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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (6281)	2/2/2023 12:10:10 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 10695

You can believe what you want. When I post total gains, like I did yesterday, you can backtrack and see where the entry was. You don't find me holding loser. I speculate on where hard bounces materialize. And in the case of Neo Performance, I actually said when I sold it all. And I have also posted my total portfolio performance and it has handily beaten the market. But that is beside the point. The point of the discussion was that somehow you think you are an investor and I am a gambler. But you've never explained what separates a trader from an investor. The best I've seen anyone come up with is that an investment is supposed to be measured in years whereas trades are shorter term. But if that is the dividing line, it still doesn't explain why holding something for years is less of a gamble than following the trend. Internet delivered everything that its dot-com proponents promised and more. Yet most long term investors lost their shirt. Those who followed the trend did just fine. So who was the bigger gambler? There is no difference between investing, trading, and speculating. They all should be measured on risk adjusted returns. Anyone who doesn't understand the interactions between risk, timeframe, and returns for a specific stock is gambler flying blind. The rest are making intelligent choices.

To: Lee Lichterman III who wrote (6281)	2/2/2023 2:46:20 PM
From: Sun Tzu	Respond to of 10695

One last thing. I never said that I have not had a losing trade. I've had lots of those and if you pay attention to what I post you will know what they are. What I have said is that except for when I declare that I am fighting the tape, I don't let a small loss become a big one. And this is why you won't find spectacular losses in my portfolio. This, if you had paid attention, is a natural consequence of my trading system. I trade at extreme edges as soon as the trend starts to turn. If I am wrong, I will know it very soon, typically within 2 days. And if I am right, it will move up a lot because I bought it when it was highly oversold on a support level. What I do, and you must have heard me say it several times, is similar to harmonic trading. And it produces similar performance.