90% Of You That Started Trading Last Year Or This Year WILL FAIL! These Are Facts! Not My Opinion!
August 12, 2008
[2008.08.12 07:14:01] JoshuaHayes: they need to leave
[2008.08.12 07:14:05] JoshuaHayes: they need to quit trading
[2008.08.12 07:14:08] JoshuaHayes: to be so f’g stupid
[2008.08.12 07:14:10] JoshuaHayes: to see that the market
[2008.08.12 07:14:13] JoshuaHayes: has moved NOWHEER
[2008.08.12 07:14:15] JoshuaHayes: since january
[2008.08.12 07:14:18] JoshuaHayes: there is NO TREND
[2008.08.12 07:14:20] JoshuaHayes: over 10%
[2008.08.12 07:14:22] JoshuaHayes: up or down
[2008.08.12 07:14:24] JoshuaHayes: i did give you
[2008.08.12 07:14:25] JoshuaHayes: DGLY
[2008.08.12 07:14:26] JoshuaHayes: and PDO
[2008.08.12 07:14:29] JoshuaHayes: PDO was clear!!!!!!
[2008.08.12 07:14:34] JoshuaHayes: and if you do a search right now
[2008.08.12 07:14:37] JoshuaHayes: and look in 2003
[2008.08.12 07:14:43] JoshuaHayes: there were over 1000 stocks up over 100%
[2008.08.12 07:14:48] JoshuaHayes: by 2006 there were only 400
[2008.08.12 07:14:52] JoshuaHayes: this year there isnt even 20
[2008.08.12 07:14:55] JoshuaHayes: so use your brain
[2008.08.12 07:14:59] JoshuaHayes: NOBODY is marking money
[2008.08.12 07:15:06] JoshuaHayes: i mean cant ppl see that every mutual fund is losing money
[2008.08.12 07:15:08] JoshuaHayes: i think most new traders
[2008.08.12 07:15:11] JoshuaHayes: are idiots
[2008.08.12 07:15:14] JoshuaHayes: they have no clue about history
[2008.08.12 07:15:17] JoshuaHayes: and dont get that
[2008.08.12 07:15:19] JoshuaHayes: in a CRAP MARKET
[2008.08.12 07:15:23] JoshuaHayes: you GET CRAP RETURNS
[2008.08.12 07:15:25] JoshuaHayes: CRAP MARKETS
[2008.08.12 07:15:27] JoshuaHayes: go nowhere
[2008.08.12 07:15:30] JoshuaHayes: this is not and up or down
[2008.08.12 07:15:35] JoshuaHayes: i have my past results
[2008.08.12 07:15:38] JoshuaHayes: NO ONE SHOULD ARGUE with me
[2008.08.12 07:15:44] JoshuaHayes: or think “i suck now”
[2008.08.12 07:15:52] JoshuaHayes: you would be a MASSIVE IDIOT
[2008.08.12 07:15:59] JoshuaHayes: to think that i have “lost” my touch
[2008.08.12 07:16:03] JoshuaHayes: the next big bull
[2008.08.12 07:16:06] JoshuaHayes: that most traders
[2008.08.12 07:16:07] JoshuaHayes: 90%
[2008.08.12 07:16:09] JoshuaHayes: will not be a part of
[2008.08.12 07:16:13] mghens: anyone that reads your suggested list cannot and would not think that
[2008.08.12 07:16:14] JoshuaHayes: they can come back
[2008.08.12 07:16:17] JoshuaHayes: and see the AMAZING
[2008.08.12 07:16:21] JoshuaHayes: growth stocks like APII could be
[2008.08.12 07:16:26] JoshuaHayes: right
[2008.08.12 07:16:27] JoshuaHayes: but theer is
[2008.08.12 07:16:37] JoshuaHayes: everyone needs to just stop trading
[2008.08.12 07:16:43] JoshuaHayes: if they do this to STJ and AMED
[2008.08.12 07:16:52] JoshuaHayes: why is anyone long??????????
[2008.08.12 07:16:57] JoshuaHayes: 85% cash myself
[2008.08.12 07:17:01] JoshuaHayes: 50 small longs
[2008.08.12 07:17:05] JoshuaHayes: NONE are HOT!!~!!!!!!
[2008.08.12 07:17:08] JoshuaHayes: NONE NOEN NONE
[2008.08.12 07:17:10] JoshuaHayes: APII EMIS USAK
[2008.08.12 07:17:22] JoshuaHayes: are the only three stocks that look like they are goign to setup in the right bull market patterns
[2008.08.12 07:17:24] JoshuaHayes: with the green BOP
[2008.08.12 07:17:30] JoshuaHayes: and they are months to maybe a year early
[2008.08.12 07:17:34] JoshuaHayes: it takes a lon gtiem
[2008.08.12 07:17:37] JoshuaHayes: where was everyone in
[2008.08.12 07:17:38] JoshuaHayes: 2003
[2008.08.12 07:17:39] JoshuaHayes: ?
[2008.08.12 07:17:41] JoshuaHayes: 2004?
[2008.08.12 07:17:43] JoshuaHayes: 2005?
[2008.08.12 07:17:45] JoshuaHayes: 2006?
[2008.08.12 07:17:50] JoshuaHayes: they shyow up at the top in 2007 of course
[2008.08.12 07:17:52] JoshuaHayes: 
[2008.08.12 07:17:54] JoshuaHayes: LIKE ALWYS
[2008.08.12 07:17:59] JoshuaHayes: where was everyone in 21996?
[2008.08.12 07:18:01] JoshuaHayes: 1996?
[2008.08.12 07:18:03] JoshuaHayes: 1997?
[2008.08.12 07:18:04] JoshuaHayes: 1998?
[2008.08.12 07:18:08] JoshuaHayes: 1999?
[2008.08.12 07:18:11] JoshuaHayes: then in 2000 THEY SHOW UP
[2008.08.12 07:18:15] JoshuaHayes: EVERYHWERE right at the top
[2008.08.12 07:18:19] JoshuaHayes: HISTORY NEVER STOPS REPEATING
Those that are not patient will fail in this market. This market will make the newbie go insane. I suggest you get to my book list and start reading everything about Jesse Livermore, everything Boik wrote, and read the How To Make Money in Stocks by O’Neil. Only then will some of you get it. This market has only one goal: to knock out the newbies who JUST entered the market.
Comments
4 Comments »
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ps- someone one the bigwave mentioned the book Hedgehogging by Barton Biggs……i’m half way thru it and i recommend it….it will give people a perspective(especially new investors) how many smart professionals are out there trying to get alpha in their portfolio and beat the market…the market isnt easy so dont try to outsmart it or as you can see from many examples in the book that people can get squashed…so if the smart money with isnt fighting the trend why would a new, less experienced with less info try to outtrade/outsmart it ?
Hi Joshua,
You seem to spend 80% of your writings trash talking newbies and other traders. I think you’d do yourself and all your subscribers (including potential ones) a great service by ignoring these people and focusing on what you do best.
I’m a new subscriber and I appreciate your market perspective because I found a lot of parallels in the way I arrived at my investment philosophy and the way you did. I subscribed because you arrived there long before I did so I believe I can benefit from your experience.
But your writing style is way too amateurish for a trader with your accomplishments. I’m around your age too, so I can appreciate trash-talking as much as the next man, but you need to take it easy and forget about newbies and others and just stay focused and writing about what you believe, not trashing what other’s believe.
No one subscribes here to hear about what newbies are thinking. You’re in your own league – it’s high time you recognized it and started writing as such.
Cheers,
Ben
Bravo, Ben. I am not yet a subscriber, but seriously considering becoming one because I share Joshua’s appreciation of IBD. The naive-newbie discussion makes me hesitate because, as you say, it’s overdone. So let me add my voice to Ben’s and plead with Joshua to provide more analytical postings.
Sincere thanks for what you do,
Kevin
I disagree. Joshua does not trash talk newbies and other traders in a vacuum. This is part of Joshua’s de-tox program from people who think they know how to invest from years of listening to people like Cramer and Forbes and watching CNBC. INVESTING IS HARD- and unless you realize that it is too easy to make mistakes, you’ll never get anywhere.
Be a smart person and subscribe and sit down in the chat room/forums and take a gut check and just LISTEN, because you will learn more from 2 months being a member at BigWave with people like Joshua, MarketSpec, Orkiter, Tom, etc., than you will in 10 years of typical investing. I know that I have.
This is not a place like CAPS where opinions are weighted equally. Those with experience who can read charts and consistently find winning stocks should get the podium, and everyone else should be thankful to be present.
Joshua’s diction or lightness of prose is completely irrelevant to the task at hand: making you a better trader. What matters is that Joshua takes the time EVERY DAY to be in the chat room, post on the forums, and share his experience with every member. His message to those who listen is loud and clear- regardless of if he spells correctly or uses too many caps.
I have seen dozens of traders and sites and magazines and television programs purporting to be the gospel. And I have NEVER seen results like Joshua’s. That is ALL that matters. He tells it like it is. That is part of what makes his advice and method so great. If it offends your sensitivities, maybe you should try a new profession, because investing is HARD. I know that I’ll have a much better shot at succeeding, like I have been with BigWave, by listening to someone who knows as much as Joshua.
(Thanks for everything, Joshua)
mjjacobs