absolutely agree with that : But the dividend part... Nahh Or yes, that's right, but those are 2 diffrenet aproaches presented as one in your comment, please correct me , if im wrong (?).
Schweiz...your response doesn't make sense. There can be advantages like attracting capital, emotional rewards (like an ego boost) from showing a P&L. If someone is 'for real' they should have no issue with showing you the objective numbers. I am not talking about their trading strategy (that can be a trade secret) but their risk adjusted P&L. This is the basis of 'The Scientific Method' - I have replicated this below. Otherwise we can believe in anything. Here are examples: 1. Magic exists, however, I cannot prove it to you as true sorcerors will never show you their sorcery as they don't want to waste their time as they are busy casting flying spells and conjuring up palaces in the clouds. 2. Aliens exist, however, I have never seen one and there is no strong evidence in the whole of history of them having existed but I know somebody who said he has seen one (but he has not shown me evidence as he is too busy). 3. I am a magical sorceror but cannot display my sorcery to you because I am so great and mighty. However, I can teach you how to work magic. If you pay me more, your magic may get better (you have never seen my magic but can take my word for it). After you pay me, if the magic does not work ...it is all your fault. However, you can pay me for more training and if it doesn't work it is still your fault. 4. You cannot work magical spells because you do no believe or have enough faith. I cannot show you my magic because that implies you do not belive or trust me. 'The scientific method is an empirical method of knowledge acquisition, which has characterized the development of natural science since at least the 17th century, involving careful observation, which includes rigorous skepticism about what one observes, given that cognitive assumptions about how the world works influence how one interprets a percept; formulating hypotheses, via induction, based on such observations; experimental testing and measurement of deductions drawn from the hypotheses; and refinement of the hypotheses based on the experimental findings. These are principles of the scientific method, as opposed to a definitive series of steps applicable to all scientific enterprises.'
To what end? Posting an audited 1040 here to prove to you that it can be accomplished? There are a couple threads on here where traders were posting their IB Portfolio Analyst output with audited (by the clearing firm) performance. Other threads with other front ends posting PNL. Perhaps you should read those threads. Someone provides performance figures -> ostensibly you agree that they're legitimate -> you propose that individual will mentor your sorry ass? Yes, a fantastic opportunity, for an oxygen thief. Go fvck yourself.
George Mallory was once asked why he wanted to climb Everest, his reply..."Because it's there." I guess there's no stopping some people buddy.
Why do you think I am 'sorry'? Sounds like an emotional response and not a search for truth. I have evidence to the contrary. Logically, I am sure some of these individuals have a profit motive/self-interest? If I gain a skill that is worth $x over y years then I (and many others) can invest £z in the knowledge/time to return $x. This isn't a collective hive mind of successful traders who automatically reject everyone who does not breathe their rarified air.... but rather individuals of different ages. sexes and backgrounds. Some of these individuals should see the personal benefit of mentoring or coaching. However, my overall argument is different...it is that (should these individuals exist - and I think a tiny few do, in fact, exist) the $z will have a better pay-off over y years in other investments in terms of time and money with a better risk/reward ratio. In other words, a 'different trade.'
2:41 JFK says something simillar, chills each time. The vision and hard choices. Count me in. And yes there always be those that don't understand us, but it matters not.
I just saw the film. A lot of emotions, vision and hope without much effort on my side. Easy to sell to the masses. I like feelings as they make me temporarily feel good just like music and chocolate does. Unfortunately, facts don't care about feelings. I tried paying my electricity bill with emotions, visions and promises once and it didn't work. When evaluating business models and trading I try my best not to use feelings.
Is Trading Itself a Bad Trade? Well everyone would like to sail a boat to Fiji or wherever. It requires a lot of skills, a certain mind set, & unconditional persistence to make it from a novice learning how to sail to piloting a course across the ocean & leaving port with you at the helm as the captain of your ship with nothing to rely other than your navigation charts and problem solving skills. For those that set sail on that dream voyage there was nothing that could have stopped them.
Yes, more than money I think. Trading is so primal ... You against(with?) the market (yourself?). No BS, no excuses, only the hard cold truth.