Questions About Being A Trader

Turveyd said:
That's only because of the stupid you need 20k just to start or your under funded and you will lose, guess what at first you will lose what ever you have and more,

Stocks i was up 24k, Options 16k based on taken out vs put in, options eventually killed me, hence the move to forex. Yes i spent it all having fun.

Day trading worst case - 3k, currently at +4k.

So if your sensible you can put in $100 per month and learn with that so keeping you learning curve on the cheap side.
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Your logic is faulty: on one hand, 20K is underfunded; on the other, you suggested on $100 to start.
24K and 16K may seem a lot to you, but it is not to those who make huge profit like almost printing money.
Don't be so arrogant: IQ136 is just moderate. In my more than 10 years of professional career at Harvard, I work with close to 100 MIT Harvard graduates and I mentored some of them.
 
jl1575 said:
Your logic is faulty: on one hand, 20K is underfunded; on the other, you suggested on $100 to start.
24K and 16K may seem a lot to you, but it is not to those who make huge profit like almost printing money.
Don't be so arrogant: IQ136 is just moderate. In my more than 10 years of professional career at Harvard, I work with close to 100 MIT Harvard graduates and I mentored some of them.
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See morons who claim to be from Harvard don't understand you can learn via forex for $500 opening min then add $100 per month as required.

That's why the big money is lost then people give up and walk away, that's what they want, give away your savings and never try again.

136 about +30 on you :)

Not huge amounts but was fun at the time.
 
Turveyd said:
See morons who claim to be from Harvard don't understand you can learn via forex for $500 opening min then add $100 per month as required.

That's why the big money is lost then people give up and walk away, that's what they want, give away your savings and never try again.

136 about +30 on you :)

Not huge amounts but was fun at the time.
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You are wrong again: you can learn to trade Forex as little as $50 or less with Oanda. http://fxtrade.oanda.com/why/

I somewhat feel silly at such kind of meaningless debate with you. Lets move on.
 
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Turveyd said:
As a fellow lazy person, I'm going to say that if you want to be lazy that's fine, there is more to life than fast cars and spending loads of money on crap, I work part time hours for a full time ish wage and supplement it when bored by trading.

Was trying to phase out work altogether just to trade, but got offered more money and hoped fixed Min and no work to do, but alas there making me work for it, in the short term :(

I treat trading as a part time hobby, although I mastered Stocks 18years ago quite quickly swing trading wise, day trading is tricky been at that 10years already, didn't get good till approx 18months back, but didn't really take it to seriously some years not more than 5 day trades.

IQ 136 and I'm a good programmer, although I don't code trading systems, too much like my day job!

Try trading, but it's a bad gamble if it's your ownly option, so keep your options open.

Maybe you'll be good at it instantly ?? I was with Stocks pretty much!
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Most programmers are lazy lol. Don't you guys basically write code so you don't have to do something the long way again.

Also so everybody here trades on their own, nobody actually works for a Prop Firm?
 
HighFrequencyBum said:
Most programmers are lazy lol. Don't you guys basically write code so you don't have to do something the long way again.

Also so everybody here trades on their own, nobody actually works for a Prop Firm?
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Only lazy work wise, I pay hard :)

Prop firm traders aren't going to waste time on ET the ones who claim they do are likely lying.

MIT LOL
 
countercountertrend said:
Romantic perhaps but its absolutely logical. If your goal whilst you are trading is to make money, you are setting up expectations and you your trading becomes affected by your pl. You are disappointed or frustrated when you have losing trades or are in loss (leads to undercontrolled trading). You become scared when you are up money or are near equity highs (overcontrolled trading). Whilst it may be your goal to make a ton of money, money cannot be in the equation whilst you are actually trading.
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I detest losing, always have and always will. I design systems based on risk, keeping it as close to under 1% as possible, doesn't mean I always succeed, so it comes down to acceptance there after. I been at the "game" a very long time, I love the game and I do find it frustration to lose. I don't find anything Romantic about this, it is often long hours and at times a job to keep getting bad results, but one step closer to what I am trying to accomplish.

If you are trading for ANY OTHER reason than to make money, you are doing it for the wrong reasons.

All of this comes down to if you don't have a sound Trading Plan, you more often going to lose, plain and simple, nothing romantic throwing away several thousand bucks, it be better spent planning a cruise with your mate and having the time of your life than spend months of dreaming of being on a cruise after you make it.

I don't think about the money at all when I am trading, my platforms were written so I never know how each signal is doing, concentrate on being the monkey, remembering the rules, watching the clock, hearing Jeopardy theme song.
or

And when it over it is
 
Handle123 said:
If you are trading for ANY OTHER reason than to make money, you are doing it for the wrong reasons.
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How crass..., vulgar..., utterly barbaric - to trade only for the purpose of making money

And here I thought you such a genteel man H123



You people need to gtfu and get a clue - or he.., I..., and a few others - will end up with your money - and not think one damn thought about it


RN
 
Redneck said:
How crass..., vulgar..., utterly barbaric - to trade only for the purpose of making money

And here I thought you such a genteel man H123



You people need to gtfu and get a clue - or he.., I..., and a few others - will end up with your money - and not think one damn thought about it


RN
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RN,

I would have "one damn thought" about it, how did I allow you to take any? ROFLAMO

H123
 
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