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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Kirk © who wrote (9990)11/20/1999 6:06:00 PM
From: MrGreenJeans  Read Replies (2) of 15132
 
Professional vs. Amateur

If you are well versed in the markets, well versed in economics and finance, have extensive knowledge of trading, and have the consistent results to prove it as measured by your gains in up and down markets, and the major portion of the money you make is from the markets you are a professional.

If you think you have the above traits, talk the talk, but cannot follow through on the above you are an amateur.

It is my opinion that those who dismiss hedging are pure rank amateurs in the markets on a temporary basis.

Where do you draw the line for "traders"? 100 trades a day? once a day? Once a month? Once a quarter?

It is not the quantity of the trades one makes it is the quality or the success of the trade that matters. Successful traders do not have to trade 100 times a day some make a few trades per year; well timed and profitable.

If the above sounds arrogant IT IS but there is much truth stated.
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