Not sure if this is a troll thread or an inside joke but I will post anyway. Among the people that I know or know of, the biggest net worths do not belong to the smartest individuals. The biggest net worths belong to those that dumbly bought and held income generating assets over a long time span (decades) whether it be dividend stocks or rental properties. The only real brain power they require is to probably visually check 500 day moving average once in a while. They also seem to have unknowingly dollar cost averaged by putting in more money at regular intervals. So to get rich you don't have to be smart - just have to have an iron willed patience and have above average tolerance for risk/drawdowns. Then there's me running multiple trading strategies in thousands of lines of python/R code, doing literally dozens of trades a day, and a resulting net worth that is nothing to write home about.
Lol it could be troll. Or perhaps the op just didn’t know how. But hey how do you keep score. Net worth is the only score right lol. Perhaps the guy who dumbly bot has the higher wisdom beyond ‘intelligence ‘?
I know nothing about Dozu, but this is the anonymous internet, where anyone can claim anything. For all we know, he could be a guy in a cubicle who's dabbled in the market for years and lost money, but knows enough about it to sound legit. Or someone who inherited a small fortune and is slowly/quickly losing it to the markets, all the while thinking he's an expert. I suspect most (almost all) "full time profitable traders" here fall into a category like that. Ask him for sanitized account statements and some other 3rd party evidence of his trading success...or there's no reason to believe him.
I've never seen that thread. Interesting that a self-proclaimed trading guru hides his posting activity. I for one won't spend any time digging for his posts.
something fishy fishy here. anyway, don't bother to investigate what is really happening / who is really what / who use multi nicks .... Just trade and earn tons of money for our ownself
so you did find it lol.... nothing fishy here.... some guy asked a question, perhaps not the best way to create a new thread like that.. nothing to prove, and nothing to sell here... search my posts from 2001... have been here for ever, and I have another thread called 'are we gonna run out of shares' back in early 2016.... if you have a vision like this, and also a cash rich consulting business like I do, imagine how much you can make by going all in on the QQQ.. and along the way 'trading is easy' describes how I use price action / news story unfolding method to capture extra alpha. basically that's everything.
Okay, at least your claims aren't nearly as far-fetched as some on here. How much extra alpha are you talking about? If you can beat the indexes with any consistency for a few years--and have some good exposure--you could manage a boatload of OPM. Any reason you haven't tried that?
yeah thought about it.... but here is the thing... any extra 'boatload' of money is not gonna affect my quality of life anymore... life is simple and enjoyable... I get myself occupied with hobbies - tennis, golf, dirt bike... and now my daughter is in intercollegiate debate and my son is a pro gamer, I feel so blessed to watch them compete at the highest levels...and my consulting business is still something I like to do.... now should I take on OPM - that extra responsibility... extra logistics hassle, dealing with unhappy customers etc (there will be no matter how much you outperform lol).... doesn't seem to make sense anymore.
and speaking of which... here is an idea for anyone who wants to pursue the OPM thing - you know a lot of these so-called managers are actually closet indexers lol... but, you can closet index the NDX and you WILL outperform the SPY... so a few years ago I went all in on the QQQ for 2 reasons - 1 was equities were dirt cheap (and they still are today), the other was that 4-5 years ago there was no P/E premium on the QQQ over the SPY... historically there should be a 20% premium due to the higher growth rate.... so it was no brainer to go all in due to a 'double value pocket'. today the scenario is not that different... equities are still dirt cheap, and the QQQ premium is slightly under 20%. so if you closet index the QQQ/XLK for a few years, and you show people 'lookie here, I beat the SP bench mark for so many years, hand me your money' lol. with some fancy marketing you should be able to get some decent AUM.