Day Trading Is Back......Folks Leaving Steady Jobs

[Turveyd]

i keep telling my wife that she is blo@#dy lucky to have a job....

trading day or night is a business and 90% of all first generation businesses, fail in the first year.

this pertains to all businesses not only trading related.

there is something unique in trading and that is :there is no cost of entry or almost negligible cost of entry.you can start trading in forex for 5 usd.

that means, this is the most competitive of all businesses.

and make no mistake you are competing against people who are pros:what chance do you have winning against Tiger Woods in a pro golf tournament?

not much ....but you will never find out because they will not allow you because there is a qualification,a test conducted by the PGA tour, before you can compete against the pros.

There is no such test conducted in trading.

Yep trading against the best of the best of the best, you know there good, they get multi million $$$$ bonuses and drive Ferrari's, so there is no shame in losing.

Desperate times = desperate measures for myself and a lot of others, having the hope of living off trading, is better than no hope ever and aren't many jobs around unless you want a hateful min wage job atleast, changing OAP nappies bad!!

 

[padutrader]

Yep trading against the best of the best of the best, you know there good, they get multi million $$$$ bonuses and drive Ferrari's, so there is no shame in losing.

Desperate times = desperate measures for myself and a lot of others, having the hope of living off trading, is better than no hope ever and aren't many jobs around unless you want a hateful min wage job atleast, changing OAP nappies bad!!

till you start winning try to lose small and trade tiny...it takes a lot of education to trade well and it is far from free
but the rewards are fantastic...if you can do the work

 

[Turveyd]

till you start winning try to lose small and trade tiny...it takes a lot of education to trade well and it is far from free
but the rewards are fantastic...if you can do the work

I'm an old timer, mid automating SL side to keep losses in check.

Havent quit really very near mind, end of this month maybe

 

[Rickshaw Man]

Jobs report creates another gap up one the open. Im so tired of winning everyday.

 

[padutrader]

I'm an old timer, mid automating SL side to keep losses in check.

Havent quit really very near mind, end of this month maybe

have you been trading then?

stop losses restrict losses....but if they are hit too often then something is wrong with your strategy.

certain concepts are difficult to understand like channels for instance....took me 10 years to understand it and then my losses stopped

 

[padutrader]

Im so tired of winning everyday.

if you are new to trading you have to beware of this.....it gives you no incentive to learn the finer points

 

[Chewy]

..... aren't many jobs around unless you want a hateful min wage job atleast, changing OAP nappies bad!!

I never heard the words OAP or nappies. so I googled "changing OAP nappies"

wow that is a bad job. hahaha. my poor mother was subjected to that for 2 years dying in bed. horrible for her. incredible horrible for her. the pay scale for people who do that work is suppose to be very low. Our life is so much better than that. Today I am going to be grateful for my life right now. I hope I avoid the need for that help later in life.

 

[Turveyd]

have you been trading then?

stop losses restrict losses....but if they are hit too often then something is wrong with your strategy.

certain concepts are difficult to understand like channels for instance....took me 10 years to understand it and then my losses stopped

Around work hassles, about 25years, Stocks, Options, Futures, I make a bit, not a lot as required.

Going to be some false SL hits via method, but looking at 20% wrongly, worth it for the 80% that's right.

Channels, Range, Direction via a few Envelopes based on 18sma, easy!!

 

[Turveyd]

I never heard the words OAP or nappies. so I googled "changing OAP nappies"

wow that is a bad job. hahaha. my poor mother was subjected to that for 2 years dying in bed. horrible for her. incredible horrible for her. the pay scale for people who do that work is suppose to be very low. Our life is so much better than that. Today I am going to be grateful for my life right now. I hope I avoid the need for that help later in life.

When you become a burden to others then it's time to off yourself, live hard, die young and feed those worms.

 

[ironchef]

Jobs report creates another gap up one the open. Im so tired of winning everyday.

Have mercy, leave some bread crumbs for us mom and pop retails.