Is everyone making a Ton of $$$, if not, then WHY?
- Thread starter F-Trader
- Start date
Well said phxtrader. And by the way F-Trader if you are doing so well at you 46 years of age why do you still send your wife to work everyday? Shouldnt she be able to stay home and do more mundane things?
When to exit should be part of your written trading plan too.
I could give another trader my very best trading system, but not tell him when to exit, and he could end up losing money like crazy while I make it, taking the same entry signals.
A trading plan, without rules for the exit, is only half a trading plan, maybe worse.
I could give another trader my very best trading system, but not tell him when to exit, and he could end up losing money like crazy while I make it, taking the same entry signals.
A trading plan, without rules for the exit, is only half a trading plan, maybe worse.
I'm 47 and my wife went back to work after our youngest son started school. She lasted 10 weeks at home, we had the cleanest house in the world.
I was trading during the day and she had nothing to do whatsoever. It is almost impossible to stay home when you are young (less than 65). Most people work during the day and no one to talk to. My wife works because she wants to.
Are you saying that all rich peoples spouses stay home and do nothing? You need a purpose in life.
He did that - without a blotter by the way.
Oh, and I should mention that in the process he managed to put down anyone making under a 200/day for posting their "insert some degrading adjective here" blotter.
A rich asshole is still an asshole
Mike
P.S. If your purpose is to tell this forum how much money you make, I suggest you seek counseling. You probably think we're judging you out here in internet land, but we're not (I could care less). You see, we don't know you, you represent yourself by what you write - so, if you are looking for a better interaction, then take care of what you write. I'll give you a hint - telling us how big your dick is doesn't work.
Quote from F-Trader:
I guess you haven't been reading my comments under the Stock forum under GOLD for the last month.
Today was another 4k+ day. My son wants a new dirtbike, I jokingly told him if I made over $3,000 today I would buy him the bike Saturday.
He always checks my P&L and the end of the day so he should be excited.
Can you be MY dad?
Dude, you've been trading since the late 70's and you only make 1-2K a day avg?? Normally I wouldnt post anything of this nature but your attitude on here stinks so I dont have any problem posting this. I've only been trading about 3 years and make that (and I think I suck and could do a lot better!). Holy shit, I'd be pretty disappointed if I've been trading for almost 30 years and got excited about a 4K day! Let alone come on here and BRAG about it.
Learn some humility man. You're 47 years old for christs sake. You'd think the "my dick is bigger than yours" phase would be over by now but I guess it hasnt passed you by yet.
PS Readen Metal has 100K+ days all the time and you dont see him starting threads like this do you?
Learn some humility man. You're 47 years old for christs sake. You'd think the "my dick is bigger than yours" phase would be over by now but I guess it hasnt passed you by yet.
PS Readen Metal has 100K+ days all the time and you dont see him starting threads like this do you?
Quote from F-Trader:
WTF are you talking about?
I've been trading since the late 70's. I've been thru the ups and downs.
What does my trading losses/profits have to do with my kids?
I could give a F what newbies on the internet think, I'll never meet you.
Enjoy making a $100 a day on 10,000 shares, LOL.
I've been trading sense the Jan 20th of this year and have not had a profitable month yet.
This is because:
1. I trade on impulse
2. I dont have enough money to work with which makes things little bit harder
3. For the first month or so, I was trading exclusively tech stocks like Intc, aapl, amat, lltc, brcm and others..not a good idea.
4. I dont have a lot of patience..which is one reason for #1.
5. I love to buy stocks after a deep decline in prices, or short after big up moves or gaps . This has screwed me over more than once, but I think it will pay off if I can master this strategy.
--
Another reason I am losing money...and I'M NOT BLAMING ANYONE OR ANYTHING WHEN I SAY THIS, but I think that
1. Interest rates
2. A falling real estate market
3. Rising oil prices
4. Lower company earnings
5. Fears of terrorism / war with Korea
--
A total of 10 reasons why I'm not making any money. The markets are just REALLY choppy right now. I'd be surprised if anyone is consistently profitable in the market right now. Maybe when Summer is over, things will improve.
--
Have a great week end guys
- Nathan
This is because:
1. I trade on impulse
2. I dont have enough money to work with which makes things little bit harder
3. For the first month or so, I was trading exclusively tech stocks like Intc, aapl, amat, lltc, brcm and others..not a good idea.
4. I dont have a lot of patience..which is one reason for #1.
5. I love to buy stocks after a deep decline in prices, or short after big up moves or gaps
. This has screwed me over more than once, but I think it will pay off if I can master this strategy.--
Another reason I am losing money...and I'M NOT BLAMING ANYONE OR ANYTHING WHEN I SAY THIS, but I think that
1. Interest rates
2. A falling real estate market
3. Rising oil prices
4. Lower company earnings
5. Fears of terrorism / war with Korea
--
A total of 10 reasons why I'm not making any money. The markets are just REALLY choppy right now. I'd be surprised if anyone is consistently profitable in the market right now. Maybe when Summer is over, things will improve.
--
Have a great week end guys
- Nathan