Short Term Trading Weekend Lounge 11-13th Dec

Originally posted by forrestfield ↑

Integrity - really interesting topic... before I think about others integrity I consider following points re investing:

1.we should always keep in mind that people posts on stocks based on vested interest...

2. we should always trust ourselves... even then we should be critical of our own judgement.

3. Keep reviewing our own investments... if something does not eventuate as per initial plans perhaps we have missed something in the first place.

4. Listen to those contradict. Difference of opinion is truly a blessing and we get it plenty at HC... if somebody is questioning your judgement does not mean they are against us personally perhaps they have seen something which we have missed initially... people like @heraclitus, @pisces, @nihilism, @strauss are very good at this...

5. Avoid being rich over night, no such thing... a solid sound strategy is very important... hence avoid the pumped stocks...

6. Always do your research... I know we hear it 100 times a day... but honestly it is the only thing which separates a good investment from a bad one...

Now integrity:
What others do, rarely matters to me... what I do, does matter... I have a believe whatever we do, have consequences.. a wrong doing is always a wrong doing no matter where it happens...

I personally feel like share trading is a place where large groups of people along with insiders are manipulating others for their own advantage... and they have given it a sophisticated name which is Share Trading / stock market...

How I avoid it?
I simply do my research and try to buy things at real low value and then whatever happens it does not effect me much.. To do this, I normally have a price target for everything which does fluctuate but mostly been followed... if a stock is pumped I lock in my gains only when it hits my target...

At HC, I now have no buy or sell disclosure... I also keep saying that I only posts on stocks I hold... and most importantly, I decrease number of posts substantially on a stock where I see a pump... I simply don't want to be part of nasty stuff...

And lastly, it comes back to me again... I need to answer myself every day... also, I have no right to judge others so I consider everyone is simply stating the truth to the best of their knowledge... WHAT I have to do is just listen to myself... make my own decision based on my own research...

if someone else is making money by false statements, it's their fault and they will pay back to mother nature sooner or later... EXTREME BORING I KNOW but that's how I think Lol

Cheers and all the best

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Great post FF. I've been posting less lately due to study commitments (studying towards the Series 7 here in the states as I have a job lined up in the industry, just waiting on the visa to arrive), but I think this is a really good topic.

One thing you've mentioned which I think needs to be emphasized is the fact that everyone needs to realise that 99% of the time, a poster will post because of their own self interest.

Unless you have an interest in a stock, chances are you're not going to be bothered posting about it. Remember that this can be both positive (the poster has an interest) or negative (poster wants an entry at a lower price).

In saying that, sometimes I post on a stock I'm interested in but don't hold, but thats usually because I'm interested in the sector and find the companies ventures interesting (as a geologist, for me that usually means mining related stocks).

You can usually figure out if a poster is genuine or not by looking at their posting history, and over time you get a pretty good idea of who's worth listening to and who's a known up/down ramper.

I think integrity is something that's largely been lost in the financial industry over the past couple of decades. You hear stories about "back in the day" when your broker, along with your banker, was the most trustworthy person you knew, and hedge fund managers and investment bankers always had a significant holding in anything they were peddling.

Those days appear to be long gone, but I think, for the most part at least, we do a good job of upholding at least a sense of integrity here on HC, and particularly in the ST trading thread - my favourite part of HC by far.

A big reason for that is the astute management of the thread which keeps the quality posters around -kudos must go to the likes of Freehold and the other heavy hitters who keep this thread the best place on the web for quality stock discussion.

Keep up the good work and know that you are appreciated by many.