Grinding it out, day after day
- Thread starter lescor
- Start date
+1
Quote from lescor:
Some background: I have been trading full time for 8 years. Prior to that I was a firefighter and had a strong interest in the markets for several years. I didn't know what I was doing but the market's siren song kept me coming back. I basically lost all my disposable income for about a 7 year period as I kept funding accounts that would end up at zero. Eventually I just got pissed off enough that I decided I had to buckle down and figure this game out or enter a 12 step rehab program
I started reading Gary B. Smith when he wrote for thestreet.com and his approach just seemed to click uld see how trading could be boiled down to just pure numbers, and I really liked numbers and math. Prior to that I just followed hot tips, rumors and newsletter recommendations. But this new approach suddenly made sense of it all. I read every article he ever wrote and every book he recommended and took notes to reinforce it all. I cobbled together an actual trading plan, taught myself MS Excel to track it and crunch numbers and in a whole year of trading, I didn't lose any money! I didn't make anything, but I had a whole bunch of stats to review and a new understanding of how this game is played
Approximately 10 years of losing before making the break through using trading stats to eventual profits.