Quote from Businessman:
Spanish89,
The average newbie lasts between six to twelve months in this business.
They will go between 3 and 9 months before the market really moves against them on one of their positions.
Intially they are confident, the market has never hurt them, so they dont use stops as they have never experienced a big loss, or if they have it was only on paper and the market has always came back for them.
They will have had a growing account PnL by taking small profits and waiting for the market to come back if it goes against them (perhaps even doubling up).
But eventually the market traps thems and forces them to book a large loss. From this point on they can no longer 'trade' this way as the mind is now fearfull of another large loss.
At this point the newbie begins to discover how hard trading really is.
lol
Mate im not some kinda fucking newbie to this!
I honestly wish i was, so i could then quit before i foundout how great it can be and could have got a life and career that id been planning for since i was young.
I dont know about your financial background, or under what circumstances you were in when you started trading,
but i can say with extreme confidence that you have no fucking idea what its actually like to trade when your under extreme stress!!
And you wouldnt have made it for even 1week if you had started trading under the financial conditions and constraints that i have been under, having to earn the amount of % profit every week that i had to make just to get by!
If you fancy making yourself feel bigger and to try looking skillful and big for abit on here then feel free to post more comments calling me a newbie, lucky, and giving the old cliches about what makes a good trader.
But if you want to actully contribute to this thread why dont you instead just start giving live daily trade calls and analysis,
so you can show with you actions how skillful you actually are at trading.
