My first post; some observations on trading.

coming from retail trading and working my way to trading professionally, i believe that the game is very different, you are right, it is less risky (mainly due to leverage), and commission rates are very signifigant differences, however, there are also many other advantages to being a professional trader. The mindset alone allows me to look at this thread and shake my head with disgust. The good samaritan in me wants to help the people on this site become profitable and enjoy the wonderful lifestyle that trading can give you, but the trader side of my loves the fact that they keep giving me their money.
 
Quote from sjd231:

this is my first post on ET... I have been lurking a little while as I have several friends, including my mentor who run active threads... I am a professional trader,... I make money consistently each month, more in the last several years than I've made in my whole life. My colleagues are very successful traders, some have been trading on and off the floor for over 25 years, you're "observations" are actually "opinions" and opinions are like assholes, everyone has one and they all stink.
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So much wrong with your post.

Where's the ocnsistency in making more money in the last several years compared to your whole life.

If your colleagues are so successful why have they ever been off the trading floor. Why have they not retired ?

Finally no 'professional' - as you call yourself - would reply as you did in your final sentence.

abc1
 
Quote from arealpissedgoy:

Another piker bites the dust.

very few succeed, in Anything, because against all odds, they belive they can.

Most, like you, fail because of faulty societal norms which corrupt their thought process.
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Where has this concept of failure come from ?

abc1
 
Quote from sjd231:

coming from retail trading and working my way to trading professionally, i believe that the game is very different, you are right, it is less risky (mainly due to leverage)... however, there are also many other advantages to being a professional trader. The mindset alone allows me to look at this thread and shake my head with disgust. The good samaritan in me wants to help the people on this site become profitable and enjoy the wonderful lifestyle that trading can give you, but the trader side of my loves the fact that they keep giving me their money.
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I cannot believe you are suggesting more leverage implies less risk. That is an outrageous suggestion.

If it is that mindset which is allowing you to look at this thread and shake your head with disgust then keep shaking young man, keep shaking.

abc1
 
Quote from man:

useless. self contradicting. limited perspective.
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Depends what use you are looking for. My post was based on my observations and opinions from real life market participation. Read into it what you will.

Please expand on where you are reading any contradictions in my post.

Perspective is quite the opposite of limited. I could expand a lot but I'll save that for another day.

abc1
 
Quote from abc1:

Depends what use you are looking for. My post was based on my observations and opinions from real life market participation. Read into it what you will.

Please expand on where you are reading any contradictions in my post.

Perspective is quite the opposite of limited. I could expand a lot but I'll save that for another day.

abc1
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either you are a trader then how can you claim it is impossible,
since everything is random. that is contradicting. or you are not
a trader, then your post is not contradicting, just useless. and
if your perspective had ever extended to rentec, you would not
claim that edge is impossible.

funny topic for a first post. what did you expect out of this thread?
useful interaction? doesn't make sense in the first place, remember?
everything's random ...
 
Quote from abc1:

Very few make money - at least consistently. More importantly is my ultimate belief that there is no skill or secret to trading; that trading is pure chance.
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and that is the best example for selfcontradicting i read in quite
a while. how do the "few make money ... consistently" if "trading
is pure chance"?

you seem to not really mean what you write, just kind of ... maybe
you wait another year and give it another shot then ...
 
Man, another thread started by a loser who can't figure out how to make money consistently via trading....


Instead of keep posting here, Mr. Alphabet, just go get a corporate job because it's obvious that you do not have what it takes to become a successful trader.

Actually, with your attitude, I'm not sure if you have what it takes to be successful in any career. :D
 
Stocks trade at high vol during earnings season and less vol during the rest. Given that they report earnings 4 times a year, with a bit of research I am sure one can buy "straddles" during low VOL season to sell during earnings season.

http://tdairy.ponnur.com
 
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