Markets are impossible to predict

Discussion in 'Trading' started by farmerjohn1324, Jan 8, 2020.

  1. I want to play roulette with 60% odds of winning.
     
    #51     Jan 8, 2020
  2. ET180

    ET180

    My point was that art and collectible cars do not produce dividends or offer any kind of return, but a few examples have returned a lot over the years. So I'm challenging someone's definition of investment.
     
    #52     Jan 8, 2020
  3. They could if you charge a fee to look at it. Or if you rent it to a museum.

    How many people bought a ticket to the Louvre today because they wanted to see the Mona Lisa?

    But I think we're beyond off-topic at this point.
     
    #53     Jan 8, 2020
    Overnight likes this.
  4. I sold my position close to the top -1600 and was able to exit because of the 24/7 liquidity.
    If you claim, you would have sold on news.....futures market would have gave you that freedom.

    There is also no decay and there is the leverage you are looking for.
     
    #54     Jan 8, 2020
  5. Yes and a lot more than just 3x leverage. What is the symbol of the futures contract you're referring to?
     
    #55     Jan 8, 2020
  6. %%
    Gold, DGP, NUGT, SPY, QQQ, UPRO, SPXL is much more liquid;
    if some one likes to work on cars, fine + I don't==that is different LOL.:D:D:D:D:D:D:D,:caution::caution:
     
    #56     Jan 8, 2020
  7. dozu888

    dozu888

    on day-to-day, no... but you can figure out the pro boys game plan.... check my posts in recent years, how many times I have advised on the qqq.
     
    #57     Jan 8, 2020
    tomorton and murray t turtle like this.
  8. %%
    That ;
    + QQQ, SPY,[ SPLX or UPRO sometimes, NOT buy + hold like cash ETFs]trends above 200 dma.........................................................................................................
     
    #58     Jan 8, 2020
  9. dozu888

    dozu888

    you can call it 'predicting', but that's not the best word.

    again - do yourself a favor, if you want to make money, read thru my posts, how a profitable trader think - you are sitting at this poker table.

    who are the players - Smart Sam and Dumb Dave, and you.
    what are they holding - they can either be long, flat or short;
    Smart Sam controls the media - what is he telling Dumb Dave?
    observe what happens to the price after Sam pushes out stories;
    so what is Sam's plan?

    it's so simple - Sam, Dave, you - 3 guys playing poker.

    check my thread 'trading is easy', how profit is made thru logic, not back test forward test prediction blah.

    there are 1000 ways to make money, I am not saying others can't make money with other methods.

    I am talking about the easiest way.
     
    #59     Jan 8, 2020
  10. maxinger

    maxinger

    Past few days, people should be earning thousands and thousands of dollars,
    NOT losing thousands and thousands of dollars.

    Market has been very trendy ie very easy to trade and earn money.

    Why people lose money?

    - Because they listen to the experts.
    Experts said when there were bombing, people invest in safe haven like gold.

    - Because they try to predict the market.
    They did not design their trade plan based on the fact that market cannot be predicted.

    - Because they don't do day trading.

    - Because they failed to focus on charts and nothing but charts

    year 2020 is going to be very very good year for trading.
    Because the starting has been very good !

    ________________
     
    #60     Jan 8, 2020