Trading Breeds Assholes

[MarkBrown]

Professional traders have no tolerance for ignorance. Their performance is the proof.

leaving out professional was me being kind...

 

[Coin Flip]

Not that "trading breeds assholes" but that people are naturally assholes.

In short, people suck.

Go to any other profession: poker, sports, sales. Same.

 

[mason macgregorson]

Back in the day, a tennis coach at bollettieri academy said “Tennis breeds assholes”. The spoiled brats on the courts never outgrew their ego, and the parents were usually worse. It’s the same for the fabulous Youtube trading mentors.

Recently, I heard these “mentors” complaining about voyeurs, who are students asking questions about the mentor’s number of trades per month. This is the most ridiculous thing I have heard in a while.

Progress, haha.

Try this:
what do you call a dance studio where you don't dance?
What you call bowling alley where you don't bowl?
What do you call a trade room where you don't trade? A sales room.

While pondering that consider this:
a man says he's a golf expert in fact the tour champion - you asked for his golf score and he says he doesn't have one.

Another man says he's a bowling exprt the league champion in fact you ask what's his bowling score he says he doesn't have one.

A mentor says he a futures trader runs his own room in fact and you askd for his track record he doesn't have one. What's wrong with these three scenarios? a thing that cannot be measured cannot be understood, compared or valued at least according to Einstein

 

[Haywood]

Trading attracts hyper-competitive people, much like solo sports. There’s also roughly a 99.9% chance that a “trader” you run into on the internet is not making money, definitely not material amounts.

When it comes to many ET members one wonders how they can even afford an internet connection, let alone ostensibly make money in one of the most brutally competitive endeavors there is.

I'm relatively new and curious. Tell me how you define "material amounts"?

 

[Specterx]

I'm relatively new and curious. Tell me how you define "material amounts"?

Enough to live on, grow one’s capital base, and justify the opportunity cost - both money and time.

Records from prop firms show that a large majority of consistently profitable traders are earning only small amounts, certainly far less than the $100k+benefits you can earn these days for being able to write your own name, and screw around with Excel sheets while WFH.

 

[SimpleMeLike]

Back in the day, a tennis coach at bollettieri academy said “Tennis breeds assholes”. The spoiled brats on the courts never outgrew their ego, and the parents were usually worse. It’s the same for the fabulous Youtube trading mentors.

Recently, I heard these “mentors” complaining about voyeurs, who are students asking questions about the mentor’s number of trades per month. This is the most ridiculous thing I have heard in a while.

Progress, haha.

Hello Dudeski,

Assholes everywhere.

 

[jys78]

I find that the 80/20 rule applies to all things.

80% of things, at least.

 

[PPC]

Hello Dudeski,

Assholes everywhere.

Totally agree, they're spreading like cockroaches.

There used to be a saying: "There's a sucker born every minute"

These days I’d say that: “There's an asshole born every second"

 

[poopy]

Goes for @Xela nicks as well, right @PPC?

 

[2rosy]

I'm relatively new and curious. Tell me how you define "material amounts"?

I think material amount is determined by how much you value your time and any alternative source of income you can accumulate.