Following the Smart Money Traders with the Deepest Pockets

As a trader, you'll find that you're usually your own worst enemy. It's so easy to slip into bad habits that it'll make your head spin. In this episode, we teach you what to watch out for, and how to focus in on finding the best low-risk high-reward trading opportunities. Stock mentions: NYSE:EFD

Notes/Links/Transcript: http://www.moMoneyTV.com/vlog/moMONEY/20070531.html

Category:

Howto & Style

Tags:

• be
• your
• own
• hedgefund
• catalysts
• efunds
• corp
• hedge
• funds
• market
• symmetry
• nyse:efd
• risk
• reward
• stock
• trading

[ArmyFtBall]

Before telling other people what to do, you should put up your own P&L statements for the past 3 years.

[vlogolution]

oh really, and why should I care to do that for you? And how exactly am I telling people what to do? If you have some experience to add that we can all truly learn from, say it, if not, stop wasting our time and SHUT YOUR DARN PIEHOLE... If none of this makes sense to you, don't watch and get schooled.

[Ian7570]

I actually thought this was a comedy vid at first. Do people actually buy this shit? "If you had bought this unknown stock at 2 cents on May 2nd at it's all time low, and sold it 10 years later at it's all time high of $20 you would be rich"

[TheJimfredrickson]

Has anyone tried this yet? This is the same strategy that commodities trader Richard Dennis used: originalturtletrader [dot] com

[SmackNcrack01]

Love that movie! I was 3 when it came out but they was shortin' even then! Don Ameche was a real Don juan in the forties, there was a movie a couple weeks ago on film4 where he's tellin the devil bout his life, I went out n missed it !!!

[darthstarwarsgeek]

Ha ha, one and only time Don Ameche ever swore on film..

[SmackNcrack01]

mORTIMER UR BROTHERS SICK...WE SHUD CALL A DOCTOR...FUCK HIM...bring those brokers bak in ere, turn those machines bak on...turn those machines bak on!!!

[darthstarwarsgeek]

Ah ha, no you're right, apart from Valentine & Winthorpe in Trading Places. Well I'm not out to make a mill not for now anyhow. My focus is on building my broker account so I can tell my employers to stuff their job. I'm in it for a pay check, but more importantly the freedom that comes with professional trading.

I concede you have made some good point tho'

Thanks for the invite by the way.

[SmackNcrack01]

John Paulson saw wot was goin wrong in the mortgage/loan market in 05'!!! thats not a day trade!!! A day is useless to a GENUINE investor! U surely cant tell me dat u know wot will happen in 1day!!! dats my point...no body can make money in a day...i know its possible but u know wot i mean, surely, consistent returns are based on LONG term predictions aint they? Please b honest! NO BODY made millions bettin day by day!!!

[darthstarwarsgeek]

second thoughts maybe it's a case of semantics, you call it gambling, I call it a very highly managed degree of risk.

[darthstarwarsgeek]

I'll freely admit to not owning a crystal ball and sure there is a degree of risk, but you have to manage that risk.

To merely call it gambling is to detract from the skill required to do it correctly. I'm sure that you'll admit that there is also a risk of loss inherent in purchasing stocks to hold long term "Buffet style". Even when you get out of bed in the morning you take a risk that you might slip over in the bathroom and break your neck, would you describe that as gambling?