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True millionaires do not need to come here to brag about being millionaires. I guess there are some millionaires here at ET....

Because the OP is a clueless moron.

Exactly. Some moron here at ET helps to pump the junk stuff.

That is what you stupid moron are saying. Whoever that guy is, he did not know how to make a speech. No one knew how much $$ he had and for how long. A lot people made $10MM and lost it all. It is so sad that there are still some dumb morons here at ET who still believe those fake people.

Sure Goldman and you can call whatever you want. It can be just self-fulfilling IMO. If you are right, you are genius. If you are wrong, would you say that you are dumb and called it wrong?? What matters is how much money traders make. I'm glad that some analysts called $80, $90 and $100...

We better listen to Bill Ackman to give interviews. Instead of the folks who have no clue....

Crypto has nothing to do with inflation or economy.... It will crash some day. TSLA will crash too. Cathie Wood will crash and takes her zillons $$$ to her retirement. You investors will hold all the losses. Look back at BYND, PTON and all the EV and green energy stocks. Also most of the...

AmEx Plat card is too common. Nothing exclusive. Loaded with junk or worthless benefits.

I do not see this discussed much. What are the credit cards that traders desire to have? The exclusive type, not the AmEx Platinum card that offers a lot of junk benefits with a high annual fee. I can think about the following: AmEx Centurion card. AF is probably too high. JP Morgan Reserve...

So Goldman monkey predicts crude oil to $90 or higher in Q4-2021? Citi predicts crude oil to $120 next summer. Bank analysts fuel the inflation too. They can say whatever they want.

Good luck with all those. All those Reddit trades are traps. I hold plenty cash.

Not at all. Crypto is on its own. It is not a store of value. Its value is not stable and does not move according to economic cycle. Crypto is an instrument of speculation. It is not a virtual currency, coin or money. No one knows where it is heading to. Its price can just rise or drop...

Gold has lost its luster as an inflation hedge. It is more of a commodity now. Central banks have stopped using Gold as store of foreign reserves. Gold is more linked to USD, not inflation hedge. I think in general, crude oil is a better inflation hedge than gold. During economic up cycle...

I would not care what others claim. It depends on so many things, like position size and instruments. Even some traders with 55% win rate can be very successful if the winners are much higher than the losing trades. Some large winners at the right time can be the deciding factor.

I think I like to hear what others are thinking and what other members do. ET is just a more condensed place than Reddit. It is too large and hard to keep track. What ET lacks is the breadth. The same hype posters keep posting and add to post count. Most time are garbage.

Well, both scenarios seem unlikely at this moment. We traders do not even care what happens in two years. We care about next two days, or at most next two weeks. Even without Trump winning, US oil production is coming up nicely. We'll turn to balanced market this winter since all Hurricane...

For the people who firmly believe this is impossible, here is a screenshot of my Merrill account YTD performance. No futures, no shorting. Only intra-day 3x or 2x leverage sometimes. You bet it is possible. With $73,334 YTD earning, it is very handsome to make a living in Egypt desert...

I pretty much agree what you said, though I do not get what % those top traders should be. I believe more Reddit traders are losers than ET traders probably. We do not have many members here anyhow.

No need for that. OP just asked a general question. He is asking if he can start with $50,000 and make a career of full time trader from there. Yes he can. But he will have to have an excellent start and live with a minimalist style.

So do you think he has the chicken or the golden egg? I do not think he says that he wants to live on his $50,000 from day one.