Quote from PhiliC:
You guys gotta be kidding me. I trade and work at this 14 hours a day 5 days week. Saturday and Sunday too. That's what you are up against.
Trust me -- you may make a few tics here or there w/ your hobby method, but you're just missing too much of the big picture -- and that's where the real money is made. There is no way the guy down in Mexico (banging his wh...ore while trading) can be in tune w/ what's going on in the financal world. This sh....t requires incredibly hard work.
My guess is that at the first sign of trouble you part timers will pack it in for the next "great" thing that comes down the pike. Real Estate flipping anyone?
Excellent analysis. A snake oil salesman, a few lemmings, and a cubicle monkey or two are not a good cross section of what successful traders expend on the markets each day. To here them tell it, anyone with $500 and an internet connection is living the dream by haphazardly putting in a mere 2-3 hours while playing on a lifelong vacation.
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