Where are the rich private traders?

[impy barbicane]

Quote from listed:

Think what you want..just because you can't do it or seen it done..doesn't mean its not possible.

A friend of mine is a prime example. I nor he has nothing to prove to anyone.

Good Luck.

fine, your he said, she said, my uncle is rich statements are MEANINGLESS!!

the FACTS speak for themselves.

 

[MohdSalleh]

Quote from Magnum29466:

I see a lot of people refuting the "it can't be done" arguement, but where are these people? Is it impossible to trade retail and make millions? Once again people like jesse livermore traded in offices off of the nyse and still made a great deal of money using not much more than chalk boards and ticker tapes. I hear people argue the market is different now from then but I dont buy it. If there where oppertunities then, then there has to be oppertunities now...

you are talking abt tens of millions? yes its possible, but really what are your capabilities?do you know how to program? can you do stat arb? the computing power is so significantly diff from what it is used in the past.

 

[listed]

Quote from impy barbicane:

fine, your he said, she said, my uncle is rich statements are MEANINGLESS!!

the FACTS speak for themselves.

The facts?

The fact is he is under 30, not by much. But doesn't work anymore. That's the surest fact I can give you. And yes its because of trading.

Edit: Although he will tell you, some of it was luck, but on the other hand he made this 'job' the center of his life at the start of his journey.

Most on here seem to spend more time bitching at one another rather than actually trying to develop your own style.

 

[impy barbicane]

Quote from listed:

The facts?

The fact is he is under 30, not by much. But doesn't work anymore. That's the surest fact I can give you. And yes its because of trading.

How much did he start with? Are you sure OPM had nothing to do with it????

 

[listed]

Quote from impy barbicane:

How much did he start with? Are you sure OPM had nothing to do with it????

Not for sure about how much he started with. I do know that the money was his that he saved up and worked for.

 

[impy barbicane]

Quote from listed:

Not for sure about how much he started with. I do know that the money was his that he saved up and worked for.

and he has over 50 million now without the OPM of prop leverage or OPM funding--- 100% from trading in a retail account. NO WAY!

sorry, chuckles, I don't believe you.

 

[listed]

Quote from impy barbicane:

and he has over 50 million now without the OPM of prop leverage or OPM funding--- 100% from trading in a retail account. NO WAY!

sorry, chuckles, I don't believe you.

Oh no. He definitely was leveraged. LOL..

But it was his own money he put up to get that leverage.

 

[eternitysgarden]

Quote from nltro:

You are SOOOOOOOOOO wrong. I could give you examples of 10 guys I KNOW PERSONALLY that came to the CBOT/CME/CBOE with nothing and left with more than 50mm.

Go back to flippin burgers ya piker.

No he is right, LOOK AT FORBES 400, that is making it big time, and there is 0 persons in that group that made it just trading their private account. As he said, if you want to make it big time, do what those in the forbes top 400 do. Otherwise you won't get on that list.

 

[impy barbicane]

Quote from eternitysgarden:

No he is right, LOOK AT FORBES 400, that is making it big time, and there is 0 persons in that group that made it just trading their private account. As he said, if you want to make it big time, do what those in the forbes top 400 do. Otherwise you won't get on that list.

Thanks.

everyone knows someone, heard of someone, just knows its true--- BUT no one has ever shown any PROOF of massive wealth coming from trading without massive OPM.

Even the great RUSSIAN who made MILLIONS trading at a PROP SHOP is NOW RUNNING A FUND WITH OPM???

ever wonder why???

riches VIA trading holds a CERTAIN fantasy for the MAJORITY here regardless of the REALITY.

 

[listed]

Quote from impy barbicane:

Thanks.

everyone knows someone, heard of someone, just knows its true--- BUT no one has ever shown any PROOF of massive wealth coming from trading without massive OPM.

Even the great RUSSIAN who made MILLIONS trading at a PROP SHOP is NOW RUNNING A FUND WITH OPM???

ever wonder why???

riches VIA trading holds a CERTAIN fantasy for the MAJORITY here regardless of the REALITY.

Greed...is your answer.

He doesn't need to show proof to anyone. He has to answer to his wife and son.

Like I said before...Good Luck