Jason Shapiro’s journey

[dealmaker]

Daily Speculations – Jason Shapiro’s journey
Posted on 15 August, 2007 | 4 Comments
A long flight gives Jason Shapiro the time to do some thinking about his journey as a trader:

I have been involved in investing and trading the global markets for 18 years now. I’ve really never done anything else, never wanted to do anything else, and through thick and thin, which included more than one trip to the welfare line and some really cool sports cars, never tried to do anything else. For at least seven of those 18 years the money I have been trading has been 100% my own, and for many of those years nearly all the money I had. This has given me a different approach from most, since trading other people’s money while earning a 2% management fee or while taking in a nice salary while you hope something good happens can give a level of comfort I was not blessed with coming out of the gate. Whenever someone asks me how to learn to trade my response is that it’s easy to learn — take every dollar you have, put it in a brokerage account, put it all on the line, and I promise you will learn very quickly how it works. I don’t mean to be glib. It’s just that this is exactly how I did it so I know of no other way.

From Daily Speculations, my favourite web site … okay, second to Google.

 

[fan27]

Whenever someone asks me how to learn to trade my response is that it’s easy to learn — take every dollar you have, put it in a brokerage account, put it all on the line, and I promise you will learn very quickly how it works. I don’t mean to be glib. It’s just that this is exactly how I did it so I know of no other way.

That is an interesting take on learning to trade. Sure as hell beats years fooling around in a SIM account.

 

[themickey]

Daily Speculations – Jason Shapiro’s journey
.......From Daily Speculations, my favourite web site … okay, second to Google.

Hmmmmm, what kind of garbage writing is this about....?

always remember that one of the main purposes of markets is to induce vig to make the public churn and generally to do the wrong thing

no betterexample of this is gold..itwent dlwncontinuusy 200 bucks about 9 in 10 days lat 2 weeks.whetherbitcoitnwent up or downwhether sp was up ordonw,whether thewokes were inascendancy ornnot. then out of clear blue sky yest it went up 40 bucks

np better example ofhtis is how the market movesaroundat the opening it goes above andbelwo teh sogi byy5 points. the only way you ca catchit is to do a market order..the high frequency boy beat you and create 1 fuull pointn of vig . i.e if yuselll a=whenits at 55 you're lucky

upi get 5375 for morehtna 5 contracts. if you try to disgusie your order, the clearing firms alll have algoriths to repor tyou to the excange. you have to sign a a doc when they haul you infor hiding your limits that you wont reveal the star chanbericeedings. if you try to

simulat e to reduce the vig edge,they charge you for spoofing. and the courts amaingly have been convinced that trying to lelvel the playingfield inone or a dozen ways is a crime where the punishment can be 1000 times the dollars at issue.

a numberof bkgmediasent memosoutthatwe face uncertaintimes and stocks coud go down for a hundred different reasons. are there more reasons now than the average of the last 100years. andif so is it bullish orbearsih. my favorite newspaper is one of the main culprit in this

but i have tos ay that the big data srive provider was 100% bearish before the electionto create a terriblel aura . but now they are much more neutral . again is this bull or bear:

 

[comagnum]

The first 1,000 years are the hardest.