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See; this is what happens on a message board, so I'll tell my story.
I have been a full-time trader for 27 years, beginning @age 18. My father was a developer in Chicago and worked part-time as a professional trader at the CBOT in the '70's.
I began doing charts by 'hand' when I was 12 years old and was trading one of my father's accounts by 15 in his name (swingtrading).
Over the last couple months I have sent LVD on avg. about 3-5 emails per day that also go out to my brother {he runs a GM Pension Fund in Detroit @the GM Building} and my financial partner {who lives in China and part-time in Tel Aviv and Miami Beach}.
These are 90% professional and 'direct/actionable' market briefs that cover a wide variety of asset classes and market approaches. He is absorbing this and building a 'baseline' of knowledge {along with a variety of other profitable approaches from other successful long-term traders} that will be SPECIFIC to the skillset I will teach him.
The depth and breadth of these 'market-related' prescient emails is beyond the scope of this discussion board; however, that being written--if anyone wants to read a 'sample' of what I have been sending LVD in preparation for July training~feel free to email me researcher247@yahoo.com and then if you would--come back here and report your thoughts.
Again, I am not selling anything nor am I soliciting anyone nor am I declaring I make $2 million per year or ridiculous claims as such. I stand on the shoulders of those that came before me. There is nothing new under the Sun.
I risk up to 0.75% of my account per trade in the methodology (1 of them) that I will teach LVD. I consistently earn 25%+ on my 'margin' account each month and have not had a losing month in short-term trading in 87 months.
I value this thread and the people on it and I don't wish anyone to think I am some weird internet person. I am real, have lived in Vegas 4X's now in my career, and not having kids nor a wife I travel where and when I want on a thrifty budget.
Thrifty to a fault I save 85% of my gross income for retirement so that in 5 years at the age of 50 I can buy a small beach house (very modest) for the winter and summer season in different locations by water so I can begin to unwind after (by that point--32 years of full-time work in the financial derivatives industry).
Sorry for the long post. LVD and I met originally through a gambling/gaming website and we both have a passion for math and probabilities and statistics and I LOVE hanging out and drinking in casinos because the 'eye' candy is too good to not leer at!
Not to mention the undulating underbelly of the masses of different shapes/sizes/cultures & debauchery that goes down on the strip after a certain 'tipping point' has been reached.
I met LVD in 2008 (the fall of) and we began doing a 'grind' craps method and he surprised me with his quick recall and ability to grasp mathematical concepts in a direct and applicable way that extended beyond gaming into all areas of life.
We worked together until around late April/early May of '09 when I left for Florida and Tel Aviv before then moving to San Diego for the next 15 months or so.
My work is both an art and a science; mostly a science though. There is no wealth without work and buying and selling money successfully on a daily basis is an 'abstract' skillset that is analagous to performing at a high level in professional sports.
It is not your talent nor your work ethic that 'tilts' the odds in your favor over the long run; it is desire and structure and mental discipline while employing a proven 'positive expectancy' edge that can be slowly but surely built up and compounded (like a business).
My wins and losses are treated as inventory in my business. Liabilities & Expenses are the losses; wins are items I mark up 2 to 3X's my 'wholesale costs.'
There is NOTHING about my personality that would suggest I would be a good trader; nothing. I am a right-brained Type A Alpha male in my regular life outside my vocation.
However, these behaviors are not relevant to successful trading/investing/speculating. Being consistent has everything to do with stopping my personality from getting in the way of analyzing the markets objectively and correctly.
This can be learned quickly though and needn't be a long-term issue for anyone that understands logic and can separate the 'money' from the methodology and mechanics of analyzing price action of any asset class.
Early in my career I thought trading would 'end' my personal life; but I also learned over time (getting older is a privilege) that one can slowly build 'balance' into one's life {yes, step by step} until it is a routine and life then becomes kind of wonderful in short bursts and glimpses--in an otherwise very ordinary existence.
LVD is nearing 40 and if I thought he was not 'trainable' nor could listen well and then implement basic math skills for approximately 90 minutes up to 2 hours per day; even as a friend--I would have told him to move to San Diego and be a beach bum (with alot of sunblock) and enjoy the scenery and I would have provided him with a 'per diem' each day for his 'sweet nectar' needs.
Peace
DG 43
Quote:
Originally Posted by pommysmommy
This is worrisome.
What a lot of people do not understand is I cannot work anymore, neither physical or mentally. For the last 5 years, I had a job where I just sat around all night and watched TV or played around on the computer. I even had a problem with that after a while. To anyone who knows the Selling Source, that is where I did security at. It is a very upscale company.
It was killing me seeing all the people there living the life I always wanted. There where even people much younger than me who were making 3 times what I did, while I had my crappy old Ford Escort sitting out front. I ended up becoming good friends with a women there who was my age. She was a total sweetheart. I was surprised when she told me that I was more intelligent than a lot of the people there, and she could not understand why I have lived the life I did. I do not know either as it just sort of happened over the years. After I lost my job in November, true reality set in. I started to see how good I used to have it, although I did not know it at the time. I looked for similar work, and all I could find was security jobs that paid minimum wage where I would have to either stand in front of a grocery store all night, or sit in a parking lot all day in the heat/cold. That is not going to happen. Even then, who knows if those crap jobs would have hired me anyways. Now it is time for a change, and I have full faith in what degenerate gambler 43 does for a living. I am sure everyone can agree that what I am doing now is not working.
Last edited by observer53; 06-09-2012 at 07:23 AM..
Reason: fixwd broken quote
I love this thread, and the people on it. It is pouring with rain here in England, as usual. Just reading here each day what is happening with LVD cheers me up!
What a lot of people do not understand is I cannot work anymore, neither physical or mentally. For the last 5 years, I had a job where I just sat around all night and watched TV or played around on the computer. I even had a problem with that after a while. To anyone who knows the Selling Source, that is where I did security at. It is a very upscale company.
It was killing me seeing all the people there living the life I always wanted. There where even people much younger than me who were making 3 times what I did, while I had my crappy old Ford Escort sitting out front. I ended up becoming good friends with a women there who was my age. She was a total sweetheart. I was surprised when she told me that I was more intelligent than a lot of the people there, and she could not understand why I have lived the life I did. I do not know either as it just sort of happened over the years. After I lost my job in November, true reality set in. I started to see how good I used to have it, although I did not know it at the time. I looked for similar work, and all I could find was security jobs that paid minimum wage where I would have to either stand in front of a grocery store all night, or sit in a parking lot all day in the heat/cold. That is not going to happen. Even then, who knows if those crap jobs would have hired me anyways. Now it is time for a change, and I have full faith in what degenerate gambler 43 does for a living. I am sure everyone can agree that what I am doing now is not working.
Best wishes for good fortune LVD. I am rooting for you.
I love sunflowers. Last year I tried planting 'Mammoth Russian' along a wall in my backyard. They didnt get very big because I didnt give them enough water. I think I will plant a seed or two in my front yard & see what happens.
What a lot of people do not understand is I cannot work anymore, neither physical or mentally. For the last 5 years, I had a job where I just sat around all night and watched TV or played around on the computer. I even had a problem with that after a while. To anyone who knows the Selling Source, that is where I did security at. It is a very upscale company.
It was killing me seeing all the people there living the life I always wanted. There where even people much younger than me who were making 3 times what I did, while I had my crappy old Ford Escort sitting out front. I ended up becoming good friends with a women there who was my age. She was a total sweetheart. I was surprised when she told me that I was more intelligent than a lot of the people there, and she could not understand why I have lived the life I did. I do not know either as it just sort of happened over the years. After I lost my job in November, true reality set in. I started to see how good I used to have it, although I did not know it at the time. I looked for similar work, and all I could find was security jobs that paid minimum wage where I would have to either stand in front of a grocery store all night, or sit in a parking lot all day in the heat/cold. That is not going to happen. Even then, who knows if those crap jobs would have hired me anyways. Now it is time for a change, and I have full faith in what degenerate gambler 43 does for a living. I am sure everyone can agree that what I am doing now is not working.
Look for a phone customer service or sales job. Try applying even though you may not have all the experience they want. Highlight any sales/customer service skills you have in your cover letter. I think a good cover letter makes a big difference. What about working with a temp agency?
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Even then, who knows if those crap jobs would have hired me anyways. Now it is time for a change, and I have full faith in what degenerate gambler 43 does for a living. I am sure everyone can agree that what I am doing now is not working.
