Search results

That could very well be. Except for the "surviving" part, lol. I'd be happy to be surviving. Instead, I'd say that I'm ... learning. At any rate, I love that twitter convo. Ok, I'll bite. This book sounds too interesting to pass up. I can't promise that I won't trade anymore. But I'll be...

Sorry. Evidently I did misunderstand you. I interpreted that first post of yours to be self-serving. Your follow-up proves I was wrong. It was not my intention to offend you. I would have responded differently to your first post if I had read your second post before your first. But then that...

I assume that you meant to say that you believe that I will not figure out a way to make trading profitable. You're probably right. But I would consider myself to be wasting an opportunity if I did not try to figure it out. So here I am. And you're effectively saying "go away." No, I didn't...

lol, you son of a gun. Good point. That may be what leads me back here in three years to eat my plate of crow. But we'll see. I've often thought that this 'numbers game' is also a good argument for 'averaging down.' As long as it's included in the statistical model, and proven successful, who...

Good grief, how do any of you have time to work on your trading with all this stimulating conversation? Either you haven't looked hard enough, or I'll be here in few years telling you that you were always right all along, in which case I hope you stick around long enough for me to eat some...

I'm curious dozu, which do you think is more difficult: discovering a plan that would work if perfectly followed - or perfectly following that plan? I'll hazard a guess that finding a good plan / strategy / edge / method is really not the hardest part. Nor is learning how to read price action...

Not that you need the money, but I want to pay your for this amazing post. I've been forming similar conclusions, but reading you state it so clearly has probably saved me a year of confirming this all for myself. THANK YOU.

I opened up an account with tradingsim to help me with this. I'm hoping that it will scratch the itch to reduce the likelihood of bone-headed trades due to impatience / lack of discipline. So far I think it's helping. I don't really know what a broker sounds like, lol. I try to chew the meat...

Yes! If I'm considering trading as a career, then the information you've provided here is what I'd expect to gather after sort of "job shadowing" successful traders. Thank you very much for this. I think that what I meant by "means to end" was that I view all money as just a tool and a means...

Ha! I love the gas gauge analogy! Steve, I totally agree. The account balance will not provide the information necessary to transform a failing trader into a successful one. For example, my account balance will not tell me that the cause of my failure are my emotions, poor entries, poor exits...

That is one of my primary concerns. And I want to clarify that the "1M" and "12 years" was simply an example upon which to anchor a conversation. It is the time that I'm investing that is most important to me. I want to believe that it will be worth it. That's a tricky question. On one hand, I...

Can I like this 1M more times???

I'd like to use the stock market to grow the capital necessary for subsequent down payments at the fastest rate possible. I'm not proud to admit that I'm not above buying cash flow using an appropriate down payment instead of hunting for months for the perfect real estate deal that essentially...

Don't we all need confidence to overcome any challenge? I do have some confidence still, even though the chart shows that the market's been making me it's b*tch over the last six months. I've failed at many things over the course of my life and, surprisingly, I still beat myself up each time, as...

Thank you ironchef! That sentiment is refreshing. Wow, you've been trading full-time for 9 years and that's not proof that you can trade? Can you indulge me and elaborate on this? What will it take for you, personally, to achieve before you consider yourself a proven trader? Agreed...

Crap, I really should've included my strategy in the original post. Here it is (applicable to both long and short plays): 1) I'm on the Pacific Coast. Wake up at 5am, complete my morning routine, begin the process to select FOUR stocks to watch / trade. 2) I'm looking for +/- 2% gappers with...

Aren't I asking you the same question? To answer, because my attempt to learn trading is not currently compromising my existing finances or relationships. I've achieved "10,000 hours" with only two skills in my life so far, and both of them were worth it. I perceive there to be a great possible...

Thank you shatteredx, this appears to be some great info. I'll take a closer look. Much appreciated.

I love your attitude, Mark. And your question is actually the same as mine. Why are my goals what they are? What is realistic? What is achievable? If I could achieve 20% per year, then I would be happy to spend a few hours a day growing my account. But the threshold to determine when I could...

I have confidence that I can be profitable. I just have no idea what "making it" means in terms of $$. I'm pretty sure that "making it" is somewhere between making $100 per year and $100M per year, but I'm seeking help in determining what is realistic. I know this is a loaded question because...