Thank you all for your kind words.
Any other suggest?
Any other suggest?
Recommend to trade for a living ?
- Thread starter Street Trader
- Start date
Stop trading forever
... unless you can get a job working for a successful trader, perhaps doing work he does not want to do. It is unlikely you will be able to do this but this is your only chance.
Buying books and courses will not get you there. Paying for trading advice will not get you there. Paying coaches you meet here will not get you there.
It is obvious from your posts that you are very far from your goal and that you probably have a trading/gambling proplem.
You may get some insight from posting here but please realize most of the posters here are losing traders.
I sense your sincerity. Your posts clearly show your current knowledge and overall condition.
(Kind words about your situation will not help you)
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My 2 cents, as you have obviously given your "dues" to trading in terms of money, screen time and losses.
Clock in at least TWO retreat to the dhamma (dot) org : it is free. They have centers all pver the world. Then come
and report what deep inside yourself, you've discovered what you should do. But actually I am sure you won't give it a go, as you'd prefer for a benefactors to jump on your thread and offer you an "opportunity" with no financial costs from yourself to trade their money, or work a "deal".
Clock in at least TWO retreat to the dhamma (dot) org : it is free. They have centers all pver the world. Then come
and report what deep inside yourself, you've discovered what you should do. But actually I am sure you won't give it a go, as you'd prefer for a benefactors to jump on your thread and offer you an "opportunity" with no financial costs from yourself to trade their money, or work a "deal".
After OPM is what it reads to me, frim the posted track record no way anyone that stupid, are they ?
If serious, get a job, work, put minimal amount required to trade method $500 tops into account, if it starts going wrong way back to demo, right way then carry on and add to account from job until account making more than job, then quit job maybe?
Keep repeating for 5years if your lucky.
I read somewhere that 95% lose trading. Ask yourself, are you smarter than 95% of the traders out there? Were you ever in the top 5% of anything you have done? When you're working in your profession, were you ever in the top 5% in your field of expertise? Be honest now. If the answer is no, "making it" in trading maybe a far fetch. It's not for everyone. Even some pros end up hawking some sort of strategy, preying on newbies rather than trading. The talking heads on CNBC annual return on their model portfolio was negative to 7% return. I guess that's a decent return on a million dollar account, slightly more than average family income.
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So if that's what you think why are you here ?? don't get me wrong your right but ?? why ??
Is it cause a 1:20 chance of making a lot of money and financial freedom is better than Zero chance if you don't try ?? I think so, why I'm here, chasing the dream!!
Warren Buffett is an investor who oversee's a colossal amount of money...it's virtually impossible to make any percentage return that is substantial.
The dynamics for a much smaller, retail trader...changes that whole game, or overall picture.
That logic is flawed -- that's like saying Michael Jordan will be an Excellent trader, since he dominated basketball and those same trails will carryover to trading
Some people fail miserably in one field, but flourish fruitfully in another.
You think Warren sits infront of terminal, or he has staff making trades under guidelines?Warren Buffett is an investor who oversee's a colossal amount of money...it's virtually impossible to make any percentage return that is substantial.
The dynamics for a much smaller, retail trader...changes that whole game, or overall picture.
That logic is flawed -- that's like saying Michael Jordan will be an Excellent trader, since he dominated basketball and those same trails will carryover to trading
Some people fail miserably in one field, but flourish fruitfully in another.
Being at the top of any game is a metaphor. But if you're a loser at most things in life, nothing may help. And there are plenty in this industry causing serious damage to themselves and family.
MJ has enough doe to live through any bad investment, many do not. Now if your hawking some kind of magic snake oil to newbe traders, I understand your reply.
Remember, this is the www, none of this to be taken literally or seriously. Get it?
No, Warren can't make a huge percentage with his say 100Bil, he might make 5% which is 5BIL still, which is a lot, just not as a percentage.
Trading is a zero sum game, you can't make more than what others are losing less a bit more for commisions.
So in order for Warren to make 100% in the year, the pot he pulls from would have to be hugely north of the 100Bil Area being lost, as others dip into those losses for there profits.
I haven't got that issue, of not being enough losses in the pot, I'm so small, I can and do make 100% in a week, why cause $3000 in nothing compared to Billions he's/others are trading.
I've done that kinda return, not repeatly enough yet obviously, but I see no real issue with small accounts being doubled weekly/monthly until they become big accounts then the percentages will reduce but the $$ amount increase, you've just got to get good enough.