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

Schweiz...your response doesn't make sense. There can be advantages like attracting capital, emotional rewards (like an ego boost) from showing a P&L.

If someone is 'for real' they should have no issue with showing you the objective numbers. I am not talking about their trading strategy (that can be a trade secret) but their risk adjusted P&L.

What you post is your opinion, but not that of the traders you are aiming at, so how can you speak for them?
These traders might not be interested in attracting capital. It is typical that losers always speak about making/managing billions. If a trader makes really good money he might prefer less hassle and less annoying clients, no expensive administration (disclosure documents, CFTC, NFA, audits, clients going to court...), no security risk of staff stealing his know how...
They might also have issues with it. Big money attracts criminals and can cause a danger for the trader or his relatives, and all this without getting anything in return.

Good traders also have no ego, and even if they would have they don't need to boost it from other people, as you apparently don't seem to know.

Read this story, that might be useful: https://bemorewithless.com/the-story-of-the-mexican-fisherman/
 
CSE trader...and now another one...you both sound very mystical :)

I refer you back to my post about the 'Scientific Method'

The moment you start talking about Yoga and magic you may be in a cult .. If you have been on the receiving end of any of the methods of the video below then you could be in a 'trading cult'... although my statement is 'tongue in cheek'...on a serious note you may recognize some of the psychological methods in the video.

 
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Maybe because like most traders (as they tell) he ran out of luck and lost everything?
Ha ha. Sure. The fun thing is you'll never know whether I am a sad loser like most people on trading forums or someone who has had the sheer luck to make a few Bob and keep it. That's the magic of the internet - full of sound and fury signifying nothing.
 
I was merely in the right place at the right time. Nothing I did involved any skill or trading. Its much the same for the hedge fund managers I know.
 
My money would be on Zenostiffler :) The truth has a funny way of setting you free. Also, it helps you make decisions better.

On another point, I don't expect to make many friends with the truth. But I find that the minority of people who gravitate towards it and who are not afraid of it...are worth knowing.
 
Maybe they didn’t know how to short? ROFL

That. Not knowing how to short and also, not practising proper risk management. Optionsellers.com had control of how much monies? $200 million yet, managed to lose it all?
Lack of risk management is probably, one of big reasons traders implode and lose it all! I will agree that some traders go as far as to believe that they can ignore the risk to their capital. If they do believe that they can trade without proper risk management----they are doomed to fail!
 
I left investment banking aged 34 and made a fortune flipping IPOs. There was no skill involved and very little work. That was in 1992. I spent many years living in Switzerland skiing every day in the winter and hiking in the summer. I would flip IPOs as soon as they started trading and often put the sell orders on by mobile phone from my snowboard.

From about 2003 I wasted a great deal of time backtesting trading strategies and looking on on forums. It was for a few years that I realised forums were puss and wind and populated mostly by fools.

I am aware that I will win few friends with my comments. Most people just don't want to face reality

I made a great deal of money when the dice were heavily loaded in my favour. That's how you make money. I was a legal version of Bobby Axelrod in a small way. We had 30 traders and in good years turned over 1bn USD. Sadly those days are long gone.
You can do it again.
 
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