldman Sachs who always win each year, however, apparently 90% of retail day trader lose over time. So how do the pros do it, they talk about extreme risk management, that can be learned, but I'm sure they have their own custom tools to analyse markets and their own sources or information and rumour.
If you were to believe the pros, you can win at day trading but you need the skills and the sources. This is evident with say Goldman Sachs who always win each year, however, apparently 90% of retail day trader lose over time. So how do the pros do it, they talk about extreme risk management, that can be learned, but I'm sure they have their own custom tools to analyse markets and their own sources or information and rumour.
Soldato
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Some of it must just be self control / patience + sticking to your strategies. How many times have you tried to do some sort of trade "I'll buy back in when it hopefully dips" then sat through 2 or 3 days of it not dipping, questioned your approach "what if it actually doesn't dip and goes up from here?!" then bought back in and immediately watched it tank on day 4 then you sit at a loss for a week waiting to break even...
On paper, making money trading is quite simple. A combination of two simple strategies :
1) Warren Buffet's maxim about buying when other are selling, sell when others are buying.
2) Aim to make more on profitable trades than you lose on loss-making trades.
Retail investors are generally terrible at these basics. They buy stocks when they've been rising (FOMO), and sell when they drop (panic). It's partly due to the stakes being high, and it being very difficult to keep emotions out of the decision making, when it's your hard earned cash on the line.
Beyond that....all these professional traders are hanging in the same bars and social groups and have access to all sorts of information that the pleb on the street doesn't.
Caporegime
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Buy low, sell high.
It's all you need to do. No book is going to teach you if a stock is undervalued or overvalued.
Only insider information can tell you that or looking at their annual accounts. Rather than reading books start reading accounts.
Which will lead you to your next question. The annual accounts are 150 pages long and you don't understand anything.
All annual accounts of UK companies are freely available on companies House. You just have to put the company's name into the search.
Ofc, but how do you know when others are selling and buying. It seems too simplistic in some ways, are people that dumb that they haven't asked these questions that I'm asking. When they start losing money do they not ask these question "how do the pros do it?" or do they just quit trading and another person comes in and fills their spot?
Are you saying there's a constant stream of new traders coming in and losing money while the more clued up people sit and snipe their money?
Soldato
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If people are buying the price generally rises. Selling it generally falls. Supply and demand. Within that though you can look at trade volume, most decent platforms will give you some idea of volume. You also need to be aware of things coming up. Management buying selling stock, lawsuits/rulings, earnings dates.
I get that you can see when a stock is going up and there are a whole bunch of other indicators to look at. Say it's up 2% for the day, however I've bet a few times by using this strategy and low and behold it comes right back down after I buy. Now I can get away with it as I'm using small money and you can sit and hold the bags especially if it's CC as it's thought to be pretty safe for the foreseeable future but then if I want to use that money I have to close the trade at a loss.
How to the quants do it?
Apparently a guy who was top of his class in Maths at Cambridge is doing very well trading for example. What mathematical methods is he using. I cant imagine he's just watching when a stock starts going up, buying in, waiting and hoping for the best, i.e it goes up 5+% then selling off at some point. That's gambling and "luck".
Soldato
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He's probably programmed something to look at volume, social indicators, overall market optimism, reports, news etc...
Who knows what hes doing unless he tells us. The truth is that anyone who is top of their class in maths at Cambridge is probably in the top 0.01% of people in the world IQ wise. Certainly in analytical terms. He may not be using a complex algorithm to trade, he may simply be working his arse off, analysing companies and noticing patterns that others don't. His intellect is probably why hes doing well rather than purely his mathematical skills.
Caporegime
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Oh, so you are buying high and selling low?
Why would you buy after it's went up? Unless you know it's going to go higher.
Well once it starts going up usually at certain times of the day, when the people are up etc, it often carries on up, in the case of CC it will usually go up to 5 or 6% in the matter of an hour. I'm just jumping on the band wagon here when it starts going up, I.e at about 1 or 2%. It often does work.
I'm trading by watching general trends.
I mean, this is the crux of all trading. Why would you buy at X unless you know its not going to go lower. Why would you buy at Y unless you know its going to go higher.
Soldato
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Worth mentioning this case, lots of brains there nobel prizes and so on but didnt work out. I always listen to Jim Rickards who was legal council for LTCM at that time but nobody is right without doubt even while they make a profit; he definitely isnt a trader but he has written on macro economic trends.
The market itself is wrong quite often because its people also. Not everyone should day trade (the vast majority shouldn't), it requires probably more emotional intelligence then anything else which is hard to state in words or any means of learning exactly. I'd point you over to Alphatrends and he did write a book but he posts/trades everyday on twitter and a blog for over a decade. He really isnt a elitist so you should be able to pick up if anything he says makes sense to you, also appears on Yahoo finance for many years etc.
Long-Term Capital Management - Wikipedia
The market itself is wrong quite often because its people also. Not everyone should day trade (the vast majority shouldn't), it requires probably more emotional intelligence then anything else which is hard to state in words or any means of learning exactly. I'd point you over to Alphatrends and he did write a book but he posts/trades everyday on twitter and a blog for over a decade. He really isnt a elitist so you should be able to pick up if anything he says makes sense to you, also appears on Yahoo finance for many years etc.
Long-Term Capital Management - Wikipedia
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Caporegime
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You need to stop talking about CC in here this is for stocks and shares.
Also CC is completely speculative gambling if you are day trading using your tactics. The people who day trade that do proper TA which requires crayons, charts and candles as well as trend spotting and predicting likley patterns.
They aren't just buying on a whim like you are. Again you need to go to the correct forum if that's what you are interested in. People don't really tend to day trade stocks and shares. Not unless they are buying meme stocks which again is speculative gambling.