Trading is a fools game - you can't win

Quote from Redneck trader:

I would not call you an idiot – I would say you’re not thinking, nor acting - like a trader


Does not matter what you think – only how – ever

Does not matter what you think – only what you do - always

Everything works till it doesn’t


Food for Thought Sir - from a dumbass trader

RN
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Thanks mate,

Lately I've been really down in the dumps and completely unmotivated to do anything really. Can't seem to focus or get a grip.. definitely not the state of mind a trader should be in!
 
Simulation is a waste of time beyond learning the keystrokes of your platform. All you need when you're ready to start is a real-time price feed with live bids and offers -- and some tuition money.

Stop learning how to trade. Instead, just trade.
 
Slightly off topic, but I figure someone would know.. what's the real danger with trading penny stocks? I mean trading them not investing in them..
(by penny stocks I don't mean Pink Sheets, but $1-$5 stocks)
Sudden price drops? More unpredictability? I figure I could tame those a bit better and trade smaller moves than with the big caps, and forget about options all together.

Thanks
 
Reality check....you are NOT a trader. That was easy to surmise after reading your opening post.

Quote from tenebre:



Lately I've been really down in the dumps and completely unmotivated to do anything really. Can't seem to focus or get a grip.. definitely not the state of mind a trader should be in!
More...
 
Quote from tenebre:

Slightly off topic, but I figure someone would know.. what's the real danger with trading penny stocks? I mean trading them not investing in them..
(by penny stocks I don't mean Pink Sheets, but $1-$5 stocks)
Sudden price drops? More unpredictability? I figure I could tame those a bit better and trade smaller moves than with the big caps, and forget about options all together.

Thanks
More...


Possibly being illiquid – I don’t really know cause I don’t trade them

So…..


Pick "one" stock with an ATR between 50 and 85 cents, and a ADV over 1M – Good learning, low volatility


BTW

Shorting is no riskier than going long (contrary to popular belief) – but true nonetheless

AND

It’s all unpredictable – learn to think like a damn trader – no such thing as “more unpredictability”

RN
 
Quote from Redneck trader:

Possibly being illiquid – I don’t really know cause I don’t trade them

So…..


Pick "one" stock with an ATR between 50 and 85 cents, and a ADV over 1M – Good learning, low volatility


BTW

Shorting is no riskier than going long (contrary to popular belief) – but true nonetheless

AND

It’s all unpredictable – learn to think like a damn trader – no such thing as “more unpredictability”

RN
More...

Thanks again mate. Appreciate it.
 
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