Daytraders are delusional of the real world?

failed_trad3r · Mar 23, 2010

Quote from Bolimomo:

I can certainly understand that you don't make the cut as a daytrader and why.

crgarcia: I suggest that perhaps you print the above 2 statements in super big letters, and paste them on a protest sign, and go to a nearby Goldman Sachs office and walk back and forth outside with it.

There are no profitable daytraders!

Or go up and ask one of their employees to show you the proof that they made money. Like a "signed" account statement of sort.

And see what their reaction would be.

http://www.reuters.com/article/idUSN1916306820100319

Excerpt:
Goldman, on the other hand, paid its employees $16.2 billion, an average of $498,000 per person in 2009.
Un-excerpt

This half a million dollar bonus per person is the average for all employees. Not really the figure for their traders.

How does Goldman make money? I give you a hint: they sure don't INVEST.

GS doesn't use stops. They average down. That's because they have unlimited money.

FattBurger · Mar 23, 2010

Quote from failed_trad3r:

GS doesn't use stops. They average down. That's because they have unlimited money.

They also have insiders in every form of goverment. I think they know the data before it's released.

stefan_777 · Mar 23, 2010

Quote from failed_trad3r:

GS doesn't use stops. They average down. That's because they have unlimited money.

Goldman must be the new Chuck Norris.

l2tradr · Mar 23, 2010

Quote from FattBurger:

They also have insiders in every form of goverment. I think they know the data before it's released.

They also have insiders in the tinfoil manufacturing business, where they influence manufacturers to make tinfoil that, when made into a hat, can still steal your thoughts. :eek:

DHOHHI · Mar 23, 2010

Quote from crgarcia:

They are delusional of the real world, and they (try) to get into a
"lone money-making endeavour" that daytrading promises, but fails to deliver.

Making money alone is an oxymoron, as everything requires social skills (and marketing skills), which daytraders lack.

You continue to be clueless in your posts. Many try and a small subset actually succeed. How many aspiring college athletes make it in the pros? A small percent.

Glad I've been delusional the past 14 years. The money (made trading) spends as well as any I made in the corporate world.

jnbadger · Mar 23, 2010

Quote from crgarcia:

They are delusional of the real world, and they (try) to get into a
"lone money-making endeavour" that daytrading promises, but fails to deliver.

Making money alone is an oxymoron, as everything requires social skills (and marketing skills), which daytraders lack.

I guess the age old axiom should be modified to "Those who can't, teach, or, if they simply don't have a clue, they spend countless hours bashing those who can."

Get a life pal.

crgarcia · Mar 23, 2010

Quote from garchbrooks:

Well, to be honest, I'm a rockstar with my own television show. I just day trade for fun when I'm in between shows or filming.

You pretend to be a rockstar.
Maybe you film your band (who plays in your garage, and post it in youtube?

Daytrading is, by itself, a double losing proposition:
You get no money,
you waste time.

Actually time is more valuable than money, as time is money yet money isn't time.

crgarcia · Mar 23, 2010

Quote from DHOHHI:

You continue to be clueless in your posts. Many try and a small subset actually succeed. How many aspiring college athletes make it in the pros? A small percent.

Glad I've been delusional the past 14 years. The money (made trading) spends as well as any I made in the corporate world.

While most don't get pro,
many get their scolarship, and thus pay the bills.

Daytrading doesn't pay the bills at all.

Quote from MarkBrown:

what would you call in the long run?

In the very long run, all will blowup.
In the very very long run even Buffett would blowup (if immortal)
In the very very very long run (many centuries) even US T-Bond holders will blowup due to default.

Quote from bat1:

Me too, I'm a Porn star and love the rush daytrading gives me

A gay pornstar? (no offense, just for clarifying)

GiantDog · Mar 23, 2010

crgarcia = loser

TheMan · Mar 23, 2010

Quote from crgarcia:

They are delusional of the real world, and they (try) to get into a
"lone money-making endeavour" that daytrading promises, but fails to deliver.

Making money alone is an oxymoron, as everything requires social skills (and marketing skills), which daytraders lack.

then i guess what i am doing everyday is just magic then

you people are amusing