Share your Rags to Riches stories

Discussion in 'Trading' started by iamnewuser911, Aug 18, 2015.

  1. Presuming much, Grasshopper.

    There are a gazillion ways to screw up... only a few paths to success.
     
    Last edited: Aug 20, 2015
    #61     Aug 20, 2015
    i960 and marketsurfer like this.
  2. Lol! ET makes/made those numbers on a monthly basis.
     
    Last edited: Aug 20, 2015
    #62     Aug 20, 2015
  3. EPrado

    EPrado


    "It is kind of boring though, just waiting for setups every day."


    In my humble opinion, great trading can and will be very boring at times. A major part of the game is discipline. Those with discipline will wait.....and wait....and wait......then strike when it's there. At the end of the month I don't care if I do 5 trades or 50. This thinking is not for everyone and believe me sitting and waiting day after day can be brutal at times. But you have to do it.

    Now I am not saying that guys who do a ton trades a day can't make it. But in my experience the ones who over trade really don't get too far. Then when you figure in costs they are making much less.

    From what you wrote you seem to be on the right path. Good luck man.
     
    #63     Aug 20, 2015
    K-Rock and kinggyppo like this.
  4. Lol! I met my Dr on elite trader. I bet no one can match that! How creepy, but it worked!

    surf:)
     
    Last edited: Aug 20, 2015
    #64     Aug 20, 2015
  5. To the best of my knowledge ALL of the ET trading true success stories are from prop shops. Maybe i am wrong??
     
    #65     Aug 20, 2015
  6. ktm

    ktm

    I never prop traded. The others I know here didn't either...maybe a bunch did...but not us.
     
    #66     Aug 20, 2015
  7. JTrades

    JTrades

    Are you KT of KTM (hedge fund)?
     
    #67     Aug 20, 2015
  8. Was opm needed and what do u consider success in the markets. Thank you. surf
     
    #68     Aug 20, 2015
  9. ktm

    ktm

    I am not KT of KTM.

    I took opm just as a natural progression of growth. It was fun for a time, but I will never do it again. The people were fine - I didn't have any pestering types or anyone that wasn't good to me along the way. The issue was the giant personal burden of losing their money. I just never want that feeling again - ever.

    I've never really had a feeling or definition for success in the markets. I've always kinda felt like I have this relationship with the market that will run my entire life. Like any relationship, some years are better than others but as long the market is here and I'm here - we're going to do this dance for many years to come.
     
    #69     Aug 20, 2015
    EPrado and Soon2Bgreat like this.
  10. That's poetic.

    Eminem has a song called 25yrs to life - it's about his relationship and love for music. It reminds me of this sentiment...and of what you get if caught trading on inside information.
     
    #70     Aug 20, 2015