Black Monday - December 31, 2012
- Thread starter bond_trad3r
- Start date
it's not that funnyQuote from OddTrader:
Predicting itself is not risky.
Only trading based on predictions without properly managing risks woud be risky!
there was a time when I was eeking out a pretty decent living doing nothing much more than buying the bid and selling the ask
(that's a hard way to make a living, and I wouldn't recommend it as a long term plan, but we all have to start out somewhere)
and people use to ask me for stock picks
and I always told them, "I don't predict."
and my old uncle who was a neurosurgeon said, "You can't predict, but you can anticipate."
And I guarrandamnteeya, he made a hellofalot more money anitcipating the health care industry than I ever made trading.
I went long side of VXX at 27.50. What can you anticipate for my reward and risk?
Would there be a chase?
Why did you quit it? Are you implying that others are not making their income buying the bid and selling the ask as you once did?
Sorry, no refund, not my fauft really (the market is Always wrong)! How about if you made good money.
Probably I should re-study his theories instead. http://en.wikipedia.org/wiki/Srinivasa_Ramanujan
glad you asked, I certainly didn't quit because I had finally made enough money
that is a very stressful lifestyle, ok for a young man, but I got a late start and already was older than most scalpers
most my age had large positions in stocks, and in those days, they made more in one day than I made in a year scalping for $12.50
but it was crazy, and I would put them on and take them off all day long, but occasionally I would end up net long or short on the close
and I saw just how much you could make or lose holding just three es contracts over night