Ok I think you need to take your meds or perhaps suffering the age old European disease called "Caviar communist". I have come across these type of characters, with impeccable bloodline except they are intellectual communist but spurn the humble lifestyle favouring the late night discussions over a bottle of Chateau Lafite. Yep came across a few of these type of characters in Paris. The theories of communism is actually novel and just like the religion in its pure form is corrupted by human intervention or practicality.
When did I encourage posters to over trade? Proactive chart analysis isn't about trading you old blind dog. It is about prevention a position that turned sour into a toxic taste. It is to avoid complacency especially in a cap gain environment thinking "its different this time" or the tower of babel mindset. As a veteran, were you cheering your flock on with gusto from 2009-2011 saying keep looking at the long term macro or whatever buzz word at the time to keep the flock from vying offline? I am sure a lot ended in tears but that is ok, time will heal all wounds?
I am not above a retail investor, I am a retail investor. However I am above a retail mug mindset. You will not understand what trading psychology is so stop pretending you know all the difficulties of trading. If you want to play golf, buying some magazine or golf swing books will not teach you much beside knowing the theory. The real world resides in the golf course regardless of any gold standard equipment. Practice makes perfect. No one belittling anyone. I wish I had a poster like myself telling others the pitfalls of this game but I would not have listened anyway without lessons. I continue to post this way as a reminder to myself the basic principle or trading. Don't be a smart ass assuming I know where price will be heading to. Never assume things especially when the going is great.
Like I said you have not made any attempt at some of the quotes I picked up along the way but then again the best tool you have got is time so who can argue with you.
"Time in the market, beats timing the markets, every time. Ask any rich guy"
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Err let me guess, CEO of Bear Sterns, Lehman Bros, the LT holders of Citibank and all the names ending with a bank in US for starters? OK closer to home, STO share holders? What about SGH? Plenty of blue chips I can think of, Centro, MFS, Allco, BNB? I am pretty sure their SH and analysts did detailed research and all the sensitivity projections etc......
This debate is getting pointless so I am gonna stop here. Waste of time so please don't respond or if you do I am going to cease the temptation. Good bye.
NST Price at posting:
$4.15 Sentiment: None Disclosure: Not Held