I'm out

Second that, it does not only take effort and years of learning and work and pain but also a very specific DNA makeup and that is just not in most. No matter the work put in or financial backing without certain psychological properties one will never make it. Better to realize that early than wasting time on a fruitless pursuit.

BaconSandwich said:
A few do get it, it’s a tough road, especially when doing it off your own back with out legit professional guidance. We’re talking a good few years of constant focus and development along with a switched on attitude and ability to think rationally... but by the sounds of it you know that already. I’m still a firm believer that this game only fits people with certain specific attributes and characteristics.

Glad to hear you didn’t lose your shirt.

By the way, what did you want out of “this trading thing”? Perhaps your expectations are potentially too high given what’s the norm of a successful trader or speculator, let alone the norm of a trader or speculator who is rather inexperienced?
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padutrader said:
that is a rhetorical question!
i know i would not bother teaching anyone....luckily some one did tell me what the market does but even then it took me 20 years to see and understand it....FOR MYSELF.
do not analyse the markets. OBSERVE IT
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You sounded like a very experience and very profitable trader?
 
padutrader said:
how many times have i heard this in the 30 years i have been in the markets....?

just because you cannot understand Chinese, does not mean Chinese is a waste of time.....it just means you have not taken the time , effort, to learn and then practice it.
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All such times you heard this in your 30 year career did you even once go to a trader's funeral and console his wife and 2 kids and help her with the rent and milk money?

Her cry to Fibo, "Trading took away everything HE could steal from my Johnny and now he's gone, died an ignominious death".

OP has my blessing. Best of luck in Life. :)
 
PennySnatch said:
We'll gents, I'm done. I have put my time in and I can't consistently make it work. Yes I can make money and yes I can lose it but I can't make it "work" as they say. It's ok, I'm one of the fortunate ones who was careful and didn't punt myself into oblivion. Anyway, I'm a survivor but I didn't get what I wanted out of this trading thing, I wonder how many do.
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You sound like a true professional-

You made an assessment, allocated time and effort into this venture- then analyzed the results to determine whether or not to go forward, and decided it wasn't for you.

There is no shame in failing, especially an endeavor that's as difficult at this one- and props to you for making a go at it and eliminating any regrets of never steeping up to the plate to try.

You get a DOUBLE BONUS for remaining professional and deciding it just wasn't for you instead of going the sour grapes route and going on rants stating it's not possible for anyone or a waste of time.

The quality of being a successful entrepreneur is seeing something that interests you, calculate the time and effort needed for success, and if it doesn't pan out based on your continued analysis, move on to the next venture.

Non professionals waste their time well past the point of when they should have quit with no signs of improvement, or resort to trolling that it's impossible to make themselves feel better.

You have a good attitude- you should eventually find a good match for your skill set.
 
qlai said:
Rewarding how by whom? Promise Land ... Gold watch and condo in Florida? How long in the sunken place before your uptrend outpaces inflation and living expenses? You must be single :)

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Gotta work smart. Choosing to play a zero sum game is stupid to start with when there is so much money out there in positive sum games.

Rewarding careers are everywhere. What do you love to do. Or do you just love to make money. Doesn’t matter. Why not make money while you are actually contributing to the society with goods and services? Providing and withdrawing liquidity does not contribute anything. Just pathetic gambling.

I am not single and it’s irrelevant anyway. Life is grand. Great career great kids great hobbies everything is clicking. And I am playing on the right team. Waking up everyday enjoying life while knowing that my portfolio means millions of people are working for me because I own all these businesses. Great feeling.
 
SimpleMeLike said:
MattZ, please explain more.
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Without getting into an essay, I would tell you that there are those who are fascinated with the markets, and they speak of the market in terms of the potential it has, they are drawn to high leverage, believe that successful traders are constantly consistent, and through their career they jump from method to method, asset class to asset class believing that each one will be different.

The real trader's approach is on the risk side, refining methods, observing their behavior, and documenting their trades through trade journals. Here is an example of a review we did for a trade journal https://optimusfutures.com/tradeblog/archives/edgwonk-trading-analysis-software-futures-traders/
Even this group has challenges, and the road is not always smooth.

As a retail Futures broker, I service both, but I am always trying to talk to all traders that trading is handling the risk first. In the age of "internet trading" and all "self-directed", I still try my best to help all traders even if at times they don't want to hear the reality of the challenges of trading. This is my investment in my customers.
I believe that many will learn, grow and mature as traders.
 
MattZ said:
I did not conduct a study on my successful customers, and I do not like "intuition" because most of the time it would misguide us, but I can tell you that those who are successful fit a certain category. As you said, they have certain attributes and traits that seem to always repeat themselves. I notice that many came from a previously challenging and competitive environment. These personalities enter trading with the right expectations, understanding of risk, and constant review of what they do. On the other hand, lack of success in trading is not an indication of IQ, motivation and/or analytical skills because trading is just one area, and you can implement your skills in many areas and be good at it.
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Matt's interview on Chat with Traders, is pure gold:
 
MattZ said:
Their outlook on trading is just different.
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yep
my out look and dream is very simple.....i want to be the best in what i do,in the world...

and i was prepared to go through hell, to achieve it.

i did and i did: went through hell (so did my wife) and i achieved it
 
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