I'm a global hillbilly. I do two things. I trade and I dive. If I'm not trading it's because I'm on a ship and if I'm not on a ship I'm trading. In fact now days I trade even when I'm on the ship. But ironically the ships happen less and less. Yet the traveling is more and more. Haven't been home for over a year now. I write to my car every month.
This lifestyle has taken me around the world, as far as I can tell, at least twice. Over the years I've met many people that I got to know on forums. I make a point of meeting up with traders I speak to when I'm in their area. And that's how I ended up once in the Singapore library staring at a Bloomberg terminal with a real trader. Only a poor trader would know there's a Bloomberg terminal in a library in Singapore. Cause that's the trader who made a plan to get what he needs.
He's not a wealthy guy. Has about a 10k account I think. Every month he does about 50% on that. Covers his bills. Keeps the family alive. Singapore is expensive, so ends just meet. Not much work for an aspiring trader due to the global crisis. And every month, he does 50% again and again and again. I can't do that. Practically no one can.
Then there's my German friend. Same thing. Every month it's hand to mouth in fx. And then there's......the list goes on.
So last night I have a 'fund manager' who can't make 1% in three months, try justify his existence by saying 'you don't know how macro funds work'. He talks down to me. Because I know 'less' and use stupid Metatrader. Somehow having a 'fund' makes it's acceptable to not perform? Not only acceptable, but desirable. And then 'people' complain because I'm being belligerent.
I know about funds. Madoff had one. LTC was one. Enron had some. All wealthy outstanding citizens and corporations.
Metatrader might have bad rep. But it has done one thing. We no longer have to hand over our money. We can keep it in our hands. Out of the hands of those who will take it and stick enough of it in trust funds so they can live rich while the fund goes bust.
I'm a wild card. But I'm a real trader. I make my money from trading and diving. Not from taking advantage of other people. And I am proud of that.
The best traders in the world no one hears about. It's the guy in the Singapore library (walk in there any time of day and you'll see one or two hanging around waiting for the terminal), it's my german friend. It's the guy who pays his bills every month, the guy that has to take the trade to eat. It's that Malaysian dude trading $100 to $200 and the Indian dude that heard he can make $100 a month using forex and struggles for 5 years to do it.
Those are the guys I respect. Not Mr. give me your money so I can take advantage of you. I call it the way it is. A spade is a spade. And with a little bit of luck, a lot of practice and good old stupid metatrader we might just be able to change a few things.