Trading for a Living

This is a discussion on Trading for a Living within the Home Trader forums, part of the Trading Career category; Originally Posted by Shakone Who? Paulson or Benji? Some people are looking to profit from the Black Swan events. I ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Aug 8, 2012, 1:08pm   #57
Legendary Member
 
neil's Avatar
 
Member Since Nov 2001
Default Re: Trading for a Living

Quote:
Originally Posted by Shakone View Post
Who? Paulson or Benji? Some people are looking to profit from the Black Swan events.
I refer to Benji.

Who are looking to profit (in the future)?
Are they still looking or have they achieved their objective?
Links ?
__________________
neil
....Indicators show the past. Price Action "Indicates" the future.
neil is offline   Reply With Quote
Old Aug 9, 2012, 3:29am   #58
Veteran Member
 
advfntrader's Avatar
 
Member Since Mar 2008
Default Re: Trading for a Living

yes happened a lot to me. WHY - because I RAN LOSSES.

that was the mistake, running losses will ONLY EVER result in a eventual wipeout




Quote:
Originally Posted by Pat494 View Post
Ever had the drawdown getting worse and worse to the point of desperation you finally close and then it miraculously goes right back up. aaaaaaaaarh
advfntrader is offline   Reply With Quote
Old Aug 9, 2012, 11:55am   #59
New Member
 
pak11273's Avatar
 
Member Since Aug 2012
Default Re: Trading for a Living

Quote:
Originally Posted by Pat494 View Post
Well if you can hide your burgeoning account from the wife, the kids and in some countries the taxman - I say you probably qualify for 003.5 status, watch out James he's coming.
But if you are in to cars then it has to be a prancing horse !
This put me on the floor. Very funny!
pak11273 is offline   Reply With Quote
Old Aug 9, 2012, 12:01pm   #60
New Member
 
pak11273's Avatar
 
Member Since Aug 2012
Default Re: Trading for a Living

Quote:
Originally Posted by advfntrader View Post
your mentor is right, I can see much more clearly now due to the turmoil I have been through in trading, you won't understand probably as you haven't been there yet...

just think about it from another viewpoint. you want to be a professional GAMBLER (Trader). no different to a professional poker player or a professional Blackjack player. NO DIFFERENT. that maybe extremely difficult for many to get their heads round but thats the facts.

you are risking money in the hope of making more money.

unless you have a proven edge then you are wasting your time



Journey of the prodigal:

gambler > trader > investor
pak11273 is offline   Reply With Quote
Old Aug 12, 2012, 5:49am   #61
Member
 
higherSelfishness's Avatar
 
Member Since Jul 2012
Default Re: Trading for a Living

higherSelfishness started this thread
Quote:
Originally Posted by advfntrader View Post

just think about it from another viewpoint. you want to be a professional GAMBLER (Trader). no different to a professional poker player or a professional Blackjack player. NO DIFFERENT.
A very adamant conclusion there, adv. You have, through your own processes of reasoning and logic, employed an incontrovertible universal fact (albeit a simple one) - if A=B then, well, A=B - and conjoined it with subjective interpretation - Definition Of "Gambler"=Definition of "Trader." You have obviously interpreted (and now define) the two words in a similar manner. But I contend: Is it difficult to imagine we, every one of us, maintain our own definitions of the two words?

Risking money in the hope of making money is a characteristic both gambling and trading share alike, but congruities in isolated characteristics do not invariably foster equality.

Quote:
Originally Posted by D70 View Post
Proven edge?

Define "proven".
Define "edge".
I think "proven" is related to one's account, and "edge" refers to the system responsible.

Quote:
Originally Posted by D70 View Post
I think the concept of proven edge are pure folly. "Edges" I'm afraid come and go.
What about Knowledge? Does Knowledge come and go? I think the very essence of "knowledge" is encoded with permanence . . . Knowledge is the confirmation of a constant ensconced in a system of "being."

WE are systems of being. The Market is a system of being as well and it adapts in order to serve its best interest, which is survival.

We have adapted to our environment(s) for millions of years, and while we are not exactly the same as we have always been (just like the Market, re: breakout 30 yrs ago vs. today) there remains the fundamental equation that defines the process of adaptability in and of itself, a mechanical process which is applied every "instant," whose presence is so very crucial that if it were to cease, the entire system would die.
higherSelfishness is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Trading for a living. jd1888 General Trading Chat 1 Mar 14, 2011 4:00pm
Trading for a Living alfiecam First Steps 2 Aug 16, 2008 11:19am
Article: Trading for a Living T2W Bot Articles 7 Sep 15, 2006 5:26am
Trading for a Living Nadine Home Trader 2 Sep 8, 2004 10:19am
Trading For A Living kevynt Home Trader 63 Feb 2, 2003 1:13pm