And another day trader bites the dust

Discussion in 'Risk Management' started by MrRenev, Oct 15, 2020.

  1. qlai

    qlai

    Fame? Connections? Opportunities? Fun?
     
    #21     Oct 15, 2020
    S-Trader and Tradex like this.
  2. Tradex

    Tradex

    :thumbsup:
     
    #22     Oct 15, 2020
  3. deaddog

    deaddog

    Why is that? Isn't there a study somewhere that shows most of the moves happen when the market is closed?
     
    #23     Oct 15, 2020
  4. Tradex

    Tradex

    Perhaps, but when was the last time you saw Buffet or Soros on Youtube?
    Did they ask you for a "Like" or to hit the "Subscribe" button?

    Seriously.
     
    #24     Oct 15, 2020
    TrailerParkTed likes this.
  5. Tradex

    Tradex

    ??

    No.
     
    #25     Oct 15, 2020
  6. qlai

    qlai

    That’s because this generation communicates via different medium. May I remind you that both Buffet and Soros do lots of publicity.

    I was listening to an awesome speech by Schwarzenegger where he detailed his path to success. One of the items was : Werk hard during the day, advertise hard at night. In other words, make sure others know how hard you work.

     
    #26     Oct 15, 2020
    Nobert and themickey like this.
  7. Tradex

    Tradex

    Yes, but they didn't earn their billions that way, come on.
     
    #27     Oct 15, 2020
  8. qlai

    qlai

    Well, my theory is that when these YouTube guys start, they don’t make enough from trading initially. So they try to have multiple streams of income like books, videos, rooms and it just catches on and turns into something like this:

    https://www.peakcapitaltrading.com/
     
    #28     Oct 15, 2020
    Nobert and Tradex like this.
  9. Tradex

    Tradex

    True , but nothing wrong about having multiple streams of income, even if you are already a successful trader.
     
    #29     Oct 15, 2020
    Nobert and qlai like this.
  10. SunTrader

    SunTrader

    Except Schwarzenegger was in the business of selling himself to the public. Watch my movie.

    Traders trade, not sell themselves. That is the whole point. Work for yourself. No employees, no inventory, no customers, work from anywhere anytime etc.
     
    #30     Oct 15, 2020
    CALLumbus and d08 like this.