What was the ***last*** thing you had to master before becoming profitable?

[Visaria]

Quote from zdreg:

whose decision was it to buy spanish and italian bonds from mf global? it was seen as bold at the time.

how much did they buy?

edit: $2 billion

http://www.cnbc.com/id/45610428

But they control, what $20 billion? So 10%? Not bad, but nothing like what Soros was doing in his swashbuckling days !

 

[Trader.Fighter]

The hardest thing is not trading until you have an edge.

The second hardest thing is taking all signals, regardless of bad streaks, after you found an edge.

The third hardest thing is realizing before you give all profits back, that your edge no longer works.

The fourth one is finding a new one

 

[SteveNYC]

Quote from Visaria:

AFAIK, Soros no longer trades. His family office does all the trading. Apparently it's pretty conservatively managed, no bold bets.

really. bloomberg mentions soros a lot as if he is still trading.

i guess bloomberg is wrong. what a crappy news service.

i think i will get financial news from my local newspaper. better.

 

[Swan Noir]

How would we actually know what a guy like Soros is doing? I believe he filed a Form 4 on Hrbal Life a few weeks back.

 

[SteveNYC]

Quote from Swan Noir:

How would we actually know what a guy like Soros is doing? I believe he filed a Form 4 on Hrbal Life a few weeks back.

okay. what about carl icahn?

he is old right?

still bold?

 

[toolazy]

Quote from SteveNYC:

really. bloomberg mentions soros a lot as if he is still trading.

i guess bloomberg is wrong. what a crappy news service.

i think i will get financial news from my local newspaper. better.

you seem a bit upset. paying too much for Bloomberg news ?

 

[guido]

I had to learn this: don't buy when everybody buy and don't sell when everybody sell.. really hard to learn

 

[Ralph]

What I had to learn was to be patient.

I am the kind of guy that normally needs to see quick results otherwise I either get bored or question myself and think that I did something wrong. So pursuing a way that was very rocky at the beginning but keeping going was a really hard task for me.

Now however, I see things much more relaxed and am confident in what I am doing.

 

[SteveNYC]

Quote from toolazy:

you seem a bit upset. paying too much for Bloomberg news ?

sarcasm. sarcasm.

 

[Peternam]

Quote from Trader.Fighter:

The hardest thing is not trading until you have an edge.

The second hardest thing is taking all signals, regardless of bad streaks, after you found an edge.

The third hardest thing is realizing before you give all profits back, that your edge no longer works.

The fourth one is finding a new one

BRILLIANT ! :eek: