Market Code Crack'd?
- Thread starter floortradr542
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My first love has always been equities. Stocks.
Trading futures is for income. Buying great companies at great prices is for building wealth.
I have always kept my eye on what to do with "excess" profits. Once I reach a certain trading level income-wise, and after bought the few toys I truly desire, what do I do with the excess? My lifestyle will change, but not by much.
It may be a fallacy, I believe that Wall Street knows something over the general public when it comes to shares-- be smart and buy now. Dump on the public at inflated prices later.
I want to be the dumper. Not the dumpee.
Trading futures is for income. Buying great companies at great prices is for building wealth.
I have always kept my eye on what to do with "excess" profits. Once I reach a certain trading level income-wise, and after bought the few toys I truly desire, what do I do with the excess? My lifestyle will change, but not by much.
It may be a fallacy, I believe that Wall Street knows something over the general public when it comes to shares-- be smart and buy now. Dump on the public at inflated prices later.
I want to be the dumper. Not the dumpee.
Yes they do, and Yes you are right, but you don't need "inside information" to understand that.
You need an MBA ... you need to understand how they view the business cycle.
Good TA, Volume Analysis and consistent system would get you there as an outsider.
I'm not really going down this road anymore.
Later,
JJ
http://www.elitetrader.com/vb/showthread.php?threadid=71724
Knocks yourself out.
Between you and this guy, you're look'in at ohhhhh, someplace in the area of 10 years or more ...:eek:
I don't know how much further I can take this thread. I have shared my trials, tribulations and insights as much as I dare. Trading is very simple, once you have thoroughly thought it through. It occupies my mind 24/7 now.
It's ironic that I chose trading because I thought it was the only way an untalented, low-man-on-the-totem-pole nobody can earn an excellent living for my family and enjoy the nicer things in life. I do not enjoy their company as much because I am ALWAYS thinking about the next trade. I go to sleep dreaming about the next trade. Yesterday was yesterday. Tomorrow's trade is the only thing that matters.
The market consumes you when you are losing. It consumes you more when you are winning.
It's ironic that I chose trading because I thought it was the only way an untalented, low-man-on-the-totem-pole nobody can earn an excellent living for my family and enjoy the nicer things in life. I do not enjoy their company as much because I am ALWAYS thinking about the next trade. I go to sleep dreaming about the next trade. Yesterday was yesterday. Tomorrow's trade is the only thing that matters.
The market consumes you when you are losing. It consumes you more when you are winning.
Please don't let this thread die out. Thanks to it, and your generous PMs, I am beginning to feel confident that trading might be viable for income support.
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