I meant 100% off of the returns.
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Where are the rich private traders?
- Thread starter Magnum29466
- Start date
I meant 100% off of the returns.
Plenty of capital letters there. It's amazing how people who clearly have no idea what they're talking about can do so with such passion and conviction.Quote from impy barbicane:
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 Magnum29466:
Seems like all rich guys in the market are hedge fund guys. You don't really hear about the jesse livermores of today if they even exist. I doing ok so far but I'm no where near the level I want to be. I want to be a great trader and very rich but when I look to other private traders for inspiration im always going back 70 years unless I look at the hedge fund guys.
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. dont get me wrong I understand that hedge some funds managers are talented traders I just think the business is geared to much towards getting rich quick with average results...
Are you serious? Why trade for a fee? when you trade a fund, you can trade much larger pools of capital. Hence make more off the performance often 20% of tens, hundreds of millions.
The best trader I have heard about is Erik Kolodny. He was posting his blog on here. He has been called "The Modern Stock Operator" and compared to Jesse Livermore in The Wall Street Journal
Quote from ShortSqueeze:
Are you serious? Why trade for a fee? when you trade a fund, you can trade much larger pools of capital. Hence make more off the performance often 20% of tens, hundreds of millions.
The best trader I have heard about is Erik Kolodny. He was posting his blog on here. He has been called "The Modern Stock Operator" and compared to Jesse Livermore in The Wall Street Journal
I understand what running a fund does for your income but I just assumed that maybe some would trade there own account in order to not have to answer to investors when things go bad. I mean after I collected 100 mil in fees I could really just close the fund and run that 100 mil privately. I mean how much more leverage do you need?
Maybe its just me but I'm personally not comfortable answering to or being responisible for other peoples money.. Just the constant calls about liquidating when ever the market took a hit would cause me to close accounts. yea the leverage is nice but what about the responsiblity...
Some times I get the feeling fund managers put more into getting accounts than actually running the money..
marketwizards
Guest
anyone with 5 million dollar portfolio or net worth ( 5 milllion is min. to be considered 'rich' wouldn't need to trade his/here own account, they have a broker who manages their money.
Quote from Magnum29466:
Seems like all rich guys in the market are hedge fund guys. You don't really hear about the jesse livermores of today if they even exist. I doing ok so far but I'm no where near the level I want to be. I want to be a great trader and very rich but when I look to other private traders for inspiration im always going back 70 years unless I look at the hedge fund guys.
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. dont get me wrong I understand that hedge some funds managers are talented traders I just think the business is geared to much towards getting rich quick with average results...
stop the cat fighting. one would think this place is nothing more than a bunch of school kids. if you were a private trader worth anything from 10-100 million. would you hang out in a forum? there are sports stars and actors worth that amount and are they on the rich list... No they not.. the fact is there are thousands of very wealthy people in the world. personally i think there are plenty of very rich traders out there that just dont give a shit about mainstream or the rich list.
Quote from Magnum29466:
Seems like all rich guys in the market are hedge fund guys. You don't really hear about the jesse livermores of today if they even exist. I doing ok so far but I'm no where near the level I want to be. I want to be a great trader and very rich but when I look to other private traders for inspiration im always going back 70 years unless I look at the hedge fund guys.
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. dont get me wrong I understand that hedge some funds managers are talented traders I just think the business is geared to much towards getting rich quick with average results...
Most hedge fund guys have all of their money in their own hedge funds....so they not only trade their own money but others and make additional money. If you're a great trader why not have a hedge fund make the additional profit off of everyone else's capital.