Where did the "90% are losers myth come from?

Quote from theonlyone:

You're not Forrest Gump, you're not Warren Buffett. You're nobody. Just shut up.

and just because I'm not either, doesn't mean I can't quote them.

I may not be Warren Buffet, but I can surely duplicate some of what he does. :D
 
Quote from alexandercho:

and just because I'm not either, doesn't mean I can't quote them.

I may not be Warren Buffet, but I can surely duplicate some of what he does. :D

Maybe you should get that ego checked out.
 
Quote from theonlyone:

Maybe you should get that ego checked out.

"Everyone is self-made but only the successful are willing to admit it."

lol, it's not ego it's facts. That's why you suck at trading your failure to acknowledge facts. The more ignorant a trader is the less they tend to make.
 
Instead of wasting your time arguing with me, a smart person would have tried to understand how I make smart trades that earn large sums of money, Instead you fall into the category of idiot, ignorant, rude, and a skeptical retard who doesn't acknowledge what a fact is when it's put on a silver platter.
 
Quote from alexandercho:

"Everyone is self-made but only the successful are willing to admit it."

lol, it's not ego it's facts. That's why you suck at trading your failure to acknowledge facts. The more ignorant a trader is the less they tend to make.

It's a fact that you're comparable to a short-term Warren Buffett? Unless your name is George Soros, you're a retard. You have no idea how I trade, but I'll post my recent trade history if you do as well. No paper trades.
 
Ok, fine George Soros, maybe Warren Buffet was a bit of an inaccurate statement because I only have a couple traits similar to Warren.

But, I don't just paper trade, I've told you that multiple times I do something similar to what I do on the simulator in real life. Repeating this over and over is freaking annoying.
 
In the case that you do have a good track record, you may disregard everything I said about your trading. But I've already given to you enough information about my trading for you to already know better than to call me an idiot.
 
worth 75 million?? You realize that boasting about paper trading is weak at best. Even if you do the same type of trading on the simulator as you do in real life, bragging about fictitious trades makes you look like a tool.

Everyone who is anyone in this game knows there is a completely differently mentality and psychology that goes into actual, live trading. Do you even know how many people are millionaires, even billionaires if they just followed their paper trades? Unfortunately, live trading is the great separator. The real players make it happen, the wannabees brag about their simulator results, ya feel?

Quote from alexandercho:

here's a link to my rankings, here's my proof on Investopedia. I do something similar in real life but I wont disclose that kind of information openly. However I will direct you to a public domain where you can view me.

http://simulator.investopedia.com/home.aspx

Also, join the simulator the term "no rules" is basically stating that their are no false limitation put on your trades that the simulator deems appropriate to limit risk. Technically speaking these counter measures don't exist in real life and likewise it is by far the most realistic simulation.

Anyhow, my 29million won't be updated until tonight, then you'll see the evidence.

Also I have 2011 Wells Fargo Call Option Contracts to exercise before 2011 that are easily worth north of 75million.
 
Quote from Omar Little:

worth 75 million?? You realize that boasting about paper trading is weak at best. Even if you do the same type of trading on the simulator as you do in real life, bragging about fictitious trades makes you look like a tool.

Everyone who is anyone in this game knows there is a completely differently mentality and psychology that goes into actual, live trading. Do you even know how many people are millionaires, even billionaires if they just followed their paper trades? Unfortunately, live trading is the great separator. The real players make it happen, the wannabees brag about their simulator results, ya feel?

Umm, I do know that much and I've already told you that nothing I do is much different from the simulations. Matter in fact I feel more control in a market condition because at least I can exercised an option contract at any point in time whereas in the simulator the option can only be exercised on the day of expiration. The simulator also is 20 minutes delayed in information. I also can't put stop orders on option contracts. Theirs a lot that's daunting about the simulator that I don't have to deal with in real life. The funny thing is, is that I don't do anything different from the simulator in real life. Matter in fact I just do it a lot better in real life because I have much more control.

Also, theirs a ton of things that make real trading so much easier and in my case enjoyable. I don't doubt my decisions and dive in when my instincts and the data are their. I have blown a ton of money with my method but I always end up with a net positive. For instance my PFE options lost me 4million from 21million but then I made 12 million today to account for the 4million loss. one thing, that's unique about my trading is, is that I know how much I need to risk to earn back the loss and make a profit.

I'm telling you I'm one of the few who bought citigroup in real life at 1.80, and 2.04 and sold it at 3.70. I can walk the walk in real life. I know my success ratio in my average downs, and I can tolerate a heavy beating but as long as I'm patient i can walk away with money. All of these things I do in real life.
 
Another thing that's unique is I know when it's appropriate to average down and when i know i've failed and it's time to bail. I've walked in the shoes of a trader, I've made stupid decisions, I've made comebacks. I've been run over a few times but that's all just part of learning. You get all of this from real experience. Trading is like driving a car you don't learn this from reading a book. You've got to get killed once In a while, you need to be in those shoes. You need to know what it feels like to lose 2/3 of your capital and then a month later walk away with a 25% net profit after your done averaging down. I know how tempting it is to sell, and I know how tempting it is to scream and throw your keyboard across the room. Trust me I've been through it all.
 
Back
Top