>I just wait until there is money lying in


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>I just wait until there is money lying in
the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.

-Jim Rogers, MARKET WIZARDS

What did he mean by this?

  1. 1 week ago
    Anonymous

    He means he's another one of these elite parasites born into wealth and privilege and can't understand why we commoners don't have people constantly throwing money at us.

  2. 1 week ago
    Anonymous

    He trades only when he has very high confidence that an asset is mispriced.

  3. 1 week ago
    Anonymous

    Hes a boomer homosexual who put money into a mutual fund that went up for 40 years continuously. These boomer fucks who look down on people for not living in the most easy money environment the world has ever seen should be euthanized. The cunt had the audacity to even write a book and call himself a market wizard. What a fucking cunt. He will soon be in a nursing home getting neglected by naggers

    • 1 week ago
      Anonymous

      >The cunt had the audacity to even write a book and call himself a market wizard

      t. Hasn't read the book and doesn't know who wrote it.

      Plebs who haven't read the five Market Wizards books have no idea how life works. There are also people here who haven't read Reminiscences, or Wycoff's stuff from the 20's, or Alchemy of Finance, or really anything other than biz.

      Sad.

      • 1 week ago
        Anonymous

        >alchemy of finance
        Everyone says it’s shit.
        I’m currently reading When Genius Fails per Shkreli saying it’s required reading to work for him. It’s good and I can see why he recommends it. Spoiler alert, a bunch of incredibly smart guys make a ton of money using massive leverage and then fuck everything up

      • 1 week ago
        Anonymous

        >Plebs who haven't read the five Market Wizards books have no idea how life works

        books are for plebs I can find out the important parts of information in "books" in a week. while you have to read 5 books which maybe takes a year. a book of 1000 pages where only a good 20 have all the info condensed. , you paid a fucking book israelite in the internet age, LMAO

      • 1 week ago
        Anonymous

        Can you list the specific books if you don’t mine for me please.

      • 1 week ago
        Anonymous

        /thread
        Gotta say though most of the cunts in this and the second book were fat bond trader types who took advantage of the biggest long term unregulated bull market ever.

        Cant remember who but that mad lad with terminals in the toilet was one, and the only other i could relate to was the currency trader.
        Times are different how though, market is full of 'PhDs' who supposedly know markets.
        Usually the first to blow up their book.

        Showing my age here.

        • 1 week ago
          Anonymous

          I got curious after reading about the different traders talking about their trend following system. So I was bored and went back through the Dow Jones during the 60s-80s, and it was just trending not stop. No whipsaw at all. I could see how a simple moving average cross over couldnt been a game changer back then.

          • 1 week ago
            Anonymous

            >couldnt
            * could've

        • 1 week ago
          Anonymous

          >markets of full of PHDs now and they’re usually the first to blow up
          Go read about Long Term Capital Management

    • 1 week ago
      Anonymous

      I can't wait for the sequel, wheelchair wizard.
      >I just wait until there is a need to take a huge shit and no-one is looking, and all I have to do is go over to the corner and slip it out. I do nothing in the meantime.

    • 1 week ago
      Anonymous

      >published in 1989
      kek this. yet another boomer worship "BACK IN MY DAY..." memoir where some retarded homosexual made $10 million by doing something that is non applicable, non competitive, or illegal in today's environment. also 80% of the stories will be fake, and of the remaining 20%, 99% of them will be told by israelites who actually used an insider tip that they overheard at synagogue (but they'll create an elaborate lie to cover this up, as best they can.)

      • 1 week ago
        Anonymous

        What's your net worth?

        • 1 week ago
          Anonymous

          $11.34 million with the bulk of it being an inheritance. what's yours, thick dick?

      • 1 week ago
        Anonymous

        Retarded take.
        I have a book about stock market trading that was written in 1930 and it’s all still relevant today.
        Market psychology, S/R levels, candlesticks. None of that shit changed.
        Stick to Alex Becker and tiktok gurus

  4. 1 week ago
    Anonymous

    He’s saying when a trade is so obviously overbought or undersold he just shorts it or buys it and that’s it.
    He’s saying he doesn’t have to trade 40x a day on the 5m chart he can just trade when the price comes to him.
    It’s more of a warren buffet approach, just hanging out and doing your thing instead of dreaming the fuck out over every 1-10% move like LULZ does

  5. 1 week ago
    Anonymous

    I was blown away how retarded all this was in the 80s. Huge information asymetry and retards making a lot of money doing nothing special

  6. 1 week ago
    Anonymous

    he waits until he has an absolute sure bet on an undersold/overbought stock. only makes like 5 trades per year. doesnt want to spend all day/week monitoring a line on a screen.

  7. 1 week ago
    Anonymous

    It's called the sniper strategy. You sit there watch and wait, you only pull the trigger when you 100% sure you will score a hit.

  8. 1 week ago
    Anonymous

    Don't sperg out and make 10 trades in 5 minutes.

  9. 1 week ago
    Anonymous

    Anyone have a decent list of books recommended by Shkrelli?

  10. 1 week ago
    Anonymous

    >not including anything by WD Gann

    It's like you guys don't want to make it.

    • 1 week ago
      Anonymous

      I don't mean any of his esoteric stuff, but his early works where he talks about buying and selling value and phases of accumulation and distribution.

      • 1 week ago
        Anonymous

        Be sure and read the esoteric stuff too…

        • 1 week ago
          Anonymous

          I am halfway through this book and it’s appalling. When does it get good? There was one chapter worth reading and that was basically it. I’m going to finish it, but still, felt like 90% an absolute waste of time so far.

          • 1 week ago
            Anonymous

            The whole thing is solid gold from beginning to end. Understand that enormous amounts of secret trading rules are encoded into this work. All the dialog that seems unnatural and the relentless constant dates, times, flashbacks, etc. It’s all there for a reason. If you’re just reading it as a novel it might not seem particularly interesting, but all of Gann’s real secrets to beating the market are to be found inside. Follow the instructions in the forward and read the whole book cover to cover 3 times for starters.

  11. 1 week ago
    Anonymous

    Buy the dip. Get a well paying job, but live like a pauper. Then, buy the dip. Buy amazon where it is now at -46%? Next time it hits ATH, you've made +95%, and now your $50k is $147k. And then, ride the bull market up, sell on daily or weekly trend break, plus keep setting some cash aside, and buy the dip again. Do this a few times, and after the compound, you're rich.

    If you know to draw literally two lines, an uptrend diagonal and downtrend diagonal, you 100% can time a HTF trend change, too, and know when to buy the dip and sell the top. LULZ is just poor because they don't actually trade. They just buy scams and pray.

    • 1 week ago
      Anonymous

      Oh, and by the way, I literally did this, from 2018 onwards, at which time I was only making $12k a year working minimum wage jobs. Sick of being poor, I spent 9-12 hours a day studying web development, got a shitty web dev job (still paying $81k) five months later, then quit for a better dev job 14 months after that, and am making $123k income there now. I still live cheap as shit, and saved 71% of my income last year too.

      I also sold half of my stock holdings ($25k) right at the top, when the trend broke, in December 2021. Since then, I haven't put anything into stocks, and it's just all been going into money market, waiting to buy the dip. When the downtrend line breaks up, and the break holds, I'll do the exact same thing I did at the top, and buy the dip, except now I have $67k waiting for that dip buy, as I kept living cheap and stacking for the dip, on top of that $25k I sold.

      Anon is too doomer and self defeatist to ever do this, though. Thus, stay poor.

    • 1 week ago
      Anonymous

      Explain how the market isn't a ponzi scheme. And why would you buy any stocks when the FED is tightening. If they start QE again, inflation will run rampant and there will be civil unrest when people can't afford food. I'm a realist and you are a retard.

      • 1 week ago
        Anonymous

        The Dow started trading in 1885. And since then, every generation has been the last generation, from the great depression, to the cold war, to the anti-nuclear movement, every generation has been the final one. It hasn't happened yet, though, and we're 138 years full of doomers. So go ahead, cower in fear and miss out. Or, zoom out, and look at 138 years of almost straight uptrend, on the long timeframe.

        • 1 week ago
          Anonymous

          I've seen the chart and it looks like the biggest bull trap of all time. The only reason we kept going up was because of the FED printing insane amounts of money so prop the market up. They have done this for too long and the game is about to come to an end. 2008, 2018, 2020 (during covid). The only reason the markets keep going up is QE. When QE stops the game stops. You are doomed. You cannot evaluate macroeconomics. TA is also dumb go fuck yourself

          • 1 week ago
            Anonymous

            Are they not doing QE still now? Are we not raising the debt ceiling yet again? You really think this absolute peak capitalism, the highest the stock market will ever be? I disagree. We won't be done with this until we've sucked every bit of blood left on this earth dry, and there is still plenty to be consumed. You're just going to miss out on the feast, even if we are coming up to the final courses.

            • 1 week ago
              Anonymous

              I've seen the chart and it looks like the biggest bull trap of all time. The only reason we kept going up was because of the FED printing insane amounts of money so prop the market up. They have done this for too long and the game is about to come to an end. 2008, 2018, 2020 (during covid). The only reason the markets keep going up is QE. When QE stops the game stops. You are doomed. You cannot evaluate macroeconomics. TA is also dumb go fuck yourself

              Oh, and if you're not the one drinking the blood, you're the one having it sucked from you. I. Drink. Your. Milkshake.

            • 1 week ago
              Anonymous

              Yep that's why all the FED members sold their stock at the peak and bared themselves from trading. Ever since the FED existed they have traded using inside information and now suddenly it's a conflict of interest. I'm invested in different things that I know are solid. You will see when it happens. I will be fine, you will not be.

              • 1 week ago
                Anonymous

                You're contradicting yourself. On the one hand, you're saying the economy is going to become so bad, America is about to experience wide scale food riots from mass starvation. On the other hand, you're saying this is not problem, as long as you are invested in "different things" that are "solid." No way. If things get that bad, all markets will suffer tremendously.

              • 1 week ago
                Anonymous

                You don't understand the markets at all. Read all the books you want. They will never tell you the secret. And neither will I. You fail to comprehend many things. But uh good luck I guess, you will need it. Have fun drowning in red, while I bask on a green cloud away from all of you idiots.

      • 1 week ago
        Anonymous

        Also, what if I'm wrong? If I'm wrong, I spent the last 4 years studying and working in tech, in order to make it, but then, in the end, just lose a lot of money. If I'm right, though, I make it.

        And then how about you? You presumably spent the last 4 years living in doomer hatred. You didn't put in the work to build capital to buy the dip, and you think it's a ponzi, so you wouldn't anyways. So, if the market crashes, you don't make it, and spent 4 years being a doomer. And if the market runs (as it will), you also won't make it spent the last 4 years as a doomer.

        So, I have a chance at least. You didn't even give yourself that.

  12. 1 week ago
    Anonymous

    The whole market is a ponzi scheme. That's the secret they won't tell you. Good luck buying the dip. In reality you will end up catching a falling knife since this whole house of cards is about to collapse.

    • 1 week ago
      Anonymous

      Holy shit. You all are absolute idiots.

      No, you're just a defeatist cuck. You the epitomy of a cuck. You've convinced yourself it is literally impossible to ever suceed, even though people, young and old, from all starting places, are constantly out there doing it. You just don't put in the effort to do so because you believe it's impossible because you're a hopeless warped cuck.

      • 1 week ago
        Anonymous

        Interesting.

  13. 1 week ago
    Anonymous

    Holy shit. You all are absolute idiots.

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