Profit is directly proportionate to how poor you are $50 profit to someone is the same as $20k to someone else.
I was sub $500 for years to, best not to feed them too much with our losses.
Tell me your biggest win or loss
- Thread starter 1shooter
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Profit is directly proportionate to how poor you are $50 profit to someone is the same as $20k to someone else.
I was sub $500 for years to, best not to feed them too much with our losses.
It's just a matter of numbers, 1% of 100k is ten times that of 1% of 10k. As you grow your account, the size of your wins and losses will grow too. Then one have been trading for a long time one gets abstracted from it, you cease think of it in terms of money, it's just numbers on a sheet/paper, it's just score points..
The learning process never stops, every trader must find their own way that fits their own personality, and there is many roads to rome.
i can turn you on to a good book lol. I bought a copy for some guys that i thought where pretty smart, they gave up because it was a bit to complicated.
You did share something nice with me though man. I been going over all the biggest winners and losers each day to start retracing some patterns. (not as much as i should)
But basic physics of the universe works i got down. But for life of me i can't figure out the freakin Kardashions I mean how do they trick people to watch them.
Getting ahead isn't that the dream. I had a similar experience. Mcdonalds has a monopoly game. I peeled a piece off that was like archway 100k. I make 50k a year so this is a shit ton of money. The guy at work didn't believe me so he asked to see it. I said " I am going to hand this to you and if you flinch act funny or do anything i think is messed up, i am going to break your jaw" I told him " i am not kidding i really will break your jaw" So i was excited and handing it to him as he was sitting down he was like 5'8" 180lb. I am 6'2" 225lb i hovered over him like goon. He said he never been so scared to hold something in his life. It was worthless a new set of pieces lol. yeah the universe does have a way of mocking us.
If i am viewing this right, your investing with $300. I swear i don't mean to be rude, but you will never make any money with starting out with $300.
You can learn a boat load though and if that's the mission then a bit of money on the line while your learning i guess can make it fun. But if you really trying to make money with a couple hundred in the stock market the fees would eat you before the day is out.
I would turn my thought process to ebay or another site where you can buy and sell something with higher faster returns. And a paper account. I swear i am not trying to be rude and best of luck to you man.
That some nice numbers, i am personally terrified of penny stocks.
What ever you put in for the first few years, you'll lose simple as, be it $3000 or $30,000, I've seen people lose 100K in less time than my $300 used to go, they get into a hole, they refuse to take the loss, add more and more contracts and boom all gone.
Even when all I had was $300 on a good day I could make $100 in a day, get consistent well I turned $600 into $10K just in about 12months part time, FX and DAX trading.
Sadly fell off the able to trade wagon and scratching around for a new plan for about 1 year
Also busy busy so not enough time to focus on trading.Well i will be more than honest, i know nothing about futures and options. Something to read in the future. I am going to try to learn as much as i can over the next few years. I suppose with high risk you can make it grow. I don't mind loosing i just don't want to give up my shirt. I probably will just stick with blue chip stocks, till i get a much better feel for this world.What ever you put in for the first few years, you'll lose simple as, be it $3000 or $30,000, I've seen people lose 100K in less time than my $300 used to go, they get into a hole, they refuse to take the loss, add more and more contracts and boom all gone.
Even when all I had was $300 on a good day I could make $100 in a day, get consistent well I turned $600 into $10K just in about 12months part time, FX and DAX trading.
Sadly fell off the able to trade wagon and scratching around for a new plan for about 1 year
Forex account in the $300 area, ie FXCM, I traded stocks AGES ago, literally AGES, a lot of charts to watch, news to read it's a full time job, but made good $$$'s so worth it maybe ??
SEC rule that came out, 16+years ago ruined it for me sadly