Too Many Traders Are Cry Babies...

[MarketAddict]

Yep. That was my point. As long as you are willing to pay the price and constantly learning and improve, then you'll get there.

What is the end goal of your trading? To make millions per year? Dream BIG and achieve BIG.

If the goal is to make only $100K/yr trading then there are much easier and less stressful way of making that money.

Good luck!

Yea, I'm always dreaming big.. Read the book 10x by Grant Cardone. It will make you realize that you and most people are thinking too small.

100k is peanuts. You have to go for the millions.

 

[tsznecki]

use a little higher resolution thinking and everything will make sense.

during these trade war events I have many discussions with friends in China.... nationalism brain washing running full steam over there..

and this is what I tell them - what is 'China'.. there are actually 2 groups - the average citizen and the interest group - the ruling party... I still have family and friends there, average citizens.. and in this trade war their interest actually aligns with President Trump! imagine if the markets open up, the average people will get better products and services at lower prices, while the zombie state owned enterprises will no longer suck blood.... but this of course jeopardizes the ruling party's position... a party that represents the complete opposite of the Western ideology and way of life.

so, it is impossible to love or hate China, without defining what the object is.

Hold on, so you admit that Western notions are better than Eastern notions even though you are from the East. This is getting interesting. Do you view yourself inferior because you were not born in America? @dozu888

 

[dozu888]

Hold on, so you admit that Western notions are better than Eastern notions even though you are from the East. This is getting interesting. Do you view yourself inferior because you were not born in America? @dozu888

the Western ideology of free enterprise and freedom of speech and human rights are viewed by many as the better way of life than a totalitarian way - well look at Hongkong right now, and there was the 6.4.89

inferior is not the right word... not born in America gave me a small handicap in the sense that the first 20 years of my life could have been different if I were born in America.. I came here with $100 and 2 suit cases and now I have achieved the highest academic degree possible - PhD, a great career (independent consulting in a great field), great family, and since this is a trading forum - I am in the infamous 1% - so it's difficult to feel 'inferior' after achieving a lot.

and further proof I could have achieved more if my starting point were not so low - my kids were born here and at 18/15 they have achieved far more than I had at those ages.. Daughter is top 20 debater in the country (debate is an arms race of intelligence and financial resources lol), Son is a professional gamer (just made to the global finals so we are going to Korea in October.. yay!!).

hope everything makes sense now.

 

[tomorton]

You should read Black Swan by Nassim Taleb & Fooled By Randomness.

One good idea and now this writer has a head the width of a county.

 

[ironchef]

Einstein knew probability theory.

Why he did not day trade.

 

[tiddlywinks]

Why he did not day trade.

Broker assisted phone orders were too expensive.

 

[nooby_mcnoob]

the Western ideology of free enterprise and freedom of speech and human rights are viewed by many as the better way of life than a totalitarian way - well look at Hongkong right now, and there was the 6.4.89

inferior is not the right word... not born in America gave me a small handicap in the sense that the first 20 years of my life could have been different if I were born in America.. I came here with $100 and 2 suit cases and now I have achieved the highest academic degree possible - PhD, a great career (independent consulting in a great field), great family, and since this is a trading forum - I am in the infamous 1% - so it's difficult to feel 'inferior' after achieving a lot.

and further proof I could have achieved more if my starting point were not so low - my kids were born here and at 18/15 they have achieved far more than I had at those ages.. Daughter is top 20 debater in the country (debate is an arms race of intelligence and financial resources lol), Son is a professional gamer (just made to the global finals so we are going to Korea in October.. yay!!).

hope everything makes sense now.

All you can do is hope that you do better for your kids than your parents did for you.

 

[vanzandt]

what... no matter how you spin it made up shit is still made up shit.

They didn't get the word on the "Trump Train".


____________________________________________________

Ivanka Trump tweets ‘Chinese proverb’ that doesn’t actually exist
Maybe she saw it on a fortune cookie?

by Alex Linder
June 12, 2018
in News

Ahead of her father’s historic meeting with North Korean leader Kim Jong Un on Tuesday, Ivanka Trump has tweeted out an important piece of wisdom from an ancient Chinese sage: “Those who say it can not be done, should not interrupt those doing it.”

“Those who say it can not be done, should not interrupt those doing it.” -Chinese Proverb

— Ivanka Trump (@IvankaTrump) June 11, 2018

However, despite Ivanka’s attribution, there is no evidence that this quote comes from China and it doesn’t match any Chinese proverb that we know of. Actually, the saying has been occasionally ascribed to the famous Irish playwright George Bernard Shaw, though there’s no evidence of him ever having used it.

The website Quote Investigator looked into this saying a few years ago and the earliest usage they could find was in 1903 in a Chicago periodical. Since then, the quote has gone through a number of variations and attributions. By 1962, it had been put behind the words “Confucius say” by another periodical.

On the internet, there are a number of other instances of the quote being described as a Chinese proverb. Of course, the same can be said of anything which sounds relatively wise.

"You can call any old shit a Chinese proverb on the internet."
–Confucius https://t.co/lCcBwtKm5g

— Brendan O'Kane (@bokane) June 11, 2018

What proverb is she referring to. Could it be 你行你上 不行别bb https://t.co/fSbnr5O7dD

— Lulu Yilun Chen (@luluyilun) June 11, 2018

Maybe she just saw it on a fortune cookie?

 

[dozu888]

All you can do is hope that you do better for your kids than your parents did for you.

sure - people love their kids..

and measured in relative terms - the resources and efforts they spent to raise me, is probably MORE than I am doing for my kids... e.g. when I was in college they sent me $4 a month (correct, $4 a month), while they were making $14/month total.. proportionally I am spending WAY less on my daughter's college now.

and effort wise, the lack of medical technology means they had more hardship and worries whenever I got sick, while today I can just give them to the doctors to do a bunch of tests covered by insurance..

very different times..

 

[nooby_mcnoob]

sure - people love their kids..

and measured in relative terms - the resources and efforts they spent to raise me, is probably MORE than I am doing for my kids... e.g. when I was in college they sent me $4 a month (correct, $4 a month), while they were making $14/month total.. proportionally I am spending WAY less on my daughter's college now.

and effort wise, the lack of medical technology means they had more hardship and worries whenever I got sick, while today I can just give them to the doctors to do a bunch of tests covered by insurance..

very different times..

Amazing perspective.

Did you reward your parents once you saw success?