Traders who made billions

[Sushi]

Quote from Cdntrader:

wrong.

You can't spend margin. It's not money. Sorry

 

[Tide31]

This is juvenile that's for certain. All I know is, I get to $100MM, I'm done. Buy a few exotic women to cook and care for me and live in cool weather.

 

[Red_Ink_inc]

Quote from Tide31:

This is juvenile that's for certain. All I know is, I get to $100MM, I'm done. Buy a few exotic women to cook and care for me and live in cool weather.

Finally someone who gets it.

 

[Sushi]

How boring. You will mevermake of with those weak goals. Son

 

[alexandercho]

Quote from Tide31:

This is juvenile that's for certain. All I know is, I get to $100MM, I'm done. Buy a few exotic women to cook and care for me and live in cool weather.

Nothing personal, but your ambition is weak, you'll end up working your whole life shooting for a low goal. I don't mean to be a jerk but think big, that's all.

 

[alexandercho]

Quote from Sushi:

You can't spend margin. It's not money. Sorry

lol margin is just the amount of money you can borrow using your stocks as collateral.

 

[trackstar]

100mil and I would spend time with friends, family, my gym, my garage, and learn.

 

[monty21]

Jesse Livermore """"supposedly""" was worth $350,000,000 after the Great Depression...
Not sure how that would exactly translate today after inflation, but definitely well over $1 billion


Relatively, he would've been on a level that is equivalent to a billionaire today.

 

[crgarcia]

Quote from riskfreetrading:

Here is a problem I have with trading. I have not seen traders in Forbes list. What is the point of being in a profession that did not show you can be in the world richest people?

Who are the richest traders that made it in trading? The upside is limited, and the probs are slim. So why do you want to be in this profession?

My current answer to "Traders who made billions?": NONE

"Traders in Forbes?"

I would be surprised if there are "traders who barely break-even".

 

[Red_Ink_inc]

Quote from crgarcia:

"Traders in Forbes?"

I would be surprised if there are "traders who barely break-even".

That's because you're obtuse. There are plenty of profitable traders a small number of whom post right here on the P/L thread. Most do so to show newbs it can be done.

It can only be done if you have an open mind, therefore you have no chance. Enjoy the rat race.