"I Worked on Wall Street — No One Knows Anything"

Discussion in 'Trading' started by Frederick Foresight, Jul 21, 2025 at 9:52 AM.



  1. The wonders of narrative fallacy? :D
     
  2. 2rosy

    2rosy

  3. wxytrader

    wxytrader

    It's long been established that retail are the greatest traders.
     
    MarkBrown likes this.
  4. zdreg

    zdreg

    Here is Wall Street in a nutshell from the classic book: "Where are the Customers' Yachts?"
     
  5. Good Morning Frederick Foresight,

    If he worked on Wall Street he should be rich and enjoying life, NOT making YouTube videos .

    Anyone making videos on trading for YouTube is a scammer and liar and failed poor trader.

    Millionaire traders do not talk to people. Too busy enjoying life.

    Everyone making YouTube videos show other people how to make money is a Liar and Scamming.
     
    Last edited: Jul 21, 2025 at 2:23 PM
  6. Wall Street people don't really trade...they, rather, just manage risks. Kind of like how insurance companies operate. And how casinos operate.

    And everything on social media is compete shit... nothing but Hype, vanity, ego and greed Galore.
     
  7. Businessman

    Businessman

  8. nitrene

    nitrene

    Just read Malkiel's A Random Walk On Wall Street (1973). He ran a test and monkeys throwing darts beat wall street analysts. Remember the jokers in the late 1990s like that scammer who started Business Insider?

    If you read Michael Lewis' Liar's Poker the people who worked on Wall Street back then were just humanities majors from the Ivy League and Northeast Prep Schools. Of course the book was about the late 1970s/early 1980s culture at Solomon Brothers.

    Funniest thing in that book was his anecdotes about after working like 16 hours a day for 6 days they would all go Las Vegas to gamble away their money and then come back early Monday morning to work. They would be all coked up since they still bleary eyed from no sleep.
     
    beginner66 and Picaso like this.
  9. Cabin1111

    Cabin1111

    The few times I have greatly moved the market, I am very proud of it!!

    When I (and 11 other people in our company) developed a bread to cure people in the whole autism spectrum, that was a big winner.

    We developed a bread called Pumpernickel (PUMP)...Stock is on the Budapest Stock Exchange.

    I don't know why it moved so much (maybe because we added some rare earth elements to it...Lithium)!!??? We did have some people's bowels catch fire in our single non blinded test...I just think our competitors were jealous and tried to sabotage our results!!

    We couldn't figure out if it was the Russians or the Ukrainians that were doing this (though drones were seen it the area)...

    I do know my one to two lot trades (posted here on ET) will send stocks into the stratosphere...

    Well gotta go...Reddit awaits!!

    I have some Hertz options I need to arbitrage...