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for me it was one simple thing...I REALLY wanted to do it. I simply made the decision...deep down...like a religous experience. I decided to devote my life to it...and i do. if i get beat up....i simply will never quit...if i am paralyzed from the neck down in a hospital... I would still...

haha. hilarious. but i think that those responses define much more why so few people "make it". no offense...but they do. in this business oyu have to hit it hard...always, and really be on top of your game. if not, someone else is going to eat you lunch for you. let me tell you about...

in Costa Rica...there has been no slow down in residential or office space since the late 90s. prices are now ridiculous. places on the beach are approaching california prices...i heard a report of undeveloped beachfront land going for $2,000,000 per acre. in the central valley where...

profitable strategies come and go as the market changes. but the most profitable strategy is solid money management. i dont believe there are any "secrets" out there. if there are non-traditional ways of making money, it is just a matter of doing your home work and finding those ways to...

never...i would look elsewhere for problems.

i disagree...pros make mistakes, but not the same mistakes. the mistakes newbies make are 1. lack of planning 2. lack of discipline 3. lack of knowledge 4. lack of experience 5. betting to big 6. not cutting losers short etc. pros...make very different mistakes 1. Letting their...

gotcha. seems like things are really tilted in favor of the firms ower then? so it is better to be an owner than a trader me thinks.

then why exactly are in you a traders website criticizing a subject that you neither like nor care to aspire to? I am thinking your fancy education is not making up for your lack of common sense and social graces. Is it entertaining to you to be insulted? Do you like to insult people that...

dow jones newswire is a good service for this.

most are centered around the mean in any business. but it is not a matter of luck. a good trader a good lawer a good salesman a good parent a good GOLFER is all based in discipline and hard work...and a special mix of traits.. sometimes you have it and sometimes you dont. less...

i agree...last time i was in NYC..i visited an EM bond desk. 1. the head of the desk was a guy that went to some half ass school in jersey i havent heard of...he cleared $2mm last year. 2. there was a guy that just entered orders that other traders shouted at him...he went to harvard...

research, great. To each his own i guess. if you want to have do reports, presentaions, and work in a concrete jungle..then you are in the right field. I, on the other hand...prefer sales and trading...which has afforded me the ability to live in tropical paradise with zero debt and a 4 br...

Bloomberg and reuters dont serve much purpose to individual investors/traders. almost none really. for trading, any other retail platformis better. I use both, but i am institutional. My bloomberg is $1600 month Reuters is about $1200...but there are different levels of...

i dont understand how this has not impacted the economy?

you need to simplify... break it down to its absolute BASICS..then do the math. assume this...50/50 chance of winning... 3:1 risk reward ratio therefore if you are wrong 50% of the time (like i am...i actually i am wrong 58% of the time), but you have 3 time the average gain as loss on...

I am not prop...i am buy side institutional. there is a prop firm business model that i dont understand. in the prop shops that GIVE you capital (not retail...but you are using firm moeny to trade) i understand that they want lots of volume to generate comissions. however, if it is...

i like CNBC...i like the fast money guys...and most of the peronalities on the channel as a whole. i think they do a great job of keeping the market entertaining. however...the nicknames...are just too much. "the admiral" "the negotiator" "the wookie" "the old sarcastic guy" "the...

buy and hold ISNT trading. Buy and hold is fine..if you really can hold the right things, and keep adding to it month after month. the best think i could say for buy and hold would be... BRK.B...birkshire hathaway. basically one of the the most successful hedge funds of all time...

hi guys. here is my situation: 1. I work for a foreign broker dealer. 2. I was originally hired to run a speculative fund and handle a client or two. my abilities and knowledge grew that responsability immediately. 3. I am the only one in the company that was a broker and trader in...

well, i sold my house in the states and moved to Costa Rica...and yes i rent. But i rent here becuse it is 1/2 the price of buying, and i havent found a place yet that i would like to spend the next 20+ years. not to mention there is STILL a massive RE boom here...and i dont want to be...