Crowdfund a trading account?

Quote from NoDoji:

I believe he traded his own money (when I asked him back then he said he started with a mid 5-figure account of his own money), and he posted far more recently that he's financially independent thanks to trading gains and no longer has to worry about money.

That sounds like success to me.

ADD: Genesis doesn't even fund traders:

Genesis Securities, LLC provides security brokerage services and technology for professional electronic traders. Its solutions include Laser, a trading platform; connectivity; and market data, such as streaming NASDAQ Level I and II quotes, streaming NYSE/AMEX quotes, indices and futures quotes, ECN books, direct access to market data, NASDAQ's TotalView and OpenView products, and NYSE OpenBook. The company has strategic alliances with NASDAQ, Global FX, LLC, Trade Bolt, SmartQuant, Trade Ideas, MADSCAN, realitytrader, Marco Polo Network, and eSignal. Genesis Securities, LLC was formerly known as Genesis Day Trade, LLC and changed its name to Genesis Securities, LLC in March 2002.
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Huh? Please take your ignorance of the business elsewhere. The pros on this board don't appreciated it
 
Quote from altoid:

No, I'm talking about someone who can maintain their lifestyle without trading or working from the money made trading. Just like countless business people who built a business and retired on the proceeds with the same lifestyle.
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Well, we have one here on ET, EricP and I'm sure there are others who've never posted on a trading forum.
 
Quote from NoDoji:

Well, we have one here on ET, EricP and I'm sure there are others who've never posted on a trading forum.
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A true believer who twists the facts to fit his perception of reality. Sad!

But let's say you are right -- the guy can live the rest if his life on a million? Under a bridge, maybe.
 
Quote from altoid:

A true believer who twists the facts to fit his perception of reality. Sad!

But let's say you are right -- the guy can live the rest if his life on a million? Under a bridge, maybe.
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He made a million that day. Do you think that's all he made in his years of trading? He stated that last year was really bad...low six figure profit. And a while back he stated in one of his posts that he's set for life financially as a result of his trading. He trades now because he wants to, not because he has to.
 
Quote from Stocks4life:

is altoid marketsurfer? who let him back in?
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Nah, I don't think Bro Surf would've read a description of Genesis as a brokerage and chided me for being ignorant of the business because I stated they don't fund traders. Altie does make me nostalgic for Surf, though. :D
 
Quote from altoid:

No, I'm talking about someone who can maintain their lifestyle without trading or working from the money made trading. Just like countless business people who built a business and retired on the proceeds with the same lifestyle.
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Let me understand this definition...please correct me if needed.

The person must have taken some small amount of money (lets pretend you meant like < 20k)...then traded it into over a million dollars in profits and this private trader is NOW no longer trading because he/she is retired and living well...

Or the private trader has taken the +million dollar profits and turned it into something bigger to maintain his/her lifestyle.

Is the above correct. :confused:
 
One thing I know works for me on this forum is to fade the stupids.

The other thing that works is the hypothesis that trading is a zero to negative sum.
 
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