Multiple "so true" statements in this post. Most noobs are attracted to the flame of dreams seeking instant gratification. Few realize it's a long term project to hone your skills while grinding out consistency.Quote from Handle123:
Now it is so much harder for the new trader coming into day trading with all the different indicators, charting packages and a thousand books all offering dreams. Everyone wants to get rich tomorrow, but trading is a grind to wealth. Doing the same things day after flipping day, pattern after pattern. But for me going from slow decisions to half second decisions was a stairstep. Any job has nuances, and once one learns them, speed increases tenfold.
When you were three, tying your shoes took forever, twenty years later you can do it in the dark.
I traded slowly for a coupla years, aiming to at least beat MM rates while learning. Then I began to cover my bills. By the time the GFC came, I was prepared. In '08-'09 I experienced many weeks of non stop trading (scalping 100-150 trades per day). I functioned through sheer adrenaline flow and by Friday there was hell to pay (14-16 hours of sleep). I miss the exhaustion
