Am I a Fool For Wanting To Be a Speculator?
- Thread starter zghorner
- Start date
example being that I was buying and selling cars as soon as I was 16 and had my dealers license when I was 18 years old to go to private vehicle auctions. I have done some type of buying and selling for a profit whether it be a vehicles or whatever most of my life.
the biggest difference is that I am really good at selling things and stocks or derivatives don’t give a shit how friendly or personable you are lol.
Trading in tickers is just as much a merchandising business as buying and selling cars...understand this and you will do well.
Cost basis reduction...
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Think like the MLB. You are a minor leaguer green in the ears thinking you are good enough to play in the MLB? Good luck with that. You are playing with professional MLB players with lots of experience and you are a rank amateur baseball player with little to no experience and expect to compete? Not even close Charlie. Try again in a couple of years assuming you put in the effort to be a better baseball player.
As i'm reading down your page, i get hung up on the instructional video'S? What instructional videos have you watched? Are they just about how to bring up charts or use your dome order entry system? I can'y go further until i get an answer. Details are important, so far your providing very little.
The statistics are not true. It is more like 100% of the traders will find succes if they follow some simple rules:
1. Go find something to support your lifestyle. You can only support your lifestyle with trading when you are consistent profitable.
2. To get consistent profitable you must develop a system that suits your personality.
3. There for your first job is really knowing who you are and if you have some trauma in your life that upsets you from the past and is not handled properly. Seek a therapist if this is so
4. When you know yourself, you can start developing a system.
5. First write down what your trading has to accomplish for you. Objective’s
5. A good system trades from the bigger picture, where you zoom in to control the risk you are going to take and where you have a risk ratio of 1 to 3 or more.
6. Learn about expectancy and money management to meet your objective’s.
7. If you are stuck, go find help. Thinking about it does not work.
1. Go find something to support your lifestyle. You can only support your lifestyle with trading when you are consistent profitable.
2. To get consistent profitable you must develop a system that suits your personality.
3. There for your first job is really knowing who you are and if you have some trauma in your life that upsets you from the past and is not handled properly. Seek a therapist if this is so
4. When you know yourself, you can start developing a system.
5. First write down what your trading has to accomplish for you. Objective’s
5. A good system trades from the bigger picture, where you zoom in to control the risk you are going to take and where you have a risk ratio of 1 to 3 or more.
6. Learn about expectancy and money management to meet your objective’s.
7. If you are stuck, go find help. Thinking about it does not work.
What are you talking about? They are nothing alike.
How do you make your call options look prettier than the other guys?
You, you my friend, you are funny. AA also works 100% if alcoholics follow 1 simple rule: don't drink.
Soeculation is a tough game - to succeed you have to get two things right: your individual trades have to be profitable and you have to make enough trades to make the endeavor worthwhile.
In any other “buying-selling” activity you really only have to worry about making enough trades as the profit part is generally inherent to the activity.
In any other “buying-selling” activity you really only have to worry about making enough trades as the profit part is generally inherent to the activity.