Is Trading Itself a Bad Trade? I Analyzed the Industry- Prove Me Wrong

cityboy12 said:
Zenostiffel appeared to be a guy who agreed with some of my thought-provoking conclusions (although I have never met or conversed with him before in my life).
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According to your profiles, you're both from London. Maybe you should look each other up sometime. ;)
 
destriero said:
You can't trade. You interpret the responses as confirmation (bias) that you're correct.
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OK, you were one of the posters who swore at me in a previous post with no justification. But I didn't take it emotionally.

Instead, I will loop back and repeat clearly what is written in the title and in a number of posts I have made. Very clearly for you.

The premise is not whether I can or cannot trade... the premise is that 'trading itself is not a good trade' if we apply conventional trading mindset/tools to it. It is in the title of the thread. In other words, that there are better trades out there with a better risk/reward than trading itself if we analyze it. How much more clearly can I spell it out?

On your point as to whether I am a good 'trader' or not...that is a side issue and is 'off topic'...but I will address it anyway...and I have already explained...the best traders trade when the odds are clearly and consisently in their favour (it is called 'an edge') and none of them is moronic enought to place a trade with a tiny fraction of a percentage of success with huge downside if other opportunities exist.Which is why, in my opinion, no retail trader will ever become a Steve Cohen.

In my case...the risk/reward was always in my favour in my roles as a portfolio manager or a stockbroker....I always made money. Many of the so-called success stories people mention do a similar thing (and I have given examples). They 'know the game'...witness Buffet ripping off the poor in their mobile homes.

If my clients lost money or made money....I always made money. Ergo...I am and was a good profitable trader. It didn't make sense to play against guys like me and become a retail client on the losing side of the trade...logically...I preferred to be on the right side of the trade.

It is a different mindset that I am trying to share with you...the mindset of a winner...a predator...and survivor. In a way...I am trying to 'raise you up' despite your insults.
 
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It's wonderful stuff here. How I love it. You never get disappointed when you come back for a quick laugh at the Elite Trader zoo. Bring it on!
 
destriero said:
I have an expired coupon for your book at 90% off. Can you send me another?
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I would send him one. But full price.

zenostiffler said:
It's wonderful stuff here. How I love it. You never get disappointed when you come back for a quick laugh at the Elite Trader zoo. Bring it on!
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Zeno, we should stop interacting...already there is talk of a conspiracy...:)
 
jayboy said:
Predators...some preliminary case studies
Buffet - very refined (due to his folksy exterior)- https://www.seattletimes.com/busine...how-a-warren-buffett-empire-preys-on-the-poor

I've had a GEICO auto policy for 40 years with no accidents. Recently a woman ran a red light and got in front of my vehicle such that my front corner hit hear rear corner. She had GEICO insurance as well. When GEICO insures both parties, they claim to assign separate adjusters in order to reach a fair determination of insurance liability. The investigating officer concluded that legal fault could not be determined, so I expected GEICO to assign insurance liability equally. It did not. It assigned me full insurance liability because "the other driver controlled the intersection." Right, she controlled it by running a red light.

I protested the decision and submitted video recordings of the signal cycle which demonstrated that my light was green based on a witness intending to go in the opposite direction to the woman being stopped at the light. And also on state law requiring the driver on the left, the woman, to yield. GEICO said it would review the evidence and probably relieve me of liability. Ten days went by. When I inquired, my adjuster's supervisor claimed that he had just left a meeting where "management" reviewed the case, and held firm to the "other driver controlled the intersection" conclusion. Sure you just got out of that meeting. How coincidental.

I am sure that GEICO decision was based on factors relating to its profitability. The woman was 25 years younger and could be a loyal customer far longer than I could. Or she threatened to claim delayed discovery of injuries and GEICO placated her. Either way, fvck GEICO and Buffet.
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Aren't you supposed to say "See u in court!"?
 
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