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Rogers buying Shaw announced this morning. No surprise, Shaw bolted out of the gates this morning.
Interesting though that they are still trading 15% or more below the takeover price. I suppose that reflects a strong belief that the deal might not go through - potentially on anti-trust concerns.
-Mark
__________________ I'm old now - boring street cars and sweet race cars.
Warren Buffet also publicly states over and over that he does not believe in timing the market and has held many of the same positions for decades. Cherrypicking one Buffet quote out of context does not lend any more credibility to your approach.
For what it's worth, nobody has ever gone broke taking profits, and you are of course entitled to your risk tolerance about when to take cash off the table.
However, I believe strongly that research is clear that one of the most important factors in overall return is time in market and generally speaking, people who go to cash between their tactical moves perform worse than those who just stay fully invested. This is intuitive if you believe that the market always move upwards over a long enough time horizon.
-Mark
That’s warren buffet’s style. The point was the typical diversifying is only for the ignorant.
Time held is irrelevant, it all depends on what time length your naturally tuned perceptual awareness to certain market information is.
I forgot who said it, but it went something like: people will always deny, doubt, and put down, what they, themselves do not have the ability to do.
Warren Buffet obviously does not have the ability to day trade or do anything in the short term. His edge is his way of filtering stocks, and time held.
Yes, you are right, most traders lose money going in and out of securities rather than holding long term. But you also forget MOST “traders” are also really shitty traders that lose money overall, and could be hardly considered “traders”. More like people with full time jobs and trading... gambling, as a side hobby.
Mark Douglas once begged the question of whether the difference between consistent winners and everyone else boiled down to intelligence... or if they worked harder... or if they’re better analysts... or better trading systems? They all sound possible except when you consider that most of the trading industries failures are also societies brightest and most accomplished people.
The largest group of consistent losers is made up of primarily doctors, lawyers, engineers, CEO’s, wealthy retirees and entrepreneurs. On top of that the industry’s best market analysts are the worst traders imaginable.
You just have to find your edge and keep at it.
MOST people lose money going in and out of the market, but some don’t. It’s your duty to find out if you’ve got the stuff other traders wished they had.
Look at traders like Jesse Livermore, Richard Dennis & the Turtles, & Paul Tudor Jones. There are hundreds of thousands of others similar to them that fly by unseen. None of them trade like Warren Buffet.
Like I said above, people doubt what they are inept at.
You don’t have to know what happens next, to make money in the markets. You just have to be consistent in managing your entries and exits after you enter.
All the research in the world doesn’t matter if most of the traders out there don’t read about, or are oblivious to that information. At the end of the day it’s the traders that move the markets, not some mathematical economics theory. And traders repeatedly do stupid irrational things all the time, which these fundamental information do not account for.
I’m guessing Tesla will pump Monday morn after Cathie Woods new price target. Might sell and buy back in Tuesday when it dips again, lol. I never have the balls to swing trade this stuff.
Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good!
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im still weary of the markets. the inner bear is coming out. weary.
I figure after arguing with you guys, thought about it... I figure I can do both strategies. I'll just do the long term shit in my TFSA, and all my day and swing trades in my normal account. since none of my strategies work in TFSA... I can't sell puts or day trade lol. And I'm definitely not gonna buy options in my TFSA lol.
In fact I was so lazy I thought about just buying the sp500 instead, and averaging it out over time lol. but... nah. well maybe, I can start a 3rd "long term" trade and just do that, lol let u guys know in 20 years which strategy came out top haha.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
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