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Cliffs in Cleveland? moooooooooo
- Thread starter stock_trad3r
- Start date
Quote from Cocaine:
No, it doesnt. Given the same starting capital, say 25k, a good daytrader can make 200K+ a year, year in and year out. Thats 800%+ a year. You show me how buy and hold works better than a skilled daytrader compounding his money almost daily?
yea a daytrader...out of how many thousands?
I said a skilled daytrader, I know several guys personally who fit the profile I mentioned. They all have 5+ years of experience. I never said any old daytrader just like any old investor wont put up consistent returns either.
Quote from stock_trad3r:
yea a daytrader...out of how many thousands?
If expierencied daytrraders can really turn 25K into a million or just 100K with consistency then why are the same people here for the past 2 years? Shoudn't they all be retired with millions in a risk-free savings account?
I don't buy it.
Those cleveland cliffs keep cliffing
I don't buy it.
Those cleveland cliffs keep cliffing
Quote from stock_trad3r:
If expierencied daytrraders can really turn 25K into a million or just 100K with consistency then why are the same people here for the past 2 years? Shoudn't they all be retired with millions in a risk-free savings account?
I don't buy it.
While I realize that your statement above may be nothing more than an exercise in trollery, many here <b>do</b> genuinely believe in the common myth that; "Successful traders don't bother posting on ET, because they have far better things to do with their time."
Is that so? WTF do you <i>expect</i> me to do with all my spare time... Sit around sipping Cristal on my jumbo yacht all day? I guess those who have never been rich just can't seem to realize the fact that with the exception of more frequent/nicer vacations, building a higher net worth really does NOT make a person change how they choose to spend their spare time.
stock, in order to make money one actually has to HAVE a posistion. I think you are confused on this point...Do you actually think you can make money by saying something is going higher? You have no posistion in GLD or CLF (as well as at least 90% of your "index"), until you actually have a posistion you make as much as your 6100+ posts are worth.....NOTHING.
Quote from Rearden Metal:
I guess those who have never been rich just can't seem to realize the fact that with the exception of more frequent/nicer vacations, building a higher net worth really does NOT make a person change how they choose to spend their spare time.
A well written, insightful and a spot on assessment.
- Spydertrader
cleveland cliffs keeps on cliffin'