Where Are They NOW?

Hehe. Im surprised when I see postings on here about dreams of what people will do when they make it big in trading. The usual postings are about finding a house in Italy or France. Buying stuff for their family. These are very boring dreams in my book.

I like more of the rap-star fantasy. Cruising around with attitude, chicks, and all that.

Im surprised of what people do in NYC with their high-rise apartments. They dont leverage any of their status. If I was living in the penthouse, believe me, it would be leveraged. There would be young chicks, a group of flunkies following me around and then there is the Ferrari.

Ever watch that movie where the NYC stock trader gets to live a different life. It was with Nicholas Cage. His first life is driving around the city in a Ferrari and living in the penthouse with a new chick each month. Then he gets to live a second life with a house in Union, NJ and managing a tire shop.

I will take the Ferrari, the apartment and the babes. Thank you.

 

I"ll take the tire shop and the devoted wife and great kids.

 

I have that part of the dream. Its the trading part Im working on.

Just in the year that I have been on the board I cannot count the names that have come and gone. How many journals have started and fizzled out. Its a tough game.

 

He also started his own site.

 

You forgot to add: In these market conditions
Back in 1999/2000, volatility permitted excellent intraday profits....many dumb traders made it on luck.

Likewise, when the Yen Carry-trade event occurred several weeks ago, traders here were posting daily profits they hadn't see in YEARS.

Yeah, there is still opportunity, but you've got to acknowledge the risk-reward ratio has gotten less favorable as the VIX has dropped. With this, your strategies must change as well. If not, you're a "gonner". I suspect many of the "drop-outs" could not or WOULD NOT adapt.

 

do people leave or do they just start new accounts and change their names...?

 

I like to have my cake and eat it too, so I'll take the wife, kids, apartment, and ferrari

...but the kids wont get to ride in the Ferrari...but maybe they'll get it as a hand-me-down

 

Both!

Most either blow out their account or wake up one day and avoid the negative energy of this website.

suds

 

Never do a journal, next thing you know it's "if I stuck to my plan I would be down 10% but I lost discipline and it's worse" :eek:

 

We all want what we don't have or can't get and don't appreciate what we do have.

Let's see, what do I have.....?