are you attempting to flatter me? joking put to side....you seriously need to get off the boards and come back with a different screen name if you want to participate while not being a waste of time gsc jackass lastly that flow chart image, its a wonder emg spent so much time on that. geez. sorry emg
Not sure if you are EMG, but I have to admit that you are right, I been through the same path before and this is the one (at least the one that I know) path that really work. You learn so much when you are with them, and at the same time, you have opportunity to save money for your future trading capital. You need at least 500K capital in order to trade with reasonable risk, with about 15-20% return a year. Start from 10K to 10 million ?? The chance for this to happen is not any better than winning a lottery. This is only the dream from the loser (like Small Bicycle), those snake oil sales man that try to sell you something, hedge fund Mgr, your broker / market maker (beware: a lot of these type of people in ET). A secret to share, even with a team of 100 PhD from HARWARD, they still can't make 10K to 10 million .. Market is random .. try a random generator and you still get the same chart as S&P500. -> This is the holy Grail.
i have done both. Harvard clowns are a dime a dozen and they cannot trade their way out of a wet paper bag. -1 s
emg, seems to me you were posting calls on the ES journal a few years back, i.e., you are a retail trader. Putting that together with your blowingup story which I assume is true, then I guess: (1) you don't have the requisite higher education to make it in trading, (2) you blew up your account and ended up in the 95% loser category. I suppose it only makes sense. People who have the "traditional qualifications" rarely belabor the point. They know it takes much more than just a line in the education section of your CV. In fact those qualifications only help to get your foot in the door (and there are many routes to getting your foot in the door) -- the rest is all about hard work, ingenuity, skill, knowledge, and of course politicking. People who don't have the qualifications often make that their focal point in their explanations as to why they couldn't make it in the field.
" To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money. .........." Salomon Bothers ran the same style shop. the culture was to offload all the crap to the client and rack up a big bonus at year end. pretend to sell value to your client and dump the garbage in his account with a fat spread. pure bullshit. " Liars poker " by Lewis who worked for the lads in the 80's, chronicles the entire culture and mentality of Wall Street. you were either a " grunt, wimp or a Big Swingin' Dick.........." nothing has changed in the past 40 years except there are more zeros on the end of all the numbers. " Wall street has a grave yard at the top, a river at the bottom and kindergarten with the kiddies in the middle......" Bozzo the clown is still in charge and pulling the levers. cheers, s