Is 99% of trading a grind for everybody?
- Thread starter pk3r1234
- Start date
When I started trading it was like I'd grabbed a tiger by the tail. It was all so complex and required so much research, thought, and organization. I was all by myself. My method is so different no one could relate to it. I nobody to compare notes with, and still don't. I didn't know if it was going to work. I remember once thinking I didn't like the work, that it seemed like, though I might eventually benefit, I wasn't producing anything for society. I guess that matters to me. But I remember thinking that way only once, so overall I must have been contented. Slowly my approach took shape and I was able to taper off on my work input and enjoy the fruits of my labor. It's been nearly two years now and it takes less of my time than ever. I don't mind at all the minor work it requires. Regarding the "being productive for society" concern, unlike most of you I'm not interested in gambling. It just doesn't turn me on. I want to work and figure things out in a non-competitive way. That's no guarantee society will benefit. Much of what we do is hobbies. But I think there is a good chance that the world's financial resources are a tad better utilized as a result of what I do. My returns are good and I feel good understanding the world better than I used to.
Hi, I've highlighted some of your post because as I understand it your in the market trading each and everyday. This will always result in the grind feeling, waiting more for what has shown to work best in the past can lessen or aleviate that feeling. It is said that pro's wait 99% of the time and amateurs trade 99% of the time. My experience has shown that waiting more for the alignment of what I know works, works. On those days where it felt very easy, well that was just luck because you didn't wait for those alignments you simply were there trading anyway.
In simple terms if your spending 70 hours a week in front of screens and making 900.00 that's hardly worth it. It is very possible to make that same amount only spending 10 hours that week if one waits for the best opp's.
Eventually, you'll figure out day trading is a joke and the punchline is you. Brokers and authors invented day trading to separate you from your money.
You have to remember ET is mostly comprised of folks who have killed it, and retired multi millionaires.
So you will usually be told to keep at it, until you too will achieve terminal liftoff speed.
Or become terminal, whichever come first.
So you will usually be told to keep at it, until you too will achieve terminal liftoff speed.
Or become terminal, whichever come first.
L
lovethetrade
Is 99% of trading a grind for everybody?
For a question like this I have one response.
yes and no.
For a question like this I have one response.
yes and no.
It is Not a Grind when you listen to SOES
It wouldn't be so much of a grind if you learn to keep your emotions in check to such a degree where they don't interfere with what you see when trading.