LOL don't flatter yourself, i wouldn't go to so much effort just to argue a point with someone like you. seems pretty arrogant to assume anyone posting something that challenges you, is obviously an alias for another opposing poster. by your logic, Trader99, CandleTrader, EliteTrader and anyone else with "Trader" in their screen name are one and the same. anyway, i think you've illustrated perfectly the point i'm trying to make. it's easy to sprout off about how you'll be making a ton of money down the line, but the fact is, you aren't now, and probably never will. anyone seriously interested in becoming a successful trader is better off getting an education, working on Wall St. for a bit to make some decent money\contacts and then set up a fund. despite what you may like to believe, that is how MOST successful hedge fund managers (yeah, i know there will be exceptions) got started.
Umm, not exactly. Those guys didn't come in here with similar writing style and lack of originality as you display in every post, come in with less than five posts at the time, and even put "neutral observer" in the text. Once again your argument is weak and dull. If I were your superior reading this thread, I would be embarrassed by the weakness and lameness of your defense. You are displaying your Wall Street style to a T. Riding a dead issue straight into the dirt and never laying off, with all the originality, fresh thinking and flair of a dead cat. Just like you guys did with Enron, Worldcom, CMGI, on and on and on. This is getting really tiring. But it's my own fault for forgetting: your kind are the undisputed masters of sitzfleisch. I concede, Stat. You win. Congratulations.
Wow - I had no idea what I'd start with that question! Thanks for the info on the hedge fund industry. From the little I knew, I thought it was everything that mutual funds (which generally disgust me) weren't. I thought that the elite of the TA world worked there and brought in stellar returns year after year. In fact, it sounds like the returns are in general even worse than the mutual fund industry (which is hard to imagine!). So I guess I'll strike working for a hedge fund from my list of "Goals"...
Thats right darkhorse, he did win this argument. Your whole premise at the start of this thread was about how great of a trader you are and how you'd be making some ridiculous amount of money in the upcoming years. Well, talk is cheap. Stattrader put up real numbers, and looks like you've got nothing to show. Except a lot of empty words. When you do manage to make to the big leagues, be sure to let us known. I'm not holding my breath though.
let me guess.... StockMan is one of my alias's too. and as for your final comment, i think you've proved on more than one occasion to be the prick around here. anyway, i've wasted far too much time with this.... i'll leave you to dream on....
No, I think working for a GOOD hedge fund should be on your list of goals! The problem is that a lot of shady operators open up a small dubious $1-$5M shop and they call themselves a hedge fund. I mean baloney. It's ok if you start out small because everyone has to start somewhere. But they ddidn't even have the right trading,academic, investing background! There are too many smooth talking operator saying they are making 80% return for 9yrs like that one 23yr kid fund manger by the name of Yaggla(or something like that). And people found that he didn't do jack shit and spend his investors money on playboy girls,etc. Now, that's NOT a hedge fund. And the media likes to hype things up with a few bad names. The hedge fund universe is now like 6000-10000 funds. SO, of course, there will some bad apples. Just as there are bad traders at IB , bad mutual fund managers, or lawyers, or doctors, or cab drivers,etc. trader99
Is it my imagination or does this statement miss the main point of the entire debate? There is no free lunch. Watch your back, don't give money to slick characters or anyone you can't trust. Pedigrees don't mean jack, performance is everything (REAL performance obviously, not fictitious performance). Hey moderator, how about closing this thread before the endless loop starts again.
Darkhorse: Here we go again! I'm NOT saying that education is correlated with trading skills. Nope. I've repeated said that those 2 things are loosely correlated on this thread. Anyhow, what I'm saying is these shady operators had NOTHING. fake records. fake education. If you don't have an education or have less than stellar one then just go out and say it and raise your funds from your performance only. No need to lie right?! that's all i'm saying here... trader99
Ok. I guess that "don't trust liars" just seemed too obvious to be your point so I assumed it was something else. I for one am getting sick of this thread....