It started out as the "Suse Orman Show". Now it's "Dr. Phil." BTW, I'm going long the August 30 calls on this thread! This will be a long one.
More like, The Days of Our Lives. Here's another thread, originally of some trading interest, now turned soap opera. Hello, Chit Chat.
Where did I insult you? I was merely stating FACT that you have NEVER lent huge sums of money to someone, otherwise you would have never made these comments. Did you not insult me by making comments without reading my post first?
This thread is titled...Traders under 30"..... Might this suggest that they gravitate to the short side?
apoligies on both sides then, ftrader why did you let it go on for so long. Did it start, with real necessities like medical bills, and then it drifted downwards.
Hey, if you can make a G a day, great!! Just realize there are more than one ways to skin the proverbial cat (aka make $$ in the markets) so you don't have to hate on those who make it in a different fashion or in the corporate world. FWIW, I do agree that most order entry jocks don't have the same discretioanary trading ability that independent daytraders do, but then again, they do get a nice base salary and if they take prop positions for the firm acct, they do get a nice performance bonus at year end! On average, those guys make a hell of a lot more than your avg. daytrader and have significant advantages too. Anyways, good trading to ya man and don't waste your time with unproductive negative energy was all I was trying to say.....
Im surprise she hasnt learned english, and tried to be a reporter over here or at least move onto a montral station, become biligual and then cnbc. Im surprise no major network has tried to snag her yet, even thought she doesnt speak english, but damn she has charisma.
Like I said, a 17 year old getting an internship that MBAs will slit throats for. If you can't figure out that he was obviously privieleged then I dunno any other way to say it. I find it insulting that these "traders" are glorified along with major exchange floor traders as if they are playing by even close to the same rules as the average day trader. Trader magazine apparently is shady as noted from that other thread I posted before. A guy gets top 100 then his firm goes BK 6 month after, you know someone is blowing smoke. They scalp order flow, is it really that hard to figure out that if a big boy is buying it is wise to get long. You would be surprised how horrible these guys are when it comes to prop trading, I just recently found out from a friend that is putting together a hedge fund. He has given some of these guys a chance and had to kick them out within weeks. Worse than an average n00b of the street. You may be talking about the few true prop traders top firms have but the standard execution monkey (sales desk) does not make that much anymore. Reasonable salary plus bonus and do not discount the fact that the competition for these jobs allow the firms to keep dropping compensation. It's a Bush economy after all. The Avg. day trader is probably struggling but it's not like a sales trading desk job is easy to come by even with connections. Hey I busted my a$$ trying to get onto Lehman sales desk back in 2001-2002, going through an alumni that was up pretty well in there at a young age. But I was not Ivy League MBA, so no matter what he did, my resume went in the garbage. Ole boys club and all. I'm just stating it how it is, bottom line, do not believe most of what you see on Television, even less from CNBC.
F-Trader, similar situation here. In the computer file where I keep track of all the personal loans I've given out, this is the (unnecessary) warning above that list: "Want to bring out the ABSOLUTE WORST in a friend? Want to turn a friend (even a good friend) into an enemy? No sweat!!! Just lend them money." I've lent about 100K, and gifted about as much as well. Unlike you, I actually have about a 40% payback rate. When I first started hitting it big in the late 90's, I lent money to nearly anyone who requested it. In my early twenties at the time, I guess I had to be the big shot and 'help' them. I was totally shocked to find that many of the relatives and friends who I was positive would pay me back, didn't. (Also notice how they will never ever bring up the subject of owing you money- they just go on like it never happened.) Today, I still can't help but do it for someone who I'm positive would do the same for me, were our roles reversed. Otherwise, forget it.