You sure took my comment personally! Never intended to be. I made a general statement questioning the usual responses I've read anytime a new and often inexperienced person posts about becoming a trader. More often than not they are disparaging comments.
Percentage % of Get-Rich-Quick members on ET?
- Thread starter short&naked
- Start date
I am new her and I am surprised by how negative and bitter many of the older timers are towards the new people. It's with great pains, long research, terrible stressed induced medical bills that one makes money trading, don't you know? How dare you think you can make money without paying your dues...
The questionnaire doesn't make sense to me. Who doesn't want to get rich quick here, even if most won't?would anyone seriously say they want to get rich slowly?
Define get rich ?
Seriously, to someone from a 3rd world country that put $100 dollars on Forex currency and in one trade turned it into $1000...
To that trader he / she just got rich (quick).
Therefore, you're correct as you stated...the questionnaire doesn't make sense and that bitterness you see towards new people is because as you notice...they sometimes post things that doesn't make sense.
My point, some new people here would think when someone say your message post doesn't make sense...its a trader that's negative and bitter towards new people. I'm serious, I've seen new people leave this forum after a few message posts after someone stated the words they're using, terminology they're using does not make sense.
Some of them are so offended when someone tells them that it doesn't make sense that they then go to the forum owner (Baron) to ask for that long time member to be banned from their thread...that's how easily a new person is offended from a simple statement that it doesn't make sense.
- Do you think you were being negative / bitter to the new poster when you stated it doesn't make sense ?
The funny thing is as a trader, you will be tested, not once, not twice but, multiple times. So, if a person aspiring to be one, is so onion skinned as to accept a valid criticism, you will find it even harder to be a successful trader. You will believe that you are invincible, the greatest trader ever, nothing will stop you from getting rich overnight. Until, the one big trade wallops you in the face and brings you back down to reality. You have lost all your monies or most of it and you vehemently, complain, the stockmarket is rigged. Nobody can make any monies. Then, you save more monies and give it a go a 2nd time and and a 3rd time and once, again lose all your monies again. You never learned and you never will. So much, for that get rich quick fantasy.
Yes.
The plan is made for 60 - 70 years ahead.
All i want is just 30% per anum.
But, if one has $10 000 and manages to keep the return of 30% per anum, that will turn into...
$946,312,684,517.29
~~Word~~
Now the tax question and inflation - that depends on the region. Size problems when you get pass $1B, all of that is irrelevant, it will be figured out during the journey.
Most important part is - sticking to that vision.
Don't get surprised so easily, since the real world is much more cruel.
Many as you say, still could be a minority.
Try to look through their perspective -
if you were in your 60's and you have seen the elephant. You have the knowledge, experience, contacts and resources. And a random newbie shows up and starts preaching about BTC going to $1Mil.
Yes, sometimes, in rare cases, all of em are wrong, but most of the time - they are right.
And that's what matters.
Dalio - ,,Principles''
Markets are chaos, in order to get rich you need to find order in chaos.
Using the decoder:
Markets are addiction, in daily life to get rich you need to find routine in addiction.