Re: POKER VS STOCKS
 

just you can't do it doesn't mean it can't be done [img]/images/graemlins/wink.gif[/img]

Re: POKER VS STOCKS
 

Trades for the day:

sold GZFX Gap +.0003 on 400k +120
in 5k UGHO on earnings .90 out +.05 +250
in 6k TKER on break 1.59 out +.06 avg +360
in 10k XDSL on bounce .16 +.01 +100

Slow day but up 800 hopefully stuff will pick up before the close

not much cash was used just around 17kish

Re: POKER VS STOCKS
 

In some AVNA 2k shs @ 2.20(i would have much more if i woulda caught the first break @ 2) on chart (looks like it could fill gap down to 3ish) risking .10 if it doesn't but as i'm typing its moving 2.27

Re: POKER VS STOCKS
 

[ QUOTE ]
Trades for the day:

sold GZFX Gap +.0003 on 400k +120
in 5k UGHO on earnings .90 out +.05 +250
in 6k TKER on break 1.59 out +.06 avg +360
in 10k XDSL on bounce .16 +.01 +100


[/ QUOTE ]

I'm trying to figure out the how. How did you determine that these would be profitable trades?

Re: POKER VS STOCKS
 

i posted the reasons right next to them, same as with AVNA (hopefully it can get another 20% day tomorrow)

Re: POKER VS STOCKS
 

[ QUOTE ]

sold GZFX Gap +.0003 on 400k +120
in 5k UGHO on earnings .90 out +.05 +250
in 6k TKER on break 1.59 out +.06 avg +360
in 10k XDSL on bounce .16 +.01 +100


[/ QUOTE ]

OK, why don't you explain what your short-hand means. And how each predicts price movements.

Re: POKER VS STOCKS
 

gzfx closed strong and gapped up,
ugho had good earnings
1.58 was resistance on tker over it usually gives a quick break
.15s were holding pretty well on XDSL usually indicates a bottom

Re: POKER VS STOCKS
 

[ QUOTE ]
The highest four year annulized return on marketocracy is 42% (ist.martin ORR 411.65%), far short of 100% or even 400% per year. And out of thousands of portfolios, it's reasonable to assume that statistical variation would produce one lucky enough to do 42% per year.

[/ QUOTE ]

Just to clarify, I pointed to Marketocracy as an example of many beating the indexes. Not as an example of potential day trading profits!

Its worth noting that the marketocracy ports must comply with "mutual fund" type rules, have high transaction costs and a management fee built in, and are "long only".

In spite of all those limitations, a large percentage of those ports beat the indexes.

Re: POKER VS STOCKS
 

Funny no one has shown how to beat 7% yet. Maybe it's like poker, some can win more than 3BB per hour but it's hard to specifically tell someone else exactly how to do it.

Re: POKER VS STOCKS
 

[ QUOTE ]
Funny no one has shown how to beat 7% yet. Maybe it's like poker, some can win more than 3BB per hour but it's hard to specifically tell someone else exactly how to do it.

[/ QUOTE ]

There are many ways to beat the market... I believe both Cat and I agree that beating the market is "easy" to anyone willing to invest the time to learn a methodology for doing so.

In ff's posts, he highlighted some of his trades today... it made perfect sense to me, because I understand how he's trading.

I personally use similar technical analysis techniques, but on more well known and higher priced stocks.

Cat takes a different approach, using a value based approach to longer term investing.

There are other professional traders that post here, using different techniques.

Bottom line, there is no one right way to make money in the market... there are many ways that work and beat the indexes.