Recent content by Dunecat

  1. Dunecat

    Career advice for a 15yr old

    Yeah this is true. Consider it dropped.
  2. Dunecat

    Gold

    No.
  3. Dunecat

    Career advice for a 15yr old

    On a side note, the guinness brewery in Dublin(I think? meh, Ireland is all the same) is pretty interesting, but they don't show you the actual machinery making Guiness, unlike the Bushmills whiskey distillery. Guiness is like the only thing actually making money in Dublin :lol: And seriously...
  4. Dunecat

    Career advice for a 15yr old

    No, I did know how to spell minuscule now that you mention it, but what with this evil spellcheck my spelling is slipping. Do I care? na. But if I don't know the correct spelling of a word it's always good to look it up. Bred into me from all the years of my essays being undermined by little red...
  5. Dunecat

    Gold

    Wonder how schiff's doing with his billion dollar hedge fund. I don't know if you guys were calling me gullible for believing that consistent returns of 80% annually were possible, but I'd rather be gullible in a position that I have nothing out to lose. Just with TA and FA, I would think...
  6. Dunecat

    Gold

    lol that was a great everyday example of the financial markets :cheesy: www.investopedia.com/ask/answers/06/turtles.asp "Over time it became clear that Dennis won the bet as these traders generated average annual returns of up to 80%." I can has 80% annual returns?
  7. Dunecat

    Gold

    I am not trying to say I am the only one doing this. The point is however, that I think it is a good idea to learn about this stuff now as opposed to later. Also from what i've read, some hedge funds were doing the exact opposite to hedging; over leveraging on one highly speculatory area to...
  8. Dunecat

    Career advice for a 15yr old

    Ah, so arbitrageurs are the reason why there isn't anything more than a minuscule difference between different exchange rates? i.e. if I bought a whole load of USD with NZD and then bought slightly more GBP with the increased rate of NZD->USD instead of buying GBP with NZD? So there is not any...
  9. Dunecat

    Career advice for a 15yr old

    So is anybody familiar with this term arbitrage? I've just been reading it now, but I've reread it and I still don't fully understand it. It seems to be addressing inefficiencies in a market (through use of loopholes or something), and using that to get a stock cheaper or something like that...
  10. Dunecat

    Gold

    Na, I wouldn't think a hedge fund manager is a true pro unless he can maintain a decent return through a recession.. it's all fine until the good times stop rolling. I really want to see how well schiff will be doing in a decade, he appears to have maintained a decent return on capital for his...
  11. Dunecat

    Gold

    Are you implying I should drop "trade your way to financial freedom" and read one of your recommended books? Does the alchemy of finance actually detail all the basics of designing your own system and using it properly etc? The one I'm reading right now isn't actually giving you the system to...
  12. Dunecat

    Gold

    Rothschild, you don't seem to notice my total ignorance towards this type of trading. I never read anything about it, because the first books I picked up happened to be on Warren Buffet's techniques and fundamental analysis. A few of them didn't portray technical or momemtum trading as very...
  13. Dunecat

    Gold

    The problem is that I need to remember as much as possible from some of these books, because I still have no idea about how I'm going to structure my system and what benefits there are to different ones. I'm still thinking over trading biases and what position type trading I want to do. It's...
  14. Dunecat

    Gold

    Man, I spent 3 hours reading "trade your way to financial freedom" and I got through 70 pages. That is just not good enough. There needs to be something done about my slow reading.
  15. Dunecat

    Gold

    Quote: lol and what's this? "Dictionary_of_Chemistry"? ... Alchemy might be good if you're into gold. That made me lol. The software is such that teaches you how to speed read. Don't ask me how, just consider it an ongoing review. I've heard it has something to do with stopping that...
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