You Cant Just Quit Your Day Job And Become A Trader.

Quote from Trader KGB:

This seems more like effective trolling than effective trading. :p
More...

Again, are you about to deny the robustness of the backtest? Please state your credentials before you criticize. It gives me an idea what I'd have to explain.
 
Quote from bwolinsky:

Well agreeing that any idiot can trade doesn't help anybody. It's probably worse if someone tries without trying to learn.

If you'd like to know how many books you'll probably have to read to learn finance well, see my profile page which is a stack of all of the books I think got me to where I am today.

http://www.facebook.com/bwolinsky1984
More...
Thanks for the lnik.

I definitely agree. I was just trying to make a point of how easy it really is.... imo
 
Quote from GordonTheGekko:

Thanks for the lnik.

I definitely agree. I was just trying to make a point of how easy it really is.... imo
More...

Yeah, well, I'm sure that they'd let me buy anything if I had the money.

A poney, a hopa, a pallet of bottled water, the stock with sub millipenny stock price, something a little over a dollar perhaps, that $2 stock that looks like 2500 lottery tickets all rolled into one that I don't have to worry about losing it all...immediately.
 
Quote from GordonTheGekko:

Thanks for the lnik.

I definitely agree. I was just trying to make a point of how easy it really is.... imo
More...

Exactly: When you get right down to it what is so difficult about trading?
 
Quote from KINGOFSHORTS:

Ask yourself. can you just quit your day job and become an airline pilot the next day?

Can you become a doctor the next day? or an automechanic the next day?

What makes you think trading is any different?

Its not just sticking money in some trading account and pressing a few buttons and making money.
More...

In certain markets, thats exactly what it is.
 
Quote from KINGOFSHORTS:



What makes you think trading is any different?

Its not just sticking money in some trading account and pressing a few buttons and making money.
More...



The odds are not in our favor

Stockbroker's creed: A man is a client until proven broke.
 
Quote from KINGOFSHORTS:

Ask yourself. can you just quit your day job and become an airline pilot the next day?

Can you become a doctor the next day? or an automechanic the next day?

What makes you think trading is any different?

Its not just sticking money in some trading account and pressing a few buttons and making money.
More...



A long time ago, a visitor from out of town came to a tour in Manhattan. At the end of the tour they took him to the financial district. When they arrived at Battery Park the guide showed him some nice yachts anchoring there, and said, "Here are the yachts of our bankers and stockbrokers." "And where are the yachts of the investors and traders?" asked the naive visitor.
 
Trading is a trade, just like so many other things out there. It takes practice, knowledge, money, time to learn it. Once you learn, it takes time, money and knowledge to become consistent, then T M & K to actually earn a living at it. And yes the odds are against you, unless you have the resources to survive the curve. Good luck, happy trading.
 
Quote from bwolinsky:

Daily Period Win Percentages and Total Trade Win Percentages at 95+%.
More...

Wow, nice! Must be using that supercomputer server farm in the cornfield in Ohio.
 
Quote from 1765hillwood:

Trading is a trade, just like so many other things out there. It takes practice, knowledge, money, time to learn it. Once you learn, it takes time, money and knowledge to become consistent, then T M & K to actually earn a living at it. And yes the odds are against you, unless you have the resources to survive the curve. Good luck, happy trading.
More...
Or be really smart and learn it all fast before one even graduates :p
 
You must log in or register to reply here.
Back
Top