Completely New To Day Trading and Would Love Some Honest Advice

[ironchef]

What the hell has happened to you?

You're telling padu to wallow in failure instead of taking pride and confidence from his success through persistence, discipline, and desire to succeed? I say good on padu!! Damn, Colonel Sanders was turned down 1009 times before his first handshake agreement for his chicken and concept.

As for the rest of your post, define consistent.

A trader who averages $50/day is consistent!! Furthermore, that $50 may be "crushing it" to that trader. An average of $1000/month can affect way of life... Get out of your hive! Does it mean the trader has "mastery" of the market? No. Does it mean the trader doesn't have losing days? No.

What it does mean is the trader has mastery of the methods and strategies the trader has chosen to use. Does it mean the traders toolbelt is empty? Only the trader knows. I'm always learning something. Sometimes it goes into the toolbelt, sometimes saved for reference but not in the toolbelt(yet?), other times completely discarded.

Lately, ET has turned into the preeminent "how to fail and stay failed" www destination... Only success needs to be vetted

Go easy on @Laissez Faire, he was trying to be helpful to @padutrader.

As I said in my post, instead of trying to be helpful, I now just simply sit back and enjoy reading @padutrader's posts because he doesn't need or want any help. However, I do appreciate some of his helpful suggestions.

 

[Laissez Faire]

What the hell has happened to you?

You're telling padu to wallow in failure instead of taking pride and confidence from his success through persistence, discipline, and desire to succeed?

LOL. And what the hell happened to you? I mean LOL literally, as I'm laughing here.

I simply said the sample size of completing a 5/15 day Combine is way too small a sample size to infer anything meaningful. That's statistics 101 and nothing personal against anyone. If anyone's offended by facts, toughen up is my advice.

I never told anyone to wallow in failure. LOL. But for many it would be better to get some realism into their head as it could save them from greater pains and disappointment later on. Staying humble is also not a bad idea as the market tends to humble those who get grandiose ideas.

I maintain that the advice I gave in this thread is the best advice that was posted here.

 

[padutrader]

And that's not easy.

that is why it took me 20 years

i am not a newbie.

something major changed in my trading and what was that?

understanding second entries and using only those.

once i did that i also understood when i can use the first entry.

 

[padutrader]

Damn, Colonel Sanders was turned down 1009 times before his first handshake agreement for his chicken and concept.

I AGREE


Calvin Coolidge once said, “Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent” 123.

In other words, there is no substitute for persistence. It is the key to success in any field, and it can help you overcome any obstacle that comes your way. So, if you’re feeling discouraged or overwhelmed, remember that persistence and determination can help you achieve your goals.

I hope this helps!

IT CERTAINLY HELPED ME 20 YEARS OF FAILURE

 

[padutrader]

I maintain that the advice I gave in this thread is the best advice that was posted here.

I MAINTAIN my success is not taking good advice and thinking out of the box

watch me fly and markets burn

 

[padutrader]

because he doesn't need or want any help.

wrong
i have all the help i need.

from a genius and trailblazer.

from some one who sees what everyone sees and comes to a different perspective that simplifies.

Someone who dissects the market with surgical precision.

that some who is called Dr Al Brooks.

 

[padutrader]

And I wish you much success.

my idea of success is making 300-500 usd a day.....

my income at present is 700 usd a month.

so you can say i am a failure even if i make 1000 usd a day.....

but i say i am where i wanted to go and that i have reached my destination

 

[ironchef]

wrong
i have all the help i need.

from a genius and trailblazer.

from some one who sees what everyone sees and comes to a different perspective that simplifies.

Someone who dissects the market with surgical precision.

that some who is called Dr Al Brooks.

I was right. You have Al Brooks, you don't need or want help from the posters on ET.