Fabulous Question!
@lescor
@Dustin
@Xela
Lescor and Dustin have made serrious money trading US stocks for many years. Xela wins trading FOREX and is wise beyond her years.
(A new poster named @Truth_ recantly showed up with 49 interesting posts. Will continue to read)
Since no one has...
Look jackass... if we could see who you are I bet we would find an insecure, not wealthy (tho he wishes he were), losing trader who likes to pontificate about things he does not understand well.
Yes, yes, yes!!!
Never try to learn from smart people who have put their ideas in a book.
And...
What percentage of NYSE volume is done on the NYSE?
15 years ago I think the figure was around 90% but I am sure that figure has been slashed dramatically.
Berkshire Hathaway:
Sharp folks with track records and clear philosophies (and not just Buffett and Munger).
Longterm plan to keep a culture of integrity after Buffett has gone; resting with the Chairman.
Leveraging the insurance float
Some diversity of holdings
There is a book written by a self-made billionaire money manager: The 10 Roads to Riches, by Ken Fisher.
Strives to impart the big picture with key details.
Marry well. Really really well... is one of the chapters.
I have played poker with Tommy many times over the years but not latley.
Once under indictment in many states he is now broke but still quite a character.
Tommy Vu.. I screw you!
Excellent Intel; perhaps you are with the CIA?
Almost anyone with close to a chance of being hired by Renaissance should apply.
Bonus: Thier mostly employee owned hedgefund (Medallion) is by many standards, the best of the best. Literally. Best total longterm returns and best risk adjusted...
Perhaps I do not understand what you are saying about bitcoin. If you own bit coin.. and I do not.. you do not have a double-up or lose bet.
Blackjack, as you know, is a beatable and interesting game. In Vegas we have a huge variation in rules and number of decks but a flat bet on our best 6...
Far too many for a beginner.
(As a weak opinion I will add that some on the list seem worse than worthless but time and efficient learning are my themes here).
Side note: I recommend going through the posts of, and following: Lescor, Dustin, Xela... decide if they are your cup of tea.
If...
Ar the end of the day, Howard sat on the BOD of Full Tilt Poker which stole hundreds of millions of dollars from its players. Howard was a 9 percent owner of the company as well.
Full Tilt took the players money and paid it out to its owners in dividends for over four years, along with passing...
However..
At the end of the day, becoming close with a winning trader is usually the best try and I don't mean paying a hustler for a trading course. This is extremely hard. For obvious reasons, most can never do this.
Mentors-for-hire are often hustlers with good fronts who will charge...
Put Lescor"s (Lescor) Elitetrader name in the search box on this site. He has many posts telling what he trades, how he trades, why he trades, who he is, where he trades- plus general philosophies.
Lescor has posts from 2001 before he developed his style through a hello post in 2017. You can...
Most prop traders never become profitable.
Few become seriously profitable and stay that way as trading situations change.
Most prop training is poor.
Office managers often misrepresent all of this and I have known a number who blew up trading, owed their firms money, and were working off...
Unfortunately 5 year ETF returns have little meaning.
Also, we all know it is "possible" to win at many things for five years without them being wise gambles.
One day way, way, way down the line, if you want to pull up high-leverage ETF winners be sure the list shows all of the ETF's that...
There are funds that do zillions of high frequency trades.
Medallion fund by Renaissance Technologies has crushed for over 20 years and they have made a fortune in this area. However, because they are beyond sharp, they do other things as well.
Ooooh.... we were talking about when using them as a long term instrument and you say:
How they are structured only matters for day-to-day volatility.
And
You speak of how the market has done over the extremely long time period starting at 2009.
_____
Are you trying to look like an idiot...
Oh... tut, tut... you are giving us your eyeball and charts secrets for free! You really should hold a seminar and charge money.
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It is clear you do not understand how leveraged ETF's are structured or what they are good for.
I suggest you Google:
Leveraged ETF's Good or Bad
Trying to...
Oh... you can look into the future and time the market well enough to outrun decay, fees, intrest paid on a 3x ETF.
Good for you. I won't pester you for you secrets but I will wish you all the best spending your future billions.