I am done with trading.

[yepso]

Quote from caementarius:

Whoa, what's the deal with mining truck drivers?.

LOL, well maybe a stretch but you've seen those 320 ton trucks that come up out of the pits, I couldn't do that.

 

[BPtrader]

Quote from yepso:

LOL, well maybe a stretch but you've seen those 320 ton trucks that come up out of the pits, I couldn't do that.

talking about truck and pit, you should see this pit, it takes 90 minutes for a truck to come out of it.

http://www.flickr.com/photos/gahsoon/198968563/

 

[yepso]

Quote from BPtrader:

talking about truck and pit, you should see this pit, it takes 90 minutes for a truck to come out of it.

http://www.flickr.com/photos/gahsoon/198968563/

That's insane, seriously that's scary.

 

[Bootsie]

Quote from No.Heat:

You should quit immediately.

There is no reason for trading unless you got some sort of edge and impeccable discipline.

Clearly you are missing one of the two, if not both.

There is a reason why most traders lose, they are not easy to achieve.

No Heat

Discipline is an edge, it's the easiest edge to apply. But it's the hardest fight to win.

 

[Shagi]

Quote from Bootsie:

Discipline is an edge, it's the easiest edge to apply. But it's the hardest fight to win.

well done - i know who has been in the trenches but then most will wonder what you are talking about

 

[Shagi]

Quote from bone:

I have never seen a trader in seventeen years who added to a losing position as a strategy and wasn't overtaken by risk of ruin.

Now, if a trader can manage to add to winners and scale out of his profits, then he becomes very wealthy.

You are wrong - its OK to add to losing position e.g if plan my final position size to be say 6 contracts - i can start by buying just one or two but with a very wide stop - if the the next day price goes down against me i can buy two more and if goes down again the next day i can buy two more at a lower price and reduce the overall cost of the position. Once im loaded i will exit either with small loss at a certain point. Each time i buy lower i reduce the stop cost - its quite an effective strategy contrary to common beliefs

 

[billyjoerob]

Quote from Shagi:

You are wrong - its OK to add to losing position e.g if plan my final position size to be say 6 contracts - i can start by buying just one or two but with a very wide stop - if the the next day price goes down against me i can buy two more and if goes down again the next day i can buy two more at a lower price and reduce the overall cost of the position. Once im loaded i will exit either with small loss at a certain point. Each time i buy lower i reduce the stop cost - its quite an effective strategy contrary to common beliefs

No this is common beliefs. "Reduce the overall cost of the position" - right but you're paying money to do it, and by buying lower and lower you're losing more. If somebody came to me and said "Pay me $100 and I'll reduce your cost basis by $50" that would be a lousy deal.

 

[stock777]

martingale.

same shit.

with enough capital and something with a little bounce in it, almost any trade can be made profitable.

unless you start buying LEH or CMGI at a bad time.

then you're sodomized.