OK, Steve, one of the rules here is we have to be nice to each other.
And, I think your objections to day trading are on-topic. So, I'll take the liberty of
addressing them, or at least trying to address them, since I'm still not precise on what
they are. If I'm off, you can set me right.
I don't have a lot to go on; you say that volatility is a consequence of the need for a
quick return and is in part due to a culture of MTV that "…can't keep changing the
damn channel". (I suspect you meant ‘can't stop'; correct me if I am in error.)
You imply that technical analysis has nothing to do with ‘investing' in companies,
"…companies where people have jobs, where these jobs are husbands, mothers,
daughters, uncles, and many others with bills to pay…"
and that …"when you're investing,…you're investing in someone's future, and the
betterment of us all"… and the "…first lesson of the markets is that it is all about
perception."
You also dropped in on the thread to suggest that a cable modem might not matter if
the trader were not interested in "streaming content and motion"; and that "…there is
such a preoccupation with size over substance." You posted a link (you said it was off
topic) to an amusing e-mail you felt the need to pass along for "Life University" where
people who don't agree with you can become "Real Men".
And the quote on your profile is interesting as well.
I take your comments personally, so not to be rude, I'm going to respond to them.
Let's start with the ‘technical analysis isn't investing' concept. I'm forced to draw some
conclusions since you have not made yourself clear on this, but it appears that if I
purchase a stock based on fundamental factors that agree with your concept of what is
‘right' (and which you have not delineated to me), and I hold that equity for some
period of time that is as long or longer than whatever period of time you consider to be
substantive, (and not for a "quick return") then I am contributing to the well-being of
"everyone", and my perceptions are correct. However, if I purchase an equity
without consulting the fundamental factors of the company; with no regard for the
mothers and fathers and uncles that work there, then I am "playing", not investing, and I
am eating too many mushrooms, especially for someone that is not a Real Man.
Not to be rude, but that sounds like sanctimonious horse manure to me. I think you're
just yapping nonsense about something that you don't personally agree with. If you
don't like TA, just say so. You won't hurt my feelings. I've never seen a trader invest
using only TA, all traders use fundamental analysis to help make decisions.
If I buy the same stock you buy, and I hold it however long you think I should hold it,
then I am an investor contributing to the Greater Good of the People, but if I sell it too
soon, I'm a child on drugs.
Let's be real here, dude. When you consider buying a stock, do you look at earnings
growth? Do you look at revenue growth? Debt reduction? Changes in the P/E ratio?
Well, I've got some bad news for you, that's technical analysis. You do it too, bubby,
and don't lie to me and say you don't.
What's your time limit on my investment/gambling/whatever you think you need to call
it to be right? Do I have to hold it for a month? A year? Two years? If the stock goes
down 3 weeks after I buy it, and I want out, I go from being a Real Man to a
Mushroom Head right before I bail? Little Maria With No Shoes in a Foreign Land is
going to spit on Mr. Capitalist Pig if I sell it the same day I buy it, but invite me in for
dinner with Mom and Dad and Uncle and the rest of the Workers if I hold it until you
think it's not Evil?
I'm not here to defend day trading. Day trading is the hardest way to make money in
the market I've ever seen. I can do it, most people I've seen cannot. The first thing I
say when somebody asks me about day trading is, "Don't do it." But, dude, you really
should think before you post this junk you post.
You assert that day trading has "hurt the market" (whatever that means) because
people don't understand why they made whatever investment decision they made, and
are thus more susceptible to manipulation and rumors. That has nothing to do with it.
What you are really bitching about is technical analysis, which I am guessing you know
little about. But take a look at your statement. I use TA for investing, and then I pay
attention to rumors about the company? Nope.
It's a sad fact that the vast majority of people that invest in the stock market wouldn't
know a good company if it walked up and bit them on the ass.
But that's not my fault. I'm not responsible for morons that refuse to do their part on
this planet. They are responsible. I'll help them, but I won't give them handouts. They
have to learn, just like I did. How much money have you donated to the refugees in
Kosovo, Steve? You don't know me, so take your self-righteous crap somewhere else.
I work for a living. I always have.
Unlike you, I don't think the question is more important than the answer, because I do
have some answers. So either be straight with me and say what you mean and cut the
lame Bad Zen socialist jazz and make a positive contribution to the game we are
playing here, or go to another thread where people will think you are wise and
knowing. And I don't mean that in a bad way.
Thanks in advance.
TLC
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