amateurs have no chance

[fordewind]

That Nitro disappeared from here... but he was no dummy. Far from it as I saw things. They both make good points. Thats why I quasi-resurrected the thread. It applies to this thread.

Dozu makes great points here... its all a game of numbers really. But its also a game of musical chairs. And the so called "big money" is NOT on the same team. Thats important to remember. The games work great... until they don't. When the music stops.... no one wants to be holding the bag.

Good read for the week ahead: https://www.investing.com/analysis/week-ahead-200400500

I`ll tell you next week what it is.

 

[CSEtrader]

padu said elsewhere he been trading for a quater of century and never made a dime....that`s a tough one.how strong the ego can be is amazing!

Or how family maybe wealthy to support this way.
Sometimes it is not ego, as I recall when I was catapulted in this game, with a still large capital from our first success - you feel you are not yet ready, you leave it, you travel. As Padu said - he was playing golf for the last six months, recharging.
His persistence is really amazing, his attitude is priceless and hopefully one day will be example for those who born on wealthy side - too many people with large capital failing because of huge ego and laziness, but instead of study and treat own failures with sense of humor, as Padu do, they are blaming trading, traders. I meet too many of them - they hate us, they afraid of us and wishing to fail with all their being. ( the justice of universe - they parking their money at hedge funds and before or later we are taking it, lol)
So Padu is a real gem and a gift to be in touch.

 

[destriero]

CSE, what success?

Your husband sold a small engineering firm (coal mining) and you proceeded to donate all of it, including your home, to the sell side. Please stop.

 

[ironchef]

padu said elsewhere he been trading for a quater of century and never made a dime....that`s a tough one.how strong the ego can be is amazing!

Anyone here who admitted to not make a dime in 25+ yrs of trading has no ego. My hat off to Padu.

 

[ironchef]

anyway, the way the pros did it was brilliant... from Jan to March almost a straight rise, very few opportunities to give amateur speculators to breath and think thru and get back on the train.... this makes sense and how a hard shake should be done... beat it down hard, get rid of the short term guys, collect the chip and get up here quick.

This is where us amateur retails have the advantage: We amateur swing traders piled-in in December, but are too dumbed and too slowed to being shaken out. Worst case, my swing trades will be my long term buy and hold, no need to sell at the bottom, like the pros who have to show quarterly profit or their OPM will dump them.

 

[iccenuol]

Anyone here who admitted to not make a dime in 25+ yrs of trading has no ego. My hat off to Padu.

Hey! Mr. Money!

Can the markets be just an interest? You know, like golf, pool, bowling...whatever?

How much does it cost to play golf every month, with no return?

Are amatuer golfers idiots?

"The world according to you"...great name for a book.

 

[ironchef]

by the way, even though amateurs like to say 'the trend is your friend', most of them are counter trend traders... they like to pick up beaten down garbage (looking how long they are in gold and bitcoin), and short against risers like the sp500.... it's understandable... egos at work, because trend follow makes you feel stupid on the entry, and you have to wait for the exit to feel smart lol.... while counter trend trades make you feel smart at the entry (hey that thing was $100 yesterday, look how I picked it up at $90), even though days later he'd feel quite stupid lol.

Because we are been brainwashed by the pros.

All the big name billionaires investors/traders told us that we should not go with the herd, we should only buy when there was blood in the street, that be greedy when others are fearful, be fearful when others are greedy.....

 

[ironchef]

Hey! Mr. Money!

Can the markets be just an interest? You know, like golf, pool, bowling...whatever?

How much does it cost to play golf every month, with no return?

Are amatuer golfers idiots?

"The world according to you"...great name for a book.

Good question for Mr. Padu. You should ask him or PM him directly.

 

[Overnight]

This is where us amateur retails have the advantage: We amateur swing traders piled-in in December, but are too dumbed and too ...lowed to being shaken out...

Hope it works out for you. I got FUCKED in Feb 2018 and Oct 2018. If you really did pile in around the New Year, GTFO now. It would seem prudent.

 

[ironchef]

Hope it works out for you. I got FUCKED in Feb 2018 and Oct 2018. If you really did pile in around the New Year, GTFO now. It would seem prudent.

Not really, just saying in jest to trip up the pros. Cann't let them have all the funs.

Read my posts last ~Mar 18 and ~Oct 18: Killed by the pros both times. Fortunately too dumb to get out in Oct, but instead added to positions in Dec 18, averaged down.

You are right, time to get off the merry go round.

I am still learning to be a trader. Studying butterfly, spreads, diagonals... intensely to see if I can trade non directional and not be killed in the upcoming bear market.

Gook luck and best wishes to you.