Tesco Live Discussion

SaraRacano 03 Mar 2019

Some people never forget what has been said in the past! “Chris Grayling in 2016: Negotiating Brexit will be simple Chris Grayling in 2017: Nobody ever said negotiating Brexit would be simple Billboard location: Ramsgate (where else?)” D0rdQ5lXQAAhKdz.jpg1200x900 144 KB

SaraRacano 06 Feb 2019

Just before you all get carried away This was starting around December, that shows all is not well in the real economy!

SaraRacano 03 Feb 2019

The magic economics of gambling

Ripley94 02 Feb 2019

The magic economics of gambling SaraRacano David Buwick on LBC saying what a great increase there was in January on markets . "Record breaking " All the bears have gone quite ?

El_Kel 29 Jan 2019

Tesco article on meat/fish counters From BBC website today; "More than 60 years ago, Tesco introduced meat and cheese counters for the first time at its new superstore in Maldon, Essex. Today, it is getting rid of them at 90 of its UK stores. Tesco will keep meat, fish and deli counters at 700 supermarkets but while some of them will be staffed full-time, others will only be manned on a “flexible” basis. Britain’s biggest supermarket chain says it is making the changes because people don’t shop like they used to. Gone - or fewer - are the days of the big weekly shop." [link]

Ripley94 25 Jan 2019

The magic economics of gambling Not sure over complicated its about Patience / Time… Leverage not a great idea . Buy and hold . Had epo ten years first buy 46.45p , averaged down many times , as low as 8.9p just one year ago. Posters on these boards saying it was rubbish no future high debt going bust . Now MasterCard and Visa fighting to buy it.

macbonzo 24 Jan 2019

The magic economics of gambling Hi Sara I understand what you are saying about Stops. Once they are in, you are fixated on them. To turn that on it’s head I only know of two people who can dispassionately take a predetermined loss with it floating in the orderbook - FT71 and Soi. Personally I use NLP techniques, meditation and my trading coach. I see losses are the cost of doing business. You are absolutely correct about people forgetting what a bear market looks like. November and December wiped out many accounts. I have seen the 96% figure for Forex, but, you must remember 50% of these people should not be trading anything. Also people like Plus 500 will lever you 500:1 ! You would have a better chance with a FOBT. I trade leverage, but, 10:1

SaraRacano 24 Jan 2019

The magic economics of gambling This is a “game” where you need experience & a knowledge of mathematical statistics & how to interpret (far easier said than done). Many times I have wondered whether many people have a trading plan, they just appear to go in gun-ho. The problem with a stop loss is that you can guarantee that the market will go against you at the start. Trouble is for the past 10 years people have become so accustomed to this bull market they have all but forgotton what bear trends actually look like which is absolutely frighting. The trouble with Lloyds is that they themselves are providing the liquidity (debt) if the SP is acting negatively during a share buy-back “LLOYS shares fell in a straight line for 11 months” how does it react when it stops? The statistical probability for success I would have thought isn´t that great. Look what happened after Tesco finished its share buy-back! Do most people on here even recognise the concept of volatility (VIX)/liquidity? You´re one of the very first people that I have heard use the term. Many people on here talking about corporate statistics but do they really understand them? This is my reason why I have tried to print posts outlining various statistical mathematical models. I thought betting shops was becoming a thing of the past with it all going on these smart phones. Some of the figures I have heard are potentially scary. 3m + “on the verge” of serious gambling addiction. Are they doing this as a means of escaping debt. Forex, you have a 96% chance of loss, who in their right minds would leverage in this market?

macbonzo 24 Jan 2019

The magic economics of gambling Very true. Fear of loss is much much greater than enjoyment of winning. You’ve been around the LLOY BB for long enough to see that. Last year LLOYS shares fell in a straight line for 11 months. What was peoples response? " but the fundamentals are really good"…“just give it a little more time”… “I’ll just keep taking the dividend”…“It will fly once Brexit is shorted out”. Anything other than using a stop loss. My approach is to take really small gains (2 points on the S&P) on sizeable leverage. Once you have a verifiable competitive edge you hammer it until it doesn’t work. Last February we had a 10% correction and volatility (VIX) rose from $9.22 to $50. If you didn’t realise the characterisics of the market had changed, you were toast. Just after that I posted some stats on what happens when you get 20% market corrections. It was almost guaranteed free money - but VIX would spike and liquidity would disappear. I even posted the level I was looking for 2300. On the 27 Dec ? we hit a low of 2313. How many people traded the stat? None. Why? they need a conformational bias. So they watch news. We rallied up to 2675 and now people are looking for longs. With any coaching client, insist they throw out their TV. Look at a Callander of economic releases by all means, but when you are trying to interpret everyday news, it means one thing - you have no faith in your trade plan. Ever noticed there is a proliferation of betting shops in poorer neighbourhoods? It is because people want the dream amount of money with no effort. They have lost hope. As your clip says people will rush to play minuscule odds in the hope of winning the dream amount. Once you understand you can make money consistently by stacking trades, you can build size and make big money. Losses are merely a source of information. It means you are one step closer to your next profitable trade.

Ripley94 24 Jan 2019

The magic economics of gambling Hi Sara have you posted that before as i have seen it. I had thought i was a gambler but found myself choosing the sure thing which has made me doubt. As for you previous reply i have never known an employer not interested in someones background i always thought it was relevant .

Ripley94 24 Jan 2019

Tesco growth forecasts Really

SaraRacano 24 Jan 2019

The magic economics of gambling Back to the mathermatical laws of chance & probability & the ability to understand & evaluate risk & reward. People keep quoting statistics but do they really understand what they actually mean. The laws of gambling just as much apply to equity markets.

SaraRacano 24 Jan 2019

Tesco growth forecasts Backgrounds are unimportant, many of these self styled “insider experts” get it wrong the majority of the time. Go on the material I post which is intended to make you think. You must remember the number 1 rule you must learn are the mathematical laws of probability/chance & how they work in real life & gambling situations. Check out my next post: The magic economics of gambling

Ripley94 24 Jan 2019

Tesco growth forecasts Readers do not know anything about your background Sara ? but many would know Lagarde . You do appear to me to be very smart .

SaraRacano 24 Jan 2019

Tesco growth forecasts If you ask me, “did the IMF ever see a recession coming?”, I say no. DxoKBWJWoAAB1IJ.jpg1200x635 111 KB