Search results

Credit cards are a very useful tool if you use them properly. I have three of them with staggered due dates. One is for an emergency. The other two are being used constantly for absolutely everything I can get away with. I almost never use cash now. As I spend on one credit card, I'm paying...

Bwol, you've been living with your mommy since 1998. Did you ever leave home? What mental health issues are you dealing with? Sounds like self-esteem and depression issues. You got your priorities turned inside out. Lose your obsession with winning big money, be a man, and stand on your own...

... would I trade my beautiful wife and little girl (baby #2 due in June) for all of that? Not a chance in hell!

Are you living in Mommy's basement? :D

I can't for the life of me understand how you can have lost money in 2013! Poor Lowbwol!

Tithing is a Sunday morning ritual in most cases. Last I checked markets are not open Sunday morning. Nice try! And why is the lady who boasted about $400/day on $10,000 capital talking about tithing? You're either not being honest or you have an intimate relationship with Satan! :D :D

God is giving by nature. Doesn't this describe 98% of all traders on ET. Giving their money away! Pretty convincing proof!:D

lol. You can have the biggest dick in the world, but if you're shooting blanks what good is it to you? :D

If one's goal is only 12%, stick your money in a growth portfolio consisting of ETFs, and leave it alone for the long term. Spend your new found time in a real job or develop new interests and skills.

Maverick, if you do indeed have a firm, if you are by some fluke my former boss, than you know as well as I do what you expect of traders. I stand by my statement made earlier: when I was hired I was told I needed to earn $2000 in one month trading stocks with no more than $10,000 of capital...

In fact, the expectation at the prop firm for graduation to next stage was 1%/day on only $10,000. NO leverage. Only a few accomplished this goal, but it was doable. As is true in the general economy, its all about the velocity of that money - how often its used.

You guys are in a different world. If you've worked in a prop firm before, you would realize that 1% a month is just silly. 1%/day is what is expected. If you're trading an account actively with the hope to achieve only 12%/yr, you're wasting your time. After accounting for the income tax...

That isn't really what I meant. I am only suggesting that this minimalist approach over the long run won't work. You need to be shooting for the 500%+ in a year for a short period of time and than moving on to a longer term approach to money making in the markets. Grinding it out at 1%/month...

I think believing in a human centric God in a universe as large as ours is outrageously silly. Am I right just because I believe its silly? That's what you are stating when you say that 1%/day is impossible. It may not be common but it certainly isn't impossible.

No, recognize your edge and seize its advantage for as long as you can. Then cut, and run.

Who claimed its easy?? Can you prove that it is impossible to earn 10%/wk for two years"?

I also find it funny to see this comparison on this forum all the time. How one "trades" a large hedge fund and how one trades their individual account is fundamentally different. You're comparing apples and oranges. Think of it in this way: If a person earns $50,000/yr income, what is...

While I worked for a Swifttrade offshoot, the expectation was 1%/day. Whether or not you can produce this result consistently over the long term isn't really the point. I am 100% certain the real goal in trading is to shoot for the moon and then get the hell out of dodge. Having made your...

When are people on this forum going to learn the difference between between pulling a 10% per week income and compounding at a rate of 10% per week????

Blah! Blah! Blah! You most certainly may! You can flip a coin 100 times and draw heads 80% of the time. 50% is only assured as the number of flips tend to infinity, assuming a perfectly balanced coin.