I take as many trades as fit my rules. Typically 3-4 but as many as 10 some days. I haven't been profitable consistently and commisions are adding up (Suretrader). Likely will scale back and adjust stategy. My best day was 12%, my worst was 7% but I have had several -4% days recently. Been a slow bleed
DAY TRADERS
- Thread starter Ruben R
- Start date
Money will set you free. You can work your ass off like digging ditches and tomorrow you be back at digging ditches, now unless you a ditch digging fool, if you keep thinking work will set you free, you are not digging smart. Just cause I can dig a ditch, doesn't mean I want to be next to all the others in that ditch, I rather get licensed to be a Contractor to dig ditches, then bid on jobs to be the best Ditch Contractor around and walk away with pocket full of big bills than being in that ditch with one's and fives.
Work Smart and not Work long and dumb.
Most will dig their own grave, without even knowing they are doing it.
Yes, working for someone else is really a fools game, but unless you are born into money, most will have to work hard at some stage to accumulate.
Accumulating is very hard if you get sucked into the having to have, marry a woman who spends money as if it is going out of fashion, and start socializing with fools who do nothing but drink and drugs.
Unfortunately, for most, common sense does not arrive until at least 40, even later for some.
I will admit, I ticked a lot of those boxes in the past, even a few in the not too distant past, but I had the sense to cop on and get back on track, before I had blown all of my money on fools and idiots.
Trading is the best way to see how well you can cope with everyday problems, as, it is a reflection of your current way of thinking, and thus how you act.
If you can win every day, you are there, if not, then you still have some major issues in your family or social life.
You can not have one without the other.
J_S
that's probably the best way to dig it
free from what?
From drinking TJ Swan wine at $1.99 bottle to something in the box from Northern California, LOL
I like to have goals, I even have different goals for emini and stocks. I have an easily attainable goal so that I can stop trading happily at any time, I also have a maximum profit goal and will force myself to stop trading when it reaches. With these goals I'm a happier trader and less likely to over trade.
Its all in your head and no where else.