Is Trading Itself a Bad Trade? I Analyzed the Industry- Prove Me Wrong
- Thread starter cityboy12
- Start date
No one...i repeat not anyone on ET could master “surf”. Why he had guaranteed price drivers....LOL
Sadly the machines took his price drivers to task and drove them right out of the markets...Maybe you can after buying and reading his book:"Beating the machines."
Surf was attempting crypto's wasn't he?
Sent him broke?
Now here is a guy not cut out to be a trader imo, no amount of wishful thinking would work.
The only way would be if he were locked in a cave up the Himilayas somewhere with a cable running hft direct into the stock exchange and the ability to front run.
Sent him broke?
Now here is a guy not cut out to be a trader imo, no amount of wishful thinking would work.
The only way would be if he were locked in a cave up the Himilayas somewhere with a cable running hft direct into the stock exchange and the ability to front run.
And no communications with any ET’ers to break his concentration and influence his strategies. It is possible that the pressure was such on ET that he lost faith and belief in his methodologies and could no longer focus clearly on them, hence abject failure. However, he might have sold a few books to make up for it. And he was a pretty good sport through all the railings he went through. With pistol pete by his side and the famed alum bottom fishing skiff he just might have succeeded if us ET’ers could have shown more moral support??? Did WE LET THE SURF DOWN??
No!
Surf let himself down with a couple of spectacular journals, 'The Surf Report' - short YM prediction and all YM did was go up and 'Marketsurfer's bold gold proclamation' - all gold did was go up.
https://www.elitetrader.com/et/threads/surf-report.306890/
https://www.elitetrader.com/et/threads/marketsurfers-bold-gold-proclamation.123557/
Lotta fun though....especially when tearing your hair out.
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%% NEVER met him[ES[ trading tribe]; but enjoyed his Jack Schwager top trader interview.
Really, most men are blunt+ think nothing of it unless their best female friend , or mom LOL points it out out........LOL
Viewers,
I want to thank you for your recent comments, they appear to be more interesting and thought-provoking than the attacks earlier in the forum.
To contribute to this discussion. In my opinion, there is a clear difference between:
1. Having a positive passion (aka obsession or 'calling') for an endeavour - for example, a person with artistic personality characteristics would be more passionate about creative activities.
2. Having an endeavour that 'pays the bills.' In other words, society/the economy values the person enough to pay him well. Or to put it another way, you provide a service/product which 'the market' values enough to pay you well for it.
3. Ideally, somebody would pursue an endeavour that is both 1 & 2.
I think too many people on this thread have their minds confused/infected by the 'follow your passion' psychobabble out there and this has affected their decisions about their trading. I agree that a passion for something can motivate you through grinding boredom and set-backs. However, unless number 2 above takes place you are, unfortunately, misguided in the direction of your work. The ultimate goal is to make a profit or achieve quantifiable success.
Here is an example of 'passion psychobabble'. Jeff Bezos tells everyone to 'follow their passion'. However, in the next video you will see people who work for him in his fulfillment warehouses (some of whom are driven to suicide by exhaustion and the horrendous conditions).
I spoke to an English literature graduate (who told me he followed his passion when he chose his degree) who worked in such a warehouse. He had an appalling story.
Similar contrast with Steve Jobs and Chinese workers throwing themselves out of windows to commit suicide.
In other words, I would suggest combining your passion with a skill that has value to society/the economy enough that you will be ultimately paid for it. Perhaps measured by a positive risk-adjusted P&L? Of course, if you refer to the title of my thread, the evidence suggests trading itself might not be the best 'trade' for this (except for a tiny minority).
Of course, Bezos follows his passion and gets paid for it (1&2). His mistress, private jets, multiple homes, skin care program and great tan are a testament to this. The English literature graduate I met had to urinate in a bottle in one of his warehouses (1) to hit his targets and avoid getting fired.
Both followed their passions. One of them drinks expensive wine from his bottles.
I want to thank you for your recent comments, they appear to be more interesting and thought-provoking than the attacks earlier in the forum.
To contribute to this discussion. In my opinion, there is a clear difference between:
1. Having a positive passion (aka obsession or 'calling') for an endeavour - for example, a person with artistic personality characteristics would be more passionate about creative activities.
2. Having an endeavour that 'pays the bills.' In other words, society/the economy values the person enough to pay him well. Or to put it another way, you provide a service/product which 'the market' values enough to pay you well for it.
3. Ideally, somebody would pursue an endeavour that is both 1 & 2.
I think too many people on this thread have their minds confused/infected by the 'follow your passion' psychobabble out there and this has affected their decisions about their trading. I agree that a passion for something can motivate you through grinding boredom and set-backs. However, unless number 2 above takes place you are, unfortunately, misguided in the direction of your work. The ultimate goal is to make a profit or achieve quantifiable success.
Here is an example of 'passion psychobabble'. Jeff Bezos tells everyone to 'follow their passion'. However, in the next video you will see people who work for him in his fulfillment warehouses (some of whom are driven to suicide by exhaustion and the horrendous conditions).
I spoke to an English literature graduate (who told me he followed his passion when he chose his degree) who worked in such a warehouse. He had an appalling story.
Similar contrast with Steve Jobs and Chinese workers throwing themselves out of windows to commit suicide.
In other words, I would suggest combining your passion with a skill that has value to society/the economy enough that you will be ultimately paid for it. Perhaps measured by a positive risk-adjusted P&L? Of course, if you refer to the title of my thread, the evidence suggests trading itself might not be the best 'trade' for this (except for a tiny minority).
Of course, Bezos follows his passion and gets paid for it (1&2). His mistress, private jets, multiple homes, skin care program and great tan are a testament to this. The English literature graduate I met had to urinate in a bottle in one of his warehouses (1) to hit his targets and avoid getting fired.
Both followed their passions. One of them drinks expensive wine from his bottles.
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