do you believe "Scientist" has "over $100k" in his trading account?

[Gordon Gekko]

let's not forget he just turned 22.

i know he's going to mention his "earring business." let's say he started this business at 18 and ran it for 4 years, selling 800 pairs of earrings for $10 each. not accounting for taxes, that's $8000.

Quote from Scientist:

I remember when I changed my broker to IB, it took them several months for a transfer from my savings account into my IB account. The money was floating around in cyberspace, and IB was very, very uncooperative about helping me with the issue. At the time, we were talking about over $100K, which I had no real idea where they were, I could not trade for several months and IB was behaving like a bunch of bastards about it, until a few months later they figured what was going on. And it wasn't until I got very loud at the management that they even bothered doing anything.

if i'm wrong, i'll eat my shoe.

 

[Covertibility]

You thinking about starting an "earring business" ?
Its not polite to ask how much one has. The term "stack of high society" is such a beautifully ambiguous term.

Happy Piercing.

 

[Rearden Metal]

Not ambiguous if you saw "Rounders". One stack of high society is exactly $10,000.

Quote from Covertibility:

You thinking about starting an "earring business" ?
Its not polite to ask how much one has. The term "stack of high society" is such a beautifully ambiguous term.

Happy Piercing.

 

[Mr Subliminal]

This is the beauty of Cyberworld where identities and account sizes are illusory. Nevertheless the odds are not in your favor and you should be prepared to eat your shoe. Because it is irrelevant whether he has $100k in his account or not, I shall omit the logic as to how I came to this conclusion, only to say it can be found in an exchange of posts in which both he and I participated.

 

[Gordon Gekko]

Quote from Covertibility:

Its not polite to ask how much one has.

i'm not asking how much he has. Scientist already told us and i'm questioning his truthfulness.

 

[maxpi]

I still think Phil Hendrie's writers are trying out new material on ET. Scientist reminds me of Ted of Beverly Hills.

 

[gordy's dad]

Quote from Gordon Gekko:


if i'm wrong, i'll eat my shoe.

there's my boy! giving up on Atkin's, staring on stinky shoe diet. kids....so silly

 

[Gordon Gekko]

Quote from Scientist:

...I'm worth a coupla hundred K (now). - Particularly if you add my gemstone collection - I'm a Jewellery Designer as well - To diversify business risk and get a break from trading
Seeing that a few years ago I had nothing, that's OK by me. I'm only 22 after all!

I was planning to be financially free by the time I'm 25.

Quote from Scientist:

My dad dropped in here at my beach house today and gave me a collection of a new release of the old "Dr.Who" series on video! Just like that! How cool is that???

Quote from Scientist:

That way I could trade from my single laptop in my dream Bahama beach hut -

-Rather than trying to explain to the gentlemen at customs that the 2 ATX towers and the 7 LCD's with swingarms in my hand luggage aren't intended for military purposes.

Quote from Scientist:

I wrote my first simple trading system at the age of 12. In BASIC! On the beach, I'll be drawing chart patterns in the sand. I see douple tops & v-shaped bottoms on my girlfriends. I see congestion patterns on my granddad's forehead. At the checkouts I'll be adding up the shopping on-the-go while the chick's typing it in the till and give her the 'total' before she tells you!. -Always gets you big eyes. She'll go: "How the hell did U do that?" I go: "Tape-reading baby!" Sounds corny, but with a bit of attitude, it got me a helluva lot of nices dates

this all from the same guy who only has 2 gigs of RAM. lol

 

[Rearden Metal]

Dude, 2 gigs of RAM is huge. Most new computers still only have 1/4 that.

 

[Gordon Gekko]

no, he didn't just graduate from a high school--it was an elite high school.

Quote from Scientist:

1. Yes, I am formally educated (13 Year German Elite High etc!)

this post is just fantastic....

Quote from Scientist:


-I am 21/22 yo now. I started 'trading', that is BHP (buy, hold & pray) at the age of 7, then started actually actively being interested in the subject at about 11, programmed my first trading system at 12 (BASIC), at 15 I won the regional (all highschools) trading competitions, and spent most time with my friend who was a called 'geek', being mainly interested in computers and finance, which is what I was, too.

While other boys would call me a freak because I wasn't interested in BMX & Magic Cards, I never really cared (and still don't). I had a thick fur, my passion was greater (I think this maybe a requirement if you want to succeed in this business, anyway), but essentially I was about 60/40 in in my interests of hacking (computers) and finance (trading) till about the age of 19.

When 19, I still wanted to be a Systems Engineer / Network Security Expert, however my dreams were somewhat shattered by my trading returns at virtualstockexchange.com, where I was (essentially swing) trading and eventually ended up world champion several times in a row (17XDaily, 6XWeekly,2XMonthly) of about 200,000 competitors, which caused my family and friends to get angry about my reluctance to trade actively.
I mean they -really- got angry.

Eventually I said yeah, OK, but I'll just papertrade on the commercial platforms (and mainly NASDAQ) until I'm really profitable and then I'll make the step. Now it's been over a year since I started trading with real money.

Quote from Scientist:

Doesn't limit me - If I made as much money at the casino as I do daytrading, they'd throw me out pretty quickly...

speaks 4 languages, not counting the programming ones..

Quote from Scientist:

I only started actively speaking English 3 years ago. I lived in Germany for most of my life. I speak German, English, French and Turkish, of which the latter two are getting tarnished a little. I also speak a few computer languages (almost same fate). Regarding "I can spell" - Well I never use a spell-checker (it really annoys me), so I'll actually misspell occassionally.

let's not forget the IQ test...

Quote from Scientist:

224 here. WTF? I had 4 IQ tests in my life, including Wechsler test and Mensa cred. None of them ever scored >200.

As far as I know, the highest IQ ever measured was ~240 (= Unmeasurable Universal Genius, Leonardo Da Vinci)

If I was Leonardo Da Vinci, or just 16pts below him for that matter, I wouldn't be a trader.

Quote from Scientist:

It's because if you have an IQ of 182, you can learn up to 4.5-6 times faster than the average (IQ100) person.

That's why I've already got 24 years of trading experience. And I'm only 22.

~Scientist