Who is down money since they started trading?
- Thread starter Sky123987
- Start date
My apologies Mr. BSD.
I didn't realize that I was arguing with a paper trader who can't tell an uptrend from a downtrend, doesn't have a system in place, can't get himself to trade even on BIG TREND DAYS (not that you would know what they look like), and doesn't even know how to calculate commissions correctly.
jonlittle04's journal
LOL, you really stepped in shit today, now didn't you?
I don't know what you're even doing on this thread (LOL), but since you're pretty much talking out your ass, it's only appropriate that you should be on the receiving end of one of your own comments ... here you go.
LOL this place.
P.S. NasdaqPlayer, ggoyal, staffpro and anyone else with a "lick of common sense" ... please ignore this troll. :eek:
"retarted?" haha. ok. For some reason your post reminds me of when I read the comments on youtube videos. Maybe its the 8th grade level writing. As for my name, yea I could have put it to make you "run and hide", or my first name could be Jon and my last name could be "Big" or some variation of the word Big...which is actually the case. So basically my name screen name is just a shortened version of my real name with 04 being the year I created it. Wow how ostentatious of me..are you scared yet?
As for my comments, yea, I was being a prick. Big deal. As for the reasons "unknown to you", that's because of 2 reasons: 1 you're an idiot who can't see anything beyond the obvious, and 2 you've never been in the position he is in right now. I will explain it in small words for you, ok "player"? He's proud of himself for venturing into a field that is pretty much unknown to all his peers. And he should be. He knows by now most traders fail and the odds are stacked against him even more being so young. So he's out to prove something. Not just to us and other people, but to himself. We all do that, I'm not picking on him. In trading you are defined by your profit. He probably knows what these hedgies are making in returns and wonders if one day he could do the same. So he starts trading and relatively quickly puts up a 15% return. 15%?! Hedgies only average what around 20%? Automatically he makes the connection between his ability to generate double digit returns and professional managers averaging the same returns. So it looks something like this "18 year old prodigy puts up double digit returns in a matter of weeks". When the fact is that, like I said, percent of a couple thousand is a much different ball game that percents of a couple hundred million.
What he was doing when he posted that is something we all do, especially us young ones. He was searching for some person to come out and say "Holy shit, you are doing awesome, I wish I could have done that when I was your age". He may or may not deny it, but that's the reaction he was looking for. Otherwise he probably wouldn't have posted at all, or posted something like "I'm up $2,000 so far", which sounds much less cool and is much less likely to evoke the response I'm sure he was looking for.
He may or may not have meant to do that, but we young ones are all searching for a little validity. The thing is we don't get it. We won't get until we start actually doing something worth while, putting up great results. I was bursting his bubble because the quicker he learns that, the quicker he will progress I think.
ok douchbag? It goes a little beyond me "picking on the new guy". I was serving his best interests, you were just being some guy running his mouth.
I want to make clear again, I'm not picking on him I DO THE SAME THING, but its just not in our best interests.
Quote from MandelbrotSet:
My apologies Mr. BSD.
I didn't realize that I was arguing with a paper trader who can't tell an uptrend from a downtrend, doesn't have a system in place, can't get himself to trade even on BIG TREND DAYS (not that you would know what they look like), and doesn't even know how to calculate commissions correctly.
jonlittle04's journal
LOL, you really stepped in shit today, now didn't you?
I don't know what you're even doing on this thread (LOL), but since you're pretty much talking out your ass, it's only appropriate that you should be on the receiving end of one of your own comments ... here you go.
LOL this place.
P.S. NasdaqPlayer, ggoyal, staffpro and anyone else with a "lick of common sense" ... please ignore this troll. :eek:
lol well placed jabs, I have to admit. Geeze I make one asshole comment....i dont remember anyone defending me from assholes like the place has turned me into....
by the way, you and I know I could retort, but Ill give you this one haha