Looking to chat to sophisticated investors

[samclem]

OK, now. Let's make a trade. I'll tell you what my favorite protein bar is and you tell me what your favorite protein bar is. But, I don't understand why this trade has to be via PM. It seems as if you don't you want samclem to know.

I can't disclose what I just learned from an undisclosed new poster, but it involves a special short strategy involving a straddle and a double hop. The equity will remain unnamed, but it might be a protein bar company.
To get the tip, I offered a proven strategy that allows an investor to do better in the market than 85% of investors.
But this is all on the QT, don't tell anyone or I'll be cut off from future goldmines.

 

[Ready]

Hey, I've posted my thoughts on protein bars for everyone to see and challenge. I don't see why it should be any different here.

 

[samclem]

Hey, I've posted my thoughts on protein bars for everyone to see and challenge. I don't see why it should be any different here.

You shouldn't be giving those valuable insights away for nuthin.
"Free milk and the cow," dontcha know.

 

[easysurfer]

I had to recuse myself from this thread as I'm definitely not sophisticated .

 

[planman]

I started the thread to see if there were any 50 somethings in the Florida area that were sophisticated investors for me to establish a dialog with. But as usual whenever you have a picnic a few flies show up. I've posted a few ideas on this thread publicly anyone who wants to trade further ideas can PM me.

 

[Ready]

For whatever reason, there are herds of great traders willing to tell anyone who will listen about how well they >did<. In one named portfolio. Looking forward or seeing the entire record somehow spoils the magic.
A trader who can really pick a high percentage of winners over time could use options/leverage to grow fabulously rich in short order. There are few instances of this.

I find the same phenomenon exists with Las Vegas gamblers, of which I have more than a few friends and family members. They love to tell me how much they made in Las Vegas. But they tend to focus on the trips they won, while conveniently forgetting the trips they lost big. And they purposely avoid keeping close track of their total wins/losses because they want to have selective memory and conveniently forget the times they lost their shirt. Gamblers are predisposed to believing they can beat the system. They will rationalize this and selectively recall the facts that support this position.

 

[planman]

Ready, Samclem, Redduck come up with an original idea other than following the herd of sheep in an index fund and I'm all ears, otherwise engaging in this type of mastrubation is a waste of everyone's time boys

 

[dixonge]

Here's my hot tip:

“The market can stay irrational longer than you can stay solvent.” - John Maynard Keynes

 

[redduck]

dixonge, for your hot tip I'm will tell you what my favorite
protein bar is:Kirkland Soft & Chewy Granola Bar, Chocolate Chip.
(Don't tell samclem, because he refuses to share information for free).

 

[planman]

Now what do you think Keynes would think of Fama ? IMHO Keynes makes the perfect case for inefficient markets and the weak form of the EMH. Fama carved out several market anomalies in his work on EMH. Learning about these areas by reading books by Peter Lynch and Seth Klarman may give you a basis to develop some original ideas.

 

[Boho]

Now what do you think Keynes would think of Fama ? IMHO Keynes makes the perfect case for inefficient markets and the weak form of the EMH. Fama carved out several market anomalies in his work on EMH. Learning about these areas by reading books by Peter Lynch and Seth Klarman may give you a basis to develop some original ideas.

That aspect of investing never interested me because I just assumed that there are inefficiencies. I even think everyone believes it on some level. Even if through some magic the average prices at the end of the daily rise and fall make it efficient, the fluctuations during the day matter and there are limit orders to catch favorable inefficient prices. It's a non-issue unless there's a deeper argument that I'm too closed minded about this to have found.

 

[Fedup]

I just don't think I can beat the hedge funds when it comes to these sort of arbitrage and such, and they are not beating the indexes. So back to boggle investing style.

 

[samclem]

Fama carved out several market anomalies in his work on EMH.

I go as far as including a small/value tilt (Fama/French) in my index holdings--I'm not opposed to exploiting inefficiencies even if they aren't satisfactorily explained (IMO). But that's as wild as I get--this dough has to see us through a few decades, longer than Mr Lynch was able to help me out through Magellan. Not looking for a guru or the next hot thing, but remain very, very thankful and grateful to all those seekers who pay the price in their time, effort and commissions to keep the market efficient. Without them, indexing wouldn't be the effective tool that it is. Nearly a free lunch!

 

[aja8888]

You guys are a tough bunch.

 

[FUEGO]

I buy the winners. Well, mostly the winners. They are easy to identify because they go up the most. Losers aren't good and I avoid those. They tend to do poorly so I avoid them. That's it - pick the winners and ditch the losers.

 

[COcheesehead]

I buy the winners. Well, mostly the winners. They are easy to identify because they go up the most. Losers aren't good and I avoid those. They tend to do poorly so I avoid them. That's it - pick the winners and ditch the losers.

I am like you, but I also need to hear about the stock from CNBC, that's the secret. They know about it before anyone else. I also place my order so I buy at the open. First in line you know.
When it eventually goes down, I sell it because I get afraid and can't sleep at night, but I end up with lots of tax losses. They call it harvesting, so I guess I am a stock farmer. Planting dollars, harvesting losses.

 

[REWahoo]

You guys are a tough bunch.

+1

Looks like this thread isn't going according to planman's plan. Oh man...

 

[samclem]

Technical analysis is where the money is made. Not the nontechnical analysis. More technical is better. Look at the stock chart, apply the technical tools, and buy and sell when the pattern emerges. Bollinger bands, the cup-and-saucer, candlestick--all point the way to big money.

 

[COcheesehead]

Technical analysis is where the money is made. Not the nontechnical analysis. More technical is better. Look at the stock chart, apply the technical tools, and buy and sell when the pattern emerges. Bollinger bands, the cup-and-saucer, candlestick--all point the way to big money.

You are way behind, the new analysis involves Rap songs. It's called the MAC D indicator which stands for Mack Daddy which came from somebodies pa who drove truck back in the day.

I made a lot a money with that shampoo pattern though, I think it's called Head and Shoulders.

 

[planman]

Actually this thread is going quite well. I have already reconnected with a guy that I knew from another site who can carry on an intelligent conversation and I have identified the Cheeseheads, Wahoo's and other intellectually challenged mastrubators that could have wasted a lot of my time, cheers boys.

 

[COcheesehead]

Actually this thread is going quite well. I have already reconnected with a guy that I knew from another site who can carry on an intelligent conversation and I have identified the Cheeseheads, Wahoo's and other intellectually challenged mastrubators that could have wasted a lot of my time, cheers boys.

I hope you invest better than you spell.

 

[Major Tom]

I hope you invest better than you spell.

Don't be so quick to judge the guy. Perhaps mastrubating is a sophisticated form of investing?

 

[Rustward]

Why can't we all just do our own thing(s)?

Planman wants to swap trading ideas. If you don't have any ideas to swap, why post in this thread?

If you think he is going to hang himself or drive off a cliff, advise him once then just let him do what he wants to do. He is probably an adult and can make his own decisions.

 

[COcheesehead]

Actually this thread is going quite well. I have already reconnected with a guy that I knew from another site who can carry on an intelligent conversation and I have identified the Cheeseheads, Wahoo's and other intellectually challenged mastrubators that could have wasted a lot of my time, cheers boys.

Actually there is a fair amount of intellect in this thread, but in the form of humor. If you took the antithesis of some of what was posted, there are some sound investment principles displayed. Never buy the open, use the macd indicator to understand trend, etc. Don't get mad, join in and have some fun.

 

[REWahoo]

He is probably an adult...

Don't be so quick to judge the guy.

+1