What is the size of the fund you manage and how was it for you, making the transition from managing your own money to other peoples money?
I don't yet...but it's what i am aiming for. My point being either run a real business or you in for high stress. Rel business have access to credit for those down years, take very low risks etc...most "trade from home types" are back at work with one poor year....how is that a successful business? Forget retail........................FORGET IT. Poisenous, vile and ignorant.
Ah I thought as much, but you want to talk like a bad man! Knuckle heads and dumb smucks! Do you consider someone who opens a local store to be a knucklehead because they did not open a super market chain? If someone can make it from home taking risks, good for them, there is nothing dumb about trying to better your lot in life, not every one has the time the resources the skill or the need to become a big shot manager, yet if you cant master being a dumb knuckle head home trader, your chances of becoming that super fund...well..may as well aim for the moon with your pee.
Globally nearly 90% startup business fails. Only 10 out of 100 sustain and last. Its high stress and a massive faluire rate either way in the majority of businesses you can choose, if you cant get by in retail with your own cash and no stress caused by handling the funds of creditors, forget it.
70% win rate at RR 1;1. I believe my odds are better than 70%. Broker does not get much satisfaction as I do 20 trades a year and spread/commission is on average around 3% of the risk per trade.
You do how ever need authority to state the above which you sorely lack. It is not easier or less stressful to run a fund than it is to trade your own retail account and the majority of people are never going to be in the position to open a fund due to capital skills and training. Your advice is beyond useless. Your retail Nay business is the Only way attitude is nothing more than your own failings and looking towards what you think to be the holy grail. Not having a boss and being in control of working hours was a simple requirement, I will leave the "dreams" to you failed trader wanna be fund managers...
oh for Pete's sake........are you the resident "DR PHIL"? what makes you so right? Seems like a huge contradiction. never mind..move on.
Not having a boss and being in control of working hours was a simple requirement, I will leave the "dreams" to you failed trader wanna be fund managers... -------------------------------------------------------------------------------- R.O.F.L. i'd rather try and fail than trade a small account from home. It's called running a business. Each to his own. If you are happy with no dreams,goals...good for you. Avoid any let downs i guess. Ambition- It's not for everyone.
Tell me, how am I wrong. That is nice, thanks for telling us. What you want to do, what you would rather do, is irrelevant. What you are capable of doing is all that counts and judging by the toxic corrosive hateful attitude you spew at all things retail including the people who trade it, you aren't so capable when it comes to trading in that area, an area any aspiring fund manager would have down like clockwork by the time they take their first steps. But we are back to the Surf attitude: "there is nothing to lose when losing (oh I mean trading) other peoples money, so go on, treat the market and a role of immense trust and responsibility like a remedial activity's day, as a platform to express your ambition, it does not matter that the most basic entry level of the market twisted you so bad you boil with rage, every ones a winner!