Todays trades. missed most of afternoon. up about 11 points nq.
AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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I didn't mean to "bring him down", my english can be too direct sometime, sorry.
The problem is: How much do you really want to be a decent trader, are you ready to keep your eyes 6-8 hours a day on charts for 3 freaking years?
I did it. (that's why my brain is damaged)
edit: oh btw, what do you think I'm doing at 4 amhere? Yup studying my trades and my charts...
sorry didn't hit enter but it sent twice anyway.
Please understand not attacking just describing what I see as the most likely course. Just like anek didn't go a way when he was successful I don't think all the failures should just melt away like they tend to. A lot of people on here don't want anyone to look at the consequences of trading just the end goal of being profitable. being goal oriented is all well and good, but you have to be realistic in the position you start from. If it's true 95% of traders fail I believe 95% of those 95% fail because they are just a bitch for the game. They aren't in a dominate position and therefore the market has it's way with them. I wish it were different and I could make it in this field from my inadequate position, but I have to admit I am not able to participate. Maybe other people like me are considering this that shouldn't.
Please understand not attacking just describing what I see as the most likely course. Just like anek didn't go a way when he was successful I don't think all the failures should just melt away like they tend to. A lot of people on here don't want anyone to look at the consequences of trading just the end goal of being profitable. being goal oriented is all well and good, but you have to be realistic in the position you start from. If it's true 95% of traders fail I believe 95% of those 95% fail because they are just a bitch for the game. They aren't in a dominate position and therefore the market has it's way with them. I wish it were different and I could make it in this field from my inadequate position, but I have to admit I am not able to participate. Maybe other people like me are considering this that shouldn't.
Just to set this straight...I started by borrowing $25,000 dollars and had it paid back in 12 months. I was lucky maybe to have paid it back so fast, but it can be done. I am pretty sure some of us on this board could teach a monkey to trade. Trading is about patience and getting over your own ego. I started with less then nothing...it can be done.
RED
\Quote from mark1:
I didn't mean to "bring him down", my english can be too direct sometime, sorry.
The problem is: How much do you really want to be a decent trader, are you ready to keep your eyes 6-8 hours a day on charts for 3 freaking years?
I did it. (that's why my brain is damaged)
Good job, I'm happy for you, seriously. There are 8 people other than me with just as much brain damage and no direction. Not blaming the market or it's participants. Maybe I will reach no one. Maybe this is something you have to experience to know what a doushbag you've been to get into this.
Don't give me that crap about dedication. I"ve spent all my time and I mean all (12-14 hours daily and weekends), I didn't have to work while I did this (a very understanding wife) and was trying to develope a career outside a field I couldn't persue anymore. I spent 12 years in school persuing that field before health issues wouldn't allow me to continue. I know a bout persistance and work ethic. I don't know a way to get around the possible loss of everything my wife and I have worked and sacrificed to build. If your not in a power position before you enter the markets, go home take a look in the mirror, get some balls, stuff your ego down, realize who you are and go get a job. I think that's the end. Can't get more plain or direct than that.
If you don't mind my asking -- that 4pt short at about 2113 was interesting, where did you have your stop?
Thanks.
99%. Sorry for your current state. It sounds like you have more to offer here than just negativity on trading. How about you tell us more about why you were not successful, What was your system, methodology, approach, etc. Was it a money management problem. Were you undercapitilized? Did you overtrade?. Did you have realistic expectations? Clarifying those areas may be more beneficial to novice traders than just general negativity. Just my 2c.
Trading is not for everyone, neither is being a pro golfer, but golf is not a bad game.
Best to you.
Don
Trading is not for everyone, neither is being a pro golfer, but golf is not a bad game.
Best to you.
Don
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