Trading for a living....full time....only income

[777]

i am not talking of winners isolation i am talking about newbies motivation

the people in this filed of human enterprise effectively saying to everybody: i will do what nobody(or very few ) could !

That's the statement !

so what a heck one needs confirmation from the winners that it can be done for?

I feel you.

Thank you for helping me understand where you are comming from.
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There are a number of threads looking to isolate winning traders, full time traders, stock traders... the latest from rin4et.

In these threads, I think, there are sincere posters and knowledge seekers.

As well as, I think, a fair number of insincere, not trying to understand, or simply jackass people.

 

[qxr1011]

sure, if you really interested, in my earlier posts i devoted a lot of time to specifically this issue

until i realized: those who capable to make it happen really do not need it, to those who are not capable it will not be helpful anyway

 

[qxr1011]

There are a number of threads looking to isolate winning traders, full time traders, stock trader

frankly I was always skeptical of those attempts for the reasons explained above

its a natural thing for people to learn from the experience of previous generations or the previous achievers..

in trading not much can be learned beyond common knowledge...

after that we are on our own, and the sooner the wannabe-trader stops going over books and somebody's trading systems and the earlier he starts develop something on his own - the better for him

 

[777]

sure, if you really interested, in my earlier posts i devoted a lot of time to specifically this issue

until i realized: those who capable make it happen really do not need it, to those who are not capable it will not be helpful anyway

There is much truth in the "Winners find a way to win and losers find a way to lose" philosophy.
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I now understand you were not knocking the idea that smart people often try to isolate who the winners are and learn from them.

Sometimes even a subtle shift in ones views can make a huge difference.

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Absolutely I will check out your past posts.

Thank you for the suggestion!

 

[Sprout]

Often it is smart to learn from others who have successfully walked a path.

"When seeking to be the best, it is wise to seek the wisdom of more than one master," Dr. AnnMarie De Mars, former judo world champion (aka, Ronda Rousey's mom).

So true and wise you are.

I trained as a child in judo. Best thing ever for a kid to learn. It trains the mind/body's balance to be like a cat.

Very useful on slippery ice.

 

[qxr1011]

I now understand you were not knocking the idea that smart people often try to isolate who the winners are and learn from them.

Sometimes even a subtle shift in ones views can make a huge difference.

for the subtle shift that can make huge difference in views one does not need only winners, losers also will do

while back i was in touch with one trader from the Winnipeg, Canada

he was trading while unemployed and was always buying and selling on the previous day lows and highs

i kind of decided that the guys does not know what he was doing, and he did not (as soon as he found the job he stopped trading)

but my interaction with him made me look more deeply into the support/resistance issue and i made many discoveries after that which i incorporated in the method

even on ET many people (even some newbies) try many different things, discovering something about the markets that I may have missed

i listen to them all - in the pile of crap sometimes there are interesting ideas

 

[Sprout]

not in this field, knowledge here is not shared and it is not transferable

You forgot the 'for me.'

Older traders generously sharing their wisdom are here and they have transformed lives. It's all signal to noise. Focus and concentrate on the material that you resonate with.

 

[qxr1011]

You forgot the 'for me.'

Older traders generously sharing their wisdom are here and they have transformed lives. It's all signal to noise. Focus and concentrate on the material that you resonate with.

older traders dead !

and they never lived !

 

[Sprout]

older traders dead !

and they never lived !

How can you perceive them, if you don't believe they exist?

Or open to the possibility that there's a bigger world out there than you can imagine.

 

[helpme_please]

Trading for a living is not difficult when your capital is huge. If your annual expense is $50k and your capital is $2m, you only need to generate returns of 2.5% to earn a living. Even a mediocre can do that.

If your capital is small, suck it up and continue to work hard at your job or whatever you are doing to earn a living until you have accumulated a sizable capital. Please don't be a failed speculator and end up becoming a parasite to society by feeding onto the welfare provided by government or family later.

Most important question to ask ... are you trading for a living because you hate your job or love trading? If you don't love trading and only love the money, please don't do trading full-time because you have a high chance of becoming a social parasite later. I know of a successful full-time trader/investor who quit his job. He works longer hours today than when he had a job. Salary workers, however much they complain about the job, usually enjoy shorter working hours than successful self-employed traders/investors or entrepreneurs.