throwing in the fkin towel!!!

What small business can any of us start & operate with potential for six or seven figure returns, that has an individual success rate above 50% for five years or longer?

Why do flailing traders insist on espousing over and over and over again how tough this profession is? Of course it is... who ever said it wasn't?

But to make a blanket statement that infers or states that trading success is impossible would be factually wrong, period.
 
Quote from austinp:

What small business can any of us start & operate with potential for six or seven figure returns, that has an individual success rate above 50%?

Why do flailing traders insist on espousing over and over and over again how tough this profession is? Of course it is... who ever said it wasn't?

But to make a blanket statement that infers or states that trading success is impossible would be factually wrong, period.
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I dont think word "impossible" was used...
 
<i>"so all u people with a edgu-ma-cation, use your common sense and wake the frig up!

you will FAIL!

9 outta 10 do... what are the odds u being that one ? huh.. com'on... who u kiddin?"</i>

That pretty much infers the definition of impossible. If the term "impossible" were black, that opening post is two gray shades short of black.
 
Quote from austinp:

<i>"so all u people with a edgu-ma-cation, use your common sense and wake the frig up!

you will FAIL!

9 outta 10 do... what are the odds u being that one ? huh.. com'on... who u kiddin?"</i>

That pretty much infers the definition of impossible. If the term "impossible" were black, that opening post is two gray shades short of black.
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hence the reason the phrase "losers game" may have been used...but far from impossible...good luck..i dont mean anything negative by it...
 
<b>El</b>, I'm just confused why two forum members who've been here five - six years feel the need to say how impossible the profession of trading is. There has to be 100s of identical thread starts in the dusty archives.

Does anyone ever have anything positive or uplifting to share? I read back thru the history of posts for different people sometimes. Try it... and keep track of how many posts have a positive theme versus a negative theme.

You will see distinct patterns... most of the struggling traders have nothing but biting, sneering, sarcastic, caustic tones to their posts on every topic & subject. Is it any wonder their negative expectancy for trade success is blossoming into fruition?

Successful trading is very difficult. True. Successful trading from a negative mindset is impossible. Fact.

For those who think trading is a fool's game, waste of time, sucker's bet, etc... why even frequent this site at all?
 
What is an average net worth of an average Joe The Retail trader? Can that Joe afford to start a business (not a home based venture) or at least buy into a franchise where they will be spoon fed for a substantial fee? I wouldn't be surprised if same ~99% that end up as losing traders would fall into that category. How many can turn $50k into $100k? That takes knowledge, skills & an ability to see value (can't short sell cars :)) Though these Joes think they can successfully trade a $50k account on high leverage & see green every day as if it was a friggin wage based occupation.
 
The bottom line is 95% of all people are not going to be successful at anything if you define success with dollars. Does that mean we stop trying? I don't think so.
 
Quote from austinp:

<b>El</b>, I'm just confused why two forum members who've been here five - six years feel the need to say how impossible the profession of trading is. There has to be 100s of identical thread starts in the dusty archives.

Does anyone ever have anything positive or uplifting to share? I read back thru the history of posts for different people sometimes. Try it... and keep track of how many posts have a positive theme versus a negative theme.

You will see distinct patterns... most of the struggling traders have nothing but biting, sneering, sarcastic, caustic tones to their posts on every topic & subject. Is it any wonder their negative expectancy for trade success is blossoming into fruition?

Successful trading is very difficult. True. Successful trading from a negative mindset is impossible. Fact.

For those who think trading is a fool's game, waste of time, sucker's bet, etc... why even frequent this site at all?
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Again i have not said anything even remotely implying it is impossible...i am saying that the success rate in and of itself makes it a losers game ( loser meaning not making it , not that you are a loser )....does that not make sense to you?? meaning that if you get 100 people chances are that 100 people will fail...im not saying that 5 people wont make it...but im betting on 100 people will fail..making it a losers game...just like when u play black jack the house has the edge im not saying you cant make money playing it im saying that the odds make it a losers game...capiche..and the only reason i come to ET is to read posts from the likes of triple AAA and pabst prime ( a.k.a pabst )....you want to increase your odds learn how to pick out which penny is going to run on a pump and dump ( now thats a fucking edge)... peace
 
Quote from ElCubano:

Again i have not said anything even romotely implying it is impossible...i am saying that the success rate in and of itself makes it a losers game....does that not make sense to you?? meaning that if you get 100 people chances are that 100 people will fail...im not saying that 5 people wont make it...but im betting on 100 people will fail..making it a losers game...just like when u play black jack the house has the edge im not saying you cant make money playing it im saying that the odds make it a losers game...capiche..and the only reason i come to ET is to read posts from the likes of triple AAA and pabst prime ( a.k.a pabst )....you want to increase your odds learn how to pick out which penny is going to run on a pump and dump... peace
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Life is a losers game. We all end up dead. What you do with that life determines your success. Anyone with drive will be successful at something. You just have to find out what that something is.

There is no question trading is difficult, but when you really get down to it, anything that has worth is difficult. That is why it has worth.
 
Quote from HolyGrail:

Life is a losers game. We all end up dead. What you do with that life determines your success. Anyone with drive will be successful at something. You just have to find out what that something is.

There is no question trading is difficult, but when you really get down to it, anything that has worth is difficult. That is why it has worth.
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brilliant....well said
 
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