Where are the rich private traders?

[promagma]

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

What is the difference?

Serious question because I wasn't trading 2003-2006.

 

[listed]

Quote from impy barbicane:

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.....

You're wrong!

 

[impy barbicane]

Quote from listed:

You're wrong!

no, you are wrong.


EVERYONE WHO HAS MADE it to any DEGREE--HAS USED OPM to some EXTENT.

IMPOSSIBLE OTHERWISE

 

[MohdSalleh]

Quote from the1:

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?

you are referring to some kind of positional trading, not scalping, for scalping, order flow has largely dried up this year

 

[Lethn]

lol ffs

I'm just learning but even I know from bloody history that there are traders who made it big and they had nothing but commodity markets!

It's ironic there are so many ignorant people out there and yet our education system claims to prevent it.

 

[MohdSalleh]

Quote from Fast_Trader:

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.

yes i am a scalper too, and this is the worst liquidity i have seen in the last 8 years of trading

 

[listed]

Quote from impy barbicane:

no, you are wrong.


EVERYONE WHO HAS MADE it to any DEGREE--HAS USED OPM to some EXTENT.

IMPOSSIBLE OTHERWISE

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.

 

[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...

 

[Magnum29466]

Quote from Shagi:

We right here and we are going nowhere

You've made millions in this market? whats your trading time frame?

 

[puretruth]

Quote from Scataphagos:


In other words... when you screw up it's easier to tell your investors (whom you are likely to not know personally)... "sorry I screwed up and lost your money"... than to lose your own money and end up eating from a dumpster and living in a cardboard box under the viaduct.

LOLOL