Question Of The Week

Quote from ProfitProphet:

To all you money makers and money-fakers. Our profession incurs more stress than a long-tailed cat in a room full of rocking chairs. This is true whether one is profitable or not. So it is time to bring out your inner Al Capone and think long and hard on this one.

Question: How Would You Run A Criminal Enterprise?


Fact is, I used to be a petty criminal. It occured to me recently what I learned as an oultlaw helps me greatly in my trading. The most important three being..

1. Know ALL the risks for the profit you're seeking.

2. Always Always Always follow your own rules. More than likely, a certain rule was established after a hefty cost.

3. Know when to cut your losses. Is this worth 10 years in the Clink? No? Then get the fu*k out now.




Some things to consider. Would your empire encompass all criminal activities, or just a few favorites? Is there an "ethical" line you would not cross? Ex: Selling drugs to children. Would you prefer to operate more from guile, violence or both?



I think crime does not pay. However, if ones makes profits very quickly, uses at least 50% of all gains in the very beginning to pay off and hire the right people. Once that infastructure is in place, then you might have a chance. And once established, KEEP IT LOW KEY. No flashiness a la John Gotti. Flaunting only attracts attention. You don't want the people on your payroll to be forced to act against you from public outcry.

Bring out your inner Al Capone. It WILL make you a better trader.
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What kind of petty crime have you done in the pass big man??

Would I be way off if I guess it has something to do with gambling??
 
Quote from ProfitProphet:

Most ETers take themselves and the business of trading a little too seriously. This thread is an attempt to inject some levity to the ramblings and sniping of the majority of threads.

Its been my experience that I can usually solve one problem by focusing on another, related one. "Pereferal reasoning" I call it.

The plus side of an underground business is unlimited tax free profits. The negative is literally brutal competition from inside and out and the unlimited resources of Uncle Sam coming after you.

One needs to see the big picture at all times, as per trading. I use the analogy of Russian Matryoshka dolls. How one cycle fits within another.

It does not matter if one can see the parallel of crime to trading. I do and use it to my advantage.

But what I am most interested in, is if, one chose to operate an undeground business, would you choose to capitalize on human weaknesses (gambling addicts, lustful husbands) and/or extreme depravity (child prostitution, snuff films)

Are you afraid to explore the dark side of your own psyche?
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I would focus on weak minded traders that were looking for a short-cut to fast cash.

Guys like you perhaps. Guys and gals that want to be somebody, but lack the courage and the guts to reinvent themselves and run through the gauntlet despite the pain and discomfort.

Individuals that lack the focus of spending hours upon hours of self-market education reading the tape, peering at thousands of charts, formulating trading plans and perfecting a system that demands discipline to extract money on a consistant basis.

I would exploit the greed of the pumper that preys on the ignorance of the lazy investor then mocks them for being bag holders.


You see these posers really think alot of themselves and are prime candidates to become ensnared in their own traps.

It's poetic justice...I believe it's your future.

This is you now (.)

This is you in prison (o)

Any questions?
 
Quote from ProfitProphet:

Sounds like this comes from experience, infolode. Relish in your own superiortiy. I hope your trading acumen reflects such.
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No shortcuts for lasting success.

construction
 
Quote from ProfitProphet:

This is an exercise in intellectual stimulation, not a solicitation for advice.
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Let me know when this becomes intellectually stimulating. Right now it is just a total garbage thread.
 
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