Why are you trying to achieve the impossible?

[traider]

Yeah man, it is tough but I am now stronger than ever before Just need to smile and laugh more.
What is IIRC by the way? Are they similar to TST? I need to join them - they will be out of business in no time
"Hey folks, we have been around for 20 years - now Peblo has joined us. Must be high time to wind up and run away with his money"

I thought it is profit sharing and they actually place trades. You mean they take the other side of your trades?

 

[smallfil]

Risk management can only handle some risks. If you get hit by a real black swan it's GG. Even LTCM blew up.

Then, you do not know what risk management is. It is designed to preserve your capital. Those who have blown up have risked more capital than they had any business of risking. Like I said, it does not matter if you have $1,000 or even $100 million. Be reckless without regard to risk and you deserve to blow up.

 

[orbit23]

Wrong guess.
Hint - even the pope and bloody Leonardo DiCaprio themselves were against my investment. Now, that was pretty funny
Even me subconsciously knew it was wrong but I was a "contrarian investor" back then... However, like I said - some well-connected hedge funds screwed the bond holders and stock holders, cancelled everything, the judge approved the scam, and now the companies WITH THE SAME HIGHLY-PAID MANAGEMENT are doing well, providing an essential service to the U.S. economy. Heck, even G. Soros was invested in this stock - it was not like I was investing in some start-up with no assets - but anyway, time cures the wounds pretty well so maybe in another 10 years I will forget about it. I am still alive, although with illness that can come back anytime.
You see, if I had the same power as these funds who now own these companies, I would be in a different position - so, in fact, it was a GREAT INVESTMENT, just not for me but for those chosen ones - no justice in the world, I tell you...

Trading is a suckers game, but suckers differ in the degree of experience.

Not taking responsibility, dwelling and feeling sorry for yourself. I seriously don't imagine how could one trade successfully with such mindset????

 

[PoopyDeek]

Your efforts are futile. If you have no wealthy friends, no professional experience at a big bank or fund, no BIG money to trade then... THERE IS NO POINT ATTEMPTING TO LIVE OFF TRADING! Only feeding on other people's money makes sense in this business.
No external capital = no profit big enough to make sense. Simple. Even if you go to a "prop firm" you have to put down capital. For many years I was under the illusion that I will find investors but now I am older and know it was all b**it.

I made 134% on capital in what were essentially retail accounts in 2019.

 

[taowave]

LTCM was a sham..Off the top of my head they were trading 50 to 1 leverage.

Classic Salomon Bros circus act.
Smoke and mirrors..

Risk management can only handle some risks. If you get hit by a real black swan it's GG. Even LTCM blew up.

 

[Pekelo]

Your efforts are futile.

Sure, but you should watch more American Idol and AGT. There is the American dream, that anyone can make it. Hope, motivation, talent, endurance.

Maybe it is only one out of 100K, but as Dumb and Dumber would say:

"So you are saying, there is a chance?"

Oh yeah, r/wallstreetbets is >>>>that way

 

[BearTrades]

Your efforts are futile. If you have no wealthy friends, no professional experience at a big bank or fund, no BIG money to trade then... THERE IS NO POINT ATTEMPTING TO LIVE OFF TRADING! Only feeding on other people's money makes sense in this business.
No external capital = no profit big enough to make sense. Simple. Even if you go to a "prop firm" you have to put down capital. For many years I was under the illusion that I will find investors but now I am older and know it was all b**it.

That's loser talk. Find a proven system that's works for you and slowly compound. Its a rough game but there are definatally people killing full time.

 

[RedDuke]

Your efforts are futile. If you have no wealthy friends, no professional experience at a big bank or fund, no BIG money to trade then... THERE IS NO POINT ATTEMPTING TO LIVE OFF TRADING! Only feeding on other people's money makes sense in this business.
No external capital = no profit big enough to make sense. Simple. Even if you go to a "prop firm" you have to put down capital. For many years I was under the illusion that I will find investors but now I am older and know it was all b**it.

rough game for sure. That is why you need to pick instruments to give you best fighting chance. Stocks, unless you buy and hold for long term, too many sharks to pick your pockets. CME products give you the best fighting chance.

And you are wrong, small guys can get capital to manage. It just takes insane amount of work.

 

[MoneyMatthew]

You do not understand how the world works - you have connections and luck, you get your 2% a year, you blow up, set up another fund and so on. Trading your own small funds is pointless:
- everyone tries to screw you and is not treating you seriously, from your broker to your own f***ng dog
- your retail internet connection and platform goes down at the worst possible time
- the companies you invested all your hard-worked-and-saved-abroad-living-in-the-basement funds in which was in existence for 70 years, was visited by W. Buffett and B. Gates together, were no. 2 and no. 3 in their industry in the world have gone bust in the same year months apart and your shares were f*** cancelled - Chapter 11 -> USA = LAND OF CROOKS; both companies now doing great, making great profits for their new owners, doing EXACTLY the same operations as before. YOU WERE GOING TO NEED THESE FUNDS FOR YOUR TRADING BUSINESS. Now, gone! Try to stand up after falling again and again and being f**ed by everyone in every effort you make...

You remind of a person on this website from a few years ago who would say "95% of traders lose...they just lose"...He then went on to posting daily photos of his breakfast and lunch before disappearing. I think his name was EMG...is that you EMG?

 

[traider]

LTCM was a sham..Off the top of my head they were trading 50 to 1 leverage.

Classic Salomon Bros circus act.
Smoke and mirrors..

The people involved in LTCM have made their millions. It was just a matter of incentives that pushed them to use excessive leverage. It's like greedy corporate, nothing to do with trading ability. LTCM knew how to trade.