Most people are also negative towards learning about finance and becoming financially literate even though it's as important as ever to be so. Let them be and just do you.
People are negative about trading
- Thread starter Jdesey
- Start date
In other words, most people are lazy, non-intellectually curious, they just want easy. That's how they become part of the 90% (sheep) that get slaughtered. Insiders call them "peasants."
Trading isn't just about finance or technicals either, it's even more about understanding how the market is manipulated, 100% of the time and knowing the counter moves. Happy trades!
Trading isn't just about finance or technicals either, it's even more about understanding how the market is manipulated, 100% of the time and knowing the counter moves. Happy trades!
I think maybe its how people's brains are wired. For some mathmatics & finance is scary.
I can remember as a young boy and young man looking at the finance pages of the newspaper and thinking, "sheesh, I havent a clue what they are talking about, I can't understand even one paragraph of what they are saying".
Sometimes we get where we are by luck.
For me luck was I flunked school leaving certificate and needing to go back to school another year to repeat it and that year coming top of class in maths which inspired me to enjoy maths.
Another was luck buying into a financial trust fund one year at the height of a roaring bull market and pulling my money out at the top where I made 50% profit which inspired me to start trading.
It's little jolts of luck (good or bad) which often steer us into a direction (good or bad).
Don't discount your own hard work to get back and straighten out your schooling, apply yourself properly with a new mindset. That life experience of seeing something through means personal growth. Rolling up your sleeves and doing what's needed speaks well of you. People whine because they aren't willing to do the same. This is not my quote, but a nice fit here.
"The harder I work, the luckier I get."
No need to explain for other people, they are who they are, you're different, so you can do what they can't. If you want better results, simply ask and work on craft.
In the markets, the big thing to understand is...
"Technicals and fundamentals don't move the market. Humans do." That IS my quote. And now I will prove it.
Take any stock. It's dead on a given day, no volume whatsoever. The technicals, PE ratio, all the fundamentals are what the are at that moment. The whole day has no volume, the price remains flat.
Take the same exact day, same stock, exact same technicals and fundamental, nothing different. On this day, hedge fund XYZ and MM ABC need to dump inventory, they're in trouble in a big way. At 7am, with no pre-market volume, they hit every buy order, sending the share price skyrocketing up. Traders jump in. At 8am, before the ticker's company even opens for business that day, they drop a massive sell order in, dropping the price far under the open.
Another example. Look at AMC today. No theatres were open at 9am, but from 9am to 10am, the share price went from 28./share to 34./share, then back to 27./share by 10am, all within one hour when the company wasn't even open for business, with no news.
What moved both stocks? How did any technical of any sort have anything to do with moving these stocks? They didn't, since they never changed. All the math in the world would not have given you a clue. Instead, if you read and traded the MMs intention, you'd make a nice profit. I know I did. MMs never use technicals, they never trade them, since humans move stocks, not "business math" of any sort. All of that is bait, nothing more.
All this is to say, if you trade the pumper's intention, understand what they do and how they do it, you'll make more and grow your account much faster and more reliably. Simply ask what you don't know, fill in the blanks, and build your craft.
Happy trades!
To the OP:
People are negative in general, it does not
matter whether it's about you trading or
anything else.
You are not obligated to tell people you are
a trader unless it is your lawyer, accountant,
banker or someone else who needs to know.
It's none of anyone else's business how you
earn your income.
Besides being negative, people are jealous
when they think you are rolling in dough with
very little effort. It's human nature so don't
let them get you down.
Try to associate with like-minded people, even
if it's here online. Profitable traders are not
negative about trading.
People are negative in general, it does not
matter whether it's about you trading or
anything else.
You are not obligated to tell people you are
a trader unless it is your lawyer, accountant,
banker or someone else who needs to know.
It's none of anyone else's business how you
earn your income.
Besides being negative, people are jealous
when they think you are rolling in dough with
very little effort. It's human nature so don't
let them get you down.
Try to associate with like-minded people, even
if it's here online. Profitable traders are not
negative about trading.
I could not agree more. Very well put. The big reason not to discuss trading (much how veterans don't discuss battlefield experiences except with other veterans, since they are the only ones who will actually understand). People have no idea the effort it takes to trade, the work you have to put in to do it well. It looks easy, but as we all know, you earn every dime, the hard way.
Nice job, bro'!
Nice job, bro'!
My one of the reasons join ET. I find this ET forums very helpful
I think an extent fear of talking about money and finances is learned behaviour from parents and other peers though. Money is so often seen as a taboo subject matter as you grow up and then you're thrown out into the big wide world and expected to learn quickly. Remove the stigma around discussing money and finances at a younger age and you remove the fear.
Problem solved! Congrats.
What is your conversation counterpart good at? What's their forte?
What's important to them?
What do they know?
Before I figured out how to trade options I did an HFT experiment where I took $250K and turned it over so many times that my tax bill came out to $10 million something proceeds and $10 million something costs over the course of a month or two and ended up only losing $4000 before I realized that other players had the HFT game locked down and there was no competing there.. my neck hurt so bad I was sweating bullets when I turned that thing on, I could damn near feel the earth turning and all the industrial chaos, it was pretty intense but ultimately disappointing because the model had to have more than just speed to be competitive.. I did it as a bit of an experiment, just curious..