I traded for 14 years before I had a profitable year/year result. I've made money every year since then, and made a living for almost 20 years. Much of what I have seen on Youtube and elsewhere does not work for me, but some of it does. The trick is finding out what works for you. I think it's a personal thing.
I'm out
- Thread starter PennySnatch
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I traded for 14 years before I had a profitable year/year result. I've made money every year since then, and made a living for almost 20 years. Much of what I have seen on Youtube and elsewhere does not work for me, but some of it does. The trick is finding out what works for you. I think it's a personal thing.
Recent blog post by Brett Steenbarger on "Three Reasons It's So Difficult to Succeed at Trading":
http://traderfeed.blogspot.com/2019/03/three-reasons-its-so-difficult-to.html
http://traderfeed.blogspot.com/2019/03/three-reasons-its-so-difficult-to.html
This is my experience personally so it might not apply to others.
You must not lose your momentum. Don't lose the momentum. Once it is lost, it will take time for you to reach the point where you have left.
It's like diving to the ocean floor, you do not stop. When you stop, you will slowly float to the surface, getting farther from the ocean floor.
Never lose your momentum. When you are in the zone, you will be in a meditative state, that's when you will discover something. Enlightenment is the word.
You must not lose your momentum. Don't lose the momentum. Once it is lost, it will take time for you to reach the point where you have left.
It's like diving to the ocean floor, you do not stop. When you stop, you will slowly float to the surface, getting farther from the ocean floor.
Never lose your momentum. When you are in the zone, you will be in a meditative state, that's when you will discover something. Enlightenment is the word.
you need to behave the way the casino or house does....they lose quite often but in the long run they win..the edge...
i did that a 6 months break and have hit bulls eye
To be a consistently profitable trader requires one's emotions to be dialed way down with absolutely no fear, regret nor hesitation about making a string of losing trades. This type of profile is akin to socio/psychopaths who are not wired like normal humans and thrive on constant action, obtaining what they want by any means without remorse.
From Psychologia.co:
"Psychopaths: According to estimation, psychopaths make up about 1 percent of the general population. Sociopaths: About 4 percent of the general population. Things they have in common: Both suffer from antisocial personality disorder."
https://psychologia.co/psychopath-vs-sociopath/
So while those figures are relative to the general population, they appear to roughly correspond to estimates we see for "% successful traders" (relative to those who attempt trading). Actually, a lot of those boxes in the infographic seem to "check" relative to traders. Hmm, you may be onto something....
this remind of of the famous quote from Ed Seykota "Win or lose, everybody gets what they want out of the market."
for further detail check out this thread:
https://www.elitetrader.com/et/thre...ryone-gets-what-they-want-from-market.317295/
well that is it is it not?
you have to take what you want ,it is not a gift......you have to earn it.