Ive been doing ok the last few months. Progress has been slow but steady. Last week I came across an interesting chat room and got in for a trial. I get lonely trading at home and am constantly looking for company so I do a lot of free trials. This is a small room but there are half dozen very good traders there who make very good money. They trade a few other contracts than I do and I got caught up in the feeding frenzy trading instruments that I am not familiar with and while they made money, I lost it. Another wonderful lesson from Mother Market. Tommorrow I go back to my routine chastened once again.
Trading 101
- Thread starter easyrider
- Start date
Why not trade the markets or vehicles that YOU are comfortable with rather than follow the chat room traders?
-FastTrader
-FastTrader
One way or another, we always look within ourselves and go back to the basics.
As long as their making money.
Trading isn't for everyone.
-FastTrader
Good point, everyone's gotta find their niche.
Quote from Fast_Trader:
Why not trade the markets or vehicles that YOU are comfortable with rather than follow the chat room traders?
-FastTrader
Yes. That is my point. Every time I get away from what I know I get burned. Im very hard-headed. I want it NOW! But of course thats not the way it works.
p.s.
Maybe you should paper-trade when trying new/different markets? I know I wouldn't jump into an unfamiliar market without properly studying it first. Also, try trading without the chat room one day. Bet you'll do better! For boredom/entertainment, just pay a visit to the Chit Chat section on Elite Trader.
-FastTrader
Whenever I try something different, I always play it small. It's a good way to get some experience without having any lasting damaging effects.