Is Trading Itself a Bad Trade? I Analyzed the Industry- Prove Me Wrong

[schweiz]

And I believe if I “think” I can then i will find a way to create my reality.

I don't agree with this. No matter what you think or do, there is always a (more than) fair chance you will never find that way to create your reality. In trading it is even not a fair chance, the probability of failure is much higher than the probability of creating your reality. Most have to adapt to reality instead of creating one.
I know several "traders" that were thinking they would find it, but ended with a failure. The did all they could, were very determined and motivated, but never made it.

 

[Cabin111]

Having traded for over 40 years I have found 3 funds that make sense...Buy and hold maybe forever. S & P 500 at Vanguard, some select bio-medical funds (since the US is still a leader in finding medical cures)...Things like GGHCX or FSPHX. The last one would be RVT...They just seem to find undervalued, boring companies that can grow. Here is a chart for them. Those would be my buy and holds...sleeping well at night, especially buying in a down market. Just me...

RVT
Outperformed Russell 2000 for the Quarter, 3-Year, 10-Year, 20-Year, 30-Year and since inception (11/26/86) periods as of 12/31/18.

• Quarterly as of 12/31/18
• Monthly as of 02/28/19
• Daily as of 03/08/19

Quarterly as of 12/31/18
QTR5 YTD5 1YR 3YR 5YR 10YR 20YR 30YR SINCE INCEPT. DATE
RVT -25.48 -20.43 -20.43 8.64 3.19 11.68 8.33 10.12 9.16 11/26/86
XRVTX -19.45 -14.45 -14.45 9.00 3.70 12.14 8.42 10.20 9.94 11/26/86
Russell 2000 -20.20 -11.01 -11.01 7.36 4.41 11.97 7.40 9.21 8.95 N/A

 

[volpri]

I don't agree with this. No matter what you think or do, there is always a (more than) fair chance you will never find that way to create your reality. In trading it is even not a fair chance, the probability of failure is much higher than the probability of creating your reality. Most have to adapt to reality instead of creating one.
I know several "traders" that were thinking they would find it, but ended with a failure. The did all they could, were very determined and motivated, but never made it.

And quit.

 

[volpri]

Trading is a very high performance endeavour. It is hard and alot of work. If you don’t think you have a chance at making it you will quit when adversity shows up. To make it in trading you have to believe you can and persist until you find out how.

Same as for any other high performance activity requiring dedication..sacrifice..persistence. It you don’t think or believe you can then it makes no sense to even start. Yes, there is a chance you won’t make it. There is a chance you will get in a car accident if you get in your car and drive to town. So.....you have to be willing to take the risk and believe the car will get you to town. You have to think and believe there is a way ...a strategy..that you can find or develop that will be your path to profitible trading. Otherwise, it makes no logical sense to even try trading. It would be absurd and pure stupid. It is risky..uncertain...and very high performance.

I am not saying just “thinking” in the metaphysical sense will make you a successful trader. What I am saying if you “believe” you can and “think” you can that in itself will motivate you to endure the search...the many tests..the failures and as long as your focus is single and your resources last and your energy holds up if you believe it and think it then there is a GOOD chance you WILL find it and become a successful trader.

Your mind is the organ you have for thinking..planning..organizing..testing..evaluating..motivating..

Trading is a mental game as much as a money game.

Who ever heard of man to the moon and coming back prior to 1969?

However, Kennedy stood before Congress on May 25, 1961, and proposed that the US "should commit itself to achieving the goal, before this decade is out, of landing a man on the Moon and returning him safely to the Earth."

On July 20, 1969 less than 10 years out it was accomplished. Risky. Yes. High performance..yes. Ever been accomplished? No. But what Kennedy believed and thought he motivated America to believe with him and to think it to be possible and Nasa accepted the challenge and persisted until they FOUND A WAY to do it.

What if Nasa and America would have just said the odds are too high..the risks too great...it has never been done...you are crazy Mr President......we might still be riding in vw beatles....ROFLMAO

P.S. Grandpa said they were in the mojave desert.....

 

[sle]

P.S. Grandpa said they were in the mojave desert.....

 

[CSEtrader]

I think you may be missing the point here. As concerns trading ...if you THINK you will not ever become a successful trader then you probably won’t. However, if you THINK you can, and that you will become a successful trader then you will continue searching, persisting, and trying until you find out what works for you and discard what doesn’t work for you.

The fact that you have become a successful trader (assuming you are) bears witness to the fact that while you may have had some doubts along the way you kept at it until you found a way. So you either believe and thought you would eventually get there or you have simply expended a colosal waste of time, energy, and resources just for the heck of it.

Henry Ford himself had many failures along the way to a viable, workable invention, and profitability.

It seams to me Volpri and Schweiz are saying the same truth with only different wording.

In the journey to profitability, I many times changed my opinion from I can to I cannot and vice versa. So what Henry Ford said is only true at the moment you are speaking, the next minute, hour, day, ... it can be the opposite. People who invent things are proof of that.

Many oneliners sound good till you start to analyze profoundly what they say. And then you see often the incompleteness, or that the timebound aspect is missing.

We first received this call and began to believe that it is possible (constantly profitable trading in our case), then we align our thoughts (it will help if we will be direct and observe our thoughts, instead of letting them flow without direction : we have learned to brush our teeth, which even 100 years ago was not common, but most of us are still reluctant to take charge and clean our thoughts), persist, search, try over and over and you will reach.
Reality is neutral, we are charging it with our thoughts and are creating our reality.

This is just to answer one more time to the topic of this thread - trading is one of the best trades.

In the contest of thoughts - trading will teach you focus, concentration and in the same time to follow the flow, be flexible. Trading is one of most rewarding occupations in today's world - it will bring you to your spiritual, psychological growth and your account will constantly monitor and let you know if you are out of track. The ultimate level - you will reach awareness, become an observer with unlimited financial freedom of your choice and needs, and will settle you to be able to preserve your very own creativity, just one more little drop of light in this earthly world that is covered with a lot of darkness.

 

[schweiz]

It seams to me Volpri and Schweiz are saying the same truth with only different wording.

I agree with what he says. But it is more or less valid for ANY activity you do, not just trading.
Something can be less emotional, but heavier physically, etc...
I have done business before becoming a trader and believe me business is hard too. The only difference I experienced is that trading was more difficult for me. That can differ from person to person I think.

 

[CSEtrader]

I agree with what he says. But it is more or less valid for ANY activity you do, not just trading.
Something can be less emotional, but heavier physically, etc...
I have done business before becoming a trader and believe me business is hard too. The only difference I experienced is that trading was more difficult for me. That can differ from person to person I think.

Nice to hear, that you agree with him. And I agree with you both and with you about business. I also was doing business before and it was difficult and demanding, but comparing to trading for me it was just a little crumble.
At least again for me, in order to come to the profitability means melting all old believes, like going on fire to purify from all what is not true me.
Certainly outcome is worth any pain and effort - not only are you getting to know your true-self but you are free. In business inevitably your outcome will be limited by behaviours and interferences of other people. In trading you are entering in another dimension, there is flow and you. Once mastered surf, just choose your beach and wait for your wave.

 

[viruscore1]

I agree, day trading is a bad trade when you're on the wrong side.

 

[volpri]

I agree with what he says. But it is more or less valid for ANY activity you do, not just trading.
Something can be less emotional, but heavier physically, etc...
I have done business before becoming a trader and believe me business is hard too. The only difference I experienced is that trading was more difficult for me. That can differ from person to person I think.

CORRECT. ONE OF THE HIGHEST PERFORMANCE ACTIVITIES ON EARTH. REQUIRES MUCH MORE SINGLE FOCUS, DEDICATION, TESTING, SACRIFICE, PERSISTENCE than most any other endeavours because there are so many variables. Known and unknown that can and do come into play. For this reason alone, correct thinking...clear thinking...are necessary as motivating factors or one will just surrender and give up in the middle of it before they get started good or after they have depleted their resources. Requires intense focus and singleness of heart and mind.