Is greed good?
- Thread starter dealmaker
- Start date
Yes. Greed is Good. 
Just make sure you end up on the good side of it all. -- there will always be casualties...just don't plan to be it.
it's the hippies and losers and democrats...that claim Greed is bad.
Just make sure you end up on the good side of it all. -- there will always be casualties...just don't plan to be it.
it's the hippies and losers and democrats...that claim Greed is bad.
Only if the next stop in your "trading" career is that of a scam/ripoff artist. Being a greedy loser strangely appeals to idiots seeking advice from "experienced" traders like that. Big Mike (Michael Boulter) is an excellent example of how this can work.
Who is Big Mike?
I think being Greedy might actual work against themselves, like they planning to make it all, cause I have noticed those who are very greedy, somehow they get screwed well by life of attorneys. Hunt brothers tried to corner Silver market, just how long did Madoff think he had before it crumbling down-ass had one million buck birthday party? Put that sob on chain gang in the south capturing alligators out of canals... Then let's see 20/20 make a show out of that.
Or get rid of the Asian carp
What's the problem? Big Mike's an excellent source of trading ideas / info. Since grown beyond those discussions/indicators, but doesn't mean it's not a good service for many.
If you can't back it up, better withdraw such comments. If there's some substance, then there'll be something to consider.
Watch Streisand Effect in action:
Big Make Trading Forum
(Moderators, just remove link above if inappropriate. I've no affiliation with it though, just curious why haters need someone to hate, oh wait, that's it!).
BM owner could be a bit paranoid at times,i`ve been accused of piracy of the GOM stuff once,which i just downloaded from the NT support forum and posed a question about GOM on BM.One of the most prominent BM member,which i`ve benn working with since 2010,tried to defend me,but BM stood firm.So he`s banned me and cancelled my elite membership,but that`s fine,i didn`t steal anything anyway(i wonder how one could steal GOM stuff at all???).Nonsense...All in all BM was a great trading resource to me.
To me,i like ET more.
p.s. at that time i thought,that BM also was so after that 100 membership,so he was treating non elite members at times as garbage.That what it seemed to me at that time.Posing one selfe like the most righteous dude on the net,althoug all the merits belongs to the guys who put their work for free on BM.Just thouhgts...
Selfishness goes hand in hand with greed imho. A sorta tunnel vision of one's own interests. There are other people out there. Leave some crumbs for them too. John Rockefeller is reputed to have given 10% of his earnings to his local church. Let's hope they didn't waste it. Crooks are basically greedy for themselves. Only the law pulls them up short.
L
lovethetrade
Depends in what context you're referring to "greed".
In terms of a purely capitalist system such as financial markets, yes, greed is good because it motivates you to increase profitability which is the only objective of trading.
Greed is not good if it makes you reckless or diminishes your risk/return profile.
In terms of a purely capitalist system such as financial markets, yes, greed is good because it motivates you to increase profitability which is the only objective of trading.
Greed is not good if it makes you reckless or diminishes your risk/return profile.