Are we all Market Wizards?

[coolweb]

what the hell is a market wizard?

Is it some new catch phrase?

Theres only one goal for traders:

Be the best mfing trader around who takes in $100k+ a month.


Mindset of the mfing trader:

1) I am the best.

2) I can do whatever I set my mind out to do

3) Rejection and failure means nothing to me, I am the macktruck who can't be stopped.

4) A Lesson a day is the million dollar way.

5) Find ways to seperate myself from the dumb masses

6) Whatever you can do , I can do better.


ClowNS!

 

[FanOfFridays]

Quote from dvshucks:

If you've got a 25k account, you aren't shooting to make 30% a year, you want to be making 200+%, right?

Wrong. Where did you get this idea, and why would this be?

 

[Ripley]

Quote from easyrider:

It seems to me that most people who become wizards at what they do did not intend to become anything but were simply doing what they love to do and got better at it than most.

Well, I am sure they certainly weren't in love with something that paid $25 K/year.

 

[acronym]

Wizards?
Harry Potters maybe.

 

[murray t turtle]

Quote from dvshucks:

It seems like most of the people on this site are aiming to be the next great Market Wizard. Does everyone trade so they can become huge and manage billions?

I obviously want to make a lot more money but as a small trader, should I be trying to emulate Soros, Paul Tudor Jones, and Warren Buffett would do? If you've got a 25k account, you aren't shooting to make 30% a year, you want to be making 200+%, right?

I know its important to study these people because they are innovators. Do you trade so that you can make enough money to live a certain lifestyle or who trades to be the next major player?

If the majority see themselves as the former then I am announcing a side venture. I'll be selling green braclets for traders with "WWPTJD?" as in 'What Would Paul Tudor Jones Do?'

===============

Dvshucks;
No, dont want to wake up @ nite every 2 hours to ''trade around the clock''

No dont want to trade billions;
millions, yes.

And life is like a target shoot;
AIM HIGH, because of gravity.

 

[dvshucks]

Good call on people getting to that level because they loved what they were doing and not just to imitate those before them. If you're going to get there it's going to be by worrying about what you're doing and not what others are doing or have done.

Yet, I'm surprised no one here thinks they're going to be the next big thing to hit Wall Street. I guess the braclets will have to be put on hold.

 

[Cheese]

Quote from dvshucks: ..
Do you trade so that you can make enough money to live a certain lifestyle or who trades to be the next major player?
..

I've only ever noticed the general 'trading for a living' rationale at ET.

From a problem-solving point of view, the aim is to take what the market can offer whereas 'trading for a living' is a continuum.
Horses for courses, though.

I enjoy trading but not to trade for a living. I trade to take from the market .. not for a lifetime continuum.

Bottom line: horses for courses.

 

[FuturesTrader71]

Quote from sulong:

[...]7. Life is the future, not the past.
[...]

I disagree here. I believe this to be more of the truth:

7. Life is NOW, not in the past or future. The past is gone and future is created in the NOW.... therefore, live in it.