Advice on how I should Raise Trading Capital?

Laissez Faire said:
What the hell did I just watch... :)
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Hello Laissez Faire,

You just watched a thick nice sweet assssss peach ass.

You just watched my girlfriend name Elisha, short for ES (the ES instrument everyone trying to master). I/We been chasing her sweet ass forever just hoping for a feel.

I called ES my girlfriend Elisha, cause sometimes she nice and sometimes she mean to me, but I can't let her go.

And neither can you!!
 
Businessman said:
Longevity provides little advantage in this business. Vast majority, like 99%, will not be able to trade the ES profitably even after 10 years, not enough to make a living at it anyway.
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This is true. Longevity can also cement incorrect thinking and behavior that eventually become permanent.

Everyone has just one opportunity to begin correctly. Almost no one does.
 
savoir said:
This is true. Longevity can also cement incorrect thinking and behavior that eventually become permanent.

Everyone has just one opportunity to begin correctly. Almost no one does.
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What i saw with one person who refused to give up full time trading after five years, was

1) Pride in the fact that we wasn't the kind of person who gave ever up.
2) If he just continues on he will eventually figure the trading game out.
3) Constantly thinking that he was almost about to turn profitable when he wasn't. Due to the odd short period when he was able pull off some profitable trades.

I tried to explain to him how hard trading was at the 5 year mark. But he didn't just didn't seem to get it. Probably thought i was being too negative. He had paid some mentor who had given him some system that never made him any money, even though he said the mentor was making money with it.

He eventually gave up after 10 years.

Thats how long it took him to wake up, that trading for a living is really hard and he wasn't going to make a living at it anytime soon.
 
NoahA said:
You have been here since 2004. What is your story? Profitable? Full time trading?
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The general idea here of being...Elite....means to match the S&P annual average,

Which is rather stupid and a failed concept considering how much time and devotion the typical, average, person devotes to watching and understanding this craft....when they could have just bought the S&P and do something else with their time and lives,
 
Businessman said:
What i saw with one person who refused to give up full time trading after five years, was

1) Pride in the fact that we wasn't the kind of person who gave ever up.
2) If he just continues on he will eventually figure the trading game out.
3) Constantly thinking that he was almost about to turn profitable when he wasn't. Due to the odd short period when he was able pull off some profitable trades.

I tried to explain to him how hard trading was at the 5 year mark. But he didn't just didn't seem to get it. Probably thought i was being too negative. He had paid some mentor who had given him some system that never made him any money, even though he said the mentor was making money with it.

He eventually gave up after 10 years.

Thats how long it took him to wake up, that trading for a living is really hard and he wasn't going to make a living at it anytime soon.
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He gave it a shot and couldn’t figure it out and moved on. Seems reasonable.

Trading futures is just a game. It’s not that important. People want to make it out to be more than it is. Therein lies their struggle.
 
KGTrader4 said:
Zghorner, you’ve gotten some good advice here, and some shitty advice too. I’m not an experienced trader, but I’m experienced in life.
DO NOT BORROW MONEY TO TRADE. FULL STOP.

You have a family. You are 37 years old and haven’t worked in 4 years. You’re wife must be a saint.
Get a job. That’s how you find additional trading. I know it sucks. That’s life.

there’s a guy I follow on FInTwit and have actually interacted with, who’s a smart guy, and a good guy. He’s a good trader, I think, he has 45,000 followers. Very forthcoming with info. And for $10 a month I am one of his “superfollowers” which gives me access to some of his thoughts that he doesn’t tweet publicly. But that’s not the point, it’s just context.

the guy is very immersed in trading. But he’s got a family too so he has a full time job. He put out a video, you should watch it. Seriously, if you had a job, but we’re still able to trade, you’d have the best of all worlds and you wouldn’t have to let go of the dream of being a full time trader.


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Jesus Christ that guy is a bigger crook than Ross Cameron,Teo Raynor,Ricky Guiterrez,etc! I wouldn't pay him a fucking dime. Has he ever revealed how much he made/lost in 2022? 2021? 2020? Seems he idolizes and is trying to imitate Cameron,et al marketing schemes. He's probably lost a fortune trading but he dont give a shit because he has a high-paying day job to top up his trading account after the losses,, and a few hundred(or thousand) idiots paying him 10.00/month. What a joke.
 
Businessman said:
What i saw with one person who refused to give up full time trading after five years, was

1) Pride in the fact that we wasn't the kind of person who gave ever up.
2) If he just continues on he will eventually figure the trading game out.
3) Constantly thinking that he was almost about to turn profitable when he wasn't. Due to the odd short period when he was able pull off some profitable trades.

I tried to explain to him how hard trading was at the 5 year mark. But he didn't just didn't seem to get it. Probably thought i was being too negative. He had paid some mentor who had given him some system that never made him any money, even though he said the mentor was making money with it.

He eventually gave up after 10 years.

Thats how long it took him to wake up, that trading for a living is really hard and he wasn't going to make a living at it anytime soon.
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Well, if you made no progress at all after 5 years or even 10 years, of course it wouldn't be the best life choice to continue.

Let's say it takes the average person 10 years to become a good doctor/engineer/whatever. And that's with a clear path laid out for you with a clear curriculum to study and learn and with peers/mentors to learn from.

As an amateur retail trader you're all alone in a jungle where people are looking to exploit you and pull you in all different kind of directions. How on earth could anyone expect to get anywhere on his own quickly without a very substantial effort wading through a lot of BS on the way?

That's why I maintain that 10 years is a good approximation for a retail amateur to even have a chance at this game, but certainly with no guarantees.

Knowing this in advance it's probably silly to even try? Most people seem to overestimate themselves though and think they will figure this stuff out quickly. But the years go by, they lose a lot of money and ain't really going anywhere.
 
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