Where are the rich private traders?

Quote from Magnum29466:

Why are you here then? are you liquid right now?

and my idea of very rich is in the hundreds of millions...
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Because its a FUN HOBBY!!!! its not a way to riches--simply take a look at the forbes 400 or any rich list-- DO WHAT THE RICH DO, if you want to be like them, DO NOT TRADE YOUR MEAGER FUNDS-- you WILL LOSE!!

There are NONE!!! zero zilch nada, there are NO private traders worth over 50 million who got their money by trading and starting with ZERO.

EVERY ONE OF THE GURUS SELLS STUFF TO STAY AFLOAT.

open your eyes, trading is a HOBBY, not at PROFESSION with your own account, unless you like striving to be middle class.....
 
Quote from impy barbicane:

There are NONE!!! zero zilch nada, there are NO private traders worth over 50 million who got their money by trading and starting with ZERO.

EVERY ONE OF THE GURUS SELLS STUFF TO STAY AFLOAT.

open your eyes, trading is a HOBBY, not at PROFESSION with your own account, unless you like striving to be middle class.....
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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.
 
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.
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Yes, of course, they are trading as members of the EXCHANGE--- they HAVE INSIDER INFO, DEAL FLOW AND OTHER EDGES unavailable to RETAIL.

REGARDLESS--

I BETCHA NONE MADE IT WITHOUT SIGNIFICANT OPM or SELF NET WORTH.

you do not KNOW 10 WHO TURNED MEAGER AMOUNT INTO50 million plus WITHOUT HELP of OPM.

GET REAL--YOU ARE DELUDED if you think otherwise


it takes significant net worth and capital just to be a member of the exchanges--- ya cant do it with 5k and have capital to trade.

serioiusly, stop misleading these aspiring traders----

there is NO SANTA CLAUSE< NITRO
 
Quote from MohdSalleh:

in this market you are seriously dreaming, you have a better chance at the lotto
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Off-topic; Not sure what you mean by "in this market...". What's so difficult about this market, as compared to other years? Sure, the volatility has tapered off compared to 08', but 08' is not the norm.
 
And 100% of the downside.

Also, trader x at hedge fund creates 100mil of profit off of the fund's zillion dollars. Say he earns 5% of profits from his portfolio. That's 5 million compensation. Say you've got even a $1 million account, you'd now have to return 500% just to breakeven with this guy comp, and not only that, if you're wrong you get 100% of the downside.
Quote from Magnum29466:



personally I'm aganist hedge funds becuase if you're a talented trader why trade for a fee when you can trade your own account for 100% returns.
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For the life of me I can't understand why people think "this" market is so difficult to trade. You pretty much have to hit the buy button and wait for the account to go up. Why is that so difficult?

Quote from MohdSalleh:

in this market you are seriously dreaming, you have a better chance at the lotto
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Look, for many trading strategies "this market" sucks. You obviously haven't done your homework not to know the difference between 2003-2006 & 2009


Quote from Fast_Trader:

Off-topic; Not sure what you mean by "in this market...". What's so difficult about this market, as compared to other years? Sure, the volatility has tapered off compared to 08', but 08' is not the norm.
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Quote from risktaker:

Look, for many trading strategies "this market" sucks. You obviously haven't done your homework not to know the difference between 2003-2006 & 2009
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You're right; I day trade and this market is perfectly fine for my strategy/method. I was replying to a guy who also day trades. I'm not referring to any other time-frame traders.
 
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