Advice for all the noobs who want to be a full time trader...

SimpleMeLike said:
Trading small is bullshit. Has nothing to do with nothing. You either know how to make money trading or you do not. Period.
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When you start out live for the first time you don't know how to make money trading, not even if you are profitable trading in a demo environment. You can't buy anything with demo profits.

The mental aspect will be completely different and almost no one will be making money when they go live for the first time ever, no matter how much demo experience you have. You need to get used to having real money on the line, so starting out small definitely is important when you go live for the first time ever.

If it doesn't affect you and the performance you expected you can scale fast, if it does you can take your time instead of driving yourself crazy by going full size from day 1.
 
DevBru said:
When you start out live for the first time you don't know how to make money trading, not even if you are profitable trading in a demo environment. You can't buy anything with demo profits.

The mental aspect will be completely different and almost no one will be making money when they go live for the first time ever, no matter how much demo experience you have. You need to get used to having real money on the line, so starting out small definitely is important when you go live for the first time ever.

If it doesn't affect you and the performance you expected you can scale fast, if it does you can take your time instead of driving yourself crazy by going full size from day 1.
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The disagreement over ,,...To be, or not to be. In demo'' is kinda a new alternative to everlasting disagreement between TA vs FA**, efficient market theory, chicken or egg & etc.
**
(at least they present it like that in Market Wizard series, tho it's obvious that big players use both)
 
DevBru said:
When you start out live for the first time you don't know how to make money trading, not even if you are profitable trading in a demo environment. You can't buy anything with demo profits.
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I could be wrong but I have the impression there's a swathe of noob crypto traders coining it, excuse the pun. :)
So, noob crypto guys and gals are profitable out the gate, what's happening here?
 
themickey said:
I could be wrong but I have the impression there's a swathe of noob crypto traders coining it, excuse the pun. :)
So, noob crypto guys and gals are profitable out the gate, what's happening here?
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Everyone can make money buying the craziest bull market ever, that's not trading.

The hard part begins when the market is sideways or downwards trending.
 
DiceAreCast said:
Laughing my ass off, only possible in MERICA. Flaunt some good school degree, write books and be called a career trader. Laughing my ass off. I bet this guy cannot even properly discount a future cash flow with correct day count conventions. In any London pub the lads would have a field day with such crook
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As if. You Brits are still hiding at home. Can you even go to the pub yet? LOL
 
Overnight said:
You can ask me a question about padu three times, like, is padu an honest person, and I will give you the same answer three times. NO.

I spent the time to speak with him, and I fell for his BS. He seemed a nice person on the VOX chat. And I thought it was a language barrier thing where he was misunderstood. But then I started reading deeper into his posts afterwards, and remembering what he told me, and watched the advice he was giving people on the forum, and then found out his journal was fake....

Nah man. I know enough about the man, and have watched his stupid micro-FX lot trades failing in his sweatbox of a room with the poor lighting, to know he is not worth any intellectual discussion.

Remember. This is a person who says that because he has been studying whomever's books for 20 years and learned nothing, means that NOBODY should study books. THAT was his advice for trading padawans. Sorry you were not privvy to that side of the story. But there you are.
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HOW do you know i am a person at all?

and if i am dishonest what is the purpose of that? how am i frauding anybody because dishonesty means depriving some one of something? what am i depriving any body of?
 
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SimpleMeLike said:
Find and validate trading edge(s). Period.
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this is not a casino...casino is a closed system....markets are not.....edges are not valid for markets.

markets do the same thing over and over again..

all it does is move, pull back, move again.

why the fuck do you need 400 pages /4 books or 100 videos to explain that.
 
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