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Any market players/traders on this board???, by graeme501 on Sept 18, 2008 12:07:03 GMT 1, "for instance lets discuss whether the markets are simply are way of destabilising economies for short term gain of traders etc"
i have no idea what that means, maybe i should retire to the art threads 
"for instance lets discuss whether the markets are simply are way of destabilising economies for short term gain of traders etc" i have no idea what that means, maybe i should retire to the art threads |
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Any market players/traders on this board???, by graeme501 on Sept 18, 2008 12:08:02 GMT 1, bet my jobs more boring that yours  if it was mate I'd feel mighty sorry for u
a who has the most borning job thread coming up?
bet my jobs more boring that yours if it was mate I'd feel mighty sorry for u a who has the most borning job thread coming up? |
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funster
Junior Member
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October 2006
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Any market players/traders on this board???, by funster on Sept 18, 2008 12:11:17 GMT 1, i dont understand trading at all (gold is good, banks are bad?) but its interesting to read up on, and quite relevent at the moment as all the banks are going down the s**tter I'd be interested to if it was an explanation of what was happening in the markets in english, as opposed to an explanation of how much money someone's making...for instance lets discuss whether the markets are simply are way of destabilising economies for short term gain of traders etc... because quite honestly all the stock market looks like to me is a vehicle for greed ...and is the very antithesis of what Banksy is all about
It's not always a vehicle for greed. It's in fact quite an important tool for many people without them even realising it - take pensions for instance. A pension underpinned over a full economic cycle is far more likely to outperform a deposit based investment. Why is this important? It's important to have something that will stave off inflation, this is where most OAP's get hurt - they don't buy anything more than they use to, but it's more expensive than it was and their income hasn't gone up enough to keep up with it.
i dont understand trading at all (gold is good, banks are bad?) but its interesting to read up on, and quite relevent at the moment as all the banks are going down the s**tter I'd be interested to if it was an explanation of what was happening in the markets in english, as opposed to an explanation of how much money someone's making...for instance lets discuss whether the markets are simply are way of destabilising economies for short term gain of traders etc... because quite honestly all the stock market looks like to me is a vehicle for greed ...and is the very antithesis of what Banksy is all about It's not always a vehicle for greed. It's in fact quite an important tool for many people without them even realising it - take pensions for instance. A pension underpinned over a full economic cycle is far more likely to outperform a deposit based investment. Why is this important? It's important to have something that will stave off inflation, this is where most OAP's get hurt - they don't buy anything more than they use to, but it's more expensive than it was and their income hasn't gone up enough to keep up with it. |
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Any market players/traders on this board???, by carlito on Sept 18, 2008 12:16:46 GMT 1, ....so a system that relies on instability to create profit is a good thing? A system that allows rumour to devalue a company and therefore cause hardship to those who then find themself out of work is positive? I just find market forces without any government intervention incredibly worrying - apart from to those benefitting from it...
....so a system that relies on instability to create profit is a good thing? A system that allows rumour to devalue a company and therefore cause hardship to those who then find themself out of work is positive? I just find market forces without any government intervention incredibly worrying - apart from to those benefitting from it...
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funster
Junior Member
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October 2006
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Any market players/traders on this board???, by funster on Sept 18, 2008 12:19:52 GMT 1, ....so a system that relies on instability to create profit is a good thing? A system that allows rumour to devalue a company and therefore cause hardship to those who then find themself out of work is positive? I just find market forces without any government intervention incredibly worrying - apart from to those benefitting from it...
I would certainly agree with you that certain parties have acted far too greedily and rocked a system that shouldn't have been rocked - take high street banks as an example. Worringly the people who sailed us into this mess (on the whole) are still in their jobs claiming to be the right people to get us out of it! 
....so a system that relies on instability to create profit is a good thing? A system that allows rumour to devalue a company and therefore cause hardship to those who then find themself out of work is positive? I just find market forces without any government intervention incredibly worrying - apart from to those benefitting from it... I would certainly agree with you that certain parties have acted far too greedily and rocked a system that shouldn't have been rocked - take high street banks as an example. Worringly the people who sailed us into this mess (on the whole) are still in their jobs claiming to be the right people to get us out of it! |
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dmandpenfold
Junior Member
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December 2006
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Any market players/traders on this board???, by dmandpenfold on Sept 18, 2008 12:32:41 GMT 1, good points both Carlito and funster, it is the big speculators and the banks, hedge funds etc who often have a major impact on our lives....take George Soros, who singlehandedly caused the collapse of the GBP on Black Wednesday whilst then chancellor Norman Lamont hopelessy piled billions in tax payers money in an impotent attempt to shore it up. On the other hand Soros has also donated about 6 billion in philanthropic work since, so some of the money gets redistributed back to those that may not have ever had any such help...it's not clear cut there's good and bad come out of it.
good points both Carlito and funster, it is the big speculators and the banks, hedge funds etc who often have a major impact on our lives....take George Soros, who singlehandedly caused the collapse of the GBP on Black Wednesday whilst then chancellor Norman Lamont hopelessy piled billions in tax payers money in an impotent attempt to shore it up. On the other hand Soros has also donated about 6 billion in philanthropic work since, so some of the money gets redistributed back to those that may not have ever had any such help...it's not clear cut there's good and bad come out of it.
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Any market players/traders on this board???, by carlito on Sept 18, 2008 12:35:13 GMT 1, ..as a system I'd have to say it's not for the 'greater good' even if some ppl get very rich and help others with it....believe me after living close to canary wharf for more years than i care to remember I see the sort of ppl it breeds....
..as a system I'd have to say it's not for the 'greater good' even if some ppl get very rich and help others with it....believe me after living close to canary wharf for more years than i care to remember I see the sort of ppl it breeds....
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Any market players/traders on this board???, by manty on Sept 18, 2008 12:47:41 GMT 1, Is this like gambling on the horses, but a little more middle classed?
Bought(Long) Dec GBP(BPZ8) @1.7375, and Sold(Short) the $Index 80.5.... Got out of the GBP trade @1.7850, and got out of the $Index trade @78.875 Locked in 475pips on the Sterling, and 175pips on the $Index.... ...Not bad, for a couple strategies that were only employed since the middle of last week. Next trade I'm lookin' at... Buy Crude if it hits $85/bbl!! ...I'm buyin'(Long) Dec Crude(CLZ8) @$87.5, with a stop-loss @83.5... With a target sell-limit @103.5. I'm shootin' for a $20k return on the Crude trade, per position. Also, Wheat is lookin' like a good buy, and Corn is almost there, too! Soybeans has a strong support level @10.50/bshl. If it dips down to this level, I'm buyin' the sh1t outta it! And, here's my mortal lock for this fall-winter seasonal trades... March Coffee(KCH9) is a commodity that always sees a rise during the colder season. So, if you buy it now, and sell it in Feb-March, it's an 85% favorite to be a winner. Likewise for Heating Oil(HO) and Natural Gas(NG). These 2 show a higher percentage. Being a winner the past 13/15 years. Happy Trading BIG MONEY, NO WHAMMIES!!! I have a degree in Economics, and didn't understand a word of that.
Is this like gambling on the horses, but a little more middle classed? Bought(Long) Dec GBP(BPZ8) @1.7375, and Sold(Short) the $Index 80.5.... Got out of the GBP trade @1.7850, and got out of the $Index trade @78.875 Locked in 475pips on the Sterling, and 175pips on the $Index.... ...Not bad, for a couple strategies that were only employed since the middle of last week. Next trade I'm lookin' at... Buy Crude if it hits $85/bbl!! ...I'm buyin'(Long) Dec Crude(CLZ8) @$87.5, with a stop-loss @83.5... With a target sell-limit @103.5. I'm shootin' for a $20k return on the Crude trade, per position. Also, Wheat is lookin' like a good buy, and Corn is almost there, too! Soybeans has a strong support level @10.50/bshl. If it dips down to this level, I'm buyin' the sh1t outta it! And, here's my mortal lock for this fall-winter seasonal trades... March Coffee(KCH9) is a commodity that always sees a rise during the colder season. So, if you buy it now, and sell it in Feb-March, it's an 85% favorite to be a winner. Likewise for Heating Oil(HO) and Natural Gas(NG). These 2 show a higher percentage. Being a winner the past 13/15 years. Happy Trading BIG MONEY, NO WHAMMIES!!! I have a degree in Economics, and didn't understand a word of that. |
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funster
Junior Member
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October 2006
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Any market players/traders on this board???, by funster on Sept 18, 2008 12:49:30 GMT 1, ..as a system I'd have to say it's not for the 'greater good' even if some ppl get very rich and help others with it....believe me after living close to canary wharf for more years than i care to remember I see the sort of ppl it breeds....
Mmm, but don't forget that such people are a fraction of the employees in such firms. I feel sorry for the secretaries, security staff, cleaners etc etc that all loose their jobs too when this sort of thing happens. It's no different from Enron a few years ago, people getting richer and richer, cockier and cockier and then bang. Game over.
An interesting thing to remember is that traders are no different to many people on the 'For Sale' section of this forum, trying to get more money for their prints etc based on a lack of supply and increased demand which has often come from hype.
..as a system I'd have to say it's not for the 'greater good' even if some ppl get very rich and help others with it....believe me after living close to canary wharf for more years than i care to remember I see the sort of ppl it breeds.... Mmm, but don't forget that such people are a fraction of the employees in such firms. I feel sorry for the secretaries, security staff, cleaners etc etc that all loose their jobs too when this sort of thing happens. It's no different from Enron a few years ago, people getting richer and richer, cockier and cockier and then bang. Game over. An interesting thing to remember is that traders are no different to many people on the 'For Sale' section of this forum, trying to get more money for their prints etc based on a lack of supply and increased demand which has often come from hype. |
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Any market players/traders on this board???, by carlito on Sept 18, 2008 13:03:26 GMT 1, of course I'm talking about the ppl profitting from uncertainity and other ppls misfortune...not those just trying to make a living like most of us...morally alot of what traders do is reprehensible to me..the difference between selling a print for a profit and buying/selling on a companies fortune / misfortune and influencing such luck is hugely disparate - but yes i can see the link and can see why those ppl are attracted to this arena EVEN if this was not supposed to be like that....
of course I'm talking about the ppl profitting from uncertainity and other ppls misfortune...not those just trying to make a living like most of us...morally alot of what traders do is reprehensible to me..the difference between selling a print for a profit and buying/selling on a companies fortune / misfortune and influencing such luck is hugely disparate - but yes i can see the link and can see why those ppl are attracted to this arena EVEN if this was not supposed to be like that....
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damullae
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October 2006
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Any market players/traders on this board???, by damullae on Sept 18, 2008 13:10:21 GMT 1, have to say, this is daft its clearly labled as an investment thread, if this aint ur thing, then simply move on, to say that BLS should move to an investment forum is stupid, this is ONE thread on a massive forum, there have been much more irrelevent threads than this started if enough people are interested then there is no reason why it shouldn't be allowed, if there arn't it will slowly move its way to the bottom of the pack, but by having an arguement it keeps on bumping it up It is clearly labelled as an investment thread. But this is a Banksy forum - not an investment forum. My problem is that it is filling up the 100 most recent post. ...and you say if people aren't interested it will drop off - well it won't because the tool that started the thread keeps updating us on the price of gold every two minutes and bumping it himself. 
and so do you, you nobber.... I might just go check out whats being said on the football forum.... (within the Banksy forum.... )
have to say, this is daft its clearly labled as an investment thread, if this aint ur thing, then simply move on, to say that BLS should move to an investment forum is stupid, this is ONE thread on a massive forum, there have been much more irrelevent threads than this started if enough people are interested then there is no reason why it shouldn't be allowed, if there arn't it will slowly move its way to the bottom of the pack, but by having an arguement it keeps on bumping it up It is clearly labelled as an investment thread. But this is a Banksy forum - not an investment forum. My problem is that it is filling up the 100 most recent post. ...and you say if people aren't interested it will drop off - well it won't because the tool that started the thread keeps updating us on the price of gold every two minutes and bumping it himself. and so do you, you nobber.... I might just go check out whats being said on the football forum.... (within the Banksy forum.... ) |
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damullae
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October 2006
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Any market players/traders on this board???, by damullae on Sept 18, 2008 13:21:26 GMT 1, stock markets (as opposed to "trading" within the market) form a very important part of the finanicial system. Its an opportunity for small companies to raise funds for development which would otherwise be difficult to do, an opportunity for capital raisings used for exploration of commodities which we all directly or indirectly rely upon, an opportunity to raise funds for development of important medical products etc.
Yes hedge funds and certain market players can attempt to destabilise individual companies/commodities and general conditions for personal gain, and there is strong arguement that this practise should be outlawed (even though they do have a place.)
BUT must remember why the market is there in the first place. to promote business and to give mum and dads an opportunity to invest in housenames like yahoo/shell etc etc
stock markets (as opposed to "trading" within the market) form a very important part of the finanicial system. Its an opportunity for small companies to raise funds for development which would otherwise be difficult to do, an opportunity for capital raisings used for exploration of commodities which we all directly or indirectly rely upon, an opportunity to raise funds for development of important medical products etc.
Yes hedge funds and certain market players can attempt to destabilise individual companies/commodities and general conditions for personal gain, and there is strong arguement that this practise should be outlawed (even though they do have a place.)
BUT must remember why the market is there in the first place. to promote business and to give mum and dads an opportunity to invest in housenames like yahoo/shell etc etc
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dmandpenfold
Junior Member
๐จ๏ธ 2,466
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December 2006
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Any market players/traders on this board???, by dmandpenfold on Sept 18, 2008 13:26:52 GMT 1, ..as a system I'd have to say it's not for the 'greater good' even if some ppl get very rich and help others with it....believe me after living close to canary wharf for more years than i care to remember I see the sort of ppl it breeds....
I agree carlo there are some obnoxious types but wealthy people aren't the only class that has its dickheads either, i guess if you put a lot of the same people in the same place then yes you will form a very generalised opinion of 'those types' like you will have living next to Canary Wharf, but hey every town has it's rough estate full of scum, that's a generalisation, clearly not everyone there is scum etc but there's a lot in one place so we tend to generalise.
Dont forget also the wealthy also spend money, if we didnt have mobile money in the economy and we were all the same the economy wouldn't be any stronger.
..as a system I'd have to say it's not for the 'greater good' even if some ppl get very rich and help others with it....believe me after living close to canary wharf for more years than i care to remember I see the sort of ppl it breeds.... I agree carlo there are some obnoxious types but wealthy people aren't the only class that has its dickheads either, i guess if you put a lot of the same people in the same place then yes you will form a very generalised opinion of 'those types' like you will have living next to Canary Wharf, but hey every town has it's rough estate full of scum, that's a generalisation, clearly not everyone there is scum etc but there's a lot in one place so we tend to generalise. Dont forget also the wealthy also spend money, if we didnt have mobile money in the economy and we were all the same the economy wouldn't be any stronger. |
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Any market players/traders on this board???, by carlito on Sept 18, 2008 13:33:06 GMT 1, of course you're right DM any how - I just find the whole area driven by greed and the mighty pound sign - and that's something I find hard ro resolve against the problems in this world....
getting off my high horse now 'cos I don't like heights
of course you're right DM any how - I just find the whole area driven by greed and the mighty pound sign - and that's something I find hard ro resolve against the problems in this world.... getting off my high horse now 'cos I don't like heights |
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dmandpenfold
Junior Member
๐จ๏ธ 2,466
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December 2006
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Any market players/traders on this board???, by dmandpenfold on Sept 18, 2008 13:37:10 GMT 1, getting off my high horse now 'cos I don't like heights
LOL,
just spotted this, is it a popularist soundbite to bolster the flagging ratings or will he actually do something about it, i remember the same promises a few months back when the FSA was sent in to investigate company devaluations due to rumours being spread by speculating spivs......nothing seems to have come of that..
LONDON (Reuters) - Prime Minister Gordon Brown said on Thursday there was a need to look at "irresponsible behaviour" in financial markets following the global crisis that has seen banks collapse.
"I think we've got to look at where there has been irresponsible behaviour and I've said for some time that we need reforms in the system," he said in remarks carried on TV networks.
"I believe there is now an audience that agrees with me that we should do more. We've got to clean up the financial system. We don't want these problems recurring in the future."
getting off my high horse now 'cos I don't like heights LOL, just spotted this, is it a popularist soundbite to bolster the flagging ratings or will he actually do something about it, i remember the same promises a few months back when the FSA was sent in to investigate company devaluations due to rumours being spread by speculating spivs......nothing seems to have come of that.. LONDON (Reuters) - Prime Minister Gordon Brown said on Thursday there was a need to look at "irresponsible behaviour" in financial markets following the global crisis that has seen banks collapse. "I think we've got to look at where there has been irresponsible behaviour and I've said for some time that we need reforms in the system," he said in remarks carried on TV networks. "I believe there is now an audience that agrees with me that we should do more. We've got to clean up the financial system. We don't want these problems recurring in the future." |
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Any market players/traders on this board???, by carlito on Sept 18, 2008 13:45:27 GMT 1, well seeing as the SDLT 'aid' was laughable I'm sure this will be equally pathetic....labour? socialist? social conscious? ..... our political system is almost as laughable as the americans.... where's my steps to get back on my horse?
well seeing as the SDLT 'aid' was laughable I'm sure this will be equally pathetic....labour? socialist? social conscious? ..... our political system is almost as laughable as the americans.... where's my steps to get back on my horse?
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dmandpenfold
Junior Member
๐จ๏ธ 2,466
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December 2006
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Any market players/traders on this board???, by dmandpenfold on Sept 18, 2008 14:50:22 GMT 1, yes but at least by law them there yanks can only vote their president in twice...they've got something right
yes but at least by law them there yanks can only vote their president in twice...they've got something right
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Any market players/traders on this board???, by bostonlongstroke on Sept 18, 2008 20:16:59 GMT 1, We've got a huge rally in the Indexes, going into the last hour of trading.
No more short selling on the London exchanges 'til Jan 16th. A rule just imposed today.
We've got a huge rally in the Indexes, going into the last hour of trading.
No more short selling on the London exchanges 'til Jan 16th. A rule just imposed today.
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Any market players/traders on this board???, by bostonlongstroke on Sept 19, 2008 7:42:27 GMT 1, Gold is down $40/oz in the night session!
Gold is down $40/oz in the night session!
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Any market players/traders on this board???, by stender on Sept 19, 2008 12:31:12 GMT 1, zzzzzzzzzzzz! if you mention stochastics or fibonacci im going to smash my monitor!
zzzzzzzzzzzz! if you mention stochastics or fibonacci im going to smash my monitor!
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pw
New Member
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October 2006
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Any market players/traders on this board???, by pw on Sept 19, 2008 13:06:59 GMT 1, zzzzzzzzzzzz! if you mention stochastics or fibonacci im going to smash my monitor!
LOL !! guess you're not a fan of technical analysis then. more of a fundamentals man maybe!
zzzzzzzzzzzz! if you mention stochastics or fibonacci im going to smash my monitor! LOL !! guess you're not a fan of technical analysis then. more of a fundamentals man maybe! |
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Any market players/traders on this board???, by bostonlongstroke on Sept 19, 2008 17:52:45 GMT 1, zzzzzzzzzzzz! if you mention stochastics or fibonacci im going to smash my monitor!
Would a mention of VIX, Moving Ave's, and RSI's trigger the same reaction? How 'bout Bollinger bands? The Elliot Wave theory has to be more palatable than Stochastics and Fib numbers, right?
zzzzzzzzzzzz! if you mention stochastics or fibonacci im going to smash my monitor! Would a mention of VIX, Moving Ave's, and RSI's trigger the same reaction? How 'bout Bollinger bands? The Elliot Wave theory has to be more palatable than Stochastics and Fib numbers, right? |
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Any market players/traders on this board???, by bostonlongstroke on Sept 19, 2008 17:55:20 GMT 1, I'm big on fundamentals, as well. Being a Futures trader, it's something that plays just as big a role, if not bigger, as any tech analysis. Especially when it comes to extreme weather in the grains or tropicals producing regions.
I'm big on fundamentals, as well. Being a Futures trader, it's something that plays just as big a role, if not bigger, as any tech analysis. Especially when it comes to extreme weather in the grains or tropicals producing regions.
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Any market players/traders on this board???, by bostonlongstroke on Sept 19, 2008 20:13:07 GMT 1, Well, Crude didn't dip down enough, the other day, to trigger my buy order. Which sux, cuz today it hit my target sell-limit area.
I should've bought that sh1t @$92.5/bbl.
DAMMIT!!!
Well, Crude didn't dip down enough, the other day, to trigger my buy order. Which sux, cuz today it hit my target sell-limit area.
I should've bought that sh1t @$92.5/bbl.
DAMMIT!!!
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Any market players/traders on this board???, by giiiant on Sept 19, 2008 20:30:01 GMT 1, why so much hate here but none in the bonhams/dreweatts threads
why so much hate here but none in the bonhams/dreweatts threads
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Richard
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Member is Online
September 2007
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Any market players/traders on this board???, by Richard on Sept 19, 2008 20:36:30 GMT 1, Well, Crude didn't dip down enough, the other day, to trigger my buy order. Which sux, cuz today it hit my target sell-limit area. I should've bought that sh1t @$92.5/bbl. DAMMIT!!!
Pitty. You might have made some money then left us for a bit. 
Well, Crude didn't dip down enough, the other day, to trigger my buy order. Which sux, cuz today it hit my target sell-limit area. I should've bought that sh1t @$92.5/bbl. DAMMIT!!! Pitty. You might have made some money then left us for a bit. |
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Any market players/traders on this board???, by master on Sept 19, 2008 21:27:18 GMT 1, Well, Crude didn't dip down enough, the other day, to trigger my buy order. Which sux, cuz today it hit my target sell-limit area. I should've bought that sh1t @$92.5/bbl. DAMMIT!!!
Well, Crude didn't dip down enough, the other day, to trigger my buy order. Which sux, cuz today it hit my target sell-limit area. I should've bought that sh1t @$92.5/bbl. DAMMIT!!! |
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brun
New Member
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December 2007
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Any market players/traders on this board???, by junkieart on Sept 19, 2008 22:48:13 GMT 1, I know my wage will be the same as it was last month...and so on (unless I decide to put it up :-))
Don't understand the stocks other than my parents pension is worth fuck all after 25 years of putting in.
IMO long term the Stocks are crap, other than ISAs which are a good tax duck.
But my best investment was buying a few signed B's 4/5 years ago for ยฃ100 around, now being worth from ยฃ10,000 to ยฃ20,000.
However if you work in that sector good luck, as we all need to feed ourselves.
I know my wage will be the same as it was last month...and so on (unless I decide to put it up :-))
Don't understand the stocks other than my parents pension is worth fuck all after 25 years of putting in.
IMO long term the Stocks are crap, other than ISAs which are a good tax duck.
But my best investment was buying a few signed B's 4/5 years ago for ยฃ100 around, now being worth from ยฃ10,000 to ยฃ20,000.
However if you work in that sector good luck, as we all need to feed ourselves.
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Any market players/traders on this board???, by bostonlongstroke on Sept 19, 2008 23:16:19 GMT 1, Junkie,
Tell your parents not to worry too much. Pensions funds are thousands of customer segregated accounts within 1 big omnibus account. The omnibus account holds all the equity, which is usually a lot of cabbage.
Because there's so much money in them, they typically rebound and recover fairly quickly. How well, and how quickly it recovers is predicated on how talented and effective the account managers are.
Peaks and valleys, my friend... Peaks and valleys.
Junkie,
Tell your parents not to worry too much. Pensions funds are thousands of customer segregated accounts within 1 big omnibus account. The omnibus account holds all the equity, which is usually a lot of cabbage.
Because there's so much money in them, they typically rebound and recover fairly quickly. How well, and how quickly it recovers is predicated on how talented and effective the account managers are.
Peaks and valleys, my friend... Peaks and valleys.
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