Stock Traders

**Phoenix** · 07-04-2004, 07:15 AM

hmm..i will have to look into this

i typically just buy and hold for a few weeks

not an active trader as the trading fees kill me

**ModelBuffet** · 07-04-2004, 07:16 AM

who do you use for your trades?

**Phoenix** · 07-04-2004, 07:16 AM

been with etrade forever..they are right here in toronto...that is comforting

**ModelBuffet** · 07-04-2004, 07:17 AM

me too I have an account with them and ameritrade

**Phoenix** · 07-04-2004, 07:23 AM

very cool..id like to know how they get their results..but they got the same advice i give myself for one of the stocks im into

**woj** · 07-04-2004, 07:26 AM

Originally posted by ModelBuffet
anyone here ever use the holy grail system?

http://www.tradestars.com/

It doesn't look very convincing...

**FlyingIguana** · 07-04-2004, 07:35 AM

if a trading system is being sold, chances are its crap.

nobody i know will sell their trading systems because its worth too much to them.

**ModelBuffet** · 07-04-2004, 08:00 AM

Originally posted by FlyingIguana
if a trading system is being sold, chances are its crap.

nobody i know will sell their trading systems because its worth too much to them.

Good point but does that count all of the books on the subject?

**woj** · 07-04-2004, 08:16 AM

Originally posted by ModelBuffet
Good point but does that count all of the books on the subject?

well, think about it -> if the system really worked would you want to mess with writing a book, creating a website or what not?

Many claim that they are just trying to help others out... if they actually are? then why are they selling it?

**ModelBuffet** · 07-04-2004, 08:18 AM

Originally posted by woj
well, think about it -> if the system really worked would you want to mess with writing a book, creating a website or what not?

Many claim that they are just trying to help others out... if they actually are? then why are they selling it?

True but some people aren't so greedy that they refuse to share

**woj** · 07-04-2004, 08:22 AM

Originally posted by ModelBuffet
True but some people aren't so greedy that they refuse to share

Yea, but then why are they selling a membership to a site? or charging $29.99 for some book?

**EviLGuY** · 07-04-2004, 08:23 AM

Originally posted by ModelBuffet
True but some people aren't so greedy that they refuse to share

You have to be kidding me. Only an idiot would share a system that worked with people he doesn't know on the internet.

.. and idiots don't have great moneymaking systems.

**strobi** · 07-04-2004, 08:24 AM

I'm a stock investor, not a trader. I don't rely on those "systems" or "hot tips". Traders will lose all their money anyway in the long term. Or just follow the market if they're lucky.

**strobi** · 07-04-2004, 08:26 AM

Originally posted by ModelBuffet
Good point but does that count all of the books on the subject?

Writing books most of the time make people richer than investing. Look at the "rich dad poor dad" crap. This guy is selling millions of copies.

**ModelBuffet** · 07-04-2004, 08:29 AM

Originally posted by strobi
Writing books most of the time make people richer than investing. Look at the "rich dad poor dad" crap. This guy is selling millions of copies.

lol.. I read those

**ModelBuffet** · 07-04-2004, 08:30 AM

I know warren buffet has a few books out... anyone who has made it seems to have to write a book as icing on the success cake

**strobi** · 07-04-2004, 08:35 AM

Originally posted by ModelBuffet
lol.. I read those

Hey you have to start somewhere. Those books are a nice starter for sure. They are quite motivational.

**woj** · 07-04-2004, 08:37 AM

Originally posted by strobi
Writing books most of the time make people richer than investing. Look at the "rich dad poor dad" crap. This guy is selling millions of copies.

His books aren't too bad, but I wouldn't pay for them though...

**ModelBuffet** · 07-04-2004, 08:39 AM

Originally posted by strobi
Hey you have to start somewhere. Those books are a nice starter for sure. They are quite motivational.

Motivational like amway tapes

**infecto** · 07-04-2004, 09:26 AM

No stock trading for me....takes to long to show profit. Its all about the currency market. Buy in the morning sell at night with hundreds to thousands of dollars possible profit.

**Babagirls** · 07-04-2004, 09:27 AM

im not heavily in the stock game, i only have a yahoo stock. thats enough for me.

**woj** · 07-04-2004, 09:34 AM

Originally posted by infecto
No stock trading for me....takes to long to show profit. Its all about the currency market. Buy in the morning sell at night with hundreds to thousands of dollars possible profit.

How do you know which way currencies will swing on a given day?

**cosis** · 07-04-2004, 09:35 AM

My last big investment is in a penny stock GZFX

**ModelBuffet** · 07-04-2004, 09:57 AM

Originally posted by cosis
My last big investment is in a penny stock GZFX

which company are you using to buy penny stocks

**FlyingIguana** · 07-04-2004, 11:22 AM

Originally posted by ModelBuffet
Good point but does that count all of the books on the subject?

depends on the book

books like those written by benjamin graham are the best. the individual still needs some skill to use what they've learned from the book to be successful.

**FlyingIguana** · 07-04-2004, 11:25 AM

Originally posted by strobi
I'm a stock investor, not a trader. I don't rely on those "systems" or "hot tips". Traders will lose all their money anyway in the long term. Or just follow the market if they're lucky.

actually traders with skill are some of the highest paid people on wall street. most amateur day traders tend to go broke once a bear market begins

**FlyingIguana** · 07-04-2004, 11:27 AM

Originally posted by ModelBuffet
I know warren buffet has a few books out... anyone who has made it seems to have to write a book as icing on the success cake

actually of graham's pupils, buffet is the only one to be so open about his investment philosophy.

most just keep investing quite successfully

**spankstrocko** · 07-04-2004, 12:01 PM

Another point about sharing is that it can sometimes benefit the trader. If he has influence over a large circle of people it can help his position.

Spankstrocko

Stock Traders

Stock Traders

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