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Setting realistic expectations

  • #21
  • Jul 20, 2012 8:29pm Jul 20, 2012 8:29pm

What is realistic to me may not be realistic to anyone else.

It's realistic to Hussain Bolt to run as fast,
but it is unrealistic to me(for myself) to run as fast as him.

If I ever told you what is my realistic expectations in trading,
if you're not to my level of expertise, it wouldn't be much realistic to you.

  • #22
  • Jul 21, 2012 1:45am Jul 21, 2012 1:45am
Looks like I've touched some raw nerves (again). Dream away.
Irregular
  • #23
  • Jul 21, 2012 1:54am Jul 21, 2012 1:54am
Quoting Slim Buffett

Could it be that you're searching for the elusive Holy Grail ?
No - I've already found it.
Irregular
  • #24
  • Jul 21, 2012 6:39am Jul 21, 2012 6:39am
I suspect there may be broker representatives on this forum - not pointing any fingers though. It would of course not be in their interest for some realism to enter the discussion. Oh - and the personal abuse - I think that is probably part of the repertoire.
Irregular
  • #25
  • Jul 21, 2012 6:55am Jul 21, 2012 6:55am
Various rich lists are compiled every year and no matter which ones you look at traders are totally absent - even at the 50 mill mark. Of course the dream makers will insist that the wealthy traders want to keep quiet, but I'm afraid that is not possible when you get above a certain level of wealth. I've worked for two people on the UK rich list - they certainly did not want to be listed, but it's hard to disguise a hundred mill.
Not saying that you can't make a decent living - but lets have some realism please.

Link to rich lists:
http://www.therichest.org/tag/rich-list/
Irregular
  • #26
  • Jul 21, 2012 8:33am Jul 21, 2012 8:33am
Quoting bigblue
Various rich lists are compiled every year and no matter which ones you look at traders are totally absent - even at the 50 mill mark. Of course the dream makers will insist that the wealthy traders want to keep quiet, but I'm afraid that is not possible when you get above a certain level of wealth. I've worked for two people on the UK rich list - they certainly did not want to be listed, but it's hard to disguise a hundred mill.
Not saying that you can't make a decent living - but lets have some realism please.

Link to rich lists:
http://www.therichest.org/tag/rich-list/...
That list are billionaire list, usually an international empire pushing into billions. But here are the traders....

Inserted Video

  • #27
  • Last Post: Jul 21, 2012 8:57am Jul 21, 2012 8:57am
Quoting bigblue
Various rich lists are compiled every year and no matter which ones you look at traders are totally absent - even at the 50 mill mark. Of course the dream makers will insist that the wealthy traders want to keep quiet, but I'm afraid that is not possible when you get above a certain level of wealth. I've worked for two people on the UK rich list - they certainly did not want to be listed, but it's hard to disguise a hundred mill.
Not saying that you can't make a decent living - but lets have some realism please.

Link to rich lists:
http://www.therichest.org/tag/rich-list/...


Means of production over a long period of time always generate the most wealth since it's the true wealth generator (goods, jobs / salaries that get spent etc). There are quite a few trader billionaers and exactly through the reasons i talked about above most of them are of course from the hedgefund industry since there is simply a (most of the time lower 7 digit) limit that you can achieve with standard trading and most importantly - it is risk free.

Besides that a lot in this list are traders and / or make their main income through investment trading e.g. holding stock in other companies / buying back its own stock / selling shares etc which _is_ trading. Buying large into companies even with the goal of getting some kind of control / change of leadership etc / splitting it / selling parts is still at the core of it trading.
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