N Rothschild
Legendary member
- Messages
- 5,296
- Likes
- 603
yes mate i trade pocket money as i hold positions over the weekend. excellent conclusion.
yes mate i trade pocket money as i hold positions over the weekend. excellent conclusion.
This is dumb.
Whether its their own money or firm/fund money their job is based on their performance. Your definition excludes prop traders who often trade their own money along with backed funds and I think you will find most traders in salaried employment are much more cautious than most home-based traders.
Qualities required
1)trade his own money - yes
2)is disciplined - no
3)never relies on inside information - why the hell would this matter?
4)consistently profitable - define consistently profitable.
5)Made his entire wealth from trading. no
6)came from average background (no family wealth) no
7)can trade any time frame,any instrument and any amounts yes
8)very flexible and easily adaptable to all market conditions yes
9)Really nice person who helps others. yes
10)Doesn't talk about other people's success , but only his own no
11)Humble yes
What evidence? The examples you have given above are not even anecdotal, they're just plain wrong...Evidence suggests otherwise, the money invested in the Dotcom bubble was other people's money, yet the advisors were ramping up stocks .Goldman Sachs fared better in the financial crisis, unlike Lehman,Bears and Merril .Until recently Goldman partners used to cough up their own money for losses, whereas the others had shareholders to rely on.
What evidence? The examples you have given above are not even anecdotal, they're just plain wrong...
First of all, you're the one making a categorical statement, not me. Therefore, the onus is on you to provide at least a modicum of satisfactory evidence to support your claims.There is no anecdotal evidence.
Is there any anecdotal evidence to suggest the contrary?If yes how could 2,000 hedge funds managing other people's money close down , and why do we have pension shortfalls in trillions of dollars?
I go by the rule people protect their own interests better in anything, as opposed to bonus /commission incentive greedy traders who trade for short term gains.They are known to take greater risks for short term gain.
O D T
9)Really nice person who helps others. yes
11)Humble yes
Who is the best trader on this forum?
Qualities required
1)trade his own money
2)is disciplined
3)never relies on inside information
4)consistently profitable
5)Made his entire wealth from trading
6)came from average background (no family wealth)
7)can trade any time frame,any instrument and any amounts
8)very flexible and easily adaptable to all market conditions
9)Really nice person who helps others.
10)Doesn't talk about other people's success , but only his own
11)Humble
O D T
.....
![]()
I am thinking of doing the Varengold Challenge this year ...[/URL]
Extensive use of smilies means only one thing;
Drugs ? :-0