Stock/Option trader with 2 decades experience, Ask Me Anything

Discussion in 'Educational Resources' started by Pekelo, Mar 8, 2017.

  1. sle

    sle

    His average year is over 50% and his worst year is not even down 20%. He started at 10k and has been doing this for 19 years so say 25 million? Why does he need any income from his chat group and how it adds up to 10% of his income?

    I would imagine that best scammers do sound like honest guys
     
    #21     Mar 10, 2017
    JackRab and lawrence-lugar like this.
  2. JackRab

    JackRab

    He probably pays himself a salary or something like that.. but you are totally right, he's looking to drive a crowd to his blogsite/chatroom etc... and someone who has an alternative motive is not totally 'honest' in what they say or pretend to be.

    Plenty of those around here on ET.
     
    #22     Mar 12, 2017
  3. Pekelo

    Pekelo

    Because nobody ever withdraws money from his account for living and shit, right?
     
    #23     Mar 12, 2017
  4. sle

    sle

    Even if he was spending half of his take, still by now he should be beyond blabbing on redit.
     
    #24     Mar 12, 2017
  5. Pekelo

    Pekelo

    But seriously, I can make 200% on a 50K account, but if my living expenses are 100K, I only carry over the same 50K every year. And I didn't even account for taxes... I don't know why everyone thinks of exponential growth...

    Simple math >>> great expectations.

    Now I didn't like the idea that he had a room, but it is also closed for new subscribers, so there is that. Hey, I applaude him for doing the AMA, we should have it here too with all the 1000s of profitable posters... :)
     
    #25     Mar 12, 2017