Is it time to throw in the towel?
- Thread starter TheDailyTrader
- Start date
If he is I don't understand his motives. He has 4 mouths to feed, and never asked me for a dime or tried to get me to buy his program or etc. He's done nothing but provide value to my life. He has no courses, private chat room, community, nothing. He just trades for himself and enjoys helping people. If he's FOS he's wasting a lot of time spending everyday trading and working with me. His avg size is 2000 so he's using the right size to hit 600k.
Why do 60yo's tell war stories about their heroism during WWII?
Zillow his address. If his home is under a mil then the guy is lonely and enjoys the camaraderie. IOW he's not in six figures in his best year.
And no, $2K shares is 300 r/t at a point each. I've been doing this since 1989 professionally and that size does not equate to 600K.
Wow, 6 pages of responses in less than 24 hours. I have not read the whole thread, but my initial thought from your first post is that you are putting way too much pressure on yourself. It's really hard to trade when you NEED profits to live off of. Trading is already hard, adding pressure to become immediately successful makes a hard problem harder.
Idk man, I appreciate you bringing that up though, there are a lot of fakes in trading but I don't think this guy is one of them. We've traded together daily for a year now, I had my suspicions in the beginning due to how the industry works but I've never noticed incongruencies in what he's said so I've grown to trust him.
He makes more than a point a day on average and keeps his losers small. 2k shares at 1.5 points a day 252 days a year is 756k before any losses are taken.
There was a guy on here named Jack (John) Hershey. He's got dozens of plebe followers who worship the guy. Hershey was trading $100K of OPM at 80yo and died broke with tax bills.
You're wasting your time with this guy and you know it. Cognitive dissonance is preventing you from acknowledging that fact by spending the 10 seconds needed to Google his address. It's easy to accept wasted money... harder to accept wasted time.
C'mon man, look at the ATR on the stuff he's trading. This ain't PhD shit. You're daytrading.
This is exactly my point: there are many people who want something. And then there are a few who REALLY want it, who cannot live without it. DailyTrader also wants to be a good and profitable trader, but does he want it enough ? From what I can read here from him, I dont think so. And thats why maybe it would be the right move for him to stop now, at least for some time. There are hungrier beginners around than him.
TBH I don't know his address as I've never needed it and never asked. As for the ATR he is trading things that would add up. Today he took TTWO, IRBT, and GRUB. Yesterday was ATVI and TTWO.
I agree with you and I really appreciate you posting here. I've let the punches get the best of me these last few weeks and I need to take a step back and kick my f****** ass into gear.