You guys blowing out your accounts left and right

Discussion in 'Trading' started by Saltynuts, Mar 20, 2018.

  1. Neuroway

    Neuroway

    Top has many meanings. And one of them (highly customized to your personal taste) is inside your own head. Traders who manage billions are institutional traders. They are told what to do with the money they manage by their managers. Lots of them, as soon as they're left on their own, don't know what to do. They are not top traders for me. A top trader for me is someone who can turn $1,000.00 into $2,000.00 in one year or less, time after time. Or $1,000,000.00 into $2,000,000.00. Quantity doesn't matter. Quality does.

    Trading is a sport at the Trading World Cup. Because quantity doesn't matter. In order to win, you need performance. You make 1% of one billion in one year and you lose the cup. You make 200% of five thousand in one year and you win. That's about the intellectual sport. Not the quantity of money you manage.

    Quantity doesn't make anyone the best. Quality does. You can build billions of 45HP 1340cc underpowered and noisy Harleys. They'll never win a quarter of mile next to a 200HP 1340cc Suzuki Hayabusa. You can build millions of F-150 trucks. They'll never outrun a single Lamborghini.

    You seem to have lost your compass between quality and quantity, sle. Isolationism is not good for the brain. You need to catch up a bit with the world, man.

    As for Xela, she was one of the most courteous and well educated posters here. I don't have time to read all her story in her posts, but I find it a bit strange that the had problems with the admin.
     
    #131     Oct 7, 2018
  2. sle

    sle

    Actually, in the long run it's quantity that matters. For example, the guy working at a local bodega is turning zero capital into $15 every hour. That's infinite return on capital yet I don't see many people envious of him.

    Dude, I never had a compass. My motto is "if you don't know where you're going, any road will get you there" :)
     
    #132     Oct 7, 2018
    dealmaker and destriero like this.
  3. Neuroway

    Neuroway

    Reductio ad absurdum. The guy working at a local bodega is not a trader. He's a worker. We are talking here about the intellectual exercise of making money with money. I thought it was obvious.

    Actually, in the long run, it's quantity that matters for you. Not for me. I always had a compass. Always knew where I was going and why. My motto is: "If you don't know where you're going, stay in your bed. Because once you hit the road, you realize that it's dirty, long, that there are dangerous curves, tough climbs and rainy days."

    Actually, in the long run, it's quality that matters for me. And I don't need to live a thousand lives and die a thousand deaths to realize this.
     
    #133     Oct 7, 2018
  4. You do know she was a he, right? An unlicensed psychologist from Leeds. Her true CV's been posted, no impressive academic credentials to speak of. "She," and her multi-nick sock puppets, were banned (from ET and many other forums) for running a multi-forum fraud targeting the credulous.
     
    #134     Oct 8, 2018
  5. I honestly believe, that there is not a single profitable trader on this forum.
     
    #135     Oct 8, 2018
  6. Care to give the full story?
     
    #136     Oct 8, 2018
  7. themickey

    themickey

    LOL, thanks for telling about yourself.
     
    #137     Oct 8, 2018
    smallfil and monet like this.
  8. destriero

    destriero

    Merriam-Webster has a new definition for irony.
     
    #138     Oct 8, 2018
    speedo likes this.
  9. destriero

    destriero

    All of your posts are geared towards reinforcing your belief that since you've failed that it's a universal constant (failure). Your "opposite" threads, etc. Bro, get a job.
     
    #139     Oct 8, 2018
    monet and speedo like this.
  10. Strange, everyone that responded to my I'll take the other side post lost money and I made money. I'm just stating my belief that there are no profitable traders on elite trader. If I'm wrong, there's a simple way you could prove it.
     
    #140     Oct 8, 2018