***my First Post***
- Thread starter I Trade 4 Money
- Start date
One word - rotating credit cards.Quote from I Trade 4 Money:
I'm going to get a loan for 30,000. Since I have good credit, I can get a loan for less than 8%. Put that 30,000 with my other 30,000 and now I have 60,000 in my account. With 2:1 leverage that's 120,000.
At least he ain't getting his balls riden!Quote from otcstockfund:
are you TexasLimitKing from fulltilt?
<img src="http://pic16.picturetrail.com/VOL648/2542213/10830031/195233170.jpg">
interesting note:
Phil Ivey (158,203.00) 25 sessions.
Ouch. i would say hes the Short Sell version of phil ivey. Lets call him Ivey Phil.
Phil Ivey (158,203.00) 25 sessions.
Ouch. i would say hes the Short Sell version of phil ivey. Lets call him Ivey Phil.
actually funny side note on that that list is most of the money made by the top guy there was off some 19-20 yr old that had won 1 mil in a tournament, and i remember him saying he was gonna put that money away for investments:eek:
This guy is hilarious, is this what will become an idiot savant? Maybe it's just a concept of maturity and you will eventually fill the gaps when you are older.
You really have a long way to go, mostly because you don't have the right mentality to trading. Is it plausible that something you learn turns out to be false? Don't take your past experiences, hell even books as something that's definitively true.
I'm interested in your poker career, did you live off that? How profitable were you and what stakes did you play at? What would you say are the most important things you learned while playing poker, with experience or books, without talking about EVs, risk management etc. What was your strategy?
Here's a great example, there was this guy I was playing with that was getting bullied by the guy on his left, he kept folding all the time. I ask him if he knows he's getting bullied he says :"I play online, you would never play in these situation there." but he didn't know, because he missed the critical human factor, online he probably played against fish or in limit games. Yet the guy was capable of calculating pot odds, etc. Are you THAT guy, or the one who's bullying?
Here's another example, if trading is so easy to become rich how come not everyone is doing it full time? No answer? You need a maturity level or maybe a global understanding of sort, right now you sound like the guy who says "Nothing beats rock, good old rock!"
Just out of curiousity, how long have you been trading and what makes you say that I don't have the right mentally for trading?
I'm a competitive person. I view money as a point in a scorecard. It's a way of keeping score. I love trading too. I love the freedom it gives me. I love the fact that I can take away money from other traders who don't know what they're doing. I love the process of finding a stock that has a nice risk/reward ratio. I love the challenge. I love the learning process. I love the fact I can use leverage to increase the amount of money I can make in a short amount of time.
i have been trading for almsot 7 years of which 5 were profitable. I have not had a down quarter since '00 and only 4 down months since '00.
i can definately tell you that you have the wrong mentality for trading. You wont realise it for maybe a yr or two cause the SP500 has been booming and ull probably make good profits on teh back of that.
The pain will come when we move into a bear market or choppy sideways market. If your mentality hasnt changed by then ull lose everythign u make + alot more. your "high probability technical setups" will probably become high probability losses in a sideways/bear market and if your not diciplined u can wave your cash bye bye.