There are 2 types of traders —-

speedo · Apr 8, 2020

El OchoCinco said:
So you are saying there are two types of traders..

1) those who make money
2) those who lose money

Cuddles · Apr 8, 2020

ElCubano said:
Negative, NBA quality basketball players are born and through practice they make the cut. Kinda like the 1% of traders ;o)

bad at it
through practice

pick one

ElCubano · Apr 8, 2020

Here4money said:
bad at it
through practice

pick one

They are born with it and through practice they make the cut. Read it again.

trader99 · Apr 8, 2020

ElCubano said:
Negative, NBA quality basketball players are born and through practice they make the cut. Kinda like the 1% of traders ;o)

I would disagree. My trading results were HORRIBLE! Probably akin to the bottom 1%.

Now in 2020, I regularly make 4 figure days, which from cursory observation would probably place me in the top 1% of daytraders. Of course, I have the occasionally big losses but I recover each time. I'm trading at a level I can only dream of years ago.

I'm definitely NOT BORN with trading talent. It was just through shear HARDWORK and practice that I got to this level.

But I remained humble and can't wait to continue to improve on this trading journey.

ElCubano · Apr 8, 2020

trader99 said:
I would disagree. My trading results were HORRIBLE! Probably akin to the bottom 1%.

Now in 2020, I regularly make 4 figure days, which from cursory observation would probably place me in the top 1% of daytraders. Of course, I have the occasionally big losses but I recover each time. I'm trading at a level I can only dream of years ago.

I'm definitely NOT BORN with trading talent. It was just through shear HARDWORK and practice that I got to this level.

But I remained humble and can't wait to continue to improve on this trading journey.

You’re like Rudy. Congrats.

Turveyd · Apr 8, 2020

danielc1 said:
The statement is a projection of your believes. Maybe you should examine if it is helpfull to believe this? My believe is that 100% of the people will make it, if they just do the right steps without shortcuts.

And live FOREVER EVER EVER even hit by a bus at speed!!

Turveyd · Apr 8, 2020

Trader Curt said:
I think the traders who are in it for the money are the ones that make the 95% and the traders who don't care about the money are the successful ones. When you have a care free attitude and don't expect riches then your trading becomes better, when you sit there and stress about being a successful trader and being a millionaire you only let yourself down. It's all about consistancy, and not about how much you make

Yep, when I sit at screen and GO MAKE MONEY!!! I SUCK ASS!! when I just keep a general eye on and go hey I see a trade, then I make money.

Generally I do the general eye on, build confidence, then go MAKE MONEY and blow all previous profit.

I've accepted this and I just trade casually, but higher amount, 1 or 2 trades per day and move on.

Recently I'll add!!

danielc1 · Apr 9, 2020

Turveyd said:
Yep, when I sit at screen and GO MAKE MONEY!!! I SUCK ASS!! when I just keep a general eye on and go hey I see a trade, then I make money.

Generally I do the general eye on, build confidence, then go MAKE MONEY and blow all previous profit.

I've accepted this and I just trade casually, but higher amount, 1 or 2 trades per day and move on.

Recently I'll add!!

Turveyd said:
And live FOREVER EVER EVER even hit by a bus at speed!!

Do you see how the two comments you make tells you what you believe?
You make money, money money untill you give it all back. That is like live forever ever ever and getting hit by a bus. You make your own rules from what you believe in this business and you trade those rules. Conscious or unconscious...

Turveyd · Apr 9, 2020

danielc1 said:
Do you see how the two comments you make tells you what you believe?
You make money, money money untill you give it all back. That is like live forever ever ever and getting hit by a bus. You make your own rules from what you believe in this business and you trade those rules. Conscious or unconscious...

Not quite the point.

100% will crack this, but some will need to live for ever ever, ie a million years, some will only need 2 weeks but get hit by a bus week 1, therefore never 100%!

I make money when I'm not trying to hard, when I try too hard, then I go crazy and balls it up, everytime, get greedy and boom goes the dynamite, or account.

I still make money, but I only cause I spend a lot of time in rehab / demo, then make, then give some back, then rehab / demo repeat.

SunTrader · Apr 11, 2020

My two kinds.

Those who uhhh ..... trade.

Those who concern themselves about what others are doing, saying or believing.