It sucks to know that you would be 2K-3K more profitable if it wasn't for those @%&*@ ticket charges. I do about 200K sh/month and pay about $4000 for it. For someone not doing any real size I feel I do very well, about $6000G/mo and deserve more of the proceeds. Tell me, is my broker being greedy ? I am beginning to think that he's on the broker side of the business because his greed was too much to handle as a trader.
Giving up
- Thread starter Sucker
- Start date
"But I love this game too much so I borrowed another 10,000 grand and my equity is past where I began"...
10,000 grand... wow, I could use a cool $10 million as well. Who's your lender??
Can you get them to wire another 10 mil to:
www.party-on-with-green-dog.com
Thanks,
dog
10,000 grand... wow, I could use a cool $10 million as well. Who's your lender??
Can you get them to wire another 10 mil to:
www.party-on-with-green-dog.com
Thanks,
dog
The abiilty to succeed at trading, assuming you have the passion for it, boils to down to the 3C's:
Confidence
Capital
(Financial) Cushion
If ANY of these are missing, the whole game changes, and trading becomes a much more difficult endeavor. (Especially if you have responsibilities to other things, ie. Mtg, Wife, Child, etc)
Trading is one thing, where trying too hard, is often a recipe for disaster.
Good luck to you, whatever path you choose.
Confidence
Capital
(Financial) Cushion
If ANY of these are missing, the whole game changes, and trading becomes a much more difficult endeavor. (Especially if you have responsibilities to other things, ie. Mtg, Wife, Child, etc)
Trading is one thing, where trying too hard, is often a recipe for disaster.
Good luck to you, whatever path you choose.
Quote from the caracal:
The abiilty to succeed at trading, assuming you have the passion for it, boils to down to the 3C's:
Confidence
Capital
(Financial) Cushion
If ANY of these are missing, the whole game changes, and trading becomes a much more difficult endeavor. (Especially if you have responsibilities to other things, ie. Mtg, Wife, Child, etc)
Trading is one thing, where trying too hard, is often a recipe for disaster
AMENNNNNNN
The abiilty to succeed at trading, assuming you have the passion for it, boils to down to the 3C's:
Confidence
Capital
(Financial) Cushion
If ANY of these are missing, the whole game changes, and trading becomes a much more difficult endeavor. (Especially if you have responsibilities to other things, ie. Mtg, Wife, Child, etc)
Trading is one thing, where trying too hard, is often a recipe for disaster
AMENNNNNNN
Quote from candletrader:
That sums it up nicely... no edge => no long run success in trading
I have heard this a lot of times and I myself tried to find an edge on sample sizes. Yet that remains a vague concept to me because I cannot see the usefulness of an "edge" without the proper execution. And proper execution cannot be learnt intellectually, it is an existential experience.
I see your point. I don't think that there is manipulation in the markets. However I do believe that there are deep pocket guys who as a result are not subject to the mental pressure most traders are.
I indeed caught myself sometimes liquidating a position and suddenly the hunch that the market was about to reverse came to my mind because I was doing exactly what those big guys wanted me to. I could just "feel" they were taking the other side more than willingly and with great pleasure.
P.S.: I could not help myself and I have to say it: you deep pocket guys are real bastards! (Please do not take this as an offense.)
Even the great Jesse Livermore has suffered the ruin. The problem is to be to analyse why. Perharps as most people who lost you were undercapitalised or trades over your financial capacity : you are vulnerable emotionally in that case.
I think that novices are overconfident when they begin. They heard that's it's just a question of emotions. it's a question of risk control, emotion is a consequence rather than a cause: if you don't know how to control risk, in fact if you take a trade without asking yourself how much you can risk on this trade, then emotion has nothing to do with it.
I think that novices are overconfident when they begin. They heard that's it's just a question of emotions. it's a question of risk control, emotion is a consequence rather than a cause: if you don't know how to control risk, in fact if you take a trade without asking yourself how much you can risk on this trade, then emotion has nothing to do with it.
Quote from Sucker:
I am thinking about giving up trading. After almost two years in the business I just couldn't make a single decent trade. I start to wonder I am not cut out for this. Just can't control my emotions. I see the oportunities but just can't seize them.
I also think it's just a matter of time and if I would persevere I would fit into the flow and rhythm of the game in the long run. But the problem is: where am I going to get the money to? I just don't have it. My initial stakes were borrowed and they're all gone...
Poor me.