3 years and

[feng456]

To make money...obviously? I don't go around bragging to people or stroke my ego if that's what you mean...

 

[nursebee]

No, I mean like pretend you are running a fortune 500 company beholden to shareholders and run a business.

Attention employees "Go make money" is hardly a goal they can know how to do.

You are making money, just not a positive sum.

Why are you losing? Trading is zero sum, why are you on the wrong end?

What makes you think your methods should work? Are you gambling? Are you throwing good money after bad? What has worked for you, do more of that.

Pursue a job, give up the frenetic crap you are doing.

Get a coach that is successful.

 

[feng456]

Quote from nursebee:

No, I mean like pretend you are running a fortune 500 company beholden to shareholders and run a business.

Attention employees "Go make money" is hardly a goal they can know how to do.

You are making money, just not a positive sum.

Why are you losing? Trading is zero sum, why are you on the wrong end?

What makes you think your methods should work? Are you gambling? Are you throwing good money after bad? What has worked for you, do more of that.

Pursue a job, give up the frenetic crap you are doing.

Get a coach that is successful.

I knew someone like you. Lots of rambling general statements, never any specifics. "...money management and psychology..."

Turned out the guy was a major shill.

Stop wasting my time.

 

[dbthitman]

Quote from feng456:

basically flat. Should I quit?

You should quit doing what you've been doing.

But if the passion for trading is still there and you won't feel passionate about the alternative then No, never quit.

Take a little break to research, talk with other traders, then get back in and try something new.

 

[R. Raskolnikov]

Doing everything right might mean that either your method isn't as robust as you thought it was (even though you implemented everything properly) or you got very unlucky (do you hold overnights?).

You need to evaluate which one it is; if unlucky then yeah that sucks but at least you know that your method is still solid and that most likely things will even out when you catch some good luck. If your method is not very good, then you need to decide whether you want to spend a lot more time retooling it, or if you want to call it quits.

Have you done a thorough analysis of last year and how you got to this point?

Quote from feng456:

Last year was supposed to be my best year. I did everything right and it ended up being my worst year (completely flat). My first two years, even with diddling around and the big screwups I ended 10 and 20% up.

When you do everything right, and spend a whole year of your life on it, and you get absolutely nothing in return...

 

[feng456]

Quote from R. Raskolnikov:

Doing everything right might mean that either your method isn't as robust as you thought it was (even though you implemented everything properly) or you got very unlucky (do you hold overnights?).

You need to evaluate which one it is; if unlucky then yeah that sucks but at least you know that your method is still solid and that most likely things will even out when you catch some good luck. If your method is not very good, then you need to decide whether you want to spend a lot more time retooling it, or if you want to call it quits.

Have you done a thorough analysis of last year and how you got to this point?

Well that's the problem is at this point I'm not sure if it was bad luck or something wrong with what I'm doing.

 

[Zr1Trader]

Quote from feng456:

I see myself making essentially nothing money and of myself for the rest of my life. Whoopee.

Thoughts become things.

If you see your self failing, you will.

 

[koolaid]

Quote from Grandluxe:

You must think about the opportunity cost, especially if you are in your prime working years. Understand that your peers are now 3 years ahead of you in the career/corporate ladder, not to mention the social networks they have built.

Of course if you are a 65 year old retiree like many around here and have nothing better to do with your time, carry on.

that corporate ladder is over rated. you work 10-12 hours a day for what? so you can hope to become CEO at 55+ and work more?

 

[nursebee]

I am not selling anything, I am not a shill.

Me thinks you are not willing to stare into the mirror enough to be a success.

 

[Redneck]

Quote from Zr1Trader:

Thoughts become.....

Reality



RN