/biz/ - Business & Finance

Babby's first bull market? Son, we're still climbing the median. The "unchartered" (lol) territory is miles away.

>>229711

I just wonder what people who look at the chart alone have as a mental stop. How do you decide where the fun stops after an all-time high?

>>229721
>How do you decide where the fun stops after an all-time high?
You don't. You can't time the market. No one can. Read the studies on market timing.

When you take a long-term perspective, these corrections, bull runs, dips, etc. all become one smooth upward trend. as soon as you let fear or "your gut" dictate your trading, you relegate yourself to underperformance.

Everyone thinks they are smarter than the market...that they can see the highs and the lows. And yet people who try to time the market invariably perform worse than buy-and-hold. Explain that.

>>229729

I can't really argue with this post. But I'm sure some people have a rule of thumb which they use after an all-time high and then they stop buying.

>>229721

Apply the reasoning behind a trailing stop, have a plan for when to buy back in, and don't get emotional over losses.

>>229767
The myth you can't time the market is even bigger than the myth that you can.

The real issue is how fast you can move, which if you have small capital is pretty fast. Fund managers can't do it because they manage too much money, and most people don't have a plan and try to follow their gut which also fucks them.

The key is to realize you have only a vague idea what the market will do on any given day, and be prepared to make money either way.

Kohls started in Wisconsin you fucktard.

>>229770
How do YOU set a trailing stop? That would interest me.

>>229784
I'm convinced there are these "normal risk with high potential payoff" opportunities in the market every day. Where you'd lose most of the time but the winners make up for the losers and you end up in the green. I just have no idea how to spot them.

>>229486
look at the proportions of money in the bond market and stock market

>>231882

Are there absolute numbers available or should I just look at the percentage changes and flow of the money?

>>231898
$3.50

>>230459
It's in WI. Look at the fucking map.

>>232054
maybe it's just there now.

>>229729
explain why day trading as a career is viable

>>232661
>explain why day trading as a career is viable
It's not. Approximately 90% of daytraders lose money and quit within the first two years.

http://faculty.haas.berkeley.edu/odean/papers/Day%20Traders/Day%20Trade%20040330.pdf

http://www.slate.com/articles/business/moneybox/1999/08/day_trading_is_for_suckers.html

http://www.the1000club.com/day_trading_report.php

https://www.sec.gov/investor/pubs/daytips.htm

I could go continue the list, but I'm bored and this was a stupid question.

>>232725
really? I wasn't even trying to bait you because like financial advisors are plentiful and I assume most make decent money. then hedge fund managers and even portfolio managers for actively managed mutual funds....there are tons of people who are invested in those. I know you said in the past that ignorant people exist in abundance but....well

I was looking around more on Vanguard and I can't believe the minimum buy in for small cap growth or small cap value Admiral was $10,000

>>232725
>and i forgot to mention

just day traders as a profession seems to be really respected

>>232773
>the minimum buy in for small cap growth or small cap value Admiral was $10,000
It used to be $50,000. Now all you plebs can get in.

>>232777
>day traders as a profession seems to be really respected
Hehe. Good one.

>>232725
Most people couldn't get a phd in a stem field either, but that doesn't mean it isn't viable.