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That advice about beliefs has been valid and will be valid as long as trading exists. Don't have beliefs. Beliefs are your enemy as a trader. I think that's valid advice for any trader.

It's ok dude. You don't have to believe it.

I made 275 k my last year of trading. I made about 1 million in total in 10 years. I think I had a decent sense of risk management. I traded millions and millions of shares a year. I cut my losses and let winnings run. I almost never had a big loss related be to winnings. Most of the time I...

Well one way I know for sure is at least one of them charges insane amounts of fees. 3 percent on in and out trade. 3 percent!

I made like 1.3 cents I wish hop MAybe it's changed since I traded. But my advice is erase ALL beliefs.

Yup. As soon as the cats out of the bag it becomes the target.

To share a working system in the markets is like observing an electron. You won't find any Bingo.

Hey man great post. I can't really explain it. I remember coming up with a million excuses at the time too. Excuses and trading is an oxymoron. I blamed the hfts my latency my internet and so on. It was me and only me. I did not see it as a small loss. I saw it as a loss of opportunity. I also...

I was looking into some firm that could protect orders from manipulation such as Thor program which had the idea of slowing down the latency periods of all exchanges the order was being sent to to arrive at same time. Read that in flash boys book.

That's exactly what happened. I also made incrementally more every year starting from 1999 . 25 k lost was without a single major hit. It was like Chinese torture. It really was the consistent psychological pressure over the course of an entire year without any real success. Ironically I've had...

Just a question. Where do you trade cryptos? I looked at one place charging about 3percent in out and chuckled.

To answer the last part of your question. I'm thinking of putting up 25k at a prop firm .I will absolutely not rely on past methods that worked because I realise as I always have that market is dynamic. What works today may not work tomorrow. This is especially true for so called "methods" I see...

I am for the first time trying to educate myself through literature on trading. I have not done any back testing as of yet but am jottting down some ideas. I was never much of a technical trader although I was a good tape reader early 2000s. That became impossible with hfts taking over...

Yeah you're right I admit that it doesn't add up. I just had an extreme difficult time dealing with losses over the course of a year. It's different. I was mentally shot. Infact there was a day I made more than my entire losses of the following year causing me to quit. It was my best day to that...

There is no rule passed without intent to separate wealth from the masses. Has been like this for a long long time. And it's always under the guise of helping the little guy. Proof is in the math. Has wealth continued to accumulate at the top at greater portions? Yup.

There is a big difference in paper trading and real trading. Someone had a quote somewhere "you can't train for war playing battlefield" You need to feel the raw emotions of risking something and deal with those emotions.

Also I should mention that I moved to Pennsylvania rural area on the year I started losing (from nyc). I think that may have played some part but not the main issue imo. 5mbps connection at the time was the fastest I could get. I'll be moving back to NYC before trading again.

I was thinking just that. A crazy bull market using fraction system with specialists , tape reading, sector trading to an economic meltdown . Crazy changes. I adapted to all of it except the last year. I'll try to impart any knowledge I had in trading during that time period if anyone is interested.

You think? Markets are so different. But not so differwnt.