Why are you trying to achieve the impossible?

  • Thread starter Thread starter Peblo
  • Start date Start date
RedDuke said:
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.
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What is the route for small guys? Costs for compliance now for hedge funds make anything less than 100M unfeasible. There are tons of CTA but you need a strategy that can really differentiate yourself from the crowd.
 
You can't have "knew how to trade" and "a matter of incentives that pushed them to excessive leverage" in the same sentence.

And I worked at Salomon pre merger as well as their acquiring firm Smith Barney.

Brilliant guys who had a propensity to blow up...









traider said:
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.
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taowave said:
You can't have "knew how to trade" and "a matter of incentives that pushed them to excessive leverage" in the same sentence.

And I worked at Salomon pre merger as well as their acquiring firm Smith Barney.

Brilliant guys who had a propensity to blow up...
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Lehman CEO walked away with hundreds of millions after blowing up his firm. It is a free option for these guys, any good trader will recognize that it's OPM and push it to the max with excessive risk taking.
 
Meriwether blows up the first time to the tune of 4 billion plus,them gets his ass handed to him in his second hedge fund,once again using excessive leverage..

Think you mean self serving dirtbag as opposed to good trader...
 
traider said:
What is the route for small guys? Costs for compliance now for hedge funds make anything less than 100M unfeasible. There are tons of CTA but you need a strategy that can really differentiate yourself from the crowd.
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exactly. CTA is a route for small guys.
 
Peblo said:
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.
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are you trying to say you do not know what is low and what is high.....

buy low sell high.

what is so difficult about that.

the problem starts when you try to predict the market.

with all kind of theories which cannot be proven.

you can see what is low and what is high...….the proof is before you.
 
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