Do you really make Money Trading?

Today < 10.

Right size doesn't matter. If you can get consistent then you can scale up. So at the begining trade as small as you can ie. 1 contract.

Once you get consistent and you know the market like the back of your hand. Then you can size up.
 
Quote from Steve Tvardek:

The problem with you is, you arent patient enough. You think learning how to trade successfully is an overnight thing. I can tell you, it takes YEARS. You need to understand and accept the fact that probably 100's and 1000's of hours of your own time will have to go into it first. Like I've read before which i agree totally with, trading is simple HOWEVER the path to get there is very bumpy. You have to see what doesnt work to find out what does. Trial and error. Thats why I kept saying to STOP TRADING and just evaluate. No way to lose but you can get invaluable experience which builds your knowledge base.
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you're right with certain points, steve.
i should have listened to you from the first place and just stopped trading.
 
its gets frustrating to see someone, who is obviously in pain with trading, to keep going at it when you know its just going to end badly. Regroup, spend some time watching the mkt in realtime and try and find correlations. Baby steps.


Quote from Bullz n Bearz:

you're right with certain points, steve.
i should have listened to you from the first place and just stopped trading.
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To be honest. I recommend that you don't trade.

Unless you were born to do this and you can't do anything else. Then go for it.

But you really need to stop the whining. Winners don't whine, they suck it up, rebuild and go back at it.
 
Quote from 2006:

Winners don't whine, they suck it up, rebuild and go back at it.
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this is in every facet of life....at least the winners i know..I am not saying im a winner..im just a little guy trying to scrape it up...but i have seen many people fail over and over again and not once so much as lose sight of their goals or even show the least bit concern they will not eventually get there...some just seem possessed..this is great advice but unfortunately it isn't something that can be thought or taught...You either are or you are not...and even then these people continue to fail but their fire is beyond words...peace
 
Here's some free advice. Put these two guys on your "Buddy List" and follow them around.
Don't post, just read. They're not the only ones but they are the type of member that I would rate as 1 in 100.


Quote from optioncoach:

Imagine you were going to take up golf, wouldn't you put hours and hours and effort into learning how the gmae works and what skills are required and practice those skills and study different pros and go to the driving range week in and week out to find your style and swing and on and on...

YOu have shown no aptitude or desire to do any hard work whatsoever and assume that just because you open a trading account you EXPECT to make money. You have not even shown any effort to study why you lost money.

If laziness and lack of dsicipline is what you are convinced of it takes to succeed then you will forever be the market's ATM.

Trading is a skill that has to be studied, acquired, developed and practiced and even that you just might not be cut out for it. If you want something easy you are in the wrong business. You have not shown an inkling of possessing the right frame of mind or tools to even begin the task let alone succeed.

Your desire to look for a strategy that works shows your lack of understanding. All strategies work in the right hands. There are probably close to 30 different option strategies out there and all make money when used correctly. So stop looking for the quick fix to a problem that lies deep inside of you.

If you think I am off-based or do not know what I am talking about, you will do a very good job of proving my point even more.
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Quote from Steve Tvardek:

The problem with you is, you arent patient enough. You think learning how to trade successfully is an overnight thing. I can tell you, it takes YEARS. You need to understand and accept the fact that probably 100's and 1000's of hours of your own time will have to go into it first. Like I've read before which i agree totally with, trading is simple HOWEVER the path to get there is very bumpy. You have to see what doesnt work to find out what does. Trial and error. Thats why I kept saying to STOP TRADING and just evaluate. No way to lose but you can get invaluable experience which builds your knowledge base.
More...
 
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