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    Forums ›› Main ›› Wall St. News ›› Mark Cuban breaks one of tradings golden rules  


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OnClose
 

Registered: Nov 2010
Posts: 391

 

06-18-12 04:42 PM

you NEVER add to a losing position.

http://video.cnbc.com/gallery/?video=3000096105&play=1

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50/50
 

Registered: Jun 2012
Posts: 109

 

06-18-12 04:55 PM

Have you heard of "building a position"?

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Bison42
 

Registered: May 2012
Posts: 86

 

06-18-12 05:11 PM

Your IQ doesn't increase as you make lots of money. Dumbass trade. Got what he deserved.

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LVMises
 

Registered: Nov 2008
Posts: 116

 

06-18-12 05:38 PM

http://investmentxyz.blogspot.com/2...mous-trade.html

Cuban is one of the biggest hypocrites out there. He preserved his fortune on the backs of market makers and traders who provided him liquidity on his Yahoo collar, then proceeds to speak out against them.

http://blogs.wsj.com/deals/2010/08/...e-stock-market/


Why this guy doesn't get called out on tv is beyond me. His rhetoric makes me sick

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spd
 

Registered: Dec 2008
Posts: 1158

 

06-18-12 05:47 PM


Quote from LVMises:

He preserved his fortune on the backs of market makers and traders who provided him liquidity on his Yahoo collar, then proceeds to speak out against them.




Your winning trades are facilitated on the backs of market makers or other traders providing you liquidity. And you are also entitled to speak out against whoever may be on the other side of your trade, whether it be true statements or unfounded ad hominem.

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50/50
 

Registered: Jun 2012
Posts: 109

 

06-18-12 06:06 PM

Very difficult getting it right on first shot. That's why they have artillery spotters.

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