The truth is trading is incredibly boring..

[wmwmw]

Not true. Yes, there are a 1001 ways to trade, but you just be to be a master of 1.

Anyways for "talent", I think its a common misconception that an individual has some gods gift and 100% knows everything from the start. I believe some has more predisposition to be a better trader, they have traits like analytical thinking, discipline, patience and emotional control. But that alone doesn't mean they are a winning trader. It's through countless hours of work put in before it bears fruit.



Anyone who you see who is successful, be it an athlete, musician or even a businessman, and who someone assumes has pure talent actually puts a lot of hours of work behind the scenes.

Not true. Yes, there are a 1001 ways to trade, but you just be to be a master of 1.

Anyways for "talent", I think its a common misconception that an individual has some gods gift and 100% knows everything from the start. I believe some has more predisposition to be a better trader, they have traits like analytical thinking, discipline, patience and emotional control. But that alone doesn't mean they are a winning trader. It's through countless hours of work put in before it bears fruit.

Anyone who you see who is successful, be it an athlete, musician or even a businessman, and who someone assumes has pure talent actually puts a lot of hours of work behind the scenes.

As you said, there are 1001 ways to trade, but are all the 1001 ways the same good? Are all of them making 50% annually? It is like NBA basketball players,some player makes 50M a year, some makes 1M a year.You are the player who makes 1 M a year but who doesn't believe someone can makes 50M a year. You have logic problem when you assume all the different ways to trade are the same good and can not exceed 50% annually.Because you have no idea how other people trade and how they profit.You are trying to make conclusion on things you don't know. Some people can profit significantly better than you because they don't stop thinking and stop improvement like you and because they are much more talented than you and can achieve what you think is impossible.
Also when you trade once a week you are bored but when you assume those who trade 15 trades a day are also bored you have problem with your logic.

 

[naturecumforexlover]

Agreed! Consistency in trading is very tough and always vary as per the strategies a trader make.

 

[vincentnyc]

it depends on the type of stonks i trade. sometimes i find it boring and sometimes i find it exhilarating.

 

[SunTrader]

You got me. I fell into this bucket.

So as a proponent of the "trading is boring" I will adjust my statement to say "trading is a lot of waiting"

As long as you are not misreading - my trading is not boring for ME statement - by thinking that means I am saying trading is exciting. And excited trading is some sort of addiction I need treatment for.

You didn't I know. A clueless other did. Not you millionaire.

 

[SunTrader]

Trading a couple of hours every day and quitting with a $ 5k profit is enough for seasoned traders. Neither boring nor exciting!

Not saying you are saying that is me but in any case it is not.

I don't trade just a couple of hours a day (European open to US close) and I don't limit myself to how much the market might give me.

 

[Bugsy]

It isn't something that requires immense skill imo. Once you have a working methodology and you apply it again and again you will see results but the drawdowns psychologically are very very tough.

Besides drawdowns, the hard part of trading is it is very boring. Thus, most people would want to tweak their system everytime searching for some holy grail even if what they have is working which ironically would cause them to lose.

It also requires patience and most people have ADHD. How do people get to 7, 8 or 9 figure portfolios? It is magic of compounding. For someone with $30k he can turn it into $100mil in 20 years with a 50% return annually. But everyone wants to shoot for the moon which often has adverse results.

I transitioned to trading on a tablet because being stuck in a computer chair the entire time staring at my monitor was too much. Being able to take my tablet anywhere with ease is far more manageable. Since my daytrading is primarily intraday swings it only requires quick glances to see if certain signals have been met which doesn't require the added edge my PC provides.

It does mean my tablet must be with me at all times, especially since I trade index futures which falls outside of a rigid US hours system, but being able to watch movies or run errands makes any edge the PC provides well worth the sacrifice.

 

[nodoubts]

x

 

[nodoubts]

Nope.

That sounds like denial, something an addict just might do...

 

[SunTrader]

That sounds like denial, something an addict just might do...

Nope.

Dr Phil much.

Geez how many of you newbs don't know there is a world of difference between boring aaaaaaaaaaaaaaaand exciting.

 

[nodoubts]

Yeah, I thought so. Negativity is not a trait of a winner.
Happy trades!