The one-of-a-kind comic actor Chris Farley passed away 20 years ago today. My favorite skit of his was “Matt Foley” who lived in a “van down by the river”. In my first few years of (totally incompetent) trading, that would have been an upgrade of sorts. At least in the van there would have been (literally) no crack dealers living in the apartment directly above my roommate and myself. My roommate was (usually) a good guy, but his main focus was partying. And gunshots were common at night. So getting thru that period, while staying focused and working on trading non-stop, is something I’m quite proud of. But my focus back then was, why in the world were there so many guys around me on the trading floor who were consistently trading so well, and yet I couldn’t hardly do anything right. I was obsessed. It eventually came together for me via pure consistent hard work and respect for the business of trading.
So when I see the filth which comes from the incompetent clowns (and/or scam artists) all over the internet, it is truly disgusting. They are totally disrespectful to this great business, and they only survive by scamming, exploiting, lying, giving fake seminars, using fear tactics, selling wildly inaccurate newsletters and books, etc. Because they have never (nor will ever) made any money thru trading. Their only road to riches is by (somehow) getting people to fork over their very hard earned money, or by getting people to go to their popular websites (which have been wrong about markets for years).
At our website, we use no scamming, very little marketing, but put out what we believe is quality work. And we will continue to do just that, because it’s our work which has made us good traders. But we understand what the crowd is attracted to, and the scam artists like Goldsilver.com, Harry Dent, John Mauldin, or Michael Snyder will remain very popular. And they will never need to live in a van down by the river. Unfortunately the same can’t be said for many of their loyal followers.
love it!
I wish “Matt Foley” would have spoken to my loser roommate.
La-di-fricken’da!…. been using those papers to roll doobies…well.. you’re gonna have allot of dooby rolling time.. living in van.. down by the river!…
..we’re gonna be bunk mates, pals, amigos..
here’s you.. here’s me… here’s you… here’s me…… woopsy daisy… good shiite!
Those were the days for SNL.
I think knowing who is scam artist and who is a real trader is a must step in a trader evolving , particularly in today social media .
Yes, I worked very hard to get to the point where I only rely on myself. It takes time to get to that point tho.