Is it possible to become rich by trading?

[FreakofNature]

if it is possible so why people choose to quit it?

You would have much better odds investing, between slippage, bid/ask spread, commission, human error, daytrading especially, is a negative expectancy endeavor unless you have a very solid edge; the kind that is invaluable, not taught, not sold.

 

[InTheMaking]

%%
Possible, but the[debtors mostly] who lost it buy/redeem most tax property, if its any good. Could work, unless you live in sand state + we have 2008 again, which is possible but a bear market happens more in stocks than RE.I dont consider TX a sand state.AS far as making/ keeping 2 or 3 years in profit in one month..... that could work with with 300..... in Dallas TX. 300 acres in downtown Dallas, but that that is an old joke .LOL

Are you in the same city as me? Dallas area, rt?
Aren't you seeing the rent rates go through the roof? There's a reason why there is lots of construction going on here.

But, I'm realizing that I'm the bigger idiot. Come to a trading forum to talk about the magic of real estate,

 

[murray t turtle]

Are you in the same city as me? Dallas area, rt?
Aren't you seeing the rent rates go through the roof? There's a reason why there is lots of construction going on here.

But, I'm realizing that I'm the bigger idiot. Come to a trading forum to talk about the magic of real estate,

%%
OK; ive only invested in RE for 20 + years but i never knew RE was magic. So OK dont think you are an idiot.,but that was a joke about 300 acres in downtown dallas!!Godspeed

 

[DeltaRisk]

I wasn't the OP
Merely responded to the OP suggesting that once you make immense amount of wealth through trading, you diversify. By "de-correlate", i used it as a verb form to take asset classes and try to uncorrelate it from assets in the market.

Capital preservation.

 

[InTheMaking]

Capital preservation.

Thank you!

 

[InTheMaking]

%%
OK; ive only invested in RE for 20 + years but i never knew RE was magic. So OK dont think you are an idiot.,but that was a joke about 300 acres in downtown dallas!!Godspeed

I do every sort of RE deal except for get a single-family residential and get tenant for a 1 yr lease. This is akin to buying 1000 shares of IBM and getting rich from the 3 to 4% yield.

There are much more interesting RE deals through Apartment investing using OPM (syndication), land deals and parcelize it. If you know the Dallas market, not all parts of Dallas has had appreciation. There is several mispricings for both land and properties in certain pockets of our city. Same as there are mispricings with stock when there is panic selling. With stock, I have to buy whatever the market gives it to me at. With RE, I can negotiate and certain cases do more creative deals.

Anyways, we should connect up. Do you attend any of the local Option Traders meetups?

 

[Gueco]

where are you, the real traders???

 

[speedo]

Ahh, greeks. That's an options thing, yeah? Maybe if you had posed the question like this...

"Is it possible to become rich by trading options?", and posted it in the options forum and couched your "de-correlating asset classes" as you call them into a coherent and well-thought-out summation of what your idea about it all is, maybe you would have received more cogent responses.

Just a guess.

P.S. I think the word you are looking for in your context is "uncorrelated" asset classes.

You cannot decorrelate asset classes which are already correlated. They do not do so just because you want your algo make them do it.

 

[InTheMaking]

where are you, the real traders???

What's the definition of a real trader?
- Number of trades per month?
- Account Size?
- Account Growth?
- A threshold for the Ratios - Sharpe / Calmar / Sortino?
- Comissions Spent?
- Number of Underlyings?
- Types of Underlying?
Option / Futures / Equities / Forex / Crypto (Ugh)
- Number of Strategies?
- Chartist? Fundamentalist?

Just because I'm passionate about Real Estate, doesn't make me any less of a trader. Real Estate made me a better trader and trading made me a better RE guy!

 

[InTheMaking]

where are you, the real traders???

You see that building? I bought that building ten years ago. My first real estate deal. Sold it 2 years later, made an 800,000 dollar profit. It was better than sex. At the time, I thought that was all the money in the world; now it's a day's pay.
-- Gordon Gekko (Wall Street, 1997)

You see even Gordon Gekko was a RE trader before he was in securities.
A good trader needs to know how to trade anything! Real-Estate, Stocks, Commodities, Options, Warrants, Bonds, Fixed-Income, Currencies, Cars, Equipment, Planes, whatever. And when he can't trade and stuck with the asset, he needs to know how to generate income and sell premium for it!