I feel like giving up!

Unquestionably · Feb 9, 2011

Serious or not, I just don't want to see anyone end up like Jesse Livermore or Nicolas Darvas. You reap what you sow.

Why is it that men like those above do themselves away when they've lost their fortune (from) trading stocks, whereas industrial men like William C. Durant lost his billions trying to support the stock market during the great depression and yet went on to become the manager of a bowling alley till the end of his days?

TraderZz · Feb 9, 2011

You are doing a tremendous disservice to yourself with such negative thoughts. At this point I have a feeling you are waiting for someone to react to you.

Since some parts of your posts were serious I conclude you are still struggling to make this your full time gig.

You think you will trap someone perhaps, but you are really trapping yourself.

Unquestionably · Feb 9, 2011

Quote from TraderZz:

You are doing a tremendous disservice to yourself with such negative thoughts. At this point I have a feeling you are waiting for someone to react to you.

Since some parts of your posts were serious I conclude you are still struggling to make this your full time gig.

You think you will trap someone perhaps, but you are really trapping yourself.

Au contraire. I have learnt that you can't make this your full time gig. There's never been a man alive who's beaten the market.

Some were Kings of Wall Street for a day... But only for a day. They gave back everything they ever made.

Tis a sad state to find yourself in eventual old age with nothing to show for it b/c you didn't do nothing! Playing the market is not 'doing'. It is taking and online pick-pocketing!

TraderZz · Feb 9, 2011

Quote from Unquestionably:

Au contraire. I have learnt that you can't make this your full time gig. There's never been a man alive who's beaten the market.

Some were Kings of Wall Street for a day... But only for a day. They gave back everything they ever made.

Tis a sad state to find yourself in eventual old age with nothing to show for it b/c you didn't do nothing! Playing the market is not 'doing'. It is taking and online pick-pocketing!

Nobody is stopping you from earning money and giving it away.The only thing you take is that which you decide to take.

The only limitations you have are the ones you place on yourself.

This isn't about beating the market. It is about knowing yourself. In fact, that is first and foremost the aim of all human life - to know that which is infinite.

Cut the bullshit, drop the ego, happiness is around the corner.

deaddog · Feb 9, 2011

Quote from Unquestionably:

Not enough opportunities to trade. (wish the stock market went 3X faster).

Not enough liquidity. (you can't put down more than 100K into a trade w/o the manipulator noticing and making your life miserable or abandoning the manipulation altogether, leaving you holding the bag => I don't mean those stocks that go up maybe 5% in 6 months!).

What are you trading that can't handle 100K?

Unquestionably · Feb 9, 2011

Quote from deaddog:

What are you trading that can't handle 100K?

Lots of things. You'd be surpirsed at how many fast runners can't handle 100K until near the very top, at which point, you can put millions into the trade without unsettling the guys behind the run -- That is, if you're willing to tbuy near the top!

startraitor · Feb 9, 2011

So what was your last handle?

Quote from Unquestionably:

Serious or not, I just don't want to see anyone end up like Jesse Livermore or Nicolas Darvas. You reap what you sow.

Why is it that men like those above do themselves away when they've lost their fortune (from) trading stocks, whereas industrial men like William C. Durant lost his billions trying to support the stock market during the great depression and yet went on to become the manager of a bowling alley till the end of his days?

RCG Trader · Feb 10, 2011

Quote from Unquestionably:

Au contraire. I have learnt that you can't make this your full time gig. There's never been a man alive who's beaten the market.

Some were Kings of Wall Street for a day... But only for a day. They gave back everything they ever made.

Tis a sad state to find yourself in eventual old age with nothing to show for it b/c you didn't do nothing! Playing the market is not 'doing'. It is taking and online pick-pocketing!

Hmmm, I would disagree with that friend. There are many out there who know that being a tru market wizard is not something to be advertised. Envy comes before admiration. Remember that in case you break the code.

SnakeEYE · Feb 10, 2011

Quote from NoDoji:

Have you considered trading something that really moves and provides several intraday swings, like CL (oil), 6E (euro)?

I get about 15-20 trades out of CL daily and make a decent living trading mainly 1 contract.

AAPL's a nice mover, too, though a bit stuck lately; plenty of liquidity in that one.

agree.in any time and at any conditions you can perform miracles with 1 or 2 contracts(depending on the account size)

d08 · Feb 10, 2011

Quote from Unquestionably:

Dude, you have to looka t the big picture.

Someone takes a gun and ends his life b/c he lost a bunch of money in stocks. YOU could have been one of the many the trader lost his money to. Don't you think that whatever goes around eventually comes around?

To my knowledge, participatig in an action which leads another human being to commite suicide is far worse than Bill Gates accumulating his ill-gotten gains with Microsoft. At least the person on the other end got the buggy Windows 98 software to play around with.

If he lost most of his money, he was taking on too much risk. The reality is of course that since trading doesn't set any limits on who can do it, everyone thinks they are qualified. Imagine if being a rocket scientist would not require any degree or qualification, there would be quite a few catastrophes.