It's exactly the same thing. I see you never had an investor, and you never will with such bizzare logic.
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How did you get capital?
- Thread starter FundingSeeker
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It's exactly the same thing. I see you never had an investor, and you never will with such bizzare logic.
Why?
Thinking thst workng your a$$ off in some job you hate, scimping and eating cat food so you can build up a trading stake THEN thinking you will be a better trader because you suffered for the money is asinine. The most moronic line of reasoning yet on elite.
No. You are wrong. In one scenario you are personally risking your own future by borrowing money yourself that you must pay back (e.g. loans, credit). In the other scenario you are risking none of your own money but trading the money of clients and receiving a performance fee.
You refuse to believe that wealth can be created by individuals without managing other people's money. It is a theme you harp on continuously even though you are completely wrong. I like the reference to "cat food" though - you're really winning some serious brownie points for your narrow-minded viewpoint.
I refuse to believe that money can be made in the financial markets without money. These funds can be yours if you are wealthy or someone elses if you are not--- its just the way things work.
Can someone "bootstrap" their way by saving scimping then trading with a modest sum in the hopes of building into wealth? Yes, but its ridiculous to believe thst this makes u a better trader ( as a poster stated) and history proves its exceedingly rare.
surf
Bet my entire $5K account on 1 penny stock at a time. Turned it into $50K in a fairly short time, then turned the $50K into $3K in an even shorter time. Added another $6K to my account and turned the $9K back into $60K, then took up daytrading. Ironically, my bigest hurdle in daytrading is that I'm now absurdly risk averse.
Go figure.How so ? For most businesses to grow one has to borrow, be it from banks, from suppliers or in trading through leverage. Access to capital is very important if one ever want to be confortable.
To reply to the OP, I got capital from other business ventures, it actualy took me several years to transform most of my assets to cash during which time trading gradually became my main source of income.
Marketsurfer likes to talk in absolutes like he knows the one true truth in the world. Here is the quote I was referring to:
He just assumes this to be true when it is obviously not. Therefore, he is either ignorant or stupid. Since many people besides me have brought to his attention that individuals have the ability to make fortunes in the market without trading OPM, I believe he is just stupid.
Correct me if I'm wrong, but if you got capital from other business ventures and transformed that into your stake, then that means you were not trading OPM. According to Marketsurfer, you "WILL NEVER EVER MAKE" anything of yourself as a trader, at least not in a "comfortable" way. Complete and utter bullsh*t.
1) Funded a $5000 account with my own savings while working a full time job. Continued adding surplus income. With my trading profits I had around $30 000 in less than a year. Swing trading + full time job.
2) Savings. Had initial success. Borrowed more money to leverage my success, but ended up losing my ass. Borrowing money to trade without having enough experience is a big mistake.
3) Savings (now). $3000 account with a long time horizon and no pressure to trade for a living.
Doing it slowly is the best in this business.
2) Savings. Had initial success. Borrowed more money to leverage my success, but ended up losing my ass. Borrowing money to trade without having enough experience is a big mistake.
3) Savings (now). $3000 account with a long time horizon and no pressure to trade for a living.
Doing it slowly is the best in this business.