tag:blogger.com,1999:blog-706772597530050449.post3343211983534438954..comments2024-02-19T12:04:56.080-05:00Comments on Reading the Markets: Charles Ponzi, from riches to ruinationBrenda Jubinhttp://www.blogger.com/profile/02587551531260863509noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-706772597530050449.post-33141532793064370842010-01-27T12:01:53.782-05:002010-01-27T12:01:53.782-05:00Blue,
For me trading is a business, not a hobby.
...Blue,<br /><br />For me trading is a business, not a hobby.<br /><br />BrendaBrenda Jubinhttps://www.blogger.com/profile/02587551531260863509noreply@blogger.comtag:blogger.com,1999:blog-706772597530050449.post-64353138512170190682010-01-27T11:04:36.714-05:002010-01-27T11:04:36.714-05:00I like your second answer better.
My question w...I like your second answer better. <br /><br />My question wasn't about how much money you make. It was more to get a sense of who you are: is trading your primary occupation, or is it a hobby. <br /><br />Neither answer is better. It's just a matter of creating a mental image I can refer to when reading your blog.Russ Abbotthttps://www.blogger.com/profile/15431389045571531450noreply@blogger.comtag:blogger.com,1999:blog-706772597530050449.post-55435467839837945412010-01-27T09:48:25.657-05:002010-01-27T09:48:25.657-05:00Blue,
As I was ducking your question I should hav...Blue,<br /><br />As I was ducking your question I should have added another metric. Let’s assume that I need $100,000 to support myself. If my trading account is $5 million I can succeed with only minimal risk management skills. If, on the other hand, my trading account is $20,000, I have to outperform the likes of Renaissance Technologies.<br /> <br />BrendaBrenda Jubinhttps://www.blogger.com/profile/02587551531260863509noreply@blogger.comtag:blogger.com,1999:blog-706772597530050449.post-80759876465948693162010-01-27T07:30:47.195-05:002010-01-27T07:30:47.195-05:00Blue,
I'm sorry, but I don't feel comfort...Blue,<br /><br />I'm sorry, but I don't feel comfortable answering your question. This blog is about ideas, and I believe I have the credentials to write about ideas. It is not about me (except peripherally), my trades, or my investments. Just consider: if I said I made $5 million a year trading I would be deluged with requests for my secret; no one would ever believe that reading had anything to do with it. If I said I lost $10,000 a year trading, the response would be “Aha! I always knew that readers could never be successful traders.” In either case I would undermine the premise of this blog. I trust you understand.<br /><br />BrendaBrenda Jubinhttps://www.blogger.com/profile/02587551531260863509noreply@blogger.comtag:blogger.com,1999:blog-706772597530050449.post-40952723475143874122010-01-27T00:06:06.186-05:002010-01-27T00:06:06.186-05:00Hi Brenda,
You describe yourself as a trader -- a...Hi Brenda,<br /><br />You describe yourself as a trader -- along with all the rest. Does that mean that you are good enough to support yourself trading? <br /><br />Just curious.Russ Abbotthttps://www.blogger.com/profile/15431389045571531450noreply@blogger.com