Well, actually no, what one man can do, an army can't do.
Trading is the game where only the few can achieve, it will always be this way.
No day trader on this planet can make yearly profits
- Thread starter teewoods
- Start date
Trading is the game where only the few can achieve, it will always be this way.
Agreed. It's an arduous task. I think "only the few" have the resources (i.e. energy, focus, significant time, adequate capital, etc.) and determination to acquire the necessary skills and character traits, and to deal with opportunity costs along the way.
I suppose some of the dropouts find solace in meeting other persons who agree with their sentiments that a task is impossible. And there will always be people who decide to leave trading but can't leave it alone. Hence, the monthly "anti-trading" threads.
"What one man can do, another man can do", is not the same as saying "what one man can do, any man can do."
https://www.elitetrader.com/et/threads/new-2018-pictures-of-your-trading-stations.324110/
https://www.elitetrader.com/et/threads/pictures-of-your-trading-stations.43661/
Are talking about the trading station threads? Some of those setups are pretty awesome.
L
lovethetrade
Everything is noise if one doesn't understand what's going on. Is every signal that doesn't turn out to be profitable, noise also?
There's no such thing as market noise IMO—the real noise is people with influence giving misguided opinions that destroy the hope of others.
If something is possible, anyone with some academic ability knows how to do it, apparently—or at least that's what they want you to believe as a defense mechanism for their fragile egos.
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Elitetrader is not the only trading forum on the planet. Thus, he could be actively posting elsewhere or actively posting on social media like twitter, stocktwits or tradingview the last few years.
Also, he's making his comments at a forum that typically caters to day traders. Simply, if he's preparing to stop day trading, take a new job outside of trading...doesn't make sense to be actively posting at a day trading forum.
Yet, one would need to wonder why someone would hang out at trading forum if they're no longer trading...any kind of trading...daytrading, swing trading or position trading. It would seem somewhat psychotic unless he plans to get involved in trading soon in the future.
Further, nothing wrong with investing if that's what he meant by "long term" when he recommended it. Its a good way to help minimize risk of ruin when also day trading.
wrbtrader
Day Trading is difficult. Yep, so is qualifying for astronaut training, removing an appendix, arguing a case in front of an appellate court, negotiating a merger between two public companies, earning a living as a professional athlete. Of course there are significant barriers to entry for those professions, many hurdles to clear, a great deal of work done and credentials earned. Trading?...slam some peso's in an account and there you are. What would you expect the failure rate to be? It takes a lot of time and effort both technically and personally to succeed and most will not do what it takes. It's a lot easier to say it can't be done.
The technical aspect takes a lot of time and effort but the most difficult for many if not most is the personal development. In order to work on discipline and behavior requires a hard look in the mirror to face one's deficiencies and weaknesses. You can't bullshit your way through, no office politics to play, no one to condone or agree with excuses. You either do what it takes or you fail...as most do.
The technical aspect takes a lot of time and effort but the most difficult for many if not most is the personal development. In order to work on discipline and behavior requires a hard look in the mirror to face one's deficiencies and weaknesses. You can't bullshit your way through, no office politics to play, no one to condone or agree with excuses. You either do what it takes or you fail...as most do.
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The quote is "what one man can do another man can do"...if one person can do it then a second man can do it. nobody said shit about an entire army...and we all know that "only the few can achieve"...which goes back to my original post in this thread stating that only a handful of guys on this entire site made good money.
the dude who posted the video was just offering some encouragement saying it is possible.
More gold from @speedo.
"The technical aspect takes a lot of time and effort but the most difficult for many if not most is the personal development. In order to work on discipline and behavior requires a hard look in the mirror to face one's deficiencies and weaknesses. You can't bullshit your way through, no office politics to play, no one to condone or agree with excuses. You either do what it takes or you fail...as most do."
Most will cruise right by this as they think they have their personal shit together. They don't, they just don't know it yet.
"The technical aspect takes a lot of time and effort but the most difficult for many if not most is the personal development. In order to work on discipline and behavior requires a hard look in the mirror to face one's deficiencies and weaknesses. You can't bullshit your way through, no office politics to play, no one to condone or agree with excuses. You either do what it takes or you fail...as most do."
Most will cruise right by this as they think they have their personal shit together. They don't, they just don't know it yet.
For me, the secret is to never stop operating, even in small quantities to always have the mind in the market, and dominate the long and medium term before going to intraday, if you have other income it is easier to introduce yourself little to Little in the intraday. It is a very long marathon of many years and it has to be your passion and your obsession, otherwise it is very difficult to achieve it, in addition, probably the people around you will not understand it, they will qualify you as a ludopata and try to take the idea from your head . The only way: Believe in yourself and never give up.
Operación de hoy Se puede lograr, gracias Speedo.
