Can the average blue-collar person w/ high school education get rich thru Trading?

[SnakeEYE]

Quote from HATEtheRisk:

Average people sucks. They are just stupid sheeps, controled by the mass media, everybody knows that (exept the sheeps).

Average people are average loosers everywhere, thats the average. you could build an index about that. they always were average, they are average and they will be average, forever - loosers.

They have no individuality, maybe they think the have - but they dont. they just want to be normal like everyone else, bcuz they are so afraid about the bad dangerous world. Just put on your tv, hahahaha.

To succeed in trading, you must be totally crazy, insane, mental no on the right level, totally out a space. Thats the skills you need.

cheers

aaaaaaaaaaaaaaaaaaa

 

[oldtime]

Quote from Longcat1982:

Just curious if anyone has been able to do this..

Can a person with a blue-collar career and salary be expected to get "rich" in his lifetime through Trading stocks? Assume this person is very motivated to learn, might make mistakes but learns to correct them quickly, and lives below his means to save money used to Trade.

Can this person reasonably expect to be "rich", making about 5 million (in today's $'s) in his lifetime?

what I was wondering is, if a person goes to college and gets a degeree, can they reasonably expect to be rich? (in todays dollars)

 

[oldtime]

Quote from emg:

there are tons of successful traders with a proper college degrees making more than $50K per month in the house.

U should work in the house and go figure small trader.


P.S

There is barrier to entry to work in the house with a proper qualification just like a medical doctor wants to work in a hospital or a lawyer wants to work in a law firm.

He wasn't asking how to be one of the tons of traders working for the house, he was asking if he could make it on his own, which is something based on your posts, you can't do because you just lose. You just lose.

 

[DT-waw]

i'd suggest get rid of such labels "blue-collar person".


You're not your job. You're not how much money you have in the bank. You're not the car you drive. You're not the contents of your wallet. You're not your fucking khakis. You're the all-singing, all-dancing crap of the world.

and yeah, watch Fight Club movie 3 times, it will give you the best education. or even better, start actually trading and experience some dirty nasty PAIN

 

[austinp]

Quote from emg: there are tons of successful traders with a proper college degrees making more than $50K per month in the house. U should work in the house and go figure small trader.

P.S There is barrier to entry to work in the house with a proper qualification just like a medical doctor wants to work in a hospital or a lawyer wants to work in a law firm.

Quote from oldtime:

He wasn't asking how to be one of the tons of traders working for the house, he was asking if he could make it on his own, which is something based on your posts, you can't do because you just lose. You just lose.

I happen to come from a blue-collar background. I happen to work, practice and study really hard at the tasks I intend to succeed at.

I happen to believe a lot of, maybe even most of the good people who pass thru this site are honest, hard working and serious about their own trading success.

I happen to think a few of them are passive-aggressive trolls like emg, who wastes all his time in here with endless threads telling you that your hopes and aspirations are hopeless. That you have no chance to succeed.

That you are stupid, undeserving, unworthy and inferior. That you might as well quit while you are behind. That the only way to succeed is by being someone superior like he/it is.

Well, I don't do girlie drinks with fresh mint sprigs sticking out the side of a glass... just a nice cold Blue Lite longneck straight from the bottle when a workday is thru.

And unlike emg, I can actually afford to pay for my own drinks (and I'll happily buy yours, too) with the money I made from ES trades I did not cancel before they filled today.

**

So a hearty salude' to the blue-collar force here, and all the hard-working, aspiring traders in this entire site. I salute you, one & all

 

[oldtime]

Quote from Hansel H:

By the time you develop a 'gut feel' for the market you'll have blown out your account several times over.

I'd say the odds against you are staggering. After you've studied technical analysis for a year or two and tested it against the market on paper the odds against you might drop to merely huge.

I've seen so many really, really gutsy and educated traders go broke - including many right here on ET.

In any case you're coming into the market at a bad time - much too volatile for a newbie.

The race track is much easier.

Don't.

what's technical analysis?

 

[oldtime]

Quote from volente_00:

I thought this was a gambler's atari game

Trading is not a game! If you went to a reputable university, and I'm not talking about one of those Big Ten employee factories, and got an advanced degree in scalping or swing trading you would know this.