Quote from Ned Stark:
When I was a noob, I use to have trading dreams almost every night. Glad that's in the rear view
Quote from nitro:
90% of all retail traders lose, they just lose!
Just kidding. I have been on the prop side and on the retail side. Every prop firm I have ever been in rakes in serious cash. Every retail trader I know with a very very few exceptions struggle. If you saw what it takes to succeed, you would quit right now. This game takes money to make money. Then you need brains. Then you need to work your ass off. Then you need technical know-how. Then you need relationships. Then you need to get around silly rules, then you need to do decent volume to get good comissions,. then...It is possible to do this at home in your pajamas if you already have money, but the farther you are from being able to make markets or engage in [statistical] arbitrage, the more risk you have to take with larger sums of money. Read that last sentence 30 times. Read it again. Here is it: but the farther you are from being able to make markets or engage in [statistical] arbitrage, the more risk you have to take with larger sums of money. There is a way around it. Get a job so that you can have systems that only trade with patience, slowly putting away money to fuel a positive edge system. Otherwise, if you are not MMing or Arbitraging, the more pressure you are under to generate streams of income, the faster your money goes out the door.
One day, I am going to write a book and get it off my chest. it will be the only book in the history of books on markets of its kind. I will write it under a pseudonum. Wait, if I use my real name, no one will know it's me
