Recent content by cityboy12

One more thing, yes ...I did 'trade' with millions of other people's money.I very often had a discretionary mandate and was actually quite good at it, precisely because I managed my emotions and always took a dispassionate view. Also, as a side note, in my opinion, there is something which I...

Thank you kindly. I agree with a lot of what you say. Sales, you could argue is the ultimate arbitrage (which is why I got good at it). I think a lot depends on your motivation. If I can quote Mark Cuban , a lot of people are 'wantraprenuers' when starting their business. They 'want', the...

Perhaps create a separate thread called 'Who is Surf?'....I have no knowledge of this individual or anything relating to him.

Very informative, The risk/reward on these investments looks very good indeed. Might be an idea to post a dollar/cost averaging simulation of how much you would have to contribute each month in these investments to become a millionaire.

Viewers, I want to thank you for your recent comments, they appear to be more interesting and thought-provoking than the attacks earlier in the forum. To contribute to this discussion. In my opinion, there is a clear difference between: 1. Having a positive passion (aka obsession or...

Hi, A very spiritual and emotional post. I hope that, instead of seeing purely the negatives, you see the positive, the opportunity and the warnings. Addressing the negatives can impact on your success. As an example, if you knew that climbing Mount Everest had a 9% fatality rate (which it...

In answer to your question, there have been 15,001 views on this thread so far. Of those 15,001, I suspect that a significant percentage have a full-blown gambling addiction and a further percentage have experienced stages when they have developed such an addiction in part or for certain...

I refer you to my post. I have made a distinction between a habit (a positive thing) and an addiction (which is destructive and can even kill you or others). Successful people usually have positive habits (a work ethic, or studiousness for example) but addictions, on the other hand, would...

Gentlemen (and Ladies). I stepped back from this forum for a reason I actually forgot. You see I have a habit. For many years, I have had a personal habit whereby I would never allow myself to be enslaved to any addiction. Whether is was alcohol, the internet, social media, certain people, an...

Viewers, This was my first post on Elite Trader and I was going to leave it to run for longer but I am posting my final assessment after just 12,000 views. I posted this thread because: 1. A while back I was interested in making a lot of money and doing it ethically. I am completely...

Than Thank you kindly for your post. I am sure the viewers find it very informative. I am away from my desk but some points to the above. 1. Start your exchange - assuming limited capital - but I can own a 'piece of the casino'? In fact, I bought shares in the London Stock Exchange for a few...

Zeno. I will present my conclusions later. I agree regarding the emotional, ad hominem attacks. But I really find this thread truly fascinating and more value than you might yourself see. Even the recent posts: 1. Steve Jobs dropped out of college - I refuted that logic with the Albert...

OK, at an airport...The point I am making is that to win you have to be on the right side of a risk/reward ratio. I actually like the analogy given by a previous poster of the trader 'riding a jetski through a slalom.' In my world, assuming it was a race, I would try to: 1 Rent the jetski to...

He lost all of his clients money. Happens all the time. But still got paid. https://www.zerohedge.com/news/2015-01-21/hedge-fund-manager-loses-998-9-months-tells-investors-he-sorry-overzealousness Another example. Hundreds of funds shut annually, there is a high churn rate

I have a flight to catch so I'll make it quick. Some light reading regarding survivorship bias. http://abwinsights.com/2015/03/26/hedge-fund-survivor-bias https://www.cbsnews.com/news/why-hedge-funds-are-like-the-undead https://www.cbsnews.com/news/5-reasons-you-should-avoid-hedge-funds/...