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The NO. 1 Secret Of Success In Trading
- Thread starter MarketAddict
- Start date
again you will learn, everything you have said comes from books and videos. I've been a day trader for over 20 years and I've given up on trying to teach you smart ppl.you think trading is all about buying and selling? you don't think i learn about risk management and position sizing and putting stop loss on every trade that I do? trading you have to learn how to be a good loser meaning take your lost quick and admit you are wrong when the trade goes against you. It is more about preserving your capital and not about making money. All I got to say is this, if all it takes is one trade to blow up your account, then you really don't know how to trade then, do you? Come back for another lesson grasshopper.
again you will learn, everything you have said comes from books and videos. I've been a day trader for over 20 years and I've given up on trying to teach you smart ppl.
Even though I had mentoring and read many trading books and and look at video, I found out what works for me is by looking at tick by tick actions for 1 min, 5 min, and daily charts, price actions, and keep seeing repeating patterns for stocks on my watchlist everyday for the past year and develop what works for me. Also going over and analyt all of my past trades and what mistake I made and learn from it. And even after all this work that I have done there is still no guarantee that I will succeed. But so far I’m profitable. So we will see. You see you think I’m like most beginner, but am I not I assure you that.
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You see you think I’m like most beginner, but am I not I assure you that.
Yeah, like 90% of drivers who believe to be in the top 10%, which mathematically is impossible.
Most people think they are special.
Yeah, like 90% of drivers who believe to be in the top 10%, which mathematically is impossible.
Most people think they are special.
Did u even read what I said? Even though I did all these works, there is no guarantee that I will succeed. So don’t put words into my mouth.
Did u even read what I said? Even though I did all these works, there is no guarantee that I will succeed. So don’t put words into my mouth.
Yes I read what you said. This is what you wrote:"You see you think I’m like most beginner, but am I not I assure you that."
I just repeat the words that came out of your mouth. You are NOT like most beginners. You are "special" (read: better).
Yes I read what you said. This is what you wrote:"You see you think I’m like most beginner, but am I not I assure you that."
I just repeat the words that came out of your mouth. You are NOT like most beginners. You are "special" (read: better).
Let me clarify...I’m not like most beginner where most blown up their account within the first 6 months to a year, don’t have a clear strategy, no risk management, follows others etc.
It's okay to be special. But you need to have some type of proof that you are special. Otherwise it's called delusional thinking.Yes I read what you said. This is what you wrote:"You see you think I’m like most beginner, but am I not I assure you that."
I just repeat the words that came out of your mouth. You are NOT like most beginners. You are "special" (read: better).
Grandiose delusions (GD), delusions of grandeur, expansive delusions[1] also known as megalomania[1][2] are a subtype of delusion that occur in patients suffering from a wide range of psychiatric diseases, including two-thirds of patients in manic state of bipolar disorder, half of those with schizophrenia, patients with the grandiose subtype of delusional disorder, and a substantial portion of those with substance abuse disorders.[3][4] GDs are characterized by fantastical beliefs that one is famous, omnipotent, wealthy, or otherwise very powerful. The delusions are generally fantastic and typically have a religious, science fictional, or supernatural theme. There is a relative lack of research into GD, in contrast to persecutory delusions and auditory hallucinations. About 10% of healthy people experience grandiose thoughts but do not meet full criteria for a diagnosis of GD
It's okay to be special. But you need to have some type of proof that you are special. Otherwise it's called delusional thinking.
Grandiose delusions (GD), delusions of grandeur, expansive delusions[1] also known as megalomania[1][2] are a subtype of delusion that occur in patients suffering from a wide range of psychiatric diseases, including two-thirds of patients in manic state of bipolar disorder, half of those with schizophrenia, patients with the grandiose subtype of delusional disorder, and a substantial portion of those with substance abuse disorders.[3][4] GDs are characterized by fantastical beliefs that one is famous, omnipotent, wealthy, or otherwise very powerful. The delusions are generally fantastic and typically have a religious, science fictional, or supernatural theme. There is a relative lack of research into GD, in contrast to persecutory delusions and auditory hallucinations. About 10% of healthy people experience grandiose thoughts but do not meet full criteria for a diagnosis of GD
The proof is I’m still profitable since I started.
The proof is I’m still profitable since I started.
Proof is only relevant if you have a 3-5 years profitable track record, and a statistically significant number of trades. Both requirements are still missing, so you have nothing relevant till now. At least drawdowns, sharp ratio and consistency need to be included in the analysis as well. The fact that you only speak about profitability shows that you are a newbie, just like all of us when we started trading. 1 positive element (being profitable for 6 months) does not make you "special", for being "special" you need much more.
And even then the evolution of your account should be analyzed. If you have a first year with 250% profits and after that 4 consecutive losing years with total losses of 200%, you are still profitable but nobody will ever invest in your trading.