Member Info for Walp

Cripes! The pair of you!

I have to say that I personally don't believe anyone can get rich day trading any concern without running the corresponding risk of losing big, but do accept that people may try to.

I believe that it's just not worth the sweat, blood and tears, plus there are far too many variables involved..

I also like to sleep at night.

That's just my opinion on it, and no one's going to shift me in it, and so I've la difference, live and let live (etc).

Can we just agree that much whether it's a thing or not?

Whatever the timeframe SMT investment should be maintained to be fruitful (through good times and bad... and I am a testament to profitting very pleasantly thankyou very much over my long ownership despite the awful losses of the last 2 years), then I think we all currently agree it's worth holding right now.

Whether the activity goes on or not, I do naturally see it it as a fools errand.

That's my opinion though..

No one is going to agree with everything anyone says on here, but I do nonetheless like to hear of new stuff and theories (unsubstantiated or not).

Investing is not a straight and predictable line and to be honest and imho, very little can be backproven as the picture is just too darned busy to prove anything..

Ok.

I'll accept that it can be utilised as a day trade, which may reflect the parity with other similar stuff I hold.

I certainly wouldn't want to play that way, but accept maybe there's something in it?

Ps.. a Nasdaq lift does (very generalistically) result in a nudge for SMT..

Ok.. I accept it doesn't follow exactly, but it's an easy indicator to observe which I find does have some parity..

The extent to which being in the naughty bin has skewed it away from this patterning over the past couple of years is (in my mind) a factor.

The evidence now appears to show that SMT is trading without the prejudice it appears to have been saddled with over the past couple of years, as patterns in loosely similar investment trusts have matched now for a week or two.

I think it simply shows that SMT is now considered out of the naughty bin and a viable future money maker.

In short, it appears no more backwardly volatile than anything similar which marks a definite change as of recent.

I have to admit I'm not reading an early buy on the back of positivity then sell off, just simply differing people with differing perspectives behaving differently.

I also still note a definitely more positive surge when the US opens for business at around 3pm UK time, which to me simply marks (rightly or wrongly) attitudes based upon their more local economy (which is closer to the inflationary resolution post than much of Europe).

Not worth worrying about I would suggest, as we are clearly at least all agreed on a "hold" perspective now a slow ascent seems reasonably likely?

That's my slightly brighter perspective anyway.

Ok. Not necessarily futile... Let's just say hard to imagine right now. Let's just hope its never necessary or representative of anything more than a developmental research and advancement exercise and/or the beginning of future space tourism.

I guess as long as it is profitable 🤞

Futile not fizzy...

Goldarned autocorrect....

Going back to Mr Musk, interesting piece dissecting his decision to replace the Twitter logo on the BBC today:

https://www.google.com/amp/s/www.bbc.co.uk/news/business-66296468.amp

Ostensibly one might think it extremely foolish to replace something so instantly recognisable to everyone, but pure research does suggest more benefits than downsides to doing so (especially given the stuuck Twitter have found themselves in specifically down to the "aggressive" style of Musk.

I think the lesson for him with Twitter was "if you didn't create from scratch it don't mess with it".

He won't see it that way though, and his ultimate idea is to make Twitter the "everything" app (from booking a taxi, ordering a meal, setting diary entries, email.. you name it).

It's been done before they argue, but I put nothing past the man in truth.

Like Buffet his thinking may seem against natural convention to many, but there is no denying he has something.

I lean towards the belief that his startups will continue to do well which does bode well for the likes of Space X (which I see more of a creative breeding ground, as when you think of it is liable to lead to the creation of saleable new technology and ideas as it trundles along towards is ultimate fizzy goal of Mars transport).

Just musings...

Agreed, perhaps a bit harsh on Fela96, LLL.

Interesting reply that struck me as fair and thought provoking (whilst being very polite and respectful).

Such is to be encouraged I feel, although I do admit you been on the receiving end of more challenging stuff from him/her in the past.

Ok, Fela. That's a likeable and honest reply. Thankyou.

Too much has been said on this now, so perhaps leave this thread now and start afresh on here with new stuff in a spirit of respect and kindness to all participants?

I'm all for recency and can certainly recommend it.

A slight aside and not criticising as I agree with Bard1, but I'm genuinely intrigued as to how this forums obscenity filter allows "twats" but doesn't allow "s******g" as in a smelting waste product.. 😂

Yep, Fela96, the utilisation of primacy vs recency isn't something to be proud of, but is basic and unchangeable premise of human and animal nature. Yes.. it is cognitive, but so what? It exists, yet you stand and argue against its effect much like King Canute trying to stop the tide (much as you seem to do with any concept that doesn't align with your own).

It exists amongst the good and the bad and no one escapes it.

Narcissistic does actually balance with you I'm afraid, which didn't actually occur to me before DSM mentioned it (you do remind me of someone who struggles with that), plus it's clear you would argue blue is red just for the sport (hence troll like) or because you somehow have to defend even the indefensible.

Forget about who is right on any theory discussed here, the complaints have nothing to do with that but are all about you.

If you can't inwardly admit any fault as concerns your attitude (yet the world can see this fault), then that is an issue for yourself to deal with (or not as the case may be).

No one is criticising you because of your challenging the concepts and theories of others, but just because you do so in such an offensive way...

Tbh I feel a bit of a dick for saying this lot repetitively to a grown adult on here, but thought you could profit from it.

You don't seem to want to profit and continue to argue the indefensible & so I guess it's game over.

Pity that :(...

I can't add any more.

I'd like to get back to genial discussion around this investment.

I think I'll resist the temptation to comment further.

As others have stated on here it's great to have you on here, Fela96. You are clearly very passionate, but let's all be kind and considerate to each other in our discussions and move on now 😅

And yes... I defo get your exploratory reason for the handled challenging...

Hard challenging like that works well in a boardroom with people who know your personality, but not with people who know nothing about your personality.

Weirdly I've talked about primacy versus recency on here before. The law of primacy states that the first impression of a person is always the strongest and creates largely fixed opinion of character. Recency states that it's possible to subsequently change that impression in some way by subsequent behaviour, but it's ten times tougher and requires quite a bit of opposite adaptation of character..

It's a basic but true concept and worth all of us thinking about as it's a great life behavioural tool.

Hardly investment theory, but I offer it all the same 😂.

As I said Fela96, it's just the way you challenge people. It's way off the ledge...

There is a lot of sarcasm, amused cynicism, petulance and insulting stuff whenever you challenge which is basically affrontory.

I agree it's just your way of challenging.

I personally feel out of my jurisdiction with my critique of you as I do think you are probably a decent person.

I did say that it's "almost" troll like, and that I didn't think you were aware of that, so no.. not exactly a troll... I just hoped you'd reflect on that?

Forget about discussion of the backproving of other opinion for now, as yes.. you can ask that.. but if you ask it in an inflammatory way your not going to produce the fruit of discussion..

As others have said here you clearly have some knowledge and passion, and that's all amazing stuff.

Might be better to challenge opinions with something like; " interesting idea and worth exploring, but I see a couple of problems with it from my own perspective".

That then makes the other person feel ok with it.

Saying it's basically rubbish and asking them to back prove it" does quite a few very negative things. It insults them, it makes them feel stupid, it make you look like a big head and that defo winds people up.

It's not a Victorian classroom and you're not the only teacher in it.

Apart from that, peace.

The stupid thing is you've never been like that with me at all, but that's only because I'm not massively theoretical 😂..

Allow free thought, be kind and read and amend your comments from the perspective that they are aimed in reverse at yourself before hitting the post button.

I'm genuinely trying to help...

Honest...

"In my opinion, making a claim and then refusing to give evidence for it when asked, should make anyone an absolute laughing stock."

Not nice F96.

Try tolerance, especially as DSM has actually given a very clear account of his/her thinking.

You may not know it yourself, but I'm afraid you are in every sense a bit of a an angry troll and so I for one am now disengaging.

Thanks Fela96.

We are clowns, but you are perfect.

Got it.

No one is questioning your right to challenge, just the way in which you invite negativity via your heavily clumsy and oft really insulting approach.

It's a lot like listening to a spoiled kid who can't get his own way constantly dodging the basic premise of objection in the replies you give.

Give insults get insults.

Give negativity receive negativity.

Insult people expect derision and insults.

Force your opinion that you are right and everyone else speaks rubbish and are clowns and receive exclusion.

It's basic stuff, Fela96..

So let me just say what a waste it is when someone actually has something to give but trashes it all down to such a terrible attitude.

You're not for the learning on the basics of human interaction, F96....

That much is crystal.

Agreed DSM...

It's destructive to either point of view when personal insults are introduced.

It also creates an atmosphere in which people become loath to comment in case they get labelled negatively in this way.

I can provide a mountain of evidence on this basic psychological premise too, which Fela96 seems to like.

S/he seems very much to want to engage in free and open discussion and so hopeful that this point will be taken on board.

If not natural exclusion will result (I can provide the evidence on that one also)..

It's also not a competition as to who is better, more clued up, right or wrong (we aren't in the playground).

Great thoughtful comments from all (really welcome stuff), and so kindness and open mindedness are the ways forward I believe :)

Exactly, Beachouse.

All tech Inc SMT (to the extent it truly reflects pure tech) has lost similarly over the past couple of days.

Im not arguing with others on here exactly what index SMT follows, but still point heads to the stellar and non volatile rise in the Nasdaq over the past six months.

Agreed only a part of the story, but given the technological frameworks withing most of SMTs investments, I believe it at least gives a clear positivity nod to where SMT is liable to sit once the black inflationary dog is back in his kennel.

Exactly Frogster. Well said.

But please keep posting Fela96.

It's all decent stuff and challenging other opinions and standpoints are all very useful and worthy of discussion.

As always I admit I am not the most strategic and knowledgeable investor on here, as I have never found such depths of strategy and theory necessary with my "buy well, buy once and hold with money I can afford to lose" approach.

It's done ok for me over the years and I'm even still comfortable I held onto SMT (given had my lifelong attitude have been "sell" whenever a cloud appears I would not have done so well).

I'm still open to comments from the clearly very passionate such as yourself :)...

Maybe just take a bloody big file to your comments and round the edges off somewhat before pressing the "post" button 😉😅

Interesting points.

There have always been quite a few comments here on SMT, even before the demise.... both before the stellar lift post COVID and (as you say) following the stellar loss Nov 21.

A lot contributing to the increased discourse is possibly down simply to the large numbers holding it.

As for the overt moodiness between some forum participants, I believe that those who have elevated it to that have simply received a reciprocal tone and attitude in return which in many ways is simply playing the game on the same board rules as themselves.

I have myself been somewhat guilty of asking those who invite this "attitude" to reflect on it when things have got a little heated (which I believe has actually had a positive effect to some degree).

Having said that, I have always been ambivalent and philosophical as concerns the performance (up or down) of SMT down to my approach of buying well and simply holding.

It's done reasonably for me over the last 25 years having invested money that I could survive without, despite the murky depths it now finds itself (as always I am sympathetic to those having bought in later)...

I am also in no personal doubt there is an upside yet to come, and so I'm personally quite happy with things and would always prefer things to be discussed in mutual respect and tolerance.

Psychology and sentiment going hand in hand is exactly what I have been saying all along, Dontshootme.

I've studied the former professionally and it's a biggie.

Media slant is a powerful tool as it's a big and obvious window on the world that we all have to look through.

In SMTs case, it's either justified negativity or not, and in the absence of anything coherent or concrete I tend to side with the latter.