Better tie up a measly $50K to earn $1M/year! That's what nononsense would call 'anyone getting rich out there'.
Oh no, say it isn't so! What is that "Master Day Trader" book by Velez and Capra doing on your bookshelf?! :eek: http://www.elitetrader.com/bo/index.cfm?action=view&B_ID=4&CatID=1
I'm glad to see comment about the washout rate being just as high in many (or maybe even most) other professions ... i'd have to say it's true ... and almost always overlooked when telling newbies how hard it is to be a success in this game
wow! how did you know. actually, you got it wrong. i trade at a prop shop cos its somewhere warm to sit in the winter months, and there is free coffee unlike the community library where i used to go. they let me play this video game as well - havent got the hang yet but i think its todo with numbers. good luck 'bangin bitches'. you come across as a very intelligent, suave sophisticated individual with loads of charm, so i am sure you will have lots of success on the boat with your 'bitches' too. you deserve each other. hope you dont get done for cruelty to animals.
Can I write a small book with all the posts in it and sell it for $2, its guaranteed money And a reason to use my inkject printer. Can you guys please continue the conversation and make this thread 50 pages
Terrific recitation. It fits into topic 6 for ftrader. You point out how the minds of important sports player contributors work. You make the point of how, in a person's carreer he goes through the process of getting to "sports memory" which, for traders, is where the best of he best operate. ftrader has been brought up along a path that gave the results he tells us about. He has shown us that his audio and visual sensory input cannot be processed by two of the three mental centers that are useful for the transition to the third arena: "sports memory". He processes mostly in the most remote part of his brain from the "sports memory" part. Why? Because he is not using even his short term memory to assimilate the dialogue here. he is still slamming ET generically, whycan't he move to a place where he can change his tune, if for no other reason, to a differing vantage point? He is mentally stuck, developmentally speaking. He has built an internal mental computer that is now immobilized. The visual imagery he uses cannot be changed it appears. Try rippling through the pictures of the wide range of computer set ups that have been posted on ET. Few of them are what he describes. To go from the normal knowledge and skills acquisition parts of the brain to operate with short term memory, cogently is not the most demanding but it can be for people who are getting to the point of being wasted. To go from short term memory facility to "sports memory" is a challenge for anyone; just look at who doesn't do it regarding the market. Those who do often give the bottom line illusion of "tape reading" to stae their facility of handling salient market info flow. Randy throwing with "heat" does not phase Bonds. At 100mph, the 90 feet is not the issue; the issue is strategies of two people whose ways are mutually understood. The Shilling/Bonds match is more comprehensive since Shilling does baseball TA. Shilling plays more BB than almost anyone since he uses technology to prepare. He mkes up for lost time heritagewise. If you watch a player who uses both auditory and visual snesory input as the Chicago great did in basketball, you get to see the supreme result of practise that is "uncoachable" because of the way the player's brain has been built into a matchless entity. ftrader is busted mentally because he has trapped his brain and subsequently his mind in a place from which he cannot retrace his steps. Why did he go the way he did to get to where he is? as a have not, he felt he "needed" to conquer his deficits. Well he paid a high price. Do you think he can handle black diamonds after a night on the town? I don't think he has even replaced his skiis lately.
My point is this, even if you can't trade, and earn a mediocre return, you can still make more than the average annual salary of most people by trading for a few hour a day. As a prop trader, you certainy don't have to tie up 1mm of your own capital. How about using 25 or 50 k of your own capital, now that return starts to look pretty good. What is more rewarding than calling your own shots, being your own boss, and a self made man? Nothing IMO! Good trading to you! Mike
You guys are wrong. It all depends on the trader. I'm on track for my best year since 2000 trading NYSE only. Not to mention the upcoming changes in the uptick rule and expansion of NX which I think will only add to my bottom line.