Trading is not a Business - Page 2
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Thread: Trading is not a Business

  1. #11
    Quote Originally Posted by ;
    Hi

    First off, I have to state that this really is the worst post I have ever seen. The first component i.e. basically dont treat it as a company is totally incorrect.

    First off:

    1- Every company requires research of the market location and development of a business plan.
    So your first step for profitable trader is basically the first step of each small business.

    Two - You call for a control-freak character for Foreign Exchange, otherwise how do you restrain yourself from trading opportunities that dont fit into your business plan.

    3- Every successful trader will tell you, it's...
    Maybe we're only using different words for the same thing. I enjoy your mapping of the steps to your own. The point I am trying to create about company is that real company (something I have much expertise of) is not about plans and excellence. Crappy goods can become effective through good marketing, and as one contributor to this thread points out much business is accomplished by offering little brown envelopes (bribes) to buyers. Unfortuantely trading for the normal Joe requires ability which company doesn't - if you have'the gift of the gab' as one person has set it the you'll probably be prosperous in business - however, gift of the gab carries no weight in trading (unless you are trying to sell training courses).

  2. #12
    Quote Originally Posted by ;
    Perhaps we are just using different words to the same thing. I like your mapping of my steps to your own. The point I'm trying to create about company is that real company (something I've much experience of) is not about plans and excellence. Crappy goods can become successful through good marketing, and as a single contributor to the thread points out much business is accomplished by offering small brown envelopes (bribes) to buyers. Unfortuantely trading to the ordinary Joe requires skill which company does not - if you have'the gift of the gab' since...
    in the event that you really have a lot of company experience, I am amazed.
    To get a crappy merchandise to be successful it needs the marketing to be planned and executed to perfection. Again much like trading.

    How can you call a real business? Name one crappy merchandise which has been successful over a number of years?

    Also, if I am mapping the steps of your process and naming them as per company steps then why would you post such a thread.

    To say trading is not a company is like saying I do not understand how this company works(or any other company for that matter) so I will say its not a business enterprise.

    Seriously read a few novels about entrepreneurship and company and then we can speak.

    Edit:

    Done enabling you. Have a joyful non-business trading day ahead.

  3. #13
    Quote Originally Posted by ;
    Seriously read a few novels about entrepreneurship and business and then we could talk.
    I believe you have just dug your own grave.

    PS One crappy product which has done very very well - Windows - there is lots more.

  4. #14
    Lots of great things from posters and alot of crap too. Lots of broad and bad assumptions from Blue and very few useful points too.

    I have owned and constructed many small but successful companies over the past 30 decades and I egorically say trading forex ought to be treated as a business.

    You have to be driven, disciplined, single minded, hard working and completely focussed to succeed at trading forex for a living, substantially the same as running your own organization. Delegation is also essential for conducting a good organization, something not required with trading of course.

    Many small business owners I know are just one individual bands and make four or five times the national average wage but they are not control freaks, ppaths or thick, they work hard and they work smart, niche companies or highly skilled people.

    Admittedly big companies might require greedy, ppathic individuals to get to the top but it isn't a given, it's only something we've read about somewhere (who give a toss about taleb btw? I do not. I prefer to think for myself).

    As for trading 2% on multiple tools at the same time you are just compounding your risk, you might win big but you might also lose big too. Stupid thing to suggest IMO.

    The gift of the gab alone will not make you a successful business person, people like that generally wreck and burn off cos they did not handle all of the back end items or pay taxes , they are generally the ones that are thick.

    Most liars and cheats I understand start well and then go exactly the same manner as the bull*h*tters, they don't keep authenticity long enough to triumph.

    Trading forex should definitely be treated just like running a profitable small business.

  5. #15
    Quote Originally Posted by ;
    I believe you have just dug your own grave.

    PS One crappy product which has done very well - Windows - there's lots more.
    Last reply to your articles:

    Someone please stop him.

  6. #16
    Quote Originally Posted by ;
    Lots of excellent points from posters and alot of crap too. Lots of few points that are useful and bad and broad assumptions from Blue .

    I have owned and constructed many small but successful businesses within the last 30 years and I egorically say trading forex ought to be treated as a business.

    You need to be driven, disciplined, single minded, hard working and totally focussed to succeed at trading forex for a living, substantially the same as running your own organization. Delegation is also essential for conducting a fantastic organization, something not required with trading...
    Well said.

  7. #17
    Left and right and down we're abmonished from the gurus to feel that trading is a business and that's the door to the forex millions
    Therefore in order to actually succeed it is more than certain that trading must not be treated as a business enterprise.
    simple. What's up is down, what's wrong is perfect.

  8. #18
    That is my take on what Bigblue is saying.

    Maybe rather than saying Trading isn't a bussiness you need to say don't treat trading such as a failing company or whether you would like to be an effective trader then do what successful business people do.

    All the points mentioned at the first post except part of point 3 would be steps to be taken if you would like profits from company. I'd change stage 3 to say that back testing in addition to forward testing is vital.

    I don't think business should be the focus here. Like he said in the first article, it's about researching.

  9. #19
    As something to be aspired to some people hold up the company model. It is probably time to end down when personal abuse starts so farewell. I've started a thread on a formal method of constructing trading systems - but nowhere is the word company said I'm afraid.

  10. #20
    By the way I'm long Apple - entered 25/6 and will depart 6/9.

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