Hey jerkoff, you're just some noob who is getting lucky gambling with his $10k while working a dead-end job & living at home with parents. So kindly re-read your arrogant douchebag posts, think about it and then STFU. Or else I will call your momma and tell her to spank your silly ass if she wants another tide on this disco stick.
see what i mean? a guy like this, you wouldn't loan $20 to put on the horses, he'd pick the favourite, or spend it on booze in some dive bar off the subway line on the way to the track.
I agree w TRYKtrader. There are allot of disgruntled "piker" traders in these forums. Daytrading is a very hard business. 90% of those who try it fail. With that said it is a great business for those that know what they are doing and execute discipline in thier trading and do not let emotion dictate your trading. If you don't know what youy are doing find a good mentor otherwise take it very slow. Trouble is that most independent succesful day and swing traders don't want to bother with mentoring unless there is something in it for them (as it should be). For those who do well at trading and don't need guidance find a good inexpenseive prop shop. They are not generally interested in training you as they make money clearing your trades (as it should be). If you want someone to hold your hand and afraid to go it alone then try getting a job at one of the big boys( GS MS JPM) just make sure you have your IVY league MBA to get anywhere.
thanks. i am not so arrogant as to delude myself i understand the chaos of the markets. two math geniuses somewhere figured out the math once, but that was after they'd been banned from vegas. who knows where they're buried now. look at a guy like roger federer. as emotionally disciplined as a tennis player can possibly be, and he still cries when nadal kicks his ass. "no player is bigger than the game." wayne gretzky.
Another thing to keep in mind is that the best traders ARE profesional gamblers. They look for an edge and capitilize on it when an opportunity presents itself. Same as a card counter does in black jack. The key is to place your bigger bets when you have that edge. Professionals Traders and gamblers grind out singles and cut losses quick. If you are looking for a home run everytime you trade you will fail.