Then you can eat the burgers yourself, and resell the cart. So with daytrading, you need some capital to invest. No. Even worse than losing money is wasting your time. Time you could spend earning a living, even if it's flipping burgers. Even with all the permits, regulations, etc. burgering is way easier than daytrading. Jim Simons is nothing more than a frontrunner! Tell him to post his trades real time in my post: I, crgarcia, posted profitable real-time trades. And I challenge frequent traders! http://www.elitetrader.com/vb/showthread.php?s=&threadid=202962&highlight=challenge So we can believe him! Most hedgefunds lose money. And most traders never make it to a (profitable) fund.
Even worth than that, an High Frequency Front-runner with insider tips who stuff quotes to push market to round numbers. He was flashing orders long before it was available. He also only trades commodities on the long side to increase hunger in the 3rd world and stocks on the short side to destroy Main Street savings. He won't post his trades on your thread because he lacks social skills, even on the internet.
you basically need 100k to open a lemonade stand.. all the permits, insurance, taxes... see the article below at how city/county food inspectors are shutting these businesses down. http://www.cbsnews.com/8301-504083_162-20012899-504083.html
Did you read the story earlier this week... about some poor schmuck being arrested for giving food to homeless people? The gendarmes said he "didn't have a food distribution permit"... no joke.
I've never seen any DOCUMENTED evidence that anyone has ever made a living from a burger stand, so following your own logic that means that nobody ever has.
BS as there are many small businesses who didn't have $100k. Sounds like free propaganda for free enterprise politicians. Yet more BS indeed. Millions make a living from food serving all over the world. In fact this may be the greatest industry in the world. You suck as a spin doctor, did you know?
I am doing pretty good with this one: <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2961893">
Serving food != Running a burger stand, far from it. Still waiting for that elusive DOCUMENTED proof....
A hot dog vendor was kicked from the curb outside New York City's Metropolitan Museum of Art last week for failure to pay his monthly rentâof $53,558. Pasang Sherpa was under contract to pay the Parks Department $362,201 a year for a stand on the south side of the Met's entrance and $280,500 for another on the north side. That's a lot of hot dogs. With rent astronomically high, how much do New York City hot dog vendors actually make? http://www.slate.com/id/2224941/ p.s. Those are not the most expensive rents either, there are carts that cost just under 600k a year.
You made 300k in your final year at Schonfeld ? Thats hilarious considering you were let go during the mass firing after the firm got clobbered. So I guess you walked away while you were having your best year. You are so full of shit. I guess things haven't changed. You used to walk around the office telling everyone you were trading huge size when in reality you were trading a few hundred shares in each position. You were a small fry there. I found it comical that you used to come by my desk and tell guys on the desk you were trading 10-20k shares of certain stocks when in reality you were a 500-1000 share guy. "300k...that was it".... In your dreams.