Regarding the "I'm a Loser" threads

[Baruch]

Quote from harrytrader:

The greatest traders have began being losers. Even the great Jesse Livermore has been ruined at his beginning. Even Gann. Gann said in fact that losing motivated him. As for me I would never discover my model if I had not being washed exactly in the same circonstances as Jesse Livermore that is to say he didn't understand at first why after being so successful he suffered terrible losses. So you have to take some distance to understand why. Now of course not every losers will learn the lessons, so it will depend on people attitude and / or capacity to react to their losing situation.

Jess Livermore also died ruined (he shot himself). Gann also died without a penny.

 

[buylo]

Quote from fl_trader001:



The reason why you want the lifestyle of a full-time trader is obvious. You can be your own boss, hang out all day making a fortune at a ridiculously easy job. It eliminates the need to go find a "real job", and the gambling thrill is very seductive.

You sound a lot like Don Leprie or that optionetics guy. No matter what job you take I hope you have dreams of becoming wildly successful, whether it is trading or bagging groceries.

Seriously, you think this is easy? Trading, if treated like a real job, is another way to pay the bills. If you treat it like gambling thinking, "well it will either go up or down," the results are obvious. You really think I would waste precious time and stomach ulcers on flipping a frickin' coin?? Puulllleeaaasee!

You can't handle the truth! We use words like patience, discipline, and profits. You use them as a punchline! Either way I don't give a damn what you think you are entitled to.

But, if you are diligent in your research and continuously work on your discipline, then trading can be an extremely rewarding career.

"The glass I drink from may not be large, but at least it is my own."
--- some guy I can't remember

Now get back to your cubicle and get those reports done!!