The Truth About Trading!

[Turveyd]

It is not hard to make money trading. It is hard to make OURSELVES make it easy to make money trading. Many of us have the tools and the technique. We just don't have our heads on straight. We are our own worst enemies I reckon'.

Totally, I get my head screwed on right from time to time, then it's taking candy from a baby, rest of the timew exact opposite.

Difference being I take my setups which generally work, or i fail and trade against my own setup then generally lose.

Kick this I'm retired pretty quick, will I ever long term keep head screwed on right ?

 

[marketraiders]

it's 'hard' to make 1000%/year returns every year with your $10,000 opening balance.

new and greedy traders want to make 10X their money in one year.. leverage 95%

once you reach $1 million in your trading account, daytrading isn't feasible anymore. and even swing trading isn't feasible

This thread is for ANY PERSON who is interested in discussing why it is so hard to make money trading!

18-24 will find it extremely hard

25-40 will find it very hard

41-50 will find it somewhat hard

50+ might find it easy!

i

 

[Overnight]

...once you reach $1 million in your trading account, daytrading isn't feasible anymore. and even swing trading isn't feasible...

Disagree. The larger the account, the more lots you can trade per position to keep returns the same. It is all proportional, PROVIDED THERE IS ENOUGH LIQUIDITY in the instruments you are trading, that is.

And if you think day trading and swing trading with $1,000,000 is not feasible, then you are saying that trading with $1,000,000 is not possible, period, because that is all there is. Day and swing (and position, but I think they are basically the same). So you are relegating people with more than $1,000,000 to simply investing. This is faulty logic.

 

[marketraiders]

you only have few stocks to 'swing trade' your nuts to put 1 million in one stock or one securities.

your spread or loss is immediately 10,000 loss the moment you make trade trading futures or stocks if you position is 1 million, you know what i'm saying. the spread is way more than $1 in stocks and futures it's even more. the spread is too much for high frequency trading with accounts or positions of more than 1 million.

portfolio managers don't trade or swing trade stocks. you know what i'm saying ,the 'slippage' is too much. for some stocks, you are the market.

Disagree. The larger the account, the more lots you can trade per position to keep returns the same. It is all proportional, PROVIDED THERE IS ENOUGH LIQUIDITY in the instruments you are trading, that is.

And if you think day trading and swing trading with $1,000,000 is not feasible, then you are saying that trading with $1,000,000 is not possible, period, because that is all there is. Day and swing (and position, but I think they are basically the same). So you are relegating people with more than $1,000,000 to simply investing. This is faulty logic.

 

[Overnight]

you only have few stocks to 'swing trade' your nuts to put 1 million in one stock or one securities.

your spread or loss is immediately 10,000 loss the moment you make trade trading futures or stocks if you position is 1 million, you know what i'm saying. the spread is way more than $1 in stocks and futures it's even more. the spread is too much for high frequency trading with accounts or positions of more than 1 million.

portfolio managers don't trade or swing trade stocks. you know what i'm saying ,the 'slippage' is too much. for some stocks, you are the market.

 

[Macca1]

you only have few stocks to 'swing trade' your nuts to put 1 million in one stock or one securities.

your spread or loss is immediately 10,000 loss the moment you make trade trading futures or stocks if you position is 1 million, you know what i'm saying. the spread is way more than $1 in stocks and futures it's even more. the spread is too much for high frequency trading with accounts or positions of more than 1 million.

portfolio managers don't trade or swing trade stocks. you know what i'm saying ,the 'slippage' is too much. for some stocks, you are the market.

Utter dribble.

 

[Money Trust]

It took me a while to figure out that trading isn't so much about mastering the markets or any sort of technique but is almost all about mastering yourself. It took plenty of pain for me to finally accept that fact.

 

[MrScalper]

Are those supposed to be age groups? What does age have to do with it?

As far as I'm concerned 99.58% will fail in spite of them trying so hard with determination to See the Light and putting in the so-called 10,000 hours to be an expert.
Most people are squares...who try to fit into a circle hole -- and vice versa. And wonder why things aren't working out for them.

I equate trading with The Matrix 1999 movie...you kind of have to be aware of the potential support and resistance levels with the occasional breakouts and volatility. Along with keeping an open, flexible mind. Alot of variables to consider that are always in play.

Be a Master of One, not a jack of all trades.
All the great traders in history specialized in something that fits their vision and mold. I'm mainly thinking of retail guys; hedge fund managers are more of investors.

Everything is easier said than done in hindsight -- I'm pretty sure no trader will call trading 'easy'...even though it may look like it from the outside looking in at the few rare successful one's who are raking in money with a rake.

Age brings Experience

Experience brings Knowledge

Knowledge "can" bring Wisdom

You never hear of " a wise young Owl" !

 

[MrScalper]

It took me a while to figure out that trading isn't so much about mastering the markets or any sort of technique but is almost all about mastering yourself. It took plenty of pain for me to finally accept that fact.

Now, if one reads your post it is short and sweet, and straight to the point. What is important is that you have summed it all up in a few lines..no need to write a book about it!

Mr Lugar made one valid point, about squares!

The big question is, why do so many become squares, as the things they do and say would make any sensible person laugh, or cry!

 

[MrScalper]

Recently, I read a short article about how the markets have "changed", which meant that with the recent Fed news, etc, we should have seen a sizeable move down, which of course did not happen yet!

This fuels the belief that the markets are going nowhere but up!

Now, some people will react to such news and make trading or investing decisions based on this and other such news.

What is wrong with this?