I walked away from trading with nothing after more than five years.

[murray t turtle]

I appreciate your monetary contribution towards other traders who don't carry a loser mentality with life.

%%
Actually we ate a @ MCD some, but read what the past old school MCD ceo said in Modern Trader MAGAZINE, those $250 ,000/+building MCD decorations may not pay for it self [Now he tells us ,LOL] I seldom use a 5 year chart; 1 year +10 yearchart helped me more, but i'm not known for my speed, usually LOL.

 

[digitalnomad]

http://www-bcf.usc.edu/~lharris/ACROBAT/Zerosum.pdf

 

[murray t turtle]

Much though some of you might sometimes try to reduce us to a cultural stereotype, the reality is that we vary, guys. Just like you do.

On the one hand, there's certainly social psychology research that partly bears out the underlying principle behind Georgy's statement above (and looking at the choices some of my friends have made further confirms it, which I can kind of understand, or at least pretend to).

On the other hand, there's undoubtedly truth in Scataphagos's assertion as well, and (for example) speaking from my own perspective, I'd certainly want to try to avoid the suspicion that a guy might be a gold-digger (and knowing that he has a big bank-balance of his own is probably a legitimate way of reducing those odds.)

%%
Sounds like Mr G Holdsworth might do better in ag business than commerce; i prefer both.Dont know much about retail fast food trends like MCD. I missed some fast food this year; good thing i had plenty of bullets, like the UK fund manager said ,then the elephant comes by.Some deer came by much faster.....Good as gold+ much better taste.

 

[qxr1011]

here is my take on what you have said

1. 5 years are too early to make it happen in this business... unless one is a genius

2. You did not walked away with nothing. You walked away with some experience and especially some better understanding of yourself, of what you can and can't do, of what you should and shouldn't do, and better understanding of the people around you as well ! So result maybe negative but it still counts !

3.

The past cannot be used to forecast the future.

no , not to a "T", but as they say "the history repeats itself" and that applies to price as well

4.

. I never had enough cash to be a capitalist.
If, for example, I bought McDonald's Corporation stock;
To purchase an annual income yield of $40k I'd need to buy $1.7m of stock.

may be you did not have enough cash, but i suspect money is just part of the problem..., you did not have the "know how"

5.

If I even had $40k now then I'd buy a pick-up truck, some garden tools, print my name on some leaflets and put them in letter boxes myself.
Why? because then I'd be investing in myself... and I'd be a capitalist who truly owned the assets which yield profit.

wrong again... as with trading you start with know how, or archiving it first

track, garden tools leaflets are just tools of the trade , they in itself are useless unless you know and like gardening and + know how tom deal with people, whose gardens you may work on

as a rule it is not the assets that yield the profit, but the "know-how" that is behind those assets (including MCD stock), that make them yielding something

6.

4. In relation to the above; women actually prefer regular men with work-stained clothes over screen addicts with big bank balances. It's in their nature.

women are investors in men, therefore women prefer winners to loosers...

if the man is not the winner then his steady salary (see it as dividend) will be preferable to most women

only astute women (similarly to astute investors) will stay with a man (stock) whose underlying value they see when nobody sees it...

and there is no guarantee that this value will ever be converted into money

 

[murray t turtle]

here is my take on what you have said

1. 5 years are too early to make it happen in this business... unless one is a genius

2. You did not walked away with nothing. You walked away with some experience and especially some better understanding of yourself, of what you can and can't do, of what you should and shouldn't do, and better understanding of the people around you as well ! So result maybe negative but it still counts !

3.

no , not to a "T", but as they say "the history repeats itself" and that applies to price as well

4.


may be you did not have enough cash, but i suspect money is just part of the problem..., you did not have the "know how"

5.

wrong again... as with trading you start with know how, or archiving it first

track, garden tools leaflets are just tools of the trade , they in itself are useless unless you know and like gardening and + know how tom deal with people, whose gardens you may work on

as a rule it is not the assets that yield the profit, but the "know-how" that is behind those assets (including MCD stock), that make them yielding something

6.

women are investors in men, therefore women prefer winners to loosers...

if the man is not the winner then his steady salary (see it as dividend) will be preferable to most women

only astute women (similarly to astute investors) will stay with a man (stock) whose underlying value they see when nobody sees it...

and there is no guarantee that this value will ever be converted into money

%%
Great points, 5 years could be plenty, should be plenty; even though as they say in Chicago -smarter you are the longer it takes.LOl

 

[Cuddles]

Except for the gold-diggers, of course.

I once asked a young woman tennis player out on a date. She responded, "you don't look like a millionaire". What could I say? I wasn't. (She was cute, but not that cute! She did let me massage-out a muscle cramp in her back once though. Can I count that as "2nd base"?)

Naw son

 

[motif]

Hey, I used to be on this forum and traded the market, full time, from one massive peak (2008) in Energy till another (a few years back).

I traded with Oanda, IB and, later, a Chicago futures firm...

Sure I had all the hardware, software and knowledge about contango, findangdo and fupwhipfah; but despite heavily investing in trying to earn a living trading I walked away with nothing.

Here's what I learnt:

1. The past cannot be used to forecast the future.
Trying to do so is a form of "divination".

2. I never had enough cash to be a capitalist.
If, for example, I bought McDonald's Corporation stock;
To purchase an annual income yield of $40k I'd need to buy $1.7m of stock.

3. If I even had $40k now then I'd buy a pick-up truck, some garden tools, print my name on some leaflets and put them in letter boxes myself.
Why? because then I'd be investing in myself... and I'd be a capitalist who truly owned the assets which yield profit.

4. In relation to the above; women actually prefer regular men with work-stained clothes over screen addicts with big bank balances. It's in their nature.

"women actually prefer regular men with work-stained clothes over screen addicts with big bank balances"

I don't see any construction workers dating supermodels. When you date women, you have to dominate them both in and out of the bedroom.

 

[Xela]

I don't see any construction workers dating supermodels.

I don't either, but I do see plenty of supermodels commenting in interviews that they find it (surprisingly?) difficult to get a date, which they commonly attribute to the "normal guys" they'd actually like to meet not having the confidence to approach them.

When you date women, you have to dominate them both in and out of the bedroom.

This observation is ridiculous, sexist bullshit prompted by the objectification of women and the reduction of women in Western society to a sociocultural "submissive" stereotype which has absolutely no underlying basis in reality.

 

[speedo]

"women actually prefer regular men with work-stained clothes over screen addicts with big bank balances"

I don't see any construction workers dating supermodels. When you date women, you have to dominate them both in and out of the bedroom.

 

[learner2007]

When you date women, you have to dominate them both in and out of the bedroom.

This observation is ridiculous, sexist bullshit prompted by the objectification of women and the reduction of women in society to a sociocultural "submissive" stereotype which has no underlying basis in reality.

That's one way to put it. But in short, he's lower than whale shit!