Don’t even bother. Spend that money on a nice holiday, food and wine. Or save them.
The best advice you ever got which you ain’t gonna follow.
The best advice you ever got which you ain’t gonna follow.
Noob with Qs
- Thread starter Apexmaster37
- Start date
Don’t even bother. Spend that money on a nice holiday, food and wine. Or save them.
The best advice you ever got which you ain’t gonna follow.
That's all very nice but everyone is poor today, if not in money then absolutely in lifestyle, trading is one of the few things in the world that allows you to not be some vassel to whoever higher up it is, today that's mostly everyone, which is why it is made almost impossible for anyone to succeed.
This was quoted by endless people of the crowd following the crowd, someone showed it to me years ago and noted, if you look closely there is an almost invisible fence, it was before the article was written.
https://factcheck.afp.com/there-was-fence-which-forced-these-sheep-go-through-gate-australia
That is the world of trading, an almost invisible fence forcing you in to a path, which does not have a good outcome for you unless you know it's there, while everyone is saying look, no fence!
That's all very nice but everyone is poor today, if not in money then absolutely in lifestyle, trading is one of the few things in the world that allows you to not be some vassel to whoever higher up it is, today that's mostly everyone, which is why it is made almost impossible for anyone to succeed.
This was quoted by endless people of the crowd following the crowd, someone showed it to me years ago and noted, if you look closely there is an almost invisible fence, it was before the article was written.
https://factcheck.afp.com/there-was-fence-which-forced-these-sheep-go-through-gate-australia
That is the world of trading, an almost invisible fence forcing you in to a path, which does not have a good outcome for you unless you know it's there, while everyone is saying look, no fence!
Winning in the lottery would also take care of your lifestyle needs, but the probabilities for winning are very low. Trading to amass wealth or even just a living is just as probable for the OP or anyone who are new to this game as it is to win a lottery.
That's not to say it isn't possible, but it certainly is for the few and it will take a ton of work to get there.
All the self-help in the world will not change that fundamental fact.
Probability is low that a person will win the main prize,
that is true.
But people forget about the secondary prizes, of which
there are many.
Take yesterday's $2.04B PowerBall jackpot. In that
game, there were 22 $1M dollar prizes, and countless
smaller ones.
When playing the lottery, especially with such a large
jackpot, people should seek to win a smaller prize.
The same principle applies to trading. If people had
reasonable expectations, they would have a much
greater chance of success.
It doesn't take that much to compound and grow an
account. All that is required is knowledge, patience,
and being consistent.
Do the math. Seriously. Get a calculator and do the
actual math.
BTW, I am referring to day trades.
That is a terrible analogy. The only possible way a comparison to trading can be made to winning a lotto prize is a binary option. You bet a few bux. You are either going to win the option or lose it, but the most you will lose is the few bux. Same with the lottery. You are either going to win a lottery prize, which can be small or huge, but the most you will lose is the few bucks.
When you play a lotto, you do not "play for the smaller prizes", since you do not have an option to play for a smaller prize. You place your bet, and you win what you win, but at least your loss is limited. Your bet IS the stop loss.
In trading you can set your targets to whatever level you choose. You cannot do that with a lottery.
I wasn't even comparing trading to the lottery,
but responding to the previous comment, and
addressing probabilities.
But I'm not a mathematician or statistician.
Playing for secondary prizes is an actual strategy,
have you ever read a book on playing lotto?
Please elaborate on how you can set your targets
in trading to whatever level you choose, since
I specified that I was referring to day trades.
It's in the last sentence I typed.
I'll make it visual for you.
Here I am betting a fixed amount, 20 points is most I can lose, ASSUMING I DO NOT MOVE MY STOP...
But I can go for a small win...
A medium-sized win...
Or a jackpot win...
You cannot do this with a lottery.
Make sense now from a day-trading perspective?
Thank you for your time, but once again,
I was addressing the probability of winning
the lottery to another member.
And you buttinskied with a dissertation that
should have been addressed to them.
I asked you to elaborate on how you can set
your targets in trading to WHATEVER level
you choose.
Instead you brushed me off and then you
posted these useless futures charts.
Take my advice, Cramer, stop spending so
much time on this forum because you do
not provide a pleasant experience, you are
not helpful at all, you are not very good at
elaborating, and I don't need a forum pen
pal right now.
Have a nice evening.