the idea that you can imitate anyone elses strategy completely is false. i've learned alot on ET.. most of the insights i've gotton on ET were helpful.. usually its all my own undoing of it that causes me to lose money... if someone tells me five times not to try to nickel and dime at the mid.. i'll still do it until i get sick and tired of being sick and tired.. i'm such a skeptic i stick to thinking most people are gamblers telling you only the story that makes them feel good to tell..
It hurts to lose money. in and out of the stock market.. if you don't embrace your mistakes your bound to fail.. as they say the road to success if paved with mistakes.. if you become your mistakes and find yourself in them you will project failure out into the future and it will become reality.
. its perceived to be different in trading as oppose to outside markets in certain respects.. you can tell yourself that the loss on the trade is a cost of doing business and that over time your edge will be profitable.. just as in regular business you can think that your edge will make up for excessive unexpected costs or changes in earnings.. Generally i find people think trading is more risky than any other business.. meanwhile those same people in their sixties retire start a candle making business or ice cream shop and lose ten fold what a very conservative trade loses on bad years.. its not any different in this respect you can lose any amount of money in or out of the market.. usually you hear "the market is risky" from people would it really is risky for..
It hurts to lose money. in and out of the stock market.. if you don't embrace your mistakes your bound to fail.. as they say the road to success if paved with mistakes.. if you become your mistakes and find yourself in them you will project failure out into the future and it will become reality.
. its perceived to be different in trading as oppose to outside markets in certain respects.. you can tell yourself that the loss on the trade is a cost of doing business and that over time your edge will be profitable.. just as in regular business you can think that your edge will make up for excessive unexpected costs or changes in earnings.. Generally i find people think trading is more risky than any other business.. meanwhile those same people in their sixties retire start a candle making business or ice cream shop and lose ten fold what a very conservative trade loses on bad years.. its not any different in this respect you can lose any amount of money in or out of the market.. usually you hear "the market is risky" from people would it really is risky for..