Performance Level Of An Exceptional Trader

This is a discussion on Performance Level Of An Exceptional Trader within the General Trading Chat forums, part of the Reception category; Originally Posted by bedsit Maybe they have lost their faith a bit since that $200 a barrel prediction. If they ...

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Old Jul 11, 2011, 12:47pm   #91
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Re: Performance Level Of An Exceptional Trader

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Maybe they have lost their faith a bit since that $200 a barrel prediction.
If they are one of the few games in town, it really doesn't matter if what they say is wrong. People have nowhere else to put their money.
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Old Jul 11, 2011, 12:55pm   #92
 
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Re: Performance Level Of An Exceptional Trader

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If they are one of the few games in town, it really doesn't matter if what they say is wrong. People have nowhere else to put their money.
Trying to do the opposite may be a good idea
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Old Jul 11, 2011, 1:00pm   #93
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Trying to do the opposite may be a good idea
Well, it's called being gotten by the balls, where doing the opposite or not doing the opposite makes no difference.
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Old Jul 11, 2011, 1:09pm   #94
 
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Re: Performance Level Of An Exceptional Trader

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Well, it's called being gotten by the balls, where doing the opposite or not doing the opposite makes no difference.
Who said trading was easy?

(Still don't know the answer Pete)
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Old Jul 11, 2011, 1:16pm   #95
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Re: Performance Level Of An Exceptional Trader

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If they are one of the few games in town, it really doesn't matter if what they say is wrong. People have nowhere else to put their money.
Oh Joe! If only you had put half a tank of petrol in your Scooter, that $200 a barrel prediction would have come true!
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Old Jul 12, 2011, 12:10am   #96
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Oh Joe! If only you had put half a tank of petrol in your Scooter, that $200 a barrel prediction would have come true!
Well Goldman made what was the right decision for themselves. They had a whole load of oil contracts to unload. So the easiest thing for them to do was to tell people it was going to $200. People jumped in and they unloaded. If people lost money from that, it was their own fault for being taken in.
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Old Jul 12, 2011, 12:20am   #97
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Well Goldman made what was the right decision for themselves. They had a whole load of oil contracts to unload. So the easiest thing for them to do was to tell people it was going to $200. People jumped in and they unloaded. If people lost money from that, it was their own fault for being taken in.
well, prolly, yes, this is what they mostly did. Time will tell now that there "principal" bit from HK improves the performance of their research who knows (infact, lol, Hu deffo DONT know LOLOLOLOLOL)

rite basic this: u dont lose 98% by accident with proper trading. just dont. now I am deff not one of these tin hat conspiracy types, deffo not, but, like... the US intelligence will have known about Libya problems long before rest of world did (well, other spies mite habe knows like the italians, but like normal people im talkin bout). NEway,. u r a spy for CIA and ur source is like "gadaffi is luvin it hes got loadsa oil money and hes gonna spend it on guns and make libya one of nearest rogue states near europe and kill loads and stiff as well".

Now, u can either go - Huh - ok, we won't buy his oil, that'll learn him! When in fact u cant cos u need his oil. so, what u do, is u get some freindly GS faces to manage his money, and encourage them to lose it all, and you have one bad guy with alot less money.

Osnard.
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Old Jul 12, 2011, 8:46am   #98
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Re: Performance Level Of An Exceptional Trader

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Well Goldman made what was the right decision for themselves. They had a whole load of oil contracts to unload. So the easiest thing for them to do was to tell people it was going to $200. People jumped in and they unloaded. If people lost money from that, it was their own fault for being taken in.
This is why it's not a good idea to pay attention to brokers, analysts, tipsters, pundits etc etc etc.
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Old Jul 12, 2011, 8:56am   #99
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This is why it's not a good idea to pay attention to brokers, analysts, tipsters, pundits etc etc etc.
Given how easily they could move people's sentiments, I think a more logical thing to do is to try working out what their real intention is rather than ignoring them all together. Sometimes, it can be quite obvious what they are trying to do.
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Old Jul 12, 2011, 9:25am   #100
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Given how easily they could move people's sentiments, I think a more logical thing to do is to try working out what their real intention is rather than ignoring them all together. Sometimes, it can be quite obvious what they are trying to do.

Oh that's different, fade their garbage by all means.

Bear market rally, anyone ?
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Old Jul 12, 2011, 9:34am   #101
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Bear market rally, anyone ?
Count me in. I have been averaging down like crazy this morning. My only regret is not having the balls to take bigger positions.
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Old Jul 12, 2011, 9:39am   #102
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Count me in. I have been averaging down like crazy this morning. My only regret is not having the balls to take bigger positions.
Aaaaaaaaaaaaargh!!!!!!
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Old Jul 12, 2011, 8:03pm   #103
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Aaaaaaaaaaaaargh!!!!!!
+1
averaging down
Its just gambling hoping the bottom has been found.
Hoping is bo11ox.
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Old Jul 12, 2011, 8:31pm   #104
 
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Re: Performance Level Of An Exceptional Trader

Doomberg started this thread I hope you have not longed indices joe? i've just shorted Dax at 7163,
Looks like it won't break above 7200 in the next 24 hours but is more likely to hit my TP of 7043
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Old Jul 12, 2011, 8:35pm   #105
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What is your reasoning for that trade?
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