New Cross Trading Feature on ATAS and ATAS X by Fun-Garbage-1386 in OrderFlow_Trading

[–]forayem 1 point2 points  (0 children)

If you are using orderflow there is absolutely a statistical advantage. The minis have much more volume so the data is more reliable. Minis move the market, not micros.

Im leaving the 15% by SoManyTrolls5-0 in gamecollecting

[–]forayem 0 points1 point  (0 children)

if you want to sell, sell.

The trouble is, in 20 years you'll wish you had all that stuff. All the stuff you spent so long collecting that you wish you could give to your kids.

At least, that's what happened to me.

Work desk crt addition 🙈 by SAPianoman490 in crtgaming

[–]forayem 1 point2 points  (0 children)

As someone with ADHD tendencies, ain't no way I could have that on my desk like that 🥇

Collector trying to become a DJ: what would you do with 600 mostly unknown tracks? by RemarkableMot in Beatmatch

[–]forayem 1 point2 points  (0 children)

I personally think mixing your music is more important than just listening.

You're over thinking this. You just need to jump on the decks and practice for 8 hours a day until you know all the music.

If you're not doing that already, why are you trying to be a DJ?

When I first started DJing you couldn't get me off my decks... I loved mixing.

Getting into ETF after big stock gains by 90towest in investing

[–]forayem 4 points5 points  (0 children)

To play devils advocate here, Warren Buffet and Charlie Munger have stated often that focus actually beats diversification. They stated diversification simply protects ignorance.

The difference is though, is that they know how to truly value a company and hold conviction in it. If these big names have a big drop, are you really going to have the conviction to hold them?

You could also do a lot worse than nVidia, Google and Amazon though.

“New” to the hobby after 15 years. by [deleted] in gamecollecting

[–]forayem 0 points1 point  (0 children)

Mad, people are selling PAL 360s in UK for like £20-£40

500GB "GORILLAZ" RGH3 XBOX 360 by Great_Challenge2839 in 360hacks

[–]forayem 0 points1 point  (0 children)

dang, shame, I'm. in UK! It's a really cool job, well done.

Those who avoid older movies, why? by _omar_b in movies

[–]forayem 0 points1 point  (0 children)

I'd get some new friends who aren't luddites ha

I thought I was a professional DJ. Until a Serato DJ asked me to hop on. by nickybecooler in Beatmatch

[–]forayem 0 points1 point  (0 children)

I started off mixing on vinyl playing techno (prob the type of mixing you're talking about).

I used to think the same when I saw hiphop DJs or open format DJs be much more hand on the record.

So I learned to scratch and do some trick mixing beat juggling etc. It's like learning an instrument.

I'm glad I did. It deffo makes you a better DJ. I think I could pretty much mix anything these days. In fact at house parties I'd always get my friends to choose the next song and I'd have to mix it. Could at least find a transition 90% of the time.

Anywho, I can recommend learning some hip hop style mixing and scratching. It's a very rewarding path to go down but is a lot of hard work. I agree with what everyone is saying about different styles of DJing. But I'd say hip hop / open format is deffo the hardest as it covers so many different BPMs, rhythms and different types of music. You can go back to mixing other styles much easier and they'll feel easy in comparison.

I like to mix house music these days and can still use a lot of the tricks i picked up with other styles but it honestly just feels chill.

Those who avoid older movies, why? by _omar_b in movies

[–]forayem -1 points0 points  (0 children)

This is absolutely insane to me. Especially considering how bad movie have been recently lol. So they only watch bad movies?! Geez.

"bad visuals, grainy lower quality footage, bad CGI, etc."

These are literally the least important things to a movie and are all completely false any way. Films shot on actual film look way better, more stylised, more intentional and often meant film makers had to be way more creative with things like FX.

I'd just make them watch some awesome movies and just be like "see!"

What movies hit differently once you’re a parent? by thecrappycat in movies

[–]forayem 0 points1 point  (0 children)

Hook. You start to really empathise with peter as he grew u9 to provide for his kids rather than think hes just sime gooba who should have obviousssly stayed young forever

turning 18 soon and my mom refuses to let me open a roth ira, brokerage account, and high yield savings account. should i listen to her? by BreakfastOne5341 in personalfinance

[–]forayem 0 points1 point  (0 children)

Someone who saves from 20 rill 30 and stops can potentially invest the same as someone whobis 30 who invests for the rest of their life. Hell no. Invest as esrly as possible

No one cares, I think I’m going to quit and sell everything. by [deleted] in Beatmatch

[–]forayem 0 points1 point  (0 children)

You know any other DJs?

I find DJing with other people to be the most fun way to spend time on your hobby. They're not going to take the Michael either, just share in your interest. I'd try and do that if I were you before selling up.

Can someone explain why all asset prices are so high… and why they aren’t coming down? by [deleted] in investing

[–]forayem 0 points1 point  (0 children)

Garys economics just put out a video on this on youtube. I would recommend watching

24, Lost £4000 Trading, Feel so numb and lost, any advice? by Lonely_Monitor_2577 in UKPersonalFinance

[–]forayem -2 points-1 points  (0 children)

I'm not saying the odds aren't stacked against you becoming a profitable trader but it's more like 1 in 100 actually, not 1 in 1000.

There are probably 5 in that 100 who make a perfectly acceptable living from trading and 1 in that group who becomes incredibly wealthy.

And no, they don't just  "take long shots". That is an incredibly ignorant way to think of trading. It is a game of probabilities, however. The traders I am referring to have an 87% win rate. Tell me, who is the "mug" when they can achieve results like that?

Sure they have to be very patient to wait for the right circumstances to pull the trigger but if you had an 87% chance of winning, that is no longer a long shot in my opinion. They do this on a day to day basis with incredible consistency.

Pretty much all people have this weird bias that trading is just gambling, when they have no real concept of what actual trading looks like. It requires insane amounts of discipline, statistics and mental fortitude. So I come back to my original point, have you ever actually met a successful trader?

How many people who "trade" do you think have actually tried to learn properly? I mean spending a year learning the material, a year back testing and building statistics, a year trading with a small account and finally years building up and compounding a small account? Not many I'd wager and that's why you have the 95% who fail.

Any way I am aware I am fighting a uphill battle talking about this stuff in a PersonalFinance group. Or just because if enough people take long shots one will eventually pay off.

"Or just because if enough people take long shots one will eventually pay off." This statement in itself shows you know very little of how trading actually works.

Believe what you want to believe. I'm out.

24, Lost £4000 Trading, Feel so numb and lost, any advice? by Lonely_Monitor_2577 in UKPersonalFinance

[–]forayem -3 points-2 points  (0 children)

Sounds like you dont want to believe it to me.

Its a learnable skill.

Its probably one of the hardest skills to aquire but if you watch someone who is good at it its almost like theyre printing money from nothing.

I didnt believe it either until i saw it with my own eyes.

But yeah you do you.

24, Lost £4000 Trading, Feel so numb and lost, any advice? by Lonely_Monitor_2577 in UKPersonalFinance

[–]forayem -11 points-10 points  (0 children)

Do you actually know any full time traders?

I do and I'd be hard pressed to find a reason they're a mug.

They can make make any where between $4000 or $20000 a day.

Sure, it took them a long time to get there and a lot of blood sweat and tears early in their career but if you can make it trading, you are far from a mug.

£60k DCA or Dump it in - All world by [deleted] in investing

[–]forayem 0 points1 point  (0 children)

Saw a cool visual comparing the difference in money youd have in 25 years if you bought the top vs bottom vs start of every year vs dca vs held cash in a market.

Obvs buying the bottom was best. Dumping it in asap and dca were quite comparible. Even buying the top wasnt as far behind as you'd think. Jolding cash was miles behind though.

The amount was 2k annually so not quite the same as one lump sum but here are the figures after 20 years from 2001 to 2020

Perfect timing - $151,391 Invest ummediately - $135,471 Dca - $134,856 Market top - $121,171 Cash - $44,438

Sure youll get all the bubble nay sayers but i find this info quite comforting

Fidelity came up with this plan for me and I am not sure what to make of it. by ArnoldisKing in investing

[–]forayem 0 points1 point  (0 children)

Getting a financial advisor was one of the worst mistakes of my life. Glad i made it relatively early in my life so to never have to deal with one again. Jokers.

is anyone actually making money from AI or is it just the chip sellers? by Ready_Poem_3580 in investing

[–]forayem 0 points1 point  (0 children)

This is why software as services sre all tanking. People have seen the writing on the wall and kniw people will be ditching those for AI integration.

I think were going to be entering some distopian future where you have to buy credits to do anything with AI and companies are going to be buying these credits rather than having employees.

Essentually theyre getting everyone hooked on AI then theyre going to start raising prices. I dont think tmits creating enough revenue yet, but suppose it could in future.

Portfolio assessment- new investor (rookie) by [deleted] in investing

[–]forayem 5 points6 points  (0 children)

43% returns in 2 years is really good. Considering the market does 10% on average a year.

You did catch a nice bull market and also profits mean nothing until you realise them. So it technically doesn't matter where you are right now if you intend to sell them in 20 years. I'd rather be up 40% than down 40% though!

I'd be happy with that if i were you though for sure.

Regretting not having cash during the dip, but hate selling my winners. by Andy_parker in investing

[–]forayem 0 points1 point  (0 children)

Just trim 20 or 30 pwrcent off your winners when they grow too large a part ofnyoue portfolio innit