Topic: What is your trading strategy? - page 74. (Read 304667 times)
I bought some altcoin at a very cheap price ranges. then I wait and sell at a high price. My strategy is to resist patience. I waited a very appropriate time to achieve a large profit.
so how you can know that i'm clueless about trading, if you can't say that it's not akin to poker, which was my whole argument?
it's not about "i didn't talk about the difference, like you said" it's about the fact that you need to know the difference if you want to say that i'm clueless
it's not about "i didn't talk about the difference, like you said" it's about the fact that you need to know the difference if you want to say that i'm clueless
Well, I looked into what you might mean by +ev/-ev in respect to poker, and can only further confirm that you are clueless about trading. The expected value (ev) can be in player’s favor in games involving not only luck but also skill. One of such occurrences is poker where an experienced player can and should win in the long run (taken from here). This is absolutely not the case with trading. A skilled trader (unless he is cheating himself) in the long run can only minimize his losses by increasing the losses of less skilled traders (-ev for all non-cheaters). He can't take profits from those who arbitrage the system. To avoid losses, he can only stay away from trading altogether...
If you knew in advance what the price would be, there would be no way that someone willing to trade with you could escape losses however advanced his trading skills might be
@deisik,
As far as what I understand from your sayings, you think the investment arena is based on pure luck. Am I correct?
Best,
Jian
so how you can know that i'm clueless about trading, if you can't say that it's not akin to poker, which was my whole argument?
it's not about "i didn't talk about the difference, like you said" it's about the fact that you need to know the difference if you want to say that i'm clueless
it's not about "i didn't talk about the difference, like you said" it's about the fact that you need to know the difference if you want to say that i'm clueless
Well, I looked into what you might mean by +ev/-ev in respect to poker, and can only further confirm that you are clueless about trading. The expected value (ev) can be in player’s favor in games involving not only luck but also skill. One of such occurrences is poker where an experienced player can and should win in the long run (taken from here). This is absolutely not the case with trading. A skilled trader (unless he himself is cheating) in the long run can only minimize his losses by increasing the losses of the less skilled traders (-ev for all non-cheaters in a zero-sum game, and entropy for the rest of the world). He can't take profits from those who arbitrage the system. To avoid losses, he can only stay away from trading altogether or find ways to fuck (arbitrage) the system himself...
If you knew in advance what the price would be, there could possibly be no way that someone willing to trade with you would escape losses, no matter how advanced his trading skills might be
i'm just using my strategy the short trade fast one cause it can get profit fast and can double your bitcoin in just an hour and that's the reason i earn almost 10 times of my starting btc on trading now and still profiting
again pointless argument, trading in general is not arbitrage only, it's about trading you do on exchange and the gain come from your skill not from already established profit opportunity, arbitrage is another thing even if it is a form of trading we are not talking exclusively about it
As I said, you are clueless about trading. Most likely, you are clueless about poker too, but that I don't know for sure, lol. It seems that it's beyond your cognitive abilities to grasp that arbitrageurs are selling losses to the whole shebang, that they heavily distort the chances of those whose gains "come from your skill", you moron. Their profits are necessarily someone else's losses. It is not another thing, it is specifically the thing that makes trading a losing game for the total majority of traders in the long run...
You can't win against the house, and those who gain profits from "established profit opportunity" are the house. Anyone who begs to differ is either as clueless or a hypocrite
you are basing you "you are clueless about x thing" on nothing, but just on the fact that i presented to you the difference between poker and trading, but wait you don't know anything about poker
so how you can know that i'm clueless about trading, if you can't say that it's not akin to poker, which was my whole argument?
it's not about "i didn't talk about the difference, like you said" it's about the fact that you need to know the difference if you want to say that i'm clueless
seeing how your only criteria for knowing that i don't know shit about trading, is comparing it to poker, which again was my initial point
but as usual you are not understanding what i'm saying
You started with saying
trading is not much different than poker, someone must be +ev and the other are all -ev
As I said, I don't know whether your words are true about poker (they may well be, if that makes you happy, lol), but you made a statement which attributed (assigned) these properties to trading. It is equivalent to just saying that in trading "someone must be +ev and the other are all -ev" (cheaters are). Now tell me whether I should know anything about poker to challenge your statement about trading?
You seem to really lack something in your cognitive and inference-making abilities
again pointless argument, trading in general is not arbitrage only, it's about trading you do on exchange and the gain come from your skill not from already established profit opportunity, arbitrage is another thing even if it is a form of trading we are not talking exclusively about it
As I said, you are clueless about trading. Most likely, you are clueless about poker too, but that I don't know for sure, lol. It seems that it's beyond your cognitive abilities to grasp that arbitrageurs are selling losses to the whole shebang, that they heavily distort the chances of those whose gains "come from your skill", you moron. Their profits are necessarily someone else's losses. It is not another thing, it is specifically the thing that makes trading a losing game for the total majority of traders in the long run...
You can't win against the house, and those who gain profits from "established profit opportunity" are the house. Anyone who begs to differ is either as clueless or a hypocrite
you are basing you "you are clueless about x thing" on nothing, but just on the fact that i presented to you the difference between poker and trading, but wait you don't know anything about poker
so how you can know that i'm clueless about trading, if you can't say that it's not akin to poker, which was my whole argument?
it's not about "i didn't talk about the difference, like you said" it's about the fact that you need to know the difference if you want to say that i'm clueless
seeing how your only criteria for knowing that i don't know shit about trading, is comparing it to poker, which again was my initial point
but as usual you are not understanding what i'm saying
It's funny to see and know that newbies are mostly waiting for the price to go up before they buy anything.
And after they have bought, they most likely will complain and say ; Always when I buy it goes down, Bitcoin will never work.
They blame Bitcoin for their own failure
And after they have bought, they most likely will complain and say ; Always when I buy it goes down, Bitcoin will never work.
They blame Bitcoin for their own failure
I know people like it, doing it with every market title without stopping changing market...
Let them fail.
and the newbie is me
It's funny to see and know that newbies are mostly waiting for the price to go up before they buy anything.
And after they have bought, they most likely will complain and say ; Always when I buy it goes down, Bitcoin will never work.
They blame Bitcoin for their own failure
And after they have bought, they most likely will complain and say ; Always when I buy it goes down, Bitcoin will never work.
They blame Bitcoin for their own failure
I know people like it, doing it with every market title without stopping changing market...
Let them fail.
again pointless argument, trading in general is not arbitrage only, it's about trading you do on exchange and the gain come from your skill not from already established profit opportunity, arbitrage is another thing even if it is a form of trading we are not talking exclusively about it
As I said, you are clueless about trading. Most likely, you are clueless about poker too, but that I don't know for sure, lol. It seems that it's beyond your cognitive abilities to grasp that arbitrageurs are selling losses to the whole shebang, that they heavily distort the chances of those whose gains "come from your skill", you moron. Their profits are necessarily someone else's losses. It is not another thing, it is specifically the thing that makes trading a losing game for the total majority of traders in the long run...
You can't win against the house, and those who gain profits from "established profit opportunity" are the house. Anyone who begs to differ is either as clueless or a hypocrite
trading is not much different than poker, someone must be +ev and the other are all -ev
I see that you don't have a clue what trading is actually about, lol. I don't know about poker, but if markets are efficient (no arbitrage opportunities, no insider trading), and all traders have equal access to the same information sources, there cannot be even theoretically such a strategy that would give you +ev. If someone is winning, he is either just lucky enough or he can somehow arbitrage the system. And just because some traders can actually do that (e.g. have access to insider info, can front-run other traders' orders, etc), the rest of the gang is bound to fail in the long run...
There is no Holy Grail (for everyone, lol)
so you say that i don't have a clue, and then you say that you don't know about poker? this is fucking hilarious, i think it's you that you don't know about the difference between the two
You don't have a clue about trading. I say nothing about poker (except that I don't know anything substantial about it). That's why I talk only about trading, not about the difference between the two. It may well happen that in poker there are winning strategies, though I pretty much don't care...
But you seem to have failed to realize this
i have a clue about trading and i said to you that it's akin to poker, now you seems to not know about poker, so how can you even think about understanding the difference? pointless discussion
Nowhere do I say about the difference, I specifically point this out. Ferstein? You go and read my post(s) again and again, until you finally come to understand that I don't need to know a fuck about poker (blackjack, preference, or whatever) to make a conclusion about trading. You can read this last part a few times as well, wtf...
You may really want to take some cognition-enhancing drugs
trading is not much different than poker, someone must be +ev and the other are all -ev
I see that you don't have a clue what trading is actually about, lol. I don't know about poker, but if markets are efficient (no arbitrage opportunities, no insider trading), and all traders have equal access to the same information sources, there cannot be even theoretically such a strategy that would give you +ev. If someone is winning, he is either just lucky enough or he can somehow arbitrage the system. And just because some traders can actually do that (e.g. have access to insider info, can front-run other traders' orders, etc), the rest of the gang is bound to fail in the long run...
There is no Holy Grail (for everyone, lol)
so you say that i don't have a clue, and then you say that you don't know about poker? this is fucking hilarious, i think it's you that you don't know about the difference between the two
You don't have a clue about trading. I say nothing about poker (except that I don't know anything substantial about it). That's why I talk only about trading, not about the difference between the two. It may well happen that in poker there are winning strategies, though I pretty much don't care...
But you seem to have failed to realize this
i have a clue about trading and i said to you that it's akin to poker, now you seems to not know about poker, so how can you even think about understanding the difference? pointless discussion
and based on what especially you say that i don't have a clue, if not about the fact that you think it's not similar to poker but again you don't know shit about it lol, which was my only argument there btw, utterly no-sense
btw the thread is not about arbitrage but about trading, read the title
Arbitrage is necessarily a part of trading, your words prove spot-on your lack of understanding, your incongruent failure to see the whole picture, lol
Or your hideous hypocrisy (just in case), wtf
again pointless argument, trading in general is not arbitrage only, it's about trading you do on exchange and the gain come from your skill not from already established profit opportunity, arbitrage is another thing even if it is a form of trading we are not talking exclusively about it
you point is moot again, poker is much more akin than arbitrage to trading itself, but oh wait you don't know about poker, so again uselesses discussion just for spamming no-sense
Stay read toblostbsome money. Trade is a lucky game and knowledge game.
You win or you lost.
Read about coin before invest, search About projects and politcs to be able make a good trade.
Dont be a panic, you can lost your money or your profit.
You win or you lost.
Read about coin before invest, search About projects and politcs to be able make a good trade.
Dont be a panic, you can lost your money or your profit.
well not daily but you can aim at an overall +ev esperience in the long run, unless you are playing in a market where very bot is better than you
And while we are at it, could you as well tell me how you aim at an overall +ev experience? I mean the gory details. Or is it just a more subtle way to say "buy low, sell high"?
But you have also to know that trading will be only good to people when they cant sell their coin for a lot of profit.
btw the thread is not about arbitrage but about trading, read the title
Arbitrage is necessarily a part of trading, your words prove spot-on your lack of understanding, your incongruent failure to see the whole picture, lol
Or your hideous hypocrisy (just in case), wtf
trading is not much different than poker, someone must be +ev and the other are all -ev
I see that you don't have a clue what trading is actually about, lol. I don't know about poker, but if markets are efficient (no arbitrage opportunities, no insider trading), and all traders have equal access to the same information sources, there cannot be even theoretically such a strategy that would give you +ev. If someone is winning, he is either just lucky enough or he can somehow arbitrage the system. And just because some traders can actually do that (e.g. have access to insider info, can front-run other traders' orders, etc), the rest of the gang is bound to fail in the long run...
There is no Holy Grail (for everyone, lol)
so you say that i don't have a clue, and then you say that you don't know about poker? this is fucking hilarious, i think it's you that you don't know about the difference between the two
You don't have a clue about trading. I say nothing about poker (except that I don't know anything substantial about it). That's why I talk only about trading, not about the difference between the two. It may well happen that in poker there are winning strategies, though I pretty much don't care...
But you seem to have failed to realize this
I do not have a real strategy to trade, I just sometimes take the risk to trade on the right moment.
The thing I mostly do is looking at the upcoming future and the price it has.
The thing I mostly do is looking at the upcoming future and the price it has.
I also have the same thought, just sometimes trade when you want, I do not have a real plan but I just look at the prices and sometimes at the upcoming altcoins that are growing.
I do not have a real strategy to trade, I just sometimes take the risk to trade on the right moment.
The thing I mostly do is looking at the upcoming future and the price it has.
The thing I mostly do is looking at the upcoming future and the price it has.
I also have the same thought, just sometimes trade when you want, I do not have a real plan but I just look at the prices and sometimes at the upcoming altcoins that are growing.
trading is not much different than poker, someone must be +ev and the other are all -ev
I see that you don't have a clue what trading is actually about, lol. I don't know about poker, but if markets are efficient (no arbitrage opportunities, no insider trading), and all traders have equal access to the same information sources, there cannot be even theoretically such a strategy that would give you +ev. If someone is winning, he is either just lucky enough or he can somehow arbitrage the system. And just because some traders can actually do that (e.g. have access to insider info, can front-run other traders' orders, etc), the rest of the gang is bound to fail in the long run...
There is no Holy Grail (for everyone, lol)
so you say that i don't have a clue, and then you say that you don't know about poker? this is fucking hilarious, i think it's you that you don't know about the difference between the two
and i can tell you that there is no much difference, i played with both, and while i'm not good at gambling, i did grasp perfectly what those two are about
every big poker player will tell you the same, they are very akin
btw the thread is not about arbitrage but about trading, read the title
trading is not much different than poker, someone must be +ev and the other are all -ev
I see that you don't have a clue what trading is actually about, lol. I don't know about poker, but if markets are efficient (no arbitrage opportunities, no insider trading), and all traders have equal access to the same information sources, there cannot be even theoretically such a strategy that would give you +ev. If someone is winning, he is either just lucky enough or he can somehow arbitrage the system. And just because some traders can actually do that (e.g. have access to insider info, can front-run other traders' orders, etc), the rest of the gang is bound to fail in the long run...
There is no Holy Grail (for everyone, lol)
I buy low sell high. My best is to read the newspaper and try to figure out big, long term moves. What I don't do is watch CNBC. Everytime I do that I get sucked in a throw money away.
Jump to: