Is this what trading is like?

cruisecontrol said:
As a pro trader running a business, you should feel totally comfortable putting the majority of your networth into your trading.

Try putting yourself in the mindset of a pro. How would your behavior change if all your money was in your trading account, and trading was your only possible source of income?

You would probably think: Oh shit, I actually need to know what I'm doing now. If I blow up another account I will be out on the streets. I need to find a strategy that has a real edge, and I can't take much risk.

And then, you can stop gambling and finally begin your trading journey.
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Can I assume this is something you don't do successfully? For such a moron, I'm up 24%.

Another account? When was the first one.

I have much more reliable ways of achieving a great ROI with practically 0% chance of losing money.

Anyone can see that there is a lot of unpredictability with this.

I would be a fool to put most of my money in something so unpredictable.
 
cruisecontrol said:
As a pro trader running a business, you should feel totally comfortable putting the majority of your networth into your trading.

Try putting yourself in the mindset of a pro. How would your behavior change if all your money was in your trading account, and trading was your only possible source of income?...
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If you are trading your own money, you would not be considered a pro and incur pro fees?
 
I have a degree in Econ and I have traded Forex. Also, there are many traders like yourself that analyze news events to determine price direction. I think it's useful and I do use news events sometimes as a bias to confirm trend.

That being said, you asked what is trading? For me, it means that one has discovered an EDGE that creates a profitable system which works over time.

You need to be in the top 10% to do this. For example, for over 1 year my Forex system was rated #1 out of 9,000 other systems.

If trading was easy, everyone would do it. Or at least everyone would make money doing it.

For sake of argument, we will assume that your system works over time. Then you just need to decide how much you can risk on a single trade to maintain system integrity without risk of ruin. There is no problem if you put more money in certain trades especially if they have higher probability of achieving the correct outcome.
 
farmerjohn1324 said:
Can I assume this is something you don't do successfully? For such a moron, I'm up 24%.

Another account? When was the first one.

I have much more reliable ways of achieving a great ROI with practically 0% chance of losing money.

Anyone can see that there is a lot of unpredictability with this.

I would be a fool to put most of my money in something so unpredictable.
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The fact that you think it's so unpredictable just proves that you're gambling. Why would you even trade if you have no confidence of making money? Talk about being foolish.

And bragging about being up 24% on a single trade using 50:1 leverage is just perfect. A perfect illustration of your complete and utter cluelessness about trading. Come back and talk to us once you have a few hundred trades on the account.
 
Overnight said:
If you are trading your own money, you would not be considered a pro and incur pro fees?
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When I say pro, I mean someone who trades for a living. I'm not talking about professional designation. But honestly, pro fees are not a big deal if you are an actual pro. It's quite logical, really. I trade thru a corporate entity which is always considered professional designation even if I don't have the licenses and such.
 
cruisecontrol said:
The fact that you think it's so unpredictable just proves that you're gambling. Why would you even trade if you have no confidence of making money? Talk about being foolish.

And bragging about being up 24% on a single trade using 50:1 leverage is just perfect. A perfect illustration of your complete and utter cluelessness about trading. Come back and talk to us once you have a few hundred trades on the account.
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How can you say things aren't unpredictable when one piece of news or data release is enough to move markets in unexpected ways? It happens very often.

It was more than one trade, but all based on bullish USD.

Gambling? No. I have good reason to believe USD is improving. Gambling would be to choose blindfolded.
 
farmerjohn1324 said:
What makes you say this?
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Which one below looks easier and more profitable, black or green line?
It shouldn't be difficult to answer, QQQ vs AUDUSD.
download-1.png
 
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