Is trading really worth the time and effort?

OP,

Now that I've paid my dues, I can look at a chart and tell you everything you'd need to know to put on a position in about 10 seconds - market state, R:R, is it acting like it should based on the trade taken (rtm, trend). Even further, IMO, profitable trading could be taught and learned in 15 minutes. Once I found a way to consistently profit I searched like a mad man for more information, but didnt find even a word on it. Then you know you got something. :D
 
...So to answer your question, if its an intellectual endeavor you seek you may be barking up the wrong tree, but if you're looking to make money it is worth the time, far less risky than investing. :)


BD
 
BobbiDigital said:
Even further, IMO, profitable trading could be taught and learned in 15 minutes. Once I found a way to consistently profit I searched like a mad man for more information, but didnt find even a word on it. Then you know you got something. :D
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or exact opposite. when one (for example) want to be a hvac installer-he can grab a book,read it,pass test(or go to some evening school and learn the knowledge)
and then start working and making money. the most he can lose is his time. you did job-didn't get paid. you CAN'T loose in this game and that skill will always make money for you. you can't have that in trading. you can waste 10 years and learn and earn NOTHING. or even worse-have some serious losses. this is main difference between trading and regular skill\profession. OP-just make sure you know that :)
 
ok..no statements or screenshoots so far and everyone is making millions here...easy money and i'm alone, struggling making living actively trading stocks in this market..
i throw you another bone..

you know this guy,right?

http://thepatternsite.com/

he done tremendous job with patters.they all there. classified and all data was avaliable. all stats,all probabilities. just pick one and trade. or pick top 10 and trade..all info is free so one can study as long as needed and can became millionaire in no time.
but wait..oops..

http://www.thecrosshairstrader.com/...he-failure-of-popular-stock-trading-patterns/

According to Thomas Bulkowski, a popular and highly probable stock chart pattern used by many traders, has lost much of its profit potential. -
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wtf? i thought i was alone..but wait..there is more! the article was dated by 2009!
and i'm pretty sure it's only got worse..what's going on here? now..can anyone explain why patterns are not working? :)
 
dbphoenix said:
Probably not. FA is not what it was 30 or 40 years ago. There was a time when FA would tell you what to buy and TA would tell you when to buy it. But that's no longer the case. Most FA advocates seem to use it to convince themselves that the stock is worth more than it is. Stocks, however, are no longer the only game in town.
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You couldn't be more wrong:
L1kRgDV.png
 
The fact that there exists a population of market participants who show a positive P&L over an extended period of time and without "inside information" IMHO dispels the theory of randomness.

I just think the academics are a bit lazy and uninformed.

BTW, there is also a population of well credentialed academics who have managed to become traders and fund managers in lieu of Nobel laureates.
 
Bob111 said:
ok..no statements or screenshoots so far and everyone is making millions here...easy money and i'm alone, struggling making living actively trading stocks in this market..
i throw you another bone..

you know this guy,right?

http://thepatternsite.com/

he done tremendous job with patters.they all there. classified and all data was avaliable. all stats,all probabilities. just pick one and trade. or pick top 10 and trade..all info is free so one can study as long as needed and can became millionaire in no time.
but wait..oops..

http://www.thecrosshairstrader.com/...he-failure-of-popular-stock-trading-patterns/



wtf? i thought i was alone..but wait..there is more! the article was dated by 2009!
and i'm pretty sure it's only got worse..what's going on here? now..can anyone explain why patterns are not working? :)
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Why do you care so much? Unless you're planning on following somebody, it doesn't make the slightest difference what anybody claims or whether they are good as gold or total bullshit. I never pay any attention at all to the claims made on these sites. If I know someone's plan, then I can judge for myself. If they don't provide a plan, then as far as I know it's all just fantasy, regardless of all the statements, screenshots, blotters, blah blah blah. And I've seen a lot of fantasy in twenty years.

In any case, whether someone is wildly successful or making it all up, none of it has anything to do with me. Whether I'm doing well or poorly has nothing to do with whozis.

Do you have a thoroughly-tested, consistently-profitable trading plan? If not, then how can you hope to succeed?
 
you already got great answers, but I'll add my $0.02 worth if it's any help, this coming from a limited-capital, struggling trader in primarily equities and options.

help
Addi said:
Can you get an edge in the market?
I prefer to think of it in terms of probabilities, and if you do your homework you can definitely increase your probability of success.

Is technical, fundamental analysis worth to study and learn about to improve your odds?
Is combining them going to improve your odds?
Depends on your time-frame and your approach to things in life. If you're daytrading, FA is not going to help much... probably not much help for commodities/futures trading either; but if you're trading stocks on medium to long-term time-frames, yes you must know FA, it will help you choose what to trade and whether you're willing to buy at a premium or a discount. Also, if you're the analytical type, it will help you build your conviction on what underlyings you're comfortable trading. TA can help you choosing when to enter and exit, but never do a trade based on TA alone. Learn tape reading, and understand what catalists will move a stock.

Does watching price movement on the screen for several years improve your profits and change you from a loser to a winner?
A DOM reader might say yes to that, personally I think having positions on the line, managing and taking the pain of cutting your losses, or the satisfaction of winning, will make you pay attention and learn your lessons.

Is randomwalk theory complete or are there exceptions in your oppinion?
I don't believe in EMT, bull markets have a bias to the upside and this will move the crappiest, valueless stock up given the right catalysts. The opposite is true for bear markets, the best companies will drop in price regardless of their valuation. In the end, all participants are humans and the markets in aggregate can behave in unpredictable ways, but for every transaction one side was right, and the other side was wrong. This means that to profit from the markets you must learn to trade both sides, long and short.
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The most important thing to understand is risk and risk management, this will help in keeping you out of trouble, and in making money, where there's risk there's reward. Learning Options trading and understanding Implied Volatiltiy and the greeks will help you understand your risk and help you choose the right strategies to apply whether you're bullish, bearish or neutral.
HTH
 
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