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And now everything is different, even CP[^] looks different.
On top of that I don't have the admin privileges to edit the registry to make some of the things (the context menu above all) be as it was in win 10.
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Wordle 1,013 4/6*
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Picked the wrong one of two ...
"I have no idea what I did, but I'm taking full credit for it." - ThisOldTony
"Common sense is so rare these days, it should be classified as a super power" - Random T-shirt
AntiTwitter: @DalekDave is now a follower!
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Oh Johnny...
Along comes Johnny, and he's like... having a ton of money sure would be swell. I think I'd like a lambo tomorrow. Let me google how to do that. Johnny hears about day trading. Should be easy right? Nobody's ever lost money doing that.
And even though one literally has a professor, tutor, teacher, or at least a book for everything else in life... Johnny doesn't need any of that teaching crap because he Googled how to make that lambo happen. Besides, they cost money, and he's emotional about money and way too cheap for that. I mean he'll argue online with other n00bs, but that's besides the point... lambo baby!
He's told he'll need to do technical analysis for day treading since fundamentals are more important for investing. Sounds legit, then swears by Fibonacci despite having zero clue about the math behind it. Standard deviation in Bollinger Bands? Bring it on. What's statistics again? Tries a ton of fancy indicators, despite not really understanding what is meant by lagging. Loses money.
Does more "research" and find experts claiming to get back to the basics and keep it simple. Bruh, RSI is where it's at. That and price action with some trend trading and you're good to go.
Johnny loads up his account with more money and its go time. At first, Johnny uses his RSI like a good little trader, even though he couldn't tell you what the fudge a sine wave is. He's gonna use it to help spot reversals. Sets it to 30 70 and starts making trades based on it. Loses money.
Now Jonny lies about it so he can seem cool and not-foolish. So, he continues to watch more "experts" online rather than hire a tutor. After digging, some "expert" videos say, "naw dude you need to set that 20 80 to weed out false signals". Johnny can taste that lambo. Except now he loses more money. Real money. Paper trading is for clowns.
Then Johnny searches more things online, while still not paying for his education. Doesn't bother to learn market theory. RSI baby!!! He finds out only plebs use RSI for a reversal though. Nooooooo. The "elite" use RSI to gauge momentum. So, he does some more trades, going with the overbought and oversold rather than against, still loses money.
Says day trading is scam. Still not gonna back test anything and definitely not hire a tutor. I mean, spending money to improve yourself? Wahhh? Quits, upset. Bye bye lambo. Gotta go get a job again.
Jethro in the hizzy...
Then along comes Jethro and he's like. I'm gonna test crap rather than blindly trust people online. Jethro knows most people lose money, so clearly most people don't know what they're doing. Otherwise they'd make money. Jethro takes actual, historic market minute data for a year or three and runs simulations. Jethro finds out, the experts were wrong when going counter to the reversal using the RSI (over time), for the minute data at least. Does another test for different years and finds out they're right. Concludes nobody knows what the fudge is going on.
Huh?
Point of the story is, all the "experts" you see online don't even back test the crap they regurgitate and most have no idea of what they're talking about. There's a thing called confirmation bias that people develop, just because something may have worked for them once or twice in a very specific scenario. Also, people lie a lot and need clicks and views.
And let's not even talk about the data a retail trader doesn't get (it's not cheap) or the fact there is active manipulation going on in most markets.
And yet, people still believe "experts" online without seeing a P&L, because they did an almighty Google search... for free.
Edit: Trading is great btw, but most people do lose money and play a fool's game with it. Don't be like Johnny.
Jeremy Falcon
modified 15hrs ago.
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Wow, did you or someone close get burned by a shyster?
Even backtesting is dubious. It might be worth looking at if it goes back decades, maybe even 50 years. Even then, it's unclear why a pattern that occurred in the past should repeat. There are simply too many variables. Most of it is little different than numerology.
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Greg Utas wrote: Wow, did you or someone close get burned by a shyster? Yeah. Everyone does though. I've even paid good money to be lied to by "reputable" organizations... cough cough OTA. Even lost money due to my own stupidity over the years. It's called tuition. Everyone goes through it, if they're being honest.
Greg Utas wrote: Even backtesting is dubious. It might be worth looking at if it goes back decades, maybe even 50 years. Even then, it's unclear why a pattern that occurred in the past should repeat. There are simply too many variables. Most of it is little different than numerology. Well, back testing is great, but you're right. However, best to figure out the common denominator here... which is patterns. Forget trying to make hieroglyphics out of a chart. It's subjective anyway. Learn market theory (it's a real thing) and risk management, then back test that.
* Note, OTA has some advanced things with decent-ish information. Their beginner/intro/sales pitch stuff, to get to you to buy into the more expensive stuff, is a sham though.
Jeremy Falcon
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The best advice I ever heard--too late--was, "Don't confuse a bull market with brains." I managed to retire rather young because of some contrarian investments and thought I'd figured it all out. I almost ended up going back to work.
Puts for insurance are insanely cheap right now (VIX < 15). Spitznagel's The Dao of Capital is a good read for risk management, but you have to fill in a few details. He runs a hedge fund to protect against tail risk, so he doesn't quite give it all away.
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Greg Utas wrote: Don't confuse a bull market with brains. Preach, brother.
Greg Utas wrote: Puts for insurance are insanely cheap right now (VIX < 15). One of these days, I'd be curious to play around with options, but it just be tinkering. Figured it's better to specialize in an area that works for you rather than spread myself too thin and become susceptible to the nonsense because I'm no longer an expert in any one thing.
I'm into Forex btw, which is like equities, but for a country... the country's equity... currency. Some people hate Forex, and I get it... because it's the wild west with way more scams than stocks IMO. And, because its distributed and has no "real" good volume information, but I love it because it's extremely, extremely liquid (slippage is rare) and shorting isn't a big deal like in the stock market. Like, no such thing as a broker refusing to lend out low cap shares for a short... it's all money exchange. But, that's my bias.
Still love hearing about options traders that do well. It's interesting.
Greg Utas wrote: Spitznagel's The Dao of Capital is a good read for risk management, but you have to fill in a few details. I'll have to check it out one day. I've read so many books on the subject, I have no idea where I learned my risk management strategy from. But, it's close to a percent equity model, except I use a realized balance rather than equity to determine risk. And handling the downside, don't have a name for that.
Greg Utas wrote: He runs a hedge fund to protect against tail risk, so he doesn't quite give it all away. Noice
Jeremy Falcon
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Oh, and don't get me started on the crypto scams... which I still feel for... despite being educated and knowing we were in a bubble. Sometimes people can be so convinced in their delusions they sound trustworthy... despite being 100% delusional on 100% speculation (which is a fancy word for guessing)... that even an educated person can go against their better judgement.
Nothing against crypto btw, but by the nature of a bubble, you better know when to get out.
Jeremy Falcon
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When I retired I thought I would "fiddle" around with the equities market, stuck the bulk of the funds into the wife's name and went for low risk, long term stocks. Then attempted to pick and choose some high risk, volatile stocks taking the advice of a bunch of online "experts".
3 months later having dropped a large percentage of the capital I moved the lot into the wife's choices. We don't make a lot but we don't lose much either.
Never underestimate the power of human stupidity -
RAH
I'm old. I know stuff - JSOP
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Mycroft Holmes wrote: We don't make a lot but we don't lose much either. Believe it or not, breaking even is a lot better than what most people do. Don't ask what I lost on crypto...
I will say this though, anyone who claims they can predict the market is lying. I mean, you can make money day trading, but it's a hard learned process the "experts" lie about.
Jeremy Falcon
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Jeremy Falcon wrote: there is active manipulation going on in most markets.
And yet, people still believe "experts" online... You mean the 'active manipulators.'
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I love me some RSI! It isn't biased, it just reports how strong the trend is at the moment. I always trade with the trend, when I trade. Now, that said, if today is not an up day for the market or the security that interests me, I won't buy even if the trend is up. I never go long on a down day, no matter the trend. But if the market and the security are down, and the RSI remains above about 70, I'm going short. Actually, I never use shorts; I buy Puts. The leverage really helps. I find that, in a volatile market with a moron leading the Nation, a Buy and Hold strategy is incredibly stupid, so I've been swing trading and playing options. I'm told that 80% of securities follow market trends in pricing, no matter their fundamentals, so it really makes no sense to try to fight the market, unless you have insider information.
By the way, Jeremy, I use a product called VectorVest for investing knowledge and training. They have been very good to me. They have a YouTube channel, and they will be hosting a weekly live event tomorrow called "Trending Thursday" there. Plan to be there, and I think you might be impressed by the amount of knowledge they have to impart. I highly recommend their service...
Will Rogers never met me.
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Roger Wright wrote: I love me some RSI! It isn't biased I love ya buddy, but gonna have to disagree there man. I don't think the RSI has a negative or positive bias btw. But, I do not think any indicator is the holy grail of anything. This is coming from over a decade of trading and going through many books, a personal hired tutor, self-study, years of back testing, years of watching the charts in real time. I've broken down the math. Written my own RSI in JavaScript. I fully understand it's a lagging indicator. Went through the novice teachings. Went through the advanced teachings. I could go on. I'm to the point now I can back test over a decade's worth of trades in seconds, using things like an RSI.
Did you ever read the book by the dude that invented RSI? I did. I've hosted meetup groups training other people. And so on and so on. I could go on, but it's been my experience that online... everyone tends to assume someone is a n00b or clueless when they post something. That's not me dude. I'm posting so people don't end up like Johnny and just lie about it to save face.
Roger Wright wrote: and the RSI remains above about 70 If you believe in that, you shouldn't, but if you're still at that level, don't forget to get confirmation in a higher timeframe. Not that it means squat, but if it gives you warm fuzzies.
Roger Wright wrote: , in a volatile market with a moron leading the Nation, This is why I like you, man.
Roger Wright wrote: I'm told that 80% of securities follow market trends in pricing, no matter their fundamentals, so it really makes no sense to try to fight the market, unless you have insider information. Going with the RSI isn't necessarily going against the market. It's an oscillator, not psychic pixie dust. Which means, it could stay in overbought for along time while the market continues to go up. My point was pointing out the folly in assuming it can predict anything. But, totally agree you shouldn't fight the market.
Roger Wright wrote: By the way, Jeremy, I use a product called VectorVest for investing knowledge and training. They have been very good to me. They have a YouTube channel, and they will be hosting a weekly live event tomorrow called "Trending Thursday" there. Plan to be there, and I think you might be impressed by the amount of knowledge they have to impart. I highly recommend their service... Thanks buddy, but I wouldn't be going unless I was training and they paid me. And, I already did the training others thing. Anyone that talks RSI over market theory, for instance, are not the people I'd trust. Their P&Ls I seriously doubt will be ever shown, without being doctored, etc.
Btw, the reason I stopped the meetup stuff is because I got tired of the BS. People were so egotistical about it all (not saying you) and lying about everything. Dunno what it is about money, but thar be a lot of ignorant folks with egos being fake and pretending in that circle. And they'll never show you their honest P&Ls.
Jeremy Falcon
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If you are interested in 6502 (and/or computing history) this video is absolutely worth a watch.
He has a bunch of quality videos for retro but this one is great for the history.
The 6502 CPU Powered a Whole Generation! - YouTube[^]
EDIT: Includes interview with Bill Mensch (one of original designer/creators of 6502).
modified 18hrs ago.
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Bender from Futurama CPU of choice!
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That's the chip i learned to code on! I love that lil guy.
Check out my IoT graphics library here:
https://honeythecodewitch.com/gfx
And my IoT UI/User Experience library here:
https://honeythecodewitch.com/uix
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honey the codewitch wrote: That's the chip i learned to code on!
I'm very curious about a number of things. If you don't want to answer, no pressure I understand.
What year were you learning 6502?
Were you learning this on your own? Or part of some school?
What was your programming rig? IDE? Device programmer? etc.
I'm thinking you learned this back in the 80s or 90s maybe and I'm curious how you had access to that stuff? I remember having a C64 and having no idea how to program it to do anything worthwhile because all I had was BASIC and the other alternative was 6502 Assembly but I didn't know how / where I would've learned that back then.
Just curious.
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1986, on the venerable Apple ][ machines. I got a ][gs at home but i did most of my coding at school labs at the time. I was 8 so there was no programming classes at the time, but we at least had apple labs. Most of the kids played Oregon Trail. I was still into building frankenbikes and stuff in my off time before i really caught the coding bug so like i said, mostly i did it at school to kill time, a bit at home too though, especially as I gained interest.
I learned on my own starting with the BASIC programming manual that came with the Apple ][gs. I was using it in 8-bit 6502 compatibility mode until like a year later.
raddevus wrote: What was your programming rig?
Apple ][gs in 8-bit mode, and Apple ][e's mostly. Though a friend had a ][c, and later i got a commodore.
raddevus wrote: IDE?
Surely you jest! I eventually picked up TML pascal on the ][gs but before that I had no IDE. Just a prompt and either BASIC, asm, or manual machine code (before i learned about the mini assembler)
raddevus wrote: Device programmer?
First one was an Arduino board in more recent years.
raddevus wrote: I'm thinking you learned this back in the 80s or 90s maybe and I'm curious how you had access to that stuff?
Yeah, my parents bought a ][gs as soon as it was released, and we had apple labs at our very well funded schools.
Libraries gave me access to computer mags like Byte. I learned machine code by more or less reverse engineering the code I'd find in magazines. I can't remember it now because I switched to asm as soon as I discovered the ][c and later had it.
Check out my IoT graphics library here:
https://honeythecodewitch.com/gfx
And my IoT UI/User Experience library here:
https://honeythecodewitch.com/uix
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