Why waste your time?

Discussion in 'Trading' started by Euler09, Nov 22, 2017.

  1. It’s fun when you’re young, but it gets old after you hit age 40
     
    #131     Nov 29, 2017
  2. volente_00

    volente_00

    Forget carpentry

    Go for electrical,plumbing or hvac where licensing keeps the illegal labor from dropping the labor price

    $100 an hour on your on

    Build a business with 5 employees under you and bill $100 hour while paying them $40
     
    #132     Nov 30, 2017
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  3. qxr1011

    qxr1011

    nice car actually (if one has not been spoiled by the quality of the western manufactured products). it always kept you in check - never know what will break next
     
    #133     Nov 30, 2017
  4. newwurldmn

    newwurldmn

    There are lots of good options.
     
    #134     Nov 30, 2017
  5. NeoTrader

    NeoTrader

    What's wrong with dropping the labor price? Don't you like to save money? "Legal labor" is just a way to keep the prices high, forcing the people to pay it and who gets this money? Government! For what? For doing more stupid s##t, like more regulations for labor...:D
     
    #135     Nov 30, 2017
  6. Xela

    Xela


    He did.

    Frequently.

    The problem tended to be that when other people either invested in them, or tried to trade them themselves, they couldn't get anywhere close to duplicating what was claimed and had apparently been "demonstrated" (apparently was the key word).

    So much so that the NFA fined him. He hadn't reported to potential clients that, while his own personal account was very profitable (a gain of over $900,000 in 1987), his managed accounts for clients had actually lost over $6,000,000. According to the NFA, unsurprisingly enough, this constituted "deceptive and unbalanced promotional material and disclosure statements".

    The following year, the Larry Williams Financial Strategy Fund was launched, followed in the year after that by the World Cup Championship Fund, managed by Larry Williams and three others. The 1988 fund lost more than 50% of its clients' equity in barely a year, and the 1989 fund also lost more than half of its original equity by May 1990.



    Actually - since you picked Larry Williams as an example - I do expect "those people" to broadcast their systems, and to "demonstrate" them - loudly, clearly and repeatedly: that's exactly what I expect them to do.

    Call me a skepchick, but I just don't expect anyone else to be able to make any money from them. :p
     
    #136     Nov 30, 2017
  7. themickey

    themickey

    Good to see you back posting Xela.
     
    #137     Nov 30, 2017
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  8. thaitye

    thaitye

    I've always been one to take chances
     
    #138     Nov 30, 2017
    bearmace likes this.
  9. Ain't that the truth!!
    And if the trolls could get this through their heads, they'd stop trolling, because they'd be too busy making money!
     
    #139     Nov 30, 2017
    Xela, lcranston and themickey like this.
  10. There's also that freedom and self-employed factor.
     
    #140     Nov 30, 2017