Another one hangs it up

Burn out happens when an athlete comes to the stage in life where that environment (sports) is no longer as compelling as it used to be.

The best example I know of is Barry Sanders of the Detroit Lions.

A very fine gentleman and a great (Heisman trophy winner, certain to end up in the football hall of fame) athlete.

Check out his bio with google.

Steve
 
Quote from Broken dreams:

FuriousInvestor, my biggest failure was my inability to keep on finding systems to keep up with the market. Strategies don't last forever. If you have good methods right now, savor them, enjoy them, and don't take them for granted.
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Broken Dreams im sorry to hear your story.

However can you give an example of a system you
traded that no longer works.

There are many systems that are robust and work year
in year out and will continue to exploitable to the small
trader who doesnt incur much spliipage.

For example i noted that an entry that has been in countless
books (although Larry Williams reckoned he first discovered it in the 1970s), gave a signal yestereday. That system was if a
market gap opens above yesterdays high and moves down below yesterdays high go short (or long for the opposite signal).
If you had taken the signal you would have made 10 S&P pts
yesterday (15 pts if you had closed out at 4:15 instead of 4:00).

Systems like this which are based on Crowd Psycology will always
work if applied with strict discipline and money/risk managment.

System fitted to recent behaviour will not work going forward.

I guess this was your problem.
 
NihabaAshi, man, really, why are you so full of yourself? You love to spill your ego into like every thread that didn't ask for it. Is that ego there to compensate something?

So how long have you traded?

Have you succesfully been making money for ten plus years, and are you ready to retire and never ever have to worry about getting back into the work force?

Or are you still hacking it, chasing your dream by studying candlesticks?

If that doesn't work out, hey, maybe you can write online books about dojis and hammers and sell them. I wish you the best, but I'm about to look for an entry job.

This thread is a in career forum. Anyone can talk about how wonderfully rewarding this career is, but I'm giving a different perspective that's away from the bubble world. If a college kid wants to do this full-time, I think he deserves to see it from all possible angles to decide for himself. It's information that can benefit people.

It's a personal story, and it's just for open dialogue. I'm not selling anything like a prop firm marketer. Many reading this story are actually in the same position (you don't know how many pm's I've received), and some may be near the situation themselves. It only talks about my own experiences though, and I've been honest about everything. If it's so worthless, it wouldn't had reached 20,000 reads, and you wouldn't have bothered to read it. Nothing was directed at you. If you don't have the stomach to read any of it though, maybe it says a lot about your trading or personal fears. If the messenger talks about the giant elephant in the living room, shooting the messenger wouldn't remove that elephant.
 
Broken Dreams, I appreciate this thread and I'm sure many have too. It's a contribution that's rare, and it's great you were willing to share. We all want to believe in better things and in more apealing imaginations. But sometimes hearing it from another way helps balance our senses.
 
Well this thread sure was thought provoking about how we think to ourselves.

If I did not have an edge I would not trade.

Can anybody loan me a "back-up edge" so I can feel more confident? :)

Michael B.
 
Quote from NihabaAshi:



A few of them were darn good football players and were either captain of their football team or help lead the team to a state championship.

In fact, most star athletes I've ever met have also starred in other sports...

Tennis is no different.


Aside from the burnout thing (i am wrong, i guess football players do burnout. Its really not the image, but perhaps its a reality... (golf and tennis are obvious to anyone)

But we actually agree. My analogy was a little cloudy. What i'm saying is i've met tennis players (thats their main thing) be good at other sports. I've never met a football player (that is their main sport) be good at tennis (i'm sure they were good at something else...like running.). The point was I played HS Football, but I didn't go to college for football. A guy on my college team was the best kid in the 800 mm in Hawaii. He was also a nationally ranked junior in tennis. Which was he, track guy or tennis player? He was a tennis player, that happenend to be able to run (he went to college for tennis, not running).

Now how many other people on the track team can play tennis. 0. There are guys on our team that can actually make the swim team. How many swimmers can make the tennis team. 0.

The point about football players never being good at tennis, its what i've seen if football is their main sport (i guess that wasn't very clear in my last post. And to be honest, its just obvious without being ridiciulous about the argument (lineman...come on...) Just my experience.
More...
 
Broken Dream,

How can a dream be broken if it is not real? I believe in past lives, we must have f@uck up and won so many times that all the gods and demons can't keep count. Still journeying ahead... What's success? What's failure? If I die trying, who is to call me foolish? If I stop now, who is to call me a loser?

I am writing this after pulling an all nighter writing codes (unfortunately little for my own financial benefits) so I am not making sense.

Good luck man! In whatever you do. Thanks for your posts. I have to get diapers for my kid.

Regards,
William
 
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