What Does it Take to Make it Big?

A

aeliodon

Do you have to be like Data from StarTrek to make it? Or more like a monk? What does it take? Is it simpler than it seems? Or much more difficult? Does simplicity require hard work to maintain? Is any indicator or indicator combo the holy grail? Or is the holy grail the fact that there is none? Uncertainty and risk is an essential part of the game and embracing it – is that a sign of craziness or down to earth realness? When others say its too dangerous and risky – are you a fool to not listen or brave for it? What is hard work in trading – attached to the screen for 12 hours a day or detached from the action? Do you have to put your faith in a machine or yourself? Or is it all a matter of luck and predestination?
 
Just being better than your competitors. Given that you can make millions, your competitors are pretty damn good.

In the land of the blind, the one eyed man is king.
 
what does it take?

Trading becomes easier when you dont make things complex and difficult. A stock can either go up, down or sideways... pick a side, pull the trigger.

cm69
 
One way to make it big is to go crazy and get lucky - like going all in fully leveraged in GOOG at 90. This beleive it or not is how most people make it - they go all in on one investment.
But I'm talking consistancy - making it big every week like having X amount in losses and 2X+ in gains. No down months.
But does anyone really even ever 'make it'? Do you not have to prove yourself on every single trade? Just like any althlete or artist, you never 'make it' - you have to prove yourself with each performance.
 
Quote from Renegen:

Well Buffet said diversification doesn't make sense if you know what you're doing.
More...

that's because he trades only stocks - and there I fully agree with him. However this rule makes no sense when you trade for instance global macro....
 
Buffet is right, diversification for the sake of diversiication doesn't make sense. You have to know what you're doing - but you never know what your doing is right till after the fact when you see that your in the money or in a drawdown in a market that can remain irrational longer than you can remain solvent.
 
you know that saying, I would rather try and fail than not try at all.


these are not very helpful words to those who fail,

my advice to any new guy, have plan B, and think twice if you really want to get into this game

but the darnest thing is, knowledge comes too late

when I was new, no power in the world would make me give up

statistics didn't matter, I am glad I didn't give up but seeing others fail

I must say, I actually don't know if I am smart or lucky

anyway short wednesday have fun ya all

well...I guess I do know
 
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