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Old 09-05-2006, 01:56 AM
Scorpion Man Scorpion Man is offline
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Join Date: Dec 2004
Location: Bay Area, CA
Posts: 615
Default Re: It\'s time for poker players to start putting their money to work.

Red...oh i KNEW i would get flamed for that 20 year old comment..but i am happy it was at least well thought out.

I commend you for taking this seriously. I still have to tell you, though, that I stand by my earlier assertion. Do you even know WHY you are using these screens? beta between 0.9 and 1.1...for god's sake why? Low debt? Again, why is that a positive thing? Good projected revenues? Do you understand where those projections come from? How they are arrived at? 80% of the call of a stock is getting that number RIGHT and you have it as black box input...this is my point...you can't add much value this way. In many ways I would argue what you are doing is counterproductive...you are using backward looking indicators to project future performance. All that stuff is already in the price of the stock...making money in the market is all about second derivative change (do you understand why?).


I can't even being to respond to stuff like "estimated price apprecation >15%".

Stop losses suck. I mean, really really suck.

Anyways, i probably sound like a dick here. it's just a little frustrating because i don't think most people understand just how far behind the professional investors they are...and most of the professionals suck, too. hedgeyerbets is right.

It is very difficult to outperform consistently in the market. That's why people who can do it are worth 8-11 figures.

I think you have a good future...you are diligent and take this stuff really seriously and that is terrific. You just have to remember that you have a ton to learn...when I look back on my first hedge fund job out of business school now, when i had a TON more experience than you have now...i was totally, utterly clueless even then.
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