-
08-02-2018, 08:57 AM
#3921
Originally Posted by bull....
the times are a changing , better adjust your strategies
No need, don't fight the bots, work around them and stand firm, their goal is to produce fear and panic forcing weak hands to sell ,so they can then mop up cheap shares, don't play their game.
-
08-02-2018, 09:08 AM
#3922
Originally Posted by winner69
This quite good -
Stock markets slide for a day. Result: mass panic and wall-to-wall coverage.
Soil is sliding off the land worldwide, threatening the entire basis of human survival. Result: indifference, no matter coverage.
What is salient is not important
What is important is not salient
(Don’t know who said, sent to me without reference)
A rebuke from Kate to her fellow NZ Herald's matthew 'wet behind the ears' Theunissen business writer over his emotive 'Bloodbath' article, blindly copying headlines from overseas.
http://www.nzherald.co.nz/business/n...ectid=11989277
Pity really as he could have put some perspective on the market drop - giving up 5% after 35% gain is 'bloodbath'?
-
08-02-2018, 09:25 AM
#3923
Originally Posted by winner69
You into these VIX derivatives ...they sound fun
Even though some funds have been wiped out over the last day or two
It's the derivatives that are destabilising relatively sound capital markets. Monday's Wall St record plummet was not a market correction - it was a meltdown. Wild swings of 100 or so points either way in the space of an hour constitutes mayhem and chaos, which is more likened to a drunken splurge in Las Vegas. I think we are yet to see an overall market correction but just looking at my own portfolio (which is not necessarily reflective of the NZX) - my graph is showing a steady line down from +15.10% at the beginning of the year to +7.9% yesterday so I'll be watching with interest as the current volatility may be masking some other underlying theme.
-
08-02-2018, 01:10 PM
#3924
Nicholas Taleb’s book Fooled by Randomness should be required reading for all investors. I read it at least once a year (good for long haul flights)
One good part is how he explains the self anxiety caused by looking at your portfolio too often. The less often you look you get heaps more enjoyable moments (up / gains) than anxious ones (down / losses) ....and when you continually look at your portfolio the chances are that are only a few enjoyable moments than anxious ones.
This dude covers it off better than we
https://acquirersmultiple.com/2017/1...or-themselves/
So for a pleasurable life and less moments of anxiety and stress please stop looking up prices every few minutes ...or hours. Not good for your health
Bull... he is excused as he is a real trader and needs to look every second to make a bob (but probably has many anxious moments as well)
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
08-02-2018, 01:27 PM
#3925
Originally Posted by winner69
Nicholas Taleb’s book Fooled by Randomness should be required reading for all investors. I read it at least once a year (good for long haul flights)
One good part is how he explains the self anxiety caused by looking at your portfolio too often. The less often you look you get heaps more enjoyable moments (up / gains) than anxious ones (down / losses) ....and when you continually look at your portfolio the chances are that are only a few enjoyable moments than anxious ones.
This dude covers it off better than we
https://acquirersmultiple.com/2017/1...or-themselves/
So for a pleasurable life and less moments of anxiety and stress please stop looking up prices every few minutes ...or hours. Not good for your health
Bull... he is excused as he is a real trader and needs to look every second to make a bob (but probably has many anxious moments as well)
Thanks for the reminder Winner... need to get the book from the library again and read. It certainly was an eye opener the first time. He writes well too does Taleb. I already knew about the anxiety at looking often at markets, if you know the psychology behind it you can actually make quite a bit of money off that fact alone.
The big problem being our mind that the negative moments cause more "pain" then the positive moments cause "pleasure" by about 2 to 1 or even more thus never being enough to compensate if you look at your positions too frequently.
Last edited by blackcap; 08-02-2018 at 01:32 PM.
-
08-02-2018, 01:27 PM
#3926
Originally Posted by winner69
One good part is how he explains the self anxiety caused by looking at your portfolio too often. The less often you look you get heaps more enjoyable moments (up / gains) than anxious ones (down / losses) ....and when you continually look at your portfolio the chances are that are only a few enjoyable moments than anxious ones.
I'll be one to admit my portfolio gets the regular f5 treatment. Its part of the fun. But its only on the first of every month do i take a serious look and record where each share is at. Hence I have a monthly trail going back decades on my overall positions. And lso why I don't get too anxious - as generally the position improves month on month and if not certainly year on year.
-
08-02-2018, 01:34 PM
#3927
Originally Posted by winner69
Nicholas Taleb’s book Fooled by Randomness should be required reading for all investors. I read it at least once a year (good for long haul flights)
One good part is how he explains the self anxiety caused by looking at your portfolio too often. The less often you look you get heaps more enjoyable moments (up / gains) than anxious ones (down / losses) ....and when you continually look at your portfolio the chances are that are only a few enjoyable moments than anxious ones.
This dude covers it off better than we
https://acquirersmultiple.com/2017/1...or-themselves/
So for a pleasurable life and less moments of anxiety and stress please stop looking up prices every few minutes ...or hours. Not good for your health
Bull... he is excused as he is a real trader and needs to look every second to make a bob (but probably has many anxious moments as well)
Gee winner, you spoil all the fun, some days I barely leave the screen when work is quiet, haven't noticed any health deterioration, horses for courses mate.
-
08-02-2018, 01:56 PM
#3928
Originally Posted by minimoke
I'll be one to admit my portfolio gets the regular f5 treatment. Its part of the fun. But its only on the first of every month do i take a serious look and record where each share is at. Hence I have a monthly trail going back decades on my overall positions. And lso why I don't get too anxious - as generally the position improves month on month and if not certainly year on year.
What’s this f5 mini?
Had a friend once whose nick name was f1 - one of her jobs was writing the words that popped up when you pressed f1
Do they still use f1 .....seems to be an icon with a question mark to click on these days
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
08-02-2018, 02:02 PM
#3929
Member
I think he means 'refresh' ..(F5) keyboard speak
-
08-02-2018, 02:08 PM
#3930
Originally Posted by tzbang
I think he means 'refresh' ..(F5) keyboard speak
That is correct
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks