Osiris / Profil

An investment banker stood at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellowfin tuna. The banker complimented the fisherman on the quality of his fish and asked how long it took to catch them.

The fisherman replied, “Only a little while.” The banker then asked why didn’t he stay out longer and catch more fish? The fisherman said he had enough to support his family’s immediate needs. The banker then asked, “But what do you do with the rest of your time?” The fisherman said, “I sleep late, fish a little, play with my children, take siestas with my wife, stroll into the village each evening where I sip wine, and play guitar with my amigos. I have a full and busy life.”

The investor scoffed, “I am an Ivy League MBA and could help you. You should spend more time fishing and with the proceeds, buy a bigger boat. With the proceeds from the bigger boat, you could buy several boats, and eventually you would have a fleet of fishing boats.

The investor continued, “And instead of selling your catch to a middleman you would then sell directly to the processor, eventually opening your own cannery. You would control the product, processing, and distribution! You would need to leave this small coastal fishing village and move to Mexico City, then Los Angeles and eventually New York City, where you will run your expanding enterprise.”

The fisherman asked, “But how long will this all take?”

To which the banker replied, “Perhaps 15 to 20 years.”

“But what then?” asked the fisherman.

The banker laughed and said, “That’s the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich. You would make millions!”

“Millions. Okay, then what?” wondered the fisherman.

To which the investment banker replied, “Then you would retire. You could move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siestas with your wife, and stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”

How to evaluate a trading signal?

Hi guys ,
I just get the post from a forum .
here is the quote :

1 : You have to look at reputable brokers where you fund the account (NFA or FCA ? scam broker?)
2 : You have to see the AUM of the fund, is a 500$ account or 5000$ account, this is an important factor also.
3 : Usually PAMM performs better than signals, less technical problems like trades not copied or slippage.
4 : Do not look only at the profit : In general grid or martingale systems seems they gain a lot, but one day ( without advice you ) the account is destroyed totally.
5 : Be realistic with yourself : If the best Hedge fund traders make 30-50% a year how can you pretend more? You can have more if your risk is incredible high!
6 : Strategy : The best strategy most of the time are FLAT. So they are very selective, you do not have to stay always with open positions in the market.
7 : Try to not follow the mass... the most popular strategies have drawdown of 50% and more... and the mass, the 95% of people lose money in this game.

Hope helpful to you !