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Additional resources for Accounting Equations and Answers
Let me say at that time I believed the same thing. I never thought I could get so upside down in every part of my life. I literally found myself at the end of a rope that I didn’t even know could exist; certainly not for me personally. I actually believed it was all about money and how money works. Q. than most and had succeeded at everything I had done up to that point. Women loved me. My family loved me. I had friends. I made money. I was young and ambitious, respected by strangers. Then I got into the markets.
I sold clean and really wanted them to win. I genuinely liked my clients. I returned phone calls promptly and never asked for more than a reasonable amount of money for my services. I always did what I believed a true professional should do when he has a fiduciary responsibility—and still do to this day. However, the fact was, I was grossly misinformed about the true nature of the markets and the industry. I honestly thought the solution to this problem was more market study and finding the right brokerage house.
Where does all that money go? I’ll talk more about that later. Now in fairness to the good traders out there, and the ones who have net winning years most of the time, I’m not trying to disparage the whole group. Some trading groups take a very professional approach to their market presence. Many large firms require university degrees, certain market knowledge, and require their traders to work under very close scrutiny. But this approach is not as common as you might think. My point is only to illustrate that the world of trading and the world of brokerage are not easily integrated.