Is my career over?
- Thread starter TruthSeeker247
- Start date
What is the sentiment that everyone else is saying? That I won't make it as a trader? How can you possibly know whether or not I will make it as a trader. That's like saying you know google is going to go up 20 points tomorrow. You have no idea.
I don't give up simply because people tell me to give up. With that philosophy, I'd accomplish nothing in my life.
I will persist and will be successful one day irrespective of what happens to my current account. I've learned major lessons about trading....and i didn't learn them from reading books....
Thanks for your comments
Off to dream land you go again. I hit the trigger 30-50 times a day kid. I know exactly what my win% and profit factor is for my daily trades. Do you??? Of course not, because you havent a clue what you are doing. I stay right around 60% win and a PF of 2.0 or higher in actual real live trading. This year, im around 2.6 PF, but that is not normal.
no people dind't just tell u to stop trading. People told you to slow down and learn first. Reduce your size, develop a system - succeed before size. People point out your mistakes and you think you are right about everything when you are wrong. Your single biggest problem is that you don't listen. You don't have to stop trading, but you do have to slow down. Stop and discover what you did wrong. Which is, your size was too big,. And you are making the exact same problem to try to make your money back - trading with too much leverage.
That is hardly a given. You do realize there are people in the world that try to succeed at something for the rest of their lives, never giving up, and die before succeeding right?
Wow, you really are a complete idiot huh?
Could you please show me where I claimed to have 200K???? I only claimed to have *more* than 200K, but never specified how much more.
Could you please show me where im scared to trade? I make 30-50 trades a day. Last year, about 8000 trades and millions of shares.
If you cant even read correctly, you surely have no chance trading the markets.
Could you please show me where I claimed to have 200K???? I only claimed to have *more* than 200K, but never specified how much more.
Could you please show me where im scared to trade? I make 30-50 trades a day. Last year, about 8000 trades and millions of shares.
If you cant even read correctly, you surely have no chance trading the markets.
I do call trading my career. Suppose I take $30,000 to open a deli or something. Let's say after the first year I've lost $23,000 due to a lack of business. Do i then say I am not a deli owner? I am a trader; that is my career.
My mistake was with cutting losses and trading too big size. I've learned my lesson about trading too much size and I am currently working on cutting losses short.
Persistence and courage are necessary but not sufficient ingredients of the successful trader. Without those two qualities, one never will be successful as a trader. Obviously, there has to be a certain flexibility that allows for the learning from one's mistakes. Iwould go so far as to say that the anyone with the following characteristics can be a successful trader:
1) Persistence
2) Courage
3) Enough humility and flexibility to learn from one's mistakes
You have those three, you won't fail as a trader. You may lose battles along the way but you will succeed, ultimately.
That's my take on things. Thanks
If I had to create a fictional character, with all the attributes necessary to blow out accounts and fail miserably at trading, he would be exactly like you.
Your ego is out of control. You have lost most of your money already in a very short period of time while telling yourself you are a trader, and that you will get it all back.
You have no system. You have no edge. You dont even have an understanding of the most simplistic trading concepts, yet run around like a raving lunatic claiming you are a trader simply because you can push a button to buy and sell.
Hint: Even a monkey can push a button on a keyboard and lose money. That doesnt make him a trader.
In fact, since you under performed randomness by so much, I would wager that a monkey would actually beat you trading. I suspect you have a big negative expectancy. You should not have blown your account out so much, by choosing trades based on a coin flip, in such a short period of time.
You have the worst attributes for trading, all wrapped up into one. Big ego , zero skill, and huge determination. What better formula to lose money fast??? Real fast.
A man who is super determined to beat his ahead against a brick wall, will only succeed in killing himself quicker
Your ego is out of control. You have lost most of your money already in a very short period of time while telling yourself you are a trader, and that you will get it all back.
You have no system. You have no edge. You dont even have an understanding of the most simplistic trading concepts, yet run around like a raving lunatic claiming you are a trader simply because you can push a button to buy and sell.
Hint: Even a monkey can push a button on a keyboard and lose money. That doesnt make him a trader.
In fact, since you under performed randomness by so much, I would wager that a monkey would actually beat you trading. I suspect you have a big negative expectancy. You should not have blown your account out so much, by choosing trades based on a coin flip, in such a short period of time.
You have the worst attributes for trading, all wrapped up into one. Big ego , zero skill, and huge determination. What better formula to lose money fast??? Real fast.
A man who is super determined to beat his ahead against a brick wall, will only succeed in killing himself quicker
Now, there are your own words, TraderDragon. You made these comments not me. So with a $200k account making $363 per day is ASTRONOMICAL, in your estimations.
This leads me to logically assume that you make nowhere near that ASTRONOMICAL amount since you "can't possibly compete with fund managers".
I'm sorry but I know traders who have been trading consistently for 6+ years starting with a $40,000 account and they make a hell of a lot more than $363 per day.
Making less than $363 with a 200k account means you are scared to pull the trigger and trade enough size. That is how I rightly conlcuded that you are scared to trade.
Thanks for your comments
