my personal thoughts after 20 years of trading

[padutrader]

You are "mega rich" from trading your own account? Just want to confirm and see how you define it/ accomplished it.

i do not think anyone said he was mega rich

 

[padutrader]

No, I'm not mega rich just from trading my own account. Several incomes, several business, good people working together. But trading is my solo entrepeneurship that fund a lot of things. And not only with money, but with thinking and being different in risk taking then other busines owners. I accomplished it with copying other people that are succesfull in their field and make it work for me. Fel in love with strugle. Fel in love with the down day's and the up day's. Really believed that when the winter sets in, the summer will come, just keep going. If I had a problem with something, I looked for help from someone who had solved the problem. Never thought about it myself. Made me only going around and around. See that a lot with people that want to solve something. Look for help/examples. That is how I did it and still doing it. Hope it is more clear for you. Wish you the best.

you are a wise person

 

[padutrader]

Just keep at it and live your life besides trading.

i used to trade well and lost it....i think i found it again and like you say keep at it

 

[fordewind]

Can you at least try to trade for 3 months and make at least 1 buck a day?Try it, you`ll soon find out how tough it is.To keep at it, you have to be mentally endured.it is that your mental strength my betray you, you have to be mentally tough to keep at it.The trick is, that toughness is not rough, it should be gentle and almost unfelt.

 

[WildTrader]

He did not waste his live, he spent it trying to achieve something that is important to him.

That takes balls and even more balls takes to talk openly about the failure.

A lot of so called successful men, never followed their heart. They hate their job, do not love they wife, wait all week for Friday to come, and then for the retirement.... to be relived from their constant misery.

Exactly same as my thoughts.

me

Look at his smile, he is living a good life. Newbie here but oldie to this quote: Money alone may buy you temporary happiness but can't buy you permanent joy at all.

 

[murray t turtle]

baloney

what reason suffice?

was valedictorian at school, got PhD in math?

and how does one know that you smart enough for trading?


10000hours ? where that number came from, why not 10001?
huh?

why not 1000?

%%
Last first; it[10k is an average.
Speaking of general rules; as they say in Chicago-''the smarter you are- the longer it takes '' LOL. IF one doesn't like the income made with trading, could try investing . OR do like Don Bright Daytrading Co founder did; do both....

 

[Palindrome]

OP,
Let me guess, you trade in the short term? The short term game is like stepping on an NBA court at age 50. Unless you got mad skill, your dead.

When you lose for a fair amount of time, you develop a complex. That complex keeps haunting you and resurfaces continuously.

20 years unfortunately is a long time to lose and the complex is deep.

1) Design an edge
2) Test the edge
3 Determine if the edge is executable
4 Trade the system

 

[themickey]

OP,
Let me guess, you trade in the short term? The short term game is like stepping on an NBA court at age 50. Unless you got mad skill, your dead.
When you lose for a fair amount of time, you develop a complex. That complex keeps haunting you and resurfaces continuously.
20 years unfortunately is a long time to lose and the complex is deep.
1) Design an edge
2) Test the edge
3 Determine if the edge is executable
4 Trade the system

If I recall correctly, it was tradergod then who stated some months ago his reasons for trading short term was for the excitement it brought.

 

[murray t turtle]

If I recall correctly, it was tradergod then who stated some months ago his reasons for trading short term was for the excitement.

%%
Maybe making progress?? Changed his nick name.An elitetrader helped him; nickname trader cod......

 

[deaddog]

i started out like most or many traders,by trying to study market movements, to make 'sense' of them.but after 20 years i have to say that i am no nearer to this goal.

After 20 years have you determined if the problem is the strategy or the trader?