Gyroscopic Investing

frugal wrote: http://www.myfxbook.com/members/FxGridT ... -fx/294047

What do you think of these returns?

Scam or real?

frugal wrote: http://www.myfxbook.com/members/FxGridT ... -fx/294047

What do you think of these returns?

Scam or real?

Just Follow These Simple Steps:

1 Find The Best Stocks to Trade
2 Learn My Niche Strategy and Profit BIG
3 Make a Full-time Living From Part-Time Trading

frugal wrote: There are people making big money with trading.

I like to be updated, and maybe one day do it...

frugal wrote: http://www.youtube.com/user/timothysyke ... ture=watch

do you know this american guy?


What do you think?

http://www.timothysykes.com/

frugal wrote: There are people making big money with trading.

I like to be updated, and maybe one day do it...

MachineGhost wrote:

frugal wrote: There are people making big money with trading.

I like to be updated, and maybe one day do it...

Then you should learn how properly, because the odds are stacked against you.  I suggest starting out by reading the book, Trading in the Zone by Mark Douglas.

MachineGhost wrote:

frugal wrote: http://www.youtube.com/user/timothysyke ... ture=watch

do you know this american guy?


What do you think?

http://www.timothysykes.com/

I have to admit hes one of the rare breeds that walks the talk.  But his approach is basically riding the pump n' dump.  Thats a different beast than investing via fundmentals or trading via technical analysis.

frugal wrote: I know that +90% loses

but I want to find the way to be on the other 10%

it is possible, I don't understand why you are all so ceptic

Pointedstick wrote:

frugal wrote: I know that +90% loses

but I want to find the way to be on the other 10%

it is possible, I don't understand why you are all so ceptic

Being in that 10% requires basically making it your full-time job, first to truly understand the foundations of the macroeconomy (divorcing it from your political views, especially), then get a rigorous education in finance, then learn to analyze domestic stocks and bonds to learn how they react to events so you can truly predict how a new event will affect them, then learn to do the same for the FOREX and commodity markets, and so on and so forth.

We are skeptical because the bankruptcy courts are filled with people who at one point said, "I bet I could do that; if 10% of people make it, what's stopping me from being one of them?"

There are some among us, such as Slotine and I believe TripleB, who have achieved this at points in time but realize just how risky it is and only do it with a fraction of their money.

MediumTex wrote:

Pointedstick wrote:

frugal wrote: I know that +90% loses

but I want to find the way to be on the other 10%

it is possible, I don't understand why you are all so ceptic

Being in that 10% requires basically making it your full-time job, first to truly understand the foundations of the macroeconomy (divorcing it from your political views, especially), then get a rigorous education in finance, then learn to analyze domestic stocks and bonds to learn how they react to events so you can truly predict how a new event will affect them, then learn to do the same for the FOREX and commodity markets, and so on and so forth.

We are skeptical because the bankruptcy courts are filled with people who at one point said, "I bet I could do that; if 10% of people make it, what's stopping me from being one of them?"

There are some among us, such as Slotine and I believe TripleB, who have achieved this at points in time but realize just how risky it is and only do it with a fraction of their money.

There are also apparently people who make a nice living playing poker.

Any means of livelihood that depends upon being right in a speculative game often enough to make a living is IMHO an inherently stressful way to support yourself.

Many people who are attracted to the PP are attracted to the idea of reducing financial risk in their lives as much as possible.  It makes sense that such a group would be skeptical of day trading and the notion of easy profits in general.

frugal wrote:

MediumTex wrote:

Pointedstick wrote: Being in that 10% requires basically making it your full-time job, first to truly understand the foundations of the macroeconomy (divorcing it from your political views, especially), then get a rigorous education in finance, then learn to analyze domestic stocks and bonds to learn how they react to events so you can truly predict how a new event will affect them, then learn to do the same for the FOREX and commodity markets, and so on and so forth.

We are skeptical because the bankruptcy courts are filled with people who at one point said, "I bet I could do that; if 10% of people make it, what's stopping me from being one of them?"

There are some among us, such as Slotine and I believe TripleB, who have achieved this at points in time but realize just how risky it is and only do it with a fraction of their money.

There are also apparently people who make a nice living playing poker.

Any means of livelihood that depends upon being right in a speculative game often enough to make a living is IMHO an inherently stressful way to support yourself.

Many people who are attracted to the PP are attracted to the idea of reducing financial risk in their lives as much as possible.  It makes sense that such a group would be skeptical of day trading and the notion of easy profits in general.

MT,

it is not easy profits.

If someone find an edge in the market and can explore it taking profits, thats a good work.

It may not work forever, but there are plenty Trend following traders (for example) with excellent results.

frugal wrote: The perfection is to have a system with trend indicators + non trending stochastic indicators working together.

frugal wrote:

MachineGhost wrote: Then you should learn how properly, because the odds are stacked against you.  I suggest starting out by reading the book, Trading in the Zone by Mark Douglas.

I read many years ago.

MachineGhost wrote:

frugal wrote:

MachineGhost wrote: Then you should learn how properly, because the odds are stacked against you.  I suggest starting out by reading the book, Trading in the Zone by Mark Douglas.

I read many years ago.

You may want to re-read it with benefit of your new wannabe-trader perspective.  How about Trade your Way to Financial Freedom by Van Tharp?  Between those two, you should be ready to trade.

frugal wrote: I read dozens of books, but none is totaly helpful, you have to find your way and system.

Thomas Hoog wrote: Funny, we discuss daytrading during X-mas dinner, because one brother-in-law will start daytrading because he has lost his job, something in the financial world. The other brother-in-law know really one couple who makes a living out of daytrading and more. figures about 500 k a year.
And they fitted in the discription of pointedstick:
"Being in that 10% requires basically making it your full-time job, first to truly understand the foundations of the macroeconomy (divorcing it from your political views, especially), then get a rigorous education in finance, then learn to analyze domestic stocks and bonds to learn how they react to events so you can truly predict how a new event will affect them, then learn to do the same for the FOREX and commodity markets, and so on and so forth."
So it exist, but you have to be build out of some unique qualities.

MachineGhost wrote:

frugal wrote: I read dozens of books, but none is totaly helpful, you have to find your way and system.

It occured to me that you would really benefit from stockbee's private membership site.  He has about two handfuls of semi-quantitative strategies that you can learn from, as well as market timing.  If you don't like his breakout approach, then you can wipe that off your list of tactics to consider.