As stated by rolegario on page 13 plus or minus: Posts: 62 05-30-03 10:18 AM Mr Market -- After having read through your stock picking model, one question sticks out. You clearly state in your model to "Buy this stock. In a typical bull market, the stock will, on average, achieve a 15% gain within 4 to 6 weeks. Sell the stock and repeat the process." And yet, in your "open positions" table you list six stocks (PTSI, ACMR, FRED, AXL, OHB, and CHKE) that have an average loss of 15.8% and that you've held for over a year. By holding those positions for so long you're going against your model, tying up capital, and potentially compounding unrealized losses. Can you please reconcile this? Wouldn't it have been better to dump these stocks after 6 weeks and free up your capital to put it into more productive positions? If you add your current holdings that are older than 6 weeks to your closed trades (since the start of 2002), you have 27 trades for an average gain of 8.35%. Still impressive, but roughly half the return of what you're claiming.
I wanted to learn from you. so i asked a few Q's. You replied that you had a job and three kids so you didn't have time for that stuff I asked about. rolegario filled in for you and let us know how it goes using your rules. You don't follow your rules as yet. I suggested about 6 improvements to you to improve the 8% you are doing.
The posts I just made will raise a question for the people at ET. The question is: How does a guy who says he's educated not know how much money he is making by any standard type of calculation? the corrollary: why does he set up rules to follow and break them to be able to say the word "consecutive"? Okay the questions do answer themselves for almost all of us. Why is MM still not catching on if he has responsibilities etc? Are there other people out there walking around like this?
1) Do NOT feed the animals (especially hairy monkeys) 2) Do NOT feed the animals (especially hairy monkeys) for you to be so thick to what's going on here, you must have slipped on your bladder bag and hit your head, as TM said. Now wake up! MM is playin you for a fool. But that's only if you ask me. end of thread.
No, he and TM are unable to really play. They don't have it. To play, you really have to have it. These two are not able to keep track of stuff even. How can a person play if they can't keep track of stuff, even. Think about it. It's really loosey goosey with these amateur characters. Have you ever seen TM do anything but be in marginal reaction? Thet won't even open the attachment.
Wanna see one of my (real) trades, mrmarket? 1:35 ( my time) - Long NTES @33.47 (SL 33.39) 1:48 - Sold NTES @34.19 Not like your 15%-moves, mr.monster - But hey - Considering an 8-cent stop-loss, the ~2.16% gain doesn't look all that bad. It's got one of the highest ratings (most of the move caught) in the last few days - I don't need to be HUGE - I'm happy with my 1%+ gains per day while you agonize over fundamentals you don't understand, anyway. (OK, that was my best trade yesterday all right - But hey, I made a dozen other trades with anything from -0.2% to 1.82% gain. This is what I do all day, mr.monkey, and in the end you bet that it makes a lot more than your fake position-sit-thru shite. If you're a trader, it's the little, low-risk stuff that counts, like that particular reversal point in NTES - Easy trade setup, btw UR welcome to see yourself on the chart... Then, maybe a light will go on in mr.monkey's head, he will realizie that for some peculiar reason prices sometimes seems to 'bounce off' levels. Next thing he reads about support and resistance... Fascinating. Hairy man's first erect steps into a world of profitable trading. I am not HUGE (yet), but I'm fine. ~Scientist.
Of course not...You are the Jack Hershey who wears a druel cup and soils his pants in the nursing home....and the one who won;t admit it when he's wrong.....You were wrong, plain and simple...and if you are going to challenge somebody's pick be prepared to back it up...now it's time for your nap ...let me get the orderly for you.