Traders who made billions

http://www.elitetrader.com/vb/showthread.php?s=&threadid=156059&perpage=6&pagenumber=1


it is a thread started by Riskfreetrading.

He wants to sell his option mentoring program.

His program works like this: your money is invevested and the profit are shared. Losses are yours BUT don't even dream to ask him a track record of his past performance, it annoys him very much ! If you do he will ignore you. Just let him manage your capital and don't ask any questions on his market skills or credibility.

Does it sound crazy ? Just read the thread, he is 100% serious !

It ended with Riskfreetrading "admiting" that he gave illegal financial advice and that is not paying any taxes on his option mentoring program, a fantastic program that according to Riskfreetrading makes you money every day.

If you have the time read it, it is kinda of funny and it shows how much of an internet troll the OP really is.

My advice: don't waste too much time trying to explain a normal point of view or any logic to the OP you are not going to win. I mean even the Elite Trader moderator tried to make him reason. It did not work.
 
A dude with an alias of "riskfreetrading" is not going to make sense on any topic about trading.

A dude with an alias of "riskfreetrading" can only make sense on a topic about getting other people to risk their money for him and give him part of the profits. Hence "riskfreetrading" = SCAM.
 
there ain't any without massive opm. None nada zippo they all started with 100 of millions in opm. Get real and shut down the fantasy
 
Quote from Sushi:

there ain't any without massive opm. None nada zippo they all started with 100 of millions in opm. Get real and shut down the fantasy
More...


And what exactly is the problem with using OPM??:cool:
 
There are no traders who made billions.
If they did make billions, it's random variance. The money is made with hedge funds with failed trading methods. Hedgers blow up eventually.

Warren Buffett started investing at age 30 with $100k AND owning several independent businesses. He was not a dummy, he first made sure to have second income streams. And he still only have a few tens of billions at age 70+, in the biggest bull run the market has ever seen, from S&P 250 to S&P 1500.

That's right, he turned $100k into $30 billion after as much as 40 years in a bull run that can be compared as if S&P 875 went to S&P 6000 now.
Warren Buffett is the definition of random variance.

The odds are stacked against traders. It is the hard and cold and unfriendly truth.
 
Quote from Cdntrader:

And what exactly is the problem with using OPM??:cool:
More...

First it's very difficult to obtain let's say impossible in this environment for all bit the most connected. Second it skews reality of trading. There are billionaire money raisers who may trade but no billionaire traders who are not money raisers. Got it?
 
Quote from Sushi:

First it's very difficult to obtain let's say impossible in this environment for all bit the most connected. Second it skews reality of trading. There are billionaire money raisers who may trade but no billionaire traders who are not money raisers. Got it?
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pssst Here's a secret:

Margin = OPM
 
Quote from Cdntrader:

pssst Here's a secret:

Margin = OPM
More...
Tats an interesting vue

Well not in the traditional sense. There is no actual money with margin. Regardless. No one ever even apprached a billion with margin alone
 
Quote from Now is Now:

Evidently you did not perform as R. Kovner expected...too bad:eek:

BTW ...is he still alive?
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R.Kovner ? What does the "R" stand for ? Bruce or Stanley ? :confused:
 
Quote from Sushi:

Tats an interesting vue

Well not in the traditional sense. There is no actual money with margin. Regardless. No one ever even apprached a billion with margin alone
More...

wrong.
 
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