Can an average guy make a living at trading?

Quote from nitro:


It does not matter whether you make $10,000/Y, $75,000/Y, $250,000/Y, or $1,000,000/Y. The first one is a "poor" (as defined by the government) trader. The second is a blue collar trader, the third a whilte collar trader, and the last a DAMN GOOD TRADER.

nitro
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There must be something like Good Trader, Very Good Trader, etc. missing in your message, I guess!

Give us the figures you like, nitro.

:D
 
There should be 5 grades of winning traders-
1)McDonalds pay equivalent
2)Home Depot pay equivalent
3)Finally replace the salary from that crappy computer job
4)Paul Tudor Jones' washroom attendant
5)Go fly fishing with Paul Tudor Jones.
 
Quote from PuffyGums:

5)Go fly fishing with Paul Tudor Jones.
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Tell him to give me a call, I'm up for fishing anytime! But let him know that 5 weight might not cut it. Stuff is big up here...my mom caught a 24 inch german brown last weekend in a spring creek no bigger than a drift boat... :p
 
Quote from corvus:



Tell him to give me a call, I'm up for fishing anytime! But let him know that 5 weight might not cut it. Stuff is big up here...my mom caught a 24 inch german brown last weekend in a spring creek no bigger than a drift boat... :p
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i know no one asked, but...

i don't fish because i don't want to hurt the fish (hook in mouth).

and no, i don't eat seafood or any other meat.

FRuiTY
 
One thing's for sure !!! A frog that has enough balls to chase bugs at night, in Canada, on a freeway, in a blinding rainstorm, sure aint ya average frog !!!

I think that I mighta seen that same frog playing the minies, afterhours, during the last earnings season. Yea, I'm sure of it, that was him. May he rest in peace.

wocka wocka :D
 
Quote from plumlazy:

One thing's for sure !!! A frog that has enough balls to chase bugs at night, in Canada, on a freeway, in a blinding rainstorm, sure aint ya average frog !!!

I think that I mighta seen that same frog playing the minies, afterhours, during the last earnings season. Yea, I'm sure of it, that was him. May he rest in peace.

wocka wocka :D
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I was wondering where the Frog had gotten to :)

Natalie
 
Quote from OPTIONAL777:



Could you become a doctor? A lawyer? A nuclear physicist?

You could, if you had the requisite skills, and many many years to learn how to use your skills in those professions....and of course the financial backing to go years without an income.

My advice is not to buy into the technology of trading, but accept that whatever methodology you bring to trading, it will take years and years of the learning curve to make a decent living trading.

Most failures come because people are underfunded and/or impatient about the learning curve.

When I started, a commodity trader told me it would take seven years to understand the game.

I think in many ways he was right, because the game is about money management, learning to handle the emotions of fear and greed, and becoming flexible within the fixed rules of trading.

It is not an overnight process.
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[a] I wish I would have traded odd lots at first, to match my odd equity trend.

Books can can shorten you learning curve;
might shorten it to 7 or 8 years or less if you work 12 hours a day.

[c] Explore ''books'' on elite trader.com; better public librarys have some of them, like Jack Schwager.

[d] Dont figure on making it working 8 hours a day.

[e-z] It is NOT e-z[easy] . EVERY kind of size ,leverage,options,''free''daytrade leverage WILL cause you to LOSE faster until you prove you can make a profit.




:cool: :mad: :cool:

Paper trading will help, help show what will not work;
still do some myself . I like what a PHD city manager said ''if you call me average that is the same thing as spitting in my face!''
 
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