"Sometimes, not often, these stocks don't make it to 15% and languish. That's ok too...what has happened is that these stocks have metamorphosized into 'value' stocks" is like a trader who, because his stop was blown and is now holding a losing position, decides to increase his timeframe and turns a short term position into a longer term position in the hopes that giving it more time will work out. Two questions: Last November, you had 10 losing positions. As of recently, you've had 10 losing positions. There have likely been many wonderful opportunites in between the two dates. How much profit do you think that has cost you to not re-invest the funds from the 10 losing positions? mr. market, if your "momentum stock becomes value stock" becomes such a value by that turn of events, why don't you ever buy more of it?
Actually, it's kind of fun to say I have 52 consecutive profitable trades of 15% or better. There are 678 members of my free website that think its fun also. I think beating the market each and every year for the last 12 years is, in fact, maximizing my return. Since every money manager on Wall Street would like to have this record, why do you think I am being sub-optimal?
Because they read a different Book of Common Wisdom than you did. If that makes no sense, read one of the religion threads in ChitChat.
There you go again, making this spurious conclusion. 1. The 678 is a total tally of number of subscriptions. Not all of the members are active at this time. 2. You do not have a statement from all 678 members wherein they state agreement that they think your boasting is "fun also". When you make unfounded statements like that, it undermines your already precarious credibility. PS. Nice use of a post to promote your website, especially what with slipping in the word "free", as if that was necessary.
I respectfully disagree.....When mrmarkets thread appeared in my email, I was happy....I just wish I could engage him in a meaningful discourse and a rebuttal to my last post. Mrmarket, I hope we can talk soon. Please keep posting, you are a good read, and in your way can share.....and I honestly can say I would truly miss your posts.... come on say it!!!!! let me hear it!!!! I AM HUGE .....Send me you finest meat and cheeses!!!!!! LOL ROFL oh then there is the bench press thing and the division one thing...and we can't forget the Wharton .....oh too funny lol Michael B. P.S. actually the other folks here on ET also make this enjoyable with the bashing, rebuttals and such....I don't know if some of them are serious, but that would make it even funnier
I too enjoy the banter and I have fun toying with most of the folks that, for some reason, think they understand my model better than I do. Life is a joke, most people don't get it. When I see more people congratulating others for their successes, I'll start to believe that more than a handful of people on ET make money trading. When someone makes a great trade, you rarely see someone say, "Congrats! Awesome! Keep it up!" Instead you see people demanding that you scan and post your brokerage statements. What is that? Unfortunately, most of the people who post here seem to be very bitter and cynical..sad..very sad. Quite frankly, I learn from some of the people on here, like yourself. I think this is an important revelation since usually the only people I usually listen to are Ivy League graduates who played football in college. Thanks for your enlightened receptiveness to my ideas. You are clearly someone who "gets it".
MrMarket, How would you know if I were not an Ivy League football player? or even a doctor or one of your professors, assuming you went to college? Perhaps I could even be an idiotsavant heavily medicated LOL I did like Dustin Hoffman in rainmain....great movie Your assumptions are noted and Thank you for the kind words.... I am HUGE too, actually I am ENOURMOUS....take it from mrmarket by the way I will match my IQ to any ET'r ....no lets not start this...I will leave the hugeness to mrmarket (and scientist), I retract my statement about iq above. Michael B. P.S. where is Scientist these days? I miss his Australian arrogance. I took him off of ignore.....