Daytrader lifestyle =boring

Quote from HATEtheRisk:

imagine,

you have only 1k$ for trading on a margin account and you must make 100$ a day to make the 2k$ a month for living.
Every amount over that 1k$ would be automicaly withdrawed.

Then it is a really daily fight for surviving, like any other job, where you work on your own.

Then it would not be boring anymore.

Maybe you try this.....:D :D :D
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My guess is you would be on the edge of your seat every single tick, lol
 
Quote from HATEtheRisk:

imagine,

you have only 1k$ for trading on a margin account and you must make 100$ a day to make the 2k$ a month for living.
Every amount over that 1k$ would be automicaly withdrawed.

Then it is a really daily fight for surviving, like any other job, where you work on your own.

Then it would not be boring anymore.

Maybe you try this.....:D :D :D
More...


That's sounds appealing


:)
 
Quote from cyoungmark:

My guess is you would be on the edge of your seat every single tick, lol
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You should always be that, tick by tick.
Or you have not risked enough !!!
:p
 
Quote from HATEtheRisk:

Actually, thats exactly how i do my business, just in bigger numbers.....

That keeps it fresh and challenging....
:p
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I have to ask: how do you feel about your trades that turn into losses? and how do you deal with them during , AND after.
I am sure you must have some losses. And if you are trading big, these must be big as well, no?
 
Boredom is such a perspective. For as capable as most people are they sure are lazy. Once I'm free, I will do whatever, whenever with whoever. I can think of 1,000 things I'd rather do with my time than work.

Work out, read, draw, eat at a new place, travel, play a game, make new friends, go chill outside, hang with friends, etc....

So many posts on this thread are dead on.

I work in medicine right now and I'm so tired of all the stress, BS, idiocy and politics. I can't imagine why anyone would choose this... Of course it depends on your line of work, but the corporate world is not for me. I've realized this and I've been in the work force for 2 years and luckily I'm only 24.

In order to win you have to learn how to play the game.

Quote from crua9:

The trading itself isn't boring to me but the lifestyle is. However, I'm kinda lucky as a 23 year old I'm in school so I have that.

Anyways, the biggest thing I think that sucks even more than how boring the lifestyle is how no one else around me has anything to do with the market besides their 401k.
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I'm astounded by this, the amount of ignorance out there is incredible.
 
Btw, I moved to Manhattan with under 8k in my brokerage account and fought to survive. One can't even day trade stocks with 8k! I ended up getting a loan and was fine.
 
Quote from BIDUbandit:

Leverage is a necessary evil in this environment
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IMHO, speculation is the mother of all evil, not leverage. Everything we do is leverage, from driving a car to riding a billion horsepower to the moon.
 
Quote from lg_cap:

I have to ask: how do you feel about your trades that turn into losses? and how do you deal with them during , AND after.
I am sure you must have some losses. And if you are trading big, these must be big as well, no?
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Yes, of course i have losses, every trader have losses !!!

And of course they are big in money, but they are small in % in the context to my trading capital and profit % and riskmanagment %.
Know what i mean ?

How i deal with my losses ?
I hate them !!! HATE, HATE, HATE !!!

I analyse them, what was wrong, and try to make it better and of course make my lost money back, ....step by step....!!!
Having a cool head and learning from my decisions.....

When i do everything correct, i dont make a loss....
But i am not a robot, and, therefore i also make losses...
Thats no problem, i have this accepted a long time ago....that it is a part of the business...only i you can accept your mistakes, you can learn from it, and go on to the next step/trade and make it better...

Thats the beautiful thing about this business, you can always start fresh and make it better, than before, with every new day, new week, new month, new year.....!!!!

Thats the beautiful thing !!!

Your mistakes will not hunt you forever !!!
 
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