Lyx Uk Qual Div Discussion Threads

[neo anderson] 23/1/2004 00:06

oswd.

Please see the post above (a few above) and send it to ADVFN.

Thanks.

Helpful Anderson

[neo anderson] 23/1/2004 00:04

oswd.

Name an instance where I blackmailed you or even hinted of it.

IMO you know no bounds, you have no honour and you know squat about a subject which you preach daily about.

If I were as bad as you oswd the web address would be public knowledge on ADVFN by now. I'm not made like that oswd, I don't need to use it. I'll just contribute where I see fit and systematically destroy your credibility as I do it. In fact IMO you've already destroyed your own credibility but that's a different matter.

Kind Regards.

Bed-Time Anderson

[neo anderson] 22/1/2004 23:53

Mad.

Complain. Cut and paste this:

Dear ADVFN. I'm sick of Neo causing trouble. Please ban him at once, he's a disruptive influence and something should be done about him.

Please go here for proof:

Thanks.

MadSend it mad. Go for it mate. If you weren't so ignorant you wouldn't fuel my fire.

Regards.

N. Anderson

[neo anderson] 22/1/2004 23:50

oswd.

'mess with you'. LOL! I've already had Haystack fully enstated as a voice of reason, I took over your thread and changed the direction, I've got your web address which shows a pitiful CV (and picture) and you're now quietly ridiculed on the 'problems on the FBB' thread on the PBB.

Don't worry oswd. I won't mess with you.

Kind Regards.

N. Anderson (spinning in a medium fashion)

[mad4it] 22/1/2004 23:48

Neo

As you can see, your hostile and disruptive posts directed at me have put an end to the friendly discussion on this thread and driven everybody away, as usual.

But I take comfort in the fact that you are further exposing yourself for the cowardly hypocrite that you are.

I was just trying to have a friendly chat with my fellow investors and perhaps pass on some useful advice. I learnt a lot from experienced traders when I first started.

But your disruptive presence here means that that's no longer possible because you are determined to follow me round this BB harassing me and you don't care how many decent threads you destroy in the process.

So for the sake of Maestro's thread I'll post no more. You may not care about turning this thread into another war zone Neo but I do.

Thanks for the exchange of views everyone and good luck with your trading.

[neo anderson] 22/1/2004 23:44

oswd.

I don't care on any count. I'd just rather you weren't around at all, IMO you're a nasty piece of work.

Happy Trading.

Concise Anderson

[agincourt] 22/1/2004 23:44

maestro


Are you spreadbetting blancmange?

[neo anderson] 22/1/2004 23:38

Mad.

Is it me or does that post sound loud but say nothing at all.

I'm not being picky here mad, I'm from an accounting background and to condone a trading theory which appears to be proud of being ignorant of the financials is a complete nonsense.

Call me old fashioned mad, If I'm buying cows I want them to be in good health. I dont want to buy 50 cows and hope that some are in good health.

I could go on and I probably will.

Rolling Anderson

[mad4it] 22/1/2004 23:33

Neo

I think you'll find I'm giving individual examples of trading pros & cons. You saying that the fundamental analysis of a share is essential is like saying you need air to breath....or is it!

I think you'll find a great deal of disagreement about that.

EG: Andrew McHattie is a technical trader who I rate, he appeared on an ADVFN GURU thread.
He spoke about one share he had traded successfully and a poster appeared who was an investor in that company and asked him what he thought about the companies fundamentals. Andrew said " Sorry, I don't even know what they do. "

Many professional technical traders know little or nothing about the shares they buy, but still do very well.

Neo, frankly you know nothing about the pros and cons of the market.

I could move on and talk about 'Efficient market Theory' or any number of different things, but what would be the point when you havn't got a clue what it all means.

It's easy to be an 'arm chair' expert Neo, but the reality is you know little or nothing about the workings of the stock market. So I wont waste my time on you as you're only really here to have another pop at me and disrupt another good thread.

You could be a full time trader Neo and I could score 30 goals a year for the Villa........in our dreams.

[neo anderson] 22/1/2004 23:28

Mad.

You backed your own point up weakly. What about the weaknesses in your 'system'? Should they be given an airing?

Also, you admit that your man 'Jesse Livermore' lost several fortunes. Uh??

Kind Regards. An answer of some meaningful description would be welcome.

N. Anderson (Pain to some, music to others)

[mad4it] 22/1/2004 23:16

maestro. - 22 Jan'04 - 22:42 - 100 of 107


MAD4IT..cheers for that...hard to know when to cut your losers though..take TBI for example...i'm 800 quid down but reckon it would be daft to sell now...a little patience could see it up again...however i agree it is sometimes best to get rid of your losers and start with a clean slate...having deposits tied up can stifle your trading...
....................................................................

That's an excellent illustration of why making a living off the market is so difficult.

That's why it's difficult to trade the market and why the individual skills, personality, risk reward tolerence and available money of each individual all come into it.

My trading strategy is based on the teachings of one of the greatest traders of all time: Jesse Livermore.

But despite his undoubted skill he LOST several fortunes and in the end the market ( along with his private life ) defeated him. He ended up commiting suicide.

So why do I rate him so highly ?

Because his theories were sound, but his personality let him down. He was to 'all or nothing' about his trading.

The point is that all of us could follow exactly the same trading strategy, but some people will always be more succesful than others due to the variables at work: Personality, timing, perception, money flow...etc.

The real moral of Jesse's life story is that the market can end up humbling even the greatest trader. Ultimately you only get to say you're one of the 5% if you get to keep all your money and retire on it.

[neo anderson] 22/1/2004 23:08

oswd.

Every day you let me know more about who you are.

Today you told me this:

oswd - 22 Jan'04 - 22:30 - 96 of 109

mad4IT - 18K acquired from any source and reinvested in a massive growth stock will lead to significant gains such as QXL, a little like gearing.

Well done maestro!

You don't have the first clue about gearing and you think that maestro is being wise.

We all have our hills to climb oswd, you have your own mountain.

Kind Regards.

N. Anderson

[neo anderson] 22/1/2004 23:05

LOL mad4IT!

You gave us a system for calculating how to diversify a portfolio's value depending on the capital available. You let us know how to split our capital up.

What you didn't do is even touch on how to assess a companies financials using the balance sheet, a risk factor, having a screwd eye on products and markets and understanding at least the fundamentals of the running of any company.

Your example helped us to split up the pie, it made no mention of the important aspects of investing, i.e. all of the above combined.

Over to you guru.

Kind Regards.

Realist Anderson

[mad4it] 22/1/2004 23:00

Neo

The 'workings of the company' have no relevance in the example I just gave.

[mad4it] 22/1/2004 22:53

oswd - I take your point about gearing, but you are better off using margin than to much actual debt. I have almost all my money in the market + margin. But I have zero debt. Nothing.

Trading with debt will undoubtedly influence your trading decisions sooner or later.

Which brings me to another absolutely key point about the nature of succesful trading. The more money you can afford to invest, the more successful you will be. There's an equasion that covers this, but briefly speaking the old adage holds true: 'Money makes money'

EG: The current bull run:

If I have 100k & you have 10k I can afford to put 5k into 20 shares, or 2.5k into 40 shares....etc. Therefore I can take advantage of almost every opportunity I see. Once in position I apply the classic rules above.

However: You only have 10k, so you can't take advantage of every opportunity.
This has several consequences:

1) You are more likely to hesitate on a trade because you can'tafford to be wrong to often.
2) You can't just buy every opportunity that arises. You have to be more selective, but that's a difficult thing to judge....

% Theory:

If we both look at the same 10 shares and we both rate them a buy. Because I have 10 times your money I can afford to buy all 10 of them. But you can only afford 1. Therefore in absolute terms I am always likely to do better because, even though I'll have a few losers out of my 10, as long as I follow the classic rules and cut my losers I can run my winners EG: I might end up with 7 winners out of 10 that I can run my winnings on.

But you only get to pick 1 out of 10. So if you are unlucky and pick one of the 3 losers, you are stuffed. Then you might sell it and be unlucky again and buy another of the 3 losers. This % process only ends when you can afford to overcome the % pitfall with more money.

I hope that makes sense.