Beer Virus V

[jamil]

Some of the most financially conservatives I know are day traders. They have a well researched market segment they work in and know if X happens one day there is a probability y happens after. They have researched the timing and the stocks, getting in just before the change and right back out after. They do not share info with outsiders so I have no idea even the segment, but he does well with it...

Not all day trading is crazy Vegas style trading that so many envision when it comes up...

I don’t think day trading is crazy Vegas stuff. That line was T.Lex anyway. I said “voodoo”. What I was talking about was using technicals to predict what a stock or market will do next. In other words, using a chart of the past to predict the future.

 

[Ingomike]

I don’t think day trading is crazy Vegas stuff. That line was T.Lex anyway. I said “voodoo”. What I was talking about was using technicals to predict what a stock or market will do next. In other words, using a chart of the past to predict the future.

I kind of thought what they were doing was pretty similar. Are you referring to analytics in any way?

 

[BugI02]

I don’t think day trading is crazy Vegas stuff. That line was T.Lex anyway. I said “voodoo”. What I was talking about was using technicals to predict what a stock or market will do next. In other words, using a chart of the past to predict the future.

So, how would that AI be coming up with actionable advice? Would it not be analyzing what has already happened in the markets and predicting what might happen in the future based on patterns in that information? And isn't that what technical analysis is

 

[nonobaddog]

To me day trading is more like paying for the fastest and best news feed and at least level 2 market maker info and reacting to news and changes faster than the hordes.
It deals more with the right now and very near future.

Buy the news and sell the pop.

Of course technical analysis deals more with the past, that is the only information available.

 

[BugI02]

To me day trading is more like paying for the fastest and best news feed and at least level 2 market maker info and reacting to news and changes faster than the hordes.
It deals more with the right now and very near future.

Buy the news and sell the pop.

Of course technical analysis deals more with the past, that is the only information available.

If you had put money into something like CPOAX three years ago you would have tripled your money, one year ago and you would have doubled it - and you could have done it all lying on a beach with no signal and no worries

 

[nonobaddog]

If you had put money into something like CPOAX three years ago you would have tripled your money, one year ago and you would have doubled it - and you could have done it all lying on a beach with no signal and no worries

I was just explaining what day trading was to me. I haven't been doing that for years.
You have just described the way I actually trade now. I bought a whole bunch last March and still have most of them. A couple are close to tripling, a few doubling and the rest are good gainers.
But I don't see no beach here...

 

[jamil]

So, how would that AI be coming up with actionable advice? Would it not be analyzing what has already happened in the markets and predicting what might happen in the future based on patterns in that information? And isn't that what technical analysis is

Oh, Idunno. I suppose you could spread out some entrails and let AI learn whatever it can from it to divine the future.

 

[BugI02]

Oh, Idunno. I suppose you could spread out some entrails and let AI learn whatever it can from it to divine the future.

Do you believe markets are efficient?

If you don't, we can stop right there. If you do, why would you believe that what has already happened in the market is unrelated to what will happen? Not saying pinpoint predictions can be made, but trends can be deduced

 

[BugI02]

I was just explaining what day trading was to me. I haven't been doing that for years.
You have just described the way I actually trade now. I bought a whole bunch last March and still have most of them. A couple are close to tripling, a few doubling and the rest are good gainers.
But I don't see no beach here...

Yeah, I've been nosing around rare earth etfs, but man o man are they ever volatile. They have a lot of potential, one also doubled this year, but it looks like a wild ride without a clear exit point

 

[nonobaddog]

I definitely believe trends can be deduced. Past performance can be used as one factor to evaluate the management team and point one toward solid stocks that have a better than average chance at gains.

 

[nonobaddog]

Yeah, I've been nosing around rare earth etfs, but man o man are they ever volatile. They have a lot of potential, one also doubled this year, but it looks like a wild ride without a clear exit point

They certainly have a lot of potential but China has too much influence in rare earths for me.

 

[jamil]

Do you believe markets are efficient?

If you don't, we can stop right there. If you do, why would you believe that what has already happened in the market is unrelated to what will happen? Not saying pinpoint predictions can be made, but trends can be deduced

What’s happened in the market had the causes of the day. The trend-lines won’t tell you what drove the market to do what it did. It can’t possibly predict that a chart pattern means that what drove it before is in play again. Trading based on technicals is foolish. It’s not 50-50. But it’s also not a lot better.

 

[jamil]

I definitely believe trends can be deduced. Past performance can be used as one factor to evaluate the management team and point one toward solid stocks that have a better than average chance at gains.

It’s the total package. Look at fundamentals and all the knowable factors which might influence a stock, and a solid trend, and you could do well.

 

[nonobaddog]

It’s the total package. Look at fundamentals and all the knowable factors which might influence a stock, and a solid trend, and you could do well.

I used to day trade a long time ago but now I am not willing to put the time in for that. So now I just look for opportunities. Last March was one of those opportunities. When the market was tanking it was just screaming "Buy"! I opened an additional account and dumped a bunch into various stuff, sometimes without even doing enough due diligence, but I knew the timing was right. It really paid off. Now those buys are old enough that they are long term capital gains so I could start taking profit - or not. I'll probably just tighten up the stop-loss orders a little and let em ride.

 

[BigRed]

I guess its comforting to think that people, even evil people, are behind it all because the idea that the world is running on the ragged edge of chaos at any one time because no one is in charge or has a grand scheme is too frightening to acknowledge.

Some need leaders I suppose.

 

[BigRed]

 

[BigRed]

AI says - buy low, sell high.

Clowns here will demonstrate with all their expertise how difficult that is.

 

[BigRed]

Heard on the radio France is "locking down" for a number of weeks...

Did I hear it correctly?

WTH

 

[jamil]

I used to day trade a long time ago but now I am not willing to put the time in for that. So now I just look for opportunities. Last March was one of those opportunities. When the market was tanking it was just screaming "Buy"! I opened an additional account and dumped a bunch into various stuff, sometimes without even doing enough due diligence, but I knew the timing was right. It really paid off. Now those buys are old enough that they are long term capital gains so I could start taking profit - or not. I'll probably just tighten up the stop-loss orders a little and let em ride.

That’s what I started doing. I used to sink a lot of time into the stock market. But now I mostly invest in ETF’s that represent industries I think will gain. At first it was fun and kinda exciting. But it became a chore. It’s one of my least favorite things to do.

 

[jamil]

Heard on the radio France is "locking down" for a number of weeks...

Did I hear it correctly?

WTH

WTF? Why?