To successful traders, why haven't you quit yet?

Discussion in 'Professional Trading' started by Sure Chap, Jun 20, 2016.

  1. J_Smith

    J_Smith

    Never heard of him, is he german?

    J_S
     
    #41     Jun 21, 2016
  2. J_Smith

    J_Smith

    Two countries destroyed the lives of countless generations, and if you do not know who they are, and how, then the schooling you got leaves a lot to be desired.

    I was gona say 26, but now I am thinking 16:rolleyes:

    J_S
     
    #42     Jun 21, 2016
  3. He is probably one of the most successful hedge fund managers of all time, and probably is/was the best emini trader all time. In his prime he would make over 1/3 of the funds return by tape reading the emini market. Google him, he lives in Greenwich CT.
     
    #43     Jun 21, 2016
  4. I migrated away from being chained to monitoring price movements, to investing tactically in the long term growth of companies / sectors using ETFs with a couple transactions a year. For the effort, makes about the same return. Frees up time for other pursuits.




    - Don't quit your day job
    - Don't use leverage
    - Open a Roth IRA
    - Sometimes money is made by sitting in cash
    - Don't be a hostage to the markets
    - Let the markets, profitability of the U.S. economy work for you
     
    #44     Jun 21, 2016
    Handle123 likes this.
  5. Handle123

    Handle123

    Actually am very happy some want to buy those expensive cars and jewelry, and will tell them how good they look, and it is far better to own the car lots and jewelry store then after the mark up, ROFLMAO.
     
    #45     Jun 21, 2016
    m1nt likes this.
  6. newwurldmn

    newwurldmn

    There is a story (I can't find the link) of a reporter sitting next to a billionaire hedgefund manager at a dinner.

    Reporter says to HF manager: "why do you keep trading? Once I made a 100MM, I would retire and enjoy life."
    HF manager retorts: "that's why you will never make a 100MM."
     
    #46     Jun 21, 2016
  7. qxr1011

    qxr1011

    they do not work for some one else, if they do - forget theirs success
     
    #47     Jun 21, 2016

  8. How do you know he is in the euro time zone? he made that post at 19h31 Eastern ?

    @conduit
     
    #48     Jun 21, 2016
  9. Do you realize it takes very long time to build a big account to the point where retirement is an option?
    A trader who starts with a $10k account and averages 2.5%/month will take over 15 years to reach one million dollars. The best thing this trader can look for is working for a hedge fund or something similar, making $100k+/year and investing at least 20% of his income into a diversified portfolio and funding a personal trading account.
     
    #49     Jun 21, 2016
  10. conduit

    conduit

    He made that post 4pm HK/Beijing time zone which is currently 4am EST making it most likely he is based in Europe.

     
    #50     Jun 21, 2016