Supercharged Vipermad
Enthusiast
I am a commodity and equity futures speculator (i.e. trader). I was recently chosen to assist in trading a large private hedge fund out of St. Thomas, U.S.V.I. and leave next Thursday. Trading takes about 10-12 hours a week and does not require me to watch any computer screens or quotes intraday.
***I have received a few e-mails asking me how I do what I do. Also, the question "Why did so many people lose money the last 18 months or so in the markets?" is commonly asked. To give you an idea of the difference between a speculator and an investor, speculators trade a financial vehicle either way, up or down. Investors obviously normally buy and hold. The last few years most people were speculating as the market was trending strongly up, then acted as investors as it turned down and they held on. A true speculator would've taken his or her signal to get out near the top and would've taken their profits off the table. As one poster mentioned, most speculators have been "short" (i.e. wanting it to go down) a lot of equities the past year and have done extremely well.
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***I have received a few e-mails asking me how I do what I do. Also, the question "Why did so many people lose money the last 18 months or so in the markets?" is commonly asked. To give you an idea of the difference between a speculator and an investor, speculators trade a financial vehicle either way, up or down. Investors obviously normally buy and hold. The last few years most people were speculating as the market was trending strongly up, then acted as investors as it turned down and they held on. A true speculator would've taken his or her signal to get out near the top and would've taken their profits off the table. As one poster mentioned, most speculators have been "short" (i.e. wanting it to go down) a lot of equities the past year and have done extremely well.