Is it possible for a trader just starting out to turn a small account into seven figures in the futures game? Virtually impossible, IMO.
However, for a trader who's spent years at the game, someone who while starting out failed again and again, until finally he succeeded beyond his wildest dreams, only to give it all back due to hubris and carelessness, now having to start over again from scratch, making little monetary progress but slowly, surely pruning away all those prior bad habits that in the past inevitably dragged him 5 steps back for every forward step -- could this trader accomplish such a task?
Who knows? The point I'm trying to make? When one finally comes to terms with who he is as a trader, his faults, his strengths, the dizzying yet fleeting taste of first success, the ultimate low of going right back to where you started after that success, and learning once and for all the virtues of patience, prudence, and humility -- then and only then can one even hope to achieve so lofty a target without getting derailed half-way by the ills borne out of the very same success he seeks. But when that point of self-realization is reached (when is the real question, instead of how much from how much), the decimal place in your account should vanish, numbers will really cease to matter, only the continuity of applying oneself time and again, day after day.
A person capable of achieving this goal does not ask if it can be done; he already knows it can be done, he already knows how.
Sorry, I think I ate one too many brownies tonite
However, for a trader who's spent years at the game, someone who while starting out failed again and again, until finally he succeeded beyond his wildest dreams, only to give it all back due to hubris and carelessness, now having to start over again from scratch, making little monetary progress but slowly, surely pruning away all those prior bad habits that in the past inevitably dragged him 5 steps back for every forward step -- could this trader accomplish such a task?
Who knows? The point I'm trying to make? When one finally comes to terms with who he is as a trader, his faults, his strengths, the dizzying yet fleeting taste of first success, the ultimate low of going right back to where you started after that success, and learning once and for all the virtues of patience, prudence, and humility -- then and only then can one even hope to achieve so lofty a target without getting derailed half-way by the ills borne out of the very same success he seeks. But when that point of self-realization is reached (when is the real question, instead of how much from how much), the decimal place in your account should vanish, numbers will really cease to matter, only the continuity of applying oneself time and again, day after day.
A person capable of achieving this goal does not ask if it can be done; he already knows it can be done, he already knows how.
Sorry, I think I ate one too many brownies tonite
