Any long term strugglers out there?

[Turveyd]

Thread is going off topic. But what is your total capital you're trading with? How long have you been at this? What is your long term stats? If you're only playing $500 and getting $10K, theres a good chance its not scalable. So if you put that $10K back in, you won't get $200K next year. Some strategies work because they fly under the radar. The size is so small its noise to the market. This is why retail investors (successful ones) often boast about their superior returns against hedge funds before fees, but thats because they are rolling with a small account and hedge funds have to manage billions where their market participation moves markets and gets attention of others who may try to bet against them. Totally different ball game here.

My reason for posting such is to persaud others into giving 1Min or whatever a go, rather than listening to the H4 moron's which do nothing but lose money and waste there lives.

I've been at it, very part time for years, taking it seriously the last year, I normally just mess around and invent methods for sport but times are hard need a 2nd wage so taking it seriously.

Scalable and 200K ?? don't care I can make a wage off it, get it to 20K and I'm happy

Totally different ball game, Hedge funds / banks all make $$$'s, they can only scoop up and divide between them what the losers give away, those being mostly retail traders, if a banks trading department lost money they wouldn't put millions / billions at risk.

Hedge funds don't play H4, they merely teach others to trade H4 and BS indicators so they'll lose.

 

[Turveyd]

^ This.

Its a skill based game in that you can do better moves and dumb moves, but it is casino none-the-less. It is not blind luck like lottery or jackpot, but requires a good amount of luck more than skill. And since trading stocks can be done at home over the internet, it is easily accessible compared to going to poker tourneys. Some people live large playing pro-poker driving ferraris and private jets and the whole deal. But very small number. Same with pure traders I suppose (ones that don't do middle man stuff or earn any kind of salary). Some can be successful but most probably fail.

BUT BUT BUT 1 issue there, there is no such thing as LUCK, Luck does not exist, if 1000 people throw 1000dices and count up all the double 6's then guess what, everyone lucky people and unlucky people will throw pretty much the same number of double 6's.

So therefore, Trading is 100% skill, if your leaving anything to random chance then it better be kept to a min.

 

[butterfacetrader]

BUT BUT BUT 1 issue there, there is no such thing as LUCK, Luck does not exist, if 1000 people throw 1000dices and count up all the double 6's then guess what, everyone lucky people and unlucky people will throw pretty much the same number of double 6's.

So therefore, Trading is 100% skill, if your leaving anything to random chance then it better be kept to a min.

Trading is skill + luck, stressing luck part. You're a complacent novice if you think your wins are all because of your 'skill'. Everybody knows its skill + luck, and more to do with luck. I don't care to argue this other than to state this once.

 

[Turveyd]

Trading is skill + luck, stressing luck part. You're a complacent novice if you think your wins are all because of your 'skill'. Everybody knows its skill + luck, and more to do with luck. I don't care to argue this other than to state this once.

You believe LUCK is REAL,LOL how quaint, there is NO SUCH THING AS LUCK!!

When a trade gets closed at a profit, it isn't good luck, there is a element of random chance but it's not luck, luck determines you can change your luck by thinking positively or some people have more luck than others.

When a Trade loses, it's not bad luck, it's a bad trade, or a trade which had bad RANDOM CHANCE, ie surpise news comes out, Russia nukes Ukraine or whatever, but the same event will likely make a lot of people a lot of money.,

The objective of a traders, is to remove as much RANDOM CHANCE as possible!!

 

[butterfacetrader]

You believe LUCK is REAL,LOL how quaint, there is NO SUCH THING AS LUCK!!

When a trade gets closed at a profit, it isn't good luck, there is a element of random chance but it's not luck, luck determines you can change your luck by thinking positively or some people have more luck than others.

When a Trade loses, it's not bad luck, it's a bad trade, or a trade which had bad RANDOM CHANCE, ie surpise news comes out, Russia nukes Ukraine or whatever, but the same event will likely make a lot of people a lot of money.,

The objective of a traders, is to remove as much RANDOM CHANCE as possible!!

You sound like countless others who are full of themselves and have more ego than intelligence here.

Its luck because the market moved in your favor. You have no control of the market. You can do all the backend work to scope out when to best enter a position, but after that its out of your hands. Knowing when to take profits is skill, but getting the profit in the first place is luck. The fact you want to argue any further shows you are full of yourself and have a lot of ego. Good luck to you.

 

[Turveyd]

You sound like countless others who are full of themselves and have more ego than intelligence here.

Its luck because the market moved in your favor. You have no control of the market. You can do all the backend work to scope out when to best enter a position, but after that its out of your hands. Knowing when to take profits is skill, but getting the profit in the first place is luck. The fact you want to argue any further shows you are full of yourself and have a lot of ego. Good luck to you.

Ofcourse, I have no control over where the market will go or what it will do, why do I need LUCK for that ?? totally illogical, see if you trade of an m1 chart you can go literally, market is going UP, jump on it, ride it for 10-20pips until the momentum stops exit and repeat infinitely, not great system needed, no luck needed.

Yes some stop right after I've gotten in and reverse on me, so I exit and look for another.

H4 and gunning for 200pips, you don't get live momentum to trade off, just wishy washy chart formations.

Until you forget this LUCK and start taking responsibility for your own actions, then you are never going to make it as a trader, simple as!

 

[Surprise]

ROFL

 

[Turveyd]

ROFL

No Surprise is it that you believe in LUCK!! LOL

Okay, you've crossed a road 1000nd's of times without being ran over most likely, is that luck or skill ? it's Skill, if you do get ran over you likely wasn't paying attention.

 

[Surprise]

Its a mixture between both ...
Anyway it depends on what you trade and how you trade , arbitrageur or a MT4 forex punter ? It depends .

 

[Turveyd]

Its a mixture between both ...
Anyway it depends on what you trade and how you trade , arbitrageur or a MT4 forex punter ? It depends .

I'm sorry, but anyone who thinks LUCK is a real thing, is simply not worth bothering with.

Yes you think the same about me, but google it, maybe you'll change your mind and learn something.