[big poppa]

Just finished episode 2. Cool series

SPOILER
Thank God the old dude left. Definite closet homo by the way.

[cardguy]

The old dude is a genius.

Everything he invested in sank.

To make money you just have to take his picks - and trade the opposite way.

He could make billions!

[Ensam]

(03-26-2014 08:34 PM)Steve9 Wrote:  

(03-26-2014 01:23 PM)cardguy Wrote:  

So - you are saying the stock market is bullshit? In terms of paying somebody to try and beat it? It is just random?

I have big suspicions as well (I did a thread on it once). But just wondering what your take is?

I would say that TV series is bullshit in that is gives people the idea that they can quickly become successful at trading. It is no surprise that the millionaire trader in the show, Lex van Dam, is selling a trading course on his web site for $199 -- http://www.lexvandam.com/

If he is such a good trader why does he have to supplement his income selling trading courses for $199?

There are actually some very good hedge funds out there. If you want to see how a successful hedge fund manager looks at investment opportunities have a read of John Hempton's blog -- http://brontecapital.blogspot.com.au

From his latest post on Herbalife : "This post doesn't do the research for you. It outlines a process by which you can do it for yourself. There is very big money to be made here - Herbalife in the conception of the bears goes to zero. I think it goes well over $100 and probably eventually closer to $200."

Considering a group of newbies out traded him during the crisis I don't think he's very good at all.

The funny thing is the chick who couldn't find anything to invest in (and cried about it) was probably the only one with a good trading strategy during that time period. Her do nothing approach outperformed the pros.

[zoom]

Thanks for sharing this

[lowside]

(03-27-2014 05:11 PM)Ensam Wrote:  

The funny thing is the chick who couldn't find anything to invest in (and cried about it) was probably the only one with a good trading strategy during that time period. Her do nothing approach outperformed the pros.

Exactly! And she wasn't the only one, a couple of them didn't even use 50% of their allowed sum untill a couple weeks in. You can't lose if you don't trade.