Is Trading Itself a Bad Trade? I Analyzed the Industry- Prove Me Wrong

Discussion in 'Trading' started by cityboy12, Feb 24, 2019.

  1. Schadenfreude and sheer boredom
     
    #71     Feb 24, 2019
    Nobert likes this.
  2. schweiz

    schweiz

    What you post is your opinion, but not that of the traders you are aiming at, so how can you speak for them?
    These traders might not be interested in attracting capital. It is typical that losers always speak about making/managing billions. If a trader makes really good money he might prefer less hassle and less annoying clients, no expensive administration (disclosure documents, CFTC, NFA, audits, clients going to court...), no security risk of staff stealing his know how...
    They might also have issues with it. Big money attracts criminals and can cause a danger for the trader or his relatives, and all this without getting anything in return.

    Good traders also have no ego, and even if they would have they don't need to boost it from other people, as you apparently don't seem to know.

    Read this story, that might be useful: https://bemorewithless.com/the-story-of-the-mexican-fisherman/
     
    #72     Feb 24, 2019
    Cswim63 and CSEtrader like this.
  3. Because I like to take the piss and find it amusing. Schadenfreude is always fun if a little cruel. Also I like being cynical rude and sarcastic.
     
    #73     Feb 24, 2019
  4. CSE trader...and now another one...you both sound very mystical :)

    I refer you back to my post about the 'Scientific Method'

    The moment you start talking about Yoga and magic you may be in a cult .. If you have been on the receiving end of any of the methods of the video below then you could be in a 'trading cult'... although my statement is 'tongue in cheek'...on a serious note you may recognize some of the psychological methods in the video.

     
    Last edited: Feb 24, 2019
    #74     Feb 24, 2019
    zenostiffler likes this.
  5. schweiz

    schweiz

    Maybe because like most traders (as they tell) he ran out of luck and lost everything?
     
    #75     Feb 24, 2019
  6. Ha ha. Sure. The fun thing is you'll never know whether I am a sad loser like most people on trading forums or someone who has had the sheer luck to make a few Bob and keep it. That's the magic of the internet - full of sound and fury signifying nothing.
     
    #76     Feb 24, 2019
  7. I was merely in the right place at the right time. Nothing I did involved any skill or trading. Its much the same for the hedge fund managers I know.
     
    #77     Feb 24, 2019
  8. My money would be on Zenostiffler :) The truth has a funny way of setting you free. Also, it helps you make decisions better.

    On another point, I don't expect to make many friends with the truth. But I find that the minority of people who gravitate towards it and who are not afraid of it...are worth knowing.
     
    #78     Feb 24, 2019
    Nobert, CSEtrader and zenostiffler like this.
  9. smallfil

    smallfil

    That. Not knowing how to short and also, not practising proper risk management. Optionsellers.com had control of how much monies? $200 million yet, managed to lose it all?
    Lack of risk management is probably, one of big reasons traders implode and lose it all! I will agree that some traders go as far as to believe that they can ignore the risk to their capital. If they do believe that they can trade without proper risk management----they are doomed to fail!
     
    #79     Feb 24, 2019
  10. CSEtrader

    CSEtrader

    You can do it again.
     
    #80     Feb 24, 2019
    zenostiffler likes this.