Day traders pls quit while you can

I love the " this year was my best trading year ever" talk..
How about your average for the past 5 years. You could of made more money working at Walmart opposed to chasing some gambling addiction. Day trading is gambling..
Oh yeah, I forgot, had you only followed your discipline, you would not of taken that big loss.
How bout this, you just need to adjust your trading style because the market is always changing..
This is my favorite.. " it's not an addiction, it's a passion..I just love the market and I just know I can make it".
" gambling is different, I am being methodical and using charts" ..
" I view trading as a business and take the emotion out of it" yeah right..,,, tell me some more bs.
 
Aren't you a construction worker??

Quote from NY_HOOD:

I love the " this year was my best trading year ever" talk..
How about your average for the past 5 years. You could of made more money working at Walmart opposed to chasing some gambling addiction. Day trading is gambling..
Oh yeah, I forgot, had you only followed your discipline, you would not of taken that big loss.
How bout this, you just need to adjust your trading style because the market is always changing..
This is my favorite.. " it's not an addiction, it's a passion..I just love the market and I just know I can make it".
" gambling is different, I am being methodical and using charts" ..
" I view trading as a business and take the emotion out of it" yeah right..,,, tell me some more bs.
More...
 
Quote from NY_HOOD:

I love the " this year was my best trading year ever" talk..
How about your average for the past 5 years. You could of made more money working at Walmart opposed to chasing some gambling addiction. Day trading is gambling..
Oh yeah, I forgot, had you only followed your discipline, you would not of taken that big loss.
How bout this, you just need to adjust your trading style because the market is always changing..
This is my favorite.. " it's not an addiction, it's a passion..I just love the market and I just know I can make it".
" gambling is different, I am being methodical and using charts" ..
" I view trading as a business and take the emotion out of it" yeah right..,,, tell me some more bs.
More...

Poor Hood. Failed trader, eh? Can I remind you about something you said 5 years ago?

Quote from NY_HOOD:


with trading,if a trade is going the wrong way i jump out with very minimal damage. poker,you can fold but your money is gone.i think trading is much more predictable, i trade catalysts so i usually have a good feel as to which way the momentum is.
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So what happened Hood?
 
i can sing 100 times better than little wayne...probably you too..i'm failed singer..singing is BS!!!! 99% of singers just lose!
 
Quote from Bob111:

i can sing 100 times better than little wayne...probably you too..i'm failed singer..singing is BS!!!! 99% of singers just lose!
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Maybe, but anybody who sais I can't do it so therefore it must be gambling is just a loser in my opinion. He gave up, and used the gambling argument to rationalize his defficiencies.
 
Quote from bhardy307:

Poor Hood. Failed trader, eh? Can I remind you about something you said 5 years ago?



So what happened Hood?
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I remember that too, he was the starter of the ADX thread here a few years ago.

Something bad happened, so I would ask restraint. Please do not pile on.
 
Quote from RCG Trader:

Please do not pile on.
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Understood. I'll back off. Sorry.

Trouble is however, that these same individuals tend to go on the attack as we new traders struggle through the process.
 
Quote from bhardy307:

Understood. I'll back off. Sorry.

Trouble is however, that these same individuals tend to go on the attack as we new traders struggle through the process.
More...

Hood has never piled on. I have been here a long time and he has never said a cross word to anyone.

As a new trader, I, an old trader will give you some direction.

Start at fx.

Open an account with oanda.

Fund it with whatever you are comfortable with losing.

Learn price action.

Trade accordingly.

I do not answer pm's regularly. I see that NoDoji is a motivated teacher, so you can try her.

Don't waste a lot of time on indicators. A lot of newbies do that. I did.

Try to learn what price is telling you. Then find reference points to attach that to so you have a map. ACD is good for that.

Hope this helps.
 
Quote from RCG Trader:

Hood has never piled on. I have been here a long time and he has never said a cross word to anyone.

As a new trader, I, an old trader will give you some direction.

Start at fx.

Open an account with oanda.

Fund it with whatever you are comfortable with losing.

Learn price action.

Trade accordingly.

I do not answer pm's regularly. I see that NoDoji is a motivated teacher, so you can try her.

Don't waste a lot of time on indicators. A lot of newbies do that. I did.

Try to learn what price is telling you. Then find reference points to attach that to so you have a map. ACD is good for that.

Hope this helps.
More...

Thanks for the tips. I have been suspicious of indicators for some time now. I no longer use them for my entries and exits. Trying to learn price action. Struggling.

Working with FXCM right now. Happy with them as a starting point.
 
start at fx..yep...why fx? go brave and start with options..nah..start with options on futures!

---Fund it with whatever you are comfortable with losing.---

do it once and lose it all..stop..learn(or think\pretend that you learn something)then lose it all again..then over and over again! :p

s**t..this place is full of knowledge! and everyone making 400K a day every day!
 
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