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storm clouds are looming above and u hear thunder. it begins to rain. it will continue to rain until it isn't raining anymore.

i agree that fortunes are made on larger waves.

u guys realize that half the whores there were once men.

you could charge whatever you want as long as there's someone willing to pay. some funds charge a >40% incentive fee and no mgmt fee. there are multistrategy "funds" i know of that pay out PM/trader >60%.

the denial is deeply rooted early on.

first of all, skill is an ability. this thread is an interesting one, because there really are two fundamentally different approaches to this subject. our current educational structure teaches children early on that success is possible by all, by means of obtaining some edge. you can...

this assumption is invalid because it assumes that everyone's skill levell is equal. it isn't. the market is not a simple meeting of clones.

I think this entire thread shows how the vast majority of traders were never actually "trading" but basically sticking the subway token into the toll booth.

Does Tiger have an edge over his opponents because he's more skillful?

to complicate matters further, some people are born with a talent. ie higher spatial concepts and symbols. what if vast majority arent able to perceive the same thing. is that an edge or skill?

yes, and that is why people trade equities.

you mean like a room full of h1b immigrants wacking bids with bullets on some microcap stock. LOL. I see your point. So the only way people can make money in equities is by exploiting some gray loophole or "cheat".

You can take two traders with the same t/a and instructions. Buy 100,000 shares XYZ today. One could be up $50,000 and the other down $50,000 end of day.

Sure it is. Your sample size at MavCo, LLC may just be the status quo.

what on earth are you talking about??? accumulation and entry point is a skill. and 90% of the game.

this is why i don't frequent downtown bars anymore.

i'd say they're understated. media presents a doom and gloom scenario whenever they can.

maybe successful traders don't want to talk to people, cos people are noise, and source of confusion.

japanese housewives are smarter than professional currency traders. ha.

for one, turn off cnbc and don't listen to anyone. more than ever, it is noise and confusion.