Posted by burkmere on 15th of May 2009 at 10:35 am
Nope...I'm not a trader, per se, with my money...more long
term..occasionally I will trade, but love this site more for
intermediate trading/investing...
I think the academic studies as well as the anecdotal
experiences bear me out. I'm just trying to warn him.
Do you know a ton of people who have become wealthy trading?
I have a defined benefit plan..I can become comfortable just
going to work for 30 years....
I won't become filthy rich, but I can become quite comfortable
if I am reasonably successful investing/trading....however, for
someone with no backup..i.e. they are depending on their sole
income from trading (and they have just started), I think there's a
very high percentage chance they will not make it and may lose it
all.
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Not my from experience..
Posted by burkmere on 15th of May 2009 at 10:35 am
Nope...I'm not a trader, per se, with my money...more long term..occasionally I will trade, but love this site more for intermediate trading/investing...
I think the academic studies as well as the anecdotal experiences bear me out. I'm just trying to warn him. Do you know a ton of people who have become wealthy trading? I have a defined benefit plan..I can become comfortable just going to work for 30 years....
I won't become filthy rich, but I can become quite comfortable if I am reasonably successful investing/trading....however, for someone with no backup..i.e. they are depending on their sole income from trading (and they have just started), I think there's a very high percentage chance they will not make it and may lose it all.