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Very true.

It's not an emotional breakdown of course. It's the result of analyzing probably over 1000 records of traders and funds and then following them over the course of their trading history after that. I ran a fund of funds so had this opportunity. I've seen the smartest, the brightest, the best...

I think the key thing in my post is not whether or not one should daytrade, or its possible, or what the best technique is, etc. If someone is smart enough to daytrade well then that same person can definitely do 100x better starting a business. I would argue making millions starting a...

great quote

I have a story about this. A few years ago my girlfriend (who is now my wife) were in the gym of my building (15 Broad, right across from the NYSE). We had finished up and were walking out when some guy who was lifting weights stopped, toweled off, and walked up to us. He stuck out his...

To set the record straight: - I did make money trading for myself and others. - I then set up a fund of funds to fund other traders. That fund did very well. - I then set up stockpickr which I sold to thestreet.com. - I never spammed anything. I've been "Vishnu" on this board for...

Traders who don't go to college have a HUGE head start on traders who go to college: A) 5 extra years to build a stake (average # of years it takes kids to graduate right now) B) you don't get $200k in debt C) you can actually spend the time studying trading (they don't teach it in...

The issue is not so much "better that they become entrepreneurs". The issue is that student loan debt is a scam. The govt backs it and you can't dismiss it in bankruptcy. College presidents know this so they constantly raise tuitions. Tuitions up 10x since 1977 with inflation up 3x...

I've written about it to some extent on my blog at jamesaltucher dot com but perhaps in the next month I'll write more comprehensively. I probably have about 5-6 articles on it.

Rather than me doing it, can you please go back and look at all the questions you asked me and all of the ones I politely answered. Then I ask you one question and you never responded. Really, this is enough said. I'm signed off now.

I was writing about google really. Its an interesting story about them. I have no real worthwhile interest either side. It was just an interesting story to me because I went to grad school with the main guy involved. I never once in the article recommend a buy or a short of anything. The...

Only because you asked me 10 different questions in a row then acted like you asked only one. To me that smells of lack of credibility. You're anonymous (you switch identities in fact. Presumably because you want a fresh start on credibility. i get it. but, for me, its different. I'm...

Well, I don't recommend any stock in the article. So its not a pump. I also provide all the links to my sources of research. So do you own research instead of slinging vomit my way And finally, I'm a long-term holder. So no dump. Why do you guys ONLY insult. Its really infuriating. Just...

And you can't answer me a SINGLE question. One. I've answered 10 of yours. Not the same one. Ten different ones. I've given you an entire life lesson and put real thought into my answers for you. Then you think it's my duty to answer one more. I'm asking you one question. You don't answer...

It's fair to question your legitmacy. 1200 questions is quite a bit for a "trader". And 3 identities as well AND, you have asked me not one question but at least ten, all of which I have politely answered. There's nothing wrong with me asking a SINGLE question. You don't have to answer...

I don't think not asking the 11th in a series of ten questions is "slippery". But again, i've answered quite a few of your questions. Answer me just one: why post here 1200 times in 2 months? I've been aprofesional trader and i've funded probably 100s of professional traders. i don't...

Yes, that was another one. And I'm not a journalist. but you'ev asked me a bunch of questions, let me just ask two: why have you felt the need to switch identities so many times here. and why do you feel the need to post 1200 times in 2 months? Very simple questions.

Several issues: A) along the way you asked me about ten other questions. I can't keep answering your questions. Then it becomes a lesson. I don't give lessons. B) If you developed software, as I did when i was trading, and figured out the answer to your question it would benefit you more...

You've asked me over ten questions and i answered them. Anymore and its a lesson and I have to treat it as such. I'm proud to say I've stuck to the same username all along.

I don't believe it. I know 100s of guys in the pits and prop firms. They were consistently profitable but its harder and harder every day and i know basically nobody consistently profitable now.