grimkhor

grimkhor t1_jecfmnr wrote

I don't see any problem with that. You complained about that people here call each other "regarded". You calling me as a user of the sub an 1diots, an 1ncel, a rac1st and an anti-semite is honestly extremely hateful. I don't know what post you're talking about. I usually check out "new" and there was nothing today. There's also nothing in the "hot" post so I have no clue what you're talking about.

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grimkhor t1_jece2c7 wrote

You used plenty of swear words yourself. A bit hypocritical don't you think? Never heard anything you mention besides "regarded". There's plenty of people here that have no clue what they're doing. There's ton of new people constantly visiting this site that ask for advice and get called a dummy, told to never come back and send to r/investing btw. There's a good part of people here that manage funds, work in finance or are otherwise very smart about investing. You're very close minded actually building such a strong opinion on things that could be classified as rumors. Don't you have in every random group in life a bell curve distribution of people? And why would you not rather tell these people how to do it better than insulting them?

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grimkhor t1_jecb94x wrote

I don't have such authority. Please mail the mods if that's your wish. You're a very unpleasant and rude person so it could be appropriate to do other things that improve your mood than trying to insult random people here and try to make their life worse. Drinking tea or meditation is recommended. img

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grimkhor t1_je6q8d7 wrote

It is actually quite relevant for a few things in my opinion besides housing but this is just my personal opinion from now on. Houses are usually acquired with mortgages so a rise in pending sales means not only are houses still sold but liquidity is not drying up from banks for home loans. This might be an early sign that the bank issues are actually not the end of the world. It was also a huge discrepancy on top.

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grimkhor t1_jdyweu0 wrote

>As described by Zuckerman, Medallion’s strategy involved constantly opening and covering thousands of short-term positions, both long and short. According to Robert Mercer, one of Medallion’s key investment managers, Medallion was right on only about 50.75% of its trades. Nonetheless, he stated that taken over millions of trades that percentage allowed the firm to make billions. It is worth noting that engaging in millions of trades suggests that the transaction costs would be significant. The fact that the reported gross returns are after trading costs, makes Medallion’s performance even more extraordinary. It also implies that Renaissance was apparently particularly effective in minimizing such costs.

If you can actually reliable make 50.75% of your trades successful all it takes is making enough trades and reducing costs. The moral of the story is anyone who talks about a 50.80%+ success rate is lying to you. I would go even further and even say the ones talking about a 50%+ success rate are probably lying.

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grimkhor t1_jdyqsla wrote

So let's put it like that. The most successful trading company ever lead by Jim Simons and a bunch of actually very very smart people could produce a reliable 50.75% win rate and made insane returns with that. Everyone else is extremely likely way worse. Don't ever think it's anything but a casino if you're trading.

Your best bet is actually finding some arbitrage opportunity in a niche which are the only "traders" that are actually successful and pray it never goes away.

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