You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
It is IMPOSSIBLE to make money in the markets
- Thread starter Ripley
- Start date
Quote from riskarb:
Andy Priston. Taking liquidity in FUTURES and making 8-figures year-in, year-out. Certainly your Master doesn't qualify, but Andy does.
the ex-refco guy?
does braveheart posess informational advantage to "take liquidity"? i'll ask him on tuesday.
i do not have any master.
thank you,
surfer
Quote from marketsurfer:
does he posess informational advantage to "take liquidity" ?
i do not have any master.
thank you,
surfer
You're not familiar with the term? It refers to taking, not making, a market. He trades the EUR yield curve. Surfer, were you dropped on your head as a child?
Uh yeah, if you consider a Bloomberg sub an "informational" advantage.
Quote from marketsurfer:
show me a trader in any product, without informational advantage, who has made consistent, worthwhile profits for 5 years without severe drawdowns.
i'll venture to say, they don't exist.
surf
What do you consider worthwhile? If you count six figures average with never having a losing month more than -$3k in 6+ years then count me in. At least I think I exist.
Nitro thanks for the props!
Skilled professionals making good livings exist in every field including finance.
To decide that none exist because some of you folks are having difficulty is just silly.
As I said before I am sorry that you (Ripley, Marketsurfer, etc) find the work so difficult. I suggest that you obtain good professional training. If you are unable to do so, if you cannot make a stable living in this industry, perhaps it is time to consider another profession. You can after all still participate in the markets as investors and perhaps with less pressure to perform you can make a better life for yourselves.
Good luck
Steve
To decide that none exist because some of you folks are having difficulty is just silly.
As I said before I am sorry that you (Ripley, Marketsurfer, etc) find the work so difficult. I suggest that you obtain good professional training. If you are unable to do so, if you cannot make a stable living in this industry, perhaps it is time to consider another profession. You can after all still participate in the markets as investors and perhaps with less pressure to perform you can make a better life for yourselves.
Good luck
Steve
Quote from steve46:
<b>Skilled professionals making good livings exist in every field including finance.</B>
of course, no one said they did not. my contention is these professionals who last have "informational advantage". some who do not posess this advantage will have uncanny streaks of good luck, but will be in for a big surprise when tested with real size or their short term edge ceases to exist, if they don't quit or find "information advantage" first.
<b>To decide that none exist because some of you folks are having difficulty is just silly.</b>
my statement is based on knowing several individuals who have hired dozens of traders between them with supposed edges and discovering next to nothing when these edges are tested. its not a personal statement
<b>As I said before I am sorry that you (Ripley, Marketsurfer, etc) find the work so difficult. I suggest that you obtain good professional training. If you are unable to do so, if you cannot make a stable living in this industry, perhaps it is time to consider another profession. You can after all still participate in the markets as investors and perhaps with less pressure to perform you can make a better life for yourselves.</b>
i have a very good life, thank you.
best,
surf
<b>Good luck
Steve </b>
Again you are incorrect. You seem to be making a career of that.
Good professionals don't need any "advantage" other than their own skills. Reading your comment, it is clear that your own background did not prepare you adequately. If you had received proper training you wouldn't be suggesting otherwise. I don't really have a lot of patience for this bullshit....either you have it or you don't. Based on YOUR comments, you don't....
and finally I am not really interested in your quality of life issues.
Good professionals don't need any "advantage" other than their own skills. Reading your comment, it is clear that your own background did not prepare you adequately. If you had received proper training you wouldn't be suggesting otherwise. I don't really have a lot of patience for this bullshit....either you have it or you don't. Based on YOUR comments, you don't....
and finally I am not really interested in your quality of life issues.
Quote from Dustin:
What do you consider worthwhile? If you count six figures average with never having a losing month more than -$3k in 6+ years then count me in. At least I think I exist.
For the record, I know i'm small time compared to a number of guys on ET, but most of them don't seem to want to talk about it. I get enjoyment showing the naysayers that it can be done with some effort and determination.
Quote from Dustin:
For the record, I know i'm small time compared to a number of guys on ET, but most of them don't seem to want to talk about it. I get enjoyment showing the naysayers that it can be done with some effort and determination.
without you having "informational advantage" your performance is indeed very rare. i am impressed!
nice going,
surf
Quote from steve46:
Again you are incorrect. You seem to be making a career of that.
Good professionals don't need any "advantage" other than their own skills. Reading your comment, it is clear that your own background did not prepare you adequately. If you had received proper training you wouldn't be suggesting otherwise. I don't really have a lot of patience for this bullshit....either you have it or you don't. Based on YOUR comments, you don't....
and finally I am not really interested in your quality of life issues.
Exactly. Ask any successful discretionary trader what they feel their edge is. Invariably they'll not have an answer for you. Any monkey can exploit a information arbitrage.