The amount differs but we've all paid our dues. Unlike many demanding professions, there is no formal track, no syllabus, no tests, certifications etc. We're on our own to separate the wheat from the chaff and forge a way.Yes, painfully.
what is a strategy?
- Thread starter padutrader
- Start date
Back in '99 and early 2000, a group of us were trading a stock, XLE or XLA, don't remember. It traded on the old AMEX and repeatedly ran like a scalded dog breaking out of flat bases.....until the bear emerged from the cave in March of 2000.
I didn't know anything about the company so one day I researched it. Turns out it was not a tech company as it acted like a high beta Nasdaq issue but an offshore holding company which among it's few holding was a couple of island casinos which did not appear to be profitable....maybe laundering money, who the hell knows but for a number of months it was a great trader.
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but they knew what it was doing
no one likes rulesI could post them all day long and people wouldn't follow the rules of the trade, even if they did the work to understand the premise of the trade...but you already know that didn't you?
You are wrong - at least for me - I love VERY STRICT - Rules for Trading.
First - you have to have good Rules - that make sense - then you need to actually Follow the Rules. There is an old saying - "Rules are made to be broken" - well - if you have good Rules - and you break them - why have Rules at all.
My trading and Algos - are based on very STRICT Rules. Without these Rules - I would have been out of trading - long ago.
Hello padutrader,
I like rules, I just do not trust rules.
Everything in trading is a lie to me. Therefore trading rules is lie, therefore I do not have trading rules.
Just one rule, get rich quick.
By now, that's no secret. I'm sure you'll be saying that like...forever.
SimpleMeLike, why does attaining financial independence
need to be quick?
Did you know the longer you give yourself to reach a financial
Goal, will actually make it much easier to attain?
I'll give you an example:
Let's say two traders wanted to earn $5000 in trading profits.
The first trader wanted to get rich quick, so he gave himself
1 week (5 trading days) to reach his $5000 goal.
He'd have to earn on average $1000 a day to reach his milestone.
The second trader gave himself 3 months to reach his $5000 goal.
He could use a conservative strategy of earning $83.00 a day to reach his milestone.
I'll leave the rest up to you.
need to be quick?
Did you know the longer you give yourself to reach a financial
Goal, will actually make it much easier to attain?
I'll give you an example:
Let's say two traders wanted to earn $5000 in trading profits.
The first trader wanted to get rich quick, so he gave himself
1 week (5 trading days) to reach his $5000 goal.
He'd have to earn on average $1000 a day to reach his milestone.
The second trader gave himself 3 months to reach his $5000 goal.
He could use a conservative strategy of earning $83.00 a day to reach his milestone.
I'll leave the rest up to you.
I can't tell if you're just trolling, serious, or just retarded.
Either way, I like it lol