The 98% Who Fail
- Thread starter Swan Noir
- Start date
Throwing conditional Latin phrases at me ? Snake, why on earth would you want to know my track record other than a private prospectus offering?
Prospective clients typically send me their resumes and sometimes a follow-up conference call is scheduled if that is what you are hinting at. If we both agree that you might make a decent enough client you can get in touch with some of my clients. And then you will have to wait for me to open up a slot for you most likely - that typically happens when an existing client goes live.
Yet another breast beating claim in your post. But it was you who directly opened debate with me on this thread. And your question doesn't require an answer as I wouldn't have repeatedly set out the principles for success if it didn't rest on the scale of my own success. And, yes, preying upon the public, to use your word, is irresponsible.
Tell us all: who would be desperate enough to charge $300 for entry to a trading advice website and then blame the subscribers if they couldn't become successful? The answer: you.
Are we done? Or do you want to tango some more? LOL.
Yes, I agree, there have been a few tedious provocateurs, of no talent, who have opened threads to try and discredit daytrading. But your 'failure' thread and the many other 'failure' threads before you, do get the participation by ET members that is needed to address the many problems that can stand in the way of success.
I am only an occasional ET contributor but for certain an individual amateur could put together all the pieces of the puzzle and with the strength of character it then needs, take himself (or herself) to dizzying heights of success.
Snake, in terms of my client business, you would be better off speaking with a client about his trading record using my models and system. Generally speaking, I try to match a prospect's background to an existing client trader in terms of a due diligence reference.
For example, a power trader would want to speak with client X, an Aussie fixed income trader would want to speak with client Y, that kind of thing. It's more relevant to your outcome expectancy I would imagine. I've had 60 clients from all over the world and active in every regulated exchange.
The big thing is that I only take experienced traders - this is considered by many to be fairly advanced stuff.
For example, a power trader would want to speak with client X, an Aussie fixed income trader would want to speak with client Y, that kind of thing. It's more relevant to your outcome expectancy I would imagine. I've had 60 clients from all over the world and active in every regulated exchange.
The big thing is that I only take experienced traders - this is considered by many to be fairly advanced stuff.
Not trying to be overly philosophical, or irreverent, or deep here. But after 40 years of being involved in the markets, first as an investor, where I, as if by magic, somehow managed to make a little money, I began to trade intraday. I proceeded to lose vast amounts of money quickly. Finally I accepted the reality that short term trading is gambling, and the markets are composed of and dominated by idiots. liars, thieves, thugs and cheats -- i.e., Goldman minus the idiots. Then I began to make consistent money. The main difference between Caesar's Palace and the NYSE is the swimming pool. But I also learned that on the NYSE you can slant the odds in your favor, in spite of your broker, if you know what your doing. That's why I much prefer the NYSE to a casino.
P.S. Now, I prefer to trade futures because of their favorable tax treatment, but the NYSE is just fine with me.
P.S. Now, I prefer to trade futures because of their favorable tax treatment, but the NYSE is just fine with me.