I'm not particularly against the Crypto Bros, or the young kids trying to make it in this business. But there are no shortcuts. Good luck.
59k seems fair...
59k seems fair...
Attached Image (click to enlarge)
Look Sharp/Trade Tight
2
Forex - A negative sum game for losers
- Joined Dec 2015 | Status: Trader | 14,248 Posts
All parts are correct. People go on retail-FX trying to beat the odds + fees. Simple math.
So you have to make consistently at least somth like +52% just to equalize the odds. Time is the key word.
Making 52% in the long run playing a 50-50 game is definitely utopic. Or moronic? Laughable?
On the other hand, yeah, S&P always grows, no 50-50 game there, in the long run there's only UP.
So there's not so much risk'n there. You just need to be patient.
But what about the crypto bubble? What about the tulip bulbs bubble? What about the suprime bubble? What about the tech bubble?
OK, you, as a trader can make money up and down...
But the trouble with those money games is that when they bursts they fkn drag the whole world down all along with it
History shows. But who gives a fuck?
We just laugh...
So you have to make consistently at least somth like +52% just to equalize the odds. Time is the key word.
Making 52% in the long run playing a 50-50 game is definitely utopic. Or moronic? Laughable?
On the other hand, yeah, S&P always grows, no 50-50 game there, in the long run there's only UP.
So there's not so much risk'n there. You just need to be patient.
But what about the crypto bubble? What about the tulip bulbs bubble? What about the suprime bubble? What about the tech bubble?
OK, you, as a trader can make money up and down...
But the trouble with those money games is that when they bursts they fkn drag the whole world down all along with it
History shows. But who gives a fuck?
We just laugh...
Member
- Joined Dec 2015 | Status: Trader | 14,248 Posts
Hehe, yesterday I was so anxious to buy more of that non productive digital nothingburger because now is 'cheap' ...but I came across some bad news about the future of the blockchain. Jeeez, some credible people I admire recently said that quantum computing is getting closer and closer to fuck all up
So I held my hodl
I've been joking about QC for years, but now it's getting close to my "I told you so" moment.
Hodl seem even more hazy now... but on the short run. Just bought small for the game's sake.
Don't just watch, I mean buying and selling any dog poop asset can make you some real cold cash, right
So I held my hodl
I've been joking about QC for years, but now it's getting close to my "I told you so" moment.
Hodl seem even more hazy now... but on the short run. Just bought small for the game's sake.
Don't just watch, I mean buying and selling any dog poop asset can make you some real cold cash, right
Member