Legal Question Regarding Trading Other People's Money

Quote from nLepwa:

It amazes me how the US government won't let you drive with a broken glas but THREE years after the 2008 crisis it still allows individuals to over-leverage to hell.
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In fact, the way it is is very consistent. Both go towards supporting business.

When car glass needs repairing, someone is making money and when someone is recklessly borrowing someone else is making money.
 
Quote from the1:

Bingo! MSFT doesn't make the best OS but they are Marketing Champions. Same goes for trading OPM. You can be an average trader but if you're top shelf at marketing yourself you'll be very successful.
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Too true. You can actually have shit results but still make a fortune with managed money via your marketing.
 
You're close to know the ultimate truth- people do not seek or want performance. All they want are illusions, lies, fairy tales.

if you have skills to supply these things, you're a huge success.

look what happened to the wise men who wanted to deliver real value to the society: jesus christ, nicholas tesla, osho, wilhelm reich, j.f. kennedy: all murdered. it does not pay off to be good.
 
and greenspan, bush, kissinger, madoff, bosses of big pharma corporations, etc. are living in luxuries.

so, give your clients the worst experience as possible while acting like a guru, star, celebrity and they will love you for it.
 
Quote from achilles28:

If you're serious, start a journal in the journals forum. Post live calls with stops and tp levels. If you're profitable, investors will contact you. It's as simple as that.
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Is it that simple?

Maybe I will start that journal after all :)
 
Quote from achilles28:

If you're serious, start a journal in the journals forum. Post live calls with stops and tp levels. If you're profitable, investors will contact you. It's as simple as that.
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Quote from Laissez Faire:

Is it that simple?

Maybe I will start that journal after all :)
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"If you're profitable" :p

But .. of course, clearly everyone here is profitable.

It's that simple.

All living the dream.

All winners in the zero sum game..
 
Quote from joshuabelanger:

There are risks that may happen if you will do it. In trading, it is just like a game that you cannot say if you will win or lose.
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Sure you can .. at least on average.

Unless you have no quantifiable edge.

Because then you'd be a mindless punter .. playing for the thrill, loving the blind risk, the hope, the pain .. rather than being a robot hacking away to capture a marginal positive expectancy.
 
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