I thought it is profit sharing and they actually place trades. You mean they take the other side of your trades?
Then, you do not know what risk management is. It is designed to preserve your capital. Those who have blown up have risked more capital than they had any business of risking. Like I said, it does not matter if you have $1,000 or even $100 million. Be reckless without regard to risk and you deserve to blow up.
Trading is a suckers game, but suckers differ in the degree of experience. Not taking responsibility, dwelling and feeling sorry for yourself. I seriously don't imagine how could one trade successfully with such mindset????
LTCM was a sham..Off the top of my head they were trading 50 to 1 leverage. Classic Salomon Bros circus act. Smoke and mirrors..
Sure, but you should watch more American Idol and AGT. There is the American dream, that anyone can make it. Hope, motivation, talent, endurance. Maybe it is only one out of 100K, but as Dumb and Dumber would say: "So you are saying, there is a chance?" Oh yeah, r/wallstreetbets is >>>>that way
That's loser talk. Find a proven system that's works for you and slowly compound. Its a rough game but there are definatally people killing full time.
rough game for sure. That is why you need to pick instruments to give you best fighting chance. Stocks, unless you buy and hold for long term, too many sharks to pick your pockets. CME products give you the best fighting chance. And you are wrong, small guys can get capital to manage. It just takes insane amount of work.
You remind of a person on this website from a few years ago who would say "95% of traders lose...they just lose"...He then went on to posting daily photos of his breakfast and lunch before disappearing. I think his name was EMG...is that you EMG?
The people involved in LTCM have made their millions. It was just a matter of incentives that pushed them to use excessive leverage. It's like greedy corporate, nothing to do with trading ability. LTCM knew how to trade.