redgtxdi
Diamond Member
So it's my fault to begin with because I watch the dumb show, but it's just kinda' like watching business news to me. I don't really care what the Najarian pony-tail brothers traded for the day.......
Sooooo on Fast Money today, Melissa Lee (damn I miss Dylan Ratigan) puts up the VFINX symbol which she admits she invests in for her own IRA. The chuckles immediately begin around the desk. Of course, NONE of the traders would even DREAM of investing in such nonsense. Hell, VFINX is down 1.5% on the year so far, right??
Well, I'll try to make this short........
Nobody on that desk will ever tell you about the losses (and I mean, the serious pants-around-the-ankles ASS whooping) they've taken on bad trades. All we'll ever hear about are the great trades they made that day & how they got in the dip at 10am & out at 2pm on the spike or how they played the perfect short on XYZ.
Sorry but all those chucklers on the desk make their REAL money with OTHER people's money managing their hedge funds making very popular trades that.....at the end of the day......don't make much more than the market average.....EVAR!!!
They don't pay shit for their trades, calls, puts, shorts, stops, etc. etc. (unlikes us poor folks). They have the kind of insider info we could only dream of having and typically don't have half the balls they'd like to claim they do cuz they're always playing options on their trades anyway.
/rant
Sooooo on Fast Money today, Melissa Lee (damn I miss Dylan Ratigan) puts up the VFINX symbol which she admits she invests in for her own IRA. The chuckles immediately begin around the desk. Of course, NONE of the traders would even DREAM of investing in such nonsense. Hell, VFINX is down 1.5% on the year so far, right??
Well, I'll try to make this short........
Nobody on that desk will ever tell you about the losses (and I mean, the serious pants-around-the-ankles ASS whooping) they've taken on bad trades. All we'll ever hear about are the great trades they made that day & how they got in the dip at 10am & out at 2pm on the spike or how they played the perfect short on XYZ.
Sorry but all those chucklers on the desk make their REAL money with OTHER people's money managing their hedge funds making very popular trades that.....at the end of the day......don't make much more than the market average.....EVAR!!!
They don't pay shit for their trades, calls, puts, shorts, stops, etc. etc. (unlikes us poor folks). They have the kind of insider info we could only dream of having and typically don't have half the balls they'd like to claim they do cuz they're always playing options on their trades anyway.
/rant
