Is trading easy?

Is trading easy?

  • Yes

  • No

  • Fuck off cunt.

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nooby_mcnoob said:
Still mad eh
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nooby_mcnoob said:
At the risk of sounding arrogant... This question is more for the professionals like @Handle123 and maybe @Millionaire

It appears to me that I only lose money when I try and get too big for my britches. I am pretty much an expert now at nailing entries, even in this volatility. Maybe 1-3 good trades per day per asset is enough for me to be happy.

I'm just trying to figure out if the people who have been doing this for a while are at the point where they are no longer impressed by the difficulty of it and have accepted that they get what they get and don't try to go beyond that.

I used to think trading was hard, but what's actually hard is doing nothing for long periods of time, clicking a button, then doing nothing again.
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Depends what your goal is. How much ROC are you making per year? And what's your biggest open drawdown during that period?

You could just buy&hold SP500 index and get the "earnings" long term. If you're not leveraged, it doesn't matter where the market goes.

If you plan to beat the SP500 then it's a different story. That's hard and getting harder in time. l Eventually, your strategy is modelled and you'll be matched with a counterparty willing to trade the other side of you. Unless you're algo trading and know a thing or two about options. Then there's hope.
 
Learning to trade is difficult, learning to behave as a trader is also difficult (for some even more so). Once that work has been done, trading becomes increasingly easier as experience and cognitive skills build.

Trading is still a demanding profession and requires the efforts of any such profession. Each morning before the day open, I review multiple time frames down to my trading TF. I review each days chart or certainly by the weekend, every signal taken or not and log long or short, time of entry, type of trade, MFE, MAE, Initial Risk and result of trade both in W/L and result size.

I also review study material and journal posts as I have done for years as well as re-read or watch video of such as Mark Douglas. All these things work to keep you sharp and focused. Anyone who wants to succeed as a trader has to do the work and keep working regardless of experience.

If this were all easy, we couldn't get anyone to fix the roof or do root canals or mow lawns :D
 
speedo said:
Learning to trade is difficult, learning to behave as a trader is also difficult (for some even more so). Once that work has been done, trading becomes increasingly easier as experience and cognitive skills build.

Trading is still a demanding profession and requires the efforts of any such profession. Each morning before the day open, I review multiple time frames down to my trading TF. I review each days chart or certainly by the weekend, every signal taken or not and log long or short, time of entry, type of trade, MFE, MAE, Initial Risk and result of trade both in W/L and result size.

I also review study material and journal posts as I have done for years as well as re-read or watch video of such as Mark Douglas. All these things work to keep you sharp and focused. Anyone who wants to succeed as a trader has to do the work and keep working regardless of experience.

If this were all easy, we couldn't get anyone to fix the roof or do root canals or mow lawns :D
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The discipline is truly the hard part. Consistently doing the same thing, day in day out. That's why I think it's a blue collar job...
 
It's a never-ending cycle on what's focused upon;

Unconscious Incompetence -> easy
Conscious Incompetence -> hard
Conscious Competence -> easy
Unconscious Competence -> hard

Always in inquiry keeps the cycle repeating and growth alive.
 
Sprout said:
It's a never-ending cycle on what's focused upon;

Unconscious Incompetence -> easy
Conscious Incompetence -> hard
Conscious Competence -> easy
Unconscious Competence -> hard

Always in inquiry keeps the cycle repeating and growth alive.
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I love this classification.
 
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