Reasons for trading difficulties....

[CSEtrader]

Seriously. Just went on a single date with some dingbat, and she said something like "You should be grateful for your success" and "Look at the people who have nothing". I replied "I don't look at those people, I look at the people who have more than me". A little greed is good, and it doesn't make you inhuman.

I do not call it greed at all - it is respect and valuation for what we have sacrificed in order to be where we are and knowledge that it is also open to them.

 

[Vuu]

Vuu,

Trading is a life long journey, similar to life long journey as working as Engineer.

Exactly, you get to learn everyday and from new folks in your line of trade or business.

 

[ironchef]

no... but I figured out long ago it's a waste of time... the formula of positive sum game+ save invest + catch super cycle is the way to go.

positive sum is simple... get a job... unemployment rate at all time low... get a job.. instead of wasting time on ET, up your marketability and get that salary up from 50k to 100k to 200k etc.
save / invest is simple.. brew your own coffee don't buy starbucks.
catch super cycle is skill + luck... currently with 10-year at 2.6% while SP forward yielding 6% I think we are in the middle of the cycle and are going much higher... but you need to have this belief so when they shake the tree very hard you don't panic and sell out.

Trump has 6 more years, so QQQ should have a double in it by the time he is done.. the most pro-biz prez ever... then maybe ivanka takes over and there is another double in it?

you stick with it, should be set for life in a few years..

that's how you do it.

Trump has 6 more years? As @murray t turtle said: Not a prediction?

Sir, you forgot this is a trading forum. Lots of day traders among us, don't want to hear about swing trade let alone long term investing. Super cycle be damn.

 

[ironchef]

It's the safest path and a great one if you come from old money, but the average working Joe will never beat time unless they stick their neck out in some form. With cost of living, most can't scrape together $100-200 a month of wage income to invest long-term.

Statistically, few of us can claim to come from old money or even semi-old money.

Saving is a state of mind. You may be dirt poor but can saving a few quarters a month to start. Or you can make multiple millions and be hand to mouth and not been able to save a dollar.

 

[murray t turtle]

It's the safest path[quote concerning investing regular in S&P 500/SPY/VOO ]and a great one if you come from old money, but the average working Joe will never beat time unless they stick their neck out in some form.

With cost of living, most can't scrape together $100-200 a month of wage income to invest long-term.

%%
I like pets+ feeding wild birds,wild bird feed.
But lets face it; many would rather feed pets/spend billions on pet food[USA]- than invest.So while i see your points; that is a personal choice to spend billions on pet food rather than budget/invest.
This is not an anti pet post.LOL

 

[ironchef]

%%
I like pets+ feeding wild birds,wild bird feed.
But lets face it; many would rather feed pets/spend billions on pet food[USA]- than invest.So while i see your points; that is a personal choice to spend billions on pet food rather than budget/invest.
This is not an anti pet post.LOL

For me I blame Starbucks. We would have more millionaires among us if everyone make their own coffees instead of buying a couple of cups of Starbucks a day, in place of budget/invest.

OK don't take me too seriously, I am kidding.

Have a good day @murray t turtle, you are a great philosopher.

 

[Overnight]

For me I blame Starbucks. We would have more millionaires among us if everyone make their own coffees instead of buying a couple of cups of Starbucks a day, in place of budget/invest.

That is so inconsiderate. Where does it leave the rest of us, who do not drink coffee? *rude gesture to ironchef. *

Yes, iron, there are people in this universe who do not drink coffee. Covfefe? (sorry)

 

[murray t turtle]

For me I blame Starbucks. We would have more millionaires among us if everyone make their own coffees instead of buying a couple of cups of Starbucks a day, in place of budget/invest.

OK don't take me too seriously, I am kidding.

Have a good day @murray t turtle, you are a great philosopher.

%% LOL
Its like Charles Schwab did an ad noting you would have about $250/+more in your Roth account if you skipped potato chips+ invested that in Roth I would rather have chips or popcorn. LOL. $5 bucks for coffee?? LOL I did invest about $00.55 cents for XOM trader's coffee once- usually brew or microwave my own LOL. And buy gas from MRO, XOM, SRDSA, MUR. NOT a stock tip; not a coffee tip.

 

[krugman25]

“The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.” -Jesse Livermore

My interpretation, counter intuitive trade management.

I know there are a lot more dynamics to successful trading, but this is a big one.

 

[ironchef]

That is so inconsiderate. Where does it leave the rest of us, who do not drink coffee? *rude gesture to ironchef. *

Yes, iron, there are people in this universe who do not drink coffee. Covfefe? (sorry)

Then just skip tea, soda, bottle water.... drink from the water faucet instead of buying those.