C
cablemonster
yeah right. fail. ![Laugh :LOL: :LOL:](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
![Laugh :LOL: :LOL:](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Trading to make ongoing monies and keeping and growing it etc etc - is more difficult than brain surgery - rocket science - or anything else you needs years and years of training to achieve.
Trading to make ongoing monies and keeping and growing it etc etc - is more difficult than brain surgery - rocket science - or anything else you needs years and years of training to achieve.
I used to be a rocket scientist but it didn't take off.
Unless you are a brain surgeon or rocket scientist then how can you possibly know ?
Sorry, misread the thread title, thought it said "how i turned 4Trillion into 1Million tarding FX"
When CM is in this mood, I get a mind's eye view of him sat on a park bench half cut on Aldi cider with a batch of half eaten mince pies on the side.
Trainee brain surgeons have a tried and tested approach , followed by most of their profession before them and don't suffer distractions of having to evaluate the plethora of techniques available to the trainee trader. The trainee trader has to pretty much make up his own map. He is not given one on a plate like a brain surgeon. I know which would be less frustrating to learn at least
I would NEVER EVER leave a mince pie half eaten, trust me when you have been on the front line and seen action like myself you don't know when your next meal will come.
One of those Aldi places opened up near me recently, quite a few times I have been tempted to pop in and see what people are raving about although I may have to put on a disguise and go after dark for fear of being recognised. I heard that Aldi's mince pies are highly rated though. :innocent::whistling
This is all mostly nonsense and I hope you're joking. Brain surgery is incredibly complex especially when dealing with tumours and every form of invasive surgery through the cranium is a journey potentially into the unknown due to significant differences in each person's formation. There are only tried and tested rules around areas of definite significance hence the considerable length of time required to make it to consultant. I was trading for 2 years institutionally before I was made a senior associate with obscene exposure limits.
As we can tell from these boards, any old fkwit can attempt trading and even make it sound like they know what they're talking about. There's an enormous thread like that right now...
Hi F,. . . Really good retail traders will always out trade commercial guys - simply because they don't have the restrictions etc and can read PA better. . .
Hi Random
If you worked for 2 yrs trading for an institution - you know how it is like chalk and cheese compared to Retail trading
Unfortunately have not got a lot of time for the industry - for all I know you might feel the same - but I do agree with you that anyone can trade retail and that's half the problem - probably 70% of those who try - should not even be having a go - they are doomed to failure before they even start
The Industry as so many rogue traders and their bosses are just as bad
Really good retail traders will always out trade commercial guys - simply because they don't have the restrictions etc and can read PA better
I hope you have improved since you left and I bet you are pleased that you are not being investigated - like many of the traders who work for 15 banks in the UK are during this last 3 months
Regards
F
As we can tell from these boards, any old fkwit can attempt trading and even make it sound like they know what they're talking about. There's an enormous thread like that right now...
this is a good point. That is one thing that obscures the learning for me at any rate. having to spend so much energy on evaluating what is good info and what is not. The point I make is that is not the typical experience of a student of brain surgery. Is the education given to them more accessible and trustworthy than the reams of **** the new trader can access on the internet?
How is the comparison of the lot of two types of trainee nonsense?
have reread your reply. Yes we all know Bs is complex. The point I have made was not not about its complexity as a job, it was about learning it and the rigorous and well defined approach that medical schools offer. When juxtaposed with a vid presented by Terry from fxcm etc, I reckon the trainee brain surgeon is on safer ground.
Urgh can't you keep to your own thread? We all made a pact to leave you alone there barking your nonsense.
I worked in IB for longer than 2 years... I made snr associate in 2 as I stated, which wasn't unusual pre 2008... the idea that "many of the traders who work for 15 banks" are being investigated by the FCA et al is beyond idiotic. I know mathematics isn't your strong point, but many is a term indicative of a large percentage.
So you must know a 'few guys' from the industry too if you're claiming to be able to read PA better? The odd thing is PA tends to be a result of what prime brokers are doing or what orders they are fulfilling and urh... they are working for the prime brokers? Mind blowing this stuff ain't it? Maybe PA is just a load of ethereal nonsense dreamt up by retail people who buy and sell at S&R to make their work sound harder?
You've got no time for the industry because you had and have no way in, even with a call to Dick Branson. My problem with you is that as Walter Mittys go, you are particularly unsophisticated, making stupid claims and generalisations. You slowly improve these over time whenever it is pointed out to you (avec googling) and your rhetoric now sounds passable to very new traders despite said lack of sophistication. This bothers me. Your self labelling as an expert is particularly laughable. Even PTJ doesn't have the stones to call himself an 'expert'. Maybe to his wife...
I visited your thread recently - in visiting just 3 of the pages before I had to close it you got:
- The London 'close' time incorrect.
- Were using round turn terminology to discuss commission fees on an OTC product in order to hide your ignorance at commission rates and notional trade value.
- Had no clue what a basis pt is on the above.
And that's in just a tiny percentage of what you've posted...
Hi F,
I see where you're coming from with some of your other comments, but I'm far from convinced by the idea that retail traders can read price action better than institutional traders (assuming that's what PA stands for in your post). Sure, there may be a few individual retail traders who are better at it than some pros but, comparing the two groups as a whole, my assumption would be that institutional traders will, 99 times out of 100, wash the floor with us retail traders across the board.
Tim.
PS. If you have some evidence to prove I'm wrong - I'd be delighted! It would be a very welcome boost for us retailers.
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