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MadMarketScientist
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MadMarketScientist got a reaction from Donald in Trading for a Living
I like that idea of pulling out the profits. I think where some traders go wrong is thinking in terms of a salary and expecting a fixed dollar amount every xx week/weeks like when they are on payroll.
In all my years of trading my returns are never smooth -- some weeks/months the market is just so generous, other times it's incredibly stingy. I'd drive myself crazy if I had a "salary" expectation that was consistent/smooth.
Even when I look at my long-term non-traded assets like funds and stocks if I look at the monthly returns it is literally all over the map.
So, skimming out the profits makes sense but just don't expect that to ever be a consistent number. Assuming it's positive to begin with!
MMS
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MadMarketScientist reacted to Tams in Vendors Vendors Vendors
YOU are not adding to the discussion, and I do not appreciate that.
You sound like a desperate vendor, bitter about the success of your competitors.
If you want any respect around here (even as a vendor), you should start your own thread and start to share something of substance.
You post leaves a bad taste in your mouth.