Hahahaha, I knew your nickname was familiar but I couldn't tell why, now I know.
No I don't trade stocks anymore, no leverage.
I feel like fundamental analysis is completely useless
- Thread starter RGLD
- Start date
Hahahaha, I knew your nickname was familiar but I couldn't tell why, now I know.
No I don't trade stocks anymore, no leverage.
I am talking about trading with the use of leverage of course. A good trader ought to use leverage.
Let me put it this way, the minimum to trade at the firm was $50,000. This was before the PDT rule. A tick was 1/8th and we traded 1000 shares usually. When we discussed performance we weren’t talking percentage return. When a trader started telling you about his annualized return, you knew he was having a bad run.
Don't be discouraged, one of these days in the not too distant future, you will cut the cord, join our rank, and never look back.I have a day job unfortunately.
Of course, most "hotshot" traders just love to say that they made $50K in two hours last week, but they conveniently hide the fact that their total return this year (as of December 31) is 8%, and their maximum drawdown is 48%.
Real traders talk only about return on investment and drawdown (in %), all the others just love to throw big numbers (in $$) to impress the naive.
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You have no idea who you are talking to.
I was told Victor Niederhoffer dwells in this forum... Is that him!??!You have no idea who you are talking to.
Lol....Interesting question...
I was treated great...
Do people treat you like crap at your job??
I was treated great...
Do people treat you like crap at your job??
Lol....Interesting question...
I was treated great...
Do people treat you like crap at your job??
I use to work in an investment bank until I couldn't deal with the hours anymore. I was just an analyst so they treated me like crap.. yea..