stocks, reits and at&t

dasleben said:
It's none of my business, but I'm pretty sure you're saying that to a guy who wildly outperforms your own accounts, but okay.

I mean, you can brag about being an investor or about book knowledge, but the only metric that matters is account performance.
Click to expand...

I seriously doubt that he beats my portfolio performance. But ok.
 
dasleben said:
I mean, you can brag about being an investor or about book knowledge, but the only metric that matters is account performance.
Click to expand...

The more I've learned technically, the worse I've done. I was doing pretty solid for a while, but the past couple months I've done horrible. I was looking at technicals too much and trying to apply book knowledge rather than the bigger picture constants. Maybe none of that is related, maybe it is.
 
ryan1234 said:
The more I've learned technically, the worse I've done. I was doing pretty solid for a while, but the past couple months I've done horrible. I was looking at technicals too much and trying to apply book knowledge rather than the bigger picture constants. Maybe none of that is related, maybe it is.
Click to expand...

It takes most people years of work to become a consistent trader or investor. A monkey with a dartboard made money last year; the guys really killing it know how to make money in sideways and down markets, too.
 
Last edited:
To add to my above post:

The most robust technical trading methods are the most simple, and often do not require indicators. What matters most is how you manage your money and your risk. You can go broke taking profits, and adding more indicators and rules to make you correct more often can itself make you unprofitable.
 
dasleben said:
To add to my above post:

The most robust technical trading methods are the most simple, and often do not require indicators. What matters most is how you manage your money and your risk. You can go broke taking profits, and adding more indicators and rules to make you correct more often can itself make you unprofitable.
Click to expand...


Read up on the turtle traders.

It's all about rule number one, don't lose money.
 
ATN_Pilot said:
I seriously doubt that he beats my portfolio performance. But ok.
Click to expand...


Ah yes Todd talking about how awesome Todd is, and how no one is as good as Todd.

I love reading you on here, you keep things entertaining that's for sure.


Truth be told we will never know who's portfolio is better.

Being a CTA and CPO, managing my own public fund, and being around the block a time or two I have learned one very truth revealing fact.

Those that are successful traders, and I mean truly good investors and traders, never reveal their profits and seldom if ever brag about their success.

Word to the not so wise, and I almost feel I have a responsibility to help the naive on here, never trust advise from those that brag about it publicly.
 
fly22 said:
Ah yes Todd talking about how awesome Todd is, and how no one is as good as Todd.

I love reading you on here, you keep things entertaining that's for sure.


Truth be told we will never know who's portfolio is better.

Being a CTA and CPO, managing my own public fund, and being around the block a time or two I have learned one very truth revealing fact.

Those that are successful traders, and I mean truly good investors and traders, never reveal their profits and seldom if ever brag about their success.

Word to the not so wise, and I almost feel I have a responsibility to help the naive on here, never trust advise from those that brag about it publicly.
Click to expand...

So, to translate, your performance sucks, so you don't want to talk about it. Noted.
 
ATN_Pilot said:
Of course. Because technicals and "trading" are voodoo. Fundamentals and long-term investing are where it's at.
Click to expand...
It's because he hasn't put in the time.

And neither have you. You still think technical trading is about indicators. :)
 
ATN_Pilot said:
Of course. Because technicals and "trading" are voodoo. Fundamentals and long-term investing are where it's at.
Click to expand...

I don't think that technicals are voodoo, just that I've seen a lot of stuff that "should" have happened and didn't. I, personally, got a bit too in the weeds with technicals and it didn't pay off. I'm sure some people do just fine with it.
 
ryan1234 said:
I don't think that technicals are voodoo, just that I've seen a lot of stuff that "should" have happened and didn't.
Click to expand...

Well, I feel you've got the wrong idea about what technical trading is all about. What it does is give you an edge that can be profited from if you take the same setup each time over the long term. A great example is buying the first pullback after a breakout from an area of consolidation. Will it work every time? No, but that's not the point. The point is that taking the setup is profitable over the long term, simply because you have an excellent risk/reward ratio when you do catch the beginning of a new big trend.

Try dropping the "should happens" in your trading outlook. They don't mean anything unless you've backtested your method over a period of years in the market you wish to trade. The above also extends to fundamental investing, as well. Those guys aren't correct even near 100% of the time, either.
 
ATN_Pilot said:
Or you could just buy great companies at fair prices and sit back and wait for the next 50 years. Just sayin'. ;)
Click to expand...
You can do that too; there are multiple ways to skin the cat. In 50 years, your approach may not beat inflation or even make a profit when looking at an individual company. That's of course, why you diversify: To improve your long-term profit potential and solidify your edge. The rationale is the same, no matter what timeframe you're looking at, or whether you consider yourself an investor or trader.
 
dasleben said:
Well, I feel you've got the wrong idea about what technical trading is all about. What it does is give you an edge that can be profited from if you take the same setup each time over the long term. A great example is buying the first pullback after a breakout from an area of consolidation. Will it work every time? No, but that's not the point. The point is that taking the setup is profitable over the long term, simply because you have an excellent risk/reward ratio when you do catch the beginning of a new big trend.

Try dropping the "should happens" in your trading outlook. They don't mean anything unless you've backtested your method over a period of years in the market you wish to trade. The above also extends to fundamental investing, as well. Those guys aren't correct even near 100% of the time, either.
Click to expand...

Sounds like you've got it all figured out ;)... where do I mail the check?
 
To the OP, take a look at CSCO, it's had a nice pop lately, I feel like it's good below 25...

Again, no advice, just dudes talking.
 
You must log in or register to reply here.
Back
Top