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Old 06-29-2017,
CalvinAcefe CalvinAcefe is offline
Join Date: Feb 2017
Posts: 0
Default Gambling.

I haven't been paying attention or learning anything about stocks for the last couple of days or weeks maybe. I really like to think that there's some type of format to trading stocks, but it seems more subjective than anything.

So it kind of stressed me out and I started learning to play poker. Which is really fun.

I've been told on many occasions that stocks are like gambling and I should stay away. What's so wrong with poker/gambling? It's something profitable so as long as your skilled. If you fold on time you're cutting your losses.

Which is more profitable? From a non-subjective point?
I feel like stocks should be easier to be accurate on because you have access to so much information.
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Old 06-30-2017,
CallieBurn CallieBurn is offline
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Join Date: Apr 2017
Posts: 0

Also.. I don't know what to learn anymore.
Technical indicators? = Garbage because some big firm already researched it.
Fundamentals? = Buy on the rumor, sell on the news. I'm not friends with any insiders unfortunately.

I've taken all this advice and now I'm stumbling through the objections. I don't know how to try and predict a stock anymore.
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Old 07-02-2017,
caetherdiurf caetherdiurf is offline
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Join Date: Apr 2017
Posts: 0

That makes a lot of sense but again it's subjective. It's great advice but it doesn't go into specifics.
How do you form a strategy to begin with? How do you say XYZ company will go up because of X "mechanical" facts.
I can stick to rules, but how do you make those rules to begin with?
And then once you do how do you manage risk? How do you say I XYZ company is at $5 dollars, I because backed by "facts of" assume XYZ will climb to $10.
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Old 07-03-2017,
Calebzep Calebzep is offline
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Join Date: May 2017
Posts: 0

Not really. If you look at Dough.com there are NO technical indicators aside from a tiny candlechart you can pull up. Their strategies are built around the idea that any directional play is basically a 50/50 shot. Most of the strategies involve volatility mean reversion, price extremes, cost basis reduction, theta decay, standard deviations, delta risk, etc. All of which are measurable.

Everything they do is up on tastytrade.com, and the tastytrade youtube channel, all free for anyone who wants to take the time to learn it.
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Old 07-04-2017,
admin admin is offline
Join Date: Dec 2010
Posts: 756

Don't consider Technicals garbage. They still give us a sense of direction and we can play accordingly using proper risk management. Technicals are constantly changing though. You must adapt. Kind of like poker. Adapt your bet to the type of players playing, strength of your hand, slow play, bluff or fold, etc

Same with options really. Strategy, Strategy, Strategy... But you have to put in the effort to learn one.

Fundamentals = The health of the company financially as studied through financial statements. Rumors/News is the story, NOT Fundamentals.....

Stop watching/reading the news and you will find more trade opportunities than you ever imagined.
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