Quote from Ricter:
Speaking of chance, no, obviously some people will get lucky.
When i started trading in a prop office, i can say with 100% honesty that me and 1 other guy worked tirelessly together to try to figure out things that worked, we were always the first ones in before the bell, and the last 2 to leave, and we also dedicated lots of time to finding other contacts in the industry who were dedicated to trading. Lots of guys who started in our room would show up right at the bell, or even shortly after the bell, and leave before the day was done.
For the first 6 months of my career i sat there watching every single tick on a level 2 window, and always finding new ways to get involved in the market, and new things to try, while other guys put in little to no effort.
In the room i started in with over 20 traders, only 3 are still trading, me and my buddy, and 1 other guy who only makes like 5-10k a month.
Are you really going to tell me that it was "luck" that me and my buddy succeded far beyond anyone who took the job, when we busted our fucking asses to get where we are? I slack off now more than i would like to, because im comfortable with what im making, and low and behold in the last 3 years I have made roughly the same amount every year, since the 2008 collapse.
Why dont you ask Maverick if he notices a direct correlation between the time a rookie puts in to learning, and their success rate.
It reminds me of this video off boiler room.... "a piker leaves at the bell" I took that to heart and it worked.
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