Yes you can.
It is your choice.
You can fart in front of the mic in public place too.
Difference between newbie struggling trader vs successful trader
- Thread starter maxinger
- Start date
Yes you can.
It is your choice.
You can fart in front of the mic in public place too.
Have a trading plan. Actually, have multiple scenarios already planned out, Plan A, Plan B, Plan C, Plan D. So, whatever happens to your trade, you are prepared and ready to act! Discretionary trading for the most part results in bad decisions for the retail trader. They say think like a robot. You have to control your emotions and having a plan helps you think straight!
"Mediocre accuracy" In terms of what?
I better be accurate in: making markets, understanding current liquidity, visualizing skew movement, interpreting order flow, etc.
When you go long you're predicting the market will go up. To be more precise, you are predicting the probability of a rise is greater than a probability of a fall (let's assume we're not trading options, which obviously complicates things). You are not making a "point forecast" - that the price will definitely go up. If that was the case you would be committing all of your capital plus everything you could borrow to the trade, which I assume you are not.
GAT
%%
Good points on probability.There is a reason they call it weather forcasting, not weather predicting And while one does not have to use correct English to make money LOL. NO sense pretending an experienced trader would keep '''committing all your capital + everything you could borrow'' However that latter could work if one enjoyed blowing up up or blowing his brains out-dont try that @ home.
Yes; i know some said Bear Stearns /Long Term capital was to big to fail-they were not to big to fail.
Correct assumption,last sentence,because i am not.
Hello Themickey.
I agree. Trading methods and systems at a retail level can only ever follow and gauge the market action, but never predict. Current market conditions can, and do, change.
%% Exactly.
Not sure i would call it a game, but many do. I hate to call Dow Theory ,a theory that but i do LOL
. I did notice Blair Hull moved from blackjack to trading so cant really argue much on that. I never called any of my accounts LTG; Line to God . But if i sold my business to GS for >$500 million as he did ,that could be a ''game '' changer . NOT a prediction.a successful extracts income or profit or net profit from the `market``
a struggling newbie has net loss is in the red after all the `work``
the net profit`` is that all that matters.
leave the game or go to ``greener`pasture is there is no profit. that is capitalism
why people keep going to casinos and trading if the net profit is negative.
they win and lose but losses are more than wins so you are in lose.
as a `capitalist`you leave the business and stop investing. and EXIT the game.
capital or your time is worth something. why do something if you cannot support or make money doing it
like a true capitalist, you invest to make money!!! even gov`t invest to make money. believe it or not..increase TAX revenue when they invest in infrastructure or the investment by the state.
just stop trading and cut your losses if you cannot make money trading or cannot find any good investments worthy of your capital. that is capitalism people don`t have to invest or trade.
JUST SAY NO!
a struggling newbie has net loss is in the red after all the `work``
the net profit`` is that all that matters.
leave the game or go to ``greener`pasture is there is no profit. that is capitalism
why people keep going to casinos and trading if the net profit is negative.
they win and lose but losses are more than wins so you are in lose.
as a `capitalist`you leave the business and stop investing. and EXIT the game.
capital or your time is worth something. why do something if you cannot support or make money doing it
like a true capitalist, you invest to make money!!! even gov`t invest to make money. believe it or not..increase TAX revenue when they invest in infrastructure or the investment by the state.
just stop trading and cut your losses if you cannot make money trading or cannot find any good investments worthy of your capital. that is capitalism people don`t have to invest or trade.
JUST SAY NO!