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I agree, and thank you for your input regarding your experiences of hedge funds. It is really my conscience holding me back. Other people, however, do clearly not have such qualms. I still think there are more than enough ethical opportunities to take advantage of, however.

On a spiritual note. I think that people do, in fact, get their time in the sun again ..but usually in a different way. It is really a question of letting go of the past and not trying to replicate it. Like a window that has closed There are always booms happening around the world...real estate...

Partially entertainment (as yourself) ...but in the majority as a learning experience of human nature and behavioural finance. I can also use these psychological insights as ammunition during future sales campaigns. For example. 1 The earth is round and fairies do not exist. Answer: I hate you...

Zeno, This is a useful case study for me (and for the more discerning readers of this thread). I often find that I know I am right when I receive: 1 Ad hominem attacks 2 The responses actually prove my own point 3 The responses do not rely on facts but on mysticism and emotions. If anything...

Not true, one of the most successful traders I know was an advisory CFD broker - a sales trader. Became a multi-millionaire. Of course, the majority of his clients lost money but he legally extracted commissions from them whether they made or lost money. Self-made (pure capitalism). For another...

I briefly researched Renaissance Medallion. I have little information, as they are a private fund and there is no requirement for them to be audited. If I get paid then I will research them. It is unknown what their exact performance figures are. Other funds they set up such as REIF have lagged...

Thank you for your response. I would agree that trading (if you are consistent and profitable) would be one of the elite professions. I agree that the odds are lower compared to a high risk of failure. I would argue that other elite professions are a better trade such as becoming a writer or...

Elochocinco, I am not using emotive words like 'demand' and 'prove.' I am being totally dispassionate and logical. If I am going to hire an employee then I will ask for references, qualifications and a CV. If a bank manager gives me a loan then they ask for evidence of my creditworthiness...

Of course, but please provide evidence why you disagree.

My money would be on Zenostiffler :) The truth has a funny way of setting you free. Also, it helps you make decisions better. On another point, I don't expect to make many friends with the truth. But I find that the minority of people who gravitate towards it and who are not afraid of it...are...

CSE trader...and now another one...you both sound very mystical :) I refer you back to my post about the 'Scientific Method' The moment you start talking about Yoga and magic you may be in a cult .. If you have been on the receiving end of any of the methods of the video below then you could...

Thanks for the acknowledgement. I agree about the 'names'. 1. Ed Sekoyta is washed up now, I believe, and teaches to trade 2. Cohen (watch the video above) was never good as a trader in the first place but traded off of insider information. He never went to jail though (but his employees...

Predators...some preliminary case studies 1. Jordan Belfort - very very crude and obvious example as a case study but preyed off of his staff (nearly all self-employed) and his clients (pump and dump) and now the gullible for his sales seminars. 2. Steve Cohen - insider trading (but his...

I like Jocko... But please don't put me in the 'regrets' box. Here is quote from a true legend... 'If you have been playing poker for half an hour and you still don't know who the patsy is, you're the patsy'. W Buffet It gives you an insight into his mind and how similar my mindset is also...

I am not angry or emotional at all (if you look at my posts I am just the opposite)...just looking for empirical evidence which I might have missed. And to be honest, I made a lot of money as a broker - commissions. If my clients lost or made money I would still get paid. Better risk/reward...

The scenario described retail trading vs opportunity cost....not AAPL. I thought my post was clear enough. So I will make it even clearer (..no wind in the background..sorry). You might risk $100k dollars and spend 8 years studying for a 0.2% chance of making as much as a doctor as a retail...

Thank you Zenostiffler. That's what my in-depth analysis proved (among other things)... 1...sales as the arbitrage and build AUM is a fantastic model. Unlimited upside, low risk (except regulatory risk). 2. Another one is getting free risk-free money from the State (taxpayers and printing...

You missed the point...I will explain it very clearly and simply for you. 1. Trade one - a fraction of a 1% of chance of success vs 50,000 hours of time, risk capital of $100k and 99.8% of loss of capital (additional risk factors such as regulatory risk, scams and structural change also...

It is in the title of the post. ...is my hypothesis wrong? That, based on my research and experience and also using a trader's mindset/analysis.... is trading itself is a 'bad trade' (and that there are better trades out there with a better risk/reward). With evidence if you you think the...

I just saw the film. A lot of emotions, vision and hope without much effort on my side. Easy to sell to the masses. I like feelings as they make me temporarily feel good just like music and chocolate does. Unfortunately, facts don't care about feelings. I tried paying my electricity bill...