Almost everyone is lying. Because there's no such...

[padutrader]

dead trader is missing the point.....

everyone teaches THEIR profitable system....but can anyone trade someone else's system?

can i follow trainer's way of life whatever he does?

Others' systems will NOT work for others:they are not lying

 

[volpri]

Guys I really appreciate all your comments. When I said i have spent 2 years, I'm talking about full 2 years. Dreaming candles and sitting before my laptop for more than 15 hours a day and sleeping less with full of nightmares.

Even I can find a working one, i have nothing left to trade!

I really thank you all of you who's trying to help me and i see that all of you is really trying. I thought some people will tell me loser and etc but you did not. I really appreciate.

Today, I'm leaving everything behind. No more trading, no more stress or happiness. Just nothing. All these scammers costed my life. They sold me dreams. I have paid my hard earned money to them. They say that this is not financial advice, but this is what they do. Brokers are like angels comparing them.

At youtube, you can watch hundreds of videos. They claim that they have found a holy grail strategy. The holy grail is accepting the losing trades...

I hope you guys can make millions of dollars. I'm sure some of you will eventually make. Time is up for me.

May the peace be with you!

You reached your conclusions in two short years? Sounds like you bot systems and started trading them with real money right away and lost. Sure way to get busted. Any system you trade that was taught...or bot..gifted or one you yourself discovered you should first test over and over on a simulator. Over a period of time. If it won’t for you work on a sim it will not work for you with real money. Some people even backtest. In my style of trading I can’t. I have to forward test. I am a discretionary trader.

Once you see you can make it work on a sim then you test the waters with real money. That is where the psychological weaknesses...defects...will show up. Then you will have to learn to straighten all that out.

Back to sim as you work on that. Then test waters again. Over and over again. This way you are not throwing your money away to us ravenous traders here on Elite Trader while you learn. It takes time to learn trading and you can’t just let someone sell you an airplane then jump in the pilot’s seat and try to take off. You can watch pilots fly planes. You can study books on flying. Doesn’t mean you will be able to fly. You got to PRACTICE flying once you have the theory and knowledge down. You can watch football. You can watch every game a good quarterback plays. You can study football. Hundreds of plays and strategies. That, while perhaps necessary, doesn’t mean you can walk out on the field and start playing quarterback, or any other position. You gotta PRACTICE what you have learned. Even after you learn it and practice it and play it in real games you still have to go back to practice it again and again while you are getting ready and prepared for the next real game. You gotta keep yourself sharp. I know this may sound silly but rarely will I get up ..drink coffee..switch on the computer ..logon to my real money account..and start trading. I first logon to a sim and see if my brain and eyes can discern..read the markets..well enough to trade with profit for THAT day. That is, I practice my craft for a bit. Why should I just start throwing real money at it? Of course, I am a discretionary trader and even though the brain is a marvelous instrument but that does not mean it is always as sharp as it should be. It has to be tested each day. It doesn’t need to be tested with real money. Sim will work just fine. Once I swap over to my real account then I will very quickly be testing my psychological mettle for the day. If it is not working for me then best to shut down the computer and forget trading that day. Not all days are equal. Somedays it is like one can do nothing wrong. Other days it is like pulling teeth. The short sim practice and the first few real trades test my abilities for that particular day in the market environment for THAT day. Why throw money after something blindly. Preservation of capital is very important.

You may be broke having spent all on systems and trading but you can practice on a sim for a couple of years until you find your way and can zero in on what works best for you. It won’t cost you anything to sim but your time. In the meantime you start back over saving money and in a couple years build yourself a perhaps large enough supply of $$ to at least open another account and test out what you have practiced for sometime. I suspect many here have blown their accounts before and some multiple times before they became profitable. Being broke can go with this business! I have never blown my account and some of my tactics allow me to average down..a no no according to many traders and pundits.

To not pursue trading anymore is a personal decision but being broke is not a reason not to. One can always practice on a sim for a couple of years while building back their account for live trading.

Good luck

Gotta get to sim. The markets been open nearly 1.5 hours and I haven’t even tested my mettle out yet today before trading with money. But no problem as i usually find multiple trades through the day..

 

[padutrader]

I've seen plenty do it more quickly

you must have better eyesight than me

 

[padutrader]

I first logon to a sim and see if my brain and eyes can discern..read the markets..well enough to trade with profit for THAT day.

my GOD you are a genius
i used to wonder how to solve that problem in trading and in golf.

in golf too the first 3 holes were always not right but spent figuring out how you felt THAT day.

 

[ironchef]

Guys I really appreciate all your comments. When I said i have spent 2 years, I'm talking about full 2 years. Dreaming candles and sitting before my laptop for more than 15 hours a day and sleeping less with full of nightmares.

Even I can find a working one, i have nothing left to trade!

I really thank you all of you who's trying to help me and i see that all of you is really trying. I thought some people will tell me loser and etc but you did not. I really appreciate.

Today, I'm leaving everything behind. No more trading, no more stress or happiness. Just nothing. All these scammers costed my life. They sold me dreams. I have paid my hard earned money to them. They say that this is not financial advice, but this is what they do. Brokers are like angels comparing them.

At youtube, you can watch hundreds of videos. They claim that they have found a holy grail strategy. The holy grail is accepting the losing trades...

I hope you guys can make millions of dollars. I'm sure some of you will eventually make. Time is up for me.

May the peace be with you!

If you choose to continue, from one newbie to another, I have two humble suggestions:

1. Go longer time frame, trade less, less noise.

2. Step back, look at the forest instead of the tree.

 

[padutrader]

o not pursue trading anymore is a personal decision but being broke is not a reason not to

what a correct statement

technology has really changed the world for novices....i did not have the benefit of technolgy the first 10 years of my trading....

hell until the broker came out of the trading floor i would not know if i got my shares or not.

i will repeat YOU ARE A GENIUS

 

[jonahern]

you must have better eyesight than me

sorry-not worded well-plenty of the traders who I've seen reach profitablity did it more quickly than 2 years

 

[bloomberg1]

If you choose to continue, from one newbie to another, I have two humble suggestions:

1. Go longer time frame, trade less, less noise.

2. Step back, look at the forest instead of the tree.

again, what time frame, what forest ........ strategy nil, words many

 

[padutrader]

trade less,

if you want to learn, trade more not less.

if you do not want to lose money, if you love your money so much, trade sim.

actually, if you love your money, and not the challenge, you should not be in trading or pro anything...pro golf pro football etc

 

[padutrader]

sorry-not worded well-plenty of the traders who I've seen reach profitablity did it more quickly than 2 years

i understood what you wrote.

but i have not seen or even heard of anyone achieving profitability in less than 2 years.

and i have been around for 25 years.

I am not saying that what you say is not correct

only that it has not been my personal experience