no. it is a continuum. at some point a line is crossed and the person is classified as a psychopath. please check the articles which i posted.
What characterizes the most successful people on Wall Street?
- Thread starter Phill Twist
- Start date
What characterizes the most successful people on Wall Street?
Though it true all human traders are people...., few people are successful traders..., so I'll assume you mean traders
To a trader..., each successful one:
Predefines the risk of each trade
Honors each trade's SL
Has a systematic means of taking profit
RN
Though it true all human traders are people...., few people are successful traders..., so I'll assume you mean traders
To a trader..., each successful one:
Predefines the risk of each trade
Honors each trade's SL
Has a systematic means of taking profit
RN
I'll assume the term "Wall Street" covers all finance, and not just literally Wall St in Manhattan.
Ability, of course. Genius, maybe. Luck, to some extent.
Everyone can't be really rich/successful at their endeavors.
In trading, to make the big bucks...you have to dabble in a big liquid market. Leverage/options certainly helps. and just basically know what you're doing...have a 6'th sense almost.
I personally like to think of the market as a woman, or soulmate...you have to understand what makes her tick, feel her pulse
Trade, or master, one thing only -- don't try to play, or trade, multiple instruments.
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After a few decades I still cannot understand women, even not after studying them (many times very, very closely
) more than 12 hours a day/night.To me the markets are childsplay compared to women. But in markets you can find logic or a system. In women you can find a lot of other things, but logic or systematic behaviour...
After a few decades I still cannot understand women, even not after studying them (many times very, very closely
To me the markets are childsplay compared to women. But in markets you can find logic or a system. In women you can find a lot of other things, but logic or systematic behaviour...
Never ever a truer word said ever, hateful, lying, manipulative, egotistical sub species which hates and slags us off continually, but we arent allowed to fight back.
At least those professors contribute something back to society in their teaching.
The fund Manager? Lol, collecting fees for their lavish living standards even most of them underperform the passive indices. I hope you are not one of them??
You stated that traders bring home a few 100k at most. This is dead wrong.
Bold, no fear, confident in convictions, willing to lose
...Or
They don't take ANY risks / get paid by a corporation
They don't take ANY risks / get paid by a corporation
