To successful traders, why haven't you quit yet?

johnbennett103 said:
Okay, back on topic. Successful traders really never quit, its just in their blood. For example, Steven Cohen of SAC Capital. Considered one of the greatest emini tape readers, he is a billionaire, has been grilled by the SEC, yet he continues to run his hedge fund/family office. He could of quit long ago, but whats the fun in that?
More...

Never heard of him, is he german?

J_S
 
conduit said:
sounds British to me. Are you just grumpy because you missed the rally in pound sterling?
More...

Two countries destroyed the lives of countless generations, and if you do not know who they are, and how, then the schooling you got leaves a lot to be desired.

I was gona say 26, but now I am thinking 16:rolleyes:

J_S
 
He is probably one of the most successful hedge fund managers of all time, and probably is/was the best emini trader all time. In his prime he would make over 1/3 of the funds return by tape reading the emini market. Google him, he lives in Greenwich CT.
 
I migrated away from being chained to monitoring price movements, to investing tactically in the long term growth of companies / sectors using ETFs with a couple transactions a year. For the effort, makes about the same return. Frees up time for other pursuits.




- Don't quit your day job
- Don't use leverage
- Open a Roth IRA
- Sometimes money is made by sitting in cash
- Don't be a hostage to the markets
- Let the markets, profitability of the U.S. economy work for you
 
J_Smith said:
I would bet he is a pink shirt boy:rolleyes:

Btw, the first thing you must do is become debt free, fuk all the hype about nice houses and cars - most forget that their parents might not have had 2 cents to rub together, and they still had a good life and reared a family.

Dreaming is for fools and ignorant people - as SOCRATES rightly said..

"most people are fools"

J_S
More...

Actually am very happy some want to buy those expensive cars and jewelry, and will tell them how good they look, and it is far better to own the car lots and jewelry store then after the mark up, ROFLMAO.
 
There is a story (I can't find the link) of a reporter sitting next to a billionaire hedgefund manager at a dinner.

Reporter says to HF manager: "why do you keep trading? Once I made a 100MM, I would retire and enjoy life."
HF manager retorts: "that's why you will never make a 100MM."
 
conduit said:
So why would you trade US markets from 930am - 11 or so as you indicated in an earlier post, given you are most likely based in Europe (you mentioned here you just had breakfast and did a bit of gardening which indicates that you are located somewhere in the European time zone, unless of course you groom your garden in the middle of the night).

That would make you trade US markets at 330am in the morning assuming you are in the German time zone, it is the middle of the night anywhere in Europe. So, you are saying you are retired, garden from 11pm or so till 3am then trade markets in the middle of the night?

Who is the nutcase here? Or did I just catch you in a web of lies?
More...


How do you know he is in the euro time zone? he made that post at 19h31 Eastern ?

@conduit
 
Do you realize it takes very long time to build a big account to the point where retirement is an option?
A trader who starts with a $10k account and averages 2.5%/month will take over 15 years to reach one million dollars. The best thing this trader can look for is working for a hedge fund or something similar, making $100k+/year and investing at least 20% of his income into a diversified portfolio and funding a personal trading account.
 
You must log in or register to reply here.
Back
Top