What kept(keeps) you going through the long journey trying to make it trading?

[Leopard9]

Knowing I can do it pure and simple. 18 months in and I keep pressing. Skills are there. The only thing holding me back from huge gains is my mind sabotaging my trading and the frustration afterwards. Working on that and getting better everyday. Once the blockage is removed everything will change.

- mindfulness: accepting emotions instead of fighting them. Knowing what the mind says is not always true. No cutting trades short, adequate stops there to be respected. No mind projections of what market is going to do. Letting it play out. Edge will cut trough the noise. Breathing exercises and meditation.

- Will start neural feedback exercises to even out brain function. Fight or flight response atenuation, cortex focus enhancing. This could be the breaktrough. I will be profitable before 4 years.

 

[TommyR]

he's taking the P

 

[ironchef]

retail trading is simply bs... not something worth the effort... so 'sticking to it' is foolish.

Be nice to us retails.

I beg to disagree. It is not bs for me, an amateur retail who quit his day job years ago and trade full time since 2010.

 

[Overnight]

...

retail trading is simply bs... not something worth the effort... so 'sticking to it' is foolish...

So as you felt the need to type in another thread, I am "a terrible trader..."

So you obviously do not trade, because you believe only in the buy 'n hold QQQ.

So why do you stick to the long QQQ? Isn't that a fool's errand also?

This is, after all, the trading section. Yer all over the place dozu. Find some focus man!

 

[zdave83]

'making it in trading' is a myth.

think going forward - in the short time frame robots already dominate. machine learning is just around the corner to completely dominate.... what chance does retail have? none.

computer speed doubles every 18 months.. we are on the verge of quantum computing that is even going to break this barrier. all the advancements to come... buy QQQ and hold forever. everybody can make it big in stocks... not by trading.

Wrote this in another thread ... sorry for the cross-post ... but it seems relevant here.

I think the 'AI vs human' battle is a farce. People often talk of ML/AI as a single entity that will dominate against humans. If that were true, maybe ... and only maybe ... a single ML/AI system might maintain some kind of unique edge. But there is no single ML/AI system ... that's not what's happening. 100's to 1,000's of firms are incorporating individual, uniquely tuned, ML/AI systems into their trading practices. As ML/AI systems compete against each other, and all other market participants, each system's unique edge will eventually get diluted, absorbed or negated. At some point, isn't each ML/AI system just another trading entity trying to find an edge and use it as long as possible? ...... Sounds familiar.

 

[orbit23]

Be nice to us retails.

I beg to disagree. It is not bs for me, an amateur retail who quit his day job years ago and trade full time since 2010.

Go on. Tell us more.

 

[dozu888]

Wrote this in another thread ... sorry for the cross-post ... but it seems relevant here.

The current AIs suck because google deepmind hasn’t got to it yet. It’s like their alphago. Before which there were hundreds of programs all suck so bad they can’t even beat amateurs. Then deepmind came along and alphago now dominates pro champs.

 

[ironchef]

Go on. Tell us more.

Just lucky I started trading full time in 2010.

Seriously, I am not trying to bs you, like @dozu888 said, in a bull market, to make money, you just have to bet with the market, no skills needed. If you don't believe me, do this simple backtest: starting from 2009, use @dozu888's example, buy/swing QQQ on margin (or long call/short put) and see what your return will be.

Some like @dozu888 are skilled and have their pro boys guiding them, I had no clue, just decided to bet that the bull market after 2009 would be huge.

 

[zdave83]

Then deepmind came along and alphago now dominates pro champs.

How well does any one deepmind do when competing against 100+ or 1000+ deepminds competing against each other? That's the future. Whatever edge ... diluted ... or negated.

 

[dozu888]

How well does any one deepmind do when competing against 100+ or 1000+ deepminds competing against each other? That's the future. Whatever edge ... diluted ... or negated.

valid point... although they still won't be equal strength... like after alphago many other companies came up with similar robots to play chess/go, but there is still only 1 winner if you pit them against each other.