daytrader loses it all.

Quote from JimmyJam:

Just remember, WE'VE started many a battle with countries that have remained foes for centuries (can we get a history book check in aisle 4 please?).

JJ

I am really not interested in starting the opening shot in another liberal round of American self loathing and self flagellation here. But its so hard to ignore such BS. Are you talking about England, France, Russia or any prior "friends" that we started wars with? Can we get a cup of tea please and recall our American history?

OK, if you want to be flippant I suppose we can have fun here. We were estranged bed partners with mother England when we decided to boot them off the N. American continent during the revolution. But who fired the first shot? Philosophically, who starts a war? The person play-shooting with their bird finger or the person pulling the trigger to shoot a biligerent turkey with real bullets?

Seems to me it ended up pretty well as the US made amends by coming back to save 'ol England from the nasty Germans. The US ended up making friends with both victor and enemy alike with the Marshall plan. We then made trillions of dollars off everyone with a new American empire. It's just a bummer that they are now at the moment teaming up to hammer our currency. But I would not really call that being enemies - just ungrateful debtors. Eventually they will figure out that is self defeating behavior or the process will repeat itself and start all over again.

Given that we have only been a country for a few centuries its pretty laughable that we have centuries old enemies and you stated. Perhaps the American Indians?

If so, you are off the reservation Chief. So get back and keep those tax free bingo games and gambling operations back to producing revenue for beef jerky or else enjoy your cup of south American coffee and be thankful its not the King's tea. Sigh...

TS
 
Quote from TrendSailor:

I am really not interested in starting the opening shot in another liberal round of American self loathing and self flagellation here.

No one's talking American (of which I am one) self-loathing or flaggellation here Trendy.

We're talking about China.

... and I don't want to get into a long discussion with you about it either (especially not with YM giving me another setup here.

Jimmy Jam
 
Quote from giles117:

Is the Dow representative of the profits one takes off the table and places into other ventures such as real estate, small business, etc...

When the DOW contracts, does it show the people who were on the short side and reaped the benefits???

When the Bubble Burst, I lost all my "Trading Money" But it didnt stop me from going on tour with a major artist at the time and enjoying that life (I screwed myself by not stashing all that tour cash, and wound up broke)

I jumped back in the market slowly. But during that time I produced an Album for my wife and we hit the road traveling. Built a recording studio and a small trading system so I could trade. I learned to keep the entities separate. Trading funds her love of music and my love of computers. While the music career funds stuff like houses and real estate. Each has it's place.

So what is the DOW other than an indicator of the current valuation of 30 stocks????

Trading is my 9 to 5. Music is my 5 - midnite

They both have their place. I am too hyperactive to only be involved in just one thing.

Of course I am not speaking for him, just making a point. The DOW isnt an indicator of how one manages his/her money. It only shows a valuation....

If I take a car valued at 1000 and use to make 100K, what is the true value of that car???

Think on these things....

You missed my point. Dow was just an example.
 
Quote from RedDuke:

Do not be so convinced that 8-15 years will get you there. Just look at DJ from 1960s to early 1980s, it was circling 1000 for a long time. Just because we had an unprecedented bull run last 25 years, does not mean it will be the same in the next 25 years.

You don't need an unpredecented bull market to make money. Since 1998 when I started trading, the Naz (for instance) is up 70%. That is an annual return of 6% which is hardly anything special. But I have done well in that time. I wouln't mind a see-saw market like in the 60s-70s actually. Traders like those types of markets.
 
Quote from ElCubano:

had he made money he would be considered a genius or better yet the next Soros..... most traders made their name and/or money on one big bet that went their way....peace

I just think its great how we always here "Money management this...", "Money management that...", yet well call these guys trading icons when they got all in on one bet, and carelessly avoid rule # 1.

cm
 
So this washed up daytrader is sitting outside the office begging for money to get something to eat.

"Hey, pal. Help me out. I havent' eaten in days!!!"

"Hell no. If I give you money, you'll just go daytrade it away."

"No, man. I got tradin' money. I need something to eat.":D
 
Back
Top