Hello KDASFTG, thank you for your nice post. LOL - your friend sounds like me. I am also stuck on the keyboard. I have found now a possible image "how it could be". But you are right, managing people is very different and difficult, than managing trades. I just wanted to know, how it could be, if i had to found my own company, and how to do it. Now i know. Thank you all. ------------------------------- After rethinking about this subject a thousand times. I still come to the conclusion, that the best for me is to stay a private trader and just do it with private banking with one or two big banks - there i can make all the money i want to make, without any problems. Most important for me always was and is, is to be independent. To be a free man. I dont want to be responsible for other people. Now i know and my plan is, to find a good woman, who does respect me and the importance of what trading is for me, and who does support me in my work. A family would be nice, so i will find my support there. Thats my way. I have read a book about a good trader who also does private banking in FX and trades from his home and he said, his wife is the best support he can imagine - a mental support. Thats what i want. -------------------- Thank you Best Regards, HTR
I wonder,how long the destination be when you are out of gas?Someone definitely stuck chillie pepper in your buttocks.
HTR, A good friend once told me this short story and it is very much in life and trading. If I was a lobster in a large bucket full of other lobsters waiting for to be cooked, and I climbed my way to almost the edge to escape all the rest and the pitaful endings of life, some sob would be tackling me to and pulling me back. Pain loves company. It is very much like that in this forum and life in general. MOSTLY, People don't want you to get ahead of them, and if you do, they will try to find ways to discredit you or steal from you. That's the way it is. I had to learn hard way like everyone else, don't let anyone in area in which I live to know what I do for a living, only closest of friends I knew before I became a solid trader. When anyone now insults me, instead of getting angry and mouthing off to them, I go the other way and stay calm, happy and DAMN glad I am not living their shitty life. I generally try never to insult, try never let anyone get my goat and just stay sweet to them, and I am glad I don't have their life. I have worked very hard at my craft, gave up much to get good, and now never have to worry about money again. Money don't bring happyiness, but being poor doesn't allow for much happiness either, I rather have what I have. The things in which are free often has given me the greatest happiness. Like going 2 weeks before Xmas and cutting down your own tree with snow falling and fricking cold out with GF, sharing one ice cream cone with GF, water ballon fights. I think from several years ago when I was more of an asshole, I have reversed cause I simply won't allow people to pull me back into the bucket.
Perhaps look to 'Tiger Cubs' and 'Tiger Seeds' resulting from Tiger Management (Julian Robertson) for advice on how to grow with other people: http://en.wikipedia.org/wiki/Tiger_Management#Aftermath_and_legacy
Handle123 Damn right what you said. Life is hard and people are nasty assholes. I rather would die than give back what i have made on my own. Money is the only true god of people. Money means independce - thats all. Having no money, means being a slave for some asshole with more money than you. Thats why i do it the private way. Life as an extraordinary person, like being rich, can be a lonely life. You can have many friends, but they are just like the money, not you as person. Well you can have the hottest chicks for sex and fun, but not love. I as a trader, have choosen this way a long time ago and it was clear that i will never change. I try to find some good people, who do not care about the money. To the old stupid saying: money does not make happy. I just say, nonsense. I am much more happy with money, than without any - and that counts for everybody - except some buddhist monks Best, HTR
Hate_ the_risk have to say that I'm in love with your posts.... ha ha..I'm not joking I mean it seriously You should hire a secretary to take care of your agenda, make your morning coffee etc...ha ha On a more serious note I'm sure that the answer for all of your question it's hiding somewhere inside you ready for you to grab it, so there is no need to ask advice. I see you as one of those who think outside the box always challenging the conventional way of thinking so you can rest on your own process thought on how to manage the company, just do it your way,if you follow this path. Make a business plan the way you imagine your business structure should be. Dealing with peoples is an art form so depends on your personality type it can be an horrible experience, so make sure you really want this thing. On a side note I'm interested if you can provide some informations about your actual trading business, I'm interested more on the brokers you are working with if I'm not wrong you trade mainly the currency and commodity markets, correct me if I'm wrong. all the best
Hi, thanks. Nice that there is at least one guy out there who like what i have to say. Yep, dealing with people is an art. I am very glad, if i can deal with myself - LOL. Yes i only trade FX and commodity futures. What do you trade ? I just wanted to know how other traders handle this and how such an company on my own could look like, before i throw the image away, it is always a option for me. ------------ My - Good Brokers for Retail Trading - List (i have accounts at 5 of them) (some of them, are only for clients in certain countries, but most are accepting international clients) Companies - Vision Financial Markets - Advantage Futures - PFG Best - Gain Capital (Forex.com) - Penson - Interactive Brokers - FC Stone - Rosenthal Collins Group - ADM Investor Services - R.J.O. Brien Banks - Barclays Stockbrokers FX - CitiFXpro - RBS-marketindex - DAB-bank.de - brokerjet.at - sbroker.de - comdirect.de - halifax My first choice for private banking FX is: - Credit Suisse - Julius Bär (there are many other good ones, like MB Trading. But this are the best in the biz, i think) Atticus would say, why the ***** do you have 5 Brokers. I would respond: man, because i must be independent. Just think about MF Global. If one Broker doesnt give me my money back or give me some other problem, i have 4 other partners to make money in my regulary way. Thats why "Independence". ---------------------------------------- Have a nice week. Money is waiting to be made - Lets get ready to rumble !!! Best, HTR
the same as you the currency market(the majors and few crosses) and commodity market(gold&silver and crude oil) although I consider gold not being a commodity but as a currency with the longest known provenances that we have. Gold is supercash. the same it's partially true for silver which has 2 personality traits:industrial aspect and monetary metal. See you in the market all the best