It is IMPOSSIBLE to make money in the markets

Discussion in 'Trading' started by Ripley, Aug 3, 2006.

  1. Andy Priston. Taking liquidity in FUTURES and making 8-figures year-in, year-out. Certainly your Master doesn't qualify, but Andy does.
     
    #161     Aug 12, 2006

  2. the ex-refco guy?


    does braveheart posess informational advantage to "take liquidity"? i'll ask him on tuesday.


    i do not have any master.

    thank you,

    surfer
     
    #162     Aug 12, 2006
  3. You're not familiar with the term? It refers to taking, not making, a market. He trades the EUR yield curve. Surfer, were you dropped on your head as a child?

    Uh yeah, if you consider a Bloomberg sub an "informational" advantage.
     
    #163     Aug 12, 2006
  4. Dustin

    Dustin

    What do you consider worthwhile? If you count six figures average with never having a losing month more than -$3k in 6+ years then count me in. At least I think I exist.

    Nitro thanks for the props!
     
    #164     Aug 12, 2006
  5. Skilled professionals making good livings exist in every field including finance.

    To decide that none exist because some of you folks are having difficulty is just silly.

    As I said before I am sorry that you (Ripley, Marketsurfer, etc) find the work so difficult. I suggest that you obtain good professional training. If you are unable to do so, if you cannot make a stable living in this industry, perhaps it is time to consider another profession. You can after all still participate in the markets as investors and perhaps with less pressure to perform you can make a better life for yourselves.

    Good luck

    Steve
     
    #165     Aug 12, 2006
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    #166     Aug 12, 2006
  7. Again you are incorrect. You seem to be making a career of that.

    Good professionals don't need any "advantage" other than their own skills. Reading your comment, it is clear that your own background did not prepare you adequately. If you had received proper training you wouldn't be suggesting otherwise. I don't really have a lot of patience for this bullshit....either you have it or you don't. Based on YOUR comments, you don't....

    and finally I am not really interested in your quality of life issues.
     
    #167     Aug 12, 2006
  8. Dustin

    Dustin

    For the record, I know i'm small time compared to a number of guys on ET, but most of them don't seem to want to talk about it. I get enjoyment showing the naysayers that it can be done with some effort and determination.
     
    #168     Aug 12, 2006


  9. without you having "informational advantage" your performance is indeed very rare. i am impressed!

    nice going,

    surf
     
    #169     Aug 12, 2006
  10. Exactly. Ask any successful discretionary trader what they feel their edge is. Invariably they'll not have an answer for you. Any monkey can exploit a information arbitrage.
     
    #170     Aug 12, 2006