OK, I Quit. Trading is Too Tough for Me

[Trvlwanderer]

By reading the OPs posts on aother threads............



I DOUBT HE HAS THE DISCIPLINE TO QUIT.


LOL.

 

[chewbacca]

Quote from Trvlwanderer:


I DOUBT HE HAS THE DISCIPLINE TO QUIT.

great point

a trader that has no discipline in sticking to a trading plan usually lacks the discipline to quit trading because his just doing it for the ego and the action anyway - not the money

he will only quit when the wife threatens to leave, or the home goes into foreclosure, or gets "escorted" off the trading floor, etc. etc. etc.

 

[Elite Loser]

if making millions was easy, everybody would do it.

just bear in mind that Nick Leeson still buys stocks from time to time

 

[burst]

Quote from ljmlmvlhk:

Here’s a leg up for struggling traders.

Don't listen to this guy, he is one of Hershey's drooling morons and has never seen a profitable day in his life

 

[Hubert1635]

Quote from asap:

there is no alternative to trading i am afraid.

even if you decide to get a (normal) job, you'll find yourself gambling your career, your paycheck and your family security each a every day and most of the time you'll have no control over your future. this is exactly like trading but with a huge cap on earnings. hence, you'll find yourself trading anyway.

life is a gigantic gamble for every human being. from birth to death we're constantly facing challenges which have dramatic impact in our future and there is way no avoid them, as they are part of our inevitable pathway.

saying that "trading is not for me" is like saying i am not into living or at least not into enjoying my life, because that's what life is about. trading is just one of these gambles that once we joined we should not abandon. it is like throwing the fucking towel before the combat.

just do what pleases you more (say work for someone else, etc.), but whatever you'd do, don't quit trading altogether. a loser in trading is very often a loser elsewhere. if you put up a fight in trading, you'll be boosting your self esteem which will dramatically improve your performance in every other aspect of your life.

Well done asap.

 

[pennystocker]

You need to hone your sense of the prevailing sentiments on all fronts: economy, market, industry, stock, intraday volatility. THis gives you focus and conviction so you can be ruthless in your trading. Step in when the opportunity presents itself and take money out when they show you the money . I am a small guy but I am building steadily with this strategy, if you can call it that.

 

[Aisone]

Trading is not for everyone, and don't let anyone tell you it is. Focus on these things:

Understanding
Approach
Discipline

You need to show atleast some continued growth in all 3 areas and if a beginner finds they can't after a while, then they need to get out. Confidence will come with successes (not just financially but also in these areas) so I wouldn't worry about it too much yet, but you've got to gain ground now in the things that are in your control, or else you should do something else. And if you keep trading, trade small until you're comfortable with the growth you've achieved so you continue to be challenged, but aren't risking much in the meantime.

 

[Wrongside]

It sounds like you want to be talked into staying.

 

[wee man]

Quote from 4DTrader:


So I have decided that trading is not for me. I quit! I will not trade anymore! I don't want to spend several more years doing this (I heard it needs 5 years, too long for me).


Any comment is welcome.

Here is my comment - You dont fucking deserve to succeed!

 

[Epiphany]

Quote from 4DTrader:

People told me I needed a plan, so I made a trading plan.
But I changed my plan hundreds of times literally, because I changed it every day after a losing or winning day, and I have traded actively, part-time, for one year since May 2007.

People told me I needed to follow the plan, so I put the plan between the monitor and me, and I stared at the plan every minute.
But I just couldn't follow the plan. As soon as I entered a trade, I forgot the plan, ignored the plan, and started to do whatever I was led to do.

So I have decided that trading is not for me. I quit! I will not trade anymore! I don't want to spend several more years doing this (I heard it needs 5 years, too long for me).


Any comment is welcome.

What else is there left to say?

You are a quitter, and a loser.

It is one thing to give up on trading because you realize it's not your passion. To each his own.

It is another thing to have trading as your passion, but then give up because you don't want to spend more time (up to 5 years) to hone your craft.

When a girl complains: 'I am sick of boys, I want a man.'

This is what she's talking about