Trading is a Giant Scam!

You just havent learned the game yet, it takes lots of time and persistance. The ability to keep trying and failing and trying and failing before you figure out how things work (and you dont have to blow through many thousands either). Trading isnt easy, its not a get rich quick scheme. It takes months and years of tinkering and observation and "testing the waters" before things make sense.

Starting a thread like this just shows ignorance and frustration. There are many people on this site and people I know in real life who make great livings trading the mkts every single day. Just b/c you havent done it or know of people who have, doesnt mean they dont exist.



Quote from Bullz n Bearz:

Guys, I have to be honest here. I don't think trading is a lucrative business and here is why most people lose at trading.

The markets ARE very random and they cannot be predicted. Nobody knows who is buying what and when so you are working off what data is given to you.

I can tell you so many people on ET have probably lost their entire savings trying to make big money in the markets to only soon find all their money given back. Sad it is, but that is the nature of the markets.

Spydertrader makes you think he knows what he's talking about, but he himself and old man Hershey cannot guarantee you the success like they like to make you try and think.

So, for anyone that is new in the markets, I would just suggest give it up and try something else like working a regular 9-5 job. They are 9-5 fixed income for a reason. Stability.

Markets =unstable

Nobody can win the markets. Nobody
More...
 
Hey Steve, how's everything?

I agree, maybe there is some frustration in me, but I am so damn determined to learn the markets and make my living off them.. I trade commodity futures(mini euro and mini crude) and I have great days, but today the market is just going against my anticipations. Would you share some of your experiences on this thread to let others and I included know how you got exactly to where you are today? cheers

Quote from Steve Tvardek:

You just havent learned the game yet, it takes lots of time and persistance. The ability to keep trying and failing and trying and failing before you figure out how things work (and you dont have to blow through many thousands either). Trading isnt easy, its not a get rich quick scheme. It takes months and years of tinkering and observation and "testing the waters" before things make sense.

Starting a thread like this just shows ignorance and frustration. There are many people on this site and people I know in real life who make great livings trading the mkts every single day. Just b/c you havent done it or know of people who have, doesnt mean they dont exist.
More...
 
Quote from Bullz n Bearz:

Guys, I have to be honest here. I don't think trading is a lucrative business and here is why most people lose at trading.

The markets ARE very random and they cannot be predicted. Nobody knows who is buying what and when so you are working off what data is given to you.

I can tell you so many people on ET have probably lost their entire savings trying to make big money in the markets to only soon find all their money given back. Sad it is, but that is the nature of the markets.

Spydertrader makes you think he knows what he's talking about, but he himself and old man Hershey cannot guarantee you the success like they like to make you try and think.

So, for anyone that is new in the markets, I would just suggest give it up and try something else like working a regular 9-5 job. They are 9-5 fixed income for a reason. Stability.

Markets =unstable

Nobody can win the markets. Nobody
More...

Are you fucking kidding me? Have you learned nothing from all your tuition money and screen time? The one thing I learned early, early on is that the markets are NOT random nor efficient and that people panic out of positions for absolutely no goddamned reason or becuase they don't want to give a stock more than 10 cents of room even if there's a real buyer in the stock who's just letting it come in again to accumulate more before running it. Nobody? Shit, ANYBODY can make money from the markets. Make your job to stay extremely well informed of all news, especially related to pending mergers and acquisitions, and subscribe to Trade The News. Open up accounts with multiple prop firms that let you trade remotely and have some sort of a downtick-short productl; ideally having access to at least 2 is best. Then, sit on your ass all day and play video games, and wait for horrible news to come out on a company. Then, before or when the market shorties pile in, get short as many shares of stock as you can by smacking the bid - 3000 or more, preferably, and work out your own exit plan. maybe you want to kick some when the shorts first start getting taken out, but if it's really bad news, figure that the only buying going on is panicky short covering. You should be able to get at least $1500 from the trade, and there are at least 100 of these trades annually. A few weeks ago, there was one every day - DJ, AKS, MHK, and AKS a second time later in the day. $150,000 annually with 0 thought or effort.
 
Quote from Bullz n Bearz:


I agree, maybe there is some frustration in me, but I am so damn determined to learn the markets and make my living off them..
More...

Go back to SIM..
 
Quote from Bullz n Bearz:

Hey Steve, how's everything?

... Would you share some of your experiences on this thread to let others and I included know how you got exactly to where you are today? cheers
More...
he just did.:)
 
You must log in or register to reply here.
Back
Top