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

[Visaria]

1. Ed Sekoyta is washed up now, I believe, and teaches to trade
2. Cohen (watch the video above) was never good as a trader in the first place but traded off of insider information. He never went to jail though (but his employees did).

Ed Seykota is trend trading and making a fortune.

Steve Cohen is a great trader and never used inside information.

Please prove me wrong* on either or both of the above assertions. If you can prove me wrong on the second one, you'll make some money from the US Justice dept.

*I refer you once more to the title of this thread.

 

[Visaria]

You both are saying OP is making a sales pitch for XXX?

I noticed that the reply he gave me in a PM was similar to something I've read before...but only twigged today that it was from Anton's video lecture.

 

[themickey]

After posting a thread on this forum, I was shocked that, instead of receiving lots of questions

…..I was bombarded with swearing, ad hominem attacks, conspiracy theories, labeled variously as a ‘loser’, ‘failure’ etc. Truly very very surprising. I had no agenda and was not selling anything, In fact, in once incident, one individual asked me to PM him, I sent him some guidance as to how to avoid being scammed by brokers (free of charge or agenda and just to help him). He immediately stabbed me in the back and publicly slandered me without even thanking me a few hours later.....
I will not be spending as much time on this forum. Please feel free to PM me if you have any questions.

There's your answer, this guy is a gentleman.

 

[Nobert]

People can't do something themselves, they wanna tell you you can't do it. If you want something, go get it period... You will come across losers on a weekly basis, don't bother trying to re shape how they view things. If they viewed things right, they wouldn't be losers in the first place

Amen to that.

 

[comagnum]

Cry me a river. Any endeavor that has potential big upside with consequences like losing your bankroll, easy public participation, and requires hard won advanced skills - including psychological, will have a high churn rate. Consistently profitable traders will tell you it took them 5-10 years to hit their stride.

Few have the drive required to endure the learning curve which always takes a lot longer & eats more in market tuition than most ever could have imagined.

Only 8% of those that make new years resolutions ever achieve them and the attention span of people these days is less that of a goldfish, which should explain the high churn of would be traders.

90% of fund mgrs from ivy leauge schools fail to beat the benchmark S&P 500 and the analysts have a track record on par with a broken clock. It's not just retail that sucks!

 

[JB1234]

So no one recommends AK course ?

 

[heypa]

So no one recommends AK course ?

As a watcher I intended to finally post,but I have changed my mind.I'll just say that I enjoy reading clever verbal jousting.

 

[Visaria]

In fact, in once incident, one individual asked me to PM him, I sent him some guidance as to how to avoid being scammed by brokers (free of charge or agenda and just to help him). He immediately stabbed me in the back and publicly slandered me without even thanking me a few hours later.

I asked him to PM me the name of the firm that he had worked at, instead he made some excuses up and accused me of trying to unmask his identity and then just copied and pasted some guff about trading. Basically wasted my time and so i 'stabbed him in the back!"

 

[themickey]

I asked him to PM me the name of the firm that he had worked at, instead he made some excuses up and accused me of trying to unmask his identity and then just copied and pasted some guff about trading. Basically wasted my time and so i 'stabbed him in the back!"

LOL

 

[volpri]

I asked him to PM me the name of the firm that he had worked at, instead he made some excuses up and accused me of trying to unmask his identity and then just copied and pasted some guff about trading. Basically wasted my time and so i 'stabbed him in the back!"

So you are the self-confessed back-stabber? ROFL.....I think you might have unmasked him anyway....