Livermore and Wyckoff are familiar but Loeb is a new one for me. My interest is in whom were the counterparties supplying liquidity to the speculator crowd.
Any OG's from pre-2000 still trading here?
- Thread starter Sprout
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Livermore and Wyckoff are familiar but Loeb is a new one for me. My interest is in whom were the counterparties supplying liquidity to the speculator crowd.
Wild guess on my part but I would say insiders.
Pump and dump. Accumulate, mark-up, distribute. Rinse and repeat.
Greetings,
I believe that I fit the "OG" Bill since I have been around trading from 1985. Years ago, I was once President of a group of over 250 traders in Wash DC, and I once had over 800 books on the market and trading. But I'm now down to about 450 due to wifey. So let me know what you're looking to swap out for, and I'll do my best to find it. I've still got one or two old trading buddies who still work the market, and if I don't have it,...they likely will.
BTW: I still own a relatively new looking copy of The Dow Theory by Robert Rhea, 1932, but sorry, I'm not lending this out. Smile.
KDASFTG
I believe that I fit the "OG" Bill since I have been around trading from 1985. Years ago, I was once President of a group of over 250 traders in Wash DC, and I once had over 800 books on the market and trading. But I'm now down to about 450 due to wifey. So let me know what you're looking to swap out for, and I'll do my best to find it. I've still got one or two old trading buddies who still work the market, and if I don't have it,...they likely will.
BTW: I still own a relatively new looking copy of The Dow Theory by Robert Rhea, 1932, but sorry, I'm not lending this out. Smile.
KDASFTG
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I'm looking for older (first?) published literature on the concepts of market making. Not from a speculator's pov but rather those that supply liquidity to speculators.
If someone is still actively trading and doing the grind after three decades.....they must be a failed trader. Or extremely resilient. Or crazy. Or both.
A professional, wise, knoweldable, experienced, expert trader should have made more than enough to retire comfortably after two decades or less.
A professional, wise, knoweldable, experienced, expert trader should have made more than enough to retire comfortably after two decades or less.
Being an expert at something takes a decade, more or less.
Being an expert, profitable, trader shouldn't take three decades or two decades. If a trader is not learning and growing and observing and adapting and processing and questioning....then they are defective.
Obtaining a black belt in karate....shouldn't take 17 years.
Obtaining a Ph.D shouldn't take.....22 years.
Success never happens overnight, but it shouldn't necessarily have to take a lifetime either, or half a lifetime, or 1/3'rd of a lifetime, or one quarter of a lifetime.
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Can't think of anything else I'd rather do. I haven't found anyone who will look after my money with the same care as I do and believe me I have tried.
Depends, I recently can across a quote by Wayne Dyer;
“Send out judgment and low energy and that is what you’ll attract back. Remember, when you judge another, you do not define them, you define yourself as someone who needs to judge. The same applies to judgments directed at you.”
Maybe I’m missing something but from what I can tell, the traders whom attained mastery of their craft were active until death, there is no such thing as retirement, only refinement.
Retirement is not a growth based mindset.
ymmv
