New higher Tariffs from trade talks - Page 50
Close
Login to Your Account
Page 50 of 95 FirstFirst ... 40484950515260 ... LastLast
Results 981 to 1,000 of 1899
  1. #981
    Join Date
    Aug 2005
    Location
    Toronto
    Posts
    5,472
    Post Thanks / Like
    Likes (Given)
    3654
    Likes (Received)
    4288

    Default

    Quote Originally Posted by Trboatworks View Post
    I trade because it fascinates me,
    Likewise, which is justification enough (within person risk tolerances) and TA has been a long term interest. I just haven't figured how to make money at it. I mentioned what I see as the best ways to make money in the market, maybe add to that writing book telling others hows to lol. It would be easier with zero trading costs, but even the pros have great difficulty beating the market (or even keeping up with it). Here for example, (I haven't vetted it) More evidence that it’s really hard to ‘beat the market’ over time, 95% of finance professionals can’t do it - AEI

    Also don't like going to casino because I don't want lose and I know logically and rationally that is what will happen, with a mere point or two against me. But I get why others enjoy it.

  2. #982
    Join Date
    Apr 2018
    Country
    UNITED STATES MINOR OUTLYING ISLANDS
    Posts
    6,112
    Post Thanks / Like
    Likes (Given)
    0
    Likes (Received)
    2929

    Default

    Quote Originally Posted by Mcgyver View Post
    Also don't like going to casino because I don't want lose and I know logically and rationally that is what will happen, with a mere point or two against me. But I get why others enjoy it.
    I find the Chinese stock markets more honest. It's a bunch of old ladies gossipping and gambling, like playing bingo. They know it's a con.

    The assholes are the pompous bastards in the press pontificating, "Markets were down on news that Fiji's head chieftain had a cold ..." The truth is, Mrs Hei Didi had a wedding to go to and she always buys up Fiji Umbrella stock, every chance she gets. Mrs Da Mei Mei chose the wrong day to unload, but she's going to German next week and wanted some cash to spend.

    Stock market, bah. Giant Ponzi scheme. At least when you play the slots it makes cool noises when you pull the handle.


    @ Mcgyver - you've read The Big Short ? If not, you should. You'll laugh your butt off. Entertaining and honest. Michael Lewis fawns a little too much over "success" but other than that he writes well.

    Quote Originally Posted by Michael Lewis
    Steve Eisman recounts his thoughts while listening to Ken Lewis speak: “I said to myself, ‘Oh, my God, he’s dumb!’ A lightbulb went off. The guy running one of the biggest banks in the world is dumb!”
    or

    The Lomas Financial Corporation is a perfectly hedged financial institution: it loses money in every conceivable interest rate environment.
    We don't need factories, we have banking !

  3. #983
    Join Date
    Oct 2010
    Location
    Maryland- USA
    Posts
    4,289
    Post Thanks / Like
    Likes (Given)
    2188
    Likes (Received)
    2654

    Default

    Agree Mcgyver.

    At the same point I dislike the 'Gambling' moniker and particularly the 'Rigged/manipulation' one.
    A individual stands before discernible evidence of an evolving economy and the fortunes of those publicly traded corporations which operate within it.

    I blame my losses on my lack of expertise when they occur.
    Good trading to profit a success with balancing the multiple disciplines of assessment of trade, execution and close.

    It's a tough game.

    Take a look at NFLX.
    This was a classic consolidation and breakout chart seen repeated many times over in the stock market.
    Could one have recognized it AS it occurred?
    Was I watching and prepared to take advantage- that is sufficiently informed about stock patterns to be searching for the setup.
    Did a potential trader know how to take a position and recognize when the trade setup is no longer valid so as to minimize loss if wrong?

    I was driving when some market pundits on the radio were assessing Netflix failure at $50- "get out".
    It was the perfect time to buy and technical indications were there to support that long trade...

    It's a tough game- tougher if one must listen to any other to judge the correct action...

    screen-shot-2019-07-21-12.54.43-pm.jpg

    That's trading for me though- I continually study past stock behavior to gain an understand of how price change looks over time.
    I physically draw the patterns produced on the charts and in turn look to current price action to find similar setups in different issues.
    These things repeat themselves over and over in every chart I have ever looked at- the trick remaining is to identify an evolving change as it is occurring with appropriate entry so as to protect funds in account.

  4. #984
    Join Date
    Aug 2005
    Location
    Toronto
    Posts
    5,472
    Post Thanks / Like
    Likes (Given)
    3654
    Likes (Received)
    4288

    Default

    Quote Originally Posted by Trboatworks View Post
    At the same point I dislike the 'Gambling' moniker and particularly the 'Rigged/manipulation' one..
    I agree the comparison is unfair in that you can apply a lot of smarts and knowledge in stock picking that you can't with a game of chance. What I was thinking more of was the casino makes a fortune on 1 or 2% advantage. That might be compared at some level to the friction of the market. I know fees have come way down, but there's still fees so....that you have to do better than 50/50 just to break even puts things slightly stacked against you.

    The other challenge is everything you can possible do (analysis) is 100% rear view mirror. I remember reading once about a big study on what cause recessions as there's a lot at play. The only meaningful take away was that in every case it was caused by something no one saw coming. Seems like a bit of duh moment, but its actually kind of a profound thing to keep in mind. The smartest guy with the best rear views mirror will be taken out by something he doesn't see coming....and there's always something you don't see coming.

    I've decided to focus on wholesale stock buying (investing in your own business or even merchant banking) as you have some measure of control over the future. Not absolute control obviously, but some i.e. you can get up or sleep in, buy a new machine or not, make that cold call or not and so on. Extra cash (none right now)? If not an acquisition I would probably buy a res/retirement home REIT, low cost index fund or multi-tenant residential properties,

  5. Likes Trboatworks liked this post
  6. #985
    Join Date
    Mar 2016
    Country
    UNITED STATES
    State/Province
    California
    Posts
    1,023
    Post Thanks / Like
    Likes (Given)
    193
    Likes (Received)
    303

    Default

    Quote Originally Posted by Trboatworks View Post
    There is a undeniable upward bias to the market.
    I agree boatworks,
    What I have determined is that the market has 2 sectors; established companies that have "real assets" and real earnings and the second group are composed of companies that have never turned a profit and have no assets. This second group of securities out number the Blue Chips by a wide margin, they are simply "Trading Vehicles" that will eventually trade to less than a cent.


    Although I agree with your opinion of a upward bias, I must remind you,

    if you were 45 years old and fully invested in 1929, and even if you lived to 80, you would be flat broke.


    Proceed with caution, the market will ruin most that think they know it.

  7. #986
    Join Date
    Apr 2018
    Country
    UNITED STATES MINOR OUTLYING ISLANDS
    Posts
    6,112
    Post Thanks / Like
    Likes (Given)
    0
    Likes (Received)
    2929

    Default

    Quote Originally Posted by Trboatworks View Post
    At the same point I dislike the 'Gambling' moniker and particularly the 'Rigged/manipulation' one.

    A individual stands before discernible evidence of an evolving economy and the fortunes of those publicly traded corporations which operate within it.
    Ha ! You are deceiving yourself. There is no way for anyone to know what goes on in a board meeting or in a ceo's head. You have no control over the actions a company takes and even worse, no information about what they really intend.

    Equally bad, you are subject to externalities. I had a friend whose company was listed on the penny market. Periodically, for no obvious reason, the stock would climb then for no other obvious reason would crash. The cause was, a few brokers would start touting the stock as a comer ! a good investment ! and up she'd go. Then the brokers would sell the falsely inflated stock and down she'd come again.

    Is this illegal ? I guess so. Does it happen all the time ? For sure.

    As sure as God made little green apples that is not the only way the "market" is manipulated.

    Maybe back in the dark ages when companies were judged by results, maybe then you could play the stock market on some sort of rational basis. Or at least the blue chips ...

    But now that it's all about financial shenanigans and marketing hoopla, there is no way. It's all a guessing game. This is the same as gambling.

  8. #987
    Join Date
    Oct 2010
    Location
    Maryland- USA
    Posts
    4,289
    Post Thanks / Like
    Likes (Given)
    2188
    Likes (Received)
    2654

    Default

    Respectively.

    I can move a penny stock 80% or more.
    Otherwise, the last time you pulled up a ten year chart series for AAPL- revenue, profits and stock price?

    There isn't a company in the world who can hide its share price over time.

    Otherwise, I don’t scare easy so the Spector of pump and dumps and other sundry machinations in the markets don’t bother me in the least.

    Penny stocks are fun, one can and I have doubled my investment in a few hours.
    Hell- I made 20k in twenty minutes one morning while I was drinking a cup of coffee in one.
    News hits a .23 cent stock that trades with a volume of 300k on the day slams down a 26 million share morning and yeah- the price is gonna move.
    Ya have to be on the right side of the trade eh?
    But who is dropping opening positions on some tiny start up no one has ever heard of on the OTC market with no SEC filing required- lying about earnings- hell- they don’t say a peep.
    It’s just you, a chart and your money.
    Feeling lucky kid?...

    Fuel cells....
    The market (and me...), had been looking for years to find who would bust that and come to market with a application- a car maker right?
    Wrong.
    One fine morning I found PLUG trading at .15 cents and put it on the buy list along with FCEL and BLDP.
    PLUG makes fuel cell batteries for fork lifts and had a product in the market.
    The price of PLUG rallied to first six then twelve dollars with the other two sector plays chasing it like puppies.
    My 100k share position in PLUG bought for 15k netted 1.2 million dollars!
    Well not really, I sent the list of the group of stocks (I called them the three amigos) to a trading buddy and promptly forgot about them- I remember seeing PLUG at .5 and thought- “not going to chase it...”
    The one that got away lol.


    And banks.
    Were you guys paying attention?
    Regional banks generally fail at a rate of 3-6 a year.
    In 2010 six were dropping dead EVERY WEEK.
    Every Friday was Black Friday as the FDIC seized the assets and found a larger bank to absorb the carried debt- shares disappeared.
    Not bankrupt- just gone.
    Any held shares were a 100% loss.
    The whole sector was beat down- $50 dollar/share banks were trading for .30 cents.
    So of course I was trading the sector- if you read the ‘stress test’ findings and guessed right about who might weather the storm... well you could profit nicely.
    I ended up with no long holds but one Thursday I bought a technical setup and the stock suddenly doubled - hopes and dreams the market saw the move and might have guessed it would live another week.
    I got out- 10k gain in four hours.
    If I had held till morning it would have been 100% loss- the FDIC closed their doors that Friday.


    Or there is Alcoa.
    You know a globally traded industrial metal.
    Buy or sell as many thousands of shares as you want- the market will absorb the trade in exactly the middle of the spread.
    Not sexy, no manipulation.
    It’s just a old American company and a slowly evolving share price as market conditions change.
    Not bright enough to figure out which direction that price is moving?

    Well again, why blame the market.



    The stock market can be as wild a ride as one could want or a sober exercise like dropping a few dollars into a saving account each week.
    I can’t find fault with it when folk can’t tell the difference.

    O’Neil calls the markets one of the great opportunities we have.
    He also states that leaning to trade successfully is one of the toughest things a person will ever attempt.

    I’ve already stated it but if you need to ask what to do or take some others word you are likely to be robbed either by your own incompetence or a interested parties counter position.
    If you can stand on your own two feet and own it- well...

  9. #988
    Join Date
    Jul 2007
    Country
    UNITED KINGDOM
    Posts
    5,219
    Post Thanks / Like
    Likes (Given)
    3127
    Likes (Received)
    2642

    Default

    In other news, Huawei has laid off 600 workers from their US plant due to the moron's private trade war.

    In other other news, the UK is set to get its own moron in the top job today. Think I'm going to go hide in the workshop and wait for it all to go away.

  10. Likes Gordon B. Clarke liked this post
  11. #989
    Join Date
    Sep 2011
    Country
    UNITED STATES
    State/Province
    Virginia
    Posts
    16,250
    Post Thanks / Like
    Likes (Given)
    7561
    Likes (Received)
    10825

    Default

    Quote Originally Posted by Mark Rand View Post
    In other news, Huawei has laid off 600 workers from their US plant due to the moron's private trade war.

    In other other news, the UK is set to get its own moron in the top job today. Think I'm going to go hide in the workshop and wait for it all to go away.
    Hide out? Surely. Just go do that. Sod the "politics" of it.

    "If you ain't part of the solution, you must be part of the problem?"

    Being a part of the solution DOES mean just doing our own jobs - being productive, paying OUR bills.

    Sometimes we need a "moron" to clear the circus train wreck, "downtown" - where the commerce is all about bullshit and perceptions, AKA "lies, mostly", rather than day to day reality.

    Not as if one had to MARRY them, after all.

    A decent grinding wheel puts abrasives to better use, and even lasts longer than the political clowns do.



    As to Huawei? The smallest gramophone in the world is currently playing that old tear-jerker standby for that lot:

    "My heart pumps cold Marmite for you!"

  12. Likes Spinit liked this post
  13. #990
    Join Date
    Jan 2007
    Location
    Pinckney Mi.
    Posts
    3,031
    Post Thanks / Like
    Likes (Given)
    7242
    Likes (Received)
    896

    Default

    well there ya go folks

    oz has spoken

  14. Likes Ries liked this post
  15. #991
    Join Date
    May 2007
    Country
    UNITED STATES
    State/Province
    Texas
    Posts
    2,599
    Post Thanks / Like
    Likes (Given)
    3054
    Likes (Received)
    479

    Default

    Quote Originally Posted by thermite View Post
    Hide out? Surely. Just go do that. Sod the "politics" of it.

    "If you ain't part of the solution, you must be part of the problem?"

    Being a part of the solution DOES mean just doing our own jobs - being productive, paying OUR bills.

    Sometimes we need a "moron" to clear the circus train wreck, "downtown" - where the commerce is all about bullshit and perceptions, AKA "lies, mostly", rather than day to day reality.

    Not as if one had to MARRY them, after all.

    A decent grinding wheel puts abrasives to better use, and even lasts longer than the political clowns do.



    As to Huawei? The smallest gramophone in the world is currently playing that old tear-jerker standby for that lot:

    "My heart pumps cold Marmite for you!"
    We say it is the world’s smallest violin playing “Cry me a River” using a raised hand index finger and pinky finger rubbing together like a ant playing the violin. Add any song you want. My heart bleeds for you is popular yet I like cry me a River and Old man river a lot.

  16. #992
    Join Date
    May 2007
    Country
    UNITED STATES
    State/Province
    Texas
    Posts
    2,599
    Post Thanks / Like
    Likes (Given)
    3054
    Likes (Received)
    479

    Default

    Higher additional tariffs levied today for September 1 start with China. (10%)

    Trump to impose new 10% tariff on China | News | DW | 01.08.2019

  17. #993
    Join Date
    May 2010
    Country
    DENMARK
    Posts
    4,079
    Post Thanks / Like
    Likes (Given)
    4126
    Likes (Received)
    12884

    Default

    This will be interesting

    Update! Donald Trump is coming to Denmark – The Post

    The interesting part is that some politicians here think they can discuss with Trump. I'm not under the impression he listens to his own advisors.

  18. Likes morsetaper2 liked this post
  19. #994
    Join Date
    Apr 2004
    Country
    ANTIGUA AND BARBUDA
    Posts
    1,288
    Post Thanks / Like
    Likes (Given)
    6756
    Likes (Received)
    1012

    Default

    Maybe Trump will build a new golf course in Kolding.

  20. Likes Steve in SoCal liked this post
  21. #995
    Join Date
    Sep 2017
    Country
    UNITED STATES
    State/Province
    South Carolina
    Posts
    658
    Post Thanks / Like
    Likes (Given)
    531
    Likes (Received)
    541

    Default

    Quote Originally Posted by Gordon B. Clarke View Post
    This will be interesting

    Update! Donald Trump is coming to Denmark – The Post

    The interesting part is that some politicians here think they can discuss with Trump. I'm not under the impression he listens to his own advisors.
    You have my condolences in advance.

  22. Likes Greg White, morsetaper2 liked this post
  23. #996
    Join Date
    Jun 2019
    Country
    UNITED STATES
    State/Province
    Texas
    Posts
    601
    Post Thanks / Like
    Likes (Given)
    235
    Likes (Received)
    666

    Default

    Quote Originally Posted by Gordon B. Clarke View Post
    This will be interesting

    Update! Donald Trump is coming to Denmark – The Post

    The interesting part is that some politicians here think they can discuss with Trump. I'm not under the impression he listens to his own advisors.
    They can discuss all sorts of things, just as long as you don't talk about economics, or the press, or Russia, or the Middle East, or politics in general, or...

  24. #997
    Join Date
    May 2007
    Country
    UNITED STATES
    State/Province
    Texas
    Posts
    2,599
    Post Thanks / Like
    Likes (Given)
    3054
    Likes (Received)
    479

  25. #998
    Join Date
    May 2010
    Country
    DENMARK
    Posts
    4,079
    Post Thanks / Like
    Likes (Given)
    4126
    Likes (Received)
    12884

    Default

    Quote Originally Posted by CAMasochism View Post
    They can discuss all sorts of things, just as long as you don't talk about economics, or the press, or Russia, or the Middle East, or politics in general, or...
    What most here believe is that what Trump wants discussed (prodded by the US military) is increased military presence on Greenland. Russia and China have been very interested in Greenland for some time.

    Thule Air Base - Wikipedia

    We actually have many politicians naive enough (I'd say stupid) to think Trump will listen to their opinions.

  26. #999
    Join Date
    May 2010
    Country
    DENMARK
    Posts
    4,079
    Post Thanks / Like
    Likes (Given)
    4126
    Likes (Received)
    12884

    Default

    Quote Originally Posted by Spinit View Post
    Did you read that link? The guy (Trump) that doesn't drink alcohol is a wine expert!

  27. Likes iwananew10K liked this post
  28. #1000
    Join Date
    May 2007
    Country
    UNITED STATES
    State/Province
    Texas
    Posts
    2,599
    Post Thanks / Like
    Likes (Given)
    3054
    Likes (Received)
    479

    Default

    Quote Originally Posted by Gordon B. Clarke View Post
    Did you read that link? The guy (Trump) that doesn't drink alcohol is a wine expert!
    He may be knowledgeable. At any rate with how you react to members about whether they drink or not you frame your comments in a degrading manner. Why not keep that kind of thing to yourself.

  29. Likes converterking liked this post

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •