Quote from talontrading:
(1)Your success certainly doesn't threaten me in any way... we have some kinds of trades that have stop losses bigger than your entire account. How could I be threatened by your success?
2)Your arrogance annoys me. Your success does not threaten me. Those are two different things piker.
3)As for me offering proof... just evaluate my ideas and the things I've posted for what they are. It makes no difference if good ideas come from a professional trader or a doctor or a window washer... if you have the skills to evaluate ideas you'll understand what i've posted in other threads. If not... well whatever.
4)I know what youre trying to do is prove to yourself trading is possible. If you're ever in NYC drop me a PM... if I'm feeling magnanimous maybe you'll get your proof firsthand.
Never confuse a bull market with genius.
1) I suspect what I represent is more an affront to your ego than your finances. I mean unless there is a shortage of gullible people out there that I'm not aware of.
2) Well of course my arrogance annoys you. I have the outrageous audacity to state the truth concerning active trading vs passive investing.
I guess being confident enough to issue a challenge to all comers is really too much for you to bare*.
I mean I'm not the one who claims to have any mumbo jumbo market skill that can be imparted to others with hard work etc etc.
You see this is where I know active fund managers,hedge fund traders get a little prickly.
They get themselves all worked up when someone recognizes and asserts that the little guy can at least duplicate or exceed their returns on a long term basis.
One of the purposes of this thread is to champion the little guy vs the mutual/hedge fund managers.
3) Yes talon you are to be congratulated on your choosing to excel at the
CONFIDENCE GAME of attracting and managing other people's money.
Building up the education pedigree, contacts with & mastering the lexicon of the high priests on wall street is the surest way to wealth.
Of course a fancy resume, an expensively decorated office and fast talking don't really mean squat with respect to reaping market returns for customers and the smart investors know it.
For those running the confidence game it's a whole different ballgame and there's no doubt about it they are the smart money.
4) I openly know some can and will outperform my portfolio and I most welcome anyone daring enough to document their progress.
But I contend it's simply a combination of assuming higher risks , sheer luck and it's virtually impossible to determine who will outperform my portfolio beforehand.
Knowing that, I can understand why this thread gives great trepidation and angst to a well regarded poster /trader/manager.
At first glance one would expect lots of takers to my challenge esp those with the more sterling reputations or managers of other people's money.
But ALAS, it is not to be.
The true believers will expect them to win effortlessly, maybe even with contempt. Should they fail their reputations would be dashed by a bumpkin from Alabama.
It's a no win situation.
PS: Don't worry talon, I won't ask you to prove your claims as long as you refrain from making them on my thread. capish?
