I remember when I started my trading journey in 2017 I decide to watch all films and tv shows that ever made about money in cinema, and one of the best films about trading and money is WallStreet 1987 directed by Oliver Stone. Gordon Gekko, played by Michael Douglas,is a ruthless businessman and a successful trader who is a head of financial curve and there is Bud Fox, a young Wall Street broker who is trying to make his father proud...
Gordon Gekko’s Philosophy
Many aspiring financiers saw Gekko as a mythical antihero and began emulating his character in real life . there are certain quotes and scenes in film that will stick with you for a while and today we going to analyze some of them and see how we can learn from them, I share some of my experience after the quotes as well
1. Greed, for lack of a better word, is good - Gordon Gekko
yes that's true first set your goals because as a fighter and a trader you must know what you fighting for, now its time to use greed as fuel and hustle -my opinion
2. Money never sleeps, pal
some markets like crypto is open 24/7 and you should always learn and earn but remember better late than never means if you start trading with little knowledge, you end up rich other traders!
3. Rich enough to have your own jet. Rich enough not to waste time
one of the best thing money can get you is Time, yes..you can buy more time with money but most people waste their time to get money, timing is everything
4. It’s not about the money. It’s about the game between people
most successful traders are gamer but why? because they know, no matter how much the game is hard, you always can try harder, master it and finally win the game
5. The richest one percent of this country owns half our country’s wealth
Richest 1% bag nearly twice as much wealth as the rest of the world put together over the past two years
6. Now you’re not naive enough to think we’re living in a democracy, are you buddy? It’s the free market. And you’re a part of it
you should know trading is war, its battlefield, some like Nancy Pelosi do insider info trading and some like Elon pump the whole market with one single tweet
7.Well, in my book you either do it right or you get eliminated
there are moments in market that if you make mistake you should wait more than a decade to get another opportunity
8. If you’re not inside, you’re *outside"
if you are not trade you don't learn and if you are not learn you don't earn plus there are always valuable communities that know something that most people don't, be curious.
9. It’s all about bucks, kid. The rest is conversation
don't make friend, make money. be respectful, be professional
10. I look at a hundred deals a day. I pick one
you must always consider cost of opportunity if you had a good trade you probably missed a great trade. be selective
Gordon Gekko’s Philosophy
Many aspiring financiers saw Gekko as a mythical antihero and began emulating his character in real life . there are certain quotes and scenes in film that will stick with you for a while and today we going to analyze some of them and see how we can learn from them, I share some of my experience after the quotes as well
1. Greed, for lack of a better word, is good - Gordon Gekko
yes that's true first set your goals because as a fighter and a trader you must know what you fighting for, now its time to use greed as fuel and hustle -my opinion
2. Money never sleeps, pal
some markets like crypto is open 24/7 and you should always learn and earn but remember better late than never means if you start trading with little knowledge, you end up rich other traders!
3. Rich enough to have your own jet. Rich enough not to waste time
one of the best thing money can get you is Time, yes..you can buy more time with money but most people waste their time to get money, timing is everything
4. It’s not about the money. It’s about the game between people
most successful traders are gamer but why? because they know, no matter how much the game is hard, you always can try harder, master it and finally win the game
5. The richest one percent of this country owns half our country’s wealth
Richest 1% bag nearly twice as much wealth as the rest of the world put together over the past two years
6. Now you’re not naive enough to think we’re living in a democracy, are you buddy? It’s the free market. And you’re a part of it
you should know trading is war, its battlefield, some like Nancy Pelosi do insider info trading and some like Elon pump the whole market with one single tweet
7.Well, in my book you either do it right or you get eliminated
there are moments in market that if you make mistake you should wait more than a decade to get another opportunity
8. If you’re not inside, you’re *outside"
if you are not trade you don't learn and if you are not learn you don't earn plus there are always valuable communities that know something that most people don't, be curious.
9. It’s all about bucks, kid. The rest is conversation
don't make friend, make money. be respectful, be professional
10. I look at a hundred deals a day. I pick one
you must always consider cost of opportunity if you had a good trade you probably missed a great trade. be selective
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12.The most valuable commodity I know of is information
best traders got the best info all the time and they have data advantage
best traders got the best info all the time and they have data advantage
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13. Bet on sure things
most new traders think the elites and whales take huge risks but if you study their behavior , its exactly the opposite. people think it was risk because they had no info and data about it
most new traders think the elites and whales take huge risks but if you study their behavior , its exactly the opposite. people think it was risk because they had no info and data about it
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14. You win a few, you lose a few, but you keep on fighting
the biggest edge that big traders got is their experience and never give up spirit
the biggest edge that big traders got is their experience and never give up spirit
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15. you're not naive enough to think we're living in a democracy, are you buddy?
It's the free market. And you're a part of it
It's the free market. And you're a part of it
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16.Ever wonder why fund managers can’t beat the S&P 500? ’Cause they’re sheep and the sheep get slaughtered. I been in the business since ’69. Most of these high paid MBA types, they don’t add up to dog shit. Gimme guys who are poor, smart and hungry. And no feelings. You win some, you lose some, but you keep on fighting
and if you need a friend, get a dog.
and if you need a friend, get a dog.
every trade is won before it's ever opened, read Sun Tzu The Art of War