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It's neither whining, nor anything personal, but an expression of a
different belief system. You need to look for successful traders who do
their best working for other people. Here, you'll find successful traders
who do their best working for themselves.
At 02:57 PM 7/19/2001, Sethw2@xxxxxxx wrote:
>First, let me say that I am sorry for my post...Apparently I pissed off a
>lot of people, which was not my intention. John Sweeny was looking for
>"retail stock day traders." I was trying to find the same thing a few
>weeks ago and found none. There was one or two futures traders that wanted
>to work out of their home, but other than that there was mostly beginners.
>
>I had no idea I could piss off so many people trying to do a good deed. I
>let the Omega-list people know there was a firm I work for, which I like
>working for, which has trading capital available. Apparently, that is some
>kind of criminal act. I have never seen so much whining and sarcasm in my life.
>
>A lot of the private and public gripes I received I feel need a response...
>
>Q: One thing I heard a lot of was "If you are so successful, why do you
>need outside capital, blah, blah, blah."
>
>A: I personally would not want to risk my own capital if someone is
>willing to put it up for me. If I want to buy 1000 XYZ personally, I can
>buy 2000 at the firm and not worry about a coup in Russia, earthquake in
>LA, or terrorist in NY or whatever horrible scenario that could ruin your
>day, week, month etc. Once I get paid out, it is mine. It goes into fixed
>income, and I start over with a zero P&L and grind out another profit, but
>if something horrible happens, I am not on the hook.
>
>------
>
>Q: "Why work for someone else. Working for someone else is terrible, blah,
>blah, blah..."
>
>A: At my firm, the experienced traders are given a pretty free reign(sp?)
>to trade the way they trade without interference. My firm supplies me
>capital, a great office, quote machines, phones, & secretary. I just come
>in and do my thing. If I don't want to work, I don't have to. I completely
>make my own hours and can take off days, weeks, months, whatever. If I
>want to go to NY or CA or FL or wherever there is an office, they will set
>it up. I think it is a great thing.
>
>Q: "I don't want to commute. I want to trade out of my home, blah, blah,
>blah..."
>
>A: I don't think it personally good for me. I sit around in a bathrobe,
>shower after lunch, and am generally not so productive. Some people have
>very good reasons they can't go to an office, but in general, it is just
>lazy not to go to an office if it will give you access to more capital & a
>better chance to make money.
>
>Q: "Are you for real? I think you are full of shit. Have God give me a
>reference, blah, blah, blah."
>
>A: Yes, I am for real. I am an institutional trader. I have been trading
>7+ years without a losing year. Before that I was a clerk on the PHLX
>options exchange for three. Traded for a hedge fund, a large investement
>bank which was bought out by Goldman Sachs last year, and finally for this
>fine broker dealer I currently work for. My firm is for real. They provide
>plenty of capital.
>
>-----
>
>I am simply a trader letting others know about an opportunity. If you guys
>want to bitch about it have fun. There are some very bright and helpful
>people on this list, and I thought showing them a source of capital was
>doing them a favor. The rest of you whining wannabe's can piss and moan
>all you want, and I will continue taking money from you on a weekly basis.
>
>Finally, I make a living trading options and futures & if I had to day
>trade equities for a living, I would be living in a cardboard box by the
>side of the road. That is why I responded to Sweeny's post looking for
>stock guys. My firm is mostly momentum stock guys (who I would guess are
>getting toasted lately) but there is a small percentage of experienced
>guys who trade options and futures.
>
>
>Good luck trading,
>
>Seth
>
>P.S. If there are any experienced traders still interested, my firm is
>always looking...Just e-mail me and I will put you in touch with one of
>the managers.
>
>P.P.S. The rest of you stop whining so much. You sound like my wife.
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