About to give it up after 3 years of trading

SwiftTrader,

I've posted this one before, and then I received tons of "thank you" messages. I guess automated trading is your only solution at this stage. Try the link below, more and more traders are starting to use it these days, and claim they're making good money with it. I hope the $300 aren't gone yet :)

http://www.stockhits.com/site/id62.html
 
Originally posted by William
Well... life sucks, just accept it.
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lol...if 2 quotes are ever true, they are......

life's a bitch and then you die......and....there are two sides to every story....

just my genius opinion....
 
Originally posted by SwiftTrader
I see what I gotta do....I've got enough to live without working for about 20 years and I'm still up money since I started.
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Sounds like you have a method, you're profitable (must have paid a huge amount of commissions), and have lots of time. Sounds like your in the top 10% already. All you need is discipline and you're there. That should be your goal now, iron discipline, the last rung on the ladder. Avoid "playing" with your profits. They're so difficult to pry out of the market and so easy to give back. They're much better spent on vacations, cars, mortgage payments, charity, etc.. Try to think of trading as a boring job and don't look for excitement in it. If you want excitement take some of your profits and go skydiving or rock climbing, or buy an airplane, whatever.
 
Originally posted by thetraderprofit
You are correct, you can't do anything right.

You're using alcohol. THAT's the PROBLEM.

NOW, I want you to RUSH out and get a COCAINE problem.

There, feel better?
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Trader,

Too harsh...

However, I bet you have _WAY_ more experience in this than me...

nitro :(
 
Originally posted by ddefina
Have you tried electro-shock treatment for those bad habits? If you widen your stops---BZZZZ, 1000 volts (low amperage) into the groin area. Take profits too soon---BZZZZZ, 800 volts into the temple area. Try it it it it it works.
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LOL

nitro
 
Originally posted by DayTraderNYC


Above statement is probably one fo the biggest misunderstood concept in money management/trading. If you stopped when you reached $500, you'd be broke veryquickly because you have to somehow make up for the down days. If you are good enough to have 50/50 days, and you had the discipline to stop when you were DOWN $500, you would be even. Most likely, what will happen is you will have $1000 losing days and some $500 winning days and, soon, you will be broke. If you say "average $500", that's another story. Averaging $500 a day means you have to have those +$1000, +$1500, +$2000 days to offset those -$1000, -$500, -$2000 days. Not an easy task.
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Mylanta trading ?

nitro
 
It was nice if you traded the heydays. It's rough now (as most know). But if Swifttrader has enough to keep him set for the next 20 + years, why bother fighting this market for the big gains he feels are necessary to make it worth his time, gains that are extraordinarily difficult to achieve?
 
Originally posted by I Missed Boat
It was nice if you traded the heydays. It's rough now (as most know).
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If something isn't working, then change it. I felt the same way as you do earlier this year, so I got my S7 and joined Bright. Recently I have been making just as much as I did a couple years ago. I couldn't do it without a prop firm. It's time to give Don a call :p
 
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