I thought you were gonna try and corner the doggy-treat biz. https://elitetrader.com/et/threads/amzn.316504/#post-4588147
I walked away from trading with nothing after more than five years.
- Thread starter GeorgyHoldsworth
- Start date
Small business development is a really risky proposition. (so is being a new trader as well) -- and it can take years and years to initially break-even.
While a successful trader (can) makes small business owners look like minimum wage workers.
A single trader can produce the net profit that a small corporation makes. -- Just one person, can match the net profit that a small corporation makes...that's leverage.
Creating a business concept product is more for fame.
Top traders like Japanese traders CIS and BNF and Dan Zanger...while the money is awesome, it's rather lonely and boring and quiet.
A great trader can really exponentially grow;
While a local small business is limited to net 10 or 15% or 20 tops return on their equity money in the business annually.
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Nuh uh. I gave it up in 1999 due to a sudden unexpected reaction to caffeine (after drinking many many cups per day for 5 or so years), and haven't looked back since. I do miss it though.
Hehe, an irony on that is I have some friends who keep sending me Starbucks gift cards for X-mas every year. I just don't have the heart to tell them they are sending the wrong giftcards since I can't enjoy them for what they are meant for. I guess I can try some of their foods, but they all look gross.
Coffee is the number two most traded commodity in the world. Number one is crude oil.
Jeez vanz, what is it with you? Always money money money. We were talking health effects of coffee. lol! I don't trade ICE products in retaliation to their fees.
MattZ
Sponsor
I respect your decision to walk away and looking into other ventures. This is not for everyone.
But I see that you have listed a number of clearing firms with a specialty in different asset classes.
If you "jumped" from one asset to another, I may present certain challenges. I am not saying that an experienced trader could not trade all, but the differences between leveraged, non-leveraged, exchange and non-exchange products are so wide that a beginner should really narrow his/her focus. Just my opinion.
The central conundrum to every trader is the question…..are the markets random or not?
The reality however is that the market is a random walk much of the time punctuated with periods of non-random directed price behaviour. The market exhibits behaviour characterised by fat tails. What this means in statistical terms is that markets carry more risk than what normal distributions characterised by random Brownian motion imply.
Real world events induce abrupt change to otherwise well-behaved markets creating extreme variation within these otherwise random conditions leading to a significant proportion of overall price variance. In mathematical terms market movements are therefore better characterised by the term Levy Flight, which is a class of random walk, in which step lengths have a probability distribution that is heavy tailed…..anyway enough with the jargon. https://www.raftradingsolutions.com/dont-be-fooled-by-market-randomness/
The reality however is that the market is a random walk much of the time punctuated with periods of non-random directed price behaviour. The market exhibits behaviour characterised by fat tails. What this means in statistical terms is that markets carry more risk than what normal distributions characterised by random Brownian motion imply.
Real world events induce abrupt change to otherwise well-behaved markets creating extreme variation within these otherwise random conditions leading to a significant proportion of overall price variance. In mathematical terms market movements are therefore better characterised by the term Levy Flight, which is a class of random walk, in which step lengths have a probability distribution that is heavy tailed…..anyway enough with the jargon. https://www.raftradingsolutions.com/dont-be-fooled-by-market-randomness/
Price can move either up or down, either between previously visited price levels or towards new unknown ones which are higher or lower than any previously visited. The wide range of behaviours available doesn't mean its doing any of these things randomly. Price behaviour is only truly random on a micro scale.
I agree, but look at it from the point of 'markets carry more opportunity' than a Brownian motion distribution would imply.
H.
Guys, trying to 'understand women' is about as futile as trying to 'understand the markets'.
Some people would rather 'understand the markets' than learning to trade and earn money just like some would rather 'understand women' than have a functioning healthy relationship.