Want to do something else ? Good traders don't want to do something else. Best job in the world and you earn tons of money if you master the game. Only losers or retirees want to do something else. G. Soros, J. Anderson, M. Schwarz, V. Sperandeo... They are 70 years old at least, and they still play the game. Meet others traders? Do you think good traders want to meet someone who is bragging "hey, look at my amazing performances" with no proofs? Nope. No one will respect you (even if it is true). Hire people? Man, be serious, you don't need elitetrader. Good traders recognize good traders at first sight. Go faster? Where? To bankrupcy? Good traders are patient and do compounding their savings, day after day, week after week, month after month. And yes, this is a wonderful advice. Because trading is a long term endeavour, not a hobby. CM
Not 100% sure about that, Trading will drive you nuts, when I eventually go Full Time, I don't plan to trade for too many years, increase account to a level I can easily live off, with a few hours a week over 2 days ASAP. Useless at saving, so guess I'll never make enough to retire!
@Chris Mac You know so much, its really impressive ! So much wisdom. Thanks to you, I know what to do of my life. Maybe you could write a book on it: "The Chris Mac way of life" : - Trade all your life - Dont meet others traders - Dont hire people - Dont manager other people money. By the way, If you dont follow "Chris Mac way of life", you are stupid.
Ahah I never said that, you got tons of imagination, bravo. As your friends http://www.elitetrader.com/et/index...turned-2-000-into-21million-in-a-year.290758/ http://www.elitetrader.com/et/index...on-trading-stocks-on-his-lunch-breaks.288398/ I just said that good traders would never post a thread like yours, because They don t need to be arrogant They don t want to pause when they win They already met others good traders during their career. They can hire people in the industry without a website. They can show audited statements to manage other people money. To resume, they are pro, not amat. Am I more clear ? CM
I like ET because sometimes I can learn a lot and share ideas. I open this post because altough I got good returns, I have no knowledge of how to get to the next steps. So I ask to ET traders, what could I do next with my track record ? Good advice and so on ? It seems that you think that I am arrogant, lying on my returns, I am not pro and so on. And you talk on a lot on it in this post. However the subject of this post is : "What are the next steps when you have a good track record ?" So please, stop trolling, stop saying things you dont know, and please give good advice to people who will read this post.
7 months kind of short, whats this website ? http://www.epchan.com/accounts/ This guy really good, excellent sharp ratio, maybe 70-80 % of winning month I learn a lot by reading his blog
There are hundreds if not thousands of these guys, they make huge returns for a while until they blow up, at 62% DD within 7 months, implosion is imminent.
That's also the kind of guy who's going to have the most regrets on his deathbed: http://www.collective-evolution.com/2013/04/27/the-top-5-regrets-of-the-dying/ Life is about balance, not blind ambition IMHO.