Some thoughts. If you haven't done so already, try reading the reviews and comments at tradingschools.org ; what you'll realize is that many traders don't become profitable due to the evidence of losing traders becoming scam sim and "educational" vendors. If you have low funds to trade, trading low float is extremely tough. Try a cheaper to trade instrument class such as forex or futures. You mentioned a stock that moved up 400%. You must have some strategy to profit take some of that move, whether it's based on prior range, some indicator etc. i.e. trading management. imo, most traders who have had any sort of consistent success only did so after a long time, at the minimum six months. The average is probably more like a few years. gl
Can't Make Money
- Thread starter GotherL
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You seem too emotional to be a trader, on top of that it seems you dont accept being wrong with ease, plus I sense a bit of intransigence as well, I would be run away as far as possible from trading, sorry, most honest non cocky adviceI can provide.
I just won't let anyone decide for me whether I should get offended or not by his advice. That's just absurd. I believe that should be my choice to make. From my perspective, it really wasn't bad advice (nothing I wasn't made aware of already.) but it was spoken so bluntly it got to the point it became more offensive in nature to me than advice given. Which was valid enough reason for me to get offended and self-defensive!
If that makes me an arrogant, egomaniac who can't take offense, can't take advice & can't admit to being wrong (as well as.... being a complete failure in the stock market) in yo guys opinion, then so be it!
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Pre market chat rooms dealing with low float , low price stocks must be a tough environment.
I dont know, but I bet micro cap energy plays were on a "long only" tear a while back as well
as the mico cap miners recently(now).
Why not try to coattail the bigger price/time insensitive money and possibly recognize trend in sectors and whet your beak in the correspomding micro cap space as long as trend persists?
I am making some assumptions here about how you are presently operating fom some past observations of these chat rooms.
I am an amateur as well so no attitude here.
I dont know, but I bet micro cap energy plays were on a "long only" tear a while back as well
as the mico cap miners recently(now).
Why not try to coattail the bigger price/time insensitive money and possibly recognize trend in sectors and whet your beak in the correspomding micro cap space as long as trend persists?
I am making some assumptions here about how you are presently operating fom some past observations of these chat rooms.
I am an amateur as well so no attitude here.
Stock market is zero-sum as most other capitalism tools are too.
It is well-known that roughly 90% of traders will eventually losing in the long run, as most other countries are the same.
It is similar to poker table and with tax+commission it is actually minus-sum game. Most frequent traders pay more collection (like in poker table) than casino poker players in his entire life.
One of best strategy is buy-and-hold long time (at least winning the portion of the tax+comm lifetime).
I am going to suggest an alternative strategy than being hunched over your computer for hours on end. I don't know where you live but have a look at your local businesses. Yes get on yer bike and go visit them at the industrial park or down the High street. It's easy to spot a busy looking company. Talk to the employees Again easy to spot the winners.
Buy & Hold isn't a strategy.
It's still gambling, but smarter.
Just as a note :
SPX's underperforming bonds since 2 years.
What is it you need to defend in front of a computer through a text-mostly interfacing web-forum with complete strangers though? If you want to take offense to what you may have misunderstood through reading a few sentences, that's your prerogative of course, and just a undisputable fact. However, do you really have the choice, or is it automatic? Would it be better if you could will yourself not to be hurt by others so easily, not to let someone move you in any direction other than you want yourself? I'm not saying this is easy, but like trading, not impossible either.
Words above in bold are your words, and such over-sensitivity will in turn escalate any situation you're in (putting words in other people's mouth). Be mindful that experts who have studied a field very intensely, may often respond very intensely, especially in their given field. So this you may meet in workplace, organizations and other places as well, and it will never stop unless you decide to have a very very boring life, but you're probably not that type if you're into trading.
I'm very new to this site, and the tone here can be demanding sometimes, often personal attacks, as one would expect on an internet forum. However, being "new" in this context means more about experience in the markets, which is what really counts even though many seems to rather want to focus on everything else other than what really counts for us: trading. What's also true, is that if one ignores the personal attacks and condescending tones, it's more likely that constructive discussion may resume.
But really, let's forget this personal stuff, IMHO it's not really crucial for your trading, and you may be right there. The above is just for you to read. Nobody else's business really, but many can learn from it though, as I also learn from such experiences.
For trading purposes:
I'm wondering, when you're wrong in the market, do you also become agitated, do you feel a need to justify your trade/position and/or do you sometimes revenge-trade (outside your plan)? In short: Can this heigthened sensitivity (which also can be put to good use when used calmly) affect how your trading "when in the heat of the moment"?
You don't have to answer if you don't want, and you may be offended if you like, but this is an honest question.
If you'd like to discuss technicals, I suggest you show us some of your trades (charts are nice), and ask questions about that. Of interest are entry-triggers/levels, exit-triggers/levels and position size in relationship to account.
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Why not do the same analysis for the last 5 years, 10 years, 15 years, and 30 years?
Look, I am not stupid enough to mistaken when someone is being rude & disrespectful okay? I know what I read & felt.
Enough of this talk. I am getting tired of replying to posts every time a random Joe makes the assumption I popped due to a misunderstanding.
His disposition was clear af to me....
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