talontrading
Registered: May 2003
Posts: 165 |
11-03-09 03:29 AM
I decided to start a new thread since I don't agree with "the sad truth about trading" and that's not why i'm posting here. Index Piker, sorry for interjecting a way to make money into your thread! [joke]
http://www.elitetrader.com/vb/showt...threadid=181368
Quote from occam:
I generally agree with the sentiment of your posts, and I think they are a good warning to anyone wanting to trade as a counterpoint to the largely bogus (in my opinion) claims that there's a sufficient "learning process" that one can go through and automatically become successful at trading -- likening it to medical school is particularly absurd.
However, there clearly are skills involved in this field (although skills that by no means guarantee success), and it's also very clear that hundreds, if not thousands, of traders achieve returns far beyond what luck/leverage would predict (just look at GS or RenTech).
That said, I agree that the majority of people who attempt trading would be better off having used a passive strategy involving infrequent trading.
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