The Truth About Trading!

[Vindago]

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




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Markettraders, why should you be unable to trade once you reach 1M$ account?

you can scalp Forex with several M$ per trade if you want to, it may come a bit harder for Stocks which do not have that level of liquidity but still, I am pretty sure that I could day trade a reasonably liquid stock with a few M$ per trade if I really wanted to, not that I would ever be interested to do that (what retail trader needs to make 50K$ per trade?), but still...

 

[Vindago]

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'.

Overnight, it is the same old story, it is very hard to do something that do not agree with your personality and changing such personality to do that thing is probably impossible, so why not change the thing we do to fit with our personality?

 

[MrScalper]

MrScalper,

I believe that trading is as easy or hard as the trader decide to make it, which in other terms (or a metaphor previously expressed in this thread) is: if trading is a circle and the trader is generally a square, well, then why not to change (the trading) into a square?

I did just that, I was trying to adapt myself to some arbitrary rules, well expressed in so many threads on this forum (or books that, fortunately, I never read) and failing consistently to follow these rules or to make any money. Then I got fed up and I decided to create my own rules based on my own personality (and my shortfalls) and surprise, surprise, I started to make money and gained confidence (about what I was doing) and made more money, since then trading (and making good money) has been super easy day in, day out...

At the end of the day, you just need to buy low and sell higher (or vice versa) to make money, so incredibly simple!

In other words, you discovered that the majority speak out their rear ends and utter pure nonsense that has absolutely nothing to do with making money

You are of course 100% correct, and for most the awakening comes too late..when they have thrown away most or all of their money by risking way too much in the hope of making "more".

Some things will indeed never change!

 

[Vindago]

well, while I am sad for those pour souls (as I have been there, so I know the pain), I would say good for those few who use their brains and come to see the light...

 

[MrScalper]

Time for a recap.

1. You will meet many "squares".

2. The markets are really a "scam", but can not be called so!

3. Risking too much to make "more" is a sure way to exit the learning curve real fast.

4. Being in the right place at "the right TIME" is worth much more money than you think!

 

[MrScalper]

well, while I am sad for those pour souls (as I have been there, so I know the pain), I would say good for those few who use their brains and come to see the light...

Unfortunately, very very few will see the light.

It took me years of been a fool to eventually wake up, but when you do, not only does your attitude to trading change, but, your whole attitude to life changes!

Be very careful with whom you associate with in life, as it can ruin you financially and emotionally.

Financial independence is far more than having enough money to live on..it is a whole new way of life, where you look at your past "buddies" for what they really are..and see that most of them are just a bunch of clueless dopes

 

[Vindago]

I see your point, but while I struggled with many things in my life, I have been very lucky with my few friends and with my family, still I understand what you mean about how life changes when you can make way more money than you will ever need.

 

[MrScalper]

If you have a few real friends then you should consider yourself very lucky, as they are few and far between!

.. .. ..the root of all evil

Most spend their life chasing the rainbow, only to discover there is no such thing as a "pot of gold".

I know several people with loads of money, but their lives are just terrible and their families in tatters. It can be the worst thing ever for an ignorant person to come into money, as it can ruin their life in more ways than most can imagine.

Why think of millions if thousands will suffice

The truth about trading is that it is just a big game, designed by the clever few to get the ignorant many to part with their hard earned money..sounds familiar does it not

 

[Vindago]

Funny thing is how easy is to "follow" the clever few once you discard your convictions about trading and accept that things are different from what they seems and trading is basically very simple.

Problem is that for most people this is very hard to do, especially when they have invested so much time and energy trying the mainstream path, they will think it is just a matter of founding the next indicator or pattern or do more back testing of their strategy and they will reach the long agonized success.

unfortunately it will never work until they start thinking anew and discard years of reading books, following trading training and so on...

but, when you encounter one of the few that has done that and lack just a few small pieces to get to success and you are able to help them do that last bit it is so rewarding to do what few others did for me. for the rest it is wasted time as they won't believe they will scream and will fight you to stay on their mainstream path, what a pity

 

[Vindago]

Anyway, my 2c for the very few that may be inclined to think differently:

1. the markets are highly manipulated (but we shouldn't say so, right?)
2. Price moves up and down and do so based on the TF of observation
3. know your time, as if you do you will know price as well
4. buy low and sell higher or sell high and buy lower
5. make money...

all you need to start making money trading is simply stated above, no need for indicators, squiggly lines on your chart, edges or other mythical things...

good luck!