It's not laughable at all. Rather it's one of the characteristics of a bear market. Many traders have already quit and many more will do so because it will be difficult for them to make money. Those who last, of course, will eventually clean up, but most beginners don't know and will not know how to last.
Stock trading getting worse
- Thread starter silk
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It's not laughable at all. Rather it's one of the characteristics of a bear market. Many traders have already quit and many more will do so because it will be difficult for them to make money. Those who last, of course, will eventually clean up, but most beginners don't know and will not know how to last.
Quote from funky:
db....I am a newbie at this...just have been on a subscription chat room for 2 1/2 months now. I was just observing that good money is being made every day. If you want to know, I haven't made diddly because i've had about 2 months to observe the strategy and the last few weeks i've had triggeritis attempting to switch over to real trading!! So, I have my own problems to work out
But to say that stock trading is getting worse, and that to 'look for traders to all but quit trading equities' is laughable! Maybe its a relativity thing...I wasn't around last year or the years before thatI think everyone should find their own way of making money. If people think the markets are too hard, maybe they are in the wrong market. My personal observation of nasdaq stocks (qlgc, klac, ebay, et al..) are that people next to me are making them into ATMs each and every day. Kinda frustrating, but hopefully I'll join them in their consistency some day...I won't stop until I get there!!!
if your a newbe the first thing you need to know is that in chat rooms the winners are bragged about and the losers arent mentioned.
vhehn, i know this more than anything. i spent more than 1/2 year looking around for a good strategy / mentor for a good strategy. when i narrowed them down, i spent a good deal of time looking at their logs for the previous 5 months (that actually took 2 weeks to go through!!), and backtested them. losers are right up front with the winners, everyone can see them. part of the reason why i chose this mentor is because he and the group that i belong with talk about the losers just as much as the winners.
more importantly, i notice how people on this board try to contest other member's integrity. i don't quite understand this...is it because people are frustrated? i just hope i can help people out with their problems and i can come away learning something that i didn't know before.
thanks for the good advice, you certaintly are right about how people tend to prop up their winners -- you must backtest and prove to yourself that you aren't being suckered, and more importantly, don't rely on just one person's system, just like you wouldn't with one indicator.
Quote from bobcathy1:
DB....I take that crack back about not posting anything useful.
I just took a look at your keep it simple thread. I use that tactic all the time. Works too.
that "tactic" you so easily wave off is a bit more sophisticated than you apparently know, you'd do well to learn "its" nuances.
There are a few people on this forum that accuse everyone of lying. Guess they judge others by their own standards:eek:
Most of us are trying to help and learn from each other.
I really like the futures market better than stocks. Much cleaner market. I want to learn to trade commodities one day.
hmmmm, why would bob say this???? it definitely isn't.......
my take on what he was saying is that lack of volitility and lower share prices allows you to use much bigger size to scalp with.
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