Is it really possible to make money in this trading lark?

This is a discussion on Is it really possible to make money in this trading lark? within the First Steps forums, part of the Reception category; Why is this Mr Billion character sharing all his personal financial details with his friends right down to the last ...

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Old Oct 20, 2004, 11:20am   #81
Joined Dec 2003
Why is this Mr Billion character sharing all his personal financial details with his friends right down to the last £1.

Does he call you round for a drink and then just drone on and on about how much he's made, how rich he is and no doubt how poor and useless you all are. Does he then get his bank/trading statements out and give you all a copy to take back home with you? Talk about insecurity.

I don't know anybody who shares these kinds of very personal details with anyone. Also you should all realise that when most people talk about money they've lying. The clever ones (who make it) will always lowball you and the stupid ones (who don't make it) will normally always tell you how much they've got etc.

Bottom line, never believe anyone for financial looks can be very deceiving.
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Old Oct 20, 2004, 11:27am   #82
Joined Oct 2004
That is obviously what you would do as you seem to be so narrow minded and petty. Get a life and think of something more constructive. Call yourself a trader? You cannot see the big picture and that is why you are filled with envy. Would you like to see his statements in order to pin it on your wall?

I wonder if you have ever had a successful month.
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Old Oct 20, 2004, 11:29am   #83
Joined Dec 2003
Was there some form of specific aim where this discussion was going ?
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Old Oct 20, 2004, 11:34am   #84
Joined Oct 2004
Chump

There was, until as usual a few selfish individuals decided to go off on a tangent and get shirty about it. Why they feel there is a need to hijack threads or make silly contributions is beyond me, but they are exercising their rights.
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Old Oct 20, 2004, 11:49am   #85
 
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Is it really possible to make money in this trading lark?

Maybe it would be useful if the name-calling came to a halt and this thread got back to it's initial purpose.

Perhaps this would help to move things forward. In my experience, name-calling only serves to make those who do so feel better about themselves.

Examples of successful traders could be used to highlight the possibilities/opportunities that are out there. Of course these are open to interpretation, as has been shown. There is nothing wrong with a healthy dose of cynicism, but to know there are guys out there who are doing very well from their trading starting with what may be considered a small investment may show a beginner that it can be done.

All the best with your trading.
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Thanks! The following members like this post: LION63
Old Oct 20, 2004, 11:54am   #86
Joined Apr 2004
Thanks Sarah M

Intelligent Imputs Are Always Apppreciated
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Old Oct 20, 2004, 11:59am   #87
Joined Oct 2004
Maybe, just maybe. The original post by Kazza raised a number of issues of varying importance ie.

Risk/reward
Capital requirements
Types of trades
Stops & limits

It is the way one views and applies these and other factors (not listed), that determines the amount of money one makes. It is important to bear in mind that our comfort levels (in respect of risk tolerance) are different so whilst one trader may be happy to risk 10% of his/her capital, another might feel that it is not prudent. Secondly, many traders do not believe in compounding based on the sound principle that if a few trades go wrong one is back to square one and in some cases nursing losses.
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Old Oct 20, 2004, 12:08pm   #88
Joined Dec 2003
Hahaha

Yes, let's get back to what this thread was really about which is 'Is it possible to make money etc'

Not, 'it is possible to turn £1 into £1million (or make 1000's%) in a few months and anyone who dares to question this ridiculous statement is a loser who has no faith and imagination - Trading afterall is not hard all you've got to do is buy things that go up'.
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