Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (83794)	4/30/2007 3:41:17 PM
From: Pete Mason	Respond to of 206330

Luckily, I don't have to beat "the market." I only have to beat other traders ;-) -- Pete

To: Wyätt Gwyön who wrote (83794)	4/30/2007 4:37:26 PM
From: tom pope	Read Replies (2) \| Respond to of 206330

I'm don't want to appear to be trying to flatter you, but if you kept most of your 1999-2000 gains, something more than luck was at work. I guess you saw the Black Swan's fat tail for what it was and acted accordingly.

To: Wyätt Gwyön who wrote (83794)	4/30/2007 6:03:08 PM
From: chowder	Read Replies (2) \| Respond to of 206330

From my perspective, I don't have to beat the market. I have to beat me. Although I consider myself a technical trader, I never look at the fundamentals, I don't use technical analysis the way most people do. My main concern is if price is in an uptrend or downtrend. Then I look at supply vs. demand. If I see where demand has control, I'm in. If supply has control, I'm out. It's a very simple process that I have been able to duplicate over and over again. With regard to demand, I don't know why pet rocks were popular, but they were. A lot of money was made by retailers who recognized the trend early and took advantage of it. I remember how hot beanie babies were. A lot of people identified the trend early and took advantage of it, making a lot of money along the way. Since my background is in sales, I understand the power of supply vs. demand. I see the same thing in the stock market and that's what I try to take advantage of. With regard to skill, I suppose it would depend on how we define skill. I can't tell you what stock is going to go up or down. So, I suppose you could say I lack the skill to consistently profit from the market. What I can do though is identify stocks that are under accumulation by institutional traders and then buy those stocks. Skill? I don't know. What I do consider a skill is the ability to eliminate most emotion from the process. That takes skill, at least it did for me. Everything else I learned from someone else who was very good at making money in the market.