For the "buy & hold" crowd.....

Irrelevant.

....... then you missed the point.

1. The reason the average position is so brief is because they are from-running the retail investors trades, making billions scalping fractions of a penny both on the sell side and the buy side. Can you do that?  Can anyone posting on this board do that? Can any retail investor? And whose pockets do you think those scalped billions are coming out of?

But more importantly as it pertains to you, the buy & hold for months investor who is patient

2. In the event of a market crash, a flash crash, or a severe correction, who do you think is going to be left holding the bag, you who holds for 12 months or those HFT outfits who are in and out in 12 seconds?

It's irrelevant only if what you are posting on here is fiction.

Menelaus - you align yourself with the 27 sec faction against "buy and hold" guys like me. But you don't have the means to compete in that field, you would need a supercomputer pinging the market. So, as much as you would like forum readers to think you belong in that gang, you don't.

The more often you dive in and out of the market, the more often you get scalped.

Are you making this stuff up as you go along?

Point me where in this forum I posted I'm a HFT? For you do even suggest that tells me that you have no clue how these guys work? Are you aware that their powerful servers that you mention are located right on the exchange floor?

Part 2, was the important one for you to consider but you conviently chose to ignore my point.

I'm starting to get the sense that shouting "buy apple" is one thing but ACTUALLY buying apple is an entirely different matter.

You wrongly think that the figures you quoted disadvantages the "buy and hold" investor like me, against a "frequent trader" such as yourself. That's why you addressed the thread to long-term investors. But what those statistics prove is that the more frequently you trade, the more you lose to the bots. And the compulsive micro-manager is guaranteed to lose ALL his investment. So you have unwittingly shot yourself in the foot with your opening salvo.

Nice try. Keep knocking down those strawmen you keep putting up.

I put the thread up to make you aware that the "12 seconds" guys will be out the fire exits and you'll be there holding the bag before you even clue in about what's going on. Everything else you posted is a figment of your overactive imagination.

The more you post, the more I'm convinced you don't own a single share of AAPL. Just a hunch.

your ignorance of reality is getting more and more astounding melly.

as united points out you confuse buy and hold with superfast trading.You are an absolute KNOB. Day after day you confirm you  have'nt the slightest clue about trading.

Get back to the griller you burger flipper.

benny, benny, benny, why do you have to be so bitter?

So gold is still $650+ solidly over your horrid "gold under $1,000" call, so your "sell all metals" call didn't pan out, so you didn't know how money gets created and you had no idea that WTI is not the price of oil, nor do you have the faintest idea how we calculate inflation, and still don't understand what hyperinflation really is......SO WHAT?

It's not the end of the world is it?

You're not the first mug who exposed himself to be a fool on these forums, and I'm sure you won't be the last.

So stop being so bitter.

melly in the interests of fairness you should start to quote my many winning POSTED trades as well as the gold quote. However you will not do that because you are scum.

I WOULD post your winning recommendations to counterbalance your multiple losing ones-IF I COULD FIND ONE!!

Alas there are none so I cannot.

this thread just highlights what a hypocritical cretin melly is.

This isn't the first time he has derided "long term" holders. After all, a famous quote of melly was "there is no way you can make money at this game unless you hold positions for less than 30 seconds". Looks like he is at it again in this thread.

I wouldn't actually have a problem with this view - if he wasn't such a hypocrite about it.

You see, melly quite often places swing or position trades - just look at his AAPL trade or Gold for an example. It is apparently perfectly fine for him to do this, as he is an "expert", but as soon as anyone else puts a trade on that lasts more than a few days, he starts calling them clueless mugs for using a strategy that apparently "doesn't work". What a ****ing hypocrite.

No doubt melly will be along with his masterful critical thinking skills and selective memory to shoot me down on this.

I will ask you again melly, seeing as you ignored me last time:

Either admit that swing/position trading is a perfectly valid strategy and stop insulting people for using it, or, that you are a clueless mug because you use this strategy all the time yourself.

Which will it be?

I'll wait for the sound of a distant gunshot as Menelaus blows off his remaining foot. \/ \/ \/

I had a hunch I was right about the "you don't own any" part.



P.S. I let you know as soon as the LSE allocates me space to set up my HFT servers /// snark  You'd think someone playing these markets would *at least* know that.

Whipeout, I'm done educating you on here. But if I spot a good penny stock I'll be sure to let you know.


P.S. Out of curiosity, do you ever change positions with the Australian?

Boom.

yeah, boom indeed, only that hand grenade blew up in your hands when you pulled the pin.



don't feel bad, it happens to a lot of people on here

Time is relative, down his local YMCA 22 seconds would be a record for mellyburger so i'm told by a concrete source.

What do you think LaDouche, is that "gold under $1,000" scenario you posted about unfolding yet, or not?

Keep hoping though. Hope's spring is eternal....or something like that.

In the meantime, keep going broke.

This is so people don't think I'm making this stuff up (highlites and underlines are mine):

PierreLaRogue     08 Jan 12 00:47 
lol melly burger is at it again, i believe there is a small chance that gold could go below $1000 if certain scenarios were to happen, and now he has said it will NEVER go below 1000 i hope it happens :D. I'm neutral on gold for now, concentrating on investing on long dated products that will last me through the next few years, beer ect. I could probably get a bar of gold for my beer if it was the only can of beer left in a post apocalyptic world.

yes Melly a 1000-1 chance but still a chance and its not going to happen in 1 month, you posted that gold will never again drop below $1000 which is a bit cowardly but its to be expected from you, you could have put a useful level such as $1250 or $1400. Why don't you just say gold will never drop below $100?, prove your genius to everyone with your bold calls .

When I posted "gold will never go under $1,000", gold was $$1,250 you clueless mug.

Let's just say I don't like betting on 1000-1 chances, just to spite someone.

Keeping hoping though, let's see how that works out for you.

I didn't say i was betting on it, i just said i hoped it happened to make  you look like a bigger mug than you already clearly are to everywon on this forum.

Ok, guys if you can stop hurling insults at each other and get back on topic...

I think HFT would be good if it was done properly: no access to info on trades before they are even placed. If there are making their money purely from superior technology/methods that's ok, but that is not what's happening.

unitedbiscuits

I'll wait for the sound of a distant gunshot as Menelaus blows off his remaining foot. \/ \/ \/

PierreLaRogue

Time is relative, down his local YMCA 22 seconds would be a record for mellyburger so i'm told by a concrete source. Shocked


two of the funniest comments of all time on this forum.

LaDouche, only mugs like you don't know the difference between a 1000/1 chance and........ZERO.

And the hoping in the world is not going to make the two be the same.






But as always, people reveal something about themselves in these posts. Here's your money line:

PierreLaRogue     08 Jan 12 00:47
lol melly burger is at it again, i believe there is a small chance that gold could go below $1000 if certain scenarios were to happen, and now he has said it will NEVER go below 1000 i hope it happens :D. I'm neutral on gold for now, concentrating on investing on long dated products that will last me through the next few years, beer ect. I could probably get a bar of gold for my beer if it was the only can of beer left in a post apocalyptic world.


Only a complete mug would prefer owing beer to gold. And I'll let you in on a secret, go check those bottles of beer you own and read the label again. There's an expiry date printed on it somewhere. Ooops.

all