Would you rather trade on your own making 100k yr or trade for a firm making 500k yr

[scriabinop23]

Quote from rateesquad:

You mentioned that you hold back. Interesting.
Why is that?
DO you think people are not worth your information?
Do you believe that his information will benefit others but not you if you give it up?
Do you think you will do worse if this information is known by everyone?
You worked hard for this "edge" what will happen if you give it to someone else.

Note:This is solely for educational purpose(psychological)

I *usually* hold back from *getting involved in replying to these trolls*, because it really is nothing decent of a contribution and not very becoming. So quite the opposite, I believe this isn't worth peoples' time (nor should it be worth mine).

Wasn't referring to contributions of trading data and systems. In fact, I'm quite the believer in the opposite for trading. If I see an indicator for a trade I'm already positioning in, I'll let everyone know. If my argument is convincing, its likely to enhance my success chances.

 

[Tums]

that guy is still in school. I will give him a break.

 

[scriabinop23]

Heres how I would phrase it :
The Objective is the pleasure of working in your underwear from home earning a comfortable living and saving for the future , the pleasure of compounding wealth and working for the man should be somewhat a distant secondary objective.

There thats better [/B]

I for one agree with you. I'd rather answer to no one but the markets. The social interaction, and perhaps cheap cost to availability of high end research, of a job is perhaps its only benefit.

Other than that, once you realize money and wealth can only provide so much substance to your life, you are all the better off. I'll take a modest salary doing what I like in the way I like it over big numbers and stress any day.

In the present, we only have time, health, and our attitude. In the end, we're gone.

 

[rateesquad]

Quote from scriabinop23:

I *usually* hold back from *getting involved in replying to these trolls*, because it really is nothing decent of a contribution and not very becoming. So quite the opposite, I believe this isn't worth peoples' time (nor should it be worth mine).

Wasn't referring to contributions of trading data and systems. In fact, I'm quite the believer in the opposite for trading. If I see an indicator for a trade I'm already positioning in, I'll let everyone know. If my argument is convincing, its likely to enhance my success chances.

So, you do tell everyone your positions.
But, it is solely for your own benefits. Very interesting.
So you make your self superior when you tell some one to either buy or sell underlined securtiy? Do you believe that or not.
If you are 100% confident that the trade is going to go your way, but people don't believe you. Week later you make 15% on that trade. Do you feel superior/better than everyone who did not listen to you???

 

[rateesquad]

Quote from scriabinop23:

I for one agree with you. I'd rather answer to no one but the markets. The social interaction, and perhaps cheap cost to availability of high end research, of a job is perhaps its only benefit.

Other than that, once you realize money and wealth can only provide so much substance to your life, you are all the better off. I'll take a modest salary doing what I like in the way I like it over big numbers and stress any day.

In the present, we only have time, health, and our attitude. In the end, we're gone.

Do you concider your self to be a gambler?

Now if you trade for your self you have a situation.
What happens if you lose?
You had used 5 types of methology, they woked hundred million of times but one day they stop. Nothing. But lost money. What would you do then. Now this is hypothetical situation which probably not happen but bare with me.

 

[scriabinop23]

Quote from rateesquad:

So, you do tell everyone your positions.
But, it is solely for your own benefits. Very interesting.
So you make your self superior when you tell some one to either buy or sell underlined securtiy? Do you believe that or not.
If you are 100% confident that the trade is going to go your way, but people don't believe you. Week later you make 15% on that trade. Do you feel superior/better than everyone who did not listen to you???

hahah. you're pretty funny how your trying to spin this superiority thing... reminds me of a fish called wanda.. "you english just think you're soooo superior."

I'm NEVER 100% confident a trade will go my way, first off. I've learned the hard way that can only lead to disillusionment and dissappointment. But lets say I tipped off and no one believed me, and do well, sure I'm proud of my ability to perceive an opportunity no one saw. Who wouldn't be? Now superior to others? Only the people who discounted it for reasons I perceived as being irrational or not well thought out. But I'm talking about superiorness of reasoning abilities.

I'm sure the same person that disagreed with me for what I call a discountable reason might be superior to me at athletics.

I'm an inferior athlete.

 

[rateesquad]

Quote from scriabinop23:

hahah. you're pretty funny how your trying to spin this superiority thing... reminds me of a fish called wanda.. "you english just think you're soooo superior."

I'm NEVER 100% confident a trade will go my way, first off. I've learned the hard way that can only lead to disillusionment and dissappointment. But lets say I tipped off and no one believed me, and do well, sure I'm proud of my ability to perceive an opportunity no one saw. Who wouldn't be? Now superior to others? Only the people who discounted it for reasons I perceived as being irrational or not well thought out. But I'm talking about superiorness of reasoning abilities.

I'm sure the same person that disagreed with me for what I call a discountable reason might be superior to me at athletics.

I'm an inferior athlete.

Well that is my thesis.....there is superiority in trading.

But understood. thanks for the input

 

[scriabinop23]

Quote from rateesquad:

Do you concider your self to be a gambler?

Now if you trade for your self you have a situation.
What happens if you lose?
You had used 5 types of methology, they woked hundred million of times but one day they stop. Nothing. But lost money. What would you do then. Now this is hypothetical situation which probably not happen but bare with me.

I consider myself aware that risk taking is necessary to make well in anything. If a gambler is defined as a risk taker, then yes I am a gambler. But I define a gambler as somebody who has an expectation of win that is unreasonable (ie anyone who goes to a casino or horsetrack expecting to win). So I am not a gambler by my definition.
[I don't play cards, do horses, or have any interest in those activities. casinos repel me.]

As far as dealing with loss - I lose all the time. And I win all the time. You have to expect to experience both. And be willing to adapt the system. I'm finding money management, position sizing, etc. are almost more important than the 'system'. A true testament to this is the success in the past twenty years of almost any long term unleveraged mutual fund investor (particularly those who averaged in over years). This 'dumb' money is often consistent because their hands are not weak and overleveraged, so they can weather the storms. If you can apply those principals to diversified shorter term position trading, you can do well.

Combine that with a working system, and you do great.

By the way, I would say the foundation of my trading thesis is that opportunity exists in that there is too much greed and overleverage out there. That is fundamentally the source of my income: weak handed gamblers looking for big kills. And they are everywhere - especially at big banks trading other peoples' money. (hedge funds and private bank traders)

 

[dave_liu]

100K a year is not too much, but 100K a day, if you can make it consistently, it will be 25M a year. That's too good for most people.

Quote from AO76:

Listen up you panzy. 100K is not a good living trading. People make that in a day.

 

[rateesquad]

Quote from scriabinop23:

I consider myself aware that risk taking is necessary to make well in anything. If a gambler is defined as a risk taker, then yes I am a gambler. But I define a gambler as somebody who has an expectation of win that is unreasonable (ie anyone who goes to a casino or horsetrack expecting to win). So I am not a gambler by my definition.
[I don't play cards, do horses, or have any interest in those activities. casinos repel me.]

As far as dealing with loss - I lose all the time. And I win all the time. You have to expect to experience both. And be willing to adapt the system. I'm finding money management, position sizing, etc. are almost more important than the 'system'. A true testament to this is the success in the past twenty years of almost any long term unleveraged mutual fund investor (particularly those who averaged in over years). This 'dumb' money is often consistent because their hands are not weak and overleveraged, so they can weather the storms. If you can apply those principals to diversified shorter term position trading, you can do well.

Combine that with a working system, and you do great.

Agreed.
So, you don't believe in gambling. You take calculatd risk. Like most intermidiate-professional trader. Great would like to comment on your expirence in trading. what do you consider yourself as?(expert, professional, newbie, etc?)