[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 25 KB, 704x528, wows.jpg [View same] [iqdb] [saucenao] [google]
305332 No.305332[DELETED]  [Reply] [Original]

>Mfw 95% of the people on this board have no idea of the markets.

Like actually, you're all fucking retarded.

>> No.305335

>>305332
>Like actually, you're all fucking retarded.
confirmed for 19 year old.

>> No.305338

>>305332

Markets are gambling, The only people who make real consistent money are the ones taking the rake or the hedge funds who can force large shifts and capitalize on them.

>> No.305342

>>305335

Hahaha yeah I bet man! You sure got me!

How are your Bitcoins doing!

>> No.305345

>>305338

Hahah yeah! Gambling right!

Or maybe the ones who make consistent money are the ones with the statistical edge over a long period of time! Think about the roulette wheel and the casino!

With that mentality no wonder you're going to be living with your mother forever!

>> No.305346

>>305342
EXCLAMATION POINTS!!!

Also, cryptos are for Phaggots.

>> No.305347

>>305346

Yeah that's for true bro!!!!!!!!!

How do you trade!!!!

>> No.305348

>>305338
>markets are gambling
Except no.

>> No.305353

>>305348
>>305346
>>305338

hahahaha you guys know nothing!

>> No.305355

>>305345

"If you can't spot the sucker in the first half hour at the table, then you ARE the sucker. .."

>> No.305356
File: 652 KB, 704x528, wow2.png [View same] [iqdb] [saucenao] [google]
305356

>>305355

hahaahahahahh good one man

>> No.305471

>>302847#

Op look at that thread and tell me again how we don't know our shit? We stopped this guy from looking like an idiot at his bank.

>> No.305476

>>305332
>95%
>Not 99%
OP what are you doing.

Most of this board is just kids

>> No.305482
File: 41 KB, 892x439, besttrader.png [View same] [iqdb] [saucenao] [google]
305482

One of the best traders I know. Im making profit but still not as good as this guy

>> http://www.myfxbook.com/members/forexalertsystem/c-1-live/843495

>> No.305485

>>305482
How do you use myfxbook? Do you just follow traders? I mean, how do you benefit

>> No.305492

>>305332
im constantly monitoring the markets

look, tech is still volatile

http://finance.yahoo.com/echarts?s=VGT+Interactive#symbol=VGT;range=6m

>> No.305499

>>305485
This is not my account. Just a guy I found on myfxbook.

To use myfxbook, just connect your trading account(s) to the site and it will analyze your trading performance for you. You can either set your trading account(s) public or private.

>> No.305504

>>305482
>2 months
gonna need a larger time period to consider him a good trader.

>> No.305506

>>305499
I know that's not yours, I already have an account. I mean how do you really benefit from having an account? Hode you "use" it?

>> No.305510

>>305499
This guy is worth watching. Although I dont trust those russians.

>http://www.myfxbook.com/members/Kondakov/kondakov/161617

Constantly making 4%+ monthly since 2009

>> No.305513

>>305332
$RUSS

You'll be sorry.
$UGAZ too

>> No.305515

>>305506
it helps you analyze your trading performance. And if you can make profits consistently with reasonable drawdown ( like under 20% or perhaps lower). Rich investors and hedge fund managers will contact you to invest in your system. The investors will invest to your PAMM accounts. The hedge fund guys will recruit you to their companies.

A lot of hedge fund guys are lurking on myfxbook every month to find good traders.

>> No.305516

>>305510
That's a scam, bro.

>> No.305518

>>305515
>A lot of hedge fund guys are lurking on myfxbook every month to find good traders.
Are you serious bro? Where did you hear this?

>> No.305521

>>305516
yep probably because Forex MMCIS has a bad reputation. Thats why I said I dont trust these russians.

But the guy trading on Oanda is real

>> No.305533

>>305518
I've been using myfxbook for over a year since I started trading forex.

I have seen several forum threads recruiting traders. For example >> http://www.myfxbook.com/community/experienced-traders/20-40-performance-fee-/164585,1#?pt=2&p=1&o=164585

Last year, I saw a thread created by a guy from currensee. So in short, if you want to convince investors to invest in you or hedge fund managers to let you trade their funds, you can you the portfolio on myfxbook as evidence.

The common requirements are consistent profits and low drawdown.

>> No.305535

>>305533
sorry for my English if I made mistakes , its not my mother tongue.

>> No.305540
File: 38 KB, 512x384, 1357053358679.jpg [View same] [iqdb] [saucenao] [google]
305540

>>305482
>2 months

>> No.305544

>>305533
What % are they looking for, do you know? And how low a drawdown?
>>305535
That's fine, you were clear.

>> No.305548

I don't know anything either but I've already made 5k by the simple motto

Buy low sell high

>> No.305550

>>305544
normally 3% per month profit is fine. But the drawdown must be low, I believe must be less than 15% or perhaps even lower.

The reason you see ppl keep creating new trading accounts on myfxbook is to lower their max drawdown the catch the eyes of these hedge fund managers.

>> No.305552

>>305550
to catch the eyes*

>> No.305554

>>305550
Nice, thanks!

>> No.305567

I believe the reason the drawdown must be low because in the USA, max leverage for forex is only 1:50 and the stupid FIFO rule

>> No.305580

>>305567
>tfw 1:200 demo account leverage
75% of people on here seem to laugh nervously and grease their pants with a little brown, at the mention of the word 'leverage', but it seems to actually be just fine. If you just watch your position sizes in relation to your stops, which you should anyway, then I don't see how you would have a problem with high leverage. Just because you have 1:200 doesn't mean you have to use it all and wipe your account out in 50 pips.

>> No.305587

>>305580
I know. Im talking about why the hedge funds require traders' performance to be low in drawdown.

With the average annually profit for a hedge fund is only about 30%, no hedge fund would allow a trader to have a DD of 20%.

> Here is a secret, in fact the annually profit of hedge funds is higher than 30% but a part of this profit is unreported and goes to the pocket of the traders and managers

>> No.305732
File: 549 KB, 510x680, 1395497529928.jpg [View same] [iqdb] [saucenao] [google]
305732

>>305345
>Trading
>Not objectively Gambling
This famous treatise on investing disagrees with you, and you sound like a fucking moron.

>> No.305786

>>305732
>On investing
>investing

Trading isn't investing moron

>> No.305797

>>305786
But it is. Why does the time scale change the fact that the action is fundamentally one of putting your money into a cause that you think will increase with value? A reseller "invests" his money into a certain product because he believe he can sell it at a higher price later. So does the Day Trader, except his later is much sooner.

>> No.305798

>>305786
>>305797
>Invest: Expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture.
TL;DR, you're retarded.

>> No.305804

>>305797
The time scale is everything. Investing strategies don't work for an intraday trader etc. Go argue semantics elsewhere.

Trading doesn't work? Tell that to Paul Tudor and every major bank that operates a prop TRADING branch. They all do. But I guess you must know more than them.

>> No.305806

>>305804
You seem to mean that the strategies for long-term investing don't work for short-term investing. Go figure? They're both investing. They both put their money into schemes to make profits.

Open a dictionary or take your stupidity elsewhere.
http://lmgtfy.com/?q=define%3A+investing

>> No.305809

>>305806
Again your arguing semantics. Your use of the word "investing" and trying to mash it together with trading shows you most likely do neither. You could do the board a favor and stop commenting on things you know nothing about.

>> No.305815

>>305809
>Arguing Semantics
>YOUR use of the word...
I'm posting dictionary definitions to you. Keep being dumb.

>In finance, investment is the purchase of an asset or item with the hope that it will generate income or appreciate in the future and be sold at the higher price.

The book I cited for the OP recommends day trading above all else.

>> No.305824

>>305815
>Cites a dictionary
>Still using the word wrong

Go to any trading forum and paste this.

"I like scalping the GBP/JPY on the M1 charts. Maybe in a year of doing this it will increase my investment skills!"


Because trading is investing right. Its not like replacing investment with TRADING would make a lot more sense. Your talking like an academic with zero trading experience. Again do the board a favor and stop talking about things you don't do.

>> No.305828

>>305806

Shut the fuck up, faggot.

>> No.305832

>>305824
>I'm not wrong guys, all of the dictionaries are wrong, I promise!
>>305828
Cute.