Yes, but he is sort of minority AFAIK.
Negative Trading Experience
- Thread starter cornix
- Start date
Yes, but he is sort of minority AFAIK.
IMHO, the stories about the defeats of others will not help any future losers nor the future winners...
Que Sera, Sera...
Those, who has a will to continue, after reading your research probably will say "F@ck you all !", and will be right
Those, who will get scared after reading it, probably is scared already, and research will be just another justification to drop it while its not to late......and they will be right too.
Well, there are two motivational drivers: "away from" and "towards". The best effect is when both are used. So forgetting "away from" may simply be not optimal.
Here's some good stuff everyone should here should hear--- Tony Robbins ---Peter diamandis from the XPrize andhttp://ec.libsyn.com/p/1/2/6/126e64...1ce3dae902ea1d06c98530d6ce586baa&c_id=7715669
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Hmm... Soros?
Good hit-- he hired my friend Flavia Cymbalista to quantify his methods so that it could be passed down--- as you can imagine, I am uncertain of the outcome.
Soros also hires quant types like Niederhoffer but then again, Jim Rogers also worked for him---- but yeah you are right, good call. But I think he is the minority if what he says public is accurate.
So your information is most money made in markets is thanks to mathematical models?
No question about it--- from 1987 onward. Let's get real and admit that most money in the market is made by the market itself. I observed at KNIGHT for several days being able to ask questions and get answers based on what i was watching---- It was just sick, my visions of day trading were dashed by reality forever.
So it's a competition of algos fighting for microscopic structural edges?
Yes, and market makers trading against you--- they can see things that you can not. therefore, without edge or info day trading is luck--- can some folks make it-- sure-- just like some folks can consistently win gambling.