Senior Thesis Survey
Q: Making up in quantity of trades what you lack in quality and finesse? I went through the numerous trades thingy when I was 17-21, at which stage my portfolio turnover was thousands of times per year (razor thin margins along with blatantly excessive trading). Nowadays I work for quality of trades, strictly for cash, and relevance to my own bottom line, with a portfolio turnover running pretty consistently around 37% per year. I have found patience a much more valuable tool than continuous presence in the markets.
A:
1. Take quantative methods again if you actually think their is a neutral
question
2. A digital pipe to 'net trading is more reliable than any phone automated
stuffs. And if your a real man(don't bother debunking me) you have a T-1
piped to your desktop...what that translates to is 10 of my trades to 1 of
yours. Do you use 8-track by ch
3. Fine, your older...your also one more day closer to death (assuming
everything is constant, i.e. I don't decide to take a swim in Lake Michigan
in December). Experience counts for nothing when you trade. Probablity
says you've already worn out your chances of winning.
Some questions are less neutral than others. Political survey designers
generally use questions that can't help but prove what they want to prove.
Students writing senior thesis's are well advised to be as neutral as possible
so as to actually learn something. Plenty of time later to design surveys
which are intentionally distorted to prove whatever they intend.
Neither by chance nor in fact. QIC-3020. Not good but tolerable until
something better, not dependent on dysfunctional GUImess operating systems,
becomes available in the market place. I'm in a situation quite similar to
the millions of Americans who put off buying new cars until the Germans and
Japanese and Swedes displaced the tail-finned gas-guzzling atrocities being
churned out by feather-bedded American loafers in accordance with the planned
obsolescence theory indicated by their intentionally misdesigned surveys of
"what consumers wanted". That was in not quite 1960. This is in not quite
2000. The underlying dissatisfactions are nearly identical.
From what I've heard, the members of the Polar Bear Club have an average
life span quite significantly above average. But then, they train for their
annual outing, have experience dealing with the effects of the physiological
and psychological shocks, i.e., they know what they're doing and benefit
from it, regardless of the fact that I wouldn't care to join them.
A believer in beginner's luck? Wow! The real surprise to me, though, is
that anybody with a T1 and all that hoopla could be so new at trading and
so young as to recite the children's classic dictum "experience counts for
nothing" in any activity whatever.