LOL - you are confusing sharing an interesting link with thinking, being, belief, trust, lies, and scams. Either way, I don't see your name on the Robbins list, but I do see Larry's. If you have a more reliable source that proves who is the world's best trader, by all means - please feel free to share.
$3k to $1 mil in one year
- Thread starter panganp
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LOL - you are confusing sharing an interesting link with thinking, being, belief, trust, lies, and scams. Either way, I don't see your name on the Robbins list, but I do see Larry's. If you have a more reliable source that proves who is the world's best trader, by all means - please feel free to share.
IMHO greed is constant for most traders. It's a percentage game. Imagine if traders are happy with 1% profit a month. That should be easy enough for most but many cannot achieve that consistently but they think they can trade 3k into 1 million in 1 year. Many can't even beat the indexes, but they are on expert panels (checkout CNBC panels). Not to many, if any at all, financial institutions can guarantee 12% annual return. Sure are a lot of hucksters and snake oil salesmen in this industry.
Thinking is, yes, well, thinking is quite an important ingredient in any decision making process. Thinking is required to figure out why someone who claims to be profitable in trading is actually writing and selling books, videos, and training courses and has zero track record for ever having managed money for others. That requires some thinking, not much but some...
You have completely the wrong attitude, or miss the essential knowledge.
Real traders have a system and they follow that system without any exception. So the result of each trade on it's own is irrelevant. What counts is following the system and in the longterm results will be automatically good. At least if the system is good.
There are no targets to reach, so also not go from 3K to 1 million. If this happens it is a result of following a performing system that is trading as it should be traded. Some periods return can be huge and some periods return can be lousy. That's part of the system, till the day you are able to remove the bad trades.
You are one of the experts in these panels. Sure are a lot of hucksters and snake oil salesmen in this industry. But also a lot of people who think they are the gurus, like you. So there are crooks but also people who have no clue about trading.
Do you know me, why do you speak for me? Are you another expert on others? Share your opinion but please refrain from speaking for others. Just because 1 trade is good doesn't mean it's repeatable and scalable. How do you know I don't trade a system? Based on your expert reply, you missed my point completely. I guess you are slotted into the later category.
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Your posting tells enough. And you speak for others too like about the experts on CNBC, telling all kind of negative things that even have nothing to do with REAL trading.
It's not a game, it's not about a percentage or trying to be rich in notime.
So you posted a lot of nonsense.
It's a profession and requires knowledge, intelligence... and a lot of things most people don't have. That's why for most people it does not work, they miss the needed qualifications. THEY are the problem, but for their ego it is better to point to anything except to themselves.
What I see here is mass behavior. Some "expert" tells a lot of negative things and a lot of people copy these statements without even knowing anything about it.
Statements like:
- 90% lose
- you should be the richest man on earth
That is exactly what @lylec305 said if you would read more carefully. And it is established fact that 90-95% all individuals who engage in financial trading lose money over time. Nothing negative about it, just pure facts. Most people don't even have the necessary DNA makeup to succeed in this job.
You are a realtime retard but that would be an insult to handy cap people. Go crawl back into your troll cave. It's idiots like you that give ET a bad rap. I'm sure you heard that before. BTW no one asked for you 1 cents worth and it's not even worth a penny. My 1-2% monthly return is more than you will ever see in a lifetime.
Since you said to see Wikipedia, Zanger turned 11 grand into 18 million based on 2 decades of learning (aka losing money).
And you call me retarded? LOL
There are days that I only need 10 minutes to make more than you can in 1 year.