Throwing in the towel before I even traded 1 share

Quote from lpchad:

I’m here to proclaim I am throwing in the towel before I even traded one share, let alone opened an account with a broker. Over the past 3 years I have fantasized what it would be like to live the life of a trader. I have lived it in all of its glory without having to risk one dime.

I fully took on the persona and acted as if I was one – at parties, talking loudly on my blackberry in public as if I was making lots of money so others could overhear me and be envious, and spent many hours reading books on TA, money management and psychology. I spent time outside the CBOT smoking cigarettes looking good to the ladies walking by.

All in all it was everything I thought it could be. Now I shall return to a cubicle and become a ‘yes man’ and massage Excel spreadsheets and manage emails in Microsoft Outlook.
More...


LOL nice work my friend! It is a good life isn't it? However its a shame you couldn't muster up the courage to hike up your skirt, grab your balls and actually sling a few contracts around.....oh well I guess some parts of the business aren't for everyone. :D
 
The OP is a pussy cat...

Sorry bro, but if you've got a good work history, degrees, and skills then you have the perfect back up plan.

If you got the money...

If you got the appetite for taking a risk...

Then you SHOULD trade. If you don't feel compelled, then don't. There are strategies you can tweak to swing trade the trends (which is recommended).

I think you need to stop being a pussy and atleast DIP your toes in. . .

Nobody said you need to trade with 100k.
Try trading $5000 (assuming you have that much ? ? ?)

I have a buddy who just started. I showed him how to use a couple of SMA's and chart patterns, the kid (20) went on to turn 4.5k into 40k in futures and FX. Not bad for a kid!
 
Quote from Jaytrade:

The OP is a pussy cat...

Sorry bro, but if you've got a good work history, degrees, and skills then you have the perfect back up plan.

If you got the money...

If you got the appetite for taking a risk...

Then you SHOULD trade. If you don't feel compelled, then don't. There are strategies you can tweak to swing trade the trends (which is recommended).

I think you need to stop being a pussy and atleast DIP your toes in. . .

Nobody said you need to trade with 100k.
Try trading $5000 (assuming you have that much ? ? ?)

I have a buddy who just started. I showed him how to use a couple of SMA's and chart patterns, the kid (20) went on to turn 4.5k into 40k in futures and FX. Not bad for a kid!
More...

I think you are right Jay. I have well over 5K available that I could lose and not be affected. Perhaps I'll just start with 1 YM contract and work from there.
 
If this is not a joke, then you should not be trading in the first place.

The life of a trader, a profitable trader, has nothing to do with showing off for the ladies, or acting cool at parties.

It has to do with having a passion for markets, and loving the potentially agonizing learning curve.

If you are in it for material reasons, you'd be best advised to not trade one share or contract.
 
Quote from jnbadger:


If you are in it for material reasons, you'd be best advised to not trade one share or contract.
More...

Point well taken, but what's wrong with loving the markets and having some modest enjoyment of the material benefits?
 
Oh absolutely, but you just need to realize that a love for the markets will possibly, eventually get you those things.

Focusing on material things first will lead you to take trades you shouldn't be taking, and keep you from getting those things.

Kind of a crazy paradox, ain't it? :cool:
 
Quote from Jaytrade:

...I have a buddy who just started. I showed him how to use a couple of SMA's and chart patterns, the kid (20) went on to turn 4.5k into 40k in futures and FX. Not bad for a kid!
More...
Would he have done as well or better without the SMAs? (Aren't higher highs and higher lows the best "MAs" for longs and vice versa?)
 
You must log in or register to reply here.
Back
Top